BlockFi approved for full refund

The US Bankruptcy Court for the District of New Jersey approved the company’s plan on Thursday, allowing BlockFi to repay 100% of customers’ funds. The crypto lender sought court approval to monetize $874.5 million in claims against FTX at a massive premium to their face value. The court’s approval means customers can now expect a full refund of their assets.BlockFi indicated that the final distribution of assets to its U.S. customers could begin within 90 days. However, international clients might have a longer wait due to regulatory challenges. One thing not answered yet, is that in the beginning BlockFi announced to repay in-kind, but with such price increase in the past 12 months, will BlockFi still be able to repay in-kind?

ETH Spot ETFs start trading

1st day data - $1.11 billion volume, while net inflow is $106 million. So 90% of the volume is by day traders or arbitrage traders?

dYdX v3 exchange on sale

According to Bloomberg, dYdX Trading Inc., the developer of the namesake decentralized finance exchange, is in talks to sell some of its (v3) derivatives trading software for an undisclosed amount to a consortium that includes some of the biggest market makers in crypto. Wintermute Trading Ltd. and Selini Capital are among the potential buyers of the dYdX v3 software, said two of the people, who asked for anonymity because the talks haven’t been made public. Now dYdX is running v3 (ce-de-centralized) and v4 (fully decentralized) exchange in parallel.

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