FTX is Ordered to pay $12.7 Billion to Creditors

10/2024

Welcome to Weekly Comet, your go-to source for updates on cryptocurrency, meme coins, NFTs and much more.

• FTX, Alameda ordered to pay $12.7B to creditors (coindesk)  

• Bitcoin could act as a ‘safe haven asset’ of recession (theblock)  

• Bitcoin Recovers as Coinbase Premium Index Turns Green (bitcoinist)  

• Binance announced TON spot trading pairs (@wublockchain)  

• Preparing for DeFi regulation: the role of portable KYC (coindesk)  

• Ethereum losing ground to Bitcoin and Solana (coinmarketcap)  

• Vladimir Putin signed a new cryptocurrency law in Russia. (tass.com)

• Jesse Pollak says his DMs are open for builders. (@jessepollak)  

• Arbitrum Orbit Blockchains Adopt USDC as Gas Token in DAO Move (deepnewz)  

• Musk has thrown support behind the former president (cnbc)  

• Colorado Education Initiative releases AI guide for schools (deepnewz)

• Japanese society uses Blockchain to guard dog breeds (bitcoinist)  

• Will our video avatars replace us? AI firm Synthesia unveils (decrypt)

• Joe Rogan compares UK to Soviet Russia (@marionawfal)  

• More Chinese EV brands launching in Singapore (cnbc)  

• Art created by Banksy was stolen in London (@telegraph)

• Web3 Startup Spaceport Brings Major Korean Game IP to Roblox and Fortnite (theblock)  

• Blast Gold Distribution 2 is now live (@blast)  

• Animoca Brands announced partnership with Lamborghini (@animocabrands)  

• Coffeezillasays ‘groundless’ Logan Paul lawsuit aims to ‘crush new investigations’  (cointelegraph)  

• Frank turned DeGods NFTs into a Memecoin (@waleswoosh)  

• Nodemonkes Ordinals collection floor jumps 34% as project gains momentum (deepnewz)  

• RTR on Solana was a “fake token” fell 95% on the news (coindesk)  

🛠️ Weekly Developer Updates 🛠️

This week, we’re putting the finishing touches on some exciting features, with the Vaults function almost ready to go live! 

What’s coming/cooking:

🔧 Galaxis Utilities: ERC-20 and NFT dropper

🏅 Vaults with digital redeemable badges

🔍 Display of all card modifiers (including inactive ones)

📊 Community owner statistics

♾️ Infinite Membership Cards (up to 4 billion)

🎨 Support for more than 256 unique images on one layer

Stay tuned—big updates are just around the corner!

Get Ready for the Weekly Comet Quiz! Over the next four weeks, we’re inviting you to dive deeper into our newsletter articles and test your attention to detail. Each issue will contain a set of questions related to the content we’ve shared, covering everything from business and technology to politics and beyond. Answer all four quizzes correctly, and you could be one of three lucky winners sharing $500 in cash prizes.