The Block
Quick Take Liquidators for Three Arrows Capital are estimating a 45.74% recovery rate for creditors. They say the estate has $563 million of illiquid tokens that will be unlocked over the next three years. They note Su Zhu was under house arrest for the last few weeks but finished his sentence on Dec. 20.
Quick Take Worldcoin has discontinued its Orb-verification service in India, Brazil and France, according to TechCrunch. Developer Tools for Humanity told the outlet it had expanded the eyeball-scanning device to many markets in 2023 for “limited time access” only.
Quick Take Ark Invest offloaded another 149,780 Coinbase shares ($24.2 million) on Wednesday. Ark also sold $14.3 million worth of GBTC shares and bought Block shares worth around $12.1 million.
Quick Take Three Arrows’ liquidator Teneo said the court has frozen $1 billion worth of assets of Su Zhu, Kyle Davies and Davies’ wife.
Quick Take Judgment was first made in August but will now take effect, according to a filing in the U.S. District Court of Appeals for the Ninth Circuit.
Quick Take Phantom, originally a Solana wallet created by Ethereum developers, announced users can now trade and transfer bitcoin, Ordinals, and BRC-20 tokens.
Quick Take Lawyers for former FTX CEO Sam Bankman-Fried asked more time to prepare for his sentencing, but a judge denied the request.
Quick Take Crypto is relevant to Americans, as voters have concerns about financial stability and especially inflation, Grayscale said on Wednesday in a blog post.
Quick Take Avail is collaborating with StarkWare to bring data availability to Starknet appchains. Developers can begin experimenting with the data availability solution on the testnet.
Quick Take The crypto hardware manufacturer Trezor added support for Solana and Solana Program Library (SPL) tokens. The move comes amid a price rally for Solana and renewed interest in the token.
