CryptoGPT is attempting to latch on to the success of artificial intelligence (AI) and ChatGPT by issuing its own GPT token.

The Peter Thiel-backed company made a contrarian bet on Silvergate last November when its exposure to FTX’s collapse first became known.

Zhu Su and Kyle Davies, the founders of bankrupt hedge fund Three Arrows Capital, have completed a $25 million raise for a bankruptcy claims exchange dubbed The Open Exchange.

Framework Ventures led the seed round for the firm, which was founded by former employees of market maker Jane Street.

Many financial advisors cite lack of intrinsic value as a case against bitcoin. But demand and global adoption, evidenced by bitcoin’s steadily increasing price, are what they should be paying

The latest price moves in bitcoin (BTC) and crypto markets in context for March 9, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto

The banking network will now look at applications like securities settlement and trade finance

The news follows streaming service Spotify’s release of token-gated playlists.

The bullish reversal pattern would open doors for a 50% price rally, chart analysts said.

Bringing crypto companies into the purview of anti-money laundering rules imposes obligations and exposes them to fines for breaches.