Opera Crypto Browser Introduces NFT Minting Feature, Alameda Scores a Hit for FTX High Leverage Trading

Opera’s crypto browser introduces a non-fungible token (NFT) minting feature. Now creating an NFT is as easy as dragging and dropping an image into the browser. It will generate a basic smart contract and upload the content to a blockchain. The company has partnered with Alteon Launchpad, a cloud-based developer ecosystem, to support the NFT feature.

“Opera Crypto Browser is about exploring Web 3.0 privately and securely. With Alteon LaunchPad, we give users the ability to freely contribute to this ecosystem. Now our users can create NFTs instantly and easily with no platform usage fees, encouraging more people to explore the burgeoning NFT industry,” said Susie Batt, Crypto Ecosystem Lead at Opera, in a press release.

The 3AC Liquidations Saga

Three months after receiving permission from the Singapore Supreme Court to examine the company’s assets, Three Arrows Capital’s liquidators have seized around $35.6 million from the country’s bank accounts owned by the defunct cryptocurrency hedge fund .

Teneo, a liquidation company ordered by a British Virgin Islands court, seized most of the money since the Three Arrows crash in July, leaving a $3.5 billion deficit as a result. Liquidators also confiscated $2.8 million in forced redemptions from investors, as well as an unspecified amount of cryptocurrency.

Alameda takes FTX hit for high leverage trading

Alameda Research suffered a $1 billion loss last year caused by trading FTX with high leverage. financial times said in a report citing those with knowledge of the situation.

In early 2021, a client’s leveraged bet on a little-known token called Mobilecoin, used for payments on messaging app Signal, went from $6 to nearly $70 in a matter of seconds, revealing some holes in FTX’s financial reserves. Corresponding financial timestraders used the position to borrow on FTX, which could have allowed them to take cash from the exchange.

Galaxy Digital acquires GK8

Galaxy Digital, a cryptocurrency-focused financial services company, has won a bid to buy GK8, a self-custodial crypto platform, from insolvent crypto lender Celsius Network, Galaxy said in a Dec. 2, 2022 press release.

Terms of the deal have not yet been announced, but Galaxy spokesman Michael Wursthorn claimed it was significantly lower than what Celsius paid a year ago. Celsius paid $115 million to acquire GK8 in November 2021.

Apple rejects latest Coinbase update

Apple has rejected the latest update to Coinbase’s self-custody wallet app to prevent iOS device users from sending non-fungible tokens (NFTs). Coinbase Wallet said in a series of tweets that Apple would like the updated software to block the feature that allows users to transfer NFTs.

“You may have noticed that you can no longer send NFTs on Coinbase Wallet iOS. This is because Apple blocked our last app release until we disabled the feature,” Coinbase said in a tweet.