Here’s what Happened in Crypto Today: Key Highlights

1. US Government Moves to Sell SBF’s Private Jets: United States prosecutors have filed for court approval to sell two private jets linked to former FTX CEO Sam Bankman-Fried as part of ongoing forfeiture proceedings. The aircraft, a Bombardier Global and an Embraer Legacy, collectively valued at $28.4 million, are subject to forfeiture following Bankman-Fried’s conviction on seven felony counts in November 2023. He faces a potential sentencing of 40 to 50 years in prison.

2. Apple M-Series Chip Vulnerability Raises Concerns: Academics have uncovered a critical vulnerability in Apple’s M-series chips, potentially allowing malicious actors to access encrypted data on MacBook devices. Termed a side channel exploit, the vulnerability could lead to the illicit retrieval of end-to-end encryption keys during the execution of common cryptographic protocols. The issue, deeply embedded in the microarchitectural design, is deemed “unpatchable.”

3. Grayscale Bitcoin Trust (GBTC) Outflows Continue: Outflows from Grayscale’s Bitcoin Trust (GBTC) reached $358.8 million on March 21, marking significant depletion amid ongoing concerns. This week alone witnessed outflows totaling $1.8 billion, with GBTC reporting $23.2 billion in assets under management. Despite these outflows, analysts speculate that the worst may be nearing its end, with market dynamics potentially shifting towards a more stable phase.

As the crypto landscape evolves, regulatory actions, technological vulnerabilities, and market dynamics continue to shape the industry’s trajectory. Stay tuned for more updates on daily trends and events impacting the crypto sphere.

Disclaimer: The information provided does not constitute financial advice. Always do your own research before investing in cryptocurrencies or financial assets.

By Urik

My professional background is in public relations and I am the founder of Cryptochating. My journey into blockchain technology started four years ago, and I haven't looked back since then. The future of decentralized technology is incredibly fascinating to me, and I am passionate about communicating how it will change the world.

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