In recent crypto news for the weekend, FTX has agreed to settle its 2023 lawsuit against Bybit for $228 million. The settlement allows the FTX estate to access $175 million in digital assets held on Bybit and sell $53 million in BIT tokens to Mirana Corp. The final approval is pending a court hearing scheduled for November 20, 2024. Additionally, Sumit Gupta, co-founder and CEO of CoinDCX, commented on the coexistence of central bank digital currencies (CBDCs) and cryptocurrencies, stating they serve different purposes. His remarks sparked a discussion about CBDCs potentially resembling 'digital fiat' and carrying similar inflation risks. Furthermore, Coinbase introduced a new tool called 'Based Agent,' enabling users to create AI agents linked to crypto wallets in under three minutes. This tool aims to facilitate onchain tasks such as trading and staking using smart contracts.

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