ChainCatcher news, according to CryptoSlate, FTX has reached a settlement with Evolve Bank and the Silicon Valley Community Foundation (SVCF), which could allow it to recover up to $21 million in assets. The agreement is pending court approval, with a hearing scheduled for November 20.Previously, Evolve Bank held over $13 million in deposits in accounts opened for FTX affiliate West Realm Shires Services Inc. After multiple negotiations, FTX reached an agreement with Evolve Bank to return approximately $12.77 million to the bankrupt FTX, while retaining $462,700 as compensation fees.In addition, the Silicon Valley Community Foundation SVCF also agreed to return $8.57 million and the remaining FTT tokens to avoid the need for litigation.

ChainCatcher news, Silicon Valley's renowned investor Tim Draper stated on X that he has donated to the campaigns of Harris and Trump, with amounts being roughly equal.He said, "This allows my wife and me to meet both candidates and make a more informed decision. My conclusion is that both candidates are in the right place; although they will set different paths for America, I optimistically believe that either path is positive, and I support both candidates."This action has faced significant public criticism, with Messari founder and former CEO Ryan Selkis stating, "If you are so vile that you cannot support a president (referring to Trump) who does not allow our country to be overrun by illegal immigrant criminals, then what is the point of being a billionaire? Silicon Valley people are truly pathetic."

ChainCatcher news, Circle co-founder Jeremy Allaire announced that Bradley Horowitz has joined the Circle board.Bradley Horowitz is a seasoned product and business leader, entrepreneur, and renowned seed investor in Silicon Valley. Bradley was responsible for search and media infrastructure at Yahoo and led the development of several popular products at Google.Jeremy Allaire stated that Bradley's humility, enthusiasm, creativity, and wisdom will make significant contributions to the company, and he looks forward to working with him to advance the construction of a new infrastructure platform for the internet economy.

ChainCatcher news, Silicon Valley AI×Web3 startup Jugemu.ai has completed a $1 million funding round. Jugemu.ai aims to democratize access to generative AI, including models like ChatGPT and Claude, and plans to launch its L2 blockchain mainnet by the end of 2024.

ChainCatcher news, the AI Web3 startup Bluwhale based in Silicon Valley announced the completion of a $7 million seed round financing. This round was led by SBI (including SBI Ven Capital and SBI Decima), with participation from Cardano, Momentum6, Primal Capital, NxGen, Ghaf Capital Partners, Spyre Capital, Baselayer Capital, Haseeb Qureshi, managing partner of Dragonfly, Charles Huang, founder of Guitar Hero, Jack McCauley, founder of Oculus, as well as collaborative funds from Animoca (Japan), Gumi, MZ Crypto, and others like Sygnum and Azimut.It is reported that Bluwhale was founded in 2022 by machine learning experts from Stanford and Berkeley, along with former TikTok AI senior personnel Adam Rowell and Han Jin, aiming to connect Web3 wallet holders with companies through AI technology, allowing dApps to directly reach their target audience and potential new users while optimizing their marketing expenditures. This initiative enables wallet holders to earn from advertising and promotional spending targeted at them. Bluwhale utilizes AI and contextual data to generate comprehensive profiles of Web3 individuals by analyzing on-chain behaviors, activities, and preferences, developing wallet roles and groupings, helping companies more accurately identify potential audiences, bringing transparency to the industry, and optimizing marketing/sales expenditures.As of now, 180 companies have registered to use its AI platform, which is currently in the public testing phase, having indexed over 2.7 million wallets.

ChainCatcher news, according to Business Insider, in the summer of 2021, billionaire and top Silicon Valley investor Peter Thiel began providing information to Johnathan Buma, an FBI agent based in Los Angeles who specializes in investigating political corruption and foreign influence operations, under the guise of "Confidential Human Source" (CHS).Thiel's long-time partner Charles Johnson stated in a statement that he introduced Thiel to Buma, helping to recruit the billionaire as an FBI informant. A source familiar with Thiel's relationship with the FBI confirmed Johnson's account. Insider corroborated through another source that the FBI has added Thiel to its official registered informant roster.In addition to being a billionaire, top Silicon Valley investor, major donor to Trump, and co-founder of Paypal, Thiel is also a supporter of cryptocurrency. According to cryptocurrency data platform RootData, Peter Thiel was also involved in founding the venture capital fund Valar Ventures, which has invested in several cryptocurrency companies, including the cryptocurrency exchange Bitpanda and the crypto lending platform Vauld.

According to ChainCatcher, as reported by Cointelegraph, BitMEX co-founder and former CEO Arthur Hayes stated at the 2023 Korea Blockchain Week that Bitcoin has been in a bull market for the past six months, but the market has not yet reacted. He estimates that it will respond within 6 to 12 months.Hayes believes that this round of Bitcoin bull market began on March 10, the day Silicon Valley Bank (SVB) was taken over by the Federal Deposit Insurance Corporation (FDIC). To prevent further collapse in the banking sector, the Federal Reserve established the Bank Term Funding Program (BTFP), offering bank loans for up to one year in exchange for them submitting "eligible assets" as collateral. Hayes noted that since then, the price of Bitcoin has been rising, currently up about 26%, which is why he claims the bull market started that day.

ChainCatcher news, documents provided by the Federal Deposit Insurance Corporation (FDIC) show that companies such as Circle and Sequoia Capital are among the top ten depositors of the now-bankrupt Silicon Valley Bank, with Circle holding approximately $3.3 billion in deposits and Sequoia Capital holding about $1 billion. Other major depositors include Silicon Valley Bank itself, SVB Financial Group, biotechnology research company Altos Labs, and Chinese recruitment platform Kanjun Limited.It has been reported that these companies have received billions of dollars in deposit insurance. Following the collapse of Silicon Valley Bank, the Federal Reserve announced a partnership with the FDIC to protect the interests of both insured and uninsured depositors. (Bloomberg)

ChainCatcher news, according to a report by The Wall Street Journal citing informed sources, the Federal Reserve and the Securities and Exchange Commission (SEC) are investigating Goldman Sachs. According to insiders, financing was conducted before the collapse of Silicon Valley Bank, and Goldman Sachs played a role in purchasing the securities portfolio of Silicon Valley Bank.As part of the SVB investigation, the Department of Justice has also issued a subpoena to Goldman Sachs. Insiders indicate that the investigation into Goldman Sachs is part of the ongoing investigation by the SEC and the Department of Justice into the collapse of SVB. The Federal Reserve and the SEC are seeking documents related to Goldman Sachs' role as a buyer of the securities portfolio and as a financing advisor to SVB, and are examining whether Goldman Sachs' investment banking and trading departments had improper communications regarding the sale of the portfolio. (The Wall Street Journal)