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◽Altcoin Alerts, News, Events, ICO/IEO Updates, Research, Tweets and more. 🚩Content posted in this channel should not be considered as investment advice. Invest only at ur own risk.
⚡️ News Flash - 28 Aug 2024 !
1️⃣ Pavel Durov Transferred to Court After Arrest in France
Telegram founder Pavel Durov has been released from French custody and is now facing court questioning for possible indictment related to Telegram's moderation issues.
2️⃣ Telegram Game 'Hamster Kombat' Announces Token Launch and September Airdrop
Hamster Kombat will launch its HMSTR token on TON with an airdrop on September 26. The Telegram game has over 300 million players.
3️⃣ OpenSea Faces SEC Wells Notice Over NFT Classification, Pledges $5M for Creator Legal Support
OpenSea got a Wells notice from the SEC, which may sue for classifying NFTs as securities. OpenSea disagrees, calling NFTs art and collectibles. They’re offering $5 million to help NFT creators with legal costs.
4️⃣ WazirX Seeks 'Breathing Space' to Restructure Liabilities After $230 Million Exploit
Zettai Pte Ltd, owner of WazirX, has requested a 30-day moratorium in Singapore to restructure after a $230 million hack. A court hearing is pending.
5️⃣ Aave Exploited Through Periphery Contract, $56K Stolen from 'Tip Jar'
Aave’s periphery contract was hacked for $56,000, but no user funds were at risk. The breach affected the ParaSwapRepayAdapter contract, which wasn’t audited. Aave confirmed the main protocol is secure.
⚡️ News Flash - 26 Aug 2024 !
1️⃣ French Authorities Can Detain Pavel Durov Until Aug 28
French prosecutors revealed that Telegram CEO Pavel Durov was arrested on charges including complicity in illegal activities and money laundering. His custody is extended until August 28. President Macron denied any political motive behind the arrest, emphasizing France's commitment to free expression.
2️⃣ SEC Grants $24 Million in Awards to Two Whistleblowers
The SEC awarded over $24 million to two whistleblowers for information that led to enforcement actions. One received $4 million, and the other $20 million, for their crucial contributions.
3️⃣ Bitcoin Inflows Reach $543 Million Last Week Amid Interest Rate Cut Speculation: CoinShares
Bitcoin saw $543 million in inflows last week after Fed Chair Jerome Powell's dovish comments on inflation and potential rate cuts, according to CoinShares. Powell's remarks boosted Bitcoin's price from below $61,000 to around $63,500. August inflows now total $225 million.
4️⃣ Concerns Mount Over Binance Executive's Health During Detention in Nigeria
Binance executive Tigran Gambaryan, detained in Nigeria for six months on financial crime charges, is experiencing severe health issues due to untreated medical conditions and negligence. His family reports he can no longer walk and is denied a wheelchair.
5️⃣ Binance to List Eurite (EURI) and Offer Zero Trading Fees on EURI
Binance will list Eurite (EURI) on August 28, 2024, with trading pairs EUR/EURI and EURI/USDT. The exchange is offering zero fees for EURI trades. Deposits are open, and withdrawals start on August 29, 2024.
🔔 JUST IN: Telegram CEO Pavel Durov Reportedly Arrested in France !
Telegram CEO Pavel Durov has reportedly been arrested in France on multiple charges, though the reports are unconfirmed. Following the news, Telegram's TON cryptocurrency dropped over 13%.
⚡️ News Flash - 23 Aug 2024 !
1️⃣ $24M CryptoPunk Sale Signals NFT Market Uncertainty
The NFT market is facing declines, with CryptoPunk #5822, once sold for $23.7 million, recently transferred for an undisclosed amount. This shift raises concerns about the future of digital collectibles.
2️⃣ El Salvador Increases Bitcoin Holdings by 162 BTC Through Daily Purchases
El Salvador, the first country to adopt Bitcoin as legal tender, has been consistently increasing its Bitcoin reserves, purchasing one Bitcoin daily since March 16, according to Arkham Intelligence.
3️⃣ Bitcoin Transaction Fees Surge 937.7% in 24 Hours
On August 22, Bitcoin transaction fees jumped 937.7%, from $0.74 to $7.679, due to increased network demand. Previously, fees had been stable, mostly under $2. Low fees benefit users but can reduce miner revenue.
4️⃣ SEC Opposes Richard Heart's Motion to Dismiss $1B Securities Lawsuit
The SEC has opposed Hex founder Richard Heart’s attempt to dismiss its $1 billion lawsuit, asserting its authority to pursue the case. Heart argues the SEC lacks jurisdiction since he lives abroad and was not in the U.S., but the SEC contends he disregards key allegations and legal standards.
5️⃣ Changpeng Zhao Transferred to Field Office Custody Before September Release
Changpeng “CZ” Zhao has been transferred to an administrative facility in the Greater Los Angeles area ahead of his September 29 release. Zhao, sentenced to four months in prison for AML program failures, began serving his sentence on May 31. The reason for the early transfer is unclear.
🔔 FTX Reports Strong Creditor Support for Reorganization Plan !
FTX Trading Ltd. announced that its amended Plan of Reorganization has received strong preliminary support from over 95% of voting creditors, representing 99% of voted claims by value. The plan aims to return 100% of bankruptcy claim amounts plus interest to non-governmental creditors. Final voting results will be submitted before the Confirmation Hearing on October 7, 2024.
▶️ Check More Details Here:
https://twitter.com/FTX_Official/status/1826365362998501704
⚡️ News Flash - 20 Aug 2024 !
1️⃣ Mt. Gox Transfers $700M in Bitcoin, Marking First Significant Move in 3 Weeks
Defunct crypto exchange Mt. Gox transferred around 12,000 Bitcoin (worth $709.4 million) to an unknown wallet on August 20. An additional 1,265 BTC ($74.8 million) was moved to a labeled Mt. Gox cold wallet, where the funds remain.
2️⃣ 'jaredfromsubway' MEV Bot Resurfaces with Fresh Attacks
The MEV bot "jaredfromsubway.eth" has returned with enhanced capabilities for more sophisticated "sandwich" attacks, making it harder to track and analyze. The bot uses advanced techniques to manipulate DeFi protocols and generate profits.
3️⃣ Montenegro Arrests FutureNet Co-Founder in Connection with Alleged $21M Crypto Fraud
Montenegrin police arrested Roman Ziemian, co-founder of the $21 million FutureNet crypto fraud scheme. He faces life imprisonment in South Korea and Poland. Ziemian is awaiting extradition after being found using a false identity.
4️⃣ CZ and Binance Hit with New Lawsuit Alleging Crypto Laundering
Binance and former CEO Changpeng Zhao are facing a class action lawsuit alleging the exchange failed to prevent money laundering, causing stolen crypto to become untraceable. The lawsuit was filed on Aug. 16 in Seattle.
5️⃣ Malaysian Authorities Destroy Hundreds of Bitcoin Mining Rigs Using Steamroller
Malaysian authorities destroyed 985 Bitcoin mining rigs on Aug. 19 to combat electricity theft. The operation, led by the Perak District Police Headquarters, involved equipment worth about $450,000.
⚡️ News Flash - 19 Aug 2024 !
1️⃣ Tether Launches USDT Stablecoin on Aptos Blockchain
Tether is launching its USDT stablecoin on the Aptos blockchain, offering lower-cost transactions. Aptos, co-founded by former Meta engineers, aims to support scalable decentralized applications.
2️⃣ Malaysian Officials Detain Seven Individuals for Power Theft Associated with Bitcoin Mining
Malaysian authorities arrested seven people—three locals and four foreigners—last week for allegedly stealing electricity to power bitcoin mining operations. The police seized 52 mining rigs and other devices valued at approximately $57,000.
3️⃣ Ava Labs COO's X Account Likely Hacked After Posting Memecoin
Ava Labs COO Luigi D’Onorio DeMeo's X account was hacked on August 19, posting about a Pokémon-themed memecoin, Pika (PIKA), and suspicious airdrops. The posts were deleted, and users are advised to avoid the links.
4️⃣ Partial Dismissal in Shaquille O’Neal's Legal Battle Over Astrals NFT Case
A Miami court ruled that Shaquille O’Neal was involved in promoting the Solana NFT project Astrals as a "seller," but dismissed claims that he was a "control person" in a securities lawsuit.
5️⃣ ASIC Shuts Down Over 600 Crypto Scam Websites in Year-Long Crackdown
Australia's financial regulator, ASIC, removed 615 cryptocurrency scams in the past year, contributing to over 7,300 scam websites taken down since July 2023, with $1.3 billion lost to investment scams.
⚡️ News Flash - 16 Aug 2024 !
1️⃣ NASDAQ Withdraws Proposal for Bitcoin Options Trading
The SEC received NASDAQ's withdrawal notice for a rule change to list Bitcoin options on the ISE Exchange. The proposal was withdrawn amid concerns from Better Markets about risks to retail investors.
2️⃣ Donald Trump Selects Howard Lutnick of Cantor Fitzgerald to Head Potential Transition Team
Donald Trump has named Howard Lutnick of Cantor Fitzgerald to co-chair his transition team with Linda McMahon if he wins the presidency. J.D. Vance and Trump's sons will be honorary chairs.
3️⃣ Bitget Wallet Reaches 30 Million Users, Surpassing MetaMask in July App Downloads
Bitget Wallet reached 30 million users and led global app downloads in July 2024, surpassing MetaMask. The wallet saw a 50% growth since March and achieved 1.7 million downloads in July, marking a 140% month-over-month increase.
4️⃣ South Korea’s Public Pension Fund Allocates $34 Million to MicroStrategy
South Korea's National Pension Service (NPS) invested in cryptocurrency-related companies by buying 24,500 shares of MicroStrategy (MSTR) in Q2 2023, at an average price of $1,377.48 per share.
5️⃣ Nigerian Court Freezes $38 Million in Crypto Allegedly Sent to Support Protests
A Nigerian court has frozen nearly $38 million of $50 million in cryptocurrency linked to #EndBadGovernance protests. The Economic and Financial Crimes Commission requested the freeze on four wallets, but one address showed a zero balance.
⚡️ News Flash - 14 Aug 2024 !
1️⃣ MetaMask Launches Pilot Self-Custody Debit Card in Partnership with Mastercard
MetaMask has teamed up with Mastercard and Baanx to pilot a self-custody debit card in the UK and EU. The card lets users hold their crypto until transaction time, converting digital assets to fiat for payments. It will expand to other regions later.
2️⃣ US Government Transfers $600 Million in Silk Road Bitcoin to Coinbase
The U.S. government moved 10,000 BTC, worth about $594 million, from Silk Road seizures to a Coinbase wallet on Wednesday. It’s unclear if the funds will be sold or held.
3️⃣ ASIC Files Lawsuit Against Australian Bourse ASX Over Failed Blockchain Project
ASIC is suing the ASX for misleading statements about its failed blockchain upgrade project, which was falsely claimed to be on track for an April 2023 launch. The ASX has paused the project, which faced significant delays and challenges.
4️⃣ SEC Charges Russell Todd Burkhalter and Firm with $300 Million Ponzi Scheme
The SEC has halted a $300 million Ponzi scheme by Drive Planning LLC and CEO Russell Todd Burkhalter. The scheme misused funds for personal luxuries, promising high returns on fake real estate investments. The SEC has frozen assets and seeks further legal actions.
5️⃣ Sahara AI Raises $43M to Build Collaborative, Decentralized AI Platform
Sahara AI raised $43 million to develop a platform combining AI and blockchain for a collaborative economy. Led by Pantera Capital and Binance Labs, the project aims to ensure transparent tracking and rewards for AI contributions through its Sahara Blockchain Protocols.
🔔 JUST IN: Bitcoin Surpasses $61,000, Ethereum Exceeds $2,700 !
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⚡️ News Flash - 11 Aug 2024 !
1️⃣ OSL Executive Highlights Systemic Market Obstacles for Hong Kong Crypto ETFs
Hong Kong’s crypto ETFs struggle due to market intermediaries favoring traditional products and regulatory bias against cryptocurrencies, OSL’s Gary Tiu said.
2️⃣ Tornado Cash Developer Alexey Pertsev Seeks Additional Funding for Legal Appeal
Alexey Pertsev, the Tornado Cash developer, is seeking $750,000 to $1 million in additional funds to continue his legal battle for privacy rights and code freedom, as he faces significant financial and legal challenges.
3️⃣ Celsius Files Lawsuit Against Tether, Seeks $3.5 Billion Over Bitcoin Collateral Sell-Off
Celsius has sued Tether for misappropriating assets, demanding around $3.5 billion, including the return of approximately 57,428 BTC, plus damages and legal fees.
4️⃣ Former SEC Official Calls Morgan Stanley’s Bitcoin ETF Push a ‘Death Wish’
Morgan Stanley may face intense scrutiny from the SEC and FINRA after allowing its 15,000 brokers to pitch spot Bitcoin ETFs, according to former SEC official John Reed Stark. He predicts this move could trigger the largest compliance examination sweep in history.
5️⃣ Nigerian Files Lawsuit to Challenge Crypto Ban and Seek BTC Commodity Status
A Nigerian bitcoin advocate has filed a lawsuit against government restrictions on digital assets, aiming to lift the ban on cryptocurrency exchanges and ensure unrestricted access for all Nigerians.
⚡️ News Flash - 09 Aug 2024 !
1️⃣ OKX Takes Action Against Tornado Cash Users, Terminates Accounts
OKX CEO Star Xu announced that accounts interacting with Tornado Cash will be terminated to enhance compliance with international sanctions and improve financial integrity.
2️⃣ Donald Trump Jr. to Launch Crypto Platform to Challenge Traditional Banks
Donald Trump Jr. plans to develop a DeFi platform to tackle banking access inequality, though specifics and timing are not yet clear.
3️⃣ IRS Revises Crypto Brokerage Tax Form, Excludes Wallet Address Request
The IRS has updated the draft of Form 1099-DA for crypto transactions, set to start in 2025. The new draft removes details like wallet addresses and transaction IDs.
4️⃣ Coinbase Criticizes CFTC Proposal to Ban Election Bets
Coinbase criticized the CFTC's proposed rule to ban certain event contracts, saying it could stifle innovation. The rule targets prediction markets on sensitive topics but might affect broader markets. Coinbase also donated to a PAC opposing anti-crypto Senator Elizabeth Warren.
5️⃣ Ripple Starts Mainnet Testing for RLUSD Stablecoin
Ripple Labs has started testing its USD-pegged stablecoin, Ripple USD (RLUSD), on XRP and Ethereum networks. The stablecoin will be fully backed by USD reserves and audited regularly.
🔔 Binance to List Toncoin (TON) with Seed Tag Applied !
Binance will list Toncoin (TON) and open trading for the following pairs on August 8, 2024, at 10:00 UTC: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. Deposits are now available, and withdrawals will start on August 9, 2024, at 10:00 UTC.
▶️ Check More Details Here:
https://www.binance.com/en/support/articles/abba626aa0974b828f91c166bdc12afd
⚡️ News Flash - 07 Aug 2024 !
1️⃣ Nexera Protocol Hit by $1.5 Million Exploit in Latest DeFi Hack
Nexera Protocol lost $1.5 million in an exploit on August 7. Hackers stole NXRA tokens by taking control of the protocol's proxy contract and are currently liquidating the stolen tokens for Ether (ETH). Some funds have been bridged to the BNB chain.
2️⃣ Blockchain Technology Lowers Airline Cargo Costs by 7% and Enhances Efficiency
A study by Aventus at Heathrow Airport showed airlines could cut cargo handling costs by 7% using blockchain-based supply chain solutions. The technology also improved operational efficiency, including faster turnaround and container location.
3️⃣ Mt. Gox Creditors Hold Bitcoin Despite 10-Year Wait
Mt. Gox creditors have received nearly 59,000 of the 141,686 BTC owed, but this hasn’t caused a market sell-off. Bitcoin’s recent 20% drop is attributed to broader economic factors rather than the distribution.
4️⃣ Wallets Associated with $4B PlusToken China Ponzi Shift 2,800 Ether
Hundreds of wallets linked to the $4.2 billion PlusToken Ponzi scheme have started moving thousands of ETH, with over 2,800 ETH transferred to a single wallet. This activity, tracked by Arkham and LookonChain, has sparked concerns about potential sell pressure in the crypto market.
5️⃣ Grayscale Introduces New Crypto Investment Trusts for SUI and TAO
Grayscale has introduced two new investment products: the Grayscale Bittensor Trust and the Grayscale Sui Trust, focusing on Bittensor's TAO and Sui's SUI tokens, respectively.
⚡️ News Flash - 05 Aug 2024 !
1️⃣ Polymarket Records $1.4 Million Bet on Federal Interest Rate Cut Following Market Crash
Polymarket has $1.44 million in bets predicting that the Federal Reserve will cut interest rates by September 2024. This reflects broader market expectations amid concerns of a potential recession.
2️⃣ Elon Musk Resumes Lawsuit Against OpenAI and Sam Altman—Filing
Elon Musk has refiled a lawsuit against OpenAI and CEO Sam Altman, reviving a case initially dropped in June. Musk’s suit, originally filed in February, alleges breaches of nonprofit commitments by OpenAI.
3️⃣ Solana Experiences 30% Weekly Drop Amid Widespread Alt-Coin Crash
Crypto market crashes: Solana, Link, and Uniswap down 30% this week; Dogecoin and Pepe fall 27% and 39%. $1.23B liquidated, Bitcoin ETFs face $237.4M outflows.
4️⃣ Over $1 Billion Lost in Crypto Liquidations as Global Markets Decline
On Aug. 5, $1.08 billion in crypto positions were liquidated due to major drops in Bitcoin, Ether, and Solana, impacting nearly 300,000 traders.
5️⃣ Crypto Hackers Acquire Ethereum Dip with Stolen Funds
Hackers used stolen funds from the 2022 Nomad bridge hack to purchase 16,892 Ether, capitalizing on its over 20% price drop.
⚡️ News Flash - 27 Aug 2024 !
1️⃣ New Zealand Implements OECD Crypto Reporting Framework in New Tax Bill
New Zealand's Minister of Revenue proposed a bill on August 26 to implement the OECD's Crypto-Asset Reporting Framework (CARF) and amend the Common Reporting Standard (CRS). The bill also includes provisions for annual tax rates and tax relief measures.
2️⃣ Celsius Bankruptcy Plan Administrator Disburses Over $2.5B
Celsius has distributed over $2.53 billion to 251,000 creditors, covering 93% of eligible value. Around 121,000 creditors still need to claim their distributions.
3️⃣ U.S. SEC Settles with Abra Over Unregistered Securities Sales
Abra has settled with the SEC over allegations that it improperly offered Abra Earn without registering it as a security. The firm agreed to cease violations and accepted potential civil penalties, following a previous settlement with 25 states to return up to $82 million to U.S. customers.
4️⃣ SEC Accuses Sound Point Capital Management of Compliance Failures with Nonpublic Information
The SEC has fined Sound Point Capital Management $1.8 million for inadequate policies on material nonpublic information (MNPI) related to collateralized loan obligations (CLOs). The firm failed to implement proper procedures until 2022 and 2024, respectively, for its own and third-party CLOs.
5️⃣ California Judge Rules SEC's Case Against Kraken Will Proceed to Trial
A California judge has ruled that the SEC's lawsuit against Kraken will go to trial. The SEC alleges Kraken violated securities laws. Kraken's dismissal motion was partly granted, but the case will proceed to trial.
🔔 Telegram Releases Official Statement on Pavel Durov's Detention !
Telegram issued its first statement supporting CEO Pavel Durov following his reported detention in France. Durov's status is unclear, with an official update expected on August 26.
▶️ Check More Details Here:
https://x.com/telegram/status/1827787345367834772
⚡️ News Flash - 24 Aug 2024 !
1️⃣ Polygon Regains Control of Discord After $145,000 Hack Amid POL Token Launch
Polygon regained control of its Discord server after a four-hour hack that led to the theft of $145,000 in assets from one user. The hacker posted a fake airdrop message ahead of Polygon's token migration from MATIC to POL. Polygon has disabled bots and is reviewing security.
2️⃣ Sygnum Issues $50M Bitcoin-Backed Syndicated Loan to Ledn
Sygnum issued the first-ever $50 million Bitcoin-backed syndicated loan to crypto lender Ledn. The loan will help Ledn expand its retail lending operations, using BTC as collateral.
3️⃣ Bitcoin Coinbase Premium Hits 39-Day Peak with $63K Reclaimed
U.S. Bitcoin interest hit a 39-day high after the Fed signaled a potential interest rate cut. The Coinbase Premium Index showed increased demand among U.S. investors.
4️⃣ PayPal Teams Up with Anchorage for PYUSD Stablecoin Rewards Program
PayPal and Anchorage Digital are launching a stablecoin rewards program for PayPal USD (PYUSD), offering yield without staking or lending. The program targets institutional clients and aims to boost PYUSD adoption. The stablecoin has recently grown significantly, surpassing USDD in market cap.
5️⃣ Judge Rules SEC Lawsuit Against Kraken Can Proceed
A federal judge has ruled that Kraken must face a lawsuit from the SEC, which alleges the exchange operated as an unregistered securities exchange. The SEC claims some tokens traded on Kraken, including ADA and MATIC, are securities.
⚡️ News Flash - 22 Aug 2024 !
1️⃣ Colombia's Regulator Issues Notice to Worldcoin Over Alleged Data Breach
Colombia's SIC has accused Worldcoin of violating personal data protection laws during its data collection in the country. Penalties could include fines or closure if found guilty.
2️⃣ Ex-FTX Executive's Partner Charged with Campaign Finance Violations
Michelle Bond, partner of former FTX co-CEO Ryan Salame, has been charged with campaign finance violations, including illegally funding her 2022 congressional run with $400,000 from a crypto firm and making false statements to cover it up.
3️⃣ OmegaPro Co-Founder Detained in Turkey Over Suspected $4B Ponzi Scheme: Reports
Andreas Szakacs, co-founder of OmegaPro, was arrested in Turkey in July for his alleged role in a $4 billion crypto Ponzi scheme. Authorities seized computers and 32 cold wallets, tracking $160 million in cryptocurrency. Szakacs denied the allegations.
4️⃣ Magic Eden to Integrate Ecosystem Token ME
Magic Eden is launching a utility token, ME, to facilitate cross-chain trading on its platform. The token will support transactions across various blockchains and integrate with other decentralized apps.
5️⃣ WazirX Cancels Open Orders to Address INR and Crypto Balance Issues
WazirX canceled all open orders and returned assets to users, aiming to resolve balance issues. This follows a $230 million exploit and a halted recovery program, with speculation about North Korea's Lazarus Group being involved.
🔔 McDonald's Instagram account seemingly hacked to promote Solana token 'Grimace' !
McDonald's Instagram was hacked to promote a Solana memecoin called GRIMACE, which quickly rose to a $20 million market cap before crashing. The posts have since been deleted.
▶️ Check More Details Here:
https://www.theblock.co/post/312444/mcdonalds-instagram-account-seemingly-hacked-to-promote-solana-token-grimace
🔔 Dogs (DOGS) Farming Starts On Binance Launchpool From 23 Aug !
▶️ Token Info:
▪️Ticker: $DOGS
▪️Max Token Supply: 550B $DOGS
▪️Launchpool Rewards: 22B $DOGS (4% of total token supply)
▪️Initial Circulating Supply: 516.75B $DOGS (~93.95% of total token supply)
▶️ Staking Info:
▪️ Token staked: BNB, FDUSD
▪️ Farming period: 23 Aug ~ 25 Aug
▪️ Hourly Hard Cap per User:
▫️ BNB: 25,972,222.22 $DOGS
▫️ FDUSD: 4,583,333.33 $DOGS
▶️ Listing Info: Binance will list $DOGS on 26 Aug, 12:00 (UTC)
▶️ Check More Details Here :
https://www.binance.com/en/support/announcement/fc967d5825774984829b96943a42fadf
⚡️ News Flash - 17 Aug 2024 !
1️⃣ MicroStrategy's Bitcoin Holdings Match Theoretical Ether Profits Without Staking
MicroStrategy’s Bitcoin holdings have increased 61% in value to $13.4 billion. Although Ethereum was once considered a potentially better investment, its current value is only 63% higher than the company’s Bitcoin holdings.
2️⃣ Franklin Templeton Files S-1 for Crypto Index ETF Holding BTC and ETH
Franklin Templeton has filed for an ETF, ticker EZPZ, that will hold Bitcoin and Ether in a market-cap-weighted ratio and may include other cryptocurrencies in the future, pending regulatory approval.
3️⃣ WazirX Reinstates Balances Following Hack; Withdrawal Schedule Remains Unclear
WazirX has restored balances after a $234 million hack but hasn't yet set a date for resuming withdrawals. The platform is working on resolving INR and crypto balance issues.
4️⃣ Metalpha Transfers 10,000 ETH Worth $26M to Binance
Metalpha, a fund company affiliated with Bitmain, transferred 10,000 ETH (worth approximately $26 million) to Binance, according to Arkham. The company had previously applied to Lido to redeem the same amount of ETH.
5️⃣ Kaspersky Detects Fraud Campaign Targeting Crypto and Sensitive Data
Kaspersky has detected a global fraud campaign targeting Windows and macOS users, spreading malware to steal cryptocurrency and personal data. The campaign, likely run by Russian-speaking cybercriminals, exploits popular topics such as web3 and AI.
⚡️ News Flash - 15 Aug 2024 !
1️⃣ SEC Approves Leveraged Long MicroStrategy ETF
Defiance ETFs has launched MSTX, the first single-stock leveraged long ETF for MicroStrategy, providing 175% long daily targeted exposure to its stock (MSTR). This ETF aims to enhance leveraged Bitcoin exposure, as MicroStrategy holds approximately 226,500 bitcoins.
2️⃣ Uniswap Labs Launches $2.35 Million Auditing Competition
Uniswap Labs is launching a $2.35 million security competition for its upcoming v4 release, the largest prize in DeFi history. This initiative will fund independent audits of the new smart contracts and Universal Router system, which allows swaps between ERC-20 tokens and NFTs.
3️⃣ Binance Labs Invests in MyShell During Incubation Season 6
Binance Labs has invested in MyShell, a decentralized AI ecosystem that enables users to build, own, and share AI applications. This investment is part of Binance Labs Incubation Season 6, aiming to integrate diverse talents and open-source models to advance the Crypto x AI future.
4️⃣ Chaos Labs Raises $55M for On-Chain Risk Management
Chaos Labs raised $55 million in Series A funding led by Haun Ventures. The New York startup, which provides on-chain risk management for DeFi, plans to expand its platform.
5️⃣ Binance Registers with India's Financial Intelligence Unit Months After Fines
Binance has completed its registration with India's Financial Intelligence Unit (FIU-IND), enabling full access to its services in India. This follows a $2.2 million fine for previously operating without authorization.
⚡️ News Flash - 13 Aug 2024 !
1️⃣ FBI Refuses to Confirm or Deny Existence of Satoshi Records
The FBI's FOIA response on Satoshi Nakamoto neither confirms nor denies having records. Journalist Dave Troy plans to appeal, noting the FBI's implication of Satoshi as a "third party individual."
2️⃣ Possible BitGo Wallet Moves $2 Billion in Mt. Gox Bitcoin, Arkham Data Reveals
A wallet holding over $2 billion from Mt. Gox moved most of its funds to another wallet on Tuesday. Arkham Intelligence suggests this wallet might belong to BitGo and could signal the final distribution phase for Mt. Gox creditors.
3️⃣ Coinbase Re-Enters Hawaii Market Following State's Hands-Off Approach
Hawaii residents can now access Coinbase again due to recent regulatory changes. Coinbase had previously left the state in 2017 over stringent licensing requirements.
4️⃣ Kamala Harris Might Continue Biden’s Crypto Crackdown
Vice President Kamala Harris plans to continue the Biden administration's strict stance on cryptocurrency regulation, working with advisers known for opposing lenient crypto legislation.
5️⃣ $1.6 Billion Port Investment May Resurrect El Salvador’s Bitcoin City Project
Turkish firm Yilport Holdings is investing $1.6 billion in two El Salvador ports, Acajutla and La Unión, in a historic move. This deal could advance the Bitcoin City project, with Yilport and CEPA managing the ports together for 50 years.
⚡️ News Flash - 12 Aug 2024 !
1️⃣ Former BOJ Board Member Predicts Unlikelihood of Additional Rate Hike This Year
The Bank of Japan is expected to hold off on further interest rate hikes this year after recent increases triggered market turmoil and disrupted the yen carry trade. Former BOJ board member Makoto Sakurai indicates no additional hikes are likely until at least March.
2️⃣ Canto to Resume Network Operations Following Outage Due to 'Consensus Issue'
Canto's Layer-1 blockchain suffered an outage post-"Callisto" upgrade, halting transactions due to a consensus issue. An upgrade is scheduled for Monday to address it. The blockchain reassures users that funds are safe.
3️⃣ Venezuela Restricts Binance and X in Response to Presidential Election Dispute
Venezuela's government has blocked access to Binance, social media platform X, and other online services amid unrest over disputed presidential election results. Local anti-censorship group VE sin Filtro reported a DNS block affecting Binance's website and app, with other sites also facing restrictions.
4️⃣ Ethereum Median Gas Price Reaches 5-Year Low
Ethereum’s median gas fees have dropped to a five-year low, hitting 1.9 gwei on Aug. 10, down nearly 98% from the March high of 83.1 gwei. Low-priority transactions on Aug. 12 were priced at 1 gwei or about seven cents. The decrease is attributed to increased activity on layer-2 networks.
5️⃣ Binance to Delist CVP, EPX, FOR, LOOM, REEF, and VGX Tokens
Binance will delist trading pairs for CVP, EPX, FOR, LOOM, REEF, and VGX on August 26, 2024. Deposits will be stopped on August 27, and withdrawals will end on November 26. Tokens will be converted to USDC, with conversion details to follow.
⚡️ News Flash - 10 Aug 2024 !
1️⃣ Gemini Calls on CFTC to Withdraw Proposed Rule on Event Contracts
Gemini has called on U.S. regulators to withdraw a proposed rule that would ban event contracts on decentralized prediction markets, citing potential negative impacts on forecasting markets, including those related to elections.
2️⃣ Adidas Teams Up with Doodles for Virtual Swag Packs and Exclusive Physical Apparel
Adidas has teamed up with Ethereum's Doodles to sell virtual swag packs that offer potential access to exclusive physical apparel. The packs are available until August 16, ranging from $4.99 to $374.99.
3️⃣ SEC and Ideanomics Reach Settlement Over Crypto Revenue Reporting Fraud Charges
The SEC has settled fraud charges with Ideanomics over misleading financial reporting between 2017 and 2019, including false claims about revenue from crypto assets.
4️⃣ Tax Lawyer David W. Klasing Indicates IRS is Closing In on Crypto Tax Cheats
Tax lawyer David W. Klasing warns that the IRS expects a rise in cryptocurrency tax evasion and is collaborating with blockchain firms to enhance tracking and enforcement.
5️⃣ Pump.fun to Compensate Users for Successful Meme Coin Creation
Pump.fun has removed the 0.02 SOL fee for launching tokens, now rewarding successful launches with 0.5 SOL ($79). The platform, which creates up to 18,000 tokens daily, aims to encourage more token creation.
⚡️ News Flash - 08 Aug 2024 !
1️⃣ Robinhood Sees 161% Increase in Q2 Crypto Revenues as Trading Volume Hits $21.5 Billion
Robinhood's Q2 earnings showed significant growth in crypto revenues, reaching $81 million—up 161% year-on-year. Crypto trading volume surged 137% to $21.5 billion, though it dropped from $36 billion in Q1 2024. Options trading remained the largest revenue source, generating $327 million.
2️⃣ Core Scientific Reports $805 Million Net Loss for Q2
Core Scientific's Q2 2024 net loss surged to $804.9 million due to $796 million in non-cash adjustments. Bitcoin mining revenue rose to $141.1 million, while debt dropped by 60% after debt conversions.
3️⃣ New York Judge Sanctions $12.7 Billion Settlement Between FTX, Alameda, and CFTC
A New York judge has approved FTX and Alameda Research's settlement to pay $12.7 billion to creditors, resolving a 20-month lawsuit from the CFTC.
4️⃣ Metaplanet Obtains 1 Billion Yen Loan to Acquire Additional Bitcoin
Japanese firm Metaplanet has secured a ¥1 billion ($6.8 million) loan from shareholder MMXX Ventures at a 0.1% annual interest rate to buy more Bitcoin. The loan has a six-month term and will be repaid in a lump sum.
5️⃣ Nexera Burns 32.5 Million Stolen NXRA Tokens After Hack
Nexera, a DeFi protocol, has burned 32.5 million NXRA tokens affected by a recent hack to improve security and address the incident. The tokens have been permanently removed from circulation, according to PeckShieldAlert.
🔔 JUST IN: Judge Orders Ripple to Pay $125M in Penalties, Ending Four-Year Battle with SEC !
Judge Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws, concluding a nearly four-year legal battle with the SEC. The SEC had originally sought a $2 billion penalty.
▶️ Check More Details Here:
https://twitter.com/EleanorTerrett/status/1821276946921345341
🔔 Binance Labs Backs Solayer, Solana Restaking Protocol !
Binance Labs has invested in Solayer, a Solana restaking protocol, as part of its broader focus on crypto staking and restaking. This investment follows recent support for similar projects across Ethereum, Bitcoin, and Berachain ecosystems.
▶️ Check More Details Here:
https://www.binance.com/en/blog/ecosystem/1538252395823419824
🔔 Bitcoin Falls Below $50,000, Currently Trading at $50,293 !
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