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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.
🔔 JUST IN: Mt. Gox Trustee Started Repayment to Creditors !
On July 5, 2024, the Mt. Gox Trustee started repaying creditors in Bitcoin and Bitcoin Cash via designated exchanges. Further repayments will follow after completing account validations and discussions with exchanges. Creditors are asked to be patient.
▶️ Check More Details Here:
https://www.mtgox.com/img/pdf/20240705_announcement_en.pdf
🔔 KuCoin Adds 7.5% Tax for Nigerian Users Due to 'Regulatory Update' !
Nigeria's cryptocurrency sector is undergoing regulatory changes, highlighted by KuCoin's introduction of a 7.5% VAT on transaction fees starting July 8, 2024. This move aligns with the 2023 capital gains tax on digital assets. The Securities and Exchange Commission's call for crypto businesses to re-register aims to formalize the industry, potentially influencing investor sentiment and market operations in Africa's leading crypto market.
▶️ Check More Details Here:
https://x.com/KuCoinAfrica/status/1808460272807399650
🔔 Justin Sun Proposes $2 Billion Bitcoin Purchase from Germany to 'Minimize' Market Impact !
Tron founder Justin Sun has offered to buy $2.3 billion in seized Bitcoin from the German government off-market to prevent further market disruption. Recent transfers by Germany caused Bitcoin's price to drop to $56,892.53.
▶️ Check More Details Here:
https://x.com/justinsuntron/status/1808828661401072092
🔔 SEC Seeks Dismissal of Retailer's Crypto Lawsuit Over 'Phantom' Policy !
The SEC has asked a judge to dismiss a lawsuit from Beba and the DeFi Education Fund, which seeks to confirm that Beba's token airdrop is not a security. The SEC argues the suit is premature and based on a non-existent policy, as Beba and DEF failed to cite any official SEC rule or action.
▶️ Check More Details Here:
https://cointelegraph.com/news/sec-claims-preemptive-airdrop-suit-used-phantom-crypto-policy
🔔 Authy 2FA App Leak Exposes Phone Numbers, Potentially Enabling Text Phishing !
Hackers accessed the Authy Android app database, exposing user phone numbers, according to Twilio. While accounts remain secure, users are advised to be cautious of potential phishing attacks. Authy, used for two-factor authentication on platforms like Gemini and Binance, has addressed the breach and ensured that authenticator codes are unaffected. The ShinyHunters group is suspected of the attack.
▶️ Check More Details Here:
https://www.twilio.com/en-us/changelog/Security_Alert_Authy_App_Android_iOS
🔔 CoinDCX Acquires Dubai-Based Crypto Platform BitOasis !
Indian crypto exchange CoinDCX has acquired BitOasis, expanding into the MENA region. This move supports BitOasis' regional growth following its licenses in Bahrain and the UAE. CoinDCX, with over 15 million users, did not disclose the acquisition amount.
▶️ Check More Details Here:
https://x.com/CoinDCX/status/1808463199924347367
🔔 Aave Protocol Launches GHO Stablecoin on Arbitrum !
Following a vote from the Aave DAO, the GHO stablecoin has been deployed on the Arbitrum network. The DAO plans to launch GHO on multiple networks over time, starting with Arbitrum due to its low transaction costs and increased throughput. This phased rollout is aimed at ensuring security and effective risk management.
▶️ Check More Details Here:
https://www.prnewswire.com/news-releases/aaves-gho-stablecoin-now-live-on-arbitrum-powered-by-chainlink-ccip-302187549.html
🔔 SEC vs. Binance: Court Declares BNB Sales and Cryptocurrencies Not Securities !
A U.S. federal court ruled that cryptocurrencies and secondary sales of Binance’s BNB token are not securities. Judge Amy Berman Jackson found the SEC failed to prove BNB purchasers expected profits, a key part of the Howey test. This decision is a significant win for Binance amid increased regulatory scrutiny post-FTX collapse.
▶️ Check More Details Here:
https://www.binance.com/en/blog/regulation/us-federal-judge-rejects-main-claims-by-sec-against-binance-6713897865359416262
🔔 SEC Charges Silvergate Capital and Executives for Misleading Investors on Compliance and Losses !
The SEC charged Silvergate Capital, former CEO Alan Lane, and former CRO Kathleen Fraher with misleading investors about their BSA/AML compliance and monitoring of crypto customers, including FTX. Silvergate and former CFO Antonio Martino were also charged with misleading investors about losses from expected securities sales after FTX’s collapse. All parties, except Martino, have agreed to settle.
▶️ Check More Details Here:
https://www.sec.gov/newsroom/press-releases/2024-82
🔔 Navaix $NAV To Be Listed on Uniswap !
Navaix announces that its native token $NAV will be listed on 2 July on Uniswap. The total Supply of $NAV token is 33 Million.
NAVAIX simplifies decentralized exchanges (DEX) with AI, offering a multichain ecosystem that integrates EVM and Non-EVM chains for seamless, low-latency trading. Its design reduces Extractable Value (MEV) on Ethereum L1 and enables fast transactions. The AI-Enhanced Perp DEX aims to provide high trading efficiency and optimal returns for users of all ages and financial capacities.
▶️ Check More Details Here:
https://x.com/NAVAIX_xyz/status/1807430680365986109
▶️ Project Socials:
Website | X | Telegram
🔔 Binance Adds Monitoring Tags to 11 Tokens, Warns of Potential Delisting; Removes Tags from Enzyme (MLN) and Horizon (ZEN) !
Binance has added monitoring tags to Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT), and Sun (SUN), indicating potential delisting. Enzyme (MLN) and Horizon (ZEN) have been removed from the monitoring tag.
▶️ Check More Details Here:
https://www.binance.com/en/support/announcement/782b121c462b499487dc8f20e0edc6b2
🔔 Nigeria Encouraged to Implement Crypto Regulations Similar to Europe's MiCA !
Nigeria's crypto community commends Europe's MiCA stablecoin rules, urging ECOWAS to adopt similar regulations to protect local currencies. Analyst Obinna Uzoije highlighted potential benefits for member states in an interview with Cointelegraph.
▶️ Check More Details Here:
https://cointelegraph.com/news/ecowas-crypto-regulations-inspired-by-mica
🔔 Vitalik Buterin Claims Crypto Regulations Have Resulted in 'Anarcho-Tyranny' !
Ethereum co-founder Vitalik Buterin criticized U.S. crypto regulations on Warpcast, stating they favor dubious projects while penalizing transparent ones. He termed this situation an "anarcho-tyranny," which he believes is more detrimental to the crypto space than either complete anarchy or strict regulation.
▶️ Check More Details Here:
https://warpcast.com/vitalik.eth/0xda1c0058
🔔 Hong Kong Regulator Issues Fraud Alert for Three Exchanges !
The Hong Kong Securities and Futures Commission (SFC) has issued warnings about three entities—Tokencan, VBIT Exchange, and HKD.com Corporation—suspected of fraud and operating without licenses. These companies allegedly deceived investors and created difficulties with asset withdrawals. The SFC has taken enforcement actions and urges investors to use only licensed trading services.
▶️ Check More Details Here:
https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR113
🔔 Court Permits Majority of SEC Claims to Proceed in Binance Lawsuit !
A U.S. court has allowed most SEC claims against Binance, including issues with its staking program, BNB ICO, and anti-fraud violations. Claims against former CEO Changpeng Zhao will also proceed, but those related to BNB secondary market sales and Binance USD (BUSD) sales were dismissed.
▶️ Check More Details Here:
https://www.courtlistener.com/docket/67474542/248/securities-and-exchange-commission-v-binance-holdings-limited/
🔔 JUST IN: Bitcoin fells below $54,000, Made Daily Low of 53,329 !
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🔔 German MP Urges Government to Cease Bitcoin Sales !
Joana Cotar, an independent Bundestag member, urged the German government to stop its Bitcoin sales, calling them "counterproductive." She invited officials to a lecture with Bitcoin evangelist Samson Mow on Oct. 17.
▶️ Check More Details Here:
https://x.com/JoanaCotar/status/1808888782738911614
🔔 Bitcoin Liquidations Reach $91.7 Million, Including $78 Million in Long Positions !
Over $91.7 million in leveraged Bitcoin positions were liquidated in the past 24 hours, raising concerns of a potential correction to $50,000. The liquidations, mostly long positions, followed three days of price declines from over $62,000 on July 2 to a low of $56,930 on July 4. Bitcoin has since rebounded to above $57,900 but remains down over 4.5% for the day.
▶️ Check More Details Here:
https://www.coinglass.com/LiquidationData
🔔 BitMEX Introduces Memecoin Basket Index Tracking Top 10 Memecoins !
BitMEX has launched the MEMEMEXTUSDT Basket Index Perpetual Swap Contract, offering traders exposure to the top 10 memecoins with up to 25x leverage. This contract simplifies trading by combining multiple memecoins into one instrument, similar to the S&P 500, and is rebalanced monthly for optimal performance.
▶️ Check More Details Here:
https://x.com/BitMEX/status/1808712735213171029
🔔 Federal Court Orders Oregon Man to Pay $83 Million in Restitution for Fraud Victims !
A federal judge ruled in favor of the CFTC against Sam Ikkurty and his companies for running a Ponzi scheme, ordering over $120 million in restitution and disgorgement. Ikkurty misled investors about profits from digital assets and misappropriated funds via a carbon offset program. The CFTC warns that recovery of lost funds may be difficult.
▶️ Check More Details Here:
https://www.cftc.gov/PressRoom/PressReleases/8931-24
🔔 Bittensor's TAO Drops 15% Following $8M Wallet Drain Attack !
Bittensor halted its blockchain after an attack drained $8 million from a user wallet, causing a 15% drop in TAO token prices. The chain is now in "safe mode," producing blocks but not processing transactions, with the latest transactions around 23:00 UTC on Tuesday.
▶️ Check More Details Here:
https://x.com/shibshib89/status/1808306071263760612
🔔 Texas Judge Fast-Tracks SEC Case Against Consensys !
A Texas judge has scheduled the SEC's case against Consensys, with proceedings set between July 29 and November 26. A decision could come by the end of 2024 or early 2025. Consensys lawyer Bill Hughes noted the expedited consideration of whether the SEC can regulate MetaMask as a securities broker and issuer.
▶️ Check More Details Here:
https://x.com/BillHughesDC/status/1808141882762891747
🔔 South Korean Exchanges Set to Reassess 1,300 Tokens Using Updated Standards !
South Korea's 20 crypto exchanges have established a new code of conduct, reevaluating over 1,300 cryptocurrencies. Starting July 19, the self-regulatory standards will coincide with South Korea’s crypto investor protection framework. Exchanges must now assess new tokens based on strict requirements and establish independent decision-making bodies for listings, maintaining records for 15 years to ensure transparency.
▶️ Check More Details Here:
https://www.theblock.co/post/303082/south-korean-exchanges-to-reexamine-tokens
🔔 Uniswap Wallet Partners with Transak to Offer Fiat On-Ramping Services !
Transak has partnered with Uniswap Labs to enable fiat purchases of crypto directly in the Uniswap Wallet. This integration aims to simplify access to decentralized finance (DeFi) for users in over 160 countries by supporting various payment methods like Apple Pay, Google Pay, and credit/debit cards.
▶️ Check More Details Here:
https://x.com/TheBlock__/status/1807776196131754104
🔔 Mark Cuban Offloads Part of His NFT Collection, with One Selling for Over $30,000 !
Mark Cuban has sold part of his NFT collection for the first time in two years, making over $39,000. From June 22 to June 24, he sold several NFTs on OpenSea, including a Pudgy Penguin NFT for $30,950. He is also selling other NFTs, such as his #MFFL Hashtag NFT for 15 ETH (about $52,043) and his Deuteronomy 25:4 Bible NFT for 5 ETH (around $17,347). Cuban still holds nearly 1,600 items in his cryptocurrency portfolio.
▶️ Check More Details Here:
https://www.cnbc.com/2024/07/01/mark-cuban-is-selling-a-portion-of-his-nfts.html
🔔 Sony Acquires Amber Japan, Enters Crypto Exchange Market !
Sony Group has entered the crypto exchange field by acquiring Amber Japan. This follows Amber Group's earlier acquisition of Japan's regulated crypto platform DeCurret. Amber Group faced difficulties after FTX's collapse, leading to a debt-to-equity transaction with Fenbushj. Amber Group's investors include Temasek, Sequoia China, Pantera, Tiger, and Coinbase.
▶️ Check More Details Here:
https://x.com/WuBlockchain/status/1807569214359969968
🔔 Vitalik Buterin's Ethereum Holdings Exceed $800 Million, Includes Investments in StarkNet !
The Arkham team revealed that Ethereum co-founder Vitalik Buterin's wallet holds over $800 million in ETH, largely from his initial Ethereum allocation of approximately 246,730 ETH. He has also invested in projects like StarkNet.
▶️ Check More Details Here:
https://x.com/ArkhamIntel/status/1807054751776854301
🔔 Meta's Prototype 'Full Holographic' Glasses Could Revolutionize Web3 !
Meta's Mark Zuckerberg predicts that smart glasses with holographic displays will eventually replace mobile phones. In an interview with YouTuber Kane "Kalloway" Sutter, he described these glasses, featuring cameras, microphones, speakers, and a full field-of-view holographic display, as Meta's most exciting future product.
▶️ Check More Details Here:
https://www.youtube.com/watch?v=m88OV10vRLA
🔔 SEC Returns S-1 Forms to Ethereum ETF Issuers, Another Review Round Expected !
The U.S. SEC has returned S-1 forms to prospective Ethereum ETF issuers with light comments, requiring revisions by July 8. This isn't the final filing, indicating at least one more round of submissions before the ETFs can start trading. "Never ceases to be a winding path," remarked a source.
▶️ Check More Details Here:
https://www.theblock.co/post/302687/sec-returns-s-1-forms-to-ethereum-etf-issuers-with-at-least-one-more-round-to-go-source
🔔 Farcaster Co-Founder Dan Romero Introduces In-App Payments with USDC Stablecoins !
Dan Romero, co-founder of Farcaster, introduced a new in-app payments feature for Warpcast using USDC. This simplifies crypto transactions by using human-readable Farcaster identities. Initially, it will operate on the Coinbase-built Base Ethereum scaling layer.
▶️ Check More Details Here:
https://x.com/dwr/status/1806774735109562789