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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.
🔔 Consensys Faces SEC Lawsuit Over MetaMask Swaps and Staking Services !
The U.S. Securities and Exchange Commission has sued Consensys for failing to register as a broker through its MetaMask swaps and staking services. The SEC claims Consensys engaged in unregistered securities sales via its staking programs and collected over $250 million in fees. The complaint also labels Lido and RocketPool's staking services as securities.
▶️ Check More Details Here:
https://storage.courtlistener.com/recap/gov.uscourts.nyed.517222/gov.uscourts.nyed.517222.1.0.pdf
🔔 Jesse Powell, the founder of Kraken, has donated $1 million to Donald Trump !
Kraken founder Jesse Powell announced a $1 million donation to Donald Trump's campaign, citing Trump's pro-crypto stance. Powell criticized the Biden administration's regulatory approach, which he believes weakens U.S. competitiveness in crypto. Powell, who stepped down as CEO in 2022, still serves as Kraken's chairman.
▶️ Check More Details Here:
https://x.com/jespow/status/1806569144294556146
⚡️ News Flash - 27 Jun 2024 !
1️⃣ MegaETH Labs, Developer of 'Real-Time' Blockchain, Raises $20M Led by Dragonfly
MegaETH Labs raised $20 million in a seed round led by Dragonfly Capital for its "real-time" Ethereum scaling protocol. Investors included Vitalik Buterin, Joseph Lubin, and others.
2️⃣ CleanSpark Purchases Bitcoin Miner GRIID for $155 Million
CleanSpark is purchasing GRIID Infrastructure for $155 million, securing 20 MW of production power and aiming for 100 MW in Tennessee by year-end, with a 2026 target of 400 MW.
3️⃣ Coinbase Alleges U.S. SEC and FDIC Improperly Blocked Document Requests
Coinbase is suing U.S. regulators over Freedom of Information Act requests related to SEC documents on token classifications. Its contractor, History Associates, is also suing the FDIC over letters to financial firms about pausing crypto activities.
4️⃣ Crypto Losses from Hacks and Scams Reach $573 Million in Q2: Immunefi
In Q2 2024, the crypto industry suffered $572.7 million in losses from 72 hacking incidents, with centralized finance (CeFi) being the primary target, accounting for 70% of the total losses.
5️⃣ Taiwanese Singer Nine Chen Faces Prosecution Over Alleged JPEX Fraud
Popular singer Nine Chen has been sent to prosecutors over suspicions of fraud related to Hong Kong's JPEX exchange, allegedly receiving 320,000 USDT to promote the exchange in Taiwan.
🔔 Breaking: VanEck Files for First Solana Exchange-Traded Fund (ETF) in the US !
▶️ Check More Details Here:
https://x.com/vaneck_us/status/1806313337866645783
🔔 Teleport Dao Announces TGE & Listing on 27 June !
Teleport DAO has announced its native token $TST token generation event and listing scheduled for 27 June. The $TST token will be listed on Bybit, Kucoin, Gate, and Bitget. the public price of $TST token is $0.075. The fully diluted valuation (FDV) is $75 million, and the total supply is 1 billion $TST tokens.
Teleport DAO enables trustless connections from Bitcoin to EVM chains and Bitcoin Layer 2 solutions through a light-client bridge. With over $55 million in on-chain volume and $12 million raised, it supports cross-chain applications and message transfers, positioning itself as a leader in the Bitcoin ecosystem.
▶️ Check More Details Here:
https://x.com/teleport_dao/status/1805979303307252117
▶️ Project Socials:
Website | Twitter | Telegram
🔔 US Government Transfers 3,940 BTC ($243M) from Silk Road Hack to Coinbase Prime !
▶️ Check More Details Here:
https://x.com/arkhamintel/status/1806012299494273149
🔔 German Government Transfers $15 Million in Bitcoin to Bitstamp and Kraken, According to Arkham !
According to Arkham the German government transferred approximately 250 BTC (worth $15.4 million) to cryptocurrency exchanges Bitstamp and Kraken. This follows a series of transactions totaling around $150 million sent to known crypto exchange addresses over the past week. The reasons for these transfers by the German government have not been officially clarified.
▶️ Check More Details Here:
https://platform.arkhamintelligence.com/explorer/entity/germany
⚡️ News Flash - 25 Jun 2024 !
1️⃣ Man Convicted of Violent Robberies for Cryptocurrency
Remy St Felix, convicted for leading a violent cryptocurrency robbery ring, faces up to life in prison after orchestrating home invasions targeting crypto owners across several states from 2022 to 2023.
2️⃣ Conduit Raises $37 Million in Funding Round Co-Led by Paradigm and Haun Ventures
Conduit, a crypto infrastructure firm, secures $37 million to advance blockchain technology for customizable and reliable Layer 2 rollups, fostering on-chain product development.
3️⃣ Former Fintech CEO Sentenced to 3.75 Years for Price Manipulation
Former Hydrogen Technology CEO Michael Kane sentenced to 45 months for crypto price manipulation scheme, marking first federal ruling on crypto as security fraud. Shane Hampton, former head of financial engineering, gets 35 months.
4️⃣ Gensler: Ether ETF Approval Process Going 'Smoothly'
SEC Chair Gary Gensler noted that the launch process for a spot Ethereum ETF is "going smoothly," highlighting the need for complete disclosures from asset managers.
5️⃣ Ava Protocol, an EigenLayer AVS Acquires Blockchain Data Startup Openstory
Ava Protocol has acquired Openstory, a blockchain data startup, with founder Vinh Nguyen joining as systems architect. Financing included Ava Protocol's AP tokens, concluding a deal initiated last year.
🔔 SEC Charges Meta Materials and Ex-CEOs with Fraud and Market Manipulation !
The SEC has charged Meta Materials Inc. and its former CEOs, John Brda and George Palikaras, with market manipulation, raising $137.5 million by artificially inflating stock prices through a "short squeeze" scheme. Meta Materials settled with a $1 million penalty, while litigation against Brda and Palikaras continues, seeking permanent injunctions, penalties, and disgorgement.
▶️ Check More Details Here:
https://www.sec.gov/news/press-release/2024-77
🔔 Bubblemaps: Jason Derulo Sold His JASON Tokens Despite Public Assurances !
Jason Derulo sold thousands of dollars worth of his crypto token JASON despite claims he "WILL NEVER SELL," according to Bubblemaps. The token saw a price pump and dump after Derulo shared it on June 23. Bubblemaps alleges Derulo and co-creator Sahil Arora profited significantly, contradicting Derulo's public statements.
▶️ Check More Details Here:
https://x.com/bubblemaps/status/1805374580501946852
🔔 Louisiana Enacts Crypto Law Safeguarding Node Operators and Prohibiting CBDCs !
Louisiana has amended its legislation to ban central bank digital currencies (CBDCs) and set rules for miners and node operators. Effective August 2024, the law prohibits the state from participating in CBDC tests and mandates that foreign-owned mining companies divest their interests within a year, with penalties for noncompliance up to $1 million or 25% of their stake.
▶️ Check More Details Here:
https://legiscan.com/LA/text/HB488/id/3006883
▶️ JUST IN: Mt. Gox Trustee Announces Bitcoin and Bitcoin Cash Repayments to Begin from July 2024 !
https://www.mtgox.com/img/pdf/20240624_announcement_en.pdf
🔔 Japanese Firm Metaplanet Inc. Plans to Purchase $6.3 Million in Bitcoin via Bond Issuance !
Japanese investment firm Metaplanet Inc.'s stock rose over 12% on Monday after announcing plans to buy 1 billion yen ($6.26 million) worth of bitcoin using funds from an upcoming bond issuance. The bonds, with a 0.5% annual interest rate, will mature on June 25, 2025.
▶️ Check More Details Here:
https://contents.xj-storage.jp/xcontents/33500/be5f5cac/3cbe/445b/9890/15ba01b5994d/140120240620533309.pdf
🔔 MakerDAO Delegate Loses $11M in Tokens to Phishing Scam !
A MakerDAO governance delegate lost $11 million in Aave Ethereum (aEthMK) and Pendle USDe tokens due to a phishing scam. Scam Sniffer detected the incident on June 23, revealing the user had signed multiple phishing signatures, leading to the loss of their assets.
▶️ Check More Details Here:
https://x.com/realScamSniffer/status/1804708942981091516
🔔 Mark Cuban Claims Gmail Hack Following Hoax Call !
Billionaire Mark Cuban lost access to his Gmail account after falling for a hoax call posing as Google support. This follows a recent hack where he lost over $800,000 from his crypto wallet. Cuban warned his followers about emails from his account after the incident.
▶️ Check More Details Here:
https://x.com/mcuban/status/1804662216656114110
🔔 Fake Phantom wallet in iOS App Store scams users, drains funds !
A fake Phantom wallet app on the Apple Store mimics the legitimate version, deceiving users into revealing private keys and draining assets upon account recovery. Despite poor reviews, it remains accessible, posing a significant risk to unsuspecting users.
▶️ Check More Details Here:
https://x.com/alex_fazel/status/1806607510582772104
🔔 T-Rex Files for 2X Leveraged MicroStrategy ETF !
Financial services firm T-Rex Group has filed for a leveraged MicroStrategy (MSTR) ETF in the U.S. Analyst Eric Balchunas described it as a "ghost pepper" ETF due to its potential volatility, which could be around 20 times that of the S&P 500.
▶️ Check More Details Here:
https://x.com/EricBalchunas/status/1806436903119671763
🔔 Galaxy Digital Predicts Up to $7.5 Billion Inflow into ETH ETFs Within First Five Months !
Galaxy Digital predicts that Ethereum (ETH) exchange-traded funds (ETFs) could soon become a multi-billion dollar market after SEC approval. Analysts expect the first approvals next week. Charles Yu, Galaxy's VP of Research, forecasts inflows of $3 billion to $7.5 billion in the first five months, following the success of Bitcoin ETFs. Yu believes ETH ETFs will boost market adoption and legitimacy among institutional investors and regulators.
▶️ Check More Details Here:
https://www.theblock.co/post/302396/galaxy-digital-sees-up-to-7-5-billion-flowing-into-eth-etfs-within-first-five-months
🔔 JPMorgan: Mt. Gox Creditors Likely to Sell Bitcoin Receivables Next Month !
Defunct crypto exchange Mt. Gox will start distributing bitcoin repayments to creditors next month. These creditors are expected to sell part of their bitcoin receivables, initially pressuring the market. However, JPMorgan analysts anticipate a recovery beginning in August.
▶️ Check More Details Here:
https://www.theblock.co/post/302217/jpmorgan-mt-gox-bitcoin
🔔 Crypto Firm Abra Settles with State Regulators Over Unlicensed Mobile App !
Crypto firm Abra has settled with 25 state regulators for operating without proper licenses, agreeing to cease crypto transactions for U.S. customers and return $82 million. Investigations found Abra operated without required licenses. The settlement waives penalties to prioritize customer repayment.
▶️ Check More Details Here:
https://www.csbs.org/newsroom/state-financial-regulators-settle-abra-return-cryptocurrency-assets
🔔 Bitstamp Removes Euro Tether Due to New MiCA Regulations !
Bitstamp will delist Tether's euro-pegged stablecoin, Euro Tether (EURT), by the end of June to comply with Europe's Markets in Crypto-Assets Regulation (MiCA), effective June 30.
▶️ Check More Details Here:
https://blog.bitstamp.net/post/bitstamp-confirms-changes-to-accord-with-mica-regulation/
🔔 Cardano Unaffected by Unsuccessful DDoS Attack on Staked ADA !
Cardano successfully mitigated a DDoS attack aimed at stealing staked tokens, with no significant network impact. The attack, involving multiple smart contracts, was halted after a developer's post revealed a vulnerability, leading to the attacker losing their funds.
▶️ Check More Details Here:
https://x.com/phil_uplc/status/1805672403822870776
🔔 FTX Customers to Cast Votes on Multi-Billion Dollar Repayment Proposal !
FTX customers will vote on a Chapter 11 plan to compensate victims and resolve penalties from the exchange's collapse, following approval from Judge John Dorsey.
▶️ Check More Details Here:
https://www.bloomberg.com/news/articles/2024-06-25/ftx-customers-to-vote-on-multi-billion-dollar-repayment-plan
🔔 Strike Bitcoin Payments App Expands to the UK After Successful European Rollout !
Strike, the Bitcoin payments app, has launched in the U.K., enabling users to buy, sell, and withdraw funds in Bitcoin or sterling. This expansion follows recent launches in Europe and Africa. Strike now operates in over 100 countries, using Bitcoin's Lightning Network for quick, cost-effective transfers. The U.K.'s significant market presents major opportunities for Bitcoin adoption, with regulatory compliance ensured by Engelbert, a Financial Conduct Authority-registered firm.
▶️ Check More Details Here:
https://strike.me/blog/announcing-strike-uk/
🔔 Jump Crypto President Kanav Kariya Resigns !
Kanav Kariya, president of Jump Crypto, announced his resignation amid a CFTC investigation. In a June 24 social media post, Kariya expressed his intention to focus on personal relationships and reading while seeking his next venture, reflecting on his eventful tenure at the firm.
▶️ Check More Details Here:
https://x.com/KanavKariya/status/1805245324610371761
🔔 CoinShares Gains 116% Return from Selling FTX Claim !
CoinShares International, a European digital asset investment company, announced the successful sale of its FTX claim. The agreement, pending customary closing conditions, will yield a 116% recovery rate net of broker fees. This results in a return of £31.32 million ($39.78 million) on a £26.6 million ($33.78 million) claim.
▶️ Check More Details Here:
https://www.prnewswire.com/news-releases/coinshares-announces-successful-sale-of-ftx-claim-302179430.html
🔔 Bithumb to Launch CORE Korean Won Trading Pairs Today !
Bithumb, South Korea's second-largest exchange, is launching CORE Korean won trading pairs today. Coinbase also listed CORE on June 22. Bitcoin holders can earn staking rewards by participating in Core's consensus mechanism.
▶️ Check More Details Here:
https://feed.bithumb.com/notice/1644880
🔔 Michael Saylor Claims Bitcoin Offers 'Economic Immortality,' Predicts $10M per Coin !
Michael Saylor, executive chairman and co-founder of MicroStrategy, recently claimed in an 84-minute podcast interview that Bitcoin will reach $10 million per coin and that China will eventually support the cryptocurrency.
▶️ Check More Details Here:
https://x.com/saylor/status/1804867203075866731
🔔 EigenLayer Strengthens EigenDA Security to Prevent Sybil Attacks !
EigenLayer has added a whitelist security feature to its EigenDA service on Ethereum to prevent Sybil and DDoS attacks. It uses IP addresses or ECDSA authentication for enhanced security.
▶️ Check More Details Here:
https://x.com/eigen_da/status/1804630133426253971
🔔 CoinStats Urges Users to Move Funds from Platform-Created Wallets After Security Incident !
CoinStats, an app for managing crypto portfolios, has urged users to migrate their funds following a security incident. The platform noted that wallets created within CoinStats were affected, not externally connected ones. Users received scam notifications about a giveaway. CoinStats has taken its platform offline and is investigating the issue.
▶️ Check More Details Here:
https://x.com/CoinStats/status/1804604741197893739