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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.
🔔 Softbank CEO States Company's Goal is to Create 'Artificial Super Intelligence' !
Masayoshi Son, CEO of Softbank, predicted at the company's annual meeting in Tokyo on June 21 that AI will be one to 10 times smarter than humans by 2030 and 10,000 times smarter by 2035. His comments outlined Softbank's future priorities.
▶️ Check More Details Here:
https://www.cnbc.com/2024/06/21/softbank-ceo-predicts-ai-that-is-10000-times-smarter-than-humans-.html
🔔 Rapper 50 Cent Claims X Account Hacked, Resulting in $300M Rug Pull !
Rapper 50 Cent's X (formerly Twitter) account and website were hacked, leading to a cryptocurrency pump-and-dump scam that defrauded victims of $300 million. Hackers promoted the token "GUNIT" using his large following to inflate its price before crashing it. Jackson confirmed the hack and denied any association with the crypto scheme.
▶️ Check More Details Here:
https://www.instagram.com/50cent/p/C8fW3MrO46P/?hl=en&img_index=1
🔔 Fidelity Reveals $4.7 Million Seed Investment in Ethereum ETF: SEC Filing !
Fidelity has made a $4.7 million seed investment in its spot Ethereum ETF, according to a recent filing. FMR Capital, an affiliate of Fidelity, purchased shares in late May and June. The funds were used to buy 1,250 ether. The filing did not mention fees, aligning with other issuers except Franklin. Bloomberg's Eric Balchunas noted that firms might be waiting for BlackRock to disclose fees before setting their own.
▶️ Check More Details Here:
https://www.sec.gov/Archives/edgar/data/2000046/000119312524165322/d759655ds1a.htm
🔔 FCA Cracks Down on Suspects in $1.2B Illegal Crypto Asset Scheme !
The UK's Financial Conduct Authority (FCA) announced the arrest of two individuals suspected of running an illegal crypto asset exchange. The operation, allegedly handling over £1 billion ($1.2 billion USD) in unregistered crypto assets, led to raids where multiple digital devices were seized.
▶️ Check More Details Here:
https://www.fca.org.uk/news/press-releases/two-arrests-connected-suspected-illegal-cryptoasset-business
⚡️ News Flash - 20 Jun 2024 !
1️⃣ Kraken CEO Observes Biden Administration's 'Softening' Attitude Toward Crypto
Kraken CEO Dave Ripley noted on CNBC that the Biden Administration's stance on crypto is "softening," citing the bipartisan support for the recently passed Financial Innovation and Technology for the 21st Century Act (FIT21).
2️⃣ Winklevoss Twins Donate $2M to Trump, Accusing Biden of Waging War on Crypto
Gemini co-founders Cameron and Tyler Winklevoss have each pledged $1 million in Bitcoin to former President Donald Trump's reelection campaign, citing his pro-Bitcoin and pro-crypto stance. They criticized President Biden for being anti-crypto and called for the crypto community to support Trump.
3️⃣ German Government Deposits 1,700 BTC ($110.88M) into Coinbase, Kraken, and Bitstamp
The German Government recently transferred 200 BTC to Coinbase, valued at approximately $13.16 million. Yesterday, they also moved 1,500 BTC to Coinbase, Bitstamp, and Kraken.
4️⃣ BitFlyer Eyes Acquisition of FTX Japan, Reports NHK
BitFlyer is set to acquire FTX Japan, with plans to reposition it as a digital asset management or custody firm catering to institutional investors.
5️⃣ HectorDAO Files for Chapter 15 Bankruptcy Protection in the US
HectorDAO filed for Chapter 15 Bankruptcy due to market collapses, hacks, and financial losses, including a $2.7 million treasury hack.
🔔 US CFTC Investigating Jump Trading's Crypto Activities: Fortune !
The Commodity Futures Trading Commission (CFTC) is investigating Chicago-based trading firm Jump's crypto activities. Known for algorithmic trading, Jump faced a series of challenges in the crypto market and has since reduced its efforts, spinning off projects and opting out of the Bitcoin ETF race. Both the CFTC and Jump declined to comment.
▶️ Check More Details Here:
https://fortune.com/crypto/2024/06/20/cftc-jump-crypto-behnam-kanav-kariya-sec/
🔔 LayerZero Introduces New Claiming Mechanism: Proof-of-Donation !
LayerZero is introducing "Proof-of-Donation" instead of airdrops for its ZRO token distribution. Users can claim ZRO by donating $0.10 in USDC, USDT, or native ETH per token to Protocol Guild, supporting Ethereum's core developers. The claim process starts on June 20 at 11:00 am UTC and runs through September 20, with up to $18.5 million in donations expected. LayerZero Foundation will match donations up to $10 million. This approach aims to ensure long-term alignment and commitment to the LayerZero protocol.
▶️ Check More Details Here:
https://info.layerzero.foundation/zro-claim-6e37a81e9c2a
⚡️ News Flash - 19 Jun 2024 !
1️⃣ Jump Crypto Contributes $10M to Industry's Political War Chest, Boosting PAC to $169M
Jump Crypto added $10 million to a pro-crypto PAC, bringing its total to $15 million and the PACs' funding to nearly $169 million. The PACs aim to elect crypto-friendly Congress members. Recent votes on crypto legislation have clarified lawmakers' stances, aiding the PACs' efforts.
2️⃣ Crypto Community Supports Tornado Cash Developers with $2.3M Legal Fund
Following legal charges against Tornado Cash's founders for money laundering and other offenses, the crypto community formed JusticeDAO to support their legal defense. Over 654 Ether (approximately $2.3 million) has been raised via a decentralized fundraiser on Juicebox, with an additional 70 ETH through JusticeDAO's platform.
3️⃣ Bondex, a Crypto-Enabled LinkedIn Alternative, Raises Over $10 Million
Bondex, a web3 alternative to LinkedIn, has raised over $10 million in funding, including investments from Animoca Brands, Morningstar, Dext Force Ventures, iAngels, and others.
4️⃣ Bitwise Amends Ethereum ETF Filing, Pantera Shows Interest in $100M Purchase
Bitwise updated its Form S-1 for a spot Ether ETF, noting Pantera Capital's potential interest in purchasing up to $100 million in shares upon launch.
5️⃣ Iran Plans to Launch Public CBDC Pilot in June
The Central Bank of Iran (CBI) is launching a pilot of its national digital currency, the digital rial, starting June 21 on the island of Kish, targeting domestic micropayments and including banking customers and tourists.
🔔 Kraken Reveals $3 Million Exploit Due to Bug, Now Fixed !
Kraken revealed that nearly $3 million was stolen due to a bug-related exploit, which has now been fixed. The issue stemmed from a flaw in the UX design that allowed attackers to inflate their balances temporarily. No client assets were at risk.
▶️ Check More Details Here:
https://x.com/c7five/status/1803403565865771370
🔔 Binance Labs Invests in Rango to Boost Cross-Chain Swap and Bridge Capabilities !
Binance Labs has made an investment in Rango, a cross-chain DEX and bridge aggregator. Rango enhances interoperability across multiple blockchain ecosystems, fostering the expansion of DeFi.
▶️ Check More Details Here:
https://www.binance.com/en/blog/ecosystem/1359034037599198149?lang=en
🔔 US SEC Concludes Ethereum 2.0 Investigation: Consensys !
Consensys announced that the SEC has closed its investigation into Ethereum 2.0, marking a significant win for the blockchain industry. This means the SEC will not classify Ethereum sales as securities transactions. The decision follows Consensys' request after the approval of spot ether ETFs and their lawsuit challenging the SEC's classification of ether as a security.
▶️ Check More Details Here:
https://x.com/consensys/status/1803230653120659641
🔔 SEC Charges R.R. Donnelley & Sons Co. with Violations Related to Cybersecurity Controls !
The SEC announced that R.R. Donnelley & Sons Company (RRD) will pay over $2.1 million to settle charges related to cybersecurity incident disclosures and internal control failures in late 2021. RRD failed to effectively report cybersecurity incidents to management and respond to alerts promptly. Despite these shortcomings, RRD cooperated with the investigation and agreed to adopt enhanced cybersecurity measures.
▶️ Check More Details Here:
https://www.sec.gov/news/press-release/2024-75
🔔 Sen. Warren Warns Powell: 'Do Your Job' and Avoid Weakening Banking Regulations !
Sen. Elizabeth Warren accused Fed Chair Jerome Powell of favoring the financial industry by potentially reducing capital requirements for large banks under Basel III Endgame regulations. In a June 17 letter, Warren criticized Powell for allegedly intervening to dilute these rules after meetings with big bank CEOs.
▶️ Check More Details Here:
https://www.cnbc.com/2024/06/18/sen-elizabeth-warren-powell-basel-iii-endgame.html
🔔 Nansen: 41% of Leading ZK Airdrop Wallets Have Fully Sold Their Tokens !
Nearly half of the top wallets that received the new zkSync (ZK) token in the recent airdrop have sold their entire allocation, leading to a 34.5% drop in ZK's price. Blockchain analytics firm Nansen reports that 41% of tracked addresses sold all their tokens, 29.2% sold some, and 30% retained their ZK tokens. This analysis covers the top 10,000 addresses, representing 1.4% of the 695,232 eligible wallets.
▶️ Check More Details Here:
https://query.nansen.ai/public/dashboards/uHhTXjQbXiR6OCB1BXlmOAujStIPCfJdPleAknZa?org_slug=default
🔔 Ta-Da Launches Incentivized Social Media Engagement Feature !
Ta-da, a platform with experience in micro-tasking for AI companies, has introduced a new feature for social media engagement. Businesses can now utilize Ta-da to incentivize user actions like follows, likes, and reposts on their social media content. This feature aims to provide targeted engagement through user data, potentially leading to a more relevant audience for businesses.
Ta-da, a Web3 platform, facilitates the collection of voice data for training AI models. It connects businesses needing such data with individuals willing to record and verify their voices. Users earn tokens on the platform as a reward for their contributions.
▶️ Check More Details Here:
https://x.com/Ta_da_io/status/1802612287401820362
▶️ Project Socials:
Website | X | Telegram
🔔 Winklevoss Twins Receive Refund for Surpassing Bitcoin Donation Limit to Trump !
The Winklevoss twins, founders of Gemini, were refunded after their bitcoin donations to Donald Trump's campaign exceeded federal limits. The excess amount was returned to them, as reported by Bloomberg, citing an anonymous campaign official.
▶️ Check More Details Here:
https://www.bloomberg.com/news/articles/2024-06-21/winklevoss-twins-refunded-after-trump-crypto-gift-exceeded-limit?embedded-checkout=true
⚡️ News Flash - 21 Jun 2024 !
1️⃣ Pantera Capital Raising Funds for Second Investment in TON Token
Pantera Capital is raising funds to increase its investment in the TON token, following its largest investment in the token earlier this year. This move underscores the venture capital firm's strong confidence in the TON ecosystem.
2️⃣ McKinsey Projects $2T in Tokenized RWAs by 2030, Says Broad Adoption 'Still Far Away'
McKinsey projects the tokenized assets market could reach up to $4 trillion by 2030, but adoption is slow. This contrasts with more optimistic forecasts from other firms.
3️⃣ US Lawmakers Advocate for Release of Binance Exec Tigran Gambaryan from Nigerian Prison
U.S. lawmakers demand immediate release of Binance executive Tigran Gambaryan from Nigerian prison due to severe health issues.
4️⃣ Nigerian SEC Introduces New Regulations and Compliance Framework for Digital Assets
The Nigerian SEC updates rules on digital asset issuance, offering platforms, exchanges, and custody to enhance regulatory framework for digital asset markets.
5️⃣ Fantom Commits $120M in FTM Tokens for Sonic Migration
The Fantom Foundation commits up to 200 million FTM tokens, approximately $120 million, to support the launch of Sonic, an ultra-fast network, through the Sonic Labs Innovator Fund.
🔔 FTX Customers Oppose Bankruptcy Plan: 'Our Coins Were Never Given to FTX!' !
FTX customers are objecting to the exchange’s proposed bankruptcy plan, claiming it violates their property rights by selling their assets to pay off creditors, including the U.S. government. They demand the return of their cryptocurrency instead of cash balances. The FTX Customers Ad Hoc Committee is leading this objection.
▶️ Check More Details Here:
https://cointelegraph.com/news/ftx-customers-protest-bankruptcy-plan
▶️ Arbitrum Sees 16,500% Increase in Daily Revenue After LayerZero's ZRO Launch !
LayerZero's ZRO token launch on June 20 caused Arbitrum's daily revenue to spike to $3.43 million, a 16,680% increase. The launch's "donation" mechanism drove average gas fees up to 89 cents, boosting profits to a record high, per Dune Analytics and DefiLlama.
▶️ Check More Details Here:
https://dune.com/queries/3316813/5554338
🔔 California Judge Raises Concerns Over Dismissal of SEC's Case Against Crypto Exchange Kraken !
In a recent court session, Judge William H. Orrick signaled a leaning towards denying a motion to dismiss in a lawsuit involving Kraken and the SEC. The proceedings included references to the SEC's ongoing cases in the crypto space, drawing parallels to similar litigation involving Coinbase.
▶️ Check More Details Here:
https://www.theblock.co/post/301162/california-judge-casts-doubt-on-dismissing-secs-case-against-crypto-exchange-kraken
🔔 JUST IN: MicroStrategy Buys 11,931 BTC for $786M at $65,883 per Bitcoin !
MicroStrategy has acquired an additional 11,931 BTC for about $786 million, averaging $65,883 per bitcoin. As of June 20, 2024, the company holds 226,331 BTC, purchased for approximately $8.33 billion at an average price of $36,798 per bitcoin.
▶️ Check More Details Here:
https://x.com/saylor/status/1803763490928119950
🔔 Binance to List LayerZero (ZRO) with Seed Tag Applied !
Binance will list LayerZero (ZRO) and open trading for ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY pairs on June 20, 2024, at 12:00 (UTC). Deposits are now open, and withdrawals will start on June 21, 2024, at 12:00 (UTC). The ZRO listing fee is 0 BNB. ZRO supports Ethereum, BNB Chain, Optimism, Arbitrum, Base, Matic, and Avalanche.
▶️ Check More Details Here:
https://www.binance.com/en/support/announcement/28a21b10ed23416386b40d263b71cd99
🔔 Eigen Layer Announces Launch of EIGEN Stakedrop Phase 2 !
Phase 2 of the Season 1 EIGEN stakedrop is live, distributing 113 million EIGEN tokens. Over 88% of claimed tokens were staked in Phase 1, demonstrating strong community support. EIGEN's staking enhances security for Actively Validated Services (AVS) with unique protocols. Eligible DeFi participants can claim tokens until September 7, 2024.
▶️ Check More Details Here:
https://blog.eigenfoundation.org/claims-s1-p2/
🔔 Binance Introduces HODLer Airdrops for BNB Holders !
Binance has introduced HODLer Airdrops for BNB holders subscribing to Simple Earn, offering tokens from projects with substantial circulating supplies set to list on Binance.
▶️ Check More Details Here:
https://www.binance.com/en/support/announcement/59a0a10b835d4c3ab2ffbfca941e7d24
🔔 LayerZero Launches Eligibility Checker for Upcoming Token Airdrop !
LayerZero Foundation introduced an eligibility checker for its upcoming airdrop, allowing users to verify their eligibility and view their activity summaries. CEO Bryan Pellegrino announced that 1.28 million wallets are eligible. The airdrop, distributing 23.8% of its 1 billion token supply to the community and builders, begins on June 20, 2024, with 8.5% allocated on the first day.
▶️ Check More Details Here:
https://x.com/LayerZero_Fndn/status/1803294040068165809
⚡️ News Flash - 18 Jun 2024 !
1️⃣ NAVAIX Launches USDC and WETH Drip Pools on DripFi
NAVAIX launched its Drip Pool on DripFi on June 17th, allowing users to stake USDC and WETH to earn $NAV tokens. This supports NAVAIX's development and offers NAVAIX Points, convertible to NAV tokens at the token generation event.
2️⃣ US Prosecutors Object to Ethereum Developer’s Request to Shorten 5-Year Sentence
Virgil Griffith's attempt to reduce his 63-month prison sentence for violating sanctions on North Korea faces opposition from the U.S. Justice Department. Officials argue Griffith knowingly aided North Korea with cryptocurrency and blockchain technology despite its adversarial stance towards the U.S.
3️⃣ Bitcoin Hashrate Expected to Decline as Miners Confront Intense Summer Heatwaves
During the North American summer months, Bitcoin hashrate and mining difficulty could decline as miners scale back operations. This reduction might alleviate some profit pressures exacerbated by the halving event, which slashed Bitcoin mining rewards by 50%.
4️⃣ Sonic Secures $12M Funding to Expand Solana Gaming Ecosystem
Sonic, Solana's first gaming Layer 2 infrastructure, raised $12 million in a Series A round led by BITKRAFT, with Galaxy Interactive and Big Brain Holdings participating. Built by Mirror World Labs, a GameFi infrastructure firm, Sonic aims to enhance gaming experiences on Solana.
5️⃣ Tether's Recent Move into Gold Represents a Bold and Controversial Decision
Tether launched a service allowing users to deposit XAUT to mint USDT via its Alloy platform, expanding into DeFi amid concerns over transparency and market influence.
🔔 Nvidia Surpasses Microsoft in Market Cap, Becoming Most Valuable Public Company !
Nvidia is now the world's most valuable public company, surpassing Microsoft with a market cap of $3.33 trillion. The company's shares have surged over 170% this year due to its dominance in AI chips used by major tech companies. Nvidia's rise has significantly boosted co-founder Jensen Huang's net worth to $117 billion.
▶️ Check More Details Here:
https://www.cnbc.com/2024/06/18/nvidia-passes-microsoft-in-market-cap-is-most-valuable-public-company.html
🔔 Report: Ex-Bank Executives in China Accused of Laundering $248 Million Through Cryptocurrency !
A Chinese bank uncovered a scheme involving its former executives laundering 1.8 billion yuan ($248 million) using cryptocurrency. The suspects converted funds to foreign currency, bought cryptocurrencies via WeChat, and sold them abroad, transferring proceeds to Hong Kong. One suspect, Chen, was sentenced to 2 years and 3 months in prison and fined 2 million yuan. The cases against the other executives are ongoing.
▶️ Check More Details Here:
https://nbd.com.cn/articles/2024-06-17/3430250.html
🔔 Crypto Trading Firm Cumberland Obtains New York BitLicense !
Cumberland, a cryptocurrency trading firm, has obtained a BitLicense from the NYDFS, allowing it to operate as a virtual currency company. This license enables Cumberland to forge strong trading relationships with institutional counterparts in New York. The firm is among the limited number of principal trading firms holding this regulatory approval in the state. The BitLicense requirement for crypto firms in New York has been contentious, with critics like Mayor Eric Adams suggesting it stifles innovation and economic growth.
▶️ Check More Details Here:
https://x.com/CumberlandSays/status/1802727346824253442
🔔 Coinbase Opens Pre-Launch Trading on International Platforms !
Coinbase is offering a new feature called "pre-launch markets" that lets some users trade on upcoming cryptocurrencies before they even launch. This allows traders to speculate on the future value of these new tokens.
▶️ Check More Details Here:
https://www.coinbase.com/blog/introducing-pre-launch-markets-on-coinbase-international-exchange-and