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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.
🔔 Crypto Lender Genesis Finalizes Restructuring and Starts Payouts !
Crypto lender Genesis Global has finished its bankruptcy restructuring, distributing around $4 billion to creditors. Bitcoin creditors will recover 51.28%, Ether creditors 65.87%, and Solana creditors 29.58% of their claims.
▶️ Check More Details Here:
https://www.bloomberg.com/news/articles/2024-08-02/crypto-lender-genesis-completes-restructuring-begins-payouts
🔔 DevvE Announces Partnership With Taunt Network !
Taunt Network has announced a $1 million airdrop of $TAUNT tokens in collaboration with DevvE. Participants can earn $TAUNT by completing tasks, playing games, and referring friends. The airdrop also involves collecting Soul-Bound Tokens to accumulate Engagement Points and enhance chances of winning rewards.
DevvE is a blockchain ecosystem using the DevvX blockchain and DevvE token, offering high-speed transactions, low costs, and regulatory compliance for Web3 applications.
Taunt Network LTD, based in Seychelles, uses Web3 and blockchain to transform live streaming with its $TAUNT Token, enhancing monetization for creators and revenue for developers.
▶️ Check More Details Here:
https://x.com/devveecosystem/status/1818680841574224274
▶️ Project Socials:
Website | X | Telegram
🔔 Morgan Stanley to Permit Wealth Advisors to Recommend Bitcoin ETFs to Certain Clients: CNBC !
Morgan Stanley will allow its financial advisors to offer spot bitcoin ETFs, specifically BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, starting August 7. This marks a first among major Wall Street banks, allowing select clients to invest in these bitcoin ETFs.
▶️ Check More Details Here:
https://www.cnbc.com/2024/08/02/morgan-stanley-wealth-advisors-bitcoin-etfs.html
🚨 Convergence Hacked for $210 Million via Smart Contract Exploit !
On August 1, Convergence suffered a smart contract exploit, leading to the minting and sale of $210 million in CVG tokens. The attacker also stole $2,000 in unclaimed staking rewards. The CVG token's value plummeted to $0.0004 following the attack.
▶️ Check More Details Here:
cvg_wireshark/post-mortem-08-01-2024-e80a49d108a0" rel="nofollow">https://medium.com/@cvg_wireshark/post-mortem-08-01-2024-e80a49d108a0
🔔 Coinbase Reports $1.45 Billion in Q2 Revenue Despite Decline in Profits !
Coinbase saw a year-over-year revenue increase for Q2, reaching $1.45 billion, but experienced an 11% decline from the previous quarter. Consumer transaction revenues fell by 29% to $665 million, while stablecoin revenue rose to $240.4 million. Notably, Solana accounted for 10% of Coinbase’s transaction revenues.
▶️ Check More Details Here:
https://x.com/coinbase/status/1819107073201971486
🔔 Morpho Raises $50M in Funding Round Led by Ribbit Capital !
Morpho, a decentralized lending protocol, secured $50 million in a strategic funding round led by Ribbit Capital, with participation from a16z crypto, Coinbase Ventures, Variant, Pantera, and others. The firm's valuation was not disclosed, and it previously raised $18 million in 2022.
▶️ Check More Details Here:
https://x.com/MorphoLabs/status/1819010855964479751
🔔 US Spot Bitcoin ETFs See $299,000 in Net Inflows, Ethereum ETFs Experience $77 Million in Outflows !
On Wednesday, U.S. spot Bitcoin ETFs saw modest net inflows of $299,000, driven by BlackRock IBIT's $20.99 million and Grayscale Bitcoin Mini Trust’s $18 million inflows. Conversely, spot Ethereum ETFs faced significant net outflows of $77.21 million, with Grayscale Ethereum Trust (ETHE) leading with $133.33 million in outflows. Total trading volume for spot Bitcoin ETFs remained at $1.37 billion.
▶️ Check More Details Here:
https://sosovalue.com/assets/etf/us-btc-spot
🔔 Lympid Announces IDO On Polkastarter !
Lympid will conduct an IDO for its native token, $LYP, on Polkastarter. The $LYP token will be priced at $0.12 per unit, with a total supply of 100 million tokens and a fully diluted valuation (FDV) of $12 million. The IDO date is yet to be announced, and 50% of the tokens will be distributed at the Token Generation Event (TGE).
Lympid is a platform for real-world assets (RWA) that offers a regulatory-compliant platform established in Europe for issuing and trading RWA. Users can invest in assets like horses, art, luxury watches, US Treasuries, and premium real estate through an easy-to-use app.
▶️ Check More Details Here:
https://x.com/lympid_official/status/1818649350794326379
▶️ Project Socials:
Website | X | Telegram
🔔 XRP Jumps 7% Amid Ripple-SEC Settlement Speculation and $600M Token Unlock !
XRP has jumped 7% to over 64 cents, driven by optimism over a potential settlement in Ripple's SEC lawsuit and a major scheduled token unlock. The SEC's recent move to amend its complaint against Binance, possibly impacting various tokens, has further fueled market interest. XRP's trading volume is notably high in South Korea.
▶️ Check More Details Here:
https://www.coindesk.com/markets/2024/07/31/xrp-surges-7-amid-ripple-sec-settlement-hopes-600m-token-unlock/
🔔 Starknet-Based ZKX Protocol Shuts Down Due to Lack of Users !
The ZKX Protocol, a social derivatives trading platform on Starknet, has shut down due to a lack of economic viability. Founder Eduard Jubany Tur cited minimal user engagement, reduced trading volumes, and insufficient daily revenue to cover server expenses as reasons for the closure.
▶️ Check More Details Here:
https://x.com/0xeduard/status/1818206251089551810
🔔 Russia Considers Legalizing Crypto for International Payments !
Russia is set to legalize cryptocurrency for international payments amid Western sanctions. The State Duma will review a law allowing crypto settlements, with approval expected soon. Russia's central bank aims to start crypto-based cross-border payments by the end of 2024, reversing its previous stance against crypto.
▶️ Check More Details Here:
https://www.cnbc.com/2024/07/30/russia-considers-legalizing-crypto-as-a-form-of-payment-amid-sanctions.html
🔔 Citron Founder Denies Fraud Allegations in Short Selling Case !
Andrew Left, founder of Citron Research, has pleaded not guilty to securities fraud charges. A Los Angeles federal court set a $4 million unsecured bond and a $1 million collateralized bond, which Left must post by August 5. Deemed a flight risk due to his substantial assets, Left was ordered to surrender his passport and faces restrictions on large financial transactions and trading activities.
▶️ Check More Details Here:
https://www.bloomberg.com/news/articles/2024-07-30/andrew-left-pleads-not-guilty-setting-up-fight-over-short-sales
🔔 Ta-Da App Launches on Apple and Android with Exciting Offers !
The Ta-da app has launched on both Apple and Android platforms. To commemorate the launch, the app is offering a $100K AirDrop for beta testers, a $50K weekly prize pool booster, and introducing a new integrated shop. Additionally, there will be buybacks and burns based on platform activity, and a new referral system has been implemented.
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/1817943387930050840
▶️ Project Socials:
Website | X | Telegram
🔔 Elon Musk Declares: "I Won't Be Promoting Crypto" !
Elon Musk, in a podcast, mentioned the merit in Bitcoin and other cryptocurrencies. He expressed a fondness for Dogecoin, citing his love for "dogs and memes." Musk clarified that he doesn't intend to promote any crypto seriously and would only do so in a joking manner.
▶️ Check More Details Here:
https://x.com/dogeofficialceo/status/1817749701627933097
🔔 Crypto Projects to Unlock Nearly $1.5 Billion in Tokens in August, Including $609 Million in XRP !
In August, nearly $1.5 billion in crypto tokens will be unlocked. This includes 1 billion XRP tokens worth $609 million on August 1, released by Ripple. Avalanche and Wormhole will also unlock $449 million combined, with Wormhole releasing 600 million tokens valued at $180.5 million on August 3.
▶️ Check More Details Here:
https://token.unlocks.app/
🔔 CFTC Issues Subpoena to Ben ‘BitBoy’ Armstrong’s Former Company in Fraud Investigation, Focuses on Token Activities !
The CFTC is investigating potential fraud involving 15 tokens, including BEN. The agency subpoenaed Hit Network on July 16, seeking details on trading and wallets. The probe follows content featuring these tokens by BitBoy Crypto’s Ben Armstrong, though Armstrong is not specifically mentioned in the subpoena.
▶️ Check More Details Here:
https://www.theblock.co/post/309213/cftc-subpoenas-ben-bitboy-armstrongs-former-company-in-fraud-investigation-asks-about-activity-for-tokens-such-as-ben
🔔 Donald Trump Suggests Paying Off $35 Trillion Debt with Crypto or Bitcoin !
▶️ Check More Details Here:
https://www.foxbusiness.com/video/6359799256112
🔔 Ark Invest Sells $6.9 Million in Spot Bitcoin ETF and Increases Coinbase Share Sales !
On August 1, Ark Invest sold 108,751 shares of its ARKB Bitcoin ETF and reduced its holdings in Coinbase by offloading 31,517 shares from ARKW and 37,552 shares from ARKF. The ARKB ETF saw $22.4 million in net outflows, despite overall inflows into spot Bitcoin ETFs.
▶️ Check More Details Here:
https://www.theblock.co/post/309080/ark-invest-bitcoin-etf-arkb-coinbase-coin
🔔 Bybit to Cease Operations and Withdraw Products from France !
Bybit will cease operations in France starting August 2. French users will be unable to trade or open new positions, with all existing positions set for liquidation by August 13. Post-liquidation, only withdrawals will be permitted. This move follows France's stricter licensing requirements in anticipation of the EU's Markets in Crypto-Assets (MiCA) regulation, effective December.
▶️ Check More Details Here:
https://announcements.bybit.com/en/article/notice-on-close-only-and-position-closures-blta0c0e0f458eec266/
🔔 Montenegro Appellate Court Upholds Extradition of Do Kwon to South Korea !
On August 1, the Montenegro Appellate Court upheld the decision to extradite Terraform Labs co-founder Do Kwon to South Korea. With no further appeals expected, his repatriation will be expedited. This ruling concludes a series of legal disputes over whether Kwon should be extradited to the U.S. or South Korea.
▶️ Check More Details Here:
https://sudovi.me/ascg/sadrzaj/6OBQ
🔔 South Korean Crypto Exchanges Encounter Unforeseen Supervisory Fees !
South Korea's new Virtual Asset User Protection Act mandates that major cryptocurrency exchanges like Upbit, Bithumb, and Coinone pay a supervisory fee based on their operating income, estimated around 300 million won ($220,000). This fee, part of revised regulations announced by the Financial Services Commission (FSC) on July 1, will support inspections by the Financial Supervisory Service (FSS) starting next year.
▶️ Check More Details Here:
https://www.inews24.com/view/1748431
🔔 Bybit Launches Indian Digital Rupee CBDC Payment Option !
Bybit has added digital rupee (e-rupee) payments to its platform, enhancing security for Indian rupee transactions. This wallet-based option joins existing payment methods and aims to improve user trust and attract more merchants. The e-rupee, part of India's CBDC pilot, is currently used for peer-to-peer crypto transactions on Bybit.
▶️ Check More Details Here:
https://www.prnewswire.com/news-releases/bybit-introduces-digital-rupee-erupee-as-the-new-and-secure-inr-payment-method-302209775.html
🔔 The Bahamas Takes a New Crypto Law Step 1.5 Years After FTX Collapse !
The Bahamas has passed the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), enhancing regulations for digital assets and cryptocurrency markets. This law builds on the 2020 DARE Act, introducing stricter investor protections, disclosure requirements, and a stablecoin framework while prohibiting algorithmic stablecoins. It aims to address challenges and restore confidence in the Bahamas' financial sector following the FTX collapse in 2022.
▶️ Check More Details Here:
https://www.scb.gov.bs/wp-content/uploads/2024/07/Media-Release-The-Bahamas-Introduces-Transformative-Digital-Asset-Legislation-The-DARE-Act-2024.pdf
🔔 UAE Residents Gain Ability to Trade Crypto Directly via Bank Accounts !
Crypto exchange M2 has launched a new feature allowing UAE residents to buy and sell Bitcoin and Ether directly with dirhams. The integration supports trading and transactions between local currency and cryptocurrencies, enhancing accessibility and bridging traditional finance with virtual assets.
▶️ Check More Details Here:
https://cointelegraph.com/news/m2-exchange-uae-aed-to-crypto
🔔 SEC Accuses Nader Al-Naji of Fraud and Unregistered Crypto Asset Securities Offering !
The SEC has charged Nader Al-Naji with a multi-million-dollar crypto fraud involving BitClout. Al-Naji raised over $257 million through unregistered sales, misled investors, and used $7 million for personal expenses. He falsely claimed BitClout was decentralized, using the pseudonym "Diamondhands." The SEC and the U.S. Attorney’s Office for the Southern District of New York have filed charges against him.
▶️ Check More Details Here:
https://www.sec.gov/newsroom/press-releases/2024-91
🔔 SEC to Amend Binance Complaint, Avoiding Immediate Ruling on Token Securities Status !
The SEC plans to amend its complaint against Binance, potentially avoiding a court ruling on whether tokens like Solana (SOL) are securities. This move follows a court order for the SEC and Binance to propose a schedule for further proceedings. The SEC's intended amendments may extend beyond the issue of Third-Party Tokens, according to Binance.
▶️ Check More Details Here:
https://www.courtlistener.com/docket/67474542/253/securities-and-exchange-commission-v-binance-holdings-limited/
🔔 One Trading Secures Dutch License, Brings EU Crypto Futures Onshore !
One Trading, a Netherlands-based digital asset exchange, received an Organized Trading Facility license from the Dutch Financial Markets Authority. This allows the exchange to offer onshore crypto futures trading in Europe, becoming the first regulated European derivatives exchange open to retail clients.
▶️ Check More Details Here:
https://www.businesswire.com/news/home/20240729953947/en/
🔔 US Government Transfers $2 Billion in Silk Road Bitcoin !
The U.S. government moved over $2 billion worth of seized Bitcoin from the Silk Road marketplace to an unknown wallet, according to Arkham Intelligence. This comes after former President Donald Trump proposed creating a national "strategic Bitcoin stockpile" and stopping the sale of seized Bitcoin if re-elected. The government's plans for the transferred Bitcoin are still unknown.
▶️ Check More Details Here:
https://platform.arkhamintelligence.com/explorer/tx/2e0b8f39af7d57989a9f911f211d88541473536b42ee4ebd4503cff525155bb0
🔔 Ethereum ETF Launch Attracts $2.2 Billion in Inflows: CoinShares !
The launch of spot-based Ether ETFs has driven substantial inflows, with new ETFs attracting $2.2 billion and a 542% increase in ETH ETPs, according to CoinShares. However, these gains were offset by $285 million in net outflows from incumbent funds, including Grayscale’s $1.5 billion trust.
▶️ Check More Details Here:
https://etp.coinshares.com/knowledge/market-activity/fund-flows-29-07-24
🔔 Casper Network Suspends Operations Following Security Breach !
Casper Network, known for decentralized applications, experienced a security breach, prompting a temporary halt of operations. The Casper team, along with validators, suspended the network to mitigate the impact and prevent exploitation. The Casper Association, Casper Labs, and validators are collaboratively working to resolve the issue.
▶️ Check More Details Here:
https://x.com/Casper_Network/status/1817567910275014748