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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.
🔔 Nigeria’s SEC Urged to Classify Bitcoin and Ether as Commodities !
Nigerian stakeholders urge the SEC to classify Bitcoin and Ether as commodities, following a recent Illinois court ruling. Lucky Uwakwe, chair of the Blockchain Industry Coordinating Committee of Nigeria, emphasized the need for clear guidelines to define crypto assets and their regulatory requirements.
▶️ Check More Details Here:
https://cointelegraph.com/news/nigerian-sec-urged-to-classify-bitcoin-ether-as-commodities
⚡️ News Flash - 7 Jul 2024 !
1️⃣ SEC Closes Investigation into Bitcoin Stacks Developer Hiro — Filing
The U.S. SEC dropped its investigation into Hiro Systems, developer of Bitcoin's Stacks layer-2 blockchain, which raised $70 million in token sales. Formerly Blockstack, Hiro argued in 2021 that the blockchain's decentralization made treating STX tokens as securities unnecessary.
2️⃣ Mark Cuban Urges SEC to Dismiss Chairman Gary Gensler
Mark Cuban urges the SEC to remove Chairman Gary Gensler, following a meeting with a senior Biden advisor and crypto leaders on regulatory issues.
3️⃣ ZAP Protocol Hits $100 Million Valuation After Recent Funding Round
ZAP, a token distribution protocol on Ethereum Layer 2 network Blast, raised $15.1 million through seed, private, and ongoing vault sales. Investors include Rarestone Capital, Cypher Capital, and others, with a current valuation around $100 million.
4️⃣ Genesis-Labeled Address Moves $720M in BTC to Coinbase, Suggesting Asset Liquidation Begin
A Genesis Trading-associated wallet transferred nearly $720 million worth of Bitcoin to Coinbase in the past month, totaling over 12,600 BTC. The wallet now holds 33,356 BTC, down from 46,000 BTC a month ago.
5️⃣ Partior, Backed by JPMorgan and Standard Chartered, Raises $60 Million for Blockchain Payment Network
Fintech company Partior has raised over $60 million in a Series B round led by Peak XV Partners. The funding will support the development of ledger-based interbank rails for real-time clearing and settlement.
🔔 Elon Musk’s X Faces Potential $200M EU Fines for Alleged DSA Violations !
The EU has preliminarily found Elon Musk's X.com in breach of the Digital Services Act (DSA) for issues related to dark patterns, advertising transparency, and data access for researchers. X faces potential fines of up to 6% of its global annual turnover. The investigation began in December 2023, and X has the right to defend against these findings.
▶️ Check More Details Here:
https://ec.europa.eu/commission/presscorner/detail/en/ip_24_3761
🔔 German Government Begins BTC Sale, Transfers 1,200 BTC to Exchanges and 1,500 BTC to Various Addresses !
On July 12, the German government began selling Bitcoin. At 07:02 UTC, it transferred 1,200 BTC to Bitstamp, Kraken, and Coinbase (400 BTC each), 1,000 BTC to the suspected B2C2 Group, and 500 BTC to an unmarked address.
▶️ Check More Details Here:
https://platform.arkhamintelligence.com/explorer/entity/germany
🔔 Analyst Predicts Bitcoin Price to Reach $330K During Current Bull Cycle !
Arsen believes institutional investors have accumulated Bitcoin during its recent correction, suggesting long-term bullish sentiment. Despite a recent 23% dip from its peak, he predicts Bitcoin could reach $330,000 this cycle based on historical patterns.
▶️ Check More Details Here:
https://x.com/satoshibaggins/status/1810986413435097412
🔔 BitcoinBlack Partnership Introduces Crypto Payments for Telehealth and Prescription Services !
BitcoinBlack has acquired Ask the Doctor, integrating telemedicine services into its cryptocurrency payment ecosystem. This allows cardholders to use cryptocurrency for doctor visits and prescriptions via BitcoinBlack's mobile app.
▶️ Check More Details Here:
https://www.prweb.com/releases/bitcoinblack-acquires-telemedicine-platform-ask-the-doctor-302193311.html
🔔 Binance Nears Deal to Reduce Gopax Stake, Selling Majority to Megazone !
Binance is in final talks to sell most of its 72.6% stake in South Korean exchange Gopax to cloud service provider Megazone, reducing its stake to as low as 10%. This sale aims to meet local financial authorities' governance requirements.
▶️ Check More Details Here:
https://it.chosun.com/news/articleView.html?idxno=2023092119278
🔔 Vitalik Buterin Advocates for Automated Response to 51% Attacks on Ethereum !
Ethereum co-founder Vitalik Buterin urges better preparation for potential 51% attacks, advocating for automated responses to censorship. He suggests that validators use software to counter censorship and coordinate on a minority chain if needed. Buterin also calls for more light clients, zk-EVM support, quantum resistance measures, and protocol simplification to improve the network.
▶️ Check More Details Here:
https://www.theblock.co/post/304479/vitalik-buterin-pushes-for-ethereum-to-respond-to-51-attacks-in-a-more-automated-way
🔔 CoinStats Exploiter Transfers Nearly $1M to Tornado Cash !
Wallets linked to the CoinStats exploiter moved nearly $1 million in Ether to the mixing protocol Tornado Cash. Blockchain security firm CertiK identified two wallets transferring 311 ETH (around $959,000) from the June exploit. One wallet moved 211 ETH, and the other sent 100 ETH. Crypto mixers like Tornado Cash anonymize transactions, often used by hackers to launder stolen funds.
▶️ Check More Details Here:
https://x.com/CertiKAlert/status/1810640205092626544
🔔 Uniswap References Chevron in Urging SEC to Reconsider DeFi Oversight Proposal !
Uniswap Labs has urged the SEC to drop its proposal to regulate decentralized finance (DeFi), citing a recent Supreme Court decision. Since April 2023, the SEC has aimed to expand the definition of an exchange to include DeFi participants. Uniswap reiterated its opposition in a July 9 letter, following a similar plea last month.
▶️ Check More Details Here:
https://x.com/MinarikLaw/status/1810792221593174162
🔔 Bitcoin Fear & Greed Index Reaches Lowest Level Since January 2023 !
The Crypto Fear & Greed Index, tracking market sentiment, dropped to 27 on July 9, the lowest since January 2023, according to Glassnode. In January 2023, two months after FTX's collapse, the index was at 26, and Bitcoin traded around $16,500. By the end of that month, Bitcoin had rallied to approximately $22,000, per TradingView data.
▶️ Check More Details Here:
https://coinstats.app/fear-and-greed/
🔔 Bitget Wallet Unveils Industry's First MPC Wallet Solution Supporting TON Mainnet !
Bitget Wallet launched the first MPC wallet for the TON mainnet, supporting Telegram mini-apps. It also supports Solana, Bitcoin, and EVM blockchains, aiming to expand further. The MPC solution simplifies wallet creation via email and other methods, enhancing ease of use and security.
▶️ Check More Details Here:
https://x.com/BitgetWallet/status/1810618536798327207
🔔 Ethereum to Launch First $2M Protocol-Wide 'Attackathon' !
Ethereum is launching its first-ever hackathon, "Attackathon," with a $2 million reward pool. Over four weeks, security researchers will search for vulnerabilities in Ethereum's codebase. Only impactful, rule-compliant reports will be rewarded. The event includes a technical walkthrough of the code, and bug bounty platform Immunefi will compile a report on the findings.
▶️ Check More Details Here:
https://blog.ethereum.org/2024/07/08/attackathon
🔔 VanEck Files Amended Registration Statement for Spot Ethereum ETF as Deadline Nears !
Monday is the deadline for amended registration statements for spot Ethereum ETFs. VanEck has already filed its revised S-1, making minor updates like custody details. More filings from competing firms are expected throughout the day.
▶️ Check More Details Here:
https://www.sec.gov/Archives/edgar/data/1860788/000093041324002024/c109048_s1a.htm
🔔 Binance to Delist BOND, DOCK, MDX, and POLS on July 22 !
Binance will delist and stop trading all spot trading pairs for BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS) on July 22, 2024, at 03:00 (UTC).
▶️ Check More Details Here:
https://www.binance.com/en/support/announcement/4ffb7170f2f84ce3a06cc0cf1a788c23
🔔 Bitcoin Spot ETFs See $310 Million Net Inflow on July 12, Marking Six Consecutive Days of Inflows !
On July 12, Bitcoin spot ETFs saw a total net inflow of $310 million, continuing a six-day streak of net inflows. Grayscale's ETF (GBTC) had a single-day inflow of $23 million, BlackRock's ETF (IBIT) saw an inflow of $120 million, and Fidelity's ETF (FBTC) received $115 million in a single day.
▶️ Check More Details Here:
https://sosovalue.com/assets/etf/us-btc-spot
🔔 BREAKING: German Government Sent Entire Bitcoin Holdings, now stand at 0 BTC !
The German government recently transferred 3,846.05 BTC ($223.81M) to Kraken, 139Po (possibly for institutional deposit or OTC services). Their BTC holdings now stand at 0 ($0.00M).
▶️ Check More Details Here:
https://twitter.com/ArkhamIntel/status/1811830991708639719
🔔 Gnosis Chain Implements Shutter's Encryption to Address MEV Issues !
Gnosis Chain and blockchain project Shutter have collaborated to introduce fully embedded encryption technology. This integration aims to enhance censorship resistance and prevent maximal extractable value (MEV) on the Ethereum sidechain.
▶️ Check More Details Here:
https://blog.shutter.network/shutterized-gnosis-chain-is-now-live/
🔔 US Senators Reach Agreement to Ban Lawmaker Stock Trading !
A bipartisan group of U.S. senators is pushing to ban stock trading by Congress members, the President, and the Vice President. The proposed amendment includes an immediate trading ban, divestment of covered assets by 2027, and increased penalties for disclosure violations. Senator Josh Hawley stressed that Congress should serve the public, not profit from insider information.
▶️ Check More Details Here:
https://www.hawley.senate.gov/hawley-peters-merkley-ossoff-announce-first-ever-bipartisan-agreement-to-advance-bill-barring-congress-members-from-stock-trading/
🔔 Bahamians Face Mandatory Adoption of CBDCs Despite Initial Resistance !
The Bahamian government is moving to enforce the distribution of its central bank digital currency (CBDC), known as the Sand Dollar, despite low adoption rates. Initially using incentives, such as rebates and discounts, failed to boost usage, leading to regulatory measures forcing commercial banks to distribute the CBDC.
▶️ Check More Details Here:
https://cointelegraph.com/news/bahamians-didnt-want-cbdcs-so-now-being-forced
🔔 SEC Drops Investigation into BUSD Stablecoin After Paxos Probe !
The SEC will not recommend enforcement against Paxos following its probe into the Binance USD (BUSD) stablecoin. Paxos received a formal termination notice on July 9. Paxos believes this will boost stablecoin adoption. The SEC had previously issued a notice to Paxos and sued Binance, claiming BUSD was a security.
▶️ Check More Details Here:
https://fortune.com/crypto/2024/07/11/sec-busd-gary-gensler-paxos-stablecoin-binance/
🔔 Inferno Drainer's Attempt to Launder ETH Fails !
Railgun's privacy protocol blocked Inferno Drainer's attempt to launder 174 ETH ($533,000) on July 9, forcing the stolen funds back to the original wallet, as reported by MistTrack on July 10.
▶️ Check More Details Here:
https://x.com/MistTrack_io/status/1811050114842034278
🔔 CFTC Chairman Behnam Affirms Bitcoin and Ethereum as Commodities !
CFTC Chairman Behnam states BTC and ETH are commodities and that 70-80% of the crypto market are non-securities. Senate Agriculture Chair Debbie Stabenow will share a crypto oversight proposal this week. Ranking Republican Sen. John Boozman says the industry lacks support. Behnam urges quick action to protect investors. While the House has progressed, the Senate faces opposition, with time running out for comprehensive crypto legislation.
▶️ Check More Details Here:
https://www.agriculture.senate.gov/hearings/oversight-of-digital-commodities
🔔 US Spot Bitcoin ETFs See $216 Million in Net Inflows, Maintaining Positive Trend !
On Tuesday, 11 U.S. spot bitcoin ETFs saw $216.33 million in net inflows, led by BlackRock's IBIT with $121.03 million and Fidelity's FBTC with $90.95 million. Ark Invest and 21Shares' ARKB saw $43.3 million in inflows, while Grayscale's GBTC had $37.5 million in outflows. Total trading value was $1.19 billion, with $15.27 billion in net inflows since January.
▶️ Check More Details Here:
https://sosovalue.xyz/assets/etf/us-btc-spot
🔔 Doja Cat's X Account Allegedly Hacked, Leading to $1.6M Investor Loss in Scam Coin Promotion !
Rapper Doja Cat's X account was hacked on July 8 to promote a scam token, "Doja Cat (DOJA)." The token's market cap briefly hit $1.65 million before crashing to $16,820, resulting in over $1.63 million in investor losses. The hacked posts included an image urging followers to buy the token and made negative comments about rapper Iggy Azalea.
▶️ Check More Details Here:
https://x.com/trends_dailyU/status/1810487665575501925
🔔 Ether ETF Fee Race Kicks Off: Invesco Sets 0.25% Charge, Just Above VanEck !
Invesco and Galaxy will charge a 0.25% management fee for their proposed spot ether ETF, slightly higher than VanEck's 0.20%. With eight issuers competing, fees will be key in attracting investors. Most spot bitcoin ETFs have fees between 0.19% and 0.30%, a likely range for ether ETFs too.
▶️ Check More Details Here:
https://www.coindesk.com/markets/2024/07/09/invesco-and-galaxy-reveal-025-fee-for-spot-ether-etf/
🔔 Crypto Theft Surges to $1.38 Billion in First Half of 2024, Research Firm Reveals !
Hackers stole $1.38 billion in cryptocurrency in the first half of 2024, more than double the amount from the same period last year, according to TRM Labs. Major attacks, including a $300 million bitcoin theft from DMM Bitcoin, accounted for 70% of the total. Key vulnerabilities were private key and seed phrase compromises. Despite no significant changes in security, higher crypto prices may have driven the increase in stolen value.
▶️ Check More Details Here:
https://www.cnbc.com/2024/07/09/hackers-stole-twice-as-much-crypto-in-the-first-half-of-2024.html
🔔 JUST IN: 21Shares Files Updated S-1 Amendment for Spot Ethereum ETF Seeking Regulatory Approval !
▶️ Check More Details Here:
https://www.sec.gov/Archives/edgar/data/1992508/000121390024059773/ea0205580-06.htm
🔔 German Government Continues Selling Spree with Transfer of 1,000 More Bitcoins !
The German government continues to transfer bitcoins to centralized exchanges, presumably to sell. On-chain analytics from Arkham show transfers of 250 bitcoins each to Bitstamp and Coinbase, totaling nearly $28 million. An additional 500 bitcoins were moved to an unlabelled address, possibly linked to an exchange or OTC service. Currently, the German government holds 38,826 bitcoins in known addresses, worth $2.17 billion.
▶️ Check More Details Here:
https://platform.arkhamintelligence.com/explorer/entity/germany
🔔 $1 Million Bug Bounty Program for 'Firedancer' Solana Client Launches July 10 !
The 'Firedancer' validator client for Solana, created by Jump Crypto, will launch a bug bounty program on July 10. Over six weeks, $1 million will be awarded for significant bug finds in Firedancer v0.1. Developer Cantelope Peel reported successful testing matching the Solana protocol.
▶️ Check More Details Here:
https://x.com/CantelopePeel/status/1810066242876887099