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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.
⚡️ News Flash - 5 Jun 2024 !
1️⃣ SEC Chair Gary Gensler Asserts Disclosures Alone Insufficient to Protect Crypto Exchanges
SEC Chair Gary Gensler stated in a CNBC interview that crypto exchanges providing disclosures are still subject to enforcement actions by the agency.
2️⃣ Senior Promoter Pleads Guilty to Wire Fraud Conspiracy in Cryptocurrency Ponzi Scheme
Juan Tacuri, a senior promoter in the Forcount cryptocurrency Ponzi scheme, has pleaded guilty to wire fraud conspiracy. He is scheduled to be sentenced on September 24, 2024.
3️⃣ Paxos Introduces Stablecoin in Argentina Offering 5% Yield
Paxos' UAE-based subsidiary has launched a new yield-bearing stablecoin called Lift Dollar (USDL), starting in Argentina.
4️⃣ iMe Wallet Integrates Blast L2 Chain, Offering Native Yield for ETH and Stablecoins
iMe Wallet has integrated Blast L2 chain, the sole Ethereum L2 with native yield for ETH and stablecoins. Users can easily transfer tokens on BLAST within Telegram chats using Telegram usernames, addresses, or QR codes with lightning speed.
5️⃣ Franklin Templeton CEO: Bitcoin Investment Still in Early Phase
Franklin Templeton CEO Jenny Johnson believes the Bitcoin investment cycle is in its early stages, with larger institutional investments yet to come. She sees the current wave as early adopters and expects more significant institutional interest as they become more comfortable with digital assets.
🔔 Nvidia Surpasses Apple in Market Cap, Becoming the Second Most Valuable Public U.S. Company !
Nvidia briefly surpassed Apple in market cap on Wednesday, hitting $3.007 trillion versus Apple's $3.005 trillion. Nvidia's shares have surged due to its dominance in AI chips, contrasting with Apple's modest growth and recent sales decline. Nvidia's stock has risen over 3,290% in the past five years, driven by its shift to AI and cloud services.
▶️ Check More Details Here:
https://www.cnbc.com/2024/06/05/nvidia-passes-apple-in-market-cap.html
🔔 Tether Invests $18.75M in XREX Group to Boost Digital Asset Innovation and Cross-Border Payments !
Tether has invested $18.75M in XREX Group to facilitate USDT-based cross-border payments in emerging markets and innovate regulatory technology. XREX will also launch XAU1, a USD-pegged stablecoin backed by Tether Gold. This collaboration aims to enhance financial inclusion and regulatory compliance, supporting Tether's vision of resilient financial infrastructure.
▶️ Check More Details Here:
https://tether.io/news/tether-invests-18-75m-in-xrex-group-to-drive-financial-inclusion-in-emerging-markets/
⚡️ News Flash - 4 Jun 2024 !
1️⃣ Tether CEO Expresses Concern Over EU's 'Problematic' MiCA Stablecoin Requirements
Tether CEO Paolo Ardoino criticized the EU's MiCA regulation, saying it complicates stablecoin issuance and increases risks for EU-licensed stablecoins.
2️⃣ FTX Proposes $200 Million Payment to IRS Instead of $24 Billion in Tax Liabilities
FTX Trading Ltd, Sam Bankman-Fried's collapsed crypto exchange, is looking to reduce its tax debt to the IRS. In a June 3 legal filing, FTX aims to settle a $200 million priority tax claim and a $685 million subordinated claim.
3️⃣ X Takes Action Against Alleged Celebrity Memecoin Scammer Sahil Arora
Sahil Arora has been banned from X following public accusations from celebrities. Arora was allegedly involved with at least some celebrity memecoins and faked involvement in others.
4️⃣ Sam Bankman-Fried Returns to NYC Prison for Appeal
Former FTX CEO Sam "SBF" Bankman-Fried has been returned to the Metropolitan Detention Center (MDC) in Brooklyn after a brief stay in Oklahoma. His lawyers requested he remain at MDC Brooklyn to assist in his appeal of his conviction and sentencing.
5️⃣ Worldcoin Halts Operations in Spain Amid Data Protection Probe
Worldcoin has agreed not to resume its activity in Spain until the end of the year, as announced by the Spanish data watchdog. This decision is in response to an ongoing investigation by the data protection authority of Bavaria, Germany.
🔔 JUST IN: Bitcoin Hit $71,000, $BTC Currently Trading at $70,929 !
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🔔 Watford FC to Offer 10% Digital Equity Shares on Republic Platform !
Watford FC is selling 10% of its shares through digital investment platforms Republic and Seedrs. The funds will be used for training initiatives, new player recruitment, coaching, and brand development. This digital equity sale aims to attract more investors and allow fans to own part of the club.
▶️ Check More Details Here:
https://www.watfordfc.com/news/club/news-watford-fc-to-offer-ownership-to-fans-through-digital-equity
⚡️ News Flash - 3 Jun 2024 !
1️⃣ Dubai Reduces Fees for Recognizing Crypto Tokens to $5,000
The DFSA has revised its crypto token regulations to allow domestic qualified investor funds to invest up to 10% in unrecognized tokens and reduced the token recognition fee from $10,000 to $5,000.
2️⃣ Bitcoin Investor Michael Saylor Reaches $40 Million Settlement in Tax Fraud Case
Michael Saylor, founder of MicroStrategy, agreed to pay $40 million to settle a tax fraud lawsuit with the D.C. Attorney General. The lawsuit claimed Saylor pretended to be a resident of Florida or Virginia to avoid D.C. taxes. Saylor will pay the amount in full, with no contribution from MicroStrategy.
3️⃣ Former Binance CEO CZ Commences 4-Month Jail Term in California
Changpeng Zhao, the founder of Binance, has begun a four-month prison sentence in California for failing to prevent money laundering at the exchange. He will serve his time at Lompoc II, a low-security facility in Santa Barbara county.
4️⃣ Binance Co-founder Disputes Accountability for $1M Trading Loss on Compromised Account
Yi He, Binance co-founder, denied a security breach caused a $1 million loss for a user, attributing it to the user's compromised computer. On the same day, a trader claimed their account was manipulated without their password, resulting in losses, and said they didn't receive security reminders from Binance.
5️⃣ Frax Finance X Account Hacked, CEO Suspects Inside Job
Frax Finance's X social media account was hacked without password changes. CEO Sam Kazemian asked followers for help to contact X customer service. It takes about 72 hours for X to address such issues, requiring a support request with a linked email address and providing more information as needed.
🔔 Binance to Restrict 'Unauthorized' Stablecoins in Europe from June 30, Urges Switch to Regulated Tokens !
Binance will restrict access to unregulated stablecoins in the EU under the new Markets in Crypto-Assets Regulation (MiCA) starting at the end of June. Only stablecoins issued by regulated companies will be available, impacting several existing tokens. Binance did not specify which stablecoins will be affected.
▶️ Check More Details Here:
https://financefeeds.com/binance-may-ban-tether-and-other-stablecoins-in-europe/
🔔 OKX Expands to the Netherlands with New Crypto Exchange and Wallet !
OKX has launched its crypto exchange and wallet in the Netherlands, offering trading in 150 cryptocurrencies with at least 60 trading pairs against the euro. The platform integrates with iDeal for easy euro deposits and withdrawals, and also supports SEPA transactions.
▶️ Check More Details Here:
https://x.com/okx/status/1797546285777485980/
🔔 Meta’s AI Chief Criticizes Elon Musk for Hype and Conspiracy Theories !
Meta’s AI chief Yann LeCun and Elon Musk reignited their feud on social media, escalating when LeCun hijacked a X post from Musk’s AI company, xAI. LeCun posted a lengthy critique on June 2, accusing Musk of mistreating scientists, spreading conspiracy theories, and undermining democracy. This clash highlights ongoing tensions between the two tech figures.
▶️ Check More Details Here:
https://x.com/ylecun/status/1797270661192155427
🚨 Velocore DEX on zkSync and Linea Reportedly Hacked, $10 Million in User LPs Stolen !
Decentralized exchange Velocore on zkSync and Linea has reportedly been hacked, with $10 million in LPs stolen. Linea briefly halted block production but has resumed. Hackers allegedly transferred some ETH to the Ethereum mainnet. Velocore had been audited by Zokyo, Hacken, and Scalebit. The cause of the block production halt on Linea is not confirmed.
▶️ Check More Details Here:
https://x.com/officer_cia/status/1797068809959854340
🔔 OpenAI introduces ChatGPT support for universities and nonprofits !
OpenAI launched "ChatGPT Edu" for universities and a discounted ChatGPT Team service for nonprofits. "ChatGPT Edu" provides enterprise-level security and affordability, with institutions like Oxford and Arizona State University already using it. Nonprofits can access ChatGPT Team for $20 per user per month, with potential discounts for large-scale deployments. Both initiatives include access to the latest models and features.
▶️ Check More Details Here:
https://x.com/OpenAI/status/1796183796162683325
🔔 $FIAS Public Sale is Live on DevvE Launchpad !
$FIAS Token IDO is conducting on DevvE Launchpad. The public price is $0.08, with an initial market cap of $460k and a total supply of 350 million $FIAS tokens. The IDO allocation is $300k. The IDO will run from 31 May to 7 June, with the TGE set for 11 June.
FIAS is a magical sci-fi fantasy metaverse where users can create, own, and control their creations. It features various games, from casual puzzles to competitive NFT card battlers. Players can craft items, run virtual businesses, and use LitPets for battles or shop work. Secret recipes allow the creation of monetizable gaming assets like power-ups and skins.
▶️ Check More Details Here:
https://x.com/LitCraft_DFE/status/1796587450023936057
▶️ Project Socials:
Website | X | Telegram
🔔 Franklin Templeton Revises Spot Ethereum ETF Filing, Sets 0.19% Fee !
Franklin Templeton filed for a spot Ethereum ETF with a 0.19% sponsor fee, the same as its spot Bitcoin ETF. This move follows the firm's successful Bitcoin ETF launch and reflects a broader trend of institutions offering Ethereum ETFs. The SEC instructed issuers to file amended S-1 forms by Friday, but it may take a few weeks for these products to begin trading.
▶️ Check More Details Here:
https://www.sec.gov/Archives/edgar/data/2011535/000113743924001040/fets1a05312024.htm
🔔 Nexgami Hosting IDO on Multiple Launchpads !
Nexgami announces its native Token $NEXG IDO on SeaPad, BRCStarter, GameFi, EnjinStarter and Startup on Gate.io. The IDO timeline is 30 May to 3 Jun, with IDO price of $0.05 per Token, Initial MCap of $1.5 million and Total Suppy of 1 billion $NEXG. $NEXG IDO is refundable.
NexGami is a Web3 gaming platform merging traditional gaming with the Web3 ecosystem. It offers game incubation, financing, token issuance, IDOs, CEX listings, and market-making strategies. Service fees are distributed as dividends to NexGami token holders. Key features include game listings, a Launchpad, e-sports, live streaming, and Token/NFT trading markets.
▶️ Check More Details Here:
▪️Seapad
▪️Gate
▪️BRCStarter
▪️GameFi
▪️EnjineStarter
▶️ Project Socials:
Website | X | Telegram
🔔 Turkey Refutes Plans to Implement Taxes on Crypto and Stock Gains !
Turkey has canceled plans to tax profits from stocks and cryptocurrencies, considering instead a "very limited" transaction tax. Treasury and Finance Minister Mehmet Simsek emphasized fair taxation but did not specify the tax size.
▶️ Check More Details Here:
https://www.bloomberg.com/news/articles/2024-06-05/turkey-has-no-plan-to-tax-profits-on-stocks-crypto-simsek-says
🔔 Riot Platforms Declines After Bitcoin Miner Is Targeted by Short-Seller Kerrisdale !
Riot Platforms' stock dropped 7.7% following a critical report from Kerrisdale Capital, which labeled the U.S. bitcoin mining industry as one of the worst business models for public companies due to its unpredictable revenue, high costs, and regulatory scrutiny. Kerrisdale prefers Bitcoin ETFs and products, considering them better investments. Riot's stock is down 42% this year, with other mining stocks like Marathon Digital and Gryphon Digital also seeing declines.
▶️ Check More Details Here:
https://www.kerrisdalecap.com/wp-content/uploads/2024/06/RIOT-Kerrisdale.pdf
⚡️ Binance Coin (BNB) Hits New All-Time High of $716 on Binance, Currently Trading at $705.5 !
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🔔 SEC to Close Office Behind Failed DEBT Box Crypto Lawsuit !
The SEC's Salt Lake City office will close after staff attrition following a failed fraud lawsuit against DEBT Box. Lawyers Michael Welsh and Joseph Watkins resigned after being sanctioned for "gross abuse of power." A judge dismissed the case and ordered the SEC to pay $1.8 million in legal fees. The Denver office will take over enforcement jurisdiction.
▶️ Check More Details Here:
https://www.sec.gov/news/press-release/2024-67
🔔 StarkWare Launches $1M Research Fund for ZK Bitcoin Scaling !
StarkWare plans to scale Bitcoin using zero-knowledge (ZK) technology, supported by a $1 million research fund. The initiative aims to scale both Bitcoin and Ethereum using STARK cryptography, enabling everyday micropayments and supporting global Bitcoin transactions. StarkWare emphasizes their focus on scaling, not just Ethereum.
▶️ Check More Details Here:
https://x.com/StarkWareLtd/status/1797985467666940265
🔔 Deutsche Bank and Bitpanda Teams up for Real-Time Crypto Payments !
Bitpanda has partnered with Deutsche Bank to offer new features for German users. This partnership enables German customers on Bitpanda to make real-time cash deposits and withdrawals using German International Bank Account Numbers (IBANs).
▶️ Check More Details Here:
https://blog.bitpanda.com/en/bitpanda-partners-deutsche-bank-major-milestone-industry
🔔 Coinbase donates $25 million to pro-crypto PAC Fairshake after Biden's veto !
Coinbase donated $25 million to Fairshake’s super PAC, boosting its total to $161 million for the 2024 elections. Other donors include Ripple, a16z, the Winklevoss twins, and Jump Crypto. Fairshake has spent over $11.3 million, primarily against Democratic candidate Kate Porter, who lost in the primary. Key recipients of Fairshake funding are Republican Dusty Johnson and Democrat Josh Gottheimer, both involved in the FIT21 Act.
▶️ Check More Details Here:
https://fortune.com/crypto/2024/06/03/coinbase-donates-25-million-to-super-pac-fairshake-days-after-biden-vetoes-crypto-custody-bill/
🚨 Hackers Use Chrome Plugin to Steal Millions from Binance Accounts !
A Chinese trader lost $1 million to a hacking scam involving a promotional Google Chrome plugin called Aggr, which steals cookies to bypass security and access Binance accounts. The trader, known as CryptoNakamao on X, reported that on May 24, their Binance account began trading randomly, and by the time they noticed, the hacker had withdrawn all funds.
▶️ Check More Details Here:
https://x.com/CryptoNakamao/status/1797519128632381847
🔔 Binance to Delist OMG, WAVES, WNXM, XEM !
Binance will delist and cease trading for OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM) on June 17, 2024, at 03:00 (UTC). The affected trading pairs are OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, and XEM/USDT. All trade orders will be removed after trading ceases. Deposits of these tokens after June 18, 2024, at 03:00 (UTC) will not be credited, and withdrawals will not be supported after September 17, 2024.
▶️ Check More Details Here:
https://www.binance.com/en/support/articles/f65faeeefe07417a8b6dd2900ba8da7e
🔔 El Salvador's Pro-Bitcoin President Bukele Wins Second Term !
El Salvador’s pro-Bitcoin President Nayib Bukele has been sworn in for another five-year term after a landslide victory in February, generating excitement in the crypto industry. Crypto commentator Cory Bates and media guru Pete Rizzo praised Bukele's positive stance on Bitcoin and his leadership.
▶️ Check More Details Here:
https://x.com/corybates1895/status/1796939375332425979
🔔 Google and Magic Leap Join Forces to Develop Metaverse Goggles, Overcoming Past Setbacks !
Magic Leap has partnered with Google to develop new extended reality technologies, aiming to combine Magic Leap's optics capabilities with Google's infrastructure. This partnership could bring new competition to the metaverse hardware market currently dominated by Meta and Apple.
▶️ Check More Details Here:
https://www.magicleap.com/newsroom/magic-leap-and-google-partnership
🔔 ARK Invest terminates partnership with 21Shares for Ethereum ETF !
21Shares has rebranded its Ethereum spot ETF from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF and filed an updated S-1 application. ARK Invest has ended its partnership with 21Shares and will no longer be involved in the ETF. The amended Form S-1 shows no updated fees. ARK Invest decided not to move forward with the Ether ETF, citing a need to reassess its investment strategy.
▶️ Check More Details Here:
https://x.com/EricBalchunas/status/1796648691110957345
🔔 Biden vetoes bill to repeal SEC's SAB 121 on crypto custody accounting standards !
U.S. President Joe Biden vetoed a bill to overturn SEC bulletin SAB 121, which sets accounting standards for firms that custody crypto. In his letter to the U.S. House, Biden emphasized the need for guardrails to protect consumers and investors. The bulletin has faced criticism from the crypto industry, fearing it may hinder banks from safeguarding digital assets.
▶️ Check More Details Here:
https://www.whitehouse.gov/briefing-room/presidential-actions/2024/05/31/a-message-to-the-house-of-representatives-on-the-presidents-veto-of-h-j-res-109/
🚨 Japanese Exchange DMM Suffers $305M Bitcoin Loss from Private Key Breach !
Centralized cryptocurrency exchange DMM lost over $305 million in Bitcoin due to a server hack on May 30. DMM confirmed that all user deposits will be fully guaranteed. The exchange has temporarily halted withdrawals, new account openings, new spot buy orders, and all new leveraged orders, but existing limit orders will remain active.
▶️ Check More Details Here:
https://bitcoin.dmm.com/news/20240531_01
🔔 Hong Kong Orders All Unlicensed Crypto Exchanges to Cease Operations !
The SFC has mandated that all cryptocurrency exchanges in Hong Kong must apply for an operational license or cease operations. Over 22 exchanges applied, but many withdrew before the February 29 deadline. In May, six exchanges, including OKX and Huobi HK, exited the market. Gate.HK cited a need for a "major overhaul" to meet regulatory standards.
▶️ Check More Details Here:
https://www.sfc.hk/en/Welcome-to-the-Fintech-Contact-Point/Virtual-assets/Virtual-asset-trading-platforms-operators/Lists-of-virtual-asset-trading-platforms