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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.
🔔 FTX's Proposal for 'Billions in Compensation' Met with Mixed Reactions !
FTX's new proposal to repay victims of its 2022 collapse promises to reimburse all creditor claims plus "billions in compensation for the time value of their investments." The plan, subject to court approval, offers a 118% recovery to most creditors, but reimburses based on asset values at the time of FTX's bankruptcy, not current prices. FTX estimates the total distribution to creditors will be $14.5 to $16.3 billion.
▶️ Check More Details Here:
https://www.prnewswire.com/news-releases/ftx-files-consensus-based-plan-of-reorganization-302138948.html
🔔 SEC Chair: Investors Lack Crypto Disclosures Despite Wells Notices !
During a CNBC Squawk Box interview, SEC Chair Gary Gensler addressed the agency's Wells Notice against Robinhood Crypto but did not directly respond to inquiries about whether Ethereum would be classified as a commodity or security.
▶️ Check More Details Here:
https://www.theblock.co/post/292904/sec-chair-gary-gensler-says-investors-lack-needed-crypto-disclosures-following-multiple-wells-notices-according-to-cnbc
🔔 Binance CEO Calls for Release of Tigran Gambaryan, Asserts Innocence !
Tigran Gambaryan, a Binance colleague, has been detained by the Nigerian government for over 70 days. He is a respected financial crime fighter with a background in law enforcement. Tigran joined Binance to develop compliance controls and cooperate with global law enforcement. His detention has raised concerns about the treatment of mid-level employees invited for collaborative policy meetings. Tigran went to Nigeria as a functional expert in financial crime and capacity building, not as a decision-maker or negotiator.
▶️ Check More Details Here:
https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is-innocent-and-must-be-released-3634612934164622056
⚡️ News Flash - 6 May 2024 !
1️⃣ GNUS Discord Hack Results in $1.27M in Losses
On May 5, the Genius (GNUS) artificial intelligence network fell victim to a token-minting exploit, resulting in approximately $1.27 million in losses. In response, the GNUS team announced the development of a new token version and advised users against purchasing the old token.
2️⃣ iMe Smart Platform Integrates Manta Network into iMe Wallet
iMe Smart Platform Announces Manta Network Integration in iMe Wallet, Enabling Scalable Crypto Transactions via Wallet Addresses, QR Codes, and Telegram Chats in Two Clicks
3️⃣ Omnia Protocol to Conduct OMNIA Token IDO on ChainGPT Pad on 9 May
Omnia Protocol is launching its OMNIA token IDO on ChainGPT Pad on 9 May. The token price is $0.35, with a total raise of $700K and an initial market cap of $210K. The diluted valuation is $35M, with vesting terms of 15% at TGE, a one-month cliff, and linear vesting over eight months. Omnia Protocol focuses on dePIN and aggregation as an RPC provider.
4️⃣ Binance Urges Users to Convert BIDR to Other Currencies by August 20, 2024
Binance is discontinuing support for BIDR products and services, with delistings starting May 10 and ending May 17, 2024. Users should trade or convert their BIDR assets before these dates. Any remaining BIDR balances after August 20, 2024, will be automatically converted to FDUSD.
5️⃣ Jack Dorsey's Block Plans to Raise $1.5B in Senior Notes Offering
Block, formerly Square, intends to issue $1.5 billion in senior notes through a private placement to qualified institutional investors. The specific terms of the notes, such as interest rates and maturity dates, will be negotiated with initial purchasers. Eligible investors include pension funds, banks, mutual funds, and high-net-worth individuals.
🔔 Arbitrum Exceeds $150 Billion in Total Transaction Volume on Uniswap !
Arbitrum, an Ethereum Layer 2 protocol, recently achieved a milestone by surpassing $150 billion in transaction volume on the decentralized exchange Uniswap. This makes Arbitrum the first Layer 2 protocol to reach this milestone on Uniswap. The cumulative swap volume on Arbitrum reached $150.2 billion as of Today.
▶️ Check More Details Here:
https://twitter.com/Uniswap/status/1787479308740571373
🔔 FTX Transfers $8.3M One Day Before Amended Proposal Deadline !
Two wallets linked to the bankrupt FTX exchange and Alameda Research moved $8.3 million in cryptocurrency. The FTX-related wallet sent 860 Tether Gold (XAUT) valued at over $2 million to algorithmic trading firm Wintermute. Simultaneously, an Alameda-related wallet transferred 2,027 Ether (ETH) worth over $6.3 million to two unknown addresses, as reported on May 6 by PeckShield.
▶️ Check More Details Here:
https://twitter.com/PeckShieldAlert/status/1787380595347304911
🔔 Venture Capital Investment in Crypto Surpasses $1B for Second Consecutive Month !
In April, the crypto venture capital funding exceeded $1 billion for the second consecutive month. This funding was spread across 161 investment rounds, slightly lower than the $1.09 billion from 186 rounds in March, according to RootData. These consecutive months above $1 billion mark the first time since October-November 2022 that the industry has seen such sustained high funding levels.
▶️ Check More Details Here:
https://www.rootdata.com/dashboard
🔔 Uniswap founder Hayden Adams shared Key Principles for Fair and Transparent Token Distributions !
Hayden Adam's views on good token distributions focus on transparency, fairness, and avoiding practices that could manipulate or harm the market. He emphasizes the importance of distributing tokens fairly, providing real liquidity from day one, and avoiding marketing tactics that inflate token prices artificially. His principles suggest a commitment to building value and standing behind the project with integrity.
▶️ Check More Details Here:
https://twitter.com/haydenzadams/status/1786784808187621874
🔔 Sui Foundation Addresses Community Concerns !
Sui Foundation responded to community doubts, stating founder doesn't control treasury, community reserve, or stake subsidies. It holds locked tokens, and all staking rewards are returned to the community. Cyber Capital criticized 84% of staked SUI is held by the founding team, controlling the supply without lock-in or legal guarantees, with Sui not disclosing most of its token supply.
▶️ Check More Details Here:
https://twitter.com/SuiNetwork/status/1786857666398265813
🔔 BTC-e Co-Founder Alexander Vinnik Pleads Guilty in $9B Money Laundering Conspiracy !
Alexander Vinnik, co-founder of the BTC-e crypto exchange, has pleaded guilty to money laundering conspiracy. The DOJ revealed BTC-e processed over $9 billion in transactions, serving over a million users globally, including many in the U.S., laundering funds from criminal activities like hacking and drug trafficking.
▶️ Check More Details Here:
https://www.justice.gov/opa/pr/btc-e-operator-pleads-guilty-money-laundering-conspiracy
🔔 Former Cred Executives Charged with Wire Fraud and Money Laundering !
Former executives of Cred have been charged with wire fraud and money laundering, accused of engaging in deceptive practices before the company's bankruptcy in 2020. Daniel Schatt and Joseph Podulka face multiple charges, while James Alexander faces four counts. The case highlights the importance of protecting investors and markets from fraudulent schemes.
▶️ Check More Details Here:
https://www.justice.gov/usao-ndca/pr/former-ceo-cfo-and-cco-cred-llc-charged-alleged-multi-million-dollar-cryptocurrency
🔔 CFTC Commissioner Proposes AI Fraud Task Force Creation !
CFTC Commissioner Kristin Johnson has proposed three regulations for AI in U.S. financial markets: a principles-based framework for assessing AI risks, heightened penalties for AI misuse, and a task force to harmonize AI integration guidance.
▶️ Check More Details Here:
https://www.cftc.gov/PressRoom/SpeechesTestimony/johnsonstatement050224
🔔 ZKasino Scam Suspect Arrested and Over 11 Million Euros Seized in Investigation of Gambling Platform !
On April 29th, the FIOD arrested a 26-year-old man suspected of fraud, embezzlement, and money laundering related to the alleged gambling platform ZKasino. The investigation centers on a large-scale scam involving more than 30 million US dollars in cryptocurrency invested by victims worldwide.
▶️ Check More Details Here:
https://www.fiod.nl/12-million-seized-and-arrested-in-investigation-into-gambling-platform-scam/
🔔 Former FTX Executive Ryan Salame to Surrender $5.9M Bahamas Property !
Former FTX Digital Markets co-CEO Ryan Salame agreed to transfer his $5.9 million Bahamas property as part of a plea deal in a criminal case. He pleaded guilty in 2023 and is required to pay $5.6 million in restitution, which he plans to fulfill by transferring the property.
▶️ Check More Details Here:
https://restructuring.ra.kroll.com/FTX/Home-DownloadPDF?id1=MzEwMjcwOQ==&id2=-1
⚡️ News Flash - 2 May 2024 !
1️⃣ Iranian Crypto Miners Pose National Security Threat, US Lawmakers Warn
Senators Elizabeth Warren and Angus King have warned of national security risks from cryptocurrency miners in Iran, citing potential ties to the government and the use of digital assets to evade sanctions.
2️⃣ Pantera Capital Invests in TON with Optimistic Outlook on Telegram's Future
Pantera Capital has invested in The Open Network (TON) due to its connection to Telegram and the potential for TON to become a major crypto network. Telegram's incorporation of TON is seen as a significant step towards bringing crypto to a wider audience.
3️⃣ Block, Led by Jack Dorsey, Boosts Bitcoin Holdings and Sets Roadmap for Others
Block (SQ) has started a DCA program, using 10% of its monthly bitcoin-related gross profit to buy more bitcoin for the rest of 2024.
4️⃣ LeverFi Launches OmniZK Devnet for Bitcoin Developers
LeverFi's OmniZK Devnet is now live, enabling partner developers to test and operate their applications on Bitcoin. This development moves towards making the Bitcoin network scalable and interoperable for native DeFi applications.
5️⃣ US Lawmakers Call on SEC to Greenlight Bitcoin Options Trading
United States lawmakers are urging the Securities and Exchange Commission to approve options trading on Bitcoin exchange-traded products (ETPs). Representatives Mike Flood and Wiley Nickel wrote a letter to SEC Chair Gary Gensler, calling for an end to discrimination against crypto funds.
🔔 US Charges Russian National with Developing and Operating LockBit Ransomware !
The ringleader of the LockBit ransomware operation, Dmitry Khoroshev, has been unmasked and indicted by U.S. authorities. The 31-year-old allegedly acted as LockBit's developer and administrator, receiving 20% of each ransom payment, totaling $100 million in cryptocurrencies over four years. He faces more than two dozen criminal counts.
▶️ Check More Details Here:
https://www.justice.gov/usao-nj/pr/us-charges-russian-national-developing-and-operating-lockbit-ransomware
🔔 Engines of Fury IDO to Be Hosted on 13 May !
Engines of Fury's native token $FURY will have its IDO conducted on SidusPad, ChainGPT Pad, and Ape Terminal, with Total raise $150K, $250K, and $150K respectively. The IDO will be held on 13 May at 10:00 AM UTC on SidusPad and 12:00 PM UTC on ChainGPT Pad & Ape Terminal. The IDO Price is $0.20, The initial MCap is $417K, the fully diluted MCap is $24M, and the total supply is 120M $FURY.
Engines of Fury, a Web3 game, stands out as the first top-down extraction shooter. Developed for over two years by a team with AAA studio backgrounds (including Ubisoft, Blizzard, Activision, and Unity alumni), it promises a diverse gameplay experience. Players can engage in single-player, co-op, and PVPVE modes, all tied together by the $FURY token, which serves as a central element in the game's ecosystem.
▶️ Check More Details Here:
https://twitter.com/EnginesOfFury/status/1787467703013277723
▶️ Project Socials:
Website | Twitter | Telegram
🔔 Mode, a Layer 2 Network on the OP Stack, to Begin Airdrop Claims for Governance Token Today !
Mode, a Layer 2 network on the OP Stack, is starting an airdrop of 550 million Mode tokens, representing 5.5% of its total supply. The distribution is based on Mode points earned during the "Mode Sunrise" event in January, reflecting users' activities in DeFi, NFTs, and other Layer 2 networks.
▶️ Check More Details Here:
https://twitter.com/modenetwork/status/1787165497722556773
🚨 Sky News Reported, Chinese State Hacks UK Ministry of Defence !
Sky News reports that the Chinese state has hacked the UK Ministry of Defence in a data breach targeting service personnel. The breach involved a payroll system containing names and bank details, but no data appears to have been taken. The MoD is providing support to personnel and has taken down the affected system for review. The incident raises questions about intelligence sharing with China, following previous cyberattacks attributed to Chinese actors.
▶️ Check More Details Here:
https://news.sky.com/story/china-hacked-ministry-of-defence-sky-news-learns-13130757
🔔 Robinhood Receives Wells Notice from SEC !
Robinhood is facing potential legal action from the SEC following a Wells Notice received on May 4. The SEC staff's recommendations include allegations related to Robinhood's cryptocurrency listings, custody practices, and platform operations.
▶️ Check More Details Here:
https://www.streetinsider.com/SEC+Filings/Form+8-K+Robinhood+Markets+Inc.+For+May+04/23175893.html
🔔 Bitcoin Rebounds, Surpasses $65,000 within 10 Days from Low of $56,537 !
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🔔 Hoskinson Proposes Community Polls on Cardano-Bitcoin Cash Integration !
Charles Hoskinson, the founder of Cardano, conducted a hypothetical poll on the X social media platform about integrating Cardano with Bitcoin Cash. The poll garnered over 12,000 votes in 24 hours, with 66.6% voting in favor of the integration.
▶️ Check More Details Here:
https://twitter.com/IOHK_Charles/status/1786771177588871586
🔔 New Lawsuit Accuses Coinbase of Deceiving Investors !
Coinbase and CEO Brian Armstrong are facing a class-action lawsuit alleging investor deception and illegal business practices related to digital asset sales. The lawsuit, filed in California's Northern District, asserts that several cryptocurrencies, including Solana, Polygon, Near Protocol, Decentraland, Algorand, Uniswap, Tezos, and Stellar Lumens, are securities and that Coinbase knowingly violated state securities laws since its inception.
▶️ Check More Details Here:
https://storage.courtlistener.com/recap/gov.uscourts.cand.429018/gov.uscourts.cand.429018.1.0.pdf
🔔 Vodafone Explores Integrating Crypto Wallets with SIM Cards !
Vodafone plans to integrate blockchain technology into smartphone SIM cards, linking them to digital identities and blockchains. This move is part of a broader financial strategy involving Vodafone Idea Ltd., a separate entity in India.
▶️ Check More Details Here:
https://finance.yahoo.com/video/vodafone-using-sim-card-tech-050036346.html
🔔 Grayscale's GBTC Bitcoin ETF Sees $63 Million Inflows, Breaking 78-Day Outflow Streak !
Grayscale's GBTC spot bitcoin ETF saw its first daily net inflows since it converted, ending a 78-day outflow streak. GBTC had $63 million inflows on Friday, while U.S. spot bitcoin ETFs had $378.3 million inflows, the largest since March 13.
▶️ Check More Details Here:
https://twitter.com/EricBalchunas/status/1786517760937218354
⚡️ News Flash - 3 May 2024 !
1️⃣ XSwap to be Listed on MEXC, Gate, Uniswap, Aerodrome, and XSwap
XSwap announced its native token $XSWAP to be listed on MEXC, Gate, Uniswap, Aerodrome, and XSwap on 6 May 2024, 14:00 UTC.
2️⃣ Michael Saylor Claims SEC Will Classify Ether as Security, Denying Spot Ether ETFs
Michael Saylor speculated that the SEC might deny listing and trading of spot Ether exchange-traded funds, considering ETH as a crypto asset security rather than a commodity. He suggested that the SEC could treat other tokens like BNB, Solana, XRP, and Cardano similarly.
3️⃣ Address Poisoning Attack Results in Victim Losing Over $72 Million Worth of WBTC
An Unknown trader lost around $72 million worth of wrapped bitcoin in what appears to be an "address poisoning" attack. This type of attack involves the attacker mimicking the victim's address to trick them into sending funds to the wrong destination.
4️⃣ Australian Court Finds Qoin Issuer BPS Financial Guilty on Four Charges
ASIC has won a court case against BPS Financial for deceptive practices involving its non-cash payment facility powered by the Qoin token. The court found BPS made false claims about Qoin's registration, compliance, exchangeability, and merchant acceptance. Penalties may be imposed following further hearings.
5️⃣ Major Friend.tech Whale Dumps Tokens as Users Struggle to Claim Airdrop
Friend.tech's largest airdrop recipient sold over 55,000 tokens shortly after receiving them, causing price concerns. Some users, like Luke Martin, had trouble claiming their tokens.
🔔 Cross the Ages Launches a Comprehensive Overview of CTA Universe !
Cross The Ages (CTA) has launched a comprehensive video explaining the productivity of the CTA Universe, highlighting how this lore-based ecosystem might become the next big multimedia Sci-Fi Fantasy franchise. The video covers the books, the TCG, Arise, and the vision for the lands of the ReVerse.
Cross The Ages is a multimedia franchise that combines fantasy with sci-fi in a post-apocalyptic world. It includes a trading card game (TCG), action RPG, digital universe, books, and more. The TCG is free-to-play and play-and-earn, featuring cards, Heptagram, card deck, and 4x4 game board. The franchise aims to blend virtual and physical experiences, expanding beyond gaming.
▶️ Check More Details Here:
https://twitter.com/crosstheages/status/1786137784652062826
▶️ Project Socials:
Website | Twitter | Discord
🔔 EigenLayer to Distribute Approximately 28M More EIGEN Tokens Following Airdrop Backlash !
EigenLayer is airdropping around 28 million more of its EIGEN tokens to over 280,000 wallets. This follows its initial airdrop announcement and includes users who interacted with the protocol before April 29. Season 1 claimants will receive a minimum of 110 EIGEN, and Season 2 claimants will receive a minimum of 100 EIGEN.
▶️ Check More Details Here:
https://twitter.com/eigenfoundation/status/1786152862688690589
🔔 Hybrid Launches Incentivized Daily Quest to be Eligible for Airdrop !
Hybrid has introduced incentivized Daily Quests, offering participants the opportunity to earn Hybrid Points by engaging in the quests and referring friends. Points can be converted for the upcoming $HYB airdrop. A new quest is added daily at 12:00 PM UTC.
Hybrid is an EVM-compatible Layer 1 blockchain that integrates a Mixture of Experts (MoE) framework, allowing for the easy creation and monetization of AI agents in a plug and play manner. It aims to build Web3's premier ecosystem of AI experts, agents, and data.
▶️ Check More Details Here:
https://twitter.com/BuildOnHybrid/status/1780133875294826532
▶️ Project Socials:
Website | Twitter | Telegram
🔔 Charges Filed Against Idin Dalpour in $43M Crypto Ponzi Scheme Fraud !
Idin Dalpour faces wire fraud charges linked to an alleged Ponzi scheme that scammed investors out of more than $43 million, as per an indictment revealed by the United States Attorney's Office for the Southern District of New York.
▶️ Check More Details Here:
https://financefeeds.com/idin-dalpour-charged-with-fraud-in-43m-crypto-ponzi-scheme/