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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.
🔔 US Regulators Shut Down Republic First Bank !
Philadelphia-based Republic First Bank has been closed by regulators, marking the first banking failure of 2024 in the United States. The Pennsylvania Department of Banking and Securities seized the bank on April 26, appointing the Federal Deposit Insurance Corporation (FDIC) as its receiver. With approximately $6 billion in assets and $4 billion in deposits as of January 31, Republic First's 32 branches across New Jersey, Pennsylvania, and New York will reopen under Fulton Bank's management by next week. The news has prompted discussions within the crypto community about the advantages of cryptocurrencies amid traditional banking failures.
▶️ Check More Details Here:
https://www.fdic.gov/news/press-releases/fulton-bank-na-lancaster-pennsylvania-assumes-substantially-all-deposits
🔔 Binance Seeks Court Insight into US Government's Stance on USDC !
Binance and its former CEO, Changpeng Zhao, filed a notice with the court in their case with the SEC, seeking to establish the government's position on stablecoins as a security. The move is part of the ongoing legal battle between Binance, CZ, and the SEC, with the filing referencing the government's arguments in a criminal case against a different individual involving the treatment of USD Coin as a security.
▶️ Check More Details Here:
https://storage.courtlistener.com/recap/gov.uscourts.dcd.256060/gov.uscourts.dcd.256060.236.0.pdf
🔔 Chinese 'Crypto Dad' Under Government Investigation !
China has reportedly launched an investigation into Yao Qian, a key figure in the Chinese blockchain community, on suspicion of legal violations. Yao, known as China's "Crypto Dad," currently serves as the director of the Science and Technology Supervision Bureau at the China Securities Regulatory Commission. He previously played a significant role in China's central bank digital currency research. The investigation by the Central Committee of the Communist Party of China is based on allegations of "serious violations" of discipline and law, although details of the violations have not been disclosed.
▶️ Check More Details Here:
https://news.cnstock.com/news,bwkx-202404-5224516.htm
⚡️ News Flash - 25 Apr 2024 !
1️⃣ FBI Cautions Americans Against Using Unregistered Crypto Money Transmitting Services
The FBI has warned Americans against using crypto services from unregistered Money Services Businesses (MSBs) under federal law. They provided a tool from FinCEN to verify registration.
2️⃣ Pantera Capital Aims to Raise $1 Billion for New Crypto Fund
Pantera Capital is aiming to raise over $1 billion for its new fund, Pantera Fund V, which will provide investors with exposure to various blockchain assets, including startup equity, early-stage tokens, and liquid tokens.
3️⃣ Franklin Templeton Boosts $380M Tokenized Treasury Fund for Peer-to-Peer Transfers
Franklin Templeton has enabled peer-to-peer token transfers for its $380 million tokenized money market fund, the Franklin OnChain U.S. Government Money Fund (FOBXX), allowing investors to transfer the fund's BENJI token between each other without intermediaries.
4️⃣ SEC Evaluates Exchanges' Surveillance and Enforcement for Bitcoin Exchange-Traded Products
The SEC is seeking feedback on a proposal to allow trading options on Bitcoin exchange-traded products, focusing on market impact and surveillance mechanisms. Comments are due by May 15, 2024, with rebuttals accepted until May 29, 2024.
5️⃣ USDT's Exchange Balance Reaches Highest Level in a Year and Continues to Rise
Exchanges are accumulating more Tether (USDT), with the 7-day moving average of USDT held by exchanges reaching $568 million earlier this month, the highest in a year. This positive trend began in February, suggesting a steady increase in exchanges' USDT holdings.
🔔 Stripe to Begin Accepting Crypto Payments, Starting with USDC Stablecoin, After 6-Year Break !
Stripe has announced that it will allow customers to accept cryptocurrency payments, starting with USDC stablecoins on Solana, Ethereum, and Polygon. This marks Stripe's return to crypto payments since 2018 when it dropped support for Bitcoin due to its volatility. The announcement was made by Stripe co-founder and President John Collison at the company's Connect developer conference.
▶️ Check More details Here:
https://youtu.be/GnSlQz-14JY?t=3418
🔔 US SEC Expected to Reject Spot Ether ETFs in May !
The United States Securities and Exchange Commission (SEC) is expected to deny spot Ether exchange-traded funds (ETFs) in May, according to a new report. Recent meetings between issuers and the SEC have been one-sided, with agency staff not discussing substantive details about the proposed products. Analysts believe that approval will likely be delayed until later in 2024 or longer due to the regulatory landscape being unclear.
▶️ Check More Details Here:
https://www.reuters.com/markets/us/us-sec-expected-deny-spot-ether-etfs-next-month-industry-sources-say-2024-04-25/
🔔 Morgan Stanley Considering Allowing Brokers to Promote Bitcoin ETFs to Clients: Report !
Morgan Stanley is reportedly considering allowing its brokers to recommend spot bitcoin ETFs to customers, setting requirements for risk tolerance and trading limits. Other major brokerage firms have already started offering spot bitcoin ETFs on an unsolicited basis.
▶️ Check More Details Here:
https://www.advisorhub.com/morgan-stanley-explores-letting-brokers-recommend-bitcoin-etfs-sources/
🔔 Samourai Wallet Founders and CEO Arrested, Charged with Money Laundering !
Keonne Rodriguez and William Lonergan Hill, founders of the Samourai Wallet crypto-mixing service, have been charged by federal prosecutors with helping launder $100 million in crime proceeds. They are accused of a money laundering conspiracy and operating an unlicensed money transmitting business from 2015 through February 2024. Samourai Wallet Website has been seized.
▶️ Check More Details Here:
https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering
🔔 Storyfire (BLAZE) to Be Listed on 25 April !
Storyfire native token $BLAZE will be listed tomorrow on MEXC, Gate at 12:00 PM UTC and on PancakeSwap at 12:05 PM UTC. Storyfire has recently concluded its IDO on Decubate and got sold out within 8 Seconds, and completed guaranteed sale on AiTechPad and will host FCFS round tomorrow. The IDO price of the $BLAZE token is $0.0004, initial MCap is $627,429 and Total Supply is 20B $BLAZE. Storyfire has recently completed its Investment round backed by Octavia Ventures, Genesis Capital, TGE Ventures and GDA Capital.
StoryFire is a platform combining SocialFi, GameFi, and DeFi into a unified experience, simplifying connections between gaming, social media, and decentralized finance. Features include StoryFire Oasis for metaverse experiences, StoryFire SocialFi with an AI content creation tool, and StoryFire DeFi for $BLAZE token interoperability.
▶️ Check More Details Here:
https://twitter.com/storyfireapp/status/1783107709648191527
▶️ Project Socials:
Website | Twitter | Telegram
🚨Update: Central Bank of Nigeria called it false news, Cointelegraph/Coindesk and other agencies misquoted it.
https://twitter.com/cenbank/status/1783081492018602076
🚨Update: Central Bank of Nigeria called it false news, Cointelegraph/Coindesk and other agencies misquoted it.
https://twitter.com/cenbank/status/1783081492018602076
🔔 Nigerian Central Bank to Freeze User Accounts on Bybit, KuCoin, OKX & Binance, CBN Denies !
The Central Bank of Nigeria has directed banks to identify and restrict accounts transacting with unlicensed crypto exchanges, placing them on Post No Debit (PND) for six months. Bybit, KuCoin, OKX, and Binance are among the exchanges listed as not licensed in Nigeria.
▶️ Check More Details Here:
https://cointelegraph.com/news/nigerian-central-bank-freeze-user-accounts
🔔 Gull Network Announces Its Testnet is Live Now !
The Gull Network Testnet is currently live and will continue until 29 April. Participants can explore the platform's features in a controlled environment. Rewards totaling $10,000, split between $MANTA and $GULL tokens, will be distributed. Additionally, 500 participants who complete the testnet tasks will have the opportunity to mint a Testnet NFT, redeemable for $GULL and $MANTA tokens after the launch.
Gull Network is a decentralized platform for token launches, powered by Manta Network. It offers codeless DeFi product creation and management, sniper-proof liquidity provisions, and simplified tokenization through GullSwap. Gull Network aims to revolutionize blockchain with user-centric, transparent, and decentralized solutions.
▶️ How to Participate:
▪️Visit https://pacific-info.sepolia-testnet.manta.network/
▪️Add Sepolia Manta testnet to the EVM wallet
▪️Claim Faucet
▪️Trade with any pair three times: https://app.gullnetwork.com/swap
▪️Add liquidity to one pair: https://app.gullnetwork.com/liquidity
▶️ Check More Details Here:
https://twitter.com/GullNetwork/status/1782348938739323181
▶️ Project Socials:
Website | Twitter | Telegram
🔔 Blockchain Association and Crypto Freedom Alliance of Texas Take Legal Action Against SEC Over Recently Adopted Dealer Rule !
The Blockchain Association and the Crypto Freedom Alliance of Texas have sued the U.S. Securities and Exchange Commission over a newly adopted dealer rule, alleging violations of the Administrative Procedures Act. They seek to "strike down" the rule and prevent its use against the industry.
▶️ Check More Details Here:
https://theblockchainassociation.org/blockchainassociation-and-crypto-freedom-alliance-of-texas-file-lawsuit-challenging-secs-unlawful-dealer-rule-that-threatens-american-industry-and-innovation/
🔔 Orbital7 (ORB7) IDO to Be Hosted on Ordify !
Orbital7 announces its native token $ORB7 IDO will be conducted on Ordify. The IDO date is not announced yet. The IDO price is $0.006 with IDO allocation of 41,666,666 $ORB7, Initial MCap is $423.6K and Total Supply is 2B $ORB7.
Orbital7 is a suite of development tools tailored for Bitcoin Centric Networks, simplifying the creation and management of digital assets like Runes and BRC20 on the Bitcoin network. Backed by a team with extensive experience from industry giants like Vanguard Group and BlackRock, Orbital7's business model involves burning 50% of user fees to enhance the token's value.
▶️ Check More Details Here:
https://twitter.com/Orbital7BTC/status/1782423924866764923
▶️ Project Socials:
Website | Twitter | Telegram
🔔 PayPal Considers 'Cryptoeconomic' Incentives for Sustainable Bitcoin Miners !
PayPal, in collaboration with Energy Web and DMG Blockchain Solutions, has proposed using "cryptoeconomic incentives" to encourage Bitcoin miners to use low-carbon energy sources. This initiative aims to make sustainable Bitcoin mining more economically attractive and is open to industry feedback for potential improvements.
▶️ Check More Details Here:
https://pyusd.mirror.xyz/P2fyue5RNhdOAV_IREgLPkj70vk-7zLAAw7Rk39s0iw
⚡️ News Flash - 26 Apr 2024 !
1️⃣ John Deaton Files Amicus Brief Supporting Coinbase Appeal Against SEC
John Deaton, a crypto lawyer running for Senate against Elizabeth Warren, filed a pro bono amicus brief supporting Coinbase's appeal in its case against the SEC. The brief, submitted on April 26, represents the interests of 4,701 Coinbase customers in the motion for interlocutory appeal.
2️⃣ zkLink Launches Binance Web3 Activity, Offering 1 Million $ZKL Token Airdrop
Participants can earn $ZKL tokens by completing various tasks, including depositing on Nova, depositing any amount of ETH on LayerBank, swapping tokens on iZiSwap (with a minimum of 5 USDT worth), and supplying tokens to Aqua.
3️⃣ Engines of Fury Introduces Dan Khomenko, Founder and CEO of SIDUS HEROES & SIDUS PAD, as an Advisor
Engines of Fury welcomed Dan Khomenko, CEO of SIDUS HEROES & SIDUS PAD, as an advisor. Dan's track record includes achieving 110x IDOs and developing games like SIDUS HEROES. He selected $FURY for the acceleration program and its first IDO on SIDUSPad.
4️⃣ Solana 'Chapter 2' Mobile Phone Cost Briefly Covered by Memecoin Airdrops
Two cat-themed memecoin airdrops for Solana "Chapter 2" phone customers briefly covered the device's cost on Thursday. The airdrops' combined value is around $385, while pre-orders for the phone stand at $450 ahead of its anticipated 2025 release.
5️⃣ Pantera Acquires More Discounted Solana Tokens in FTX Bankruptcy Auction: Report
Pantera Capital secured Solana tokens in an auction held by the administrators overseeing the bankruptcy of the former FTX exchange. About 2,000 SOL tokens were sold, subject to a vesting period. Sold at a higher price than the previous auction, more auctions are anticipated.
🔔 UK Police Can Seize Criminal Crypto Holdings Without Arrests !
The United Kingdom has granted expanded authority to its National Crime Agency and police to seize, freeze, and destroy cryptocurrency used by criminals, effective from April 26. The new rules allow for the seizure of crypto holdings without making an arrest first, along with the seizure of items like passwords and memory sticks to aid investigations.
▶️ Check More Details Here:
https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live
🔔 SEC Sues Geosyn, a Bitcoin Miner, Alleging $5.6M Fraud by Founders !
The U.S. SEC has filed a lawsuit against Geosyn Mining and its co-founders, alleging they defrauded investors of $5.6 million. The lawsuit claims Geosyn lied about the number of crypto mining rigs it operated and misused customer funds for personal expenses. The SEC alleges that Geosyn falsely claimed to have cheap energy contracts and misrepresented its mining operations.
▶️ Check More Details Here:
https://www.sec.gov/litigation/litreleases/lr-25983
🔔 Consensys Sues SEC, Seeks Court Declaration that Ethereum Token is Not a Security !
Consensys has filed a lawsuit against the SEC, arguing that Ethereum's Ether token is not a security and challenging the SEC's jurisdiction over Ethereum. The lawsuit aims to prevent an SEC lawsuit against Consensys over its MetaMask wallet.
▶️ Check More details Here:
https://fortune.com/crypto/2024/04/25/sec-sued-over-ethereum-crypto-firm-asks-court-to-state-token-is-not-a-security/
🔔 Aethir Introduces Aethir Cloud Airdrop !
Aethir has launched Aethir Cloud Drop, an airdrop campaign where participants can earn rewards by completing tasks such as purchasing Aethir Checker nodes, engaging on social media, participating in quizzes, referring friends, and being part of specific NFT/token communities. The campaign runs until May 12, marking the final stage before Aethir's official launch.
▶️ How To Participate:
▪️Visit https://airdrop.aethir.com
▪️Connect your wallet
▪️Automatically receive badges based on eligibility
▪️Complete quests for more badges
▪️Refer friends for a referral badge
▪️Earn referral points from your referrals' activities
▶️ Check More Details Here:
https://twitter.com/AethirCloud/status/1783481210959737185
▶️ Project Socials:
Website | Twitter | Telegram
🔔 Nigeria's President Appoints New SEC Chair to Regulate Capital Market and Advance Economic Development !
President Bola Tinubu has approved the appointment of Emomotimi Agama as the Director-General of the Securities and Exchange Commission (SEC) and Mairiga Aliyu Katuka as the commission's board Chairman. Nigeria's blockchain stakeholders are optimistic about Agama's appointment due to his pro-crypto background, believing it will benefit the local crypto industry, especially in streamlining licensing processes for crypto platforms.
▶️ Check More Details Here:
https://businessday.ng/news/article/tinubu-appoints-emomotimi-agama-as-new-dg-of-sec/
🔔 'Buy Bitcoin' Sign Displayed Behind Yellen Sold for $1 Million at Auction !
A yellow legal pad with "Buy Bitcoin" Written on it, used as a makeshift sign during Janet Yellen's 2017 Congressional testimony, was sold for $1.027 million in an auction.
▶️ Check More Details Here:
https://www.bloomberg.com/news/articles/2024-04-24/-buy-bitcoin-sign-shown-behind-yellen-sells-for-1-million-at-auction
🔔 Exverse Listed on Bybit, Gate & Mexc !
Exverse announces its native token $EXVG is Listed on Bybit, Gate and Mexc and currently trading at $0.13152 (~3.28x), the ATH price of $EXVG is $0.446 (~11.15x). Exverse has recently concluded its IDO on Bybit Web3 Launchpad with IDO Price of $0.04, Total Supply of the Token is 400M $EXVG.
Exverse is a new AI-powered free-to-play universe with intricate world-building, lore, and novel gameplay systems, all built on Unreal Engine 5. Players can explore three distinct planets, own, trade, sell, and rent their in-game assets through an in-game marketplace. Developed by a studio with a history of working on AAA games like Apex Legends and Call of Duty, Exverse offers an immersive gaming experience.
▶️ Check More Details Here:
https://twitter.com/exverse_io/status/1783099207345439134
▶️ Project Socials:
Website | Twitter | Telegram
🔔 Hong Kong's Bitcoin and Ethereum ETFs Approved for Trading, Set to Begin on 30 April !
Hong Kong has officially approved six crypto-based spot ETFs, including three spot bitcoin and three spot ether ETFs, for trading starting April 30. This move positions Hong Kong as a hub for digital assets.
▶️ Check More details Here:
https://www.theblock.co/post/290654/hong-kong-bitcoin-and-ether-etfs-to-start-trading-april-30
🔔 Bitcoin Payments App Strike Expands Services to European Users !
Strike has launched in Europe, allowing users to buy, sell, send, and withdraw bitcoin, and make local currency payments. The app supports free unlimited SEPA euro deposits, scheduled purchases, and free on-chain withdrawals.
▶️ Check More Details Here:
https://strike.me/blog/announcing-strike-europe/
🔔 US Seeks 36-Month Prison Sentence for Binance Founder Changpeng Zhao !
According to Reuters, Changpeng Zhao, the founder of Binance, may serve 36 months in prison after pleading guilty to violating money laundering laws, as stated by U.S. prosecutors. Zhao is expected to be sentenced on April 30 in Seattle.
▶️ Check More Details Here:
https://www.reuters.com/legal/us-seeks-36-months-jail-binance-founder-zhao-2024-04-24/
▶️ Court Filing:
https://www.courtlistener.com/docket/68025988/78/united-states-v-zhao/
🔔 SEC Requests Feedback on BlackRock's Revised Proposal for Spot Ethereum ETF !
In January, the SEC postponed its decision on BlackRock's spot Ethereum ETF. On April 19, Nasdaq filed an amendment to the proposal, discussing the ETF's creation and redemption process.
▶️ Check More Details Here:
https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2023-045_Amendment_1.pdf
🔔 Renzo (EZ) Farming Starts On Binance Launchpool From 24 Apr !
▶️ Token Info:
▪️ Ticker: $EZ
▪️ Total Supply: 10B $EZ
▪️ Launchpool Rewards: 250M $EZ (2.5% of max token supply)
▪️ Initial Circulating Supply: 1.05B $EZ (10.5% of max token supply)
▶️ Staking Info:
▪️ Token staked: BNB, FDUSD
▪️ Farming period: 24 Apr ~ 29 Apr
▪️ Hourly Hard Cap per User:
▫️ BNB: 147,569.44 $EZ
▫️ FDUSD: 26,041.67 $EZ
▶️ Listing Info: Binance will list $EZ on 30 Apr, 12:00 (UTC)
▶️ Check More Details Here :
https://www.binance.com/en/support/announcement/b1e64410cc9c4ab29687392f5581a61b
🔔 Binance Faces Lawsuit in Canada for Alleged Securities Law Violations !
Binance is facing a class-action lawsuit in Canada for allegedly violating securities laws by selling crypto derivative products to retail investors without registration. The lawsuit seeks damages and rescission of unlawful trades.
▶️ Check More Details Here:
https://www.canlii.org/en/on/onsc/doc/2024/2024onsc2302/2024onsc2302.html#document
🔔 Ledger Live Partners with MoonPay to Provide Crypto Swap and Instant-Buy Services !
Ledger Live will soon offer new crypto instant-buy and swap services through MoonPay, following an investment by MoonPay in the hard wallet company. The partnership also includes collaboration on educational content for cryptocurrency traders.
▶️ Check More Details Here:
https://twitter.com/Ledger/status/1782401653171245061