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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.
🔔 Report: Ex-Bank Executives in China Accused of Laundering $248 Million Through Cryptocurrency !
A Chinese bank uncovered a scheme involving its former executives laundering 1.8 billion yuan ($248 million) using cryptocurrency. The suspects converted funds to foreign currency, bought cryptocurrencies via WeChat, and sold them abroad, transferring proceeds to Hong Kong. One suspect, Chen, was sentenced to 2 years and 3 months in prison and fined 2 million yuan. The cases against the other executives are ongoing.
▶️ Check More Details Here:
https://nbd.com.cn/articles/2024-06-17/3430250.html
🔔 Crypto Trading Firm Cumberland Obtains New York BitLicense !
Cumberland, a cryptocurrency trading firm, has obtained a BitLicense from the NYDFS, allowing it to operate as a virtual currency company. This license enables Cumberland to forge strong trading relationships with institutional counterparts in New York. The firm is among the limited number of principal trading firms holding this regulatory approval in the state. The BitLicense requirement for crypto firms in New York has been contentious, with critics like Mayor Eric Adams suggesting it stifles innovation and economic growth.
▶️ Check More Details Here:
https://x.com/CumberlandSays/status/1802727346824253442
🔔 Coinbase Opens Pre-Launch Trading on International Platforms !
Coinbase is offering a new feature called "pre-launch markets" that lets some users trade on upcoming cryptocurrencies before they even launch. This allows traders to speculate on the future value of these new tokens.
▶️ Check More Details Here:
https://www.coinbase.com/blog/introducing-pre-launch-markets-on-coinbase-international-exchange-and
🔔 Binance to List ZKsync (ZK) Alongside ZK Token Distribution Program !
Binance will list ZKsync (ZK) and open trading for ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY pairs on June 17, 2024, at 08:00 UTC. Deposits are now open, and withdrawals will be available starting June 18, 2024, at 08:00 UTC.
▶️ Check More Details Here:
https://www.binance.com/en/support/announcement/d87a9b01d6634ad1a36d984cc54595ee
🔔 Experts Predict Maduro Will Try to Circumvent New Sanctions on Venezuela !
Venezuelan activists and policy analysts are urging tougher sanctions and investigations into how President Nicolás Maduro’s government is using cryptocurrencies to bypass international restrictions. This comes after the US reinstated gold and oil sanctions on May 31 due to Maduro's failure to honor an agreement for fair elections in July. The US has imposed targeted sanctions on Venezuelan individuals and entities for nearly two decades.
▶️ Check More Details Here:
https://www.bloomberg.com/news/articles/2024-06-16/venezuela-watchers-say-maduro-will-seek-to-evade-latest-sanction
🔔 Donald Trump Pledges to End Biden's 'War on Crypto' !
Former President Donald Trump pledged to end President Biden's "war on crypto" if re-elected, promising to make the U.S. a leader in the industry. Speaking on his 78th birthday, Trump criticized Biden's harsh stance on crypto and vowed to secure the future of Bitcoin and crypto in America.
▶️ Check More Details Here:
https://www.youtube.com/watch?v=D5jSRqT7VmM
🔔 Competing Claims Filed for Bankman-Fried's Forfeited Assets in FTX Bankruptcy !
Three groups have filed claims over assets seized from Sam Bankman-Fried following his criminal conviction. The FTX debtors' estate argues that the assets, including funds in bank accounts and political contributions, were not his to forfeit, as they were held in the name of FTX entities or funded by FTX assets. They believe granting their claim will benefit all creditors and stakeholders, including victims of Bankman-Fried's crimes.
▶️ Check More Details Here:
https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.450.0.pdf
🔔 CISA issues warning about fake Federal employees targeting crypto investors !
The Cybersecurity and Infrastructure Security Agency (CISA) issued an alert on June 12 about a rise in impersonation scams involving the names and titles of government employees. CISA emphasized that its staff will never request money wiring, cash, cryptocurrency, or gift cards.
▶️ Check More Details Here:
https://www.cisa.gov/news-events/alerts/2024/06/12/phone-scammers-impersonating-cisa-employees
⚡️ News Flash - 14 Jun 2024 !
1️⃣ Report: Former Binance CEO 'CZ' Holds 64% of Circulating BNB Supply
Former Binance CEO Changpeng Zhao (CZ) owns 64% of Binance Coin's circulating supply, around 94 million BNB tokens, per a Forbes report. Binance and CZ together control 71% of the 147 million BNB in circulation, making Zhao the 24th richest person globally with an estimated net worth of $61 billion.
2️⃣ Uniswap Labs' 'Crypto: The Game' Nominated for Emmy Award
Uniswap Labs' "Crypto: The Game (CTG)" is a contender for an Emmy nomination in the Outstanding Emerging Media Program category, featuring ten tribes of 80 players competing in daily survival challenges.
3️⃣ Gemini Agrees to Additional $50 Million Settlement Over Earn Program
The New York Attorney General's office has recovered over $50 million from Gemini, settling a lawsuit over the exchange's Earn program. Gemini was accused of defrauding investors by not disclosing risks and locking them out of their accounts.
4️⃣ Notcoin Price Surges Over 15% as Telegram's TON Reaches New All-Time High
Notcoin (NOT) surged over 15% on Friday, surpassing $0.20 and reversing its previous downtrend since its all-time high of $0.028 on June 2. The rise is linked to the increasing popularity of Telegram-based "x to earn" games. Daily active wallets on the TON blockchain have surpassed 547,000, indicating significant growth.
5️⃣ Turkey Imposes New 0.03% Transaction Tax on Cryptocurrency
Turkey plans to introduce new taxes, including a 0.03% transaction tax on cryptocurrency trading, to address the budget deficit caused by 2023's earthquakes. This move aims to change the approach to financial transaction regulation and could bring in an estimated 3.7 billion liras a year.
🔔 Pixelverse Raises $5.5M from Leading VCs and Web3 Founders !
Pixelverse is a cyberpunk video game ecosystem where players can explore a neon-lit world, battle, craft robots, and participate in quests. Developed by a team with experience from Binance, the game aims to be the largest 2D world using procedural generation technology and an EVM L1 blockchain for third-party mini-games.
▶️ Investors:
Delphi Ventures | Mechanism Capital | Merit Circle | Foresight Ventures | LiquidX | Big Brain Holdings | Dingaling | DCF GOD | Gleb Kostarev | Sebastien | Luca Netz | Grail.Eth & Angels From The Sandbox | Animoca Brands | Yield Guild Games | Delabs | NGC Ventures | Biconomy | DeWhales Capital
▶️ Check More Details Here:
https://x.com/pixelverse_xyz/status/1800925195626062039
▶️ Project Socials:
Website | X | Telegram
🔔 Trader Allegedly Loses $310K on Suspicious Exchange Promoted in LinkedIn Request !
An investor reportedly lost $310,000 to a fraudulent crypto trading platform called "Ethfinance" after being contacted through an unsolicited LinkedIn connection request. The Washington State Department of Financial Institutions issued a consumer alert regarding the alleged scam on June 13.
▶️ Check More Details Here:
https://dfi.wa.gov/consumer/alerts/alleged-cryptocurrency-platform-ethfinance-appears-be-engaged-fraud
⚡️ News Flash - 13 Jun 2024 !
1️⃣ Paradigm Secures $850M for Its Third Crypto Fund
Venture capital firm Paradigm has closed a third fund, securing $850 million to invest in early-stage crypto and blockchain projects. Announced on June 13, this fund is one of the largest crypto fund raises in history, coming after a rebound in crypto markets.
2️⃣ Curve Founder Repays 93% of $10M Bad Debt Resulting from Liquidation
Michael Egorov, founder of Curve Finance, repaid 93% of $10 million in bad debt caused by a soft liquidation. The incident occurred during a hacking attempt, leading to a 28% drop in CRV token price. Egorov faced $140 million in liquidations after borrowing $95.7 million in stablecoins against $141 million in CRV across multiple accounts.
3️⃣ Terraform Labs to Stop Operations, Handing Control to Terra Community
Chris Amani, CEO of Terraform Labs, has announced that the firm will cease operations following a $4.47 billion settlement with the United States Securities and Exchange Commission.
4️⃣ Chinese Court Convicts Gang for Money Laundering Using Digital Yuan
A court in China has sentenced members of a "gang" to prison and fines for money laundering using the yuan central bank digital currency. Three individuals received prison terms ranging from seven to 16 months for laundering 200,000 Chinese yuan ($27,580) in digital form over four days in Shaoxing. A fourth person was arrested, but their fate was not specified.
5️⃣ US Spot Bitcoin ETFs See Net Inflows of $101 Million
US bitcoin ETFs attracted $100.9 million in net inflows on Wednesday after two days of outflows. Fidelity's FBTC led with $51 million, followed by BlackRock's IBIT with $16 million.
🔔 Gensler Predicts Ethereum ETF S-1 Approvals Likely "Over the Course of This Summer" !
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🔔 Navaix Launches Testnet Challenge on Zealy !
NAVAIX has introduced the Testnet Challenge on Zealy, offering participants a chance to win a share of a $5,000 prize pool. The challenge runs from 12 June to 10 July, 2024. Participants can join the campaign on Zealy, explore the Testnet, provide feedback, and compete to be one of 200 winners.
NAVAIX simplifies decentralized exchanges (DEX) with AI, offering a multichain ecosystem that integrates EVM and Non-EVM chains for seamless, low-latency trading. Its design reduces Extractable Value (MEV) on Ethereum L1 and enables fast transactions. The AI-Enhanced Perp DEX aims to provide high trading efficiency and optimal returns for users of all ages and financial capacities.
▶️ Check More Details Here:
https://x.com/NAVAIX_xyz/status/1800963375226331549
▶️ Project Socials:
Website | X | Telegram
🚨 JUST IN: UwU Lend Attacked Again by Same Exploiter, Incurring $3.7M Loss !
On-chain data reveals that UWU Lend has suffered another attack by the same exploiter. This incident follows UWU Lend's announcement that it had repaid all bad debt.
▶️ Check More Details Here:
https://etherscan.io/tx/0x9235e0662e230bdfa94f56f4932fd09a95fea17e4b9b44a4f40a59449e216110
🔔 Nansen: 41% of Leading ZK Airdrop Wallets Have Fully Sold Their Tokens !
Nearly half of the top wallets that received the new zkSync (ZK) token in the recent airdrop have sold their entire allocation, leading to a 34.5% drop in ZK's price. Blockchain analytics firm Nansen reports that 41% of tracked addresses sold all their tokens, 29.2% sold some, and 30% retained their ZK tokens. This analysis covers the top 10,000 addresses, representing 1.4% of the 695,232 eligible wallets.
▶️ Check More Details Here:
https://query.nansen.ai/public/dashboards/uHhTXjQbXiR6OCB1BXlmOAujStIPCfJdPleAknZa?org_slug=default
🔔 Ta-Da Launches Incentivized Social Media Engagement Feature !
Ta-da, a platform with experience in micro-tasking for AI companies, has introduced a new feature for social media engagement. Businesses can now utilize Ta-da to incentivize user actions like follows, likes, and reposts on their social media content. This feature aims to provide targeted engagement through user data, potentially leading to a more relevant audience for businesses.
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/1802612287401820362
▶️ Project Socials:
Website | X | Telegram
🔔 Bitget Wallet Unveils Smart Money Feature for Solana, Enables Cross-Chain Transactions !
Bitget Wallet has introduced the "Smart Money" feature for Solana in Bitget Swap. This AI tool tracks over 100,000 addresses, allowing users to monitor professional investors' trades. It also supports Ethereum, Base, and BNB Chain.
▶️ Check More Details Here:
https://chainwire.org/2024/06/17/bitget-wallet-launches-smart-money-feature-for-solana-introduces-cross-chain-transactions/
🔔 Crypto Startup Funding Surpasses $100 Billion !
Over $100 billion has been raised for cryptocurrency startups since May 2014. As of June 16, 2024, total funding is $101.35 billion, per DefiLlama. May 2014 saw $17.14 million raised, while May 2024 saw $280.25 million, down from April's $777.11 million.
▶️ Check More Details Here:
https://defillama.com/raises
🔔 Arthur Hayes Deposits 3,000 ETH Worth $10.67 Million into Etherfi's LRT Protocol !
BitMEX founder Arthur Hayes deposited 3,000 ETH (approximately $10.67 million) to the LRT protocol EtherFi today at 08:39 UTC, according to Arkham Data. Hayes has 1,034.5 ETH left in his address, which is being used for EtherFi's liquid yield.
▶️ Check More Details Here:
https://debank.com/profile/0xa86e3d1c80a750a310b484fb9bdc470753a7506f
🔔 Binance Co-Founder Urges Elon Musk to Address Cryptocurrency Scams on Platform X !
Yi He, co-founder of Binance, expressed concerns about cryptocurrency scams on Elon Musk's X.com platform, highlighting impersonation scams using her name and handle. She warned users about a scam directing them to click on a link for Binance-backed memecoins, which do not exist, potentially leading to financial loss.
▶️ Check More Details Here:
https://x.com/heyibinance/status/1801732167917256859
🔔 Deutsche Telekom reveals Bitcoin mining strategy at BTC Prague !
T-Mobile Deutsche Telekom announced plans to start mining Bitcoin, expanding its crypto activities. The firm has been operating a Bitcoin node and Bitcoin Lightning nodes since 2023. At BTC Prague, Dirk Röder, Head of Web3 Infrastructure and Solutions, hinted at a new initiative termed "digital monetary photosynthesis."
▶️ Check More Details Here:
https://x.com/BTCGandalf/status/1801760846366052791
🔔 Australia's First Spot Bitcoin ETF Gets Approval from Securities Exchange !
Australia’s largest stock exchange, ASX, has approved its first spot Bitcoin ETF, set to start trading on June 20. Issued by VanEck, the VanEck Bitcoin ETF (VBTC) aims to meet the growing demand for Bitcoin exposure. This follows VanEck's recent launch of a similar ETF in the U.S.
▶️ Check More Details Here:
https://www.businesstimes.com.sg/companies-markets/first-bitcoin-etf-list-australias-bourse-global-wave
🔔 BREAKING: Spot Ether ETF Launch May Come Earlier, Possibly by July 2 According to Eric Balchunas !
According to BBG Analyst Eric Balchunas, The spot Ether ETF launch is now expected on July 2. The SEC sent comments on S-1s, which are minor, and issuers have a week to respond. There's a chance the SEC will declare them effective the following week.
▶️ Check More Details Here:
https://x.com/EricBalchunas/status/1801725292404261308
🔔 Nigeria Withdraws Tax Charges Against Binance Executives !
Tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla in Nigeria have been dropped. Only Binance, represented by its local entity, remains as the defendant. Gambaryan, who is ill, no longer needs to appear in court for this case but remains involved in a separate money laundering charge by the EFCC.
▶️ Check More Details Here:
https://www.ft.com/content/3e72f9ad-7950-4e9e-9ae7-72ea67263030
🔔 UwU Lend Announces $5M Bounty for Identifying Exploiter !
The UwU Lend protocol team is offering a $5 million bounty to identify its attacker after a second exploit. In a June 13 on-chain message, UwU announced the bounty after the hacker missed a deadline to return 80% of the stolen funds. The bounty will be paid in Ether (ETH) before any funds are recovered or charges are laid.
▶️ Check More Details Here:
https://etherscan.io/idm?addresses=0x5dd596c901987a2b28c38a9c1dfbf86fffc15d77,0x841ddf093f5188989fa1524e7b893de64b421f47&type=1
🔔 President Biden Reveals Nominations for SEC, FDIC, and Treasury Leadership !
President Joe Biden plans to nominate Christy Goldsmith Romero, a pro-crypto CFTC commissioner, as FDIC Chair, replacing Martin Gruenberg. Kristin Johnson, another CFTC commissioner, is set to become the next Assistant Secretary for Financial Institutions at the Treasury Department, while Caroline Crenshaw will remain an SEC commissioner. These nominations come as Gruenberg steps down amid allegations of workplace misconduct.
▶️ Check More Details Here:
https://www.whitehouse.gov/briefing-room/statements-releases/2024/06/13/president-biden-announces-key-nominees-76/
🔔 ConsenSys Partners with Film.io and VillageDAO to Decentralize Hollywood !
Consensys announced Film.io as the first partner of VillageDAO, a Web3 smart contract framework formed in 2022. Film.io aims to democratize the Hollywood studio system by enabling filmmakers to seek funding and community support for their projects. VillageDAO offers a structured environment for Web3 communities, providing better technology, procedures, and community management compared to platforms like Discord. Film.io will have a dedicated portal on VillageDAO and launch a "Community Expert" certification program to support and onboard users.
▶️ Check More Details Here:
https://www.coindesk.com/business/2024/06/13/consensys-helps-decentralize-hollywood-with-filmio-and-villagedao-partnership/
🔔 JUST IN: MicroStrategy Proposes $500 Million Convertible Senior Notes Offering to Fund Bitcoin Purchases !
https://twitter.com/saylor/status/1801202266768326895
🔔 Curve Finance Founder Faces Liquidation as CRV Token Price Plummets !
Michael Egorov, founder of Curve Finance, faces increased liquidation risk on his on-chain loans after some positions were liquidated earlier. The price of Curve DAO (CRV) has dropped over 25% in the past 24 hours to $0.262. Egorov has 111.87 million CRV ($33.87 million) in collateral and $20.6 million in debt across four platforms.
▶️ Check More Details Here:
https://x.com/lookonchain/status/1801087310819443146