⚡️ News Flash - 19 Nov 2024 !
1️⃣ Paxos Acquires Membrane Finance to Boost EU Stablecoin Growth
Paxos will acquire Finnish EMI Membrane Finance, securing EU market access via its regulatory license and adding EUROe and eUSD stablecoins to its portfolio.
2️⃣ NBA Star Shaq Settles NFT Promotion Lawsuit for $11 Million
Shaquille O’Neal will pay $11 million to settle a class action suit over promoting Astrals NFTs, deemed unregistered securities. Plaintiffs accused him of using his celebrity to endorse the Solana-based NFTs and “Galaxy” token, then abandoning the project during the 2022 crypto downturn.
3️⃣ Bitcoin Reaches $94,000 All-Time High as ETF Options Launch
Bitcoin hit a record $94,000 as spot ETF options launched, attracting institutions with increased trading flexibility. BlackRock's IBIT saw strong demand, mostly bullish call options.
4️⃣ Coinbase to Delist wBTC Amid Justin Sun's Influence and Launch of Rival Wrapped Bitcoin Token
Coinbase will suspend trading of wrapped Bitcoin (wBTC) on December 19, 2024, following a review of its listing standards. Users can still withdraw wBTC after delisting. This follows Justin Sun’s increased influence over wBTC through a deal between BitGo and BiTGlobal.
5️⃣ BlackRock Increases Bitcoin Holdings by $34.9 Million
BlackRock has increased its Bitcoin holdings by $34.9 million, bringing the total value of its Bitcoin assets to $43.6 billion.
🔔 A16z-Backed Forta Introduces Firewall to Mitigate Smart Contract Exploits !
Forta, backed by a16z and Coinbase Ventures, launched Firewall to block malicious on-chain transactions and prevent smart contract exploits. It builds on Forta’s tools, already used by 40+ DeFi platforms, addressing rising crypto security concerns as losses hit $1.4B this year.
▶️ Check More Details Here:
https://x.com/FortaNetwork/status/1858894855184712191
🔔 Russia Proposes 15% Tax on Income from Crypto Trading and Mining: Report !
Russia has approved draft amendments to tax crypto income and mining, classifying cryptocurrencies as property for tax purposes. Mining income will be taxed based on market value at receipt, with expenses deductible. Crypto transactions are exempt from VAT, and trading income will face up to 15% tax. Mining operators must report user data, and a power limit of 6,000 kWh/month applies to unregistered individuals mining bitcoin.
▶️ Check More Details Here:
https://interfax.com/newsroom/top-stories/107828/
🔔 Options trading on spot Bitcoin ETFs expected to launch soon as OCC readies clearance !
The Options Clearing Corporation (OCC) announced plans to clear options for spot Bitcoin ETFs, following a CFTC advisory affirming SEC jurisdiction over such products. Nasdaq is reportedly ready to list these options, potentially as soon as tomorrow, according to its head of ETP Listings. Bloomberg analysts suggest the process is now a matter of timing, not approval.
▶️ Check More Details Here:
https://x.com/EricBalchunas/status/1858546504354476240
🔔 Japan's Metaplanet issues $11.3M bond to expand bitcoin holdings !
Japanese investment firm Metaplanet Inc. issued $11.3M in bonds at a 0.36% interest rate to buy more Bitcoin. Already holding 1,018 BTC (~$93.5M), it is among Asia's top corporate Bitcoin holders. CEO Simon Gerovich signaled continued acquisitions.
▶️ Check More Details Here:
https://x.com/gerovich/status/1858353145900122196
🔔 Polymarket Bettors Back Lutnick for Treasury Secretary Following Musk Endorsement !
President-elect Trump’s Treasury Secretary race narrows to Scott Bessent and Bitcoin advocate Howard Lutnick. Lutnick leads Polymarket odds at 49% following Elon Musk’s endorsement, while Bessent, praised by Trump, holds 45%. Crypto leaders are lobbying heavily for Lutnick.
▶️ Check More Details Here:
https://www.theblock.co/post/326965/polymarket-bettors-see-lutnick-as-treasury-secretary-favorite-after-musk-endorsement
🔔 Polymarket Whale Loses $3.6M Tyson Bet After Trump Win Nets $11M !
Polymarket whale "zxgngl" lost $3.6M betting on Mike Tyson to beat Jake Paul, who won decisively. This loss erased a third of their $11M profit from Trump’s re-election bet. Despite the setback, they remain Polymarket’s fourth-highest earner.
▶️ Check More Details Here:
https://polymarket.com/profile/0xd235973291b2b75ff4070e9c0b01728c520b0f29
🔔 Bitcoin ETF Options Gain Momentum with CFTC Clearance !
The U.S. Commodity Futures Trading Commission (CFTC) has cleared the way for spot Bitcoin ETF options, signaling potential imminent listings. Analysts anticipate a quick rollout, as the CFTC stated it has no further role in clearing these options.
▶️ Check More Details Here:
https://x.com/EricBalchunas/status/1857589224238674207
🔔 Ethereum ETFs See Record Weekly Trading Volume Since Launch !
Spot Ethereum ETFs have seen a surge in trading volume, hitting $1.63 billion last week, their highest since August. Daily volume spiked to $326 million, up from a mid-August to October average of $168 million.
▶️ Check More Details Here:
https://www.theblock.co/post/325565/ethereum-etfs-record-highest-weekly-trading-volume-since-launch
🔔 Bitfinex Hacker Receives 5-Year Prison Sentence for Bitcoin Theft !
Ilya Lichtenstein was sentenced to five years in prison for laundering $3.6 billion in bitcoin stolen from Bitfinex in 2016. He and his wife, Heather Morgan, pleaded guilty to the crime last year.
▶️ Check More Details Here:
https://www.axios.com/2024/11/15/bitcoin-hacker-sentenced-stolen-crypto-laundering-bitfinex
🔔 PEPE Surges 78% to Record High, Boosting Memecoin Market Cap to Over $116B !
Pepe (PEPE), the largest Ethereum-based memecoin, has soared 230% since Nov. 5, peaking at $0.00002597. Its trading volume jumped 124% to $19.6 billion, with market cap briefly reaching $10.2 billion.
▶️ Check More Details Here:
https://www.coinglass.com/tv/snapshot/SPOT_Binance_PEPEUSDT/ee706e50a8154973b7a35be8e5da9c39
🔔 Usual (USUAL) Farming Starts On Binance Launchpool From 15 Nov !
▶️ Token Info:
▪️Ticker: $USUAL
▪️Max Token Supply: 4B $USUAL
▪️Launchpool Rewards: 300M $USUAL (7.5% of total token supply)
▶️ Staking Info:
▪️ Token staked: BNB, FDUSD
▪️ Farming period: 15 Nov ~ 18 Nov
▪️ Hourly Hard Cap per User:
▫️ BNB: 265,625 $USUAL
▫️ FDUSD: 46,875 $USUAL
▶️ Listing Info: Binance will Starts $USUAL Pre-Market Trading on 19 Nov, 10:00 (UTC).
▶️ Check More Details Here:
https://www.binance.com/en/support/announcement/7c4bf0dac2de4842984fc7c066204b05
⚡️ News Flash - 13 Nov 2024 !
1️⃣ Revolut Extends Crypto Exchange Services Across EU Following UK Launch Success
Revolut expands its crypto trading app, Revolut X, to 30 EU countries, offering 200+ tokens and low fees, aiming to attract both new and experienced traders.
2️⃣ South Korea Detains 215 in $232 Million Cryptocurrency Fraud Operation
South Korea has arrested 215 people involved in a $232 million crypto scam that defrauded tens of thousands. Key members, including a popular YouTuber, face charges for price manipulation, money laundering, and fraud.
3️⃣ Spot Bitcoin ETFs See $817 Million in Inflows Despite 3.4% BTC Dip
U.S. spot Bitcoin ETFs gained $817.5 million in inflows Tuesday, led by BlackRock’s IBIT, as Bitcoin hit $90,000 before dipping to $86,855. Analysts predict possible short-term correction ahead of CPI data release.
4️⃣ Metaplanet Reports $28 Million Gain on Bitcoin Holdings as Stock Declines
Metaplanet’s Bitcoin holdings rose by $28 million, now totaling 1,018.17 BTC. The Tokyo firm doubled its BTC assets since September amid a 105% Bitcoin rally to $87,000.
5️⃣ Dogwifhat Surges as Coinbase Announces Upcoming Listing
Dogwifhat (WIF), a Solana-based memecoin, spiked 21% following Coinbase’s announcement to list the token. Trading is expected to begin today at 3:30 p.m. ET, contingent on liquidity. Coinbase noted that WIF trading might be restricted in some regions and will launch in phases.
🔔 Crypto Launderer Admits Guilt in $73 Million Scam !
Daren Li, 41, a Chinese dual citizen, pleaded guilty to laundering $73 million from crypto scams, including "pig butchering" schemes. From August 2021 to April 2022, Li allegedly used U.S.-based shell company accounts to obscure the funds’ origins. The plea was filed in California federal court on Nov. 11.
▶️ Check More Details Here:
https://www.courtlistener.com/docket/68536291/51/united-states-v-li/
🔔 Vitalik.eth Bridges 32 ETH to Base and Mints 400 Patron NFTs !
The "vitalik.eth" address bridged 32 ETH to Base and minted 400 Patron NFTs. These NFTs are tied to Infinex, a decentralized trading platform by Synthetix, which previously raised $65.3M through Patron NFT sales.
▶️ Check More Details Here:
https://x.com/PeckShieldAlert/status/1858827304321118527
⚡️ News Flash - 18 Nov 2024 !
1️⃣ Heather "Razzlekhan" Morgan Sentenced to 18 Months for Bitfinex Hack Money Laundering
Heather Morgan, aka "Razzlekhan," was sentenced to 18 months in prison for laundering funds from the 2016 Bitfinex hack. Her husband, Ilya Lichtenstein, who executed the theft of 120,000 BTC, received five years. The couple laundered up to 20% of the stolen Bitcoin.
2️⃣ Goldman Sachs Plans to Spin Off Digital Assets Unit Within 12-18 Months: Bloomberg
Goldman Sachs plans to spin off its digital-assets platform into a new company within 18 months, partnering with Tradeweb to develop blockchain-based financial tools and resume Bitcoin-backed lending.
3️⃣ MicroStrategy Acquires Additional 51,780 BTC for $4.6 Billion
MicroStrategy has acquired 51,780 Bitcoin for $4.6 billion, bringing its total holdings to 331,200 BTC, now valued at $29.65 billion, nearly double the $16.5 billion acquisition cost.
4️⃣ Semler Scientific Increases Bitcoin Holdings by 215 BTC, Totaling 1,273 BTC
Semler Scientific (SMLR) increased its Bitcoin holdings to 1,273 BTC, worth about $114 million. The company purchased 215 BTC for $17.7 million at an average price of $82,502. Semler's "Bitcoin Yield" has reached 37.3% since adopting its bitcoin strategy in Q2 2024.
5️⃣ Donald Trump's Social Media Group in Talks to Acquire Crypto Trading Platform
Trump Media and Technology Group (TMTG) is in talks to acquire crypto platform Bakkt in an all-share deal. The acquisition would expand TMTG’s presence in the crypto market. Bakkt, valued at $150 million, has struggled with profitability but plans to focus on institutional trading.
🔔 MARA plans $700M convertible notes sale to increase bitcoin holdings !
MARA Holdings announced a $700M private offering of convertible senior notes due 2030. Proceeds will repurchase 2026 notes and fund Bitcoin acquisitions, with interest starting in 2025. An extra $105M option is available to initial buyers.
▶️ Check More Details Here:
https://ir.mara.com/news-events/press-releases/detail/1377/mara-holdings-inc-announces-proposed-private-offering-of-700-million-of-convertible-senior-notes
🔔 CAT Token Launches on Solana, BONK holders receives early access !
CAT, the Simon’s Cat memecoin, expands to Solana with BONK holders receiving early access. A vault for discounted CAT tokens exceeded its $100K target, reaching $240K in deposits.
▶️ Check More Details Here:
https://x.com/LiveBonk/status/1858149777889734905
🔔 BitMEX Flags Concerns Over MicroStrategy's 'Infinite Money Glitch !
BitMEX Research highlighted MicroStrategy’s financial situation, noting its $4.25 billion in debt, $43 billion stock valuation, and $17 billion in Bitcoin holdings. While its stock trades at a premium due to an “infinite money glitch” concept, they warn this anomaly won't persist indefinitely.
▶️ Check More Details Here:
https://blog.bitmex.com/microstrategy-bonds-can-mstr-get-liquidated/
🔔 Thala Recovers $25.5M After Security Breach in Aptos Ecosystem !
Thala, a DeFi project on Aptos, faced a $25.5M exploit on Nov. 15 due to a contract flaw. A $300K bounty secured full recovery, and users will be fully reimbursed. The protocol is under re-audit, with unaffected modules remaining active.
▶️ Check More Details Here:
https://x.com/ThalaLabs/status/1857703541089120541
🔔 Floki Surges After Coinbase Announces Listing Plans !
Ethereum-based meme coin Floki (FLOKI) surged 21% to a five-month high of $0.00027 after Coinbase added it to its listing roadmap. Floki is up 16% in 24 hours and has nearly doubled over the past week, despite broader crypto market corrections.
▶️ Check More Details Here:
https://x.com/CoinbaseAssets/status/1856773911842566512
🔔 Hong Kong Issues Warning to Crypto Firms Misusing 'Bank' Label !
The Hong Kong Monetary Authority (HKMA) warned against overseas crypto firms misusing the term "bank" to mislead consumers. It noted that two firms falsely claimed to be banks or offered a "bank card," potentially violating Hong Kong’s Banking Ordinance. The HKMA urged vigilance to avoid confusion with licensed banks.
▶️ Check More Details Here:
https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/11/20241115-3/
⚡️ News Flash - 14 Nov 2024 !
1️⃣ Portal Ventures Secures $75M for Pre-Seed Crypto Investment Fund
Portal Ventures has raised a $75 million fund for pre-seed Web3 investments, backed by investors including Marc Andreessen and Chris Dixon. The firm focuses on Bitcoin programmability and decentralized infrastructure, with investments in Plume Network and Arch.
2️⃣ Tether Introduces RWA Platform for Broad Asset Tokenization
Tether has launched Hadron, a platform to tokenize various assets, including stocks and physical items, expanding its focus beyond USDT stablecoin issuance.
3️⃣ Franklin Templeton Extends Tokenized Money Market Fund to Ethereum
Franklin Templeton has expanded its FOBXX tokenized government securities fund to Ethereum, building on its 2021 launch. The fund now holds $409.93 million in assets, with tokenized Treasurys rising 2% recently.
4️⃣ SEC Chair Gensler Calls for Crypto Compliance as His Tenure Approaches Its End
SEC Chair Gary Gensler urged crypto exchanges to register and comply with disclosures, stating most digital assets are securities, excluding bitcoin, ether, and stablecoins. His remarks follow Donald Trump's election win, with speculation about Gensler’s potential departure.
5️⃣ PancakeSwap Unveils Telegram Swap Bot for Easy Crypto Trading Access
PancakeSwap launched a Telegram bot enabling users to trade over 3,000 tokens directly within the app. The bot supports trades on PancakeSwap v2, v3, and stableswap on the BNB Chain, aiming to simplify DeFi access.
🔔 Bhutan Government Wallet Deposits $33.5M in Bitcoin to Binance, According to Onchain Lens !
Onchain Lens reports that an address linked to the Royal Government of Bhutan deposited 367.26 BTC (valued at $33.51 million) to Binance, potentially for sale. Bhutan reportedly holds 13,011 BTC, making it the fourth-largest government bitcoin holder globally.
▶️ Check More Details Here:
https://x.com/OnchainLens/status/1857038364186144805
🔔 Phantom Releases Emergency Patch Following iOS Update Disrupting Wallet Access !
Phantom, the Solana-based wallet provider, issued an emergency update for iOS after some users reported app resets that locked them out of their wallets. Affected users are advised to restore access with recovery phrases. Phantom apologized, urged secure seed phrase storage, and promised measures to prevent future issues.
▶️ Check More Details Here:
https://x.com/phantom/status/1856796137665245455
🔔 Robinhood US Relisted Solana & adds Cardano, Ripple, and PEPE !
Robinhood US has relisted Solana (SOL) & added Cardano (ADA), and Ripple (XRP) and Pepe (PEPE), according to its official website. SOL was previously delisted after the SEC classified it as a security.
▶️ Check More Details Here:
https://newsroom.aboutrobinhood.com/robinhood-crypto-expands-offering-with-solana-sol-pepe-pepe-cardano-ada-amp-xrp-xrp-for-u-s-customers/
🔔 EARN’M Sets TGE Date & Announces Merger With StormX !
EARN’M has announced the TGE for its native $EARNM token on Dec 12. Following a strong community vote in favor, EARN’M will merge with StormX, with the official merger set to take place 6-8 weeks after the TGE.
$EARNM is a deflationary mobile rewards currency that turns smartphones into EarnPhones. Through its EarnOS and SmartWallet, it aims to bridge Web2 to Web3 by covering gas fees and onboarding new users.
StormX is an innovative app and Chrome extension that enables users to earn cryptocurrency through various activities, such as shopping, completing tasks, or staking $STMX.
▶️ Check More Details Here:
https://x.com/EARNMrewards/status/1854530242657779891
▶️ Project Socials:
Website | X | Telegram
🔔 Donald Trump announces the new "DOGE" department ! Elon Musk and Vivek Ramaswamy will lead the same
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