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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.
🔔 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
🔔 Terraform Labs and Do Kwon Agreed to Settle Civil Fraud Case with SEC for $4.5B !
Terraform Labs and ex-CEO Do Kwon will pay $4.5 billion in a settlement with the SEC, banning them from trading crypto asset securities. The SEC has asked a judge to approve the settlement.
▶️ Check More Details Here:
https://news.bloomberglaw.com/crypto/terraform-agrees-to-pay-4-47-billion-penalty-in-sec-case
🔔 Hong Kong's Chief Finance Official Promotes Flexible Crypto ETF Features in Support of Web3 Initiative !
Hong Kong's Finance Secretary Christopher Hui highlighted the benefits of the in-kind subscription and redemption feature of the city's six spot crypto exchange-traded funds, which offers investors more flexibility. In a blog post, Hui mentioned his promotion of Hong Kong's web3 policies at European forums and noted the government's implementation of various regulations for crypto and tokenization.
▶️ Check More Details Here:
https://www.fstb.gov.hk/en/blog/blog110624.htm
⚡️ News Flash - 11 Jun 2024 !
1️⃣ SEC Charges Joonko Founder with Fraud in AI Hiring Startup
Ilit Raz, CEO of Joonko, is charged by the SEC with defrauding investors of $21 million. Raz allegedly made false statements about Joonko's customers and revenue.
2️⃣ Thai SEC Revokes Zipmex’s Licenses Following Non-Compliance with Orders
Thailand's SEC has revoked cryptocurrency exchange Zipmex's licenses due to operational issues. Zipmex is no longer allowed to operate as a digital asset exchange and broker for cryptocurrencies in Thailand. The revocation comes after Zipmex failed to comply with orders to suspend its services to Thai users in February.
3️⃣ Metaplanet Discloses $1.6M Bitcoin Purchase; Shares Surge 10%
Japanese investment firm Metaplanet has disclosed the purchase of an additional 141 bitcoins, worth approximately $9.4 million, bringing its total holdings of the cryptocurrency to 141 BTC. The firm's stock rose by 9.9% following the announcement of its third bitcoin purchase since April 2024.
4️⃣ Binance Labs Invests in Zircuit to Enhance Layer 2 with AI-Enabled Sequencer-Level Security
Binance Labs has invested in Zircuit, a Layer 2 network with AI-enabled sequencer-level security and zero-knowledge rollup technology. Zircuit offers fast, low-cost, and fully EVM-compatible solutions by combining rollup infrastructure with zero-knowledge proofs.
5️⃣ Crypto.com Obtains VASP License in Ireland
Crypto.com has been approved as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. This approval allows the platform to expand its services in Ireland, including crypto-to-fiat exchanges and fiat wallets.
🔔 Ripple Labs Announces Acquisition of Standard Custody !
Ripple Labs has completed its acquisition of digital asset custodian Standard Custody, central to its U.S. dollar stablecoin rollout and asset tokenization goals. Standard Custody CEO Jack McDonald will become Ripple's senior vice president of stablecoins while continuing as CEO of Standard Custody.
▶️ Check More Details Here:
https://x.com/_JackMcDonald_/status/1800487574861156704
🔔 ZKSync to Airdrop 3.6 Billion ZK Tokens to 695,232 Eligible Wallets !
The ZKsync Association will airdrop 3.675 billion ZK tokens, 17.5% of the total supply, to early users next week. This one-time airdrop can be claimed until January 3, 2025. Additionally, 49.1% of tokens will support ecosystem initiatives, 17.2% will go to investors, and 16.1% to the Matter Labs team. The community will hold the most tokens for governance upgrades when the system launches.
▶️ Check More Details Here:
https://claim.zknation.io/
⚡️ News Flash - 10 Jun 2024 !
1️⃣ OP Mainnet Introduces 'Fault Proofs' to Boost Rollup Decentralization
Developers have successfully implemented fault proofs on the OP Mainnet and plan to extend this feature to other OP Stack-based chains, including Base, Metal, Mode, and Zora.
2️⃣ Lykke Crypto Exchange Confirms Hack After Suspending Withdrawals
Lykke cryptocurrency exchange has paused withdrawals due to an exploit on June 4. The exchange reassured users that their funds are safe and will be recovered. Both Lykke UK and Lykke Corp AG were impacted.
3️⃣ Mark Cuban Believes Trump Could Win Against Biden Because of Crypto
Billionaire Mark Cuban highlighted the importance of cryptocurrency in the presidential race, suggesting that President Biden's support for SEC Chair Gary Gensler could impact his standing with crypto voters. Cuban noted that while Trump sold NFTs, neither candidate fully understands crypto. He believes the crypto vote could be significant in the 2024 election.
4️⃣ Elon Musk Threatens to Ban Apple Devices Over OpenAI Integration
Elon Musk threatened to ban Apple devices at his companies if Apple integrates OpenAI at the OS level, citing security concerns. He stated that such integration would be unacceptable and that visitors would need to check their Apple devices at the door, storing them in a Faraday cage.
5️⃣ ZKSync Unveils ZK Nation for Protocol Decentralization, Reveals Airdrop Plans
ZkSync has introduced ZK Nation, an initiative for decentralizing its protocol, involving the community, security experts, and technical experts. It will oversee governance activities and protocol upgrades, with more details on token allocation to be shared soon.
🔔 Uniswap Labs Announces Acquisition of 'Crypto: The Game' Ahead of Third Season !
Uniswap Labs has acquired "Crypto: The Game," an on-chain Survivor-esque contest, in preparation for the game's next "season." The deal, which includes cash, tokens, and equity, will see CTG founders Dylan Abruscato, Tyler Cagle, and Bryan Lee continue developing the game as Uniswap Labs employees. Uniswap Labs’ COO Mary-Catherine Lader highlighted the company's focus on enhancing on-chain experiences. The purchase price was not disclosed.
▶️ Check More Details Here:
https://x.com/Uniswap/status/1800196800684732423
🔔 Solana Foundation Drops Certain Operators from Delegation Program Following Malicious Sandwich Attacks !
The Solana Foundation has removed several validator operators from its delegation program for participating in sandwich attacks against users. This action is in accordance with the foundation's rules, which prohibit malicious activities.
▶️ Check More Details Here:
https://x.com/0xMert_/status/1799955514786234751
🔔 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
⚡️ News Flash - 12 Jun 2024 !
1️⃣ Eigen Labs Announces Acquisition of Rio Restaking
Eigen Labs, the company behind EigenLayer, has acquired Rio Network and will open-source its intellectual property and liquid restaking token (LRT) technology.
2️⃣ MoonPay Unveils PayPal Fiat On-Ramp for UK and EU
MoonPay has integrated PayPal as a fiat on-ramp option for customers in the European Union and the United Kingdom, allowing them to purchase crypto within the MoonPay platform.
3️⃣ Chinese President Xi Jinping Applauds Blockchain Executive in Open Letter
On June 12, Chinese President Xi Jinping sent an open letter of praise to Andrew Chi-Chih Yao, chief scientist of the Conflux network and a professor at Tsinghua University.
4️⃣ OKX Probes Multimillion Account Thefts Post SIM Swap Attacks
OKX cryptocurrency exchange and security partner SlowMist are investigating a multi-million dollar exploit involving the theft of two user accounts. The incident, which occurred on June 9, involved an SMS attack, or SIM swap. Yu Xian, founder of SlowMist, shared this information on X.
5️⃣ Pixelverse Secures $5.5M From Top VCs to Drive Global Expansion of Web3 Gaming Movement
Pixelverse, an entertainment studio and game ecosystem, raised $5.5M in funding from leading VC funds and founders in the gaming and Web3 industries. The platform has amassed over 15 million users in less than a month since its launch.
🔔 Bitcoin Price Rises as US Consumer Inflation Comes in Lower Than Expected !
Bitcoin's (BTC) short liquidations surged to over $28 million in the past 24 hours as the price rallied above $69,000. This rally led to $48 million in liquidated Bitcoin positions and $198 million across the wider cryptocurrency market. The surge followed U.S. inflation data showing a lower-than-expected year-over-year CPI increase of 3.3% for May, compared to the anticipated 3.4%.
▶️ Check More Details Here:
https://x.com/CryptoMichNL/status/1800869763993972865
🔔 Trump States Desire for All Remaining Bitcoin to Be Mined in the US !
Republican presidential candidate Donald Trump stated he wants all remaining Bitcoin to be mined in the U.S. The crypto industry is pushing to influence U.S. politicians amid heightened regulatory scrutiny following major firm bankruptcies in 2022, which revealed fraud and left many investors with losses.
▶️ Check More Details Here:
https://www.reuters.com/world/us/trump-says-he-wants-all-remaining-bitcoin-be-made-us-2024-06-12/
🔔 CMT Digital Recruits Former Pantera Capital Executive to Raise $150 Million for Fourth Fund !
CMT Digital, a venture capital firm focused on crypto and blockchain, has begun raising its fourth fund, aiming for $150 million in Web3 investments. This would be its largest fund yet, following previous funds of $25.5 million, $130 million, and $100 million. Gerald Brant, previously at BlockTower Capital and Pantera Capital, is overseeing the raise, bringing experience from managing substantial asset growth. CMT Digital has a track record of investing in major crypto firms early on, like Circle, Coinbase, ConsenSys, and FalconX.
▶️ Check More Details Here:
https://fortune.com/crypto/2024/06/11/cmt-digital-pantera-fourth-fund-150-million-web3-investments/
🔔 PancakeSwap Partners with Zyfi to Enable Gas-Free DeFi Trading !
PancakeSwap has integrated with Zyfi on zkSync Era, allowing users to pay gas fees with over 10 ERC-20 tokens instead of native network tokens. Additionally, there is a limited-time offer for gas-free transactions on zkSync Era PancakeSwap.
▶️ Check More Details Here:
https://x.com/PancakeSwap/status/1800498440805425492
🔔 Nexus Labs Secures $25 Million in Series A Funding to Scale Verifiable Computation !
Nexus Labs, a zero-knowledge cryptography firm, has raised $25 million in a Series A funding round co-led by Lightspeed Venture Partners and Pantera Capital. Participants included Dragonfly, Faction, and Blockchain Builders Fund. The funds will be used to develop Nexus 1.0 and expand the engineering team.
▶️ Check More Details Here:
https://blog.nexus.xyz/series-a/
🔔 JUST IN: Apple Partners with OpenAI to Integrate ChatGPT into Siri Later This Year !
https://x.com/sama/status/1800237314360127905
🚨 UwU Lend Protocol Exploited for Over $20M, Ongoing Attack Affects Multiple Assets !
https://x.com/CyversAlerts/status/1800139071857316328
🔔 South Korea to Classify Certain NFTs as Cryptocurrencies Under New Regulations: Report !
South Korea's Financial Services Commission (FSC) has issued new guidelines to regulate certain NFTs as regular cryptocurrencies if they are mass-produced, exchangeable, fractionalized, or used for payments. NFTs with little economic value will remain classified as regular NFTs. The FSC will review NFTs on a case-by-case basis and may classify them as financial securities if they meet specific criteria under the Capital Markets Act.
▶️ Check More Details Here:
https://www.yna.co.kr/view/AKR20240610071100002?input=1195m