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🔥 Rally Report 🔥
SATS
The price of SATS has rallied by 8% in the past 24 hours.
WHY?!
📈 Part of a larger rally seen among BRC-20 projects.
🔍 Notably, the rally comes ahead of Bitcoin’s halving event in April.
If you want to buy or trade SATS, we have a 20% trading fee discount + $600 bonus for you on Binance 👇
🔗 https://www.coinbureau.com/deals/trading/binance/
🔥 Rally Report 🔥
JUPITER
The price of JUP has rallied by 20% in the past 24 hours.
WHY?!
📈 The rally comes after Jupiter announced the first Jupiter Core Working Group (CWG) budget proposal is live.
‼️ JUP stakers can now vote on funding the CWG, which plays a key role in building out DAO processes and facilitating the community’s role in LFG selection, token-list, grants program, and other community-led initiatives.
If you want to buy or trade JUP, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🔔 MARKET MOVING NEWS! (28/03/24)
1️⃣ Ethena to Debut Governance Token Next Week ⚡️
In a recently published blog post, DeFi protocol Ethena unveiled plans to debut its governance token ‘ENA’ through an upcoming airdrop to users on April 2nd. Specifically, 750 million ENA tokens, or 5% of the total supply will be airdropped to users. The blog post also revealed that the protocol’s “shards” campaign will end on April 1. Those who unstake, unlock or sell all their USDe before this date will not be eligible for the airdrop. Ethena also stated that it will start a campaign with new incentives for the next phase of the airdrop.
Source
2️⃣ 21Shares Debuts Toncoin Staking ETP TONN On SIX Exchange 🌚
Crypto ETP issuer 21Shares has reportedly launched a staking ETP based on Toncoin (TON). According to the press release, the new Toncoin Staking ETP is a 100% physically backed product that tracks the performance of TON while reinvesting staking yields into the ETP for enhanced performance. The product started trading on the Swiss SIX Exchange under the ticker TONN on March 27.
According to 21Shares co-founder and president Ophelia Snyder, TONN is the “first and only TON ETP” ever launched. Snyder revealed that the firm opted to launch a staking ETP instead of a spot one because staking ETPs are “superior to non-staking ETPs as the staking yield benefits ETP holders.”
Source
3️⃣ SEC Coinbase Wallet Triumph Over SEC Allegations Is A ‘Giant Win’ For DeFi ‼️
Yesterday, U.S. District Judge Katherine Failla denied Coinbase’s bid to dismiss a Securities and Exchange Commission’s lawsuit, finding the SEC “sufficiently pleaded” Coinbase was unlicensed and its crypto staking offering was unregistered securities. However, the judge also determined the SEC failed to allege that Coinbase conducted brokerage activity through Coinbase Wallet, its self-custody crypto wallet app.
Noting the significance of this ruling, Ethena Labs general counsel Zach Rosenberg tweeted,
[This] is a pretty giant win for browser-based wallet extensions, application front ends, and other similar applications. [It’s] not just that Coinbase won, but the basis for it. Merely helping users discover onchain prices does not invoke routing or making recommendations, and Coinbase never has any control over users' assets or transactions, even though it does provide the user [with] a means to "arrange" them in the market. Coinbase winning on this issue at this stage means the Court did not think that, even accepting all well-pled SEC allegations as categorically true, there was a plausible basis to conclude that Coinbase acted as a broker by virtue of offering Coinbase Wallet.
🔔 MARKET MOVING NEWS! (27/03/24)
1️⃣ Blast NFT Game Munchables Recovers $62 Million Stolen in Exploit ⚡️
Munchables, an NFT game on the recently launched Ethereum layer 2 network Blast, reportedly lost $62 million last night in an exploit. The team posted an update early this morning confirming that the exploit was carried out by an insider who worked on the game. However, the announcement also revealed that the developer had "agreed to share the keys for the full Munchables funds without any condition," indicating that all of the exploited funds were now safe. Not long after, it appeared the Munchables team sent a few test transactions and then moved the $62 million from the exploiter wallet into a multi-signature wallet.
Source
2️⃣ Kucoin Says User Assets Are Unaffected By US SDNY Indictment 🤔
U.S. federal prosecutors have reportedly charged crypto exchange KuCoin and two of its founders with violating anti-money laundering laws on Tuesday. Specifically, the indictment accuses the exchange of operating in the U.S. and lying to at least one of its investors about the same. It also states that Kucoin failed to maintain an anti-money laundering program in addition to not registering with U.S. government entities.
Kucoin made a public response to the lawsuit by stating,
KuCoin is operating well, and the assets of our users are absolutely safe. We are aware of the related reports and are currently investigating the details through our lawyers. KuCoin respect the laws and regulations of various countries and strictly adheres to compliance standards.
We are faced with an alarming scenario in which a SPBD has announced that it intends to offer custodial services for ETH under a regime that does not permit such activity. This action, if allowed to proceed, could have irreparable consequences for the digital asset markets.
Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds. Our investment in Northern Data Group, known for resilient and high-performance technologies, aligns perfectly with our vision.
🔔 MARKET MOVING NEWS! (26/03/24)
1️⃣ London Stock Exchange Will Start Market for Bitcoin and Ether ETNs On May 28 ⚡️
The London Stock Exchange (LSE) has announced that trading for bitcoin and ether crypto exchange-traded notes (ETNs) will commence on May 28th. It also stated that it will accept applications for trading those crypto ETNs from April 8. The market will reportedly be subject to the approval of the U.K. regulator, the Financial Conduct Authority.
The LSE stated,
In choosing this date we have taken into consideration that we need to ensure that issuers meet the requirements for consideration detailed in the Crypto ETN factsheet and importantly, it will also enable those issuers planning on admitting securities on the launch date, time to prepare documentation to establish a Crypto ETN programme which will require a base prospectus to be approved by the FCA.
🔔 MARKET MOVING NEWS! (25/03/24)
1️⃣ ParaSwap Begins Returning Crypto After Critical Smart Contract Bug 🔍
DeFi aggregator ParaSwap has reportedly begun returning crypto to users after addressing a major vulnerability last week. Specifically, the ParaSwap team had discovered a vulnerability in its newly launched AugustusV6 smart contract. However, timely intervention by white hat hackers prevented a large loss of assets from the platform. The ParaSwap team also announced that it is collaborating closely with blockchain analytics and security firms Chainalysis and TRM Labs and is “actively engaged in identifying hacker addresses and tracing the movement of the funds.”
Source
2️⃣ Goldman Sachs Hedge Fund Clients Are Piling Back into Crypto This Year ☄️
According to a statement made by Goldman Sachs Asia Pacific’s head of digital assets Max Minton, many of the firm’s clients have started to become active or were “exploring getting active” in the crypto sector.
Minton explained that the increased appetite for cryptocurrency likely stems from the approval of the ten new Bitcoin ETFs in the United States in January. He also revealed that the bulk of the fresh demand comes primarily from Goldman’s existing clients by way of his firm’s options and futures offerings, with hedge funds being the most involved of its clients.
Source
3️⃣ Indonesian NFT ‘Selfie Guy’ Makes $1.8M In Memecoin Comeback ⚡️
Sultan Gustaf Al Ghozali, an Indonesian college student who earned a million dollars selling NFTs of his selfies in 2022 has made a comeback. On March 24, he announced the second iteration of Ghozali Everyday — a memecoin and NFT hybrid project on the Base blockchain. The presale for the memecoin, which had a cap of 400 ETH, has surpassed the mark with token balances at approximately 527 ETH (worth $1.8 million). However, Ghozali wrote on X that he would refund those who sent more ETH after the cap was reached.
Source
4️⃣ Detained Binance Executive Escapes From Custody In Nigeria ‼️
According to local media reports, Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, escaped from lawful custody using a fake passport on Friday. Notably, the news comes as other reports claim the Nigerian government has launched criminal proceedings against the exchange for tax evasion.
Source
5️⃣ Binance Follows Circle And Drops USDC Support On Tron 🔽
Crypto exchange Binance will reportedly cease support for deposit and withdrawal of TRC-20-based USDC tokens from April 5th. The announcement comes after USDC issuer Circle announced plans on Feb. 20 to discontinue support for the stablecoin over the Tron blockchain. However, the exchange will continue to allow USDC trades after the deadline. USDC deposits and withdrawals on other supported blockchains will not be affected.
Source
🔔 MARKET MOVING NEWS! (24/03/24)
1️⃣ EU Committees Approve Ban on Anonymous Crypto Transactions Via Hosted Wallets 🥶
A majority of the European Parliament’s lead committees have reportedly approved a ban on anonymous cryptocurrency transactions of any value made through hosted crypto wallets. Notably, ‘hosted wallets’ refer to wallets provided by centralised exchanges and not self-custodial wallets.
Specifically, the new AML legislation applies certain limits for cash transactions and anonymous cryptocurrency payments. Under the new rules, anonymous cash payments over 3,000 euros will be banned in commercial transactions, and cash payments over 10,000 euros will be completely banned in business transactions. The new law is expected to be fully operational within three years from its entry into force.
Source
2️⃣ Hospitality Worker Caught With $2.5B Bitcoin Found Guilty Of Money Laundering 🔍
Jian Wen, a hospitality worker who was discovered with $2.5 billion worth of Bitcoin in her possession, has reportedly been found guilty of money laundering in a United Kingdom specialized court for major fraud cases.
The Southwark Crown Court found Jian Wen guilty of laundering money using Bitcoin to purchase "multi-million-pound houses and jewellery." The investigation involved scrutiny of 48 electronic devices and thousands of digital files, many of which were translated from Mandarin.
Source
3️⃣ Polygon zkEVM Blockchain Sees 12-Hour Ongoing Outage ‼️
Ethereum Layer 2 network Polygon zkEVM is reportedly suffering a network outage due to an issue with its blockchain sequencer. Notably, the blockchain sequencer is responsible for organising and combining transactions into batches before relaying them to the Polygon zkEVM smart contract on Ethereum’s main network. Polygon has tweeted that it is working on fully resolving the issue and promised to release a comprehensive “post-mortem” statement once the matter is resolved.
Source
🔥 Rally Report 🔥
TONCOIN
The price of TON has rallied by 12% in the past 24 hours.
WHY?!
⚡️ The TON Foundation announced that it had airdropped more than 16K TON to users who completed all Level 1 Open League quests.
🔍 It also hinted that more rewards were coming for participants who continued engaging with the ecosystem
If you want to buy or trade TON, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🔥 Rally Report 🔥
FANTOM
The price of FTM has rallied by 12% in the past 24 hours.
WHY?!
🎙 Coinbase International Exchange announced that it will add support for Fantom perpetual futures on Coinbase International Exchange and Coinbase Advanced.
☄ The FTM-PERP markets will be launched at 09:30 UTC March 28.
If you want to buy or trade FTM, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?!
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
Dencun is here!
One of Ethereum’s most highly-anticipated upgrades since The Merge took place last Wednesday. Layer 2 rollup solutions can now benefit from much cheaper storage costs, meaning users can now interact whilst enjoying heavily reduced gas fees and faster transaction speeds.
This efficiency supercharge is not only great for the Layer 2 protocols and their users, but also for the long term vision of Ethereum’s scalability.
And yet, despite how bullish Dencun is for Ethereum and its Layer 2 ecosystem, ETH suddenly turned quite bearish on the charts.
That’s why today, we’re going to recap Dencun, look at how it stands to change not only Ethereum, but the crypto market as a whole, and why this upgrade has been somewhat underwhelming.
🔔 MARKET MOVING NEWS! (30/03/24)
1️⃣ Solana User Wallets Drained of $523K as BONKbot Team Denies Link 🥶
According to a Decrypt report, a string of wallet drainer attacks on Solana over the last day may be tied to Telegram trading bots. The report states that some victims pointed the finger at BONKbot as the most likely culprit source of the exploit. However, the BONKbot team denies that the exploit is tied to their application.
They stated,
BONKbot is SAFE—but there are exploits being triggered elsewhere in the ecosystem! Our logs show that every user account being drained has previously exported their private keys. There are also non-BONKbot wallets being drained. BONKbot users who did not export their keys are SAFE.
We think Runes is going to supercharge the Bitcoin ecosystem even further, opening up a new wave of builders and asset types previously only possible on other layer-1 chains. We have long-term conviction on native Bitcoin activity. It is a no-brainer for us to double down on this ecosystem by adding Runes to our existing Ordinals marketplace, which has already hit $1 billion in volume in 2024 alone.
🔔 MARKET MOVING NEWS! (29/03/24)
1️⃣ Sam Bankman-Fried Sentenced to 25 Years in Prison ⚡️
Yesterday, federal judge Lewis Kaplan sentenced former FTX CEO Sam Bankman-Fried (SBF) to a 25-year prison sentence for his criminal involvement in the fraud and conspiracy at FTX. As he prepared to deliver the sentence, Judge Lewis Kaplan said that SBF’s attempt to craft a positive and altruistic persona in the public eye was, at least in part, "an act" and that he never offered "a word of remorse for [the] commission of terrible crimes."
Commenting on the sentencing, U.S. Attorney for the Southern District of New York Damian Williams tweeted,
Today's sentence will prevent the defendant from ever again committing fraud and is an important message to others who might be tempted to engage in financial crimes that justice will be swift, and the consequences will be severe. The scale of his crimes is measured not just by the amount of money that was stolen, but by the extraordinary harm caused to victims, who in some cases had their life savings wiped out overnight.
🚨 New Video Alert!! 🚨
Is ETH a security? The SEC seems to think so. This could be very bad for ETH’s price, and even worse for the crypto industry. This depends on whether the SEC’s investigation turns into a lawsuit.
Figuring this out requires quite a bit of background about the SEC and crypto regulations. Fortunately, this is information we’re familiar with. Unfortunately, it suggests that Ethereum could be in trouble.
That’s because it’s not Gary Gensler that decides whether the investigation turns into a lawsuit. It will be the SEC’s enforcement director, Gurbir Grewal. Let’s just say that he’s made his intentions clear.
This is a video you can’t miss.
🔥 Rally Report 🔥
BITCOIN CASH
The price of BCH has rallied by 17% in the past 24 hours.
WHY?!
📈 The rally comes ahead of the Bitcoin Cash halving event on April 4. Notably, post-halving the block reward will drop to 3.125 BCH.
🔍 Additionally, open interest on BCH-tracked futures more than doubled to $500 million today from $213 million last week.
If you want to buy or trade BCH, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
SOL has been on fire lately, and it looks like it could be the first large cap altcoin to hit a new all time high. Of course, this is due to all the bullish updates, announcements, and developments around Solana.
The thing is that most of SOL’s buying pressure appears to be coming from speculative sources, mainly memecoins and NFTs. It’s hard to see how this buying pressure will continue indefinitely.
On the flipside however, Solana has some very bullish milestones coming up that could supercharge its adoption and address the outage and congestion issues that continue to plague its blockchain.
If you hold SOL, you can’t miss this video!
🔥 Rally Report 🔥
FETCH.AI
The price of FET has rallied by 11% in the past 24 hours.
WHY?!
📈 The rally comes after reports emerged of a potential token merger between prominent artificial intelligence protocols, SingularityNet, Fetch.ai and Ocean Protocol.
🔍 The report states that the three platforms would continue to operate as separate entities while fostering their collaboration under a newly formed Superintelligence Collective under the new deal. The Superintelligence Collective will reportedly be run by Ben Goertzel, the founder and CEO of SingularityNet and Humayun Sheikh, the CEO of Fetch.ai, will be the chairman.
If you want to buy or trade FET, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
We’re really spoiling you today, folks.
Today’s video will give you a complete step-by-step guide to setting up and using OKX. For those of you not already aware, OKX serves millions of users and is one of the largest cryptocurrency exchanges in the world.
Not only will we walk you through everything from creating an account, depositing and withdrawals, but we’ll also cover various aspects of the exchange, such as Spot trading, Futures and Perpetuals, and more. We’ll also be throwing in some extra tips along the way to get you using OKX like a pro in no time at all.
And, as if that wasn’t already enough, we even have an EXCLUSIVE deal for you guys that you won’t find anywhere else.
So, be sure to watch right till the end!
🔥 Rally Report 🔥
DOGWIFHAT
The price of WIF has rallied by 15% in the past 24 hours.
WHY?!
📈 Part of a larger rally seen among meme coins.
🔍 The memecoin has begun extending beyond the Solana ecosystem. Notably, there has been a surge in the popularity of meme coins on other chains like Base and Polkadot.
If you want to buy or trade WIF, we have an exclusive trading fee discount of up to 60% on Kucoin 👇
🔗 https://www.coinbureau.com/deals/trading/kucoin/
🚨 New Video Alert!! 🚨
Another Monday, another weekly crypto review! It’s definitely getting tense in the crypto market. BTC has been very volatile, and it looks like Ethereum is starting to come under SEC scrutiny.
At the same time, regulators in the EU are starting to crack down on crypto payments. Friendly reminder to all the Europeans out there that you may not be able to access stablecoins come June!
Meanwhile, the Fed has decided its going to keep cutting rates despite rising inflation. The central bank of Switzerland has already beat them to the punch. The result is lots of big top performing cryptos!
Enjoy!
🔥 Rally Report 🔥
TONCOIN
The price of TON has rallied by 10% in the past 24 hours.
WHY?!
🔍 The TON Foundation has announced that its Open League program starts April 1. The program will see 30M TON being distributed to projects and users in the TON ecosystem.
‼️ Additionally, crypto exchange Bybit announced the listing of Notcoin (NOT) for pre-market trading. Notcoin is a memecoin project on TON. Trading will start at 10 AM UTC Mar 25th, 2024.
If you want to buy or trade TON, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
BTC is rallying, but what about altcoins? Sure, there are a few that have seen significant rallies, but if you look closely, you’ll notice that most of them have been underperforming BTC, including ETH.
Naturally, many believe that this is because of the spot Bitcoin ETFs and the inability of ETF investors to rotate into altcoins. The thing is that it’s crypto whales and retail investors that pump altcoins.
In today’s video, we explore exactly why altcoin season hasn’t started yet, when it could start, how to tell, and which cryptos you need to watch. This is truly a video you can’t miss!
🔔 MARKET MOVING NEWS! (23/03/24)
1️⃣ Orb Eye-Scanning Code Made Open Source by Worldcoin Foundation 🧐
According to reports, the Worldcoin Foundation is open-sourcing “core components” of its Orb technology. Worldcoin stated that the move is meant to foster “trust, transparency and verifiability” while also encouraging developer communities to further advance technology. The core components of the Orb software can now be accessed on GitHub under an MIT/Apache 2.0 dual license. The new open-source components reportedly “complement” the hardware it previously released.
Source
2️⃣ Montenegrin Authorities To Release Do Kwon As He Awaits Extradition 🔍
According to local media reports, Terraform Labs co-founder Do Kwon will be allowed to leave prison on March 23 as local courts decide on his fate over extradition to the United States or South Korea. Notably, the move comes roughly a year after being held in custody. However, Kwon will be forced to surrender his travel documents to prevent him from leaving the country. The decision to release Kwon reportedly came from the Council of the Supreme Court.
Source
3️⃣ FTX To Offload $1B Anthropic Stake To Pay Off Bankruptcy Debts Within Weeks ⚡️
According to a CNBC report, bankrupt crypto exchange FTX will soon offload its stake in artificial intelligence firm Anthropic (worth $1 billion) as part of a deal to pay off its bankruptcy debts. The report states that global investors including sovereign wealth funds are lining up for the chance to purchase the shares. However, CNBC’s sources also claim that Anthropic will not consider allowing any investment from Saudi Arabia due to national security concerns.
Source
4️⃣ SEC Again Delays Decision on Grayscale Ethereum ETF ‼️
In a filing published on March 22, the U.S. Securities and Exchange Commission revealed that it was postponing a decision on whether to approve Grayscale Ethereum Futures Trust's Ethereum ETF application. The new deadline is May 30.
The filing reads,
The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.
🔔 MARKET MOVING NEWS! (22/03/24)
1️⃣ Newly Issued Gaming Token Exploited on Blast With $4.6M Drained ❌
‘SSS’, the new token issued by the gaming project Super Sushi Samurai on layer-2 network Blast, has reportedly been exploited with $4.6 million stolen less than a week after its introduction. The hacker exploited a vulnerability in the smart contract's mint function before selling tokens directly into the SSS liquidity pool.
Fortunately, it appears the exploit was carried out by a white-hat hacker. The hacker sent a message to the team via a BlastScan message, stating that the event was a "white hat rescue" hack. They also suggested that they would like to work together on “reimbursing users.”
Source
2️⃣ Avalanche 'Meme Coin Rush' Offers $1 Million in Rewards for Traders ✨
The Avalanche Foundation has announced the launch of Meme Coin Rush, a $1 million liquidity mining incentive program aimed at boosting the meme coin ecosystem on the Avalanche blockchain. The announcement follows the Foundation's recent acquisition of five Avalanche-based “community coins” — KIMBO, COQ, GEC, TECH, and NOCHILL. Under the liquidity mining program, the Foundation will hand out rewards for providing liquidity for meme coin trading pools on certain DeFi platforms.
Source
3️⃣ Do Kwon’s Extradition Case May Be Headed to Montenegro’s Supreme Court ☄️
Montenegro’s Supreme State Prosecutor’s Office (SSPO) has reportedly challenged the High Court’s decision to extradite Do Kwon, co-founder of Terraform Labs, to his native South Korea instead of the U.S. According to the SSPO’s request, the appellate court violated procedure in rejecting an appeal from Kwon’s legal team. It argued only the Supreme Court had the authority to adopt a legal decision in the case.
The translated statement reads,
The court, contrary to the law, conducted abbreviated, instead of regular proceedings and by exceeding the limits of its powers, made a decision on the extradition permit, which is the exclusive competence of the Minister of Justice.
🔔 MARKET MOVING NEWS! (21/03/24)
1️⃣ SEC Probing Crypto Companies in Ethereum Investigation as Hopes For ETF Dim ‼️
According to a Fortune report, the United States Securities and Exchange Commission has issued several subpoenas to U.S. companies in an attempt to label Ether as a security. The report also stated that the Ethereum Foundation is facing questions from an unnamed "state authority" after the group’s website's GitHub repository displayed a GitHub commit dated Feb. 26, 2024. The commit states, "we have received a voluntary enquiry from a state authority that included a requirement for confidentiality."
Source
2️⃣ Do Kwon Appeal of South Korea Extradition Rejected by Montenegro Court ❌
A Montenegro appeals court has reportedly rejected an appeal from Terraform Labs co-founder Do Kwon that could have blocked his extradition to South Korea. Do Kwon's attorney, Goran Rodic, told CoinDesk that the extradition was now final, and neither the U.S. nor Kwon could further appeal the decision. However, the timeline for his extradition is yet to be disclosed.
Source
3️⃣ Coinbase Transactions Are Failing Due to Congestion on Ethereum Scaler Base 🔴
Transactions on crypto exchange Coinbase are reportedly stuck due to issues on the layer-2 network Base.
Coinbase representatives stated,
Due to high network traffic on the Base network, transaction fees increased over the last 24 hours. Some user transactions that were submitted with lower fees may be stuck in a 'pending' state. If possible, users with pending transactions should cancel their transaction and resubmit with the latest estimated gas fee. If you are unable to cancel your pending transaction, the transaction will complete once traffic subsides. Rest assured, your funds are safe. Pending transactions will process once fees reduce. The Coinbase Wallet team is working on implementing a transaction cancellation feature, and will provide an update once available.