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Coin Bureau Insider

🔥 Rally Report 🔥

TONCOIN

The price of TON has rallied by 17% in the past 24 hours.

WHY?!

📈 The rally comes after Notcoin, a viral Telegram-based game, announced that its anticipated token NOT will be launching on OKX Jumpstart and Binance launchpool. Crypto exchange Bybit also announced a listing of NOT on the exchange.

🔍 Specifically, Binance’s listing of Notcoin has led to speculation about a possible spot listing for TON as well.

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

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

Folks!

If you want to make the most of this bull market, you need to know your exchanges back to front.

That’s why today we’re bringing you a step-by-step guide to KuCoin, a top exchange beloved for its vast selection of exotic altcoins. KuCoin calls itself the ‘People’s Exchange’, and that’s no bluff. It has 30 million users in 200+ countries, and is the seventh biggest exchange by trading volume.

In this video, you’ll learn everything you need to know, from setting up, depositing and withdrawing crypto, to trading on the spot and futures markets like a pro. Not only that, you’ll learn about KuCoin’s passive income products, games (yes, really), and other unique features.

Plus, if you stick around, you’ll even learn how to save big bucks on KuCoin trading fees, with a little help from the Coin Bureau.

So, we’ll see you at the like button!

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Coin Bureau Insider

🔥 Rally Report 🔥

AKASH NETWORK

The price of AKT has rallied by 8% in the past 24 hours.

WHY?!

📈 The rally seems to be led by speculative trading activity on South Korean crypto exchanges.

🕯 Notably, the AKT/KRW pair on the South Korean crypto exchange Upbit saw a daily trading volume of $38M, accounting for nearly 61% of AKT’s global trading volume today.

If you want to buy or trade AKT, we have an exclusive trading fee discount of up to 60% on Kucoin 👇

🔗 https://www.coinbureau.com/deals/trading/kucoin/

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Coin Bureau Insider

🚨New Video Alert!! 🚨

Unless you’ve been living under a rock, you’ll know that asset managers like Blackrock have been super bullish on crypto.

Another asset manager is Fidelity, who are almost as big as Blackrock. They recently published their Q1 report for BTC and ETH’s performance. I’m sure you’ll all agree that so far, 2024 has been eventful to say the least.

That’s why, when we saw this report, we knew we had to take a closer look. It breaks down how Bitcoin and Ethereum have performed, issues they could face going forward, and where they could be headed next.

If you hold either BTC or ETH (as we’re sure most of you do), then you’ll want to watch this one right until the end.

P.S. We hope you like our Shakespearean rhymes 😉

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Coin Bureau Insider

According to a Bloomberg report, the Nigerian government is preparing to introduce new regulations to ban peer-to-peer (P2P) cryptocurrency trading using the national currency, the Nigerian naira. Nigeria’s Securities and Exchange Commission Director General Emomotimi Agama has stated that the new rules would be rolled out “in the coming days” covering crypto exchanges, digital asset custodians and other corners of the sector.

Agama stated,

The thing that needs to be done is delisting the naira from the P2P space in order to avoid the level of manipulation that is currently happening. Recent concerns regarding crypto P2P traders and their perceived impact on the exchange rate of the naira has underscored the need for collective action.


Source

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Coin Bureau Insider

🔥 Rally Report 🔥

AIOZ NETWORK

The price of AIOZ has rallied by 13% in the past 24 hours.

WHY?!

📈 The rally follows a listing for AIOZ on the South Korean crypto exchange Bithumb

⚡️ Interestingly, in the few hours since its listing, Bithumb has accounted for over 25% of AIOZ’s 24-hour trading volume today.

If you want to buy or trade AIOZ, 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

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

It’s Monday, and that means it’s time for another weekly crypto review. Last week, the bull market flashed before everyone’s eyes as BTC crashed and then recovered on bullish macro news.

The resulting bullish sentiment seems to have overshadowed the dark clouds forming over Ethereum’s ecosystem. Either that or nobody has been paying attention (which seems more likely).

While everyone has been distracted, the Hong Kong ETFs have been accumulating hundreds of millions in total value locked, and the Fed and Treasury began stealthily easing financial conditions – bullish.

Be sure to watch until the end to find out where last week’s top gainers are headed next!

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Coin Bureau Insider

🔥 Rally Report 🔥

WORLDCOIN

The price of WLD has rallied by 17% in the past 24 hours.

WHY?!

📈 Part of a larger rally seen among AI-themed and AI-related altcoins.

🔍 Interestingly, the rally comes shortly after legendary investor Warren Buffett compared the impact of AI technologies in illicit financial activities to the advent of the atomic bomb and the proliferation of nuclear weaponry, at the company’s annual shareholder meeting. Buffet stated that if he was interested in investing in scamming, AI technology was going to be the growth industry of all time.

If you want to buy or trade WLD, 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

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

It’s been a hairy few weeks in the markets.

But let’s not forget how far we’ve come: crypto went on a monster run in Q1 2024, and BTC is still up a lot.

It’s important to keep the big picture in sight. That’s why today we are breaking down a new Q1 market report from one of the biggest companies in crypto. It covers BTC’s price action and the state of the market in 2024; onchain analysis from Ethereum and Solana; CEX and DEX metrics compared, and more.

By the end of this video, you’ll have a razor sharp understanding of where we are in the current cycle, how we got here, and how you can set yourself up for success in Q2.

You don’t want to fade this one - see you at the like button!

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Coin Bureau Insider

🔥 Rally Report 🔥

AKASH NETWORK

The price of AKT has rallied by 8% in the past 24 hours.

WHY?!

📈 The rally seems to be led by speculative trading activity on South Korean crypto exchanges.

🔍 Notably, the AKT/KRW pair on the South Korean crypto exchange Upbit saw a daily trading volume of $62M, accounting for nearly 78% of AKT’s global trading volume today.

If you want to buy or trade AKT, we have an exclusive trading fee discount of up to 60% on Kucoin 👇

🔗 https://www.coinbureau.com/deals/trading/kucoin/

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

Ahhh, Casey Rodarmor. The gift that keeps on giving - even if the gifts aren’t always to everybody’s taste.

If you’re not sure who Casey is, he’s the chap that brought us Bitcoin Ordinals and Inscriptions last year. These were just some of his controversial ideas. His latest one? Runes.

Launching simultaneously with the Bitcoin Halving, Runes have quickly become a hot topic in the Bitcoin community, mostly because they’re essentially just memecoins on the Bitcoin blockchain. Casey himself describes the Runes protocol as “shitcoining on Bitcoin”.

But, could there be more to Runes than meets the eye? Today, we’ll be taking a look at the Runes protocol, including how it works, future potential, and even show you how you can get your hands on some.

Enjoy!!

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Coin Bureau Insider

🔥 Rally Report 🔥

DOGWIFHAT

The price of WIF has rallied by 25% in the past 24 hours.

WHY?!

📈 Part of a larger rally seen among dog-themed meme coins.

‼️ The rally follows the publication of the U.S. government’s Nonfarm Payrolls report. The report forecasted that the unemployment rate for April was 3.9%, which was 0.1% higher than the expected 3.8%. High unemployment rates are ironically bullish since they make it more likely that the Fed will consider lowering interest rates, increasing the attractiveness of risk assets like stocks and crypto, including meme coins.

If you want to buy or trade WIF, 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

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (03/05/24)

1️⃣ PayPal Expands Crypto Offerings With MoonPay Integration 🤝

Fintech giant PayPal has reportedly partnered with MoonPay to expand its cryptocurrency offerings, providing its more than 426 million customers access to over 100 digital assets. The partnership will also allow MoonPay users in the U.S. to seamlessly buy crypto with PayPal through wallet transfer, bank transfer, and debit card transactions. MoonPay believes that this will help avoid the kinds of banking hurdles that some users have encountered with crypto purchases.

A MoonPay spokesperson stated,

Frequently, crypto purchases fail when users attempt to use their debit cards directly due to certain bank restrictions. MoonPay's partnership with PayPal offers a solution, significantly increasing the success rate of crypto transactions—even when using the same debit card.


Source

2️⃣ U.S. Senate's Warren Warns National Security Chiefs About Iranian Crypto Mining 🧐

United States Senators Elizabeth Warren and Angus King have reportedly penned a letter to Secretary of Defense Lloyd Austin, Secretary of the Treasury Janet Yellen and National Security Advisory Jake Sullivan, warning of potential national security threats posed by cryptocurrency miners in Iran.

The letter outlined Iran's status as a leading jurisdiction for bitcoin mining and how its central bank channels cryptocurrency to fund the economy, though many of the citations were based on activity in 2021. It asked the Biden administration to provide information related to possible ties between the Iranian government and local crypto miners and how digital assets might be used to bypass U.S. sanctions.

Source

3️⃣ Chainalysis Will Help Tether Monitor Secondary Market For Illicit Activity 🔍

Stablecoin issuer Tether has reportedly teamed up with blockchain surveillance company Chainalysis to monitor transactions with its tokens on secondary markets. Tether stated that Chainalysis’ surveillance system will allow it to gain market insights and identify wallets that may be tied to illicit or sanctioned addresses.

Tether CEO Paolo Ardoino stated,

Our collaboration with Chainalysis marks a pivotal step in our ongoing commitment to establishing transparency and security within the cryptocurrency industry. […] This collaboration reinforces our proactive approach to safeguarding our ecosystem against illicit activities.


Source

4️⃣ Dorsey's Block To Invest 10% Of Bitcoin Profits Into BTC Each Month, Shares Rise On Q1 Earnings Beat 💸

Payments firm Block has reportedly begun a dollar cost averaging (DCA) program to add to its already sizable Bitcoin (BTC) stack, with a current value of around $4.7 billion. Specifically, the company stated that it plans to use 10% of its monthly bitcoin-related gross profit to buy additional bitcoin each month until the end of 2024. The company also released a document outlining its process for acquiring, storing, and accounting for its Bitcoin holdings.

Notably, the announcement came during its first-quarter earnings report. Block shares were trading higher in the after-hours session on Thursday after its first-quarter earnings beat analysts' expectations. Adjusted earnings of 85 cents per share bested the consensus estimate by 13 cents, while revenue of $5.97 billion topped Wall Street's $5.82-billion projection. Gross profit grew 22% from last year's first quarter to $2.09 billion.

Source

5️⃣ Biggest Friend.Tech Whale Dumps Tokens As Users Struggle To Claim Airdrop 🔽

Friend.tech’s largest airdrop recipient “Murphys1d” has reportedly sold all his tokens just hours after the airdrop. The new Friend.tech (FRIEND) token fell over 52.5% since launch, from $3.26 to just $1.60 at the time of writing. Notably, while Murphys1d sold over 55,000 of the newly-issued Friend tokens, some users were unable to claim their airdrop, including crypto investor Luke Martin.

Martin tweeted,

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (02/05/24)

1️⃣ Spot Bitcoin ETFs Record Largest Daily Net Outflows Ever 🔽

Yesterday, United States-based spot Bitcoin ETFs posted record net outflows with $563.7 million leaving the funds. Notably, Fidelity’s FBTC experienced the largest net outflows, with over $191 million moving out of the fund, followed by Grayscale’s GBTC with $167.3 million net outflow. BlackRock’s iShares Bitcoin Trust also saw its first-ever outflow day with $36.9 million of outflows.

Source

2️⃣ Pike Finance Clarifies ‘USDC Vulnerability’ Statement On $1.6M Exploit ▶️

DeFi lending protocol Pike Finance suffered an exploit on April 30th that led to the loss of $1.68 million worth of digital assets across the Ethereum, Arbitrum and Optimism chains. Following the exploit, the team published an announcement saying that the exploit was related to a “USDC vulnerability.” This statement led to confusion among users as it seemed to hint at problems with the stablecoin issued by Circle. In an attempt to clear up this confusion, Pike has published a statement clarifying that the root cause of the exploit is unrelated to the functionality of USDC-issuer Circle product offerings. Rather, the exploit was caused by “weak security measures” in Pike's contract functions when handling transfers with the Cross-Chain Transfer Protocol (CCTP), a service provided by Circle.

Source

3️⃣ MicroStrategy Is Building ‘Decentralised ID’ on Bitcoin Using Ordinals-Like Inscriptions 💸

During a presentation at the annual MicroStrategy World conference in Las Vegas, MicroStrategy co-founder and Executive Chairman Michael Saylor announced the launch of ‘MicroStrategy Orange’ – an open-source decentralised identity solution on the Bitcoin network that uses Ordinal-based inscriptions to store and retrieve information.

MicroStrategy has published an unofficial draft of the MicroStrategy Orange specification on Github. The platform consists of three fundamental pieces - Orange Service, Orange SDK and Orange Applications. Orange Service allows users to issue DIDs to their personnel and deploy applications, while Orange SDK and Orange Applications provide customization tools to integrate specific services on mobile and desktop devices.

Source

4️⃣ Jack Dorsey's Block Faces Scrutiny From Federal Authorities Over Non-Compliant Crypto Services ‼️

According to an NBC News report, federal prosecutors are investigating fintech firm Block's Square and Cash App units over alleged sanctions violations and regulatory non-compliance issues. Specifically, Block's crypto unit is under scrutiny for allegedly processing transactions linked to sanctioned countries and terrorist organizations. Former employees of Block are cooperating with prosecutors as they uncover compliance failures within the company. NBC News has quoted a former Block worker saying that “everything in the compliance section was flawed,” with thousands of questionable transactions allegedly going unreported to the U.S. Office of Foreign Assets Control.

Source

5️⃣ Proposed US Bill Wouldn’t Allow Taxing Block Rewards At Acquisition 🔍

U.S. lawmakers Rep. Drew Ferguson and Rep. Wiley Nickel have reportedly introduced the Providing Tax Clarity for Digital Assets Act to the U.S. House of Representatives. The bill seeks to clarify how Bitcoin and crypto miners are taxed over block rewards. Notably, the proposed legislation states that staking rewards would be considered created property under U.S. tax code, and that taxes on block rewards would be collected at the point of sale.

Crypto advocacy group Coin Center described the bill as having “sensible policies” and the Crypto Council for Innovation CEO Sheila Warren called the legislation “right on point” for providing needed guidance. She stated that the proposed bill would “resolve major issues with how cryptocurrencies are taxed today and put the technology on a level playing field.”

Source

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Coin Bureau Insider

https://www.youtube.com/watch?v=TpMBLdKPpT4

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https://www.youtube.com/watch?v=jVx1_AIxxtE

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (09/05/24)

1️⃣ House Votes To Nullify SEC’s Anti-Crypto Banking Guidance SAB 121 ▶️

The U.S. House of Representatives has voted to approve a resolution rejecting the U.S. Securities and Exchange Commission's (SEC) controversial cryptocurrency accounting guidance known as SAB 121. Notably, SAB 121 requires firms, including banks, that custody crypto to record customer crypto holdings as liabilities on their balance sheets. The resolution passed by the U.S. House of Representatives seeks to formally disapprove of the SEC's guidance, with support from both Democrats and Republicans.

However, President Joe Biden has stated he will veto the resolution if it reaches his desk for approval, citing the potential risks and losses to consumers that led to the issuance of SAB 121. The Biden administration stated,

SAB 121 was issued in response to demonstrated technological, legal, and regulatory risks that have caused substantial losses to consumers. By virtue of invoking the Congressional Review Act, it could also inappropriately constrain the SEC’s ability to ensure appropriate guardrails and address future issues related to crypto-assets including financial stability.


Source

2️⃣ Optimism’s Superchain Now Supports Layer 3 Chains Via OP Stack ☄️

Ethereum scaling solution provider Optimism has announced that Layer 3 chains can now join the Superchain by building on the OP Stack and sharing sequencer revenue with its governance body, the Optimism Collective. Notably, layer 3 builders who join the Superchain will have access to retroactive funding, airdrops, and growth campaigns, along with a broad network of developers. Two key features are coming to the OP Stack to support the integration of Layer 3s — custom gas tokens, and “Plasma Mode.” Custom gas tokens allow chains to design their transaction fees and Plasma Mode allows chains to pick their own data availability (DA) layer.

Source

3️⃣ DWF Labs Denies Report That It Did $300 Million Of Wash Trading On Binance Last Year 🧐

A recently published Wall Street Journal report claims that Binance investigators uncovered $300 million worth of wash trading from crypto trading and market-making firm DWF Labs during 2023. The report cited an anonymous source claiming to be a former Binance insider. Binance reportedly launched an investigation into the allegations but claimed there was insufficient evidence. The report claims the exchange fired the head of the surveillance team and rejected the request to remove DWF Labs as a client.

Both DWF Labs and Binance have denied the allegations. A Binance spokesperson told Cointelegraph,

Binance emphatically rejects any assertion that its market surveillance program has permitted market manipulation on our platform. We have a robust market surveillance framework that identifies and takes action against market abuse. Any users that breach our terms of use are off-boarded; we do not tolerate market abuse.


Source

4️⃣ Proposed US Blockchain Integrity Act Would Ban Crypto Mixers For 2 Years 🔍

A group of five Democratic congresspeople led by Sean Casten have reportedly introduced a bill called the Blockchain Integrity Act in the United States House of Representatives. The bill seeks to ban cryptocurrency mixers for two years and would temporarily prohibit financial institutions, including cryptocurrency exchanges, virtual asset service providers and any other registered money service businesses, from accepting funds that had gone through a mixer or allowing funds to be withdrawn directly to the address of a mixer. Every violation would be subject to a civil penalty of up to $100,000.

Source

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Coin Bureau Insider

https://www.youtube.com/watch?v=t4LqBsylgBk

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (08/05/24)

1️⃣ Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan 🤩

According to recent court filings, bankrupt crypto exchange FTX has proposed a new reorganisation plan that will see creditors get back 118% of their claims – in cash – within 60 days of court approval. However, only creditors holding claims in an allowed amount below $50,000 will be eligible for the 118% recovery. The estate estimates that over 98% of its creditors fall within this limit. While some still deem the plan unjust, the proposed payouts are higher than earlier estimates from the FTX estate, which said in October it expected to pay back only 90% of customer funds.

Source

2️⃣ Grayscale Withdraws Ethereum Futures ETF Application to SEC 🤔

Crypto asset manager Grayscale has reportedly withdrawn its 19b-4 application for an Ether futures exchange-traded fund (ETF). Notably, the withdrawal comes just three weeks before the securities regulator is forced to decide on it.

Bloomberg ETF analyst James Seyffart described this as an “interesting move” since he initially believed that Grayscale planned to strategically use its Ether futures ETF as a “trojan horse” to corner the SEC into approving its spot Ether ETF. But, now that it's withdrawn, it means that there is “no way” for Grayscale to sue the SEC if it knocks back its spot Ether ETF application.

Source

3️⃣ Vitalik Buterin Proposes EIP-7702 Aiming To Refine Account Abstraction On Ethereum ⚡️

Ethereum co-founder Vitalik Buterin and co-authors have reportedly proposed a new Ethereum Improvement Proposal (EIP) called EIP-7702 as an alternative to EIP-3074 to refine account abstraction on the Ethereum network.

Notably, the new EIP-7702 suggests a novel transaction type that allows externally owned accounts (EOAs) to temporarily function as smart contract wallets during a transaction and revert to their original state afterwards. The proposal aims to achieve backward compatibility with ERC-4337, a broader standard for smart contract wallets.

Source

4️⃣ Bybit To Integrate Ethena Labs' USDe As A Collateral Asset ‼️

Crypto exchange Bybit has reportedly integrated yield protocol Ethena’s synthetic dollar ‘USDe’ as a collateral asset to trade perpetual futures of all assets and in spot trading pairs for bitcoin and ether. This integration is expected to allow users to earn yield and "unlock greater capital efficiency." USDe will also launch within the exchange's Earn platform, and users will be able to use their synthetic dollars for Bybit launchpool farming.

Guy Young, CEO and founder of Ethena Labs stated,

Ethena’s integration with Bybit is a significant step in driving use cases for USDe. Offering USDe as collateral on Bybit which is one of the most important derivative venues in all of crypto will unlock USDe’s next wave of growth, further challenging the existing stablecoin hegemony with a tailored product purpose-built for crypto-natives.


Source

5️⃣ LocalMonero Exchange Shuts Down As Crypto Privacy Services Dwindle 🔽

LocalMonero, a peer-to-peer (P2P) trading platform for privacy coin Monero, has announced that it will be shuttering its services with immediate effect due to “internal and external factors.” All new signups and advertisement postings for Monero trades are disabled. The platform also stated that it will disable the trading of XMR on May 14. The move comes after nearly seven years of its operation. It told Cointelegraph that “the wider hostility toward privacy-centric products and services was certainly a factor.” The team also stated that the imminent launch of DEXs such as Haveno and Serai and a recently announced privacy update called Full-Chain Membership Proofs (FCMPs) gives them confidence that Monero’s future is bright, “with or without our platform.”

Source

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (07/05/24)

1️⃣ Robinhood Crypto Says SEC Has 'Weak' Case in Response to Wells Notice 🔍

Yesterday, Robinhood Crypto, the digital assets arm of the popular stock trading app, announced that it had received a Wells Notice from the United States Securities and Exchange Commission (SEC). However, Dan Gallagher, Robinhood Markets’ chief legal, compliance and corporate affairs officer stated that he believes the regulator has a weak case against the firm and that the platform was “disappointed” that the agency decided to issue a Wells notice after “years of good faith attempts to work with the SEC.”

Gallagher’s statement reads,

We firmly believe that the assets listed on our platform are not securities. We look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be on both the facts and the law.


Source

2️⃣ Popular Crypto Wallet MetaMask Rolls Out 'Smart Transactions' to Combat Ethereum Front-Running ☄️

Ethereum crypto wallet provider MetaMask is reportedly introducing a new feature called Smart Transactions to help users avoid the consequences of maximal extractable value (MEV). Notably, Smart Transactions will allow users to submit transactions to a "virtual mempool" before they are officially finalised on-chain, protecting against certain MEV strategies and running simulations to help users get lower fees.

The virtual mempool is MetaMask's first step in a roadmap to change how it routes transactions to Ethereum. Jason Linehan, director of the Special Mechanisms Group division of Consensys, stated,

There's $400 million every year that are being wasted on reverting transactions, stuck transactions, and just very obviously predatory MEV front-running and sandwich attacks. Everyone agrees it's a huge problem. From a user experience perspective, the idea that you pay for a transaction that does nothing, that's, like, nonsensical.


Source

3️⃣ Bitcoin Wallet Maker Exodus Jumping Up to New York Stock Exchange ⚡️

Exodus Movement, the software developer behind the Exodus Wallet for Bitcoin, has reportedly received approval to list its common stock on the New York Stock Exchange (NYSE). The common stock tokenised on the Algorand blockchain will be traded under the ticker symbol EXOD on the NYSE. This makes Exodus the only US company to have its common stock tokenised on the blockchain. The tokenisation of the stock allows for easier and faster trading and potential benefits such as dividend payouts and governance on the blockchain.

Source

4️⃣ SEC Punts Galaxy Spot Ethereum ETF Decision To July ‼️

The United States Securities and Exchange Commission has reportedly delayed its decision on Galaxy Invesco’s application for a spot Ether ETF. According to the May 6 filing, the SEC gave itself another 60 days to make a call on the Galaxy’s ETF, with the next deadline set to July 5. This is the latest in a line of delayed decisions on applications from all eight prospective Ether ETF issuers including BlackRock, Fidelity, Franklin Templeton, Hashdex, and Ark 21Shares.

Source

5️⃣ Jack Dorsey’s Block To Raise $1.5B In Senior Notes Offering 💰

Fintech firm Block has announced plans to issue $1.5 billion in senior notes through a private placement to qualified institutional investors. The price of Block’s shares rose more than 4% following the announcement. The terms of the notes, including interest rates and maturity dates, are subject to negotiation with the initial purchasers. Investors permitted to join the round include pension funds, banks, mutual funds and high-net-worth individuals.

Source

6️⃣ Nigeria To Ban Peer-To-Peer Crypto Trading In Naira

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https://www.youtube.com/watch?v=uXbnvyUdnus

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🔔 MARKET MOVING NEWS! (06/05/24)

1️⃣ Bitcoin Surpasses One Billion Transactions Processed, Eight Hundred Weeks After Launch 💸

The Bitcoin network has reportedly processed its one billionth transaction (the count doesn’t include transactions made on the Lightning Network). Notably, the milestone comes exactly eight hundred weeks and one day after the network minted its genesis block on January 3, 2009. Clark Moody’s Bitcoin dashboard shows that transaction 1,000,000,000 was processed in block 842,241 at 9:34 pm UTC on May 5.

Source

2️⃣ Cardano Founder Proposes Bitcoin Cash Integration In X Poll 🕯

Cardano founder Charles Hoskinson posted a “hypothetical poll” on the social media platform X asking the crypto community if they want to see Bitcoin Cash become “a Cardano Partnerchain.” He stated that the integration will see Bitcoin Cash “upgraded with Useful Proof of Work Leios, NiPoPoWs, and Ergo tech,” potentially making it “the fastest and most useful proof of work chain ever built.” The poll received more than 12,000 votes in its first 24 hours with a 66.3% early majority voting “Yes” to the proposal.

Source

3️⃣ Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report 🤔

According to new findings by Visa and data platform Allium Labs, less than 10% of stablecoin transaction volumes are organic or come from real people. The report highlighted that out of about $2.2 trillion in total transactions in April, just $149 billion originated from “organic payments activity.” The analysis removed transactions done by bots and large-scale traders to “isolate those made by real people.” However, despite the discrepancy between total transfer volume and bot-adjusted transfer volume, the report also found a steady growth of monthly active stablecoin users, with 27.5 million monthly active users across all chains.

Source

4️⃣ Bitcoin Ordinals Size Record Broken Again 💥

OrdinalsBot, a Bitcoin Ordinals platform, has reportedly created the largest Ordinals inscription to date on Inscription number 70,614,708. The new inscription weighs in at a hefty 3.969 megabytes, a mere 0.001MB larger than the previous record-holder from March. The OrdinalsBot team announced that it contains a copy of “A Declaration of Independence in Cyberspace” by Logos Network.

Source

5️⃣ Jack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’ 🔍

Twitter co-founder Jack Dorsey has reportedly left the board of Bluesky - a decentralised social media platform that he conceived and funded in 2019 when he was Twitter’s CEO. Bluesky confirmed Dorsey’s exit from its board in a May 5 post on the platform, thanking him for his help in starting and funding the project. Neither Bluesky nor Dorsey explained why he decided to leave.

Source

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https://www.youtube.com/watch?v=iaAgzXX3ta0

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🔔 MARKET MOVING NEWS! (05/05/24)

1️⃣ Vodafone Looks To Integrate Crypto Wallets With SIM Cards ‼️

United Kingdom-based telecommunications provider Vodafone is reportedly planning to bring blockchain technology to smartphone users by integrating cryptocurrency wallets with subscriber identity module (SIM) cards.

The plans were revealed by Vodafone’s Blockchain Lead David Palmer in a recent interview with Yahoo Finance Future Focus. Palmer stated,

By 2030 we’re expecting more than 20 billion mobile phones to be in operation, many of those being smartphones. […] So we’ve focused on linking the sim card to digital identity, linking the sim card to blockchains, and using the cryptography we have in those sim cards for that integration.


Source

2️⃣ Sui Network Addresses Claims About Its Token Supply 🎙

In a recent post on X, the Sui Network clarified misunderstandings about its token supply, especially those relating to the distribution and control of its SUI token. Sui stated that its tokenomics are sound and that it uses reputable third parties to handle token storage. It also stated that its tokens are released according to a predetermined schedule, they are publicly accessible, and its founders cannot control the treasury or tokens allocated to investors, including the community reserve.

The tweet reads,

The founder of MystenLabs does not control the Sui Foundation treasury, the community reserve, stake subsidies, or any tokens allocated to investors […] Sui Foundation is the largest holder of locked tokens, which will be unlocked in accordance with the public emissions schedule. These tokens are used to support builders, advance the Move programming language, increase network security, and grow the ecosystem through initiatives like developer grants, hackathons, bug bounties, academic research, and more […] 100% of staking rewards earned by the Sui Foundation are returned to the community, and included in the public emission schedule.


Source

3️⃣ Coinbase Faces Copycat Class Action Suit Asserting Tokens Are Securities In Echo Of Pending Case 🔍

Crypto exchange Coinbase and its CEO Brian Armstrong are reportedly facing a new class-action lawsuit alleging investors were deceived into buying securities and claims the company’s business model is illegal, echoing a case already faced by the company.

The lawsuit, filed in the Northern District of California by west coast law firm Scott+Scott and representing plaintiffs located in California and Florida, says Coinbase's sales of digital assets mean the company "knowingly, intentionally, and repeatedly violated state securities laws since it began doing business."

Source

4️⃣ Bitfinex CTO Denies Rumors Of Data Breach From Ransomware Group

Bitfinex chief technology officer Paolo Ardoino has cast skepticism on claims by hacking group Fsociety that it hacked cryptocurrency exchange Bitfinex’s database and leaked 22,500 customer emails and passwords. Ardoino stated that the claims “seems fake” after “deep analysis” of Bitfinex’s systems found no breach. He also noted that fewer than a quarter of the email addresses supposedly stolen from Bitfinex's servers match legitimate users.

Ardoino further stated,

Their post was published the 25th of April, giving 7 days to contact them. Yet we discovered about this claim only yesterday. If they had any real information they would have asked a ramson [sic] through our bug bounty, customer support ticket, emails, twitter etc. We couldn't find any request.


Source

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Coin Bureau Insider

https://www.youtube.com/watch?v=o5DtseL4cE4

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (04/05/24)

1️⃣ Bitcoin Price Rises Above $61K Following US Unemployment Data 📈

The price of BTC surged following the publication of the government's Nonfarm Payrolls report on Friday morning. Notably, the report stated that the unemployment rate for April was 3.9%, which is higher than analysts’ forecasts of 3.8% and March's 3.8%. It also showed that the U.S. economy added 175,000 jobs in April, this is lower than forecasts for 243,000 jobs and March's 315,000. This is bullish since labour market weakness makes it more likely that the Fed will consider lowering interest rates, which increases the attractiveness of risk assets like stocks and crypto

Source

2️⃣ Trader Loses $68M In Address Poisoning Scam 🥶

According to blockchain security firm Cyvers, an unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction after falling victim to an address-poisoning exploit.

Address poisoning is a technique that involves tricking the victim into sending a legitimate transaction to the wrong wallet address by spamming their transaction history with transactions from a wallet address that mimics the first and last six characters of the true wallet address. In this case, the exploiter mimicked a 0.05 ether (ETH) transaction before receiving 1,155 WBTC from the victim.

Source

3️⃣ BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Conspiracy Charge ⚡️

According to an announcement from the U.S. Department of Justice, Alexander Vinnik, the Russian co-founder of the former BTC-e crypto exchange, pleaded guilty to a charge of conspiring to commit money laundering.

Vinnik was an operator of BTC-e between 2011 and 2017 and the exchange reportedly processed more than 1 million users transacting over $9 billion in crypto before it was shut down in July 2017. Notably, BTC-e was linked to the hack of the now-defunct crypto exchange Mt. Gox after it was used to launder some 300,000 (BTC) from Mt. Gox.

Source

4️⃣ Former Cred Execs Face Wire Fraud and Money Laundering Charges ▶️

Daniel Schatt, Joseph Podulka, and James Alexander - three former executives of bankrupt cryptocurrency lender Cred were reportedly indicted Thursday on charges of conspiracy to commit wire fraud, wire fraud and engaging in financial transactions for illicit purposes. Prosecutors allege that the three executives misled customers about Cred’s lending and investment practices by claiming to only engage in “collateralised or guaranteed lending,” when in fact it was not. Schatt and Podulka appeared in court for the first time on May 2 and must return to enter a plea on May 8. Alexander’s initial court date has not yet been set.

Source

5️⃣ LayerZero Offers Sybil Farmers Chance To 'Self-Report' In The Name Of Durability 🔍

LayerZero Labs has announced a solution to address Sybil activity from users who were farming the project’s upcoming airdrop. The creator of the cross-chain communication protocol introduced a self-reporting mechanism, offering sybil users 15% of their planned token allocation for honesty within a defined 14-day period. LayerZero stated that it believes it’s important for its protocol to distribute tokens to genuine, committed network users rather than individuals who engage in sybil farming.

Source

6️⃣ Grayscale Bitcoin ETF Snaps Losing Streak, Pulls In $63 Million 🔼

Grayscale Investments has reportedly achieved its first day of net positive inflows for the Grayscale Bitcoin Trust (GBTC), ending an 11-week streak of net negative outflows since its conversion to a Bitcoin exchange-traded fund (ETF) in January. According to Farside’s preliminary data, Grayscale’s GBTC recorded $63 million in inflows on May 3 after recording approximately $17.5 billion of outflows since the 11 spot Bitcoin ETFs launched on Jan. 11.

Source

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Coin Bureau Insider

Watching the value of my airdrop go from 7 figures to 5 figures in the span of 2 hours while I keep refreshing the page trying to claim....still can't claim. Adds insult to injury.


Source

6️⃣ Coinbase Reports First-Quarter Revenue Beat After Bitcoin Rally Leads To Surge In Profit 📈

Crypto exchange Coinbase has reported a strong rebound in the first quarter of 2024, supported by an uptick in market performance and the launch of Bitcoin exchange-traded funds (ETFs). The company reported $1.6 billion in total revenue and a net income of $1.18 billion, compared to a loss of $78.9 million last year. Consumer transaction revenue was $935 million for the quarter, up well over 100% from a year earlier. According to analysts from Raymond James, multiple insiders at Coinbase, including four members of the C-suite, collectively sold $383 million of the company's shares during the first quarter.

Source

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🔥 Rally Report 🔥

ARWEAVE

The price of AR has rallied by 13% in the past 24 hours.

WHY?!

🎙 Coinbase announced that it was adding support for Arweave perpetual futures on Coinbase International Exchange and Coinbase Advanced.

🔍 The opening of AR-PERP markets will begin on or after 9:30AM UTC on 9th May 2024.

If you want to buy or trade AR, 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

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Coin Bureau Insider

🔥 Rally Report 🔥

DOGWIFHAT

The price of WIF has rallied by 16% in the past 24 hours.

WHY?!

📈 Part of a larger rally seen among meme coins on the Solana network.

🔍 According to data shown on Coingecko, the total market cap for meme coins created on Solana sits at over $6.9 billion, up by roughly 7% in the last 24 hours. Interestingly, the rally seems to be largely led by ‘cat-themed’ meme coins on Solana. This includes coins such as POPCAT, MEW, MANEKI and HOBBES.

If you want to buy or trade WIF, 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

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🚨 New Video Alert!! 🚨

Do you know what money is? If you think it’s the paper bills in your wallet or your bank account balance, you’d be mistaken. That’s not money, that’s currency.

This fundamental fact is why so many of us have had such a hard time getting ahead – we haven’t been working for money, we’ve been working for currency.

This begs the question of what actual money is, and in today’s video, we give you what the most comprehensive answer is probably you will find.
Notably, this information will help you make actual money.

Enjoy!

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