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Coin Bureau Insider

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Coin Bureau Insider

However, despite announcing that Coinbase systems are fully operational, some users have reported facing technical difficulties. Coinbase’s status page has also noted that it has been facing “degraded transactions” on May 14 but said that the incident has been resolved as of 4:19 am UTC, along with the system-wide outage.

Source

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Coin Bureau Insider

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (13/05/24)

1️⃣ North Korean Hackers Deploy ‘Durian’ Malware, Targeting Crypto Firms ‼️

According to a May 9 threat report from cybersecurity firm Kaspersky, North Korean hackers are using a “striking” new malware variant dubbed “Durian” to launch attacks on South Korean crypto firms. The report states that at least two cryptocurrency firms have experienced a series of targeted attacks from the North Korean hacking group Kimsuky. Specifically, Kimsuky used the new malware to exploit legitimate security software used exclusively by crypto firms in South Korea.

Source

2️⃣ China Is Paying Some Workers In Digital Yuan – But Few Are Choosing To Use It

According to a May 13 report from the South China Morning Post, some Chinese cities have begun paying state employees in the country’s CBDC. However, most of these early adopters are reportedly converting their earnings to cash immediately. The report suggested that many Chinese citizens remain hesitant to use a purely digital currency like the digital yuan due to broader fears of surveillance and its limited use cases.

Sammy Lin, an account manager at a Chinese state bank in Suzhou stated,

I prefer not to keep the money in the e-CNY app because there’s no interest if I leave it there. There are also not so many places, online or offline, where I can use the e-yuan.


Source

3️⃣ Metaplanet Makes Bitcoin a Reserve Asset As Japan’s Debt Mountain Grows 🕯

Tokyo-listed Metaplanet has reportedly adopted BTC as a strategic reserve asset and hedge against Japan's debt burden and the resulting volatility in the yen. The company stated that it acquired a total of 117.7 BTC ($7.19 million) since April.

The company stated,

Metaplanet has adopted bitcoin as its strategic reserve asset. The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen. As the yen continues to weaken, Bitcoin offers a non-sovereign store of value that has, and may continue, to appreciate against traditional fiat currencies.


Source

4️⃣ El Salvador Launches $360M Bitcoin Treasury Monitoring Website 💸

El Salvador has reportedly launched its own proof-of-reserves website. Notably, the website features various tools for monitoring the country’s Bitcoin holdings using on-chain data. The country’s Bitcoin treasury officially holds 5,748 BTC, roughly worth $360 million at current prices.

Source

5️⃣ Synthetix Founder Kain Warwick Launches Infinex ☄️

Synthetix co-founder Kain Warwick has officially launched Infinex - a front-end site that aims to simplify DeFi by abstracting away barriers such as wallet setup, asset bridging, and gas fees into a single user-friendly layer. Infinex Account, the platform's main feature, will offer cross-chain capabilities secured through passkey authentication and social sign-in options. Infinex will operate alongside Synthetix and currently supports six blockchains, including Ethereum, Solana, and Polygon.

Warwick stated,

Infinex will make it possible for everyone to use crypto and gain access to the expansive options of on-chain trading without relying on someone’s centralised database and relinquishing control of their assets.


Source

6️⃣ Bitcoin Worth Over $60 Million Moved For The First Time In 10 Years 🔍

Two mysterious Bitcoin wallets that had been dormant for more than 10 years, holding a combined 1,000 Bitcoin (worth $61 million), have suddenly woken up and transferred almost all their BTC holdings to other wallets. While the funds sent from the first address were subsequently split and sent on to additional addresses, the funds sent from the second address are yet to be transferred further.

Source

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Coin Bureau Insider

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (12/05/24)

1️⃣ Tether Plans to Invest More in CityPay.Io to Boost Eastern European Expansion 💰

Stablecoin issuer Tether is reportedly planning to increase its presence in Eastern Europe by investing more in Georgian payment service CityPay.io. Notably, the additional funding follows its 2023 investment, when it became the first stablecoin to invest in the company. The payment processing company, which allows users to pay for goods and services with crypto, is active in more than 2,000 locations across Georgia. Tether’s investment will boost CityPay.io’s expansion in Eastern Europe, which is focused primarily on Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan.

Tether CEO Paolo Ardoino stated,

Our previous collaboration with CityPay.io yielded exciting results in expanding convenient cryptocurrency use across Georgia. With this second investment, we aim to build on those results and drive the adoption of cutting-edge technologies that disrupt traditional payment systems.


Source

2️⃣ Interpol Nigeria Boosts Cybersecurity With Virtual Asset Training ‼️

Nigerian Interpol, cybersecurity experts and other members of the local intelligence community have reportedly attended a virtual asset training program conducted by A&D Forensics in partnership with the Africa Stablecoin Consortium. The meeting took place in Nigeria’s capital, Abuja.

According to blockchain specialist Chioma Onyekelu, the training session aimed to empower Interpol agents with the skills to leverage blockchain intelligence and analysis in tracing and prosecuting cybercriminals involved in cryptocurrency transactions, specifically those using Bitcoin and stablecoins.

Source

3️⃣ Three Weeks After Its Blockbuster Launch, Runes Faces Declining Activity 🔽

According to a Dune analytics dashboard compiled by Runes Is, activity on Bitcoin's novel Runes protocol has decreased significantly since its first week of trading. Notably, the dashboard shows that May 10th saw some of the lowest levels of activity yet on the Runes protocol, with the fewest number of new mints and fewest new wallets interacting with the protocol since its launch.

Data from The Block also shows a steady decrease in fees generated by the protocol. While Runes still generate hundreds of thousands of dollars per day in fees on the Bitcoin blockchain, the sum of fees has exceeded $1 million only twice in the past couple of weeks.

Source

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🚨 New Video Alert!! 🚨

If you’re a hardcore crypto investor, chances are it’s because you believe that it’s the only way you can get ahead. This has become a universal feeling, particularly among younger generations.

Believe it or not, but this feeling has a specific name: financial nihilism. It’s a phenomenon that’s been rising for years, and went parabolic after the pandemic, specifically because of pandemic stimulus.

It turns out that the philosophy behind financial nihilism could have profound effects on not just society, but also the markets. Spoiler: it seems to be the reason why memecoins are rallying like crazy.

This is a video you cannot miss!

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (10/05/24)

1️⃣ ETH Reverts to Inflationary Asset Following Fee-Reducing Dencun Upgrade 🤔

According to a recent CryptoQuant report, the supply of Ethereum's Ether is no longer deflationary after the network’s highly anticipated Dencun upgrade went live two months ago. Notably, the recent Dencun upgrade was designed to reduce fees and help scale the network. However, it also appears to have potentially reversed one of the key benefits of the 2022 Merge. The report reveals that Dencun has made transaction fees on Ethereum on average four times lower than before, making the amount of ETH getting burned to one of the lowest levels since the Merge while supply is growing at the fastest rate since 2022.

Source

2️⃣ Canadian Regulator Fines Binance $4.4M For AML And CFT Violations ‼️

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has reportedly imposed a $4.4 million administrative monetary penalty on Binance for failing to comply with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations. According to the regulator, Binance failed to register as a foreign money services business. It also supposedly failed to report 5,902 crypto transactions bigger than $10,000 and their attached know-your-customer (KYC) information. The regulator reported that Binance’s activities for incurring the fine happened when it was winding down its operations in Canada in 2023.

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3️⃣ Grayscale Parent Digital Currency Group Reports $229M Revenue for Q1 💰

Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue of $229 million. DCG stated that Grayscale accounted for $156 million of its first quarter revenue. Notably, sharp rises in the price of bitcoin (BTC) and ether (ETH) kept the revenue from Grayscale flat from the previous quarter despite heavy redemptions and a reduced management fee following the conversion of the Grayscale Bitcoin Trust (GBTC) to an ETF. Two other notable DCG ventures, crypto mining pool Foundry and investing platform Luno, saw revenue increases of 35% and 46%, respectively.

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4️⃣ Bugs In Gains Network Fork Let Traders Profit 900% On Every Trade: Report ▶️

According to an April 19 report from blockchain security firm Zellic, two different bugs in a fork of the Gains Network leveraged trading protocol could have allowed traders to profit 900% on every trade, regardless of the price of the token traded. Notably, one of the bugs existed in a previous version of Gains but was later patched while the other was only found in a fork of the protocol. While Zellic’s staff has informed the developers of Gains forks Gambit Trade, Holdstation Exchange, and Krav Trade of the vulnerability, other Gains forks may still be vulnerable.

Source

5️⃣ Eclipse CEO Steps Back Amid Harassment Allegations 🔍

Neel Somani, the founder and CEO of Ethereum scaling company Eclipse, has announced that he would be stepping back from his role as a "public face" for the company after a flurry of sexual harassment allegations against him resurfaced.

Somani stated,

Serious allegations have been made against me on Twitter in the last week. These allegations are false, but serious allegations about sexual misconduct warrant a serious and thoughtful response […] I'll be temporarily reducing my role as a public face for Eclipse. The senior leaders at Eclipse are well equipped to take on these responsibilities and this will allow these conversations to unfold and the truth to emerge about these allegations.


Source

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Coin Bureau Insider

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.

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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.


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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.

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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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Coin Bureau Insider

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

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Coin Bureau Insider

🔔 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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Coin Bureau Insider

🚨 New Video Alert!! 🚨

If you thought that central banks like the Fed are the ones controlling the markets, think again. Some time ago, the baton of control was passed from monetary policy to fiscal policy AKA the Treasury.

Understanding this is critical to forecasting where markets are headed next, which is why we decided to do a video about this topic. Spoiler: it’s basically a crash course in macro and how it affects markets.

By the end of this video, you’ll know only understand how the Treasury has been controlling the markets, but why it’s been doing it, and what could come next for your portfolio.

Enjoy!

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (14/05/24)

1️⃣ Crypto Prime Brokerage Firm Falcon Labs Settles With CFTC Over Registration Violation

Crypto prime brokerage firm Falcon Labs, Ltd. has reportedly paid $1.8 million in disgorgement and penalties to settle with the U.S. Commodity Futures Trading Commission after the agency said it should have been registered as a futures commission merchant (FCM).

The CFTC said Falcon Labs was an "intermediary facilitating its customers’ trading on various digital asset exchanges." The CFTC also noted that Monday’s order was the "first action against an unregistered FCM that inappropriately facilitated access to digital asset exchanges."

Source

2️⃣ DYdX Founder Antonio Juliano to Step Down as CEO of the Decentralised Exchange; Ivo Crnkovic-Rubsamen Takes Over ⚡️

Antonio Juliano, the founder of decentralised crypto exchange dYdX, is reportedly stepping down as CEO after seven years of heading the crypto derivatives platform. Juliano announced his decision to move from the exchange's daily operations to the position of chairman and president. Ivo Crnkovic-Rubsamen, dYdX’s former chief strategy officer, will be replacing Juliano as CEO.

Source

3️⃣ Biden Orders Removal Of Chinese-Owned Crypto Miner Near Missile Base 🧐

U.S. President Joe Biden has signed an order preventing MineOne Cloud Computing Investment - a China-linked crypto mining firm, from continuing to use land near a Wyoming nuclear missile base. Specifically, the order forces MineOne and its partners to remove all the improvements and mining equipment on the property located within a mile of the military facility in Cheyenne – a base that houses Minuteman III nuclear missiles.

Biden stated,

There is credible evidence that leads me to believe that MineOne Partners Limited, a British Virgin Islands company ultimately majority owned by Chinese nationals [...] might take action that threatens to impair the national security of the United States.


Source

4️⃣ Solana Meme Coins, GameStop Stock Rocket as 'Roaring Kitty' Returns on X 🕯

The return of Keith Gill, a financial analyst and investor who goes by the X handle ‘Roaring Kitty,’ on social media platform X has unleashed a massive flood of Solana-based meme coins through the pump.fun protocol. Notably, Gill is closely linked to GameStop’s stock rally in 2021.

Gill announced his return to X (formerly Twitter) by posting a meme that refers to a period of “locking in,” a colloquial term for a period of intense focus or concentration. Users on X and Reddit took this as a sign that he was locking into trading markets. GME Stonks, GameOver, and KiethGillWifHat are a few examples of tokens launched through pump.fun in the last 24 hours. Stocks related to Gill such as GME also saw its price go up as high as 44% in pre-market trading, and as high as 100% on market open before trading was halted.

Source

5️⃣ Hong Kong’s Spot Bitcoin And Ether ETFs Experience Largest Net Daily Outflows Since Debut 🔍

According to data from SosoValue and Farside Investors, Hong Kong’s Bitcoin and Ether exchange-traded funds (ETFs) recorded their largest net outflows on Monday since debuting on April 30.

ChinaAMC’s spot bitcoin ETF led the outflows with 251.65 BTC in outflows, followed by Harvest’s outflow of 147.86 BTC and Bosera HashKey’s 119.99 BTC. The three ETFs held about 3,560 BTC as of Monday, with total net assets shrinking to $219.7 million, compared to Friday's $262.7 million. Meanwhile, spot Ether ETFs from the same issuers saw total joint net outflows of $6.6 million. Harvest Global and ChinaAMC tied for most outflows with $3 million each.

Source

6️⃣ Coinbase Recovers After System-Wide Outage, But User Withdrawals Remain Offline ‼️

Crypto exchange Coinbase suffered a major outage earlier today. The outage lasted three hours at 4:19 am UTC and eventually managed to fully recover by 7:34 am UTC. While the exact reason behind the outage remains unknown, Coinbase said it will continue investigating the issue.

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

It’s been a quiet week for crypto on the surface. Beneath the surface however, there have been a lot of big developments that could have massive implications for the crypto market.

For starters, we’ve got fresh FUD – allegations of market manipulation on one of the largest exchanges. At the same time, we’ve got old FOMO – the spot Ethereum ETFs could still be on the menu.

Not only that, but macro indicators seem to be pointing to a big risk on rally. This ultimately depends on economic data we get later this week. AI cryptos could also see significant gains.

Watch until the end to find out where some of them are headed!

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Coin Bureau Insider

🔥 Rally Report 🔥

TONCOIN

The price of TON has rallied by 5% in the past 24 hours.

WHY?!

☄️ The rally is a result of the viral Telegram-based game Notcoin’s NOT launching on OKX Jumpstart and Binance launchpool today.

🔍 Specifically, OKX Jumpstart will allow users to earn NOT rewards in exchange for staking TON.

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!! 🚨

Memecoins might be ridiculous, but they’re also the best performing asset class this year.

And recently, the FOMO got so bad that even institutional investors want in.

No, seriously: asset managers and venture capital firms are now betting on memecoins.

Needless to say, this raises a lot of questions. Like who, which dog and how much? And when a bunch of suits start bidding a joke, is it still funny? And what does this all mean for the future of memecoins?

In today’s video, we have all the answers. See you at the like button!

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Coin Bureau Insider

https://youtu.be/mZSafBpFC0c?si=5fZVi0AzZhHkoIqf

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (11/05/24)

1️⃣ EigenLayer Opens Claims for Airdrop of EIGEN Token, Though It's Non-Transferable ‼️

Ethereum restaking protocol EigenLayer has reportedly initiated the airdrop of its EIGEN token. However, the tokens are currently non-transferable, making them unable to be sold. While the Eigen Foundation has stated that EIGEN would become transferable at a yet-to-be-defined date, speculators on decentralised exchanges like Aevo and Hyperliquid are valuing EIGEN at around $9. This values EIGEN’s marketcap at roughly $15 billion, given the total supply of EIGEN at launch is 1,673,646,668.28466 tokens.

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2️⃣ Banking Giant Wells Fargo Reveals Investments in Bitcoin ETFs 💸

According to paperwork recently filed with the U.S. Securities and Exchange Commission (SEC), American banking giant Wells Fargo has made investments in Bitcoin exchange-traded funds offered by Grayscale and ProShares. Specifically, Wells Fargo reported it held 37 shares of the ProShares Bitcoin Strategy ETF (BITO), which offers exposure to BTC futures, and 2,245 shares of Grayscale Bitcoin Trust (GBTC), which was converted to an ETF. The firm also reported 52 shares in Bitcoin Depot, a crypto ATM provider.

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3️⃣ JPMorgan Reports Holding Shares Of Several Spot Bitcoin ETFs ▶️

U.S. based financial company JPMorgan Chase has reportedly disclosed investments in Bitcoin exchange-traded funds offered by Grayscale, ProShares, Bitwise, BlackRock and Fidelity. Notably, JPMorgan Chase’s disclosure was made in an SEC filing that came the same day as Wells Fargo’s. JPMorgan Chase reported it held roughly $760,000 worth of shares of the ProShares Bitcoin Strategy ETF (BITO), BlackRock's iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC) and the Bitwise Bitcoin ETF. It also reported 25,021 shares worth roughly $47,000 in Bitcoin Depot, a crypto ATM provider.

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4️⃣ Binance Obtains FIU Approval For India Return ☄️

Global crypto exchange Binance has reportedly obtained approval from India’s Financial Intelligence Unit (FIU) to offer its services in the country. The recent approval makes Binance the second off-shore crypto exchange to get a regulatory nod after KuCoin. Binance is now a ‘reporting entity’ registered under the FIU. Although Binance has registered with the FIU, its operations in the country will only resume after paying a $2 million fine for noncompliance.

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5️⃣ Justice Department Grants Binance Monitorship to FRA Over Sullivan & Cromwell 🔍

The United States Department of Justice (DOJ) has reportedly appointed Forensic Risk Alliance (FRA) as the outside monitor for crypto exchange Binance. Notably, FRA, a London-based firm specialising in forensic accounting and compliance consulting services, beat out Sullivan & Cromwell for the position. As monitor, FRA will be tasked with ensuring that Binance complies with the plea agreement. It will gain access to internal records, facilities and employees to report on the company’s activities to the government. The monitorship is expected to be "hard" on Binance but may allow the exchange to re-enter markets it had been dropped from.

Source

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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.


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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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