🔔 MARKET MOVING NEWS! (28/05/24)

1️⃣ Bitcoin Falls After Mt. Gox Wallets Move $9 Billion Worth of BTC 💸

BTC's price dropped to $68K after defunct Bitcoin exchange Mt. Gox moved 140,000 BTC (worth around $9 billion) to an unknown address starting early Asian morning hours on Tuesday. Rehabilitation trustee Nobuaki Kobayashi has made a press release confirming that no sale of bitcoin or bitcoin cash (BCH) had taken place and that the group was just "managing bitcoin and bitcoin cash in a secure manner."

Source

2️⃣ Solana Validators To Receive Full Priority Fees As SIMD-0096 Proposal Gains Approval ‼️

Solana validators have approved a proposal (SIMD-0096) to send all transaction priority fees generated by network users to validators, instead of splitting them between burning fees and rewarding validators. The vote passed by a margin of 77%. This proposal aims to improve incentives for validators and network security and eliminate potential side deals between block producers and transaction submitters. The implementation of the proposal on Solana's mainnet is expected to take several months.

Source

3️⃣ Caitlyn Jenner Joins Rich The Kid Alleging They Were ‘Scammed’ 🤔

Former Olympic gold medal-winning decathlete Caitlyn Jenner has joined American rapper “Rich the Kid” (Dimitri Leslie Roger) in their recent claim that they were “scammed” by memecoin collaborator Sahil Arora, following a series of bizarre celebrity token launches on May 26. Both Rich the Kid and Jenner claim that Arora dumped the tokens from the deployer wallet after getting the celebrities to promote it.

Source

4️⃣ Hong Kong Will Inspect Offices of Crypto Platforms as Important Compliance Deadline Looms 🔍

According to a recent announcement made by Hong Kong's Securities and Futures Commission (SFC), the regulator will conduct on-site inspections of all crypto platforms providing trading services known as virtual asset trading platforms (VATPs) in Hong Kong. The announcement comes ahead of the June 1 deadline. Beyond that deadline, it would be a "criminal offence” for unlicensed VATPs to operate in Hong Kong, due to a breach of anti-money laundering and counter-terrorism laws.

The announcement reads,

In the coming months, whilst the deemed-to-be-licensed VATP applicants pursue their applications, the SFC will conduct on-site inspections to ascertain their compliance with the SFC’s regulatory requirements, with a particular focus on their safeguarding of client assets and know-your-client processes.

Source

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🔔 MARKET MOVING NEWS! (27/05/24)

1️⃣ Cristiano Ronaldo Unveils 4th NFT Collection With Binance Despite $1B Lawsuit 🔍

Portuguese footballer Cristiano Ronaldo has announced the launch of his fourth NFT collection in partnership with Binance. Notably, the new collection is set to launch on 29 May on the Binance NFT Marketplace. It reportedly celebrates the footballer's history and features highlights from throughout his storied career. Interestingly, the announcement comes while the football superstar faces a $1B class action lawsuit in a United States district court in Florida over his previous participation in NFT collection sales with Binance.

Source

2️⃣ Normie Dumps 99% as Attacker Calls Meme Coin’s Tax Contract a 'Copy-Paste' Job 🔽

Base memecoin Normie (NORMIE) plunged 99% in price on Sunday after being hit by an exploit that saw attackers completely drain its liquidity pools. Notably, the hackers exploited a tax function in the token’s contract to issue more tokens than the intended 1 billion supply. The extra tokens were traded for ether. In an on-chain message sent on Monday, the attacker called Normie’s contract code a “copy-paste” job which was likely not thoroughly reviewed by its developers before being pushed live. He also sent the team another on-chain message offering Normie developers a way to receive 90% of the stolen funds back if they agreed to relaunch the project.

Source

3️⃣ TON Blockchain’s Total Value Locked Surpasses $300 Million 📈

As per data presented on DeFiLlama, the total value locked on the TON blockchain has crossed $300 million for the first time. Notably, this is an over tenfold increase since early March. The rapid growth in TVL has mainly been driven by DEXs such as Ston.fi and Dedust, as well as liquid staking projects like Tonstakers and bemo.

Source

4️⃣ Argentina Aims to Learn From El Salvador's Bitcoin Success 💸

The government of Argentina is reportedly working with El Salvador to learn from its experience of Bitcoin adoption and other cryptocurrency activities. According to an official announcement by CNV, Argentina’s National Securities Commission (CNV) held a meeting with El Salvador’s National Commission of Digital Assets (CNAD) to address crypto adoption and regulation in the two countries.

Source

5️⃣ Nomura, Laser Digital Partner With GMO To Explore Stablecoin Issuance In Japan 🔥

Japanese banking giant Nomura and its digital asset arm ‘Laser Digital’ have reportedly partnered with Japan-headquartered GMO Internet Group to explore the issuance, redemption and circulation of Japanese yen- and U.S. dollar-denominated stablecoins in the country. The partnership also plans to offer "stablecoin-as-a-service" products to assist companies in issuing stablecoins.

Steve Ashley, executive chairman of Laser Digital, stated

As the digital asset landscape evolves, the development of a stablecoin for use in the Japanese market will be key to expanding the accessibility and adoption of digital assets in Japan and beyond.

Source

6️⃣ Caitlyn Jenner’s X Account Promotes Memecoin Amid Hack Concerns 🥶

Caitlyn Jenner’s X account has been promoting an eponymous memecoin launched via token launchpad Pump.fun. Jenner’s X handle first tweeted the link to the meme token on Sunday afternoon, with the caption — “Let’s all win together!! Send me some of your favourite memecoins here.”

The reality TV star’s X account stated that it had not been hacked and even posted a video featuring a person who appears to be Jenner. However, many X users cast doubt on the legitimacy of the account and the video, with some insisting that the video was deepfaked with AI.

Source

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🔔 MARKET MOVING NEWS! (26/05/24)

1️⃣ Donald Trump Declares US Must Not Settle For ‘Second Place’ In Crypto Industry 💸

In a May 25 post on Truth Social, former U.S. President Donald Trump stated that the United States must not settle for anything but the “top place” in the cryptocurrency industry. Notably, the post was made prior to his address at the Libertarian National Convention in Washington, D.C.

The post reads,

I AM VERY POSITIVE AND OPEN MINDED TO CRYPTOCURRENCY COMPANIES, AND ALL THINGS RELATED TO THIS NEW AND BURGEONING INDUSTRY. OUR COUNTRY MUST BE THE LEADER IN THE FIELD. THERE IS NO SECOND PLACE. CROOKED JOE BIDEN, ON THE OTHER HAND, THE WORST PRESIDENT IN THE HISTORY OF OUR COUNTRY, WANTS IT TO DIE A SLOW AND PAINFUL DEATH. THAT WILL NEVER HAPPEN WITH ME!

Source

2️⃣ Trump Pledges to Free Silk Road Creator Ross Ulbricht If Re-Elected ‼️

During his Saturday night remarks at the Libertarian National Convention in Washington, D.C., former U.S. President Donald Trump pledged to commute Silk Road founder Ross Ulbricht’s life sentence to time served if he’s re-elected president. He also expressed his support for the cryptocurrency industry and promised to protect the rights of crypto holders and prevent the creation of a central bank digital currency.

Trump stated,

I will ensure that the future of crypto and the future of bitcoin will be made in the USA, not driven overseas. I will support the right to self custody. To the nation’s fifty million crypto holders, I say this: I will keep Elizabeth Warren and her goons away from your bitcoin, and I will never allow the creation of a central bank digital currency.

Source

3️⃣ Aptos Hits All-Time High In User Transactions 📈

Layer-1 blockchain platform Aptos has reportedly achieved a new milestone in blockchain transactions. Specifically, Aptos recorded 115. 4 million transactions in a single day on May 25, surpassing the previous L1 record of over 65 million transactions held by Sui Network. According to Aptoscan, the blockchain’s user TPS (transactions per second) also reached an all-time high of 32,000 on the same day. Notably, the recent surge in transaction activity on Aptos is attributed to the launch of Tapos Cat, a new tap-to-earn game that has gained rapid popularity. The game processed an impressive 10 million transactions within its first day on the mainnet.

Source

4️⃣ Musk Plans xAI Supercomputer, Dubbed ‘Gigafactory of Compute’ 🤖

According to a report from The Information, Elon Musk’s artificial intelligence startup xAI has plans to build a supercomputer in partnership with Oracle. The project is being framed as a “Gigafactory of Compute” for training and developing the next generation of the company’s Grok AI systems.

Source

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🔔 MARKET MOVING NEWS! (25/05/24)

1️⃣ UK Woman Jailed for Laundering Crypto Tied to $5.6 Billion Fraud 🔒

Jian Wen, a British-Chinese woman, has reportedly been found guilty of laundering bitcoin as part of a $6 billion fraud in China. Notably, Wen allegedly laundered about 150 BTC between 2017 and 2022 for a Chinese woman who used to be her former boss. Wen reportedly laundered the proceeds by converting the Bitcoin into cash and purchasing property, jewellery and other luxury items. London’s Southwark Crown Court has sentenced her to six years and eight months in prison.

Source

2️⃣ Investigation Finds FTX Bankruptcy Lawyer Didn’t Conspire With Exchange ❓

An independent investigation conducted by former United States prosecutor Robert Cleary has reportedly found that Sullivan & Cromwell LLP, the law firm that oversaw the FTX bankruptcy, was unaware of the dire financial conditions and underlying fraud that led to the collapse of the once-thriving exchange. Cleary noted that while attorneys at Sullivan & Cromwell did make false statements while representing FTX, they did so without knowing the statements were false.

Source

3️⃣ Solana Pantera, Figure Markets Buy Last of Discounted FTX Solana 💰

The estate of bankrupt crypto exchange FTX has reportedly offloaded the last of its highly discounted SOL tokens to Pantera Capital and Figure Markets. According to Bloomberg’s sources, Figure paid about $80 million for a block of 800,000 coins, roughly equating to $102 per token. This is a steep discount to its current market price of $169. A four-year vesting schedule for the tokens will be implemented as part of FTX’s agreement with purchasers of the discounted assets.

Source

4️⃣ Ethereum Foundation Says It's Working To Address Potential Conflicts Of Interest ‼️

According to a recent statement made by Ethereum Foundation (EF) Executive Director Aya Miyaguchi, the organisation is accelerating work on a formal policy to address potential conflicts of interest. Notably, the statement comes after two of EF’s researchers disclosed receiving “significant” EigenLayer token incentives.

Miyaguchi’s statement reads,

The Ethereum Foundation’s credible neutrality is critical for us to perform our role in the ecosystem. We are aware of the current conversation about potential conflicts of interest, and share the community’s concerns. It is clear that relying on culture and individual judgment has not been sufficient, and we have been working on a formal policy to address this problem for a while now. We will be accelerating this work and will share an update soon.

Source

5️⃣ Solana Eyes 2025 For Firedancer Rollout As DePIN Activity Surges 🔍

According to Solana Foundation’s DePIN lead Kuleen Nimkar, Solana plans to release a full version of the Firedancer upgrade in 2025, with “pared-down versions” rolling out prior. The upgrade aims to increase Solana’s overall reliability and scalability as network activity from decentralised physical infrastructure protocols (DePIN) continues to grow. Protocols pumping DePIN activity onto Solana include Helium, Hivemapper, and Render.

Source

6️⃣ Bitcoin Miner Marathon Digital Partners With Kenya On Renewable Energy Projects 🤝

Bitcoin mining firm Marathon Digital Holdings has announced a new partnership with Kenya’s Ministry of Energy and Petroleum (MOEP) that will see the firm work on a series of Bitcoin-based renewable energy projects in Kenya. According to a joint statement, the two groups will establish a committee charged with steering the development and implementation of those energy-related projects across the African nation.

Source

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🔔 MARKET MOVING NEWS! (24/05/24)

1️⃣ Ether ETFs Clear Major Hurdle, Though SEC Hasn't Cleared Them for Trading Yet ⚡️

The U.S. Securities and Exchange Commission has reportedly approved the 19b-4 forms for eight spot Ethereum ETFs. The eight ETF issuers are BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton. However, they are not yet cleared to trade. The regulator must approve their S-1 filings before investors can buy them. The approval follows a stunning turnaround by the markets regulator. After clearing spot bitcoin ETFs earlier this year, the SEC didn't seem to engage much with issuers on ether ETFs.

Bloomberg ETF analyst James Seyffart stated,

A week ago, I would've said you were a little crazy to think that these ETFs were going to get SEC approval.

Source

2️⃣ Polymarket Gets Backlash Over ‘Approved’ Outcome On $13M Ethereum ETF Bet 🔍

Users of the decentralised betting platform Polymarket are reportedly criticising the platform’s decision to close on a “yes” result on a betting market that saw over $13.2 million worth of bets placed on whether an Ether ETF would be approved by May 31. Notably, the betting market did not exactly specify what “approved” meant.

Users who lost money by betting against the approval of spot Ether are crying foul toward the decentralised betting platform, arguing the bet is still on. They argue that a United States ETF needs an approved 19b-4 filing and Form S-1 to start trading on an exchange, and without the S-1 filing, there can’t be a “Yes” result.

Source

3️⃣ Algorand Causes A Stir With New Ad Bashing Bitcoin, Ethereum And Solana 🥶

Yesterday, the Algorand Foundation released a new advertisement on YouTube titled “When blockchains meet the real world, only one delivers.” However, the ad has generated controversy by taking a dig at rival networks Bitcoin, Ethereum, and Solana. It featured a supermarket checkout with shoppers attempting to pay in three different crypto assets, Bitcoin, Ether and Solana. It then suggested they were not suitable for payments by citing that Bitcoin payments would take 27 minutes to finalise, Ethereum payments would cost $112 in fees, and Solana payments were impossible because the transaction kept failing. The camera then panned to the next checkout queue processing customers instantly using Algorand with the captions “Instant finality. Low Fees. Designed for the speed of life.”

Chainlink community liaison Zach Rynes commented on the ad, stating,

This kind of marketing makes no sense to me. Non-crypto people will just walk away with a negative impression (“yeah crypto sucks”), not even knowing it’s an ad *for* crypto.

Source

4️⃣ DOGE Meme Icon Kabosu Passes Away At 18 🐶

Kabosu, the Shiba Inu known as the face of the legendary “Doge” meme and the Dogecoin memecoin, passed away peacefully at the age of over 17 years old on May 24. A farewell party for Kabuso is reportedly being held on May 26th in Narita City. Her owner, 62-year-old kindergarten teacher Atsuko Sato, who lives in the city of Sakura in Chiba Prefecture, Japan, confirmed the news Friday in a blog post.

Source

5️⃣ Bitcoiner Raises The Orange Flag On Mount Everest 💸

Dadvan Yousuf, a 23-year-old crypto user who recently climbed Mount Everest, reportedly presented an orange flag with the Bitcoin logo when he reached the peak. Yousuf stated that the expedition was intended to highlight the “global disparity in access to financial education.”

A spokesperson for Yousuf told Cointelegraph,

Funnily enough, other climbers asked about the memecoin pepe and where the best place to buy it was on the highest place on earth. The sherpas were enthusiastic about the principle of Bitcoin and were visibly happy.

Source

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🔔 MARKET MOVING NEWS! (23/05/24)

1️⃣ U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support ☄️

The U.S. House of Representatives has reportedly voted to pass a bill known as the Financial Innovation and Technology for the 21st Century Act (FIT21). Notably, the FIT21 seeks to establish regulations for digital asset markets, marking a significant legislative accomplishment for the crypto industry. The bill received bipartisan support, with Democrats crossing party lines to vote in favour.

The bill will now move to the U.S. Senate, where its future is uncertain due to a lack of counterpart legislation and unclear support for the effort. If passed by the Senate and signed into law, the bill clarifies the roles the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have over digital assets.

Source

2️⃣ Gensler Must Answer for Prometheum, ‘Regulatory Uncertainty’ on Ethereum, Lawmakers Say ‼️

Chairman of the House Financial Services Committee Patrick McHenry and subcommittee heads Bill Huizenga and French Hill have reportedly sent a letter to SEC Chair Gary Gensler, demanding the SEC hand over records and communications related to Prometheum and the regulatory status of Ethereum.

The letter reads,

Prometheum’s announcement that it will offer custody services for ETH [raises] a number of questions regarding what are, and what are not, permitted activities for SPBDs. Without answers, […] our concerns about the precedent being set by the SEC, Financial Industry Regulatory Authority (FINRA), and Prometheum are growing.

Source

3️⃣ 18M Americans Used Or Owned Crypto In 2023 — Fed Survey 💸

According to the Fed’s latest Survey of Household Economics and Decisionmaking (SHED), the number of United States adults reporting crypto ownership or usage dropped to around 18 million in 2023. Notably, the Fed’s results are far below Coinbase’s long-touted claim in its lobbying efforts that 52 million Americans own crypto. SHED also reported that only 1% of adults said they use crypto as a payment method or to send money, down half from 2022, while 7% purchased or held crypto as an investment.

Source

4️⃣ BlackRock, Grayscale, Bitwise File Updated 19B Forms in Rush for Ethereum ETF ⚡️

Asset managers BlackRock, Grayscale and Bitwise have all reportedly filed amended 9b-4 forms with the U.S. Securities and Exchange Commission (SEC) for their proposed spot ether exchange-traded funds (ETFs). Notably, all the updated forms removed the provisions for staking ether.

BlackRock’s amended filing states,

Neither the Trust, nor the Sponsor, nor the Ether Custodian [...] nor any other person associated with the Trust will, directly or indirectly, engage in action where any portion of the Trust’s ETH becomes subject to the Ethereum proof-of-stake validation or is used to earn additional ETH or generate income or other earnings.

Source

5️⃣ SEC Has Started Engaging With Ethereum ETF Issuers Over S-1 Forms: Source 👀

According to a report by The Block, the U.S. Securities and Exchange Commission has begun discussions around S-1 registration statements with prospective Ethereum ETF issuers. The Block’s source is reportedly a high-ranking member at an issuer.

When asked about conversations relating to S-1 forms, they stated,

Basically, it's just starting. It feels a little like [the Division of Investment Management] was more-or-less caught off-guard by the change of tune. So, just starting.

Source

6️⃣ FTX’s Sam Bankman-Fried Being Transferred to New Prison 🔍

According to a Wall Street Journal report, officials are preparing to send former FTX CEO Sam Bankman-Fried (SBF) from New York to a federal facility in California near his parents’ home. SBF could serve most of his sentence at the Federal Correctional Institution in Mendota. If transferred to FCI Mendota, Bankman-Fried would be staying roughly 200 kilometres from his parents’ California home. The facility currently houses 931 inmates, according to the Federal Bureau of Prisons’ website.

Source

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🔔 MARKET MOVING NEWS! (22/05/24)

1️⃣ Farcaster, Blockchain-Based Social Media Startup, Raises $150M, Led by Paradigm 💰

Blockchain-based social-media project Farcaster has reportedly raised $150 million in a Series A funding round. According to a post by founder Dan Romero, the round was led by Paradigm and saw participation from a16z, Haun, USV, Variant and Standard Crypto. Romero also stated that the funding would support the development of Farcaster for several years and added that the project was hiring staff-level engineers.

Source

2️⃣ Uniswap Labs Fires Back Against SEC’s 'Weak and Wrong' Legal Threats 🔍

Uniswap Labs, the developer behind the DEX of the same name, has reportedly filed a response to the United States Securities and Exchange Commission (SEC) issuing a Wells notice to the firm. Uniswap Labs’ Chief Legal Officer Martin Ammori stated that the SEC would have to redefine what an exchange is in order to have jurisdiction over Uniswap.

The company stated,

Their legal arguments are weak and have been refuted by courts. The SEC’s aggressive theories are an effort to expand its jurisdiction beyond exchanges to communications technology—and beyond securities to all markets.

Source

3️⃣ Trump Becomes First Major Party Candidate to Accept Crypto Donations 💸

Former United States President Donald Trump has reportedly begun accepting crypto donations for his presidential campaign. The Trump 2024 campaign has launched a fundraising page for eligible people to donate in crypto using the Coinbase Commerce product. The move comes weeks after Trump declared himself crypto’s candidate at a Mar-a-Lago gala that thrust crypto into the 2024 campaign. The website featured Bitcoin, Ether, Dogecoin, Shiba Inu, XRP, USD Coin, Solana and ZRX logos.

Source

4️⃣ BlackRock's Spot Bitcoin ETF Records Biggest Inflows Since April as BTC Hovers at $70K 🔼

On Tuesday, BlackRock’s IBIT product experienced a significant inflow of over $290 million. Notably, this marks IBIT’s highest one-day inflow this month and the highest since April.5. The inflows come as Bitcoin trades over the $70,000 level for the first time in a month. IBIT’s product page shows that its total holdings stand over $19 billion.

Source

5️⃣ Hong Kong Orders Worldcoin To Cease Local Operations, Calls Iris Data Collection ‘Excessive’ ‼️

Hong Kong's privacy watchdog ‘The Office of the Privacy Commissioner for Personal Data’ (PCPD), has reportedly ordered Worldcoin to cease all operations in the region due to violations of local privacy regulations. It issued an enforcement notice requiring it to stop using iris-scanning devices. Worldcoin confirmed that it conducted facial and iris scan authentication on 8,302 people in HK. The PCPD deemed this "unnecessary and excessive." Worldcoin has faced similar challenges in other jurisdictions, including South Korea, Spain, and Portugal, over its collection of personal biometric data.

The watchdog stated,

Worldcoin would retain personal data for a maximum of 10 years for the purpose of training AI models for the user verification process. The PCPD considered that the retention period was too long and amounted to prolonged retention of personal data.

Source

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5️⃣ Microsoft’s New ‘Black Mirror’ Recall Feature Records Everything You Do 🤖

Software giant Microsoft has launched a new feature called “Recall” for select Windows 11 PCs. Notably, the company stated that “recall” uses AI to keep a detailed log of user activity by storing local snapshots of everything the user does. This allows the program to remember and later find anything displayed on screen—including emails, websites, and applications. The new AI-powered feature will be available on Microsoft’s new line of “Copilot+ PCs.” The feature can also reportedly generate and refine AI images on-device using Cocreator, and translate over forty languages with Live Captions.

Source

6️⃣ Fidelity Files Amended S-1 Registration Statement, Removing Staking Rewards From Prospective Ethereum ETF 🔍

Asset management giant Fidelity has reportedly filed an amended S-1 application with the United States Securities and Exchange Commission (SEC) for its spot Ether exchange-traded fund (ETF). Notably, the amended statement removed all language about staking, including staking rewards. The previous prospectus had said the fund intended to stake a portion of its assets with a staking provider, which would have generated staking rewards.

Source

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🔥 Rally Report 🔥

LIDO DAO

The price of LDO has rallied by 30% in the past 24 hours.

WHY?!

📈 Part of a larger rally among Ethereum ecosystem projects as favourable regulatory developments have increased the likelihood of approval for Spot Ethereum ETFs.

‼️ Notably, sources have stated that the SEC is asking exchanges to update 19b-4 filings on an accelerated basis, suggesting potential progress toward spot Ether ETF approvals.

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🚨 New Video Alert!! 🚨

It’s been an exciting week in the crypto market, and we’re here to break it all down for you. As you might have noticed, BTC rallied quite hard in response to the CPI and the spot Bitcoin ETF inflows.

You may have also noticed that ETH is starting to wake up, at least relative to BTC. This is because the SEC is expected to decide about the spot Ethereum ETFs in the coming days, and it could be surprising.

At the same time, it looks like both Tether and China have started printing money, which is supporting the crypto market for different reasons. Not surprisingly, last week’s top performing cryptos rallied hard.

Be sure to stick around until the end to find out where they’re headed next!

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

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🔥 Rally Report 🔥

NOTCOIN

The price of NOT has rallied by 46% in the past 24 hours.

WHY?!

📈 The rally comes after Notcoin’s recent rollout of the first set of farming pools in its beta phase.

⚡️ Notably, the beta phase is currently accessible to only gold and platinum tier stakers of NOT. Stakers saw boosted earning rates over the weekend.

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🚨 New Video Alert!! 🚨

To say that last week was wild would be an understatement. It seems that the crypto landscape has changed overnight, at least in the United States.

The spot Ethereum ETFs are being approved, pro-crypto bills are being passed, presidential candidates are running on pro-crypto platforms… the list goes on.

This begs the question of what exactly this means for the crypto market. In this week’s crypto review, we’ve got all the answers. Watch until the end!

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🔥 Rally Report 🔥

FLOKI

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

WHY?!

📈 The rally appears to be led by a surge in memecoin trending activity on Binance.

‼️ FLOKI’s official X page also stated that an important announcement will be released today. Additionally, FLOKI is set to start trading on Coinbase perps on May 30th.

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🚨 New Video Alert!! 🚨

Why is everything so expensive? This is a question that almost everyone has been asking, yet only a few know the answer. This is not surprising considering the causes of these costs are complex.

What may come as a surprise is that these causes fundamentally boil down to two simple factors: supply and demand. By analysing these factors, we can assess why everything is so expensive.

Unfortunately, it looks like the cost of living will continue to increase based on this supply and demand analysis. Fortunately, there are things you can do to minimise the effects of either variable.

This is a video you literally cannot afford to miss…

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🔥 Rally Report 🔥

CHILIZ

The price of CHZ has rallied by 11% in the past 24 hours.

WHY?!

📈 The rally seems to be led by speculative trading activity.

🤔 Notably, CHZ investors are speculating the token may benefit from a narrative emerging around the upcoming Euro 2024 soccer tournament. The tournament is scheduled to begin on June 14th this year.

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🔥 Rally Report 🔥

UNISWAP

The price of UNI has rallied by 19% in the past 24 hours.

WHY?!

‼️ Uniswap Labs and Across Protocol have jointly proposed ERC-7683, a new standard establishing a unified framework for intents-based systems to specify cross-chain actions.

☄️ This makes cross-chain interactions more efficient and cost-effective, benefiting users by lowering fees and speeding up transactions. Uniswap Labs has already adopted ERC-7683 for cross-chain swaps on UniswapX.

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🔥 Rally Report 🔥

ONDO

The price of ONDO has rallied by 12% in the past 24 hours.

WHY?!

‼️ The rally follows the recent 19-b form approvals for spot Ethereum ETFs. While not explicitly stated, the approval of forms that describe ETH ETFs as "commodity-based trust shares” has strengthened ETH’s status as a ‘commodity.’ This has further led to a CT narrative that this is effectively a green light for the tokenisation of all assets on Ethereum – making the RWA sector (which ONDO belongs) one of the biggest beneficiaries of the spot ETH ETF approvals.

🔍 Another possible catalyst is Coinbase’s recent support for ONDO on its perpetual market. Trading commenced for ONDO-PERP on Coinbase International Exchange & Coinbase Advanced yesterday.

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Looking for a Bybit guide?! 👇

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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🚨 New Video Alert!! 🚨

It’s about time we did an altcoin update, don’t you think? Well, today we have a very special one for you: Fantom. Fantom has been in the news a lot lately because of its upcoming Sonic Upgrade.

The FTM token itself has also doubled in price (though it’s fallen a bit since that rally). More importantly, it appears that Fantom is pivoting its entire ecosystem over to Ethereum with the Sonic Network.

If you hold FTM or are interested in layer 2s, this is a video you need to see. The same is true if you’re a fan of Solana or Solana killers, as it seems that Fantom may be trying to compete on that front as well…

Enjoy!

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🔥 Rally Report 🔥

BITTENSOR

The price of TAO has rallied by 12% in the past 24 hours.

WHY?!

❓ The rally seems to be fuelled by an unconfirmed rumour that digital asset manager Grayscale plans to register a new trust tracking the token.

🤔 Pseudonymous X user ‘CEYEBER’, who founded the official Bittensor Community Channel on Telegram, claims the Grayscale rumour has been “confirmed by close sources.” However, there is no evidence of this in SEC filings.

‼️ Another factor potentially influencing the rally could be the recent announcement made by Taobot, a component of the Bittensor ecosystem. Notably, the Taobot team announced that it had been accepted as one of the first projects to join Akash Network’s Llama 3 API beta.

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

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

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🔥 Rally Report 🔥

GALA

The price of GALA has rallied by 18% in the past 24 hours.

WHY?!

‼️ The Gala Games exploiter has reportedly returned 5,913 ETH (worth $22M) to the team. The team has since stated that it will use GalaSwap to convert this Ethereum back to GALA. This is likely the primary driver behind the rally.

🔥 Gala Games will also refund all affected users while voting on a proposition to burn 5B tokens and restore the original supply of GALA.

If you want to buy or trade GALA, 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!! 🚨

Buy Now, Pay Later. It’s something you’ve probably seen on various checkout pages, and there’s a good chance you’ve used it yourself at some point.

The idea is simple. You pay a small percentage of the cost upfront, and the remainder is split across a few small payments. A lot of people use this to break a purchase down into bite size chunks, allowing them to balance their finances out in a more affordable way.

The thing is though, there’s a lot more to Buy Now Pay Later (or “BNPL”, as it’s often called) than meets the eye. Under the layer of convenience lies a real threat to the borrower, the retailer, and the wider economy. Heck, it could even become the black swan event that takes the markets by surprise.

So, come with us as we dive into the BNPL craze - the good, the bad, and the downright ugly. And, as a bonus, we’ll even provide you with a few steps to avoid the need to use them in the first place.

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🔔 MARKET MOVING NEWS! (21/05/24)

1️⃣ Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources 📈

According to a CoinDesk report, the U.S. Securities and Exchange Commission (SEC) has asked aspiring ether exchange-traded fund exchanges to update their 19b-4 filings on an accelerated basis. Bloomberg ETF analysts Eric Balchunas and James Seyffart, have also confirmed “chatter” about the same. This has prompted the pair to raise their approval odds from 25% to 75%.

Seyffart hinted that the investment vehicle was becoming an “increasingly political issue.” However, he also clarified that approved 19b-4s must be accompanied by signed-off S-1 registration statements for the spot Ether ETFs to launch. He said it could be weeks or even months for S-1s to be signed off, even if 19b-4s are approved this week.

Source

2️⃣ Yuga Labs Halts CryptoPunks Project After ‘Woke’ Community Backlash 🔍

On May 20, the official CryptoPunks account announced a new NFT collection called Super Punk World. The collection featured 500 pieces of hybridised 3D sculptures, which it described as blurring the lines of race and gender. The pieces were created by New York-based painter Nina Abney and aimed to pay homage to “the irreverent, early-internet roots of the CryptoPunks project.”

However, the project faced immediate backlash from collectors, including claims of “woke” artwork, sometimes accompanied by personal attacks on the artist. Yuga Labs CEO Greg Solano announced that the NFT company would “no longer touch” the CryptoPunks project. Instead, they plan to get Abney’s collection to those already supporting her work in the space. This means there may be a potential airdrop for SuperCoolWorld holders.

Source

3️⃣ 'We Messed Up': Gala Games Confirms $240 Million Worth of Tokens Swiped via Exploit ‼️

The native token of Gala Games, GALA, experienced a sharp decline in price after an attacker minted and made off with 5 billion tokens (worth around $240 million at the time of the exploit) via the Gala smart contract. The attacker, which was identified as a Gala games admin address, managed to sell 600 million Gala tokens (worth $29M) on Uniswap without prior announcement or explanation from Gala Games representatives.

Nearly two hours after the hack was spotted, Gala CEO Eric “Benefactor” Schiermeyer posted an update to the Gala Discord server confirming the exploit and explaining the situation. He stated,

We identified the compromise and within 45 minutes we secured and removed unauthorised access to the GALA contract. It's important to note our ETH contract for $GALA is secure and under the protection of a multi-sig wallet. It was never compromised. We messed up our internal controls... this shouldn't have happened and we are taking steps to ensure it doesn't ever again. We believe we have identified the culprit and we are currently working with the FBI, DOJ, and a network of international authorities.

Source

4️⃣ Alleged Owner of Darknet Narcotics Bazaar ‘Incognito Market’ Arrested in New York ❓

Federal prosecutors have reportedly arrested Rui-Siang Lin, a 23-year-old Taiwanese man they allege ran Incognito Market - one of the world's largest illegal online drug marketplaces, which they said facilitated more than $100 million in narcotics sales. Lin was arrested at New York’s John F. Kennedy Airport on Saturday and will be presented in front of a Southern District of New York (SDNY) magistrate judge today.

Prosecutors state Lin operated Incognito Market under the pseudonym “Pharoah” and oversaw all of its operations, including employees, vendors and customers, and had “ultimate decision-making authority over every aspect of the multimillion-dollar operation” from its formation in October 2020 to its shutdown in March this year. He faces one count of engaging in a continuing criminal enterprise, one count of narcotics conspiracy, one count of money laundering, and one count of conspiracy to sell adulterated and misbranded medication.

Source

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https://www.youtube.com/watch?v=wZljp0rKoTU

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🔔 MARKET MOVING NEWS! (20/05/24)

1️⃣ Crypto Exchange Kraken Has ‘No Plans’ To Delist USDT In Europe For Now 🔍

Mark Greenberg, Kraken’s global head of asset growth and management, recently made an X post confirming that the crypto exchange has “no plans” to delist Tether (USDT) in Europe for the time being. Notably, the statement follows a recent report claiming the firm was “actively reviewing” the decision to continue listing ‘USDT’ on its platform.

Greenberg’s post reads,

[Kraken] continues to list USDT in Europe and we have no plans to delist at this time. We know our European clients value access to USDT and we continue to look at all options to offer USDT under the upcoming regime. We will of course follow all legal requirements, even those we disagree with. But the rules are not finalized yet and we continue to do everything we can to continue to offer all relevant stablecoins to our European customers.

Source

2️⃣ Pump.Fun Exploiter Reportedly Arrested In London, Addresses Scandal In X Post 🤔

Jarrett Dunn (aka StaccOverflow on X), the former Pump.fun employee accused of being involved in the recent $1.9 million exploit of the Solana-based memecoin launchpad, has reportedly been arrested and released on bail in the United Kingdom.

Dunn, posting from a separate X account, claimed that he "spent overnight in custody” and that he was charged with “theft from employer” for $2 million and conspiracy to steal an additional $80 million. In an attempt to fight back at the charges, Dunn has been calling for U.K. citizens to file charges against a company he identified as Pump.fun's corporate entity.

Source

3️⃣ Ethereum Developer’s Paid Role at EigenLayer Sparks Debate On ‘Conflicted Incentives’ ‼️

Ethereum Foundation researcher Justin Drake recently disclosed that he had taken a paid adviser role at EigenFoundation. Drake disclosed that his paid adviser role at EigenFoundation “comes with a significant EIGEN token incentive” worth “millions of dollars.” He also noted that it was vested over three years and worth “more than the combined value of all [his] other assets.”

Notably, this announcement was met with criticism on social media, with one commentator suggesting it could create “conflicted incentives.” Just a day earlier, crypto trader and UpOnly co-host Jordan Fish (aka Cobie), asked Ethereum co-founder Vitalik Buterin his thoughts on Ethereum Foundation staff “taking life-changing [monetary] packages” from projects that “may have conflicted incentives with Ethereum” — giving EigenLayer as a theoretical example.

Source

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🚨 New Video Alert!! 🚨

As economies around the world start to deteriorate, everyone is wondering if a recession is around the corner. The short answer is that it seems to be. The real question is when and how bad.

As you can imagine, there are lots of recession indicators out there, and none of them are perfect. Still, by combining predictive indicators, current indicators, and lagging indicators, we can get a better view.

In today’s video, we do this for you, and explain exactly what a recession could mean for your job and your portfolio. This is one you’re going to want to watch until the end!

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