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🚨 New Video Alert!! 🚨
Did you buy altcoins in the previous cycle? Altcoins that are still underwater?
Well, that appears to be the case for many of the best performing altcoins from the previous cycle. In fact, there are only 8 coins that have broken through their previous all-time highs in relation to Bitcoin.
However, could we see a recovery for some of the last cycles hottest coins? LINK, ADA, XRP, ALGO? The list goes on.
That depends on several factors that include everything from broader macro conditions to the underlying state of the crypto market. There are also unique characteristics of these coins that you need to take account of.
In the video today, we break down exactly what these factors are and how likely they are to impact on your bags.
Don't miss it!
🔔 MARKET MOVING NEWS! (05/06/24)
1️⃣ FTX Might Settle Its $24 Billion IRS Tax Bill for $200 Million 🔍
FTX is reportedly looking to settle the Internal Revenue Service’s $24 billion claim for a fraction of the amount, clearing the way for the crypto exchange to pay out significant customer recoveries. Specifically, FTX has proposed that the IRS shall receive a $200 million claim in FTX’s bankruptcy and a $685 million lower priority claim, payable on a subordinated basis to customers and other creditors. The FTX Debtors argue that the IRS has wrongly included misappropriated funds from Sam Bankman-Fried and other tax liabilities in their calculations. The settlement will become effective after it is approved by a bankruptcy judge and its broader restructuring plan becomes effective.
Source
2️⃣ SEC To Close Regional Office After Judge Dismisses DEBT Box Case ▶️
The United States Securities and Exchange Commission (SEC) is reportedly closing its Salt Lake City office after seeing "significant attrition" among its staff. Notably, the announcement comes after a federal judge ordered the regulator to pay roughly $1.8 million in attorney and receivership fees for committing a "gross abuse of power" in seeking to freeze the assets of Utah-based crypto company DEBT Box on misleading grounds. Some of the Salt Lake City office’s staff were pushed out over the case. The regulator's Denver office is set to take over any enforcement jurisdiction.
Source
3️⃣ Japanese Crypto Exchange DMM Bitcoin Outlines Funding Plan To Cover Over $300 Million In Hack Losses 💸
Japanese crypto exchange DMM Bitcoin, which was recently hacked for $320 million worth of BTC, has outlined plans to cover losses from the theft last week. According to an English translation of a statement made in Japanese on the company’s website on Wednesday, DMM Bitcoin plans to raise 50 billion yen ($320 million) with financial support from its group company, the electronic commerce and Internet company DMM Group, to compensate users for their losses.
The crypto exchange said it had procured 5 billion yen ($32 million) through borrowing as of June 3. A further capital increase of 48 billion yen ($307.6 million) is scheduled for June 7, followed by subordinated borrowing of 2 billion yen ($12.8 million) on June 10, bringing the total funds to $352.4 million.
Source
4️⃣ Polygon Acquires Zero-Knowledge Cryptography Firm Toposware 🤔
Polygon Labs has reportedly acquired Toposware, a blockchain research firm that helped develop Polygon’s Type-1 prover – a core component of the company's zero-knowledge (ZK) product suite. Notably, this marks Polygon Labs’ third investment in ZK startups over the past three years and brings its cumulative investment in ZK technology to over $1 billion. After the acquisition, 11 engineers from Toposware will join the existing ZK development teams on Polygon.
Source
5️⃣ StarkWare Launches $1M Research Fund For ZK Bitcoin Scaling ⚡️
StarkWare, the Israeli-based company behind the popular Ethereum layer-2 network StarkNet and scalability engine StarkEx, has announced plans to bring mass use to Bitcoin using zero-knowledge (ZK) technology backed by a $1 million research fund. StarkWare’s announcement reportedly aims to further Satoshi Nakamoto’s vision by enabling everyday micropayments and creating a scalable solution to support global Bitcoin transactions.
StarkWare CEO Eli Ben-Sasson stated,
Bitcoin today is mighty, but still a fraction of what it can be. Crypto can clean up the digital world and finance. It can deliver integrity to money and rebalance power in our society, taking it away from Big Tech and restoring it to sovereign individuals [...] therefore, we need a vision that showcases this. No such vision is complete without scaling the chain that started this great project.
🔔 MARKET MOVING NEWS! (04/06/24)
1️⃣ Dapper Labs Reaches $4 Million Settlement in NBA Top Shot NFT Lawsuit 🤔
According to recent court filings, Dapper Labs has reached a tentative settlement agreement with customers who filed a class-action lawsuit arguing that NBA Top Shot NFTs constituted illegally offered securities. As part of the settlement, Dapper will pay out $4 million in exchange for the plaintiffs forfeiting any future right to claim that Top Shot NFTs are securities. According to Dapper Labs CEO Roham Gharegozlou, the money will go towards payments to the class members, attorneys’ fees and settlement administrator costs.
Source
2️⃣ MicroStrategy And Michael Saylor Settle Tax Case For $40M ▶️
According to a New York Times report, MicroStrategy and its founder Michael Saylor have agreed to a $40 million settlement with the District of Columbia to end a lawsuit accusing him of evading income tax.
Notably, the District of Columbia sued Saylor and his company in August 2022, alleging the executive paid no income taxes in the district during the more than 10 years he had lived there. Local officials assessed the agreement as the “biggest-ever income tax fraud recovery” in the district. It is also reportedly the first lawsuit under the district’s amended False Claims Act, which encourages whistleblowers to file tax evasion claims against residents allegedly hiding residence information.
Source
3️⃣ Coinbase Donates $25 Million To Crypto Super PAC Fairshake 💰
Crypto exchange Coinbase has reportedly donated an additional $25 million to the pro-crypto federal super political action committee Fairshake as it ramps up lobbying for pro-crypto candidates ahead of the November United States elections. Notably, this donation brings Fairshake’s total haul this cycle to $160 million, making it one of the largest PACs attempting to influence the outcome of November’s election. Coinbase’s donation comes just a week after Ripple and crypto venture firm a16z also donated similar sums to the PAC.
Source
4️⃣ E-Trade Considers Kicking Meme-Stock Leader Keith Gill Off Platform 🔍
According to a Wall Street Journal report, top retail stock trading platform E-Trade is considering removing GameStop (GME) meme stock trader Keith Gill (aka “Roaring Kitty”) off its platform over concerns of potential stock manipulation around his recent purchases of GameStop options. Specifically, the report states that E-trade and its owner Morgan Stanley, are concerned Gill can use his influence to pump GME for his benefit and are debating whether recent posts on X and Reddit could be considered manipulation. However, no decision has been made yet since the platform is worried that removing him could draw negative attention to it.
Source
5️⃣ Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany 🤝
Crypto broker Bitpanda has reportedly partnered with Deutsche Bank to process fiat deposits and withdrawals for its users in Germany. The partnership will allow Bitpanda to use an application programming interface (API)-based account solution, which enables the crypto trading platform to access German International Bank Account Numbers (IBANs).
Source
6️⃣ Block Earner Spared Penalty In Regulator’s Crypto Yield Suit ‼️
Australia’s federal court has reportedly spared fintech firm Block Earner from paying a fine despite the court finding it offered a crypto yield-bearing product without a financial services license. Notably, Justice Ian Jackman ruled that Block Earner doesn't need to pay a penalty since it acted honestly in seeking to engage with the government over regulation of crypto-related products and services. The judge also ordered the country's financial regulator ASIC to pay some of the legal dispute costs with Block Earner and chided it for publishing a "misleading media release." Specifically, ASIC had published a press release entitled "Court finds Block Earner crypto product needs financial services licence," which the judge held as "unfair and misleading" giving rise to “reputational damage.”
Source
🔔 MARKET MOVING NEWS! (03/06/24)
1️⃣ GameStop And Roaring Kitty-Themed Memecoins Surge As Keith Gill Apparently Returns To Reddit 📈
GameStop and Roaring Kitty-themed memecoins surged on Monday after Popular GameStop stock trader Keith Gill (aka Roaring Kitty) posted to Reddit that he’s holding $181.4 million worth of GME stock and call options. Notably, this post marks Gill’s return to Reddit for the first time in three years. Gill’s post featured a screenshot showing he purchased 5 million GME shares for $115.7 million and put $65.7 million into call options, betting that GME would be at least $20 a share on June 21.
Source
2️⃣ Matter Labs Pulls ZK Trademark Application After Backlash 🔍
Matter Labs, the corporate entity behind Ethereum layer 2 scaling protocol zkSync, has reportedly abandoned plans to register the term "ZK" as a trademark. Notably, the decision comes three days after several leading ZK researchers condemned the firm’s behaviour “in the strongest possible terms,” iterating that ZK technologies should instead remain a “public good” that is “accessible to all.”
Matter Labs stated,
Thank you to everyone who reached out following our post, offering ideas, support, and feedback. As a result of these conversations, we decided to drop all trademark applications for the term “ZK”. These discussions came down to one important fact: it would be impossible to agree on a group of people perceived as credibly neutral by nearly everyone. What could have worked for Ethereum would not necessarily work for the entire world. We're proud to be a part of a movement that cares so deeply about cypherpunk values. And we are incredibly grateful to the zksync community in particular for the thousands of messages of support we received, once again affirming that community is everything.
🔔 MARKET MOVING NEWS! (02/06/24)
1️⃣ El Salvador's Pro-Bitcoin President Nayib Bukele Sworn In For Second Term 💸
Nayib Bukele, El Salvador’s pro-Bitcoin President, has been sworn in for another five-year presidential term after a landslide victory in February. The inauguration ceremony took place at the National Palace in San Salvador on June 1.
Source
2️⃣ Ethena's 'Synthetic Dollar' USDe Crosses $3 Billion Supply Just Four Months After Launch 🪙
According to data from The Block, USDe, the synthetic dollar issued by Ethena Labs, has reached a supply of 3 billion tokens. Notably, the milestone comes just four months after its public launch in February. The Block reports that USDe’s supply has grown by $1 billion since April 5, when it last crossed the $2 billion threshold. It's now on track to challenge DAI as the largest algorithmic or decentralised stablecoin. In terms of overall stablecoin supply, USDe is in fourth place with a 3.3% share of the overall stablecoin market, far less than market leader Tether's dominant 57% position.
Source
3️⃣ Uniswap Foundation Postpones Vote On Incentives ‼️
The Uniswap Foundation has postponed the highly anticipated vote on UNI staking and delegation rewards due to a concern raised by a stakeholder. The vote would have moved the DEX closer to activating its “fee switch” and giving incentives to UNI holders who staked and delegated their tokens. However, Erin Koen, the lead official overseeing the Uniswap DAO governance forum, has stated the proposed upgrade requires rigorous vetting due to its sensitive and irreversible nature, emphasising the importance of thorough scrutiny before proceeding.
Source
4️⃣ MotoGP’s Gresini Racing Goes Crypto With New Fan Sponsorship Program 🏍
Gresini Racing has reportedly partnered with MotoGP Guru and Animoca Brands’ subsidiary SPORTPASS to launch a fan-powered motorsport sponsorship program. The initiative will allow MotoGP fans to purchase personal team sponsorship packages starting at 125 euros.
The sponsorship packages will grant fans VIP Paddock Experiences at the 2024 Grand Prix events, name placement on the bikes and team websites, and exclusive events. Fans who own a team sponsorship package can also join Zoom calls with team members and custom merchandise and get a chance to win a Ducati Panigale V4S used by Marc Marquez.
Source
ARK Invest will no longer be a partner with 21Shares for a proposed spot Ethereum fund. 21Shares has filed an updated application for its Ethereum spot ETF S-1, rebranding the fund from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. However, 21Shares and ARK will continue to work together on the ARK 21Shares Bitcoin ETF and other existing futures products.
Source
🔥 Rally Report 🔥
JASMYCOIN
The price of JASMY has rallied by 14% in the past 24 hours.
WHY?!
☄️ Yesterday, Reuters reported that Apple CEO Tim Cook has agreed at the request of Japanese Prime Minister Fumio Kishida to put Japan's "My Number" identification card functions onto iPhones.
🔍 The rally seems to come from confusion among holders who believe this means the project has partnered with Apple. Notably, this all comes from a 2023 press release by the Japanese company Cyber Trust. In the release, the company explains that it is creating an “iTrust Identity Confirmation Service” which will use Jasmy’s blockchain. However, this ‘iTrust Identity Confirmation Service’ and the ‘My Number initiative’ by the Japanese government are completely different initiatives.
If you want to buy or trade JASMY, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🔥 Rally Report 🔥
ARWEAVE
The price of AR has rallied by 16% in the past 24 hours.
WHY?!
‼️ AO Computer, a new network built on Arweave, has announced that it will launch its AO token on June 13. AO tokens will be fairly launched and can be minted by bridging to AO, holding AR, or building.
⚡️ The AO network is expected to create consistent demand for Arweave by serving as both a growth catalyst for Arweave and a new platform for app development.
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
🚨 New Video Alert!! 🚨
During the last bull market, SOL pulled a 50x despite having terrible tokenomics, and even worse optics. This time around, it seems that Sui has become the black sheep that could outrun its pale opponents.
That’s because Sui has come under fire multiple times for issues related to tokenomics, so much so that South Korean authorities are investigating the Sui Foundation for alleged market manipulation.
When you look beyond these hit pieces, however, you realise that Sui has some seriously cutting edge tech, and will soon be introducing bleeding edge hardware that could result in true mass adoption.
This is an altcoin review you cannot miss!
🔔 MARKET MOVING NEWS! (30/05/24)
1️⃣ Elon Musk Could Become Policy Adviser If Trump Wins Election: WSJ 🤔
According to a Wall Street Journal report, former U.S. President Donald Trump is considering appointing billionaire Elon Musk as a policy adviser if the Republican presidential candidate reclaims the White House in November. The two have reportedly discussed ways for Musk to have "formal input and influence" over economic and border security policies. Musk also reportedly discussed funding a "data-driven project to prevent voter fraud." The WSJ report noted that the two speak on the phone "several times a month."
Source
2️⃣ Gemini Earn Users Will Get Back $2.18 Billion Of Their Crypto In-Kind, Winklevoss-Owned Exchange Says 💸
In a recent statement. Gemini announced that its ‘Gemini Earn’ users will receive over $2 billion of their cryptocurrency back in-kind. Notably, this represents a 232% recovery and comes more than a year after withdrawals were halted in November 2022. Gemini Earn customers can expect to receive the rest of their “asset balance” within the next year.
Cameron Winklevoss, co-founder and president of Gemini, stated,
We are thrilled that we have been able to achieve this recovery for our customers. We recognize the hardship caused by this lengthy process and appreciate our customers’ continued support and patience throughout.
🔔 MARKET MOVING NEWS! (29/05/24)
1️⃣ BlackRock Bitcoin ETF Flipped GBTC in Less Than 100 Trading Days 💸
The iShares Bitcoin Trust (IBIT), BlackRock’s spot Bitcoin exchange-traded fund, is now the world’s largest Bitcoin exchange-traded fund, surpassing Grayscale's GBTC after a $102 million inflow on Tuesday. Notably, IBIT now holds nearly $20 billion worth of bitcoin as of Wednesday morning, while GBTC holds $19.7 billion after seeing $105 million in outflows on Tuesday. K33 Research senior analyst Vetle Lunde pointed out on Twitter that “IBIT needed only 96 days to close GBTC's huge lead."
Source
2️⃣ Binance Official’s Wife Demands Medical Care For Detained Husband ▶️
Yuki Gambaryan, the wife of detained Binance official Tigran Gambaryan, has claimed that her ailing husband is still being kept in Kuje prison despite a court ordering his transfer to a hospital for medical care. Notably, Gambaryan had collapsed in a Nigerian court on May 24. He is suspected to be suffering from severe throat infection and Malaria.
Mrs. Gambaryan called on the American government to help secure her husband’s release, stating,
Tigran does not deserve such inhumane treatment. He has done nothing wrong and is suffering simply because he accepted an invitation to a meeting in Abuja. This has gone too far. I am begging everyone who can help, including our own American government, to recognise that an innocent man’s life is at risk. Please, at least let him go to the hospital so he can recover. But more importantly, let him come home to us.
Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law. Salame’s involvement in two serious federal crimes undermined public trust in American elections and the integrity of the financial system. Today’s sentence underscores the substantial consequences for such offenses.
Bitcoin is now a major asset class with more than $1 trillion of market value. We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. We also believe its digital, architectural resilience makes it preferable to gold, which has a market value of approximately 10 times that of Bitcoin.
ENSv2 will introduce a hierarchical registry system to .eth name management. Nameholders will have access to a unique name registry, where they will be able to manage subdomains and configure resolvers.
U.S. lawmakers have reportedly sent a letter to President Joe Biden, urging him to bring Binance executive Tigran Gambaryan home from detention in Nigeria. The letter argued that the case be treated as a hostage situation since the executive’s "health and well-being are in danger" due to being refused adequate health care in prison amid a three-month detainment marked by “excessive and harsh treatment.”
The U.S. House members argue the charges levelled against Gambaryan are "baseless" and describe it as a "coercion tactic by the Nigerian government to extort his employer." They state Gambaryan should be considered a "U.S. Citizen wrongfully detained by a foreign government,” under the terms of the Robert Levinson Hostage Recovery and Hostage-Taking Accountability Act.
Source
🔥 Rally Report 🔥
FLOKI INU
The price of FLOKI has rallied by 25% in the past 24 hours.
WHY?!
💰 Market maker DWF Labs announced a ‘commitment’ to buy $12 million worth of FLOKI tokens from the open market and the Floki treasury to support the project’s growing ecosystem.
🔍 The announcement comes after DWF recently announced its intentions to double down on the memecoin ecosystem. Notably, the price of FLOKI has gone 10x since the project announced its first partnership with DWF Labs in May 2023.
If you want to buy or trade FLOKI, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🔥 Rally Report 🔥
DOG•GO•TO•THE•MOON
The price of DOG has rallied by 18% in the past 24 hours.
WHY?!
📈 Part of a larger rally seen among tokens belonging to the Runes protocol.
🔍 DOG’s rally also aligns with the broader rally seen among dog-themed memecoins. DOG has more than doubled in value over the past week. It is also the first Runes-based token to break into the top 100 coins by market cap.
🚨 New Video Alert!! 🚨
Time for another weekly crypto review. Last week’s biggest headline is one that went unnoticed, and that’s President Biden vetoing the pro-crypto resolution. We explain why it’s so significant.
Another significant headline that flew under the radar was the news of a healthcare company adding BTC as a reserve asset. This could mark the beginning of a new trend that would be bullish for BTC.
Most importantly, markets appear to be increasingly anxious heading into the Fed’s upcoming meeting scheduled for next week. Inflation is still sticky, and the Fed could try to wipe it out with a nasty surprise.
All this and more in today’s video!
P.S. Watch until the end for some magic 😉
🔥 Rally Report 🔥
FLOKI INU
The price of FLOKI has rallied by 14% in the past 24 hours.
WHY?!
🔍 Popular GameStop stock trader Keith Gill (aka Roaring Kitty) disclosed that he holds a notional value of over $180 million in GME shares and call options.
📈 This has resulted in more bullishness for memecoins, especially FLOKI.
If you want to buy or trade FLOKI, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
When the spot Bitcoin ETFs were approved at the start of the year, asset managers such as Blackrock were racing to get them on offer to their customers.
Not all of them, though. One of the largest asset managers in the world, Vanguard, refused to offer this product to their investors, and continues to refuse to this day. Tim Buckley, Vanguard’s “current” CEO, has repeatedly shared his view that Bitcoin does not belong in any long-term portfolio.
We say “current” in quotation marks, because Tim is now stepping down from the position, set to be replaced by Salim Ramji, an executive from none other than rival firm Blackrock. Given Blackrock’s relation to the spot Bitcoin ETFs, this has a lot of people speculating that Vanguard could change its stance on Bitcoin.
Today, we’ll take a close look to try and determine the likelihood of that happening, and what impacts this would have on Vanguard, as well as the wider crypto market.
Enjoy!!
🔥 Rally Report 🔥
NOTCOIN
The price of NOT has rallied by 54% in the past 24 hours.
WHY?!
📈 Notcoin dominates trading volumes and has reached the top 1-2 by volume on Binance, OKX, and Bybit today.
🕯 More than 50% of NOT’s trading volume over the past 24 hours comes from crypto exchange Binance. Specifically, the NOT/USDT pair saw more than $1B in trading volume and the NOT/TRY pair saw $139M in trading volume on Binance.
If you want to buy or trade NOT, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🔔 MARKET MOVING NEWS! (01/06/24)
1️⃣ Biden Vetoes Bill Overturning SAB 121, Says Standard 'Necessary' For Crypto Innovation ☄️
United States President Joe Biden has vetoed a bill that would have overruled the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121. The SAB 121 seeks to establish accounting standards for firms that custody crypto. Specifically, it directs financial institutions that custody crypto for customers to keep the assets on their own balance sheets. Critics of the guidance say it makes it too difficult for financial institutions to work with crypto companies.
In a letter addressed to the U.S. House of Representatives, President Biden stated,
My Administration will not support measures that jeopardise the well-being of consumers and investors. Appropriate guardrails that protect consumers and investors are necessary to harness the potential benefits and opportunities of crypto-asset innovation.
We are aware of the recent news regarding our executive movements. Bybit regularly updates its organisational structure to align with our strategic goals. Together with the team, we made a joint commitment to placing the right people in the right roles. We prioritised customer interests and conducted a thorough internal review to enhance the customer experience for the future. This improvement led to some leadership role changes, which we believe are essential. The affected team members are not leaving the company but moved to take up other internal roles.
🔔 MARKET MOVING NEWS! (31/05/24)
1️⃣ Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing 🤝
According to a recent court filing, Terraform Labs and co-founder Do Kwon have reached a "settlement in principle" with the SEC regarding a fraud case. Notably, the settlement comes after the SEC sought a $5.3 billion penalty. The parties must file documentation in support of the settlement in front of Judge Jed S. Rakoff by June 12. However, Thursday's settlement news marks some resolution to just one of Do Kwon’s myriad legal battles. Kwon is currently out on bail in Montenegro and faces criminal charges in both the U.S. and South Korea.
Source
2️⃣ New York Sets Customer Service Standards For Virtual Currency Entities ☄️
The New York State Department of Financial Services (DFS) has reportedly issued new guidance establishing customer service standards for DFS-regulated virtual currency entities (VCEs). Specifically, the new guidance requires cryptocurrency service providers to collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner. This includes requirements such as having “Human customer service representatives” being available during business hours and customers being able to connect to voicemail during off hours. It also mandates that FAQs should be accessible to viewers who do not hold an account with the company. Customers should also be informed immediately if they are interacting with artificial intelligence rather than a human.
Source
3️⃣ TRUMP Token Recovers From Nasty Dip After Donald Trump Guilty Verdict ▶️
TRUMP and other Donald Trump-linked memecoins experienced a fall in price yesterday after a jury found the former U.S. President guilty on 34 felony counts for falsifying business records. Specifically, the case, which will now move to sentencing, related to Trump concealing a hush money payment to adult entertainment star Stormy Daniels.
However, the price of these tokens has since recovered after Trump made a statement maintaining his innocence and called the outcome of the trial a “disgrace.” Notably, he claimed the ruling was manipulated by the Biden administration “in order to wound or hurt a political opponent.” He also stated that the real trial is going to be “on November 5 by the people.”
Source
4️⃣ Hong Kong Crypto Exchange Licence Applicants With Ties To Mainland China Withdraw From City 🔍
According to the website of Hong Kong’s Securities and Futures Commission (SFC), the local affiliates of major mainland China-linked crypto exchanges – including OKX, Gate.io, KuCoin, Binance and HTX (formerly Huobi) – have all withdrawn their applications for a virtual asset trading platform (VATP) licence in Hong Kong that were submitted over the past several months. The report cites “stringent regulatory requirements and an inability to serve mainland investors” as the reason for these global cryptocurrency exchanges exiting Hong Kong.
Source
5️⃣ A16z Crypto Donates Additional $25 Million To Pro-Crypto Super PAC Fairshake 💰
Web3-focused crypto venture firm a16z Crypto has reportedly donated an additional $25 million to the pro-crypto federal super political action committee (PAC) Fairshake. Notably, the new contribution brings the firm's total donation to Fairshake "and related entities" to $47 million.
Managing Partner Chris Dixon stated,
This contribution along with others from the industry will be used to further Fairshake’s mission of supporting candidates from both sides of the aisle to promote American entrepreneurs and recognize the need for clear rules of the road for digital assets. As an industry, we need to keep up the momentum and show that the U.S. can lead in creating the next wave of blockchain innovation.
In a Wednesday announcement, payments giant PayPal announced that it had deployed its PYUSD dollar-pegged stablecoin on Solana, stating that the move would bring "significant benefits for commerce use cases." PayPal noted that its PYUSD on Solana is minted using Solana's token extension feature, which means issuers can monitor & control who exactly is using the token. Another notable extension initialised for PYUSD is “confidential transfers,” which will allow merchants to “provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes.”
Source
🔥 Rally Report 🔥
NOTCOIN
The price of NOT has rallied by 33% in the past 24 hours.
WHY?!
📈 The rally is part of a larger rally following Notcoin’s recent rollout of its beta phase currently accessible to only gold and platinum tier stakers of NOT. However, today’s rally appears to be propped up by NOT achieving the psychological price level of 1 cent.
🕯 Notably, more than 50% of NOT’s trading volume over the past 24 hours comes from crypto exchange Binance. Specifically, the NOT/USDT pair saw more than $555M in trading volume and the NOT/TRY pair saw $57M in trading volume on Binance.
If you want to buy or trade NOT, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
ETH ETFs have now been approved! But, when are they going to start trading? And, when they do, what impact could they have on the price of ETH? Are they going to take us to the new All Time Highs? Or could they disappoint us to the downside?
That's all covered in the video today.
We will also be looking at what other Altcoins could potentially get their own ETFs. There are many factors that we need to be monitoring before altcoins like SOL, NEAR & ADA could get listed.
If these factors are met, how long could it take before we see these additional altcoins launching?
You don't want to miss this vid!
P.S. We have a little podcast preview hidden in the vid 🤫
🔥 Rally Report 🔥
CELESTIA
The price of TIA has rallied by 12% in the past 24 hours.
WHY?!
‼️ The rally comes after the launch of Forma - the first sovereign rollup with Celestia underneath.
🔍 Additionally, the rally seems to benefit from a recent surge in popularity of the modular blockchain narrative.
If you want to buy or trade TIA, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
Can you imagine spending your life putting money to one side for your retirement, only to never retire?
Well, for a lot of retirees, this is a reality. The rising costs of living and the economical effects of inflation have left many people returning to work simply to sustain themselves.
This raises the question of how much money you would need to be able to retire comfortably. Obviously, that amount will vary from person to person, but there are a few common factors we can take into account when trying to determine that magic number.
Today, we’ll be showing you just how much retirement costs, how you can plan for your future, and just how much you’ll need to enjoy your golden era.
Enjoy!!