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🔔 MARKET MOVING NEWS! (29/08/24)
1️⃣ OpenSea Gets 'Wells Notice' From SEC, Which Calls NFTs Sold on Platform 'Securities' 🥶
NFT marketplace OpenSea has reportedly received a Wells notice from the U.S. Securities and Exchange Commission (SEC). A Wells notice suggests that the SEC intends to pursue an enforcement action against the company. OpenSea CEO Devin Finzer stated that the SEC believes NFTs on the platform are securities. He described the potential enforcement action as one that seeks to “stifle innovation” and puts hundreds of thousands of online artists and creatives at risk. He said OpenSea would fight the notice and pledged $5 million to help cover legal fees for any NFT creators and developers who may also get such a notice.
Source
2️⃣ Starknet Introduces Parallel Execution For Transactions In Latest Upgrade ⚡️
Starknet has introduced “parallel execution” capabilities to the network as part of its latest upgrade to version 0.13.2. This allows the network to execute multiple transactions simultaneously. The upgrade also included a “block packing” feature, which aims to optimise block space usage by densely packing transactions within each block. The upgrade is also intended to reduce confirmation times, lowering them from the current range of 10-80 seconds to about 2 seconds.
Eli Ben-Sasson, CEO of StarkWare stated,
L2s today are like minimarkets with a single checkout, as our sequencers can only handle one transaction at a time. We’re becoming the first ‘megastore L2’ – overhauling our sequencer so that numerous checkout lanes simultaneously handle countless transactions.
🚨 New Video Alert!! 🚨
There’s no denying that investing in crypto can be intense. One minute your portfolio is well in the green, and just as you’re deciding what colour Lambo you’ll choose, things take a turn for the worse and suddenly that Lambo goes racing off into the sunset.
This intensity isn’t for everyone. Thankfully, there is an alternative. You can still get exposure to crypto without holding the direct assets themselves. No, we’re not talking about ETFs. We are in fact talking about crypto stocks. You see, there are some stocks that will likely outperform the crypto bull market.
Today, we’ll tell you about 5 different crypto-related stocks, how they’re involved in crypto, and why we reckon they should be on your radar - even if you’re an avid crypto hodler.
🔥 Rally Report 🔥
DOGS
The price of DOGS has rallied by 19% in the past 24 hours.
WHY?!
📈 The rally appears to be fuelled by traders speculating on the price of DOGS as a proxy to developments surrounding TON and Telegram.
⚡️ Notably, block production on TON resumed after a six-hour outage earlier today.
If you want to buy or trade DOGS, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
It’s becoming clear that GameFi is going to be one of the top crypto narratives of the crypto bull market. And it’s evident that Notcoin has emerged as one of the top crypto games.
Contrary to popular belief, Notcoin is not just one game. It’s an ecosystem of crypto games on Toncoin which have seen tens of millions of users thanks to Toncoin’s integration with Telegram.
This could make NOT undervalued despite it already having a market cap of 1 billion. Our research suggests that it could basically become as big as SHIB did in the last cycle – a potential 20x.
It’s safe to say this is a video you can’t miss!
🔥 Rally Report 🔥
AKASH NETWORK
The price of AKT has rallied by 10% in the past 24 hours.
WHY?!
📈 The rally is likely due to speculation surrounding AI chipmaker Nvidia’s upcoming earnings call on Aug 28th.
⚡️ Notably, decentralised compute networks like Akash Network are a core part of the AI x Crypto narrative.
If you want to buy or trade AKT, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 Livestream Alert!! 🚨
It’s time for another weekly crypto review!
Today we cover:
- Rate Cuts Coming
- Crypto and Politics
- Telegram Founder Arrested
- Countries Going Crypto
- Bitcoin Dominance
- Top Gainers in Crypto
Join us LIVE!
🔥 Rally Report 🔥
ARTIFICIAL SUPERINTELLIGENCE ALLIANCE
The price of FET has rallied by 12% in the past 24 hours.
WHY?!
📈 Part of a larger rally seen among AI-themed altcoins.
⚡️ Notably, the rally comes in anticipation of positive news in AI chipmaker Nvidia’s upcoming earnings call on Aug 28th.
If you want to buy or trade FET, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
Ripple has been ordered by a US court to pay a $125 million penalty, and XRP fans are ecstatic. And no, it’s not because they hate money.
This penalty should mark the end of the nearly 4-year legal battle between the SEC and Ripple. It might sound crazy, but this result is an enormous win for Ripple, and a big moment for the US crypto industry.
But is the SEC ready to admit defeat? Or will the war on crypto rage on?
If you want to find out, this is a video you have to watch until the end!
🔔 MARKET MOVING NEWS! (24/08/24)
1️⃣ WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26 🔍
Indian crypto exchange WazirX has announced that it will re-enable rupee withdrawals on the platform. However, the rupee withdrawal services will be reintroduced in a phased manner with users getting access to withdraw 66% of their INR balances on the exchange over the next month. Specifically, the exchange said its customers could withdraw half the limit (33%) from Aug. 26 to Sept. 8 and the remainder (33%) from Sept. 9 to Sept. 22. The company stated that it had to continue keeping the remaining 34% of their INR balances frozen due to investigations by law enforcement agencies. The timeline for the release of those frozen balances is unclear.
Regarding cryptocurrency withdrawals, the exchange stated,
While we regret that users have not been able to make withdrawals of cryptocurrency from their account on the platform for some time, it is not possible to simply resume cryptocurrency withdrawals. Due to the cyberattack and loss of a significant balance of ERC-20 tokens as a result of the theft, there are insufficient token assets available to meet the liabilities arising from the token balances owing to users of the platform.
The CAT […] connects personally identifying information with wallet addresses that reveal blockchain-based user transactions. Thus, anyone with access to the CAT would be able to see not just a person’s securities transactions, […] but all of that person’s blockchain transactions in the past, present, and future.”
The Justice Department accused Bond of several counts of illegal handling and acceptance of campaign donations. She was also said to have filed ethics documents on behalf of the campaign that made bogus claims about the source of her money. Notably, the charges come less than a day after her partner Ryan Salame asked a U.S. judge to void his guilty plea in the criminal case after prosecutors allegedly reneged on their agreement not to investigate his fiancée for campaign finance violations.
Source
6️⃣ Feds Will Contact Victims of Million-Dollar Crypto Scam 'via NFT’ After Founder's Guilty Plea 🔍
The Federal Bureau of Investigation has announced that it will use NFTs to return $1.14 million in funds to victims involved in a crypto fraud scheme through a 2021 project called CluCoin. Specifically, the NFTs will be used to provide notices of the planned restitution to “identified victims.” Across all DOJ notices, this represents the first time that NFTs will be used to establish law enforcement communications with victims.
Source
🔥 Rally Report 🔥
AVALANCHE
The price of AVAX has rallied by 11% in the past 24 hours.
WHY?!
💰 Cryptocurrency asset manager Grayscale has announced the launch of the Grayscale Avalanche Trust - a single asset fund that offers eligible individual and institutional accredited investors exposure to AVAX, the native token of Avalanche's blockchain network.
☄️ Asset manager Franklin Templeton also announced that it is expanding its OnChain U.S. Government Money Market Fund (FOBXX) to the Avalanche network.
If you want to buy or trade AVAX, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
Unless you’ve been living under a rock, you’ll have noticed that the crypto landscape is evolving. The key driver for this has been the approval of spot ETFs for both Bitcoin and Ethereum. And thanks to the latter, we now have our first spot altcoin ETF on the market - one that could be the first of many.
This raises the question of which cryptos institutional investors are paying attention to and which altcoin could be next in line for a spot ETF of its own. As it happens, the answer could very well lie with Grayscale. That’s because Grayscale has investment trusts for a wide range of altcoins, which could be a signal of what comes next. They reveal the exact types of cryptos institutional investors are keeping an eye on.
So, come with us as we take a look at Grayscale’s different crypto offerings, and tell you what the future of the altcoin market could look like.
Enjoy!
🔔 MARKET MOVING NEWS! (22/08/24)
1️⃣ BlackRock's Ethereum ETF Hits $1 Billion in Net Gains, Nearly Tripling Fidelity 📈
On Tuesday, BlackRock's iShares Ethereum Trust (ETHA) crossed $1 billion in cumulative net inflows. Notably, ETHA is the first Ethereum ETF to reach this milestone. Fidelity’s Ethereum Fund is the current runner-up to ETHA, with $367 in cumulative net inflows. That’s followed by the Bitwise Ethereum ETF with $310 million net inflows and the Grayscale Ethereum Mini Trust with $227 million net inflows.
Source
2️⃣ Controversial Crypto Firm Prometheum to Treat Uniswap and Arbitrum's Tokens as Securities ‼️
Prometheum, the SEC-registered digital asset trading and custody firm, announced it plans to add two new "digital asset securities" to its ranks – Uniswap’s UNI and Arbitrum’s ARB tokens. It will provide custodial services for both assets and its existing ETH offering to corporate and institutional investors through its Prometheum Capital subsidy. While Prometheum representatives did not provide any clear reasoning for labelling these assets as securities, they stated they would delist tokens and comply as needed if regulators came out with a contradicting stance.
Source
3️⃣ Hackers Take Over McDonald’s Instagram, Make $700K on Fake Grimace Token ❌
Guillaume Huin, the Senior Marketing Director of McDonald's, reportedly suffered a security breach that resulted in the official social media account of the fast-food chain being compromised to promote a Solana-based memecoin called GRIMACE. Notably, the scam token is based on the fast-food chain’s purple mascot, Grimace.
Guillaume’s personal Twitter account was also compromised by the attackers. They used it to make a series of posts promising GRIMACE holders that their Instagram accounts would soon be followed by McDonald’s. This saw the token’s market capitalisation rise to about $20 million before drastically plummeting to below $1 million. The attackers had executed a ‘rug pull’ making off with “$700,000 in Solana.”
Source
4️⃣ Ryan Salame Seeks To Void Guilty Plea, Says Fed Didn’t Keep Promise 🤔
Ryan Salame, the former FTX executive who pleaded guilty to two felony charges in September 2023, is reportedly seeking to void his guilty plea in the criminal case involving campaign finance and money-transmitting crimes. Salame explained his decision by claiming prosecutors reneged on their agreement not to investigate his fiancée for campaign finance violations. Salame claims he pleaded guilty based on this assurance, but the government has since resumed investigating Bond. Salame’s lawyers also argued that the prosecutor’s tactics of using a third party as leverage to induce his plea was “improper” and “coercive.” They argue his plea should be invalidated on those grounds.
Source
5️⃣ Kamala Harris Supports Policies to Expand Crypto Industry: Bloomberg ☄️
According to a Bloomberg report, Vice President Kamala Harris’ senior campaign adviser Brian Nelson told the publication that Harris plans to support measures to help the digital asset industry grow. The statement was made during a Bloomberg News roundtable at the Democratic National Convention on Wednesday. He also added that the industry needed "stable rules" following the collapse of crypto firms in the past, suggesting a Harris administration will still be interested in putting in place safeguards.
Source
6️⃣ Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies: Study 🔍
According to a report by on-chain sleuth ZachXBT, a crypto whale lost $55.4 million worth of the DAI stablecoin after falling for a phishing attack that tricked the whale into signing a transaction that transferred the ownership of the user’s DSProxy to a new address controlled by the attacker. Notably, this allowed the attacker to mint 55,473,618 DAI from a Maker vault previously controlled by the user’s externally owned account.
Source
🔔 MARKET MOVING NEWS! (28/08/24)
1️⃣ MakerDAO Rebrands To Sky, DAI Stablecoin Optionally Upgradeable To USDS 🤔
DeFi lending protocol MakerDAO has announced its rebranding to "Sky" and has introduced a new stablecoin (USDS) and governance token (SKY) that will exist in parallel with its existing tokens DAI and MKR. Notably, users can choose to voluntarily exchange them for the new tokens at a ratio of 1:1 for DAI to USDS and 1:28,000 for MKR to SKY. The new tokens are expected to be issued on Sept. 18. The changes are part of the protocol's ongoing overhaul called "Endgame." One noticeable difference between its new USDS stablecoin and the older DAI stablecoin is that USDS contains a piece of code which allows the issuer to remotely freeze the asset.
Source
2️⃣ TON Resumes Block Production After Nearly Six Hour Outage ‼️
The TON blockchain has reportedly resumed block production after a nearly six-hour outage caused by a surge in network traffic. The outage has led to concerns about security risks and transaction delays. Some speculate the crash may have been caused by the popularity of the DOGS memecoin on the network, which led to a surge in transactions and overwhelmed the network's capacity.
Source
3️⃣ Bankrupt Crypto Lender Celsius Has Repaid $2.5 Billion to Creditors 💰
Bankrupt crypto lender Celsius has reportedly distributed over $2.53 billion to more than 251,000 creditors as part of its bankruptcy process. This amount represents approximately 84% of the $3 billion worth of assets owed to its over 375,000 creditors in over 165 different countries. The recent filing shows that most of the remaining 121,000 creditors who have yet to successfully claim their proportion of the distribution are owed smaller amounts. Specifically, approximately 64,000 creditors of these creditors were owed less than $100 and 41,000 of them are entitled to a distribution of between $100 and $1,000.
Source
4️⃣ Nasdaq Wants To Launch Bitcoin Index Options, Seeks SEC Approval 🔍
American stock exchange market Nasdaq has reportedly filed with the U.S. Securities and Exchange Commission (SEC), seeking permission to launch and trade options tied to the price of bitcoin. The proposed Nasdaq Bitcoin Index Options (XBTX) is in partnership with index provider CF Benchmarks and would track the CME CF Bitcoin Real-Time Index operated on the Chicago Mercantile Exchange exchange. Nasdaq stated that XBTX will help investors hedge investments in the asset class. If approved, these bitcoin options would become the first cryptocurrency derivatives cleared by the U.S. Options Clearing Corporation (OCC).
Source
5️⃣ Sony Is Launching The First Public Testnet For Its Optimism-Based Soneium Blockchain 🚀
Sony Block Solutions Labs (Sony’s blockchain division) has announced the launch of a developer incubation program and public testnet for its Soneium network. The Soneium Spark incubator will see Sony subsidiaries, including SonyMusic and SONY Pictures participating. It reportedly offers up to $100,000 in starting capital to applicants. Entities such as Circle, Optimism, Alchemy, The Graph, Chainlink, and Astar Network will be early experimenters of the network.
Source
6️⃣ Trump Releases Fourth Drop of His NFT Trading Cards 🖼
Former President Donald Trump has released the fourth batch of his digital trading card NFTs. In a promotional video shared on social media, Trump claims the new collection includes artwork depicting him “dancing and even holding some Bitcoins.” Collectors who spend $24,750 on the cards will reportedly get access to Trump sneakers, Trump cocktails and dinner at Trump National Golf Club in Jupiter, Florida, with Trump. The official website shows that there could be as many as 360,000 such cards minted, each selling for $99 on the Polygon network.
Source
🔔 MARKET MOVING NEWS! (27/08/24)
1️⃣ PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana 📈
Data from CoinMarketCap shows that payments giant PayPal's PYUSD stablecoin surpassed $1 billion in market capitalisation last week. Notably, this comes as user activity for PYUSD surged with monthly active wallet addresses topping 25,000 in July, up from 9,400 in May.
The surge in activity is likely due to the various partnerships made by PayPal to expand PYUSD’s accessibility. This includes partnerships with Crypto.com, Phantom and Paxos to on-ramp users onto the blockchain network. PayPal also worked with Anchorage Digital to launch a rewards program for clients who custody PayPal USD stablecoins with the crypto custodian.
Source
2️⃣ Crypto Firm Abra Settles SEC Charges, Agrees to Pay Unspecified Fine ▶️
Plutus Lending LLC, the company behind the crypto platform Abra, has reportedly agreed to a settlement with the U.S. Securities and Exchange Commission over accusations the platform conducted unregistered offers and sales of crypto asset securities and functioned as an unregistered investment company.
Specifically, the SEC lawsuit claimed the platform inappropriately pushed its ‘Earn’ product to customers when it qualified as a security that should have been registered. Abra has now agreed to settle this lawsuit by paying an unspecified fine to the regulator “without admitting or denying the SEC’s allegations.”
Source
3️⃣ French President Macron Says Arrest Of Telegram CEO Was ‘In No Way A Political Decision’ 🤔
In a recent post on X, French President Emmanuel Macron claimed the arrest of Telegram CEO Pavel Durov was “in no way a political decision” but rather part of an ongoing judicial investigation. He also stated that France was “deeply committed to freedom of expression and communication, to innovation, and the spirit of entrepreneurship.”
Macron’s statement comes after several people, including the likes of Edward Snowden and Balaji Srinivasan, came to the support of Durov and accused the country of violating the right to free speech. The Russian Embassy in France had also released a statement alleging the French authorities were refusing to engage in their attempts at accessing Durov.
Source
4️⃣ Detained Binance Exec’s Wife Begs for His Immediate Release 🔍
The family of Tigran Gambaryan, the Binance executive detained by the Nigerian government, have once again raised concerns about the executive’s deteriorating health in prison due to prolonged medical negligence. His wife released a new video statement on Monday pleading for his immediate release from prison.
His wife, Yuki Gambaryan, can be seen stating the following in the video,
His health is deteriorating to the point where he can no longer walk. Between bouts of malaria pneumonia and the unimaginable mental toll of his detention, he is now reaching the point of no return […] For six months, my life – my living nightmare – has been filed with pleas. Pleas to the Nigerian government. Pleas to the U.S. government. Pleas to the media. Pleas to anyone who will listen. I have been pleading for their mercy, for their understanding, for their humanity. Please help me bring my husband home.
🔔 MARKET MOVING NEWS! (26/08/24)
1️⃣ Stablecoin Market Cap Hits New All-Time High, Beating Early 2022 Record 📈
According to data from DefiLlama, the total stablecoin market capitalisation (excluding algorithmic stablecoins) hit a new all-time high of $168 billion over the weekend. The new all-time high beats its last peak of $167 billion in March 2022 and comes after 11 months of consecutive growth.
Explaining the rise in stablecoin market cap, BTCMarkets crypto analyst Rachael Lucas stated,
Traditionally, demand for stability in uncertain market conditions has driven investors towards stablecoins as a safe haven. Alternatively, the increase in the stablecoin market cap could reflect growing confidence in the crypto market, especially from institutional investors.
Telegram abides by EU laws, including the Digital Services Act — its moderation is within industry standards and constantly improving. Telegram's CEO Pavel Durov has nothing to hide and travels frequently in Europe. It is absurd to claim that a platform or its owner are responsible for abuse of that platform. Almost a billion users globally use Telegram as means of communication and as a source of vital information. We’re awaiting a prompt resolution of this situation. Telegram is with you all.
🔔 MARKET MOVING NEWS! (25/08/24)
1️⃣ Polygon Restores Control Of Discord Server Following $145,000 Hack ❓
The Polygon team reportedly regained control of its community Discord after it was hijacked for about four hours on Saturday morning. The attack saw one user losing $145,000 in assets after falling for a scam link posted by the hijackers. The phishing link was found in a message seemingly from the account of its community lead Smokey. The message advertising a "special pre-migration" airdrop ahead of the Polygon network's planned migration from its native MATIC token to the upgraded POL token scheduled for Sep. 4.
Polygon wrote,
We have regained access and secured the Polygon community discord server. All external bots and integrations have been disabled while we perform a security review of each of them to avoid this from happening again.
Following the recent news related to the Telegram’s founder Pavel Durov, we want to assure everyone that the TON community remains strong and fully operational. As a community committed to freedom of speech and decentralisation, we stand firmly by Pavel during this challenging time.
🔥 Rally Report 🔥
SATS
The price of 1000SATS has rallied by 26% in the past 24 hours.
WHY?!
📈 Part of a larger market rally. Notably, announcements from two people contributed to the rally.
🎙 The first is Federal Reserve Chair Jerome Powell, who hinted at potential interest rate cuts in September during his speech at the Kansas City symposium. The second is Robert F. Kennedy Jr., who stated he was “suspending” his presidential campaign and instead endorsing former President Donald Trump.
If you want to buy or trade 1000SATS, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
📣📣 MARKET MOVING NEWS! (23/08/24)
1️⃣ Donald Trump Endorses Crypto Project 'The DeFiant Ones' Spearheaded By Two Of His Sons 🎙
In a Truth Social post on Thursday, former U.S. President Donald Trump promoted a telegram channel link for ‘The DeFiant Ones’ – a DeFi-related crypto project spearheaded by two of his sons. The channel appears to have 26,000 subscribers and features the tagline, "Official Trump DeFi Channel."
Trump’s post reads,
For too long, the average American has been squeezed by the big banks and financial elites. It's time we take a stand—together. #BeDeFiant
First year is all about onboarding Web3 people, because technology-wise and the community-wise, it is a little bit early to onboard the general users. And then phase two, within two years, we're going to onboard Sony products, such as, Sony Bank, Sony Music, Sony Pictures and so on. So we would like to integrate Web3 and blockchain technology into Sony's product. And in three years, we would like to onboard not only Sony, but also all enterprises and all general dapps on the top of it. But this is a general timeline. We're going to try to onboard enterprises as many as possible from the first year.
According to a Wednesday report from corporate influence watchdog Public Citizen, nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies. Specifically, the report found that crypto companies like Ripple and Coinbase accounted for approximately $119 million out of a total of $248 million in corporate election spending. The vast majority of those donations have been contributions to Fairshake, a non-partisan super-political action committee focused on getting crypto-friendly candidates on both sides of the aisle elected. The Public Citizen’s report claims to be based on data provided by government transparency group OpenSecrets.
Source
🔥 Rally Report 🔥
FLOKI INU
The price of FLOKI has rallied by 14% in the past 24 hours.
WHY?!
🐈⬛ Simon’s Cat - a new cat-themed memecoin project on the BNB Chain, has announced that it has allocated 20% of the total $CAT supply to the Floki community. The tokens will be distributed to on-chain holders of FLOKI in proportion to their holdings. This seems to be the primary reason for the rally as users attempt to increase their FLOKI holdings.
⚡️ Notably, crypto exchange Binance has also announced its support for the airdrop. Binance will conduct the airdrop based on a snapshot to be taken on 29 Aug 2024 at 23:59:59 UTC.
If you want to buy or trade FLOKI, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
Recently, a popular trading strategy imploded, sparking a chain reaction that wiped out trillions of dollars from markets the world over.
And the worst part? The crash took bitcoin below 50k for the first time since February.
You have to wonder: how on earth does one trading strategy turn into a black swan event? What exactly went wrong? And how worried should we be about it happening again?
If you want to find out, you have to watch this video!
🔔 MARKET MOVING NEWS! (21/08/24)
1️⃣ Mt. Gox Sends $75 Million In Bitcoin To Bitstamp Crypto Exchange 💸
According to Arkham Intelligence data, defunct crypto exchange Mt. Gox has transferred about $75.36 million in BTC to a wallet address identified as belonging to crypto exchange Bitstamp. Notably, this is the latest in a series of transactions initiated by the exchange over the past 24 hours. Specifically, the Mt. Gox cold wallet which sent funds to Bitstamp had received the BTC last night from another Mt. Gox wallet, “1MUQE…5SXZZ.” The transaction had also sent 12,000 BTC ($709.44 million) to an unknown wallet. Some speculate this unknown wallet is a fresh cold storage address controlled by the Mt. Gox estate.
Source
2️⃣ Linea Receives First Contributor For Open-Source L2 Rollup ⚡️
Linea, a layer-2 solution backed by Consensys, has reportedly partnered with Ethereum-based decentralised messaging platform Status to introduce a new layer-2 rollup solution known as the Status Network. The Status Network will reportedly operate alongside Linea’s zkEVM chain.
Nicolas Liochon, the global lead at Linea, stated,
Status will be the first contributor to Linea’s open-source code [...] Developers at Status will engage directly with the Linea codebase, intending to operate an identical version of Linea in parallel, thereby strengthening the entire ecosystem […] For open source developers, having multiple entities contributing makes the onboarding much easier. Not only the code is open source, but the building itself is open source.