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🚨 New Video Alert!! 🚨
Where is retail?
It’s the million sat question. If you can answer it, you’re well positioned to succeed in the bull market.
To answer, we need cold hard data about who is in the crypto market, who’s left it, who’s coming back, and when. Today’s your lucky day, because we’re unpacking a new report that addresses all of this and more.
If you want to make the most of this run, this is a video you can’t miss!
🔔 MARKET MOVING NEWS! (28/09/24)
1️⃣ Staking Protocol Bug Let Users Swap One Bitcoin for One Ethereum 🧐
Staking protocol Bedrock reportedly suffered a security exploit that allowed users to swap 1 Universal Bitcoin (a wrapped Bitcoin on the platform) for 1 Ethereum, despite the price difference between the two assets. This resulted in an estimated $2 million being drained from the protocol. The team behind the protocol has announced that the exploit has now been "handled," and they are working to recover the lost funds. They also stated that a reimbursement plan was being “finalised,” and that they plan to share proof-of-reserves “once it is available.” The vulnerability was reportedly the result of a contract upgrade that took place 36 hours before the attack. The upgrade mismatched the exchange rate between Ethereum and Bitcoin on the platform.
Source
2️⃣ DeFi Protocol Onyx Hit With A $3.2 Million Exploit, Marking Second Attack Within A Year ❌
Onyx, a fork of DeFi lending protocol Compound Finance, suffered a $3.2 million exploit on Thursday. This marks the protocol’s second exploit in the past year, following a $2.1 million attack last October.
According to security firm Fuzzland, the latest attack involved a malicious contract deployed to Onyx approximately five minutes before the attack occurred. It reportedly exploited known vulnerabilities in the Compound V2 code base alongside an additional vulnerability in the protocol’s NFT liquidation contract. The attacker used this to siphon various stablecoins from the protocol, including VUSD, DAI, and USDT. While most of the protocol’s losses were in VUSD, the attacker also holds 521 ETH worth about $1.36 million. They have yet to swap and move the stolen assets.
Source
3️⃣ Fantasy Sports Company Sorare Charged With Providing Unlicensed Gambling Facilities in U.K. ‼️
The United Kingdom’s Gambling Commission has reportedly charged fantasy sports company Sorare with providing unlicensed gambling facilities in the country. The charges follow an almost three-year inquiry by the regulator and mark the Gambling Commission's first action against a blockchain-based platform. Sorare needs to appear before the Birmingham Magistrates’ Court on Oct. 4.
Source
4️⃣ SEC Files ‘Settled Charges’ Against Mango Markets Operators 🔍
The U.S. Securities and Exchange Commission reportedly filed “settled charges” against the Mango DAO, Mango Labs LLC and Blockworks Foundation yesterday. The complaint alleges that the MNGO token was an unregistered security and that the latter entities offered unregistered broker services. As part of the settlement agreement, the entities have collectively agreed to pay the SEC $700,000 in civil penalties.
They also agreed to destroy their MNGO tokens and take steps to completely remove investment access to MNGO. This includes requesting the delisting of MNGO from trading platforms and refraining from soliciting any trading platform to allow the trading of MNGO. The SEC noted that the settlement, which is still subject to court approval, was reached without any party admitting or denying wrongdoing. The settlement comes just over a month after the Mango DAO held an open vote to decide whether it should adopt the settlement offer proposal.
Source
The U.S. Department of Justice (DOJ) has reportedly seized website domains linked to three crypto exchanges accused of facilitating more than $800 million in illicit transactions. It also charged two Russian nationals Sergey Ivanov and Timur Shakhmametov for their involvement in operating money laundering services that catered to cybercriminals using cryptocurrencies.
The DOJ stated these actions were part of a coordinated crackdown on Russian money laundering operations. It described the operation as a "coordinated international effort" involving authorities in the Netherlands, Latvia, Germany, U.K, Europol, and multiple U.S. agencies. The seized websites belong to Russia-linked payment and exchange platforms Cryptex.net, UAPS, PinPays, and PM2BTC.
Source
6️⃣ Binance Founder ‘CZ’ Leaves Prison On Friday: Fortune 🔍
According to a Fortune Crypto report, Binance founder Changpeng Zhao (CZ) may be released from prison later today. The report stated that CZ’s release date was moved up from Sunday, September 29, to Friday, September 27, since prison guidelines don’t allow the release of inmates on weekends. The report notes that, once released, CZ may likely travel to Dubai or Paris where his children live with their mother, He Ye.
Source
🔥 Rally Report 🔥
WORMHOLE
The price of W has rallied by 17% in the past 24 hours.
WHY?!
🎙 The rally is likely driven by a recent announcement made by the tokenisation platform Securitize. Notably, Securitize recently chose Wormhole to be its official interoperability provider to facilitate cross-chain transfers for all tokenised assets on its platform.
💵 Securitize announced a recent partnership with the synthetic dollar protocol Ethena that will see Ethena launch a new stablecoin, UStb. Specifically, Ethena will use Securitize to invest its reserves for UStb in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which is tokenized on Ethereum. This is also expected to be bullish for W.
If you want to buy or trade W, 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!! 🚨
If you’ve been keeping up with the latest in crypto news, you’ll have seen that Ethereum insiders have been selling. This includes the Ethereum Foundation, as well as co-founders such as Jeffrey Wilcke and Vitalik Buterin.
Naturally, this begs the question of whether this is part of the reason for ETH’s lacklustre performance. On the surface, there’s probably a good chance that this hasn’t exactly helped things, but if you dig a little deeper you’ll soon see that there are many more layers to the story.
Today, we’ll be taking a look at these sales, as well as other factors that are contributing to Ethereum’s relative disappointment. If you hold ETH in your portfolio, or are considering scooping some up, this is a video you’ll want to watch until the end.
🔔 MARKET MOVING NEWS! (26/09/24)
1️⃣ Curve Mulls Dropping TUSD As crvUSD Backing After SEC Charges 🤔
DeFi project Curve Finance is reportedly considering dropping TrueUSD (TUSD) from the list of tokens serving as collateral for its Curve Stablecoin (crvUSD). Cross-chain messaging protocol Wormhole, the entity behind this proposal on Curve’s governance forum, stated that it wanted to fully remove crvUSD’s exposure to TUSD due to “regulatory risk and solvency concerns.”
Specifically, this relates to recently settled charges brought by the United States Securities and Exchange Commission against TrueCoin, TUSD’s issuer. The SEC’s complaint alleged that 99% of the reserves backing TrueUSD were invested in a speculative fund, raising doubts about its stability. Wormhole’s proposal also suggested reducing the amount of crvUSD mintable with Paypal’s stablecoin, PYUSD from $15 million to $5 million.
Source
2️⃣ Kamala Harris Vows to Keep US ‘Dominant in Blockchain’ 🎙
During a speech at The Economic Club of Pittsburgh, U.S. Vice President Kamala Harris vowed that blockchain, AI, and other emerging technologies will be a key part of her administration if elected president in November. She also emphasised the need for the U.S. to “remain dominant” in blockchain and other emerging technologies, pledging to create a supportive environment for innovation while protecting consumers.
She stated,
We will invest in biomanufacturing and aerospace, remain dominant in AI and quantum computing, blockchain and other emerging technologies, [and] expand our lead in clean energy innovation and manufacturing, so the next generation of breakthroughs—from advanced batteries to geothermal to advanced nuclear—are not just invented, but built here in America by American workers.
Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency. Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly.
During a congressional hearing held yesterday, SEC Chair Gary Gensler faced intense scrutiny from both sides of the aisle over his handling of regulating the crypto industry. Lawmakers expressed concerns about the SEC's unclear regulatory framework for the crypto industry, while some defended the agency's role in protecting investors. At one point, Gensler even denied previous knowledge of the term “Operation Choke Point 2.0,” which refers to a popular theory that there is a coordinated government effort to prevent the American crypto industry from developing and taking root. Noted crypto advocate Rep. Tom Emmer (R-MN) was also seen stating that there could not have been “a more historically destructive or lawless Chairman of the SEC” other than Gensler.
Source
🔥 Rally Report 🔥
SEI
The price of SEI has rallied by 23% in the past 24 hours.
WHY?!
🕯 The rally seems to be led by speculative trading activity from South Korean Traders. The South Korean crypto exchange Upbit accounted for over 30% of SEI’s global trading volume in the past 24 hours.
🤔 The rally is likely a result of traders seeing SEI as a possible beta play to Sui and the larger ‘Sol Killer’ narrative.
If you want to buy or trade SEI, 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!! 🚨
Most cryptocurrencies trade mostly against USDT. This makes USDT extremely important. In turn, this makes the blockchains its on very important, and also very valuable.
It seems that everyone forgets that most of USDT’s circulating supply exists on Tron, and it seems that nobody has noticed that TRX has been going up only for over 4 years.
This begs the question of what the future holds for Tron, and whether TRX could continue growing exponentially into the future. Today, we give you all the answers.
This is a video you can’t miss!
🔥 Rally Report 🔥
ARWEAVE
The price of AR has rallied by 13% in the past 24 hours.
WHY?!
🎙 Arweave’s AO Computer announced a joint campaign with the NFT marketplace BazAR. The campaign invites users to hold wrapped AR (wAR) and deposit DAI in its pre-bridging contract.
🐘 Users who do so will be allowed to mint an NFT collection called the ‘Omega Dumdum’ with a limited supply of 5000 atomic assets. Investors speculate there may be additional benefits for Omega Dumdum holders when the AO mainnet goes live.
If you want to buy or trade AR, 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:
- Fed’s Fabulous Fifty
- BlackRock Bitcoin Options
- Solana on Fire
- Sui Soars Skywards
- Open Source Vulnerability
- Top Gainers in Crypto
Join us LIVE!
🔔 MARKET MOVING NEWS! (23/09/24)
1️⃣ Coinbase Chief Legal Officer Responds To cbBTC Service Terms Fears 💸
Yesterday, one concerned X user highlighted what they believed to be a troubling provision within the cbBTC user agreement. They wrote that the provision allows Coinbase not to reimburse customers the full amount of Bitcoin lost due to malicious activity or unforeseen events, including hacks or security exploits. They stated that it would instead give clients a "proportional share of whatever BTC is left." This post led to some FUD emerging on Crypto X.
Addressing the post, Coinbase’s chief legal officer Paul Grewal stated that the concerned X user has arrived at the wrong interpretation of the clause. He confirmed that Coinbase would fully reimburse clients in the event the exchange loses the underlying Bitcoin. He clarified that the clause only limits the exchange's liabilities from external losses – such as those arising from complex trades and leveraged positions with cbBTC as loan collateral.
Source
2️⃣ Samourai Wallet Forked Into 'Ashigaru' Open Source Project ⚡️
An anonymous group of developers have reportedly performed a hard fork of the Samourai Wallet code and released the first version of a mobile wallet called the "Ashigaru Open Source Project." The project's website states that Ashigaru "develops, releases, and maintains free and open-source software." In their mission statement, the developers state that they believe anyone should be able to engage in “peaceful, voluntary, and private commerce on the internet without tracking, surveillance, or censorship."
Source
3️⃣ Kamala Harris Vows to Aid AI, Crypto Sectors in Pitch to NYC Donors 🎙
According to a Bloomberg report, Vice President Kamala Harris has promised to promote the growth of the crypto and AI industry if she wins the presidency. She reportedly made the comment addressing the crypto industry during a recent Wall Street fundraiser in Manhattan. This marks the first time the Democratic nominee has addressed the industry publicly on the campaign trail.
Bloomberg quoted Harris as saying,
To build that opportunity economy, I will bring together labor, small business, founders and innovators, and major companies. We will partner together to invest in America's competitiveness, to invest in America's future. We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road.
🔔 MARKET MOVING NEWS! (29/09/24)
1️⃣ User Loses $32 Million spWETH In A Sophisticated Phishing Attack ❌
According to security firm CertiK, a crypto whale wallet ending in “e57” lost over $32 million worth of Spark Wrapped Ethereum tokens (spWETH) after signing a malicious transaction. While data from Arkham Intelligence revealed that the compromised wallet may belong to F2Pool founder Shixing Mao; this information has yet to be verified. The malicious transaction was reportedly powered by the Inferno Drainer scam-as-a-service, indicating that the wallet fell to a phishing service.
Source
2️⃣ BlackRock's Spot Ethereum ETF Surpasses $1 Billion In Value For The First Time 📈
According to data from SoSoValue, US-based spot Ethereum ETF logged their highest weekly inflows since early August on Friday. Notably, this comes after a streak of six straight weeks of negative outflows. Friday's inflows were led by Fidelity's FETH fund, followed by BlackRock's ETHA fund. While Fidelity saw the bigger one-day inflow, BlackRock's fund achieved a significant milestone after Friday's inflows. Specifically, BlackRock's spot Ethereum fund achieved a total net asset value of over $1 billion on Friday. It is the second such fund to achieve that value following Grayscale's Ethereum Mini Trust.
Source
3️⃣ Billionaire Bitcoiner Slams UK Tax System, Leaves For Swiss Bitcoin City 💸
The German-born billionaire investor Christian Angermayer has reportedly left the United Kingdom for Switzerland’s Bitcoin hub, Lugano. He cited the UK’s plans to raise taxes on offshore wealth as his reason for leaving the country. Angermayer reportedly avoided paying taxes on overseas income and earnings for up to 15 years while living in the UK due to being classified as a “non-dom.” However, the UK government changed this provision in March 2024 by limiting it to four years instead of the current 15. Prime Minister Keir Starmer’s Labour Party now wants to take this further by eliminating inheritance tax breaks on assets held in overseas trusts.
Source
4️⃣ FTX Payout Plan Last-Minute Changes Leave Creditors Feeling ‘Scammed Twice’ 🔍
According to recent court documents shared by self-proclaimed FTX creditor activist Sunil Kavuri, platform users are now expected to recover only 10-25% of their lost assets. The documents revealed that FTX will transfer 18% of forfeited funds from the US Department of Justice into a special “Preferred Shareholder Remission Fund.” This will go towards compensating FTX’s preferred shareholders — investors who held equity in the company before its collapse. Kavuri also pointed out that repayments will be calculated based on the asset prices at the time of FTX’s bankruptcy filing. Notably, BTC’s price was around $16,000 at the time, while its current value is $65,000.
Source
🚨 New Video Alert!! 🚨
If you’ve been involved in crypto for more than 5 minutes, you’ll know that Telegram is an absolute must. There are literally hundreds - if not thousands - of channels dedicated to giving you crypto alpha.
Some of these channels are better than others (to put it politely), which raises the question of which channels you should be following to have the best chance of making some serious gains. Let’s face it - separating those golden nuggets of information out of all the noise and BS can be easier said than done.
Thankfully, we’ve got you covered. Today’s video will take a look at 10 channels that members of the Coin Bureau team actively follow. You’ll get a wide variety of alpha from these, allowing you to stay ahead of the game when it comes to early crypto projects, airdrops, on-chain activity and so much more.
Enjoy!
PS: These are in no particular order, but we’ll let you figure out which channel made it 1st on our list!!
🔥 Rally Report 🔥
NERVOS NETWORK
The price of CKB has rallied by 10% in the past 24 hours.
WHY?!
🕯 The rally appears to be led by the speculative trading activity of traders on the South Korean crypto exchange Upbit. Almost 60% of CKB’s global trading volume today comes from Upbit - the exchange saw almost $150 million in trading volume over the past 24 hours.
☄️ Marketing firm Undefined Labs also announced a strategic partnership with the CKB Eco Fund yesterday. This may have sparked the initial leg of the CKB’s rally.
If you want to buy or trade CKB, 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! (27/09/24)
1️⃣ Tornado Cash’s Roman Storm To Stand Trial After Judge Denies Dismissal ❓
A U.S. federal judge has reportedly denied Tornado Cash co-founder Roman Storm’s motion to dismiss a case brought against him by the United States government. He will now face a criminal trial on money laundering charges. Specifically, prosecutors charged Storm with conspiring to operate an unlicensed money transmitter, facilitating money laundering and sanctions evasion in operating the coin-mixing service. The judge made her ruling, stating that she “cannot simply accept Mr. Storm’s narrative that he is being prosecuted merely for writing code.” While she accepted that Tornado Cash was different from other financial services or money-transmitting firms, she noted that the platform “was not an altruistic venture.” She highlighted the Justice Department’s accusation that Tornado Cash received nearly $1 million in funding from a venture capital firm with the expectation it would get a cut of the profits.
Source
2️⃣ Swan Bitcoin Claims Former Employees, Tether Conspired to Steal Its Mining Business 💸
In a lawsuit filed Wednesday, Bitcoin financial services firm Swan alleged that ex-employees of the company, including former executives, conspired with stablecoin giant Tether to execute a “rain and hellfire” plan to usurp the firm’s Bitcoin mining business.
Specifically, the lawsuit alleges that the former employees stole “highly proprietary code” from Swan’s Bitcoin mining monitoring software. It then alleges the employees conspired to resign en masse and create a competing company called Proton Management. Proton’s employees are alleged to have subsequently stolen Swan’s vendors and convinced one of its funding partners, stablecoin issuer Tether, to abandon Swan and work with them instead. The lawsuit claims this “irreparably harmed Swan’s ability to compete in the market.” It also claims that Proton’s scheme, in part, depended on Tether delivering Swan with a "default notice" that would provide the "legal cover" for the hostile takeover.
Source
3️⃣ Ethena Plans To Launch New Stablecoin Backed By Blackrock's Tokenized BUIDL Fund 💵
Synthetic dollar protocol Ethena is reportedly set to launch a new stablecoin, UStb, in collaboration with the real-world asset tokenisation platform Securitize. According to the announcement, UStb will function similarly to traditional stablecoins and its reserves will be made up of shares in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) which invests in U.S. dollars, short-term U.S. Treasury bills and repurchase agreements. The team behind Ethena stated that UStb will help USDe manage risk during tough markets by allowing Ethena's governance to reallocate backing assets to UStb when needed.
Source
4️⃣ Crypto Hackers Nabbed $409M in Q3: Immunefi ‼️
According to a recent Immunefi report, hackers stole $409 million worth of cryptocurrency and an additional $3 million was lost to fraud in Q3 2024. This figure is 40% less than the one recorded in Q3 2023. A significant portion of the funds lost this quarter came from crypto exchange hacks, with India's WazirX losing $235 million and Singapore's BingX $52 million. The report said 32 other hacks accounted for 32% of total losses.
Mitchell Amador, the founder and CEO of ImmuneFi stated,
We're seeing a higher number of incidents targeting DeFi, while CeFi experiences fewer incidents but often with more severe consequences, with hundreds of millions in stolen funds in a single exploit. In CeFi, the biggest infrastructural issue is private key management, which is essential to maintaining the self-custody of crypto assets but is not typically subject to security audits. It requires rigorous key management policies, practices, and emergency plans.
6️⃣ WazirX Granted Four-Month Moratorium To Restructure Its Liabilities After $230 Million Hack ▶️
The High Court of Singapore has reportedly granted a four-month moratorium to Zettai Pte Ltd, the Singapore holding company behind the Indian crypto exchange WazirX. This will allow the company more time to restructure its liabilities following WazirX’s $230 million exploit in July. The application was filed on Aug. 27 by Zettai Director Nischal Shetty. However, the time approved by the court falls short of the six-month moratorium originally requested. The moratorium was approved under the conditions that WazirX would make its wallet addresses public, respond to user queries raised in the courtroom, release its financial information and ensure future voting for court applications is scrutinised by independent parties.
Source
🔥 Rally Report 🔥
WORLDCOIN
The price of WLD has rallied by 16% in the past 24 hours.
WHY?!
👁 Worldcoin announced the launch of World ID orb verifications in three new countries this week: Guatemala, Malaysia and Poland.
❓ The rally is also likely influenced by the recent news surrounding its sister firm OpenAI. Specifically, OpenAI announced that it is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board. It also announced that CEO Sam Altman will gain a yet-to-be-determined equity stake in the for-profit company.
If you want to buy or trade WLD, 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!! 🚨
The Fed has cut interest rates for the first time in 4 years, and it’s started off big with 0.5 percent. This begs the question of what it means for the economy and the markets. Today’s video has the answers.
In the short term, the Fed’s rate cuts are likely to juice the markets. It’s going to take time for the so called ‘lag effect’ to affect the economy, which seems to be a lot stronger than it appears.
However, it seems that everyone forgot about the most important factor of all – the Fed’s decision around its balance sheet. This could set the stage for a 2008 style financial crisis in the next year.
Watch until the end to find out why…
P.S. We hope you will enjoy our new deals skit!
🔔 MARKET MOVING NEWS! (25/09/24)
1️⃣ TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing 🤝
TrustToken and TrueCoin (now rebranded as Archbock) have reportedly agreed to settle charges announced by the U.S. Securities and Exchange Commission (SEC) yesterday. Specifically, the SEC accused them of defrauding investors by knowingly misrepresenting the backing of the TrueUSD (TUSD) stablecoin. The SEC also accused them of offering securities tied to it without properly registering with the regulator. TrustToken and TrueCoin have agreed to settle the charges by paying $163,000 each, with TrueCoin paying an additional $340,000 in disgorgement.
Source
2️⃣ USDC Issuer Circle Unveils New Compliance Tool For Programmable Wallets ⚡️
Stablecoin issuer Circle has announced the launch of ‘Compliance Engine’ - a new compliance-focused tool for programmable wallets that will help “companies build on-chain while meeting rigorous demands for compliance.” The new tool reportedly provides ways to program customisable and automatically enforced regulatory checks into different decentralised applications.
This includes a transaction screening tool “to detect risky and suspect” transfers, a monitoring tool “to help identify potential high-risk behaviours” and a “Travel Rule” service designed to meet the Financial Action Task Force’s surveillance and data validation requirements for virtual asset service providers. The new tool will support any blockchain connected to Circle’s existing Programmable Wallets tool, such as Avalanche, Ethereum, Polygon PoS and Solana.
Source
3️⃣ Kraken Acquires Dutch Broker BCM As Part Of European Expansion ☄️
Crypto exchange Kraken has announced the closing of the Coin Meester (BCM) acquisition, one of the Netherlands’ oldest registered crypto broker firms. This is a strategic acquisition intended to support its expansion across Europe. It provides Kraken with a registered virtual asset service provider (VASP) license in France and Poland, expanding its Dutch footprint and business.
Source
4️⃣ Another Satoshi-Era Bitcoin Whale Is Moving Coins After 15 Years 💸
According to data from the on-chain intelligence tool Arkham, an unidentified Bitcoin whale who mined some of the network’s earliest blocks in 2009 has transferred a portion of its holdings to crypto exchange Kraken after a decade of dormancy. Analysts at Arkham Intelligence noted that the wallet, which now holds $77 million worth of BTC, has already moved 10 BTC ($630,000) to the cryptocurrency exchange across three separate transactions.
Source
5️⃣ Former Alameda CEO Caroline Ellison Sentenced to 24 Months in Prison for FTX Fraud 🔒
According to a Bloomberg live report, Caroline Ellison, the former co-CEO of Alameda Research, was sentenced yesterday to 24 months in prison for her involvement in the FTX collapse. Ellison will also have to forfeit about $11 billion and can serve her sentence at a "minimum-security facility."
Explaining the relatively light sentence, Judge Lewis Kaplan of the U.S. District Court of the Southern District of New York cited Ellison's strong cooperation as a witness against former FTX founder Sam Bankman-Fried last fall and noted the difference in accountability between Ellison and Bankman-Fried.
Source
6️⃣ SEC Chair Gensler Denies Knowledge of Anti-Crypto Operation Choke Point 2.0 🔍
🔔 MARKET MOVING NEWS! (24/09/24)
1️⃣ Ethereum ETFs Record Biggest Outflows Since July in Sign of Low Institutional Appeal 🔽
Ether ETFs reportedly recorded their largest net outflows since July, on Monday. Specifically, data from SoSoValue shows net outflows of $79.21 million on Monday, most of which came from the Grayscale Ethereum Trust (ETHE) which saw $80.55 million flow out of the fund. It was also the only spot ether ETF to record outflows yesterday. Bitwise’s ETHW reported net inflows of $1.34 million, while other products showed no inflow or outflow activity. The outflows may be a sign of waning institutional demand for Ether as it comes despite a broader crypto market rally fuelled by last week's Federal Reserve interest-rate cuts.
Source
2️⃣ Telegram Will Share User Data With Authorities in Crime Crackdown After CEO Arrest ‼️
In a recent social media post, CEO Pavel Durov announced that the messaging app Telegram has made significant changes to its terms of service. Specifically, the app’s privacy conditions now state that Telegram will share a user’s IP address and phone number with judicial authorities in cases where criminal conduct is being investigated. The policy changes come after Durov’s arrest by French authorities last month.
Notably, the arrest was made on the grounds that Durov failed to cooperate with authorities over illicit activities allegedly taking place on the platform. Durov now states that the Telegram team will use artificial intelligence to make Telegram search "much safer" by blocking "problematic content" from showing up via the app's search bar.
Source
3️⃣ Celestia Foundation Raises $100 Million In A Round Led By Bain Capital Crypto 💰
The Celestia Foundation, the team behind the modular blockchain network, has reportedly raised $100 million in a fundraising round led by Bain Capital Crypto. The fresh round of capital brings the total funding for the foundation to $155 million. The round also saw participation from other investors such as Syncracy Capital, 1kx, Robot Ventures, and Placeholder Ventures. While the team did not elaborate on what the new capital would be used for, they highlighted that core developers are focused on its new roadmap which was unveiled earlier this month.
Source
4️⃣ Polymarket Discusses Fresh Funding Amid Election Betting Craze 🔍
According to a report by The Information, the crypto-based prediction market platform Polymarket is considering raising $50 million in fresh funding. The report also claims that the platform is planning to issue its own token. Investors in the proposed round would reportedly receive warrants entitling them to buy the tokens should Polymarket go ahead with the issuance plan.
The report states,
Investors in the round will receive token warrants, which grant them the right to purchase tokens if Polymarket launches them at a later date. The prediction site could use the tokens as a way for users to validate the outcome of real-world events, one of the people said. Polymarket has not made a decision regarding tokens and there’s no guarantee of a launch.
https://www.youtube.com/live/KM5Nl5bQecM?si=VEjT_-n4MBRWS-LM
Читать полностью…
According to a report by the Australian Financial Review, the Australian Securities and Investments Commission (ASIC) is planning to require all crypto firms to be licensed under the country’s ‘Corporations Act.’ ASIC Commissioner Alan Kirkland reportedly told the publication that the regulator plans to issue an update to “Information Paper 225” by November. The update will clarify how certain crypto tokens or products should be treated. Kirkland said that ASIC considers that most major crypto assets should fall under the scope of the Corporations Act.
Source
🔥 Rally Report 🔥
BITTENSOR
The price of TAO has rallied by 19% in the past 24 hours.
WHY?!
🕯 Part of a larger rally seen among artificial intelligence cryptocurrencies.
☄️ The rally comes after Vice President Kamala Harris made a promise to promote the growth of the crypto and AI industry during a recent Wall Street fundraiser in Manhattan. TAO’s rally in particular is also boosted by bull posting from Digital Currency Group founder Barry Silbert.
If you want to buy or trade TAO, 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!! 🚨
Free speech is under attack. This has been the case for decades. The difference this time around is that the attacks are coming from Western countries that have historically held it up as the highest virtue.
What’s the reason for this 180? In short, because people in Western countries are starting to notice that their elites are enriching themselves at the public’s expense, and they’ve started speaking out.
The scariest part is that elites in Eastern countries have noticed this dissatisfaction, and have been using it to their advantage to sow division and prop up elites in the West that have Eastern interests.
This is a video you need to watch until the end.