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Coin Bureau Insider

🚨 New Video Alert!! 🚨

What proportion of crypto scams are perpetrated by the US government?

I’ll give you a clue: it’s not zero.

This is just one of the perplexing things that we learned from Operation Token Mirror, the FBI’s recently-disclosed foray into the shitcoin market.

Tune in to find out what the feds are doing in the trenches, who they’ve busted, and what this strange episode means for crypto.

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (31/10/24)

1️⃣ Canary Capital Files For Spot Solana ETF With SEC 🕯

Crypto asset manager Canary Capital has reportedly filed to launch a spot Solana exchange-traded fund (ETF) with the United States securities regulator. Notably, the firm follows the lead of VanEck and 21Shares who filed similar applications in previous months. According to the S-1 registration statement filed by Canary, the spot Solana ETF would track SOL’s price through the Chicago Mercantile Exchange CF Solana index. Canary did not disclose who the custodian of the spot SOL ETF would be, nor did it state what ticker the fund would be listed under.

Source

2️⃣ Coinbase Announces $1 Billion Share Buyback As It Reports Q3 Earnings 🎙

Coinbase Global Inc (COIN) shares dropped 5.2% in after-hours trading as its third-quarter earnings and revenue came in under Wall Street estimates. The crypto exchange blamed “softer market conditions” for underperforming expectations. However, it emphasised the strength of its balance sheet as the company ended the third quarter with $8.2 billion in USD resources, an increase of $417 million from the previous quarter. It also announced that its board of directors have authorised a $1 billion share repurchase program.

The announcement stated,

In October 2024, our board of directors authorised and approved a share repurchase program, which provides for the repurchase of up to $1 billion of our outstanding Class A common stock without expiration. The timing and amount of any repurchases will depend on market conditions.


Source

3️⃣ FTX Exec Nishad Singh Avoids Prison Time ‼️

A federal judge reportedly sentenced Nishad Singh, the former director of engineering at FTX, to time served and three years of supervised release on Wednesday. Singh was also ordered to pay $11 billion in restitution.

This means he won’t be going to prison like his former colleagues. Singh is the fourth FTX executive to be sentenced for his role in the fraud. He pleaded guilty to six criminal counts including wire fraud and conspiracy in February. The judge cited Singh's extensive cooperation with prosecutors, during which he incriminated himself repeatedly and informed the government of crimes they did not yet know about, as one of the main reasons for the lenient sentencing.

Source

4️⃣ Kraken Restructures With New Co-CEO, Layoffs Reported

Crypto exchange Kraken has reportedly appointed board member Arjun Sethi as co-CEO to accelerate growth alongside current CEO David Ripley. There are also reports that 15% of the firm’s workforce has been laid off. Kraken also announced fundamental changes to its “organisational structure.”

It stated,

As we’ve grown north of $1 billion in net revenue as a remote organisation worldwide, we fell into the trap of building organisational layers. We put managers in charge of the successes or failures of the groups they controlled, and we predicated success based on siloed P&Ls […] So, “managers” are incentivized to do the wrong thing. We are making organisational discipline decisions to tackle this problem and eliminate layers. We need to make sure our top contributors are focused on building rather than managing.


Source

5️⃣ Michael Saylor's MicroStrategy Plans to Raise $42B to Buy More Bitcoin Over Next 3 Years 💰

Business intelligence firm MicroStrategy has announced an audacious plan to raise $42 billion of capital over the next three years to purchase more BTC. The plan dubbed the “21/21 plan,” calls for $21 billion of equity raises and $21 billion of debt offerings over the next three years.

Phong Le, MicroStrategy’s president and CEO, stated the move would bolster the firm’s returns from holding BTC. MicroStrategy’s current BTC year-to-date yield is reportedly 17.8%. Le stated that the firm plans to achieve an annual BTC yield of 6% to 10% between 2025 and 2027. Notably, this is higher than its previous target of 4%-8%.

Source

6️⃣ Election Betting Site Polymarket Is Rife With Fake ‘Wash’ Trading: Fortune 🔍

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Coin Bureau Insider

🚨New Video Alert!!🚨

Dollar Cost Averaging, or DCA, is one of the most simplistic methods of investing into crypto. As it so happens, it can also be one of the most rewarding - and we’re not just talking about portfolio gains.

Perhaps the biggest reward you can get from a DCA strategy is the fact you can simply set it, and forget it. This is why investors have been Dollar Cost Averaging for generations. It’s also why Kraken, one of the OG crypto exchanges, sent a survey out to crypto investors utilising a DCA strategy.

Today, we’ll tell you everything you need to know about DCA, break down Kraken’s report, and even show you exactly how Dollar Cost Averaging could be an incredibly successful approach for your own portfolio. Make no mistake - this is a video you literally cannot afford to miss!!

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Coin Bureau Insider

https://youtu.be/EpEYOFgC8gg?si=B-0uX6V5U0KzlLZF

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (29/10/24)

1️⃣ Bitcoin Surges Above $71K as Wild Crypto Market Pump Sees $175M in Shorts Liquidated 🔼

The price of BTC surged above $71,000 in the Asian morning hours Tuesday, following two strong weeks of inflows into the United States spot Bitcoin ETFs. The breakout from the key $70,000 resistance comes with $48 billion in trading volumes, or nearly double the volumes from Monday. It also comes nearly a week before the U.S. presidential elections. Data from CoinGlass shows that the move resulted in over $143 million in short liquidations in the past 12 hours. Specifically, BTC shorts lost $73 million, while ETH shorts lost $39 million. This may have further boosted the rally as traders closed losing bets.

Source

2️⃣ Hacker Exploits Truth Terminal Founder’s X Account, Nets $600K By Promoting A Scam Token 🔓

Andy Ayrey, the creator of the Truth Terminal AI bot, reportedly had his X account hacked due to a SIM swap attack earlier today. The attacker attempted to dupe his followers by posting a contract address for a token with the ticker IB. The token’s deployer account acquired 12.5% of its supply which the hacker dumped as its market cap surged over $25 million. According to DEXScreener data, the hacker profited by over $600,000. The hacker’s dumping of the token also caused the prices to plunge nearly 98%, bringing the market cap down to $500,000. Interestingly, IB’s price has since rebounded due to a “community takeover.” However, Ayrey’s X account appears to remain compromised since it continues to post suspicious messages.

Source

3️⃣ Robinhood Launches US Presidential Election Prediction Market 🕯

Trading platform Robinhood has reportedly become the latest firm to offer prediction market contracts on the outcome of the upcoming U.S. presidential election. Specifically, Robinhood Derivatives will offer two contracts which allow traders to speculate on whether Donald Trump or Kamala Harris will win the election. This launch comes on the heels of an early October federal court ruling in favour of the Kalshi prediction market. For its initial rollout, Robinhood will make election contracts available to a limited number of users who must be U.S. citizens with an active Robinhood individual investing account. Additionally, these users must be qualified for either margin investing or Level 2/3 options trading on its platform. The contracts will reportedly be paid after the election results are certified by Congress on Jan. 6, 2025.

Source

4️⃣ Alchemy Pay Reveals Plans To Launch Layer-1 Blockchain ⚡️

Crypto payment provider Alchemy Pay is reportedly launching a layer-1 blockchain called Alchemy Chain to support the “growing needs” of its business operations. According to the announcement, the new layer-1 blockchain will be built using the Solana Virtual Machine (SVM) architecture and will enable interactions between offchain storage and blockchain-based transactions. The company also plans to integrate layer-2 solutions for account mapping and data synchronisation. It will feature a native utility token with the ticker ‘ACH’ that can be used to pay gas fees on the network. However, the company also added that users will have the option to pay gas fees using fiat.

Source

5️⃣ Rollup Development Platform Gelato Raises $11 Million In Latest Funding Round 💰

Rollup-as-a-Service (RaaS) platform Gelato has reportedly raised $11 million in a Series A+ funding round led by Hack VC. The round also saw participation from other investors such as Animoca Brands, IOSG Ventures and Bloccelerate VC. The Series A+ round was structured as a series of OTC deals with investors, with average valuations above that of its Series A.

Gelato has stated that it plans to use the fresh capital to expand its team and service to support more enterprise-grade rollups. It reportedly aims to become the “go-to platform” for startups to launch their own blockchains. This includes Kraken’s newly unveiled Ink Layer 2 blockchain, which is set to launch on the mainnet in early 2025.

Source

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Coin Bureau Insider

https://www.youtube.com/live/EOpRq2zC6c0?feature=shared

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (28/10/24)

1️⃣ FTX Settles Lawsuit Against Bybit Exchange For $228 Million 🤝

The FTX bankruptcy estate has reportedly agreed to a $228 million settlement to drop its lawsuit against Bybit, its executives, and investment arm Mirana. Specifically, the settlement agreement will allow FTX to withdraw $175 million in digital assets held on Bybit and sell approximately $53 million in BIT tokens to Mirana Corp. This settlement will help FTX repay its creditors in the coming months.

Source

2️⃣ Base One-Day Stablecoin Transfer Volume Outranks All Other Chains For First Time 🔼

Base, Coinbase's Ethereum Layer 2 blockchain, reportedly achieved the highest one-day stablecoin transfer volume on October 26. It also surpassed Ethereum, Solana, and Tron for the first time. According to data from analytics firm Artemis, Base accounted for 30% of the total stablecoin transfer volume, while Solana and Ethereum followed with 25% and 20%, respectively. Circle's USDC reportedly made up over 62% of the transfers.

Base's Head of DeFi stated,

Stablecoins provide a great opportunity to increase economic freedom. [Base] enables builders to create great products using stablecoins, and those products are rapidly gaining traction.


Source

3️⃣ Hong Kong Mulls Tax Incentives for Sophisticated Crypto Investors 🔍

Hong Kong is reportedly planning to introduce a policy that extends tax concessions for privately offered funds and family offices to cover cryptocurrency investments by the end of this year. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, stated that the Special Administrative Region of China wants to ensure it has the “right conducive environment for blockchain, in particular their financial applications.” Hong Kong already provides tax incentives for certain privately offered funds and family investment vehicles, including a profits tax exemption at a standard rate of 16.5%, while carried interest for private equity managers is taxed at 0%. The forthcoming policy aims to support the development and investment of crypto into regulated products.

Source

4️⃣ Hong Kong Stock Exchange to Introduce Price Indices for Bitcoin and Ether Next Month ☄️

The Hong Kong Exchanges and Clearing Ltd. (HKEX) has announced the upcoming launch of the “HKEX Virtual Asset Index Series” - its crypto price indexes that will offer a “reliable benchmark for a fast-emerging asset class.” The crypto price index series will go live on Nov. 15. It will reportedly include separate reference indexes for bitcoin and ether and individual reference rates for both cryptocurrencies. The reference index is based on the 24-hour volume-weighted reference spot prices of bitcoin or ether, using data aggregated from top crypto exchanges. 

Bonnie Y Chan, CEO of HKEX stated,

We are delighted to introduce the HKEX Virtual Asset Index Series to meet the region's growing demand for this fast-emerging asset class. By offering transparent and reliable real-time benchmarks, we seek to enable investors to make informed investment decisions, which will in turn support the development of the virtual asset ecosystem and reinforce Hong Kong's role as an international financial center.

Source

5️⃣ Japan’s Metaplanet Now Holds Over 1,000 Bitcoin With Latest $10 Million Investment 💸

Japanese investment firm Metaplanet Inc. has reportedly bought an additional 156.78 BTC ($10.4 million), bringing its total holdings to over 1,000 BTC. This is part of the firm’s “ongoing accumulation strategy” and makes it one of the largest corporate holders of BTC in Asia. The recent purchase was made at an average price of 10.2 million yen ($66,436) per BTC. 

Source

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Coin Bureau Insider

https://youtu.be/GvogP5Y5bRI?si=2eRmdvdMiIpjT0DX

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Coin Bureau Insider

https://youtu.be/SDtt_XpV0K8?si=IhJi-Rwg8nnmlybk

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (27/10/24)

1️⃣ Former President Trump Floats Idea Of Eliminating Federal Income Tax 🧐

In a recent episode of the Joe Rogan Experience, former U.S. President Donald Trump claimed he was serious about eliminating the country’s federal income tax and replacing the revenue stream with import tariffs. He cited the tariff policies of former US President William McKinley during the 1890s as evidence of its viability. He argued the same policies should be applied to fund the government today.

To demonstrate the potential revenue from such tariffs, Trump claimed,

We were so rich. We had so much money. We didn't know what to do, so they set up a blue ribbon commission on tariffs. And the sole purpose was what to do with all the money we had.


Source

2️⃣ Coinbase Introduces 'Based Agent' For Creating AI Agents In 3 Minutes ⚡️

Crypto exchange Coinbase has announced the launch of “Based Agent” – a new tool that reportedly allows anyone to set up their own artificial intelligence agent with a crypto wallet in under three minutes. The AI agent can integrate with smart contracts, and perform swaps, trades, and stakes. It can also register its own base name. Coinbase developer Lincoln Murr noted that Based Agent was built with Coinbase’s software development kit (SDK), alongside ChatGPT maker OpenAI and software creation platform Replit.

Source

3️⃣ Vitalik Buterin Outlines Ways To Reduce Ethereum's Bloat In 'Purge' Upgrade Roadmap 🔍

Ethereum co-founder Vitalik Buterin recently published a blog post outlining a possible roadmap to tackle Ethereum layer-1’s complexity and "bloat" over time. He noted that a protocol's bloat primarily occurs through its increased features and historical data. To reduce this bloat, he suggested reducing the need for every node to permanently store the blockchain’s entire history.

He stated,

If, by making node running more affordable, we can get to a network with 100,000 nodes, where each node stores a random 10% of the history, then each piece of data would get replicated 10,000 times — exactly the same replication factor as a 10,000-node network where each node stores everything.


Source

4️⃣ Emory University Reports Holding $15 Million Worth Of Shares In Grayscale Bitcoin Mini Trust: Filing ‼️

According to an Oct. 25 filing with the U.S. Securities and Exchange Commission, the Atlanta-based private research institution Emory University holds nearly 2.7 million shares (worth $15.1 million) of the Grayscale Bitcoin Mini Trust. Emory also reported holding 4,312 shares (worth $768,269) in the crypto exchange giant Coinbase. Notably, this makes Emory one of the few higher education institutions to report owning such assets.

Source

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Coin Bureau Insider

Next Week in Crypto: Key Events to Watch (Oct 28th - Nov 3rd, 2024) 🗓

Next week is packed with truly market-moving events, all spanning just three days. So buckle up—it’s going to be a potentially pumpy mid-week! From notable token unlocks to key U.S. economic data, here’s what to keep on your radar:

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Token Unlocks:

🔐 October 30 TIA Token Unlock
   

Celestia (TIA) will unlock 175.59 million tokens, representing a massive 80% of its circulating supply, valued at around $940 million, or 16.3% of its total supply. How this will affect TIA’s price is anyone’s guess, but it’s important to note that this large unlock doesn’t mean all of the unlocked TIA will necessarily be sold—something that’s quite unlikely. Nevertheless, it’s bound to be an interesting day for TIA holders.
   
🔐 November 1 – SUI Token Unlock
   
Sui (SUI) will unlock 64.19 million tokens, worth approximately $114 million, representing 2.32% of its circulating supply.
   
🔐 November 1 – IMX Token Unlock
   
Immutable X (IMX) will unlock 32.47 million tokens, worth approximately $44 million, representing 1.98% of its circulating supply.

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📊 U.S. Economic Data:

Next week will see the release of four crucial economic data points:

- October 30 – Q3 U.S. GDP Report
- October 31 – Core PCE
- November 1 – Unemployment Rate & Nonfarm Payrolls

🔍 The Q3 GDP report on October 30 will be the key highlight of the week. If GDP exceeds expectations, it could signal ongoing economic resilience, potentially delaying rate cuts and putting downward pressure on crypto. Conversely, a weaker GDP could reinforce expectations of future rate cuts, which would be bullish for crypto as lower rates often bring increased liquidity and a more favourable risk-on environment.

🔍 The Core PCE reading will also be critical. Persistent or rising inflation could encourage the Fed to keep rates elevated for longer, while a softer reading would increase the likelihood of rate cuts, easing fears of an inflation resurgence.

🔍 Finally, the unemployment rate and nonfarm payrolls data. If job data points to weakness, it would strengthen the case for easing monetary policy—a potential positive catalyst for crypto. However, stronger-than-expected job growth could justify further rate cut delays.

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That’s all for this week’s action! Be sure to follow these key events closely, and we’ll be back with more updates in the next roundup.

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Coin Bureau Insider

🚨New Video Alert!!🚨

Billions of dollars could be about to flow into the crypto market from the Middle East. That’s because the crypto industry is starting to roll out sharia-compliant products and services that are compatible with Islamic principles.

Not only could this spark investment from up to 2 billion Muslims around the world who have been waiting patiently on the sidelines, it could also become a key catalyst that takes the crypto market to new all time highs.

Today, we’ll tell you everything you need to know about sharia-compliant finance, which cryptos could see a new wave of adoption, and what this could mean for the wider crypto market.

Spoiler alert: it’s incredibly bullish.

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Coin Bureau Insider

🔥 Rally Report 🔥

GOATSEUS MAXIMUS

The price of GOAT has rallied by 31% in the past 24 hours.

WHY?!

📈 Part of a larger rally seen among AI agent memecoins.

🕯 Investors appear more bullish on AI Agent memes than non-AI memes. In fact, Kaito AI posted a tweet showing that the mindshare for Truth Terminal had flipped Murad earlier this week.

If you want to buy or trade GOAT, 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/

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🔔 MARKET MOVING NEWS! (25/10/24)

1️⃣ Ripple Files Form C, Appeals SEC Ruling On XRP Institutional Sales ▶️

Ripple Labs has reportedly submitted its Form C filing to the United States Court of Appeals for the Second Circuit. For context, a Form C filing is a pre-argument statement for civil appeal that outlines the specific grounds on which the company challenges the previous ruling from the Southern District of New York court.

Ripple’s Form C filing challenges the application of the Howey test used in a previous court ruling regarding XRP transfers. Ripple’s chief legal officer, Stuart Alderoty, confirmed the filing in an X post on Oct. 25. He stated that the appeals court will review existing records without new evidence from the SEC, indicating confidence in their case.

Source

2️⃣ Pennsylvania House Passes Bipartisan Bill To Bring Regulatory Clarity To Digital Assets ⚡️

According to a Fox Business report, the Pennsylvania House of Representatives has passed a bipartisan bill aimed at providing regulatory clarity for digital assets. The bill titled ‘House Bill 2481’ passed with overwhelming support, with 176 votes in favour and 26 against, including unanimous backing from all 100 Republican members. It establishes a regulatory framework protecting self-custody and crypto payments, exempting digital assets from additional taxation, and asserting the right to operate a node. The bill will now move on to the Republican-led Pennsylvania Senate after the election and, if passed, onto Gov. Josh Shapiro’s desk.

Source

3️⃣ Dutch Tax Authority Seeks Feedback On Draft Bill For Crypto Firms To Report User Data

The Dutch tax authority has reportedly started soliciting public opinion on a draft bill that requires crypto service providers to collect and share relevant users’ transaction data with the tax agency. The Ministry of Finance of the Netherlands said the proposed bill aims to enhance transparency regarding crypto ownership. It added that the proposed measures “will not change anything for crypto holders, as they are already required to report their crypto balances.”

The new bill aligns with the EU-wide crypto tax reporting rules adopted last year known as the Eighth Directive on Administrative Cooperation (DAC8). Specifically, the DAC8 mandates EU member states to implement rules that would compel crypto firms to report customer holdings data, which will be shared among EU tax authorities. The member states have until Dec. 31, 2025, to implement the rules, which are set to officially take effect on Jan. 1, 2026.

Source

4️⃣ Microsoft Urges Shareholders to Vote Against a Proposal to Assess Bitcoin as a Diversification Investment: Filing 🔍

According to a recent SEC filing, the National Center for Public Policy Research has notified shareholders of Microsoft that it intends to propose a Bitcoin Diversification Assessment at the company’s annual meeting on Dec. 10. The think tank cited business intelligence firm MicroStrategy’s Bitcoin investment strategy and highlighted that it has outperformed Microsoft by over 300% this year “despite doing a fraction of the business.”

However, the Microsoft board has recommended voting against this proposal, arguing that it already “carefully considers this topic.” It stated,

As the proposal itself notes, volatility is a factor to consider in evaluating cryptocurrency investments for corporate treasury applications that require stable and predictable investments to ensure liquidity and operational funding. Microsoft has strong and appropriate processes in place to manage and diversify its corporate treasury for the long-term benefit of shareholders and this requested public assessment is unwarranted.

Source

5️⃣ US Government Crypto Wallet Drained of $20 Million in Suspicious Transfers ‼️

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Coin Bureau Insider

https://youtu.be/tjsX56A54zo?si=ACtjZ9EGrutxDyXl

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Coin Bureau Insider

A recently published Fortune report claims that the prediction market platform Polymarket is "rife" with wash trading. The report cited separate investigations from Chaos Labs and Inca Digital which allegedly found that approximately 30% of the 2024 United States Presidential election activity on Polymarket is the result of wash trading. Both firms claim the actual transaction volume on the platform was only $1.75 billion, compared to the $2.7 billion reported by Polymarket. The report speculates the alleged wash trades are likely motivated by “airdrop farming” as Polymarket was recently reported to be considering issuing its own token.

Source

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https://youtu.be/cq7U0J0CUT4?si=XY5V1sJeCIyUp1gV

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (30/10/24)

1️⃣ Gemini Receives Preliminary Approval For MPI License In Singapore Amid Asia Expansion ⚡️

Crypto exchange Gemini has reportedly received an in-principle approval for its Major Payment Institution (MPI) license application in Singapore. This allows the firm to provide cross-border money transfer and crypto payment services in the country. In a statement published Tuesday, the firm stated that the preliminary approval from the Monetary Authority of Singapore underscores its "dedication to the Singapore market.” Gemini’s preliminary approval for an MPI license comes after it hired Saad Ahmed as its head of APAC in January. Ahmed previously held leadership roles at Uber and Grab in the region. Gemini has stated that it would continue to work towards a final approval for the MPI license.

Source

2️⃣ Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’

MetaMask developer Consensys has reportedly laid off 20% of its workforce. Consensys founder and CEO Joseph Lubin announced the move in a blog post published yesterday. The post cited broader macroeconomic conditions and ongoing regulatory uncertainty, including the Securities and Exchange Commission’s (SEC) “abuse of power” in the space.

It reads,

Multiple cases with the SEC, including ours, represent meaningful jobs and productive investments lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem. Such attacks from the US government will end up costing many companies…many millions of dollars.


Source

3️⃣ dYdX Lays Off 35% Of Staff Shortly After Major Consensys Cuts

dYdX Trading, the firm behind the on-chain crypto derivatives exchange, has reportedly laid off 35% of its core team. In a post announcing the move, CEO and co-founder Antonio Juliano hinted at the need for a new company direction.

He stated,

The decision to let go was a realisation that the company we’ve built is different from the company dYdX must be. We will move forward with clarity and renewed passion. We will create amazing things.


Source

4️⃣ Bhutan Government Moves $66 Million In Bitcoin To Binance Deposit Address: Arkham 🔍

According to the on-chain analytics firm Arkham Intelligence, the Royal Government of Bhutan transferred approximately 929 BTC ($66.1 million) to a deposit address of crypto exchange Binance on Tuesday morning. The BTC was transferred in two transactions; the first transaction moved 100 BTC ($7.1 million) to Binance at 9:09 a.m. UTC and the second moved 839 BTC ($59 million) at 9:56 a.m. UTC. This is the first time Bhutan has sent BTC to a crypto exchange since it deposited 381 BTC (worth $24.1 million at the time) to Kraken on July 1. While the reason for the latest transfer is unknown, many speculate that Bhutan intends to sell the assets.

Source

5️⃣ Biden Thanks Nigerian President After Binance Exec Freed From Prison 🤝

United States President Joe Biden reportedly made a phone call to Nigerian President Bola Tinubu on Tuesday to thank him for playing a crucial role in securing the release of detained Binance executive Tigran Gambaryan. A statement from the White House that recounted the main themes of the call specifically credits Tinubu’s leadership as essential to securing the release of Gambaryan from Nigerian custody on humanitarian grounds.

Source

6️⃣ Florida CFO Urges State Board to Evaluate Crypto Investments for Public Pension Funds ‼️

Jimmy Patronis, Florida’s Chief Financial Officer, has reportedly requested the agency that manages the state’s retirement funds to “provide a report on the feasibility, risk and potential benefits” of investing a portion of the state’s retirement funds in crypto, namely Bitcoin. He claimed the move could help diversify the state’s portfolio and provide “a secure hedge against the volatility of other major asset classes.” He also proposed the agency should consider launching a Digital Currency Investment Pilot Program as part of the Florida Growth Fund to test the viability of crypto in Florida’s pension system.

Source

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Coin Bureau Insider

🚨New Video Alert!!🚨

Ethena is a new decentralized stablecoin that offers high yields and is backed partially by BTC. Not surprisingly, this has led to concerns that Ethena is Terra 2.0, and will crash the crypto market.

What is surprising is that these concerns are justified, but not in the way people think. Ethena could fundamentally warp the entire futures market in crypto, resulting in an abnormal increase in leverage.

At the same time however, it could set the stage for an incredible market melt up, and generate record breaking revenues that could send its ENA token up by 40x or more by the end of the bull market.

This is a video you need to watch until the end.

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Coin Bureau Insider

🔥 Rally Report 🔥

DOGECOIN

The price of DOGE has rallied by 13% in the past 24 hours.

WHY?!

☄️ The rally comes after the ‘Dogefather’ Elon Musk mentioned how his ‘proposed’ Department of Government Efficiency (aka D.O.G.E.) would save the U.S. a lot of money.

🎙 The speech was made during a massive Trump rally at Madison Square Garden in New York City yesterday. Notably, Musk also posted a tweet showing a picture of himself with the DOGE avatar.

If you want to buy or trade DOGE, 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/

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🚨 Livestream Alert!! 🚨

It’s time for another weekly crypto review!

Today we cover:
- All Roads Lead to Inflation
- Bitcoin to 125k?
- Saying the Quiet Part Out Loud
- Back with the Tether FUD
- AI Meme Madness
- Top Gainers in Crypto

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Coin Bureau Insider

🔥 Rally Report 🔥

MANTRA

The price of OM has rallied by 10% in the past 24 hours.

WHY?!

‼️ The rally follows the recent launch of Mantra’s RWA-focused Layer 1 mainnet.

⚡️ This has led to considerable hype for the token since users can now stake OM, bridge tokens for future airdrops, and earn KARMA by completing new missions on the mainnet.

If you want to buy or trade OM, 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/

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🚨 Don't Miss This Bitcoin Trend Trading Masterclass! 🚨

Aaron from Coin Bureau Trading breaks down the key trend-based indicators and what they reveal about Bitcoin's next move!

Whether you're new to trend trading or looking to sharpen your skills, this video is packed with essential insights.

Watch now and subscribe to Coin Bureau Trading for more expert analysis and crypto strategies. You won't want to miss what's coming next! 🔥

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🚨 New Video Alert!! 🚨

Elon Musk says that Tesla’s humanoid robot will be the “biggest product ever of any kind”.

But tech companies have been building humanoids for decades now, with little commercial success.

What makes this time different? Will a new wave of humanoids bring us to utopia, dystopia, or even extinction? Or is the latest robot hype just one big larp?

Lock in to today’s video to find out.

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Coin Bureau Insider

🔥 Rally Report 🔥

RAYDIUM

The price of RAY has rallied by 13% in the past 24 hours.

WHY?!

📈 The rally appears to be driven by strong investor confidence in Raydium’s dominant position within the Solana ecosystem. According to a Dune Dashboard, Raydium currently controls over 50% of the total DEX volume in the Solana ecosystem.

💰 Data from DefiLlama also shows that Raydium recently beat the Ethereum network in 24-hour revenue. Specifically, Raydium recorded $3.4 million in fee revenue while Ethereum only collected $3.35 million in fee revenue on Oct 21st.

If you want to buy or trade RAY, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

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🔍 https://www.coinbureau.com/review/blofin-review/

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https://youtu.be/y_-EgJjPTHs?si=dErcsIVA3LdQLnSu

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (26/10/24)

1️⃣ Bitfinex Wallet Hacker Returns Most Of The $20 Million Back To US Government 🧐

The hacker who drained a United States government wallet of approximately $20 million on Oct. 24 has reportedly returned $19.3 million to the government wallet less than 24 hours later. According to Arkham Intelligence, the hacker returned approximately 2,412 ETH and $13.2 million in Aave-staked USDC (aUSDC). Onchain sleuth ZackXBT noted that the returned funds do not include the ~$700,000 the hacker sent to instant exchanges. The identity of the hacker remains undiscovered.

Source

2️⃣ Prosecutors Expected To Offer Plea Deal To Alleged SEC Hacker Who Falsely Said Bitcoin ETFs Were Approved

U.S. prosecutors are reportedly preparing to offer a plea deal to Eric Council Jr., the individual charged over his alleged involvement with hacking the United States Securities and Exchange Commission’s X account and posting a message suggesting that Bitcoin exchange-traded funds (ETFs) had been approved. The intention was declared by Assistant U.S. Attorney Kevin Rosenberg during a hearing at the U.S. District Court in the District of Columbia on Friday. Eric Council Jr. has already pleaded not guilty to the charges brought by the prosecutors.

Source

3️⃣ Tether CEO: ‘No Indication’ US Treasury Is Investigating Stablecoin Issuer 🔍

Yesterday, the Wall Street Journal published a report claiming that the federal government was investigating stablecoin issuer Tether for possible violations of sanctions and anti-money-laundering rules. However, Tether CEO Paolo Ardoino has denied the newspaper’s claims, stating that there was "no indication" the firm was being investigated.

A Tether spokesperson told Decrypt,

It is wildly irresponsible for WSJ to write articles with reckless allegations with such certainty when no authorities have gone on the record to confirm these rumours, and no sources are named. These stories are based on pure rank speculation despite Tether confirming that it has no knowledge of any such investigations into the company. The article also carelessly glosses over Tether’s well-documented and extensive dealings with law enforcement to crack down on bad actors seeking to misuse Tether and other cryptocurrencies.


Source

4️⃣ Fake Curve Finance App Scams Users, Tops Global Finance Charts ‼️

A fake Curve Finance application has reportedly gained traction in the Apple app store, ranking among the top 100 finance apps today. The app is trending in regions including Europe, Latin America, New Zealand, the United States and Southeast Asia, despite being flagged by multiple users as a scam. The fake Curve Finance Apple store app was first highlighted in a post on X by fintech engineer Babu.

Source

5️⃣ Wintermute To Take Ethena’s USDe As Trading Margin ☄️

Algorithmic trading firm Wintermute is reportedly accepting the synthetic stablecoin USDe as collateral for spot crypto and derivatives trades. USDe joins Wintermute’s existing roster of accepted crypto collateral, which includes BTC, ETH, SOL and USDC. The firm stated that its clients can now post “USDe as collateral for options, [credit default swaps], forward, and spot trading.”

Source

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According to Arkham Intelligence, an attacker has stolen approximately $20 million worth of stablecoins and ETH from wallets belonging to the U.S. government. The wallet in question reportedly contained funds the U.S. government seized from the hacker behind the 2016 exploit of the crypto exchange Bitfinex. Arkham claims the hacker has started converting the stablecoins into ETH and laundering the funds through addresses likely associated with a money-laundering service.

Source

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🔥 Rally Report 🔥

SAFE

The price of SAFE has rallied by 16% in the past 24 hours.

WHY?!

🕯 Binance Futures has announced that it will list SAFEUSDT perpetual contract with up to 75x leverage at 2024-10-25 12:30 (UTC).

‼️ The announcement comes just a day after South Korean crypto exchange Upbit announced new trading pairs for SAFE.

If you want to buy or trade SAFE, 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/

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🚨 Bitcoin's Next Move? CME Gaps, Liquidity Pools & Megaphone Pattern! 🚨

Mariano is back with a deep dive into Bitcoin's recent price action. In today's video, he breaks down the battle between CME gaps and liquidity pools, the potential breakout from the megaphone pattern, and what traders should watch next.

If you’re serious about swing trading Bitcoin, this is a video you can't afford to miss. Hit play to get the latest insights on what might come next for BTC!

Watch now and don’t forget to subscribe to Coin Bureau Trading for more in-depth analysis! 👇

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