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🔥 Rally Report 🔥
BITTORENT
The price of BTT has rallied by 21% in the past 24 hours.
WHY?!
📈 Part of a larger market rally among tokens linked to Tron founder Justin Sun.
‼️ Notably, Sun secured a minor win this week in his case against the U.S. Securities and Exchange Commission (SEC) after a New York judge denied the SEC’s attempt to block one of Sun’s main arguments to have the case against him dismissed.
⚡️ Another factor influencing the recent bullishness is SunPump - a new memecoin deployer on the Tron blockchain. The protocol reportedly generated over $1.1 million in revenue in the 11 days since its initial launch.
If you want to buy or trade BTT, 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!! 🚨
Sui has been in the news a lot lately, and not necessarily for all the right reasons. Its recent rally has raised lots of eyebrows, and the possibility that it could keep rallying is why we knew we had to cover it.
It seems that Sui’s recent price action was driven by a combination of three factors, only one of which the media seems to be talking about. One surprising factor related to DeFi seems to be the main cause.
Even if this pump turns out to be short lived, it looks like Sui could get a second wind in early September due to upcoming milestones that we discuss towards the end of the video, so watch until the end!
Enjoy!
🔔 MARKET MOVING NEWS! (20/08/24)
1️⃣ Bitwise Acquires London-Based ETP Provider ETC Group to Enter Europe ☄️
Crypto asset manager Bitwise has reportedly acquired London-based ETC Group as part of its expansion into Europe. The acquisition has added nine European-listed digital asset ETPs to Bitwise's product offerings, bringing its total assets under management to over $4.5 billion. ETC Group's Europe-listed ETPs include a physical bitcoin product (BTCE) and staked ether ETP (ET32).
Source
2️⃣ Fabric Cryptography To Develop Cryptography Processing Unit After Raising $33 Million 💰
Fabric Cryptography, a Silicon Valley hardware startup, has reportedly raised $33 million in a Series A funding round. The round was co-led by Blockchain Capital and 1kx, with participation from Offchain Labs, Polygon and Matter Labs.
The team plans to use the funds to develop a cryptography processing unit, which it calls the Verifiable Processing Unit (VPU). The company’s press release describes the VPU as a “custom silicon chip that uses an instruction set architecture specific to cryptography.” They expect the VPU to be able to “drastically improve the speed and cost of running advanced cryptographic workloads” compared to currently available CPUs and GPUs. The new chips are slated to go into production later this year.
Source
3️⃣ Kamala Harris Likely to Nominate Gary Gensler as Treasury Secretary if Elected: Senate Sources 🔍
According to a report from the Washington Reporter, U.S. Vice President Kamala Harris plans to nominate SEC Chair Gary Gensler as Treasury Secretary if she wins the presidential election this November. The report cited multiple senior Senate staffers as its source.
Many in the industry view the development as bearish for crypto if true. Notably, the SEC brought a number of enforcement actions against some of the leading projects and companies in the industry including Coinbase, Kraken and Uniswap during Gensler’s time as Chair. His approach to crypto has been criticised by politicians from across the aisle.
However, the report has not received official confirmation and many remain skeptical about its legitimacy. A report by The Block noted that the Washington Reporter describes itself as a “right-of-center” digital newspaper. It also highlighted that the publication is staffed by self-described full-time Republican political “operatives” and was launched in 2024.
Source
4️⃣ Judge Denies SEC Attempt to Hamper Tron’s Defense Amid Dismissal Ploy 👀
A New York judge has reportedly dealt the Securities and Exchange Commission (SEC) a setback in its case against Tron founder Justin Sun. Notably, the judge denied the SEC’s attempt to block one of Sun’s main arguments, which he has been using to have the case against him dismissed.
Specifically, Sun and Tron’s defendants attempted to dismiss the case by arguing that the SEC had no authority over “foreign digital asset offerings to foreign purchasers on global platforms.” The SEC responded by claiming this was a “new argument” in an Aug. 12 letter. They asked the judge to either not consider it in Sun’s motion to dismiss or force them to file a “sur-reply” to address the new argument. However, the New York judge sided with the defendants that no new argument had been introduced.
Source
5️⃣ Top Democratic Donor Abandons Crypto Super PAC 🥶
Ron Conway, a Democratic mega-donor, has reportedly severed ties with a network of crypto super PACs after they announced they would spend $12 million to unseat Democratic Senator Sherrod Brown without informing him. Conway argued that the group’s money pledge would undermine efforts to pass crypto-friendly legislation in Congress by alienating Democratic lawmakers.
Conway expressed his outrage in an email sent to influential figures in the crypto industry, including Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse. The email reads,
https://www.youtube.com/live/ofr18DJKj5k?si=XQ0WpJCpB-tfK7Ru
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The Indian Enforcement Directorate (ED) of Ahmedabad claims that Bhatt extorted 2,091 BTC, 11,000 LTC and around $1.7 million in return for their release. Bhatt also reportedly paid his accomplices $34 million for “their active participation” in kidnapping and extortion, which was further used to purchase “immovable properties, gold and other assets.” While the investigation is still underway, the law enforcement agency claims it has already recovered “movable and immovable properties” worth $52 million.
Source
https://www.youtube.com/watch?v=QWS43YdxJjs
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🔔 MARKET MOVING NEWS! (18/08/24)
1️⃣ Optimism Foundation Disables Permissionless Fraud Proofs, Plans Hard Fork Following Security Audits 🔍
The Optimism Foundation has reportedly decided to revert its permissionless fraud-proof system to a permissioned state after "community-driven audits" identified a number of bugs at varying levels of severity. Notably, the decision to make it permissioned again comes just two months after the permissionless state was introduced.
Mofi Taiwo, a representative of Optimism contributor OP Labs, submitted a proposal to Optimism's governance forum that detailed the security vulnerabilities identified and outlined the reasons for activating the fallback system. While Taiwo clarified that none of the vulnerabilities had been exploited, he reasoned that the permissioned fallback mechanism had to be activated to avoid any potential instability while the vulnerabilities were patched. The proposal schedules the upgrade dubbed "Granite" for September 10 at 16:00:01 UTC.
Source
2️⃣ BlackRock's ETFs Surpass Grayscale's in Assets, Crowning New Crypto Fund King: Arkham 📈
According to blockchain intelligence firm Arkham Intelligence, BlackRock’s digital asset ETFs have surpassed those offered by Grayscale in terms of total assets under management (AUM). Notably, this is despite BlackRock only offering two funds, IBIT (spot Bitcoin) and ETHA (spot Ethereum) while Grayscale offers four funds: GBTC, BTC Mini, ETHE, and ETH mini. Specifically, BlackRock’s combined digital assets AUM stands at $21.6 billion, while Grayscale’s combined digital assets AUM stands at $21.3 billion.
Source
3️⃣ Former BAYC Creative Director Jeff Nicholas Joins Meta’s Reality Labs ⚡️
Bored Ape Yacht Club’s former creative director Jeff Nicholas is reportedly set to join Meta’s Reality Labs as an executive producer. Nicholas will begin his new position in September and focus on mixed-reality entertainment experiences in this role.
While this marks his exit from Yuga Labs, Nicholas assured well-wishers and followers on social media that he would remain active in the BAYC community. He stated,
As for me personally, I’m not going anywhere. I minted Apes, I’m an Ape till I die, and I’m looking forward to continuing to be part of the community as this club, brand and legacy unfold in the days, months and years to come.
🚨 New Video Alert!! 🚨
Folks, Putin has been orange pilled. This is not a drill.
Sanctions on Russia are biting so hard that the government has turned to crypto for conducting international trade.
This news left us with a whole lot of questions, not least because of Russia’s domestic anti-crypto laws.
Today, we explore the Russian government’s messy history with crypto, and how they ended up using it to cut trade deals.
This is a video you don’t want to miss!
BitVM co-founders Alexei Zamyatin and Robin Linus have announced the release of a new whitepaper for the second version of the Bitcoin Virtual Machine, BitVM2, and the updated BitVM Bridge. The whitepaper details updated efforts to improve the efficiency of transactions within the Bitcoin network through improvements in transaction handling capabilities and updated cryptographic methods. Specifically, the whitepaper explains that BitVM2 employs optimistic computation to scale Bitcoin with sidechains.
Source
https://www.youtube.com/watch?v=DFOrs3_kV-w
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According to a recently filed form 13F filing, United States investment banking firm Morgan Stanley held roughly $188 million worth of shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT) as of June 30. Notably, this makes the investment bank a top-five shareholder of the ETF. The bank also disclosed that it owned $1.57 million worth of shares in the ARK 21Shares Bitcoin ETF (ARKB), down slightly from the $2.3 million allocation it showed at the end of the first quarter. Morgan Stanley also appears to have almost completely sold off the shares it held in the Grayscale Bitcoin Trust (GBTC). Its latest filing showed a position worth $148,000 in GBTC, down significantly from the $269.9 million position it showed in the previous quarter.
Source
🔥 Rally Report 🔥
AAVE
The price of AAVE has rallied by 6% in the past 24 hours.
WHY?!
▶️ The rally appears to be in response to the reported CPI data in the U.S. which was mostly in line with market expectations. The price of AAVE had similar rallies in the past when the reported CPI data was below market expectations.
💰 Another possible factor influencing its price could be the recent liquidations on the platform. Notably, Aave witnessed its largest-ever liquidations last week, with nearly $300M liquidated. This event saw the protocol earning $6 million in fees.
If you want to buy or trade AAVE, 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!! 🚨
Around the world, governments are struggling to keep their governments afloat. Economies are being squeezed and there’s a good chance you’ve felt the pinch yourself.
But, just how much debt is the world in? How the heck did we get here, and what are these governments doing to address the issue? It’s a question that, as you’ve probably already guessed, doesn’t have a straightforward answer.
Today, we’ll be looking at the top 5 countries with the highest government debt to GDP ratios - basically, which governments owe more money out than what they’re raking in. We’ll tell you how these countries got to this point, how it’s affected their citizens, and how they plan to get back on track - if at all possible!
🔔 MARKET MOVING NEWS! (14/08/24)
1️⃣ Coinbase Teases Upcoming Launch Of Apparent Tokenised Bitcoin Named cbBTC 🤔
In a recent post on social media platform X, crypto exchange Coinbase hinted that it may soon be launching a wrapped bitcoin product under the ticker cbBTC. Notably, the ticker is similar to cbETH - Coinbase’s Ethereum staking derivative product. While further details were not provided, the post comes shortly after the recent controversy surrounding BitGo - the team behind Wrapped Bitcoin (WBTC), and Tron founder Justin Sun.
Source
2️⃣ Coinbase Expands Crypto Services To Hawaii ⚡️
Crypto exchange Coinbase has reportedly expanded its crypto services to Hawaii, allowing residents to buy, sell and manage their digital assets. Notably, the expansion comes after Hawaii’s Department of Commerce and Consumer Affairs Division of Financial Institutions (DFI) made substantial regulatory changes.
Coinbase had pulled out of Hawaii in 2017 due to its cryptocurrency regulation policy which required companies to hold one-to-one cash reserves for their BTC holdings. The DFI relaxed these regulatory restrictions as part of the Hawaii Digital Currency Innovation Lab pilot program which was launched to remove the reserve requirement.
Source
3️⃣ Possible BitGo Wallet Moves $2 Billion Worth Of Mt. Gox Bitcoin: Arkham Data 🔍
According to data from Arkham Intelligence, a wallet suspected to belong to cryptocurrency exchange BitGo moved nearly $2 billion in BTC to another wallet. Notably, the suspected BitGo wallet address had received more than $2 billion in Mt. Gox bitcoin on July 30 at 11:28 pm UTC. Many speculate that the latest movement of funds could mean the Mt. Gox saga is nearing a final phase. Specifically, BitGo is one of the crypto exchanges working with the Mt. Gox Trustee to distribute funds to Mt. Gox creditors.
Source
4️⃣ Bitcoin ETFs on Pace to Hold More BTC Than Even Satoshi ‼️
According to a recent chart posted by Bloomberg ETF analyst Eric Balchunas, spot Bitcoin ETFs in the United States now hold 909,700 Bitcoin in total. Notably, this is almost on par with the holdings of Bitcoin’s anonymous creator, Satoshi Nakamoto.
Nakamoto is estimated to hold approximately 1.1 million BTC which they mined during the network’s infancy. On average, the spot Bitcoin ETFs add around 37,510 BTC to their holdings every month. At this rate, they are projected to surpass Nakamoto’s holdings in January 2025. However, Balchunas believes the funds could overtake Nakamoto’s stack as early as October.
Source
5️⃣ WazirX Ends Custody Relationship With Liminal, Is Moving Funds to New Multisig Wallets ▶️
Indian crypto exchange WazirX is reportedly ending its relationship with custody provider Liminal Custody. Notably, the development follows the $230 million exploit suffered by the exchange last month. At the time of the attack, Liminal and WazirX blamed each other for the success of the attack.
WazirX stated,
We are in the process of migrating the remaining assets held with Liminal to new multisig wallets. This step is essential to ensure maximum security of the assets in light of recent events. While we believe our interface and systems remain uncompromised, the same cannot be said for the custodian's interface post the July 18th incident, prompting this precaution. We are exercising extreme caution in how and when we move these assets, considering the complexity involved [...] For transparency, we'll publish the list of all new wallets once the migration is complete.
https://www.youtube.com/watch?v=z_AR9pHd63U
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https://www.youtube.com/watch?v=ymuCZe8pylU
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$12M to [Sherrod] Brown’s opponent at a time when Sen Schumer is doing his best to get a bill passed in the Senate in the lame duck. You all know that is ‘slap in the face’ to Sen Schumer And a ‘slap in the face’ to me when you know Im meeting him in SF tomorrow. How short sighted and stupid can you possibly be? NOT ONE PERSON BOTHERED TO GIVE ME A HEADS UP THAT YOU WERE DOINIG [sic] THIS […] Im the one using my 25+ year old personal relationships to help this movement the most significantly and not one person bothered to inform me. Sadly, I’m even a donor to Fair Shake.
🔥 Rally Report 🔥
BRETT (BASED)
The price of BRETT has rallied by 25% in the past 24 hours.
WHY?!
📈 Part of a larger market rally, especially among meme coins.
⚡️ BRETT’s price rally is also influenced by listing announcements from two major crypto exchanges. Specifically, South Korean crypto exchange Upbit announced that it is introducing a BRETT/USDT trading pair on its platform at 19:30 (KST) on August 20th. Crypto exchange Binance also announced that it is introducing USD-margined perpetual contracts for BRETT in its Futures platform at 10:35 (UTC) on August 20th.
If you want to buy or trade BRETT, 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. But this time it will be LIVE!
First, macro conditions seem to be improving as the consumer sentiment rose for the first time in 5 months. While Ethereum on the other hand is having some issues.
Next, we’ll look at Institutional accumulation, memecoin hype, WBTC FUD, and tell you what this could all mean for the market.
Last but not least, the US Government is selling again. Or is it?
All that and more in today’s weekly crypto review. Don’t miss it!
🔔 MARKET MOVING NEWS! (19/08/24)
1️⃣ Malaysian Authorities Arrest Seven Individuals for Illegal Bitcoin Mining Activities ⚡️
According to local media reports, Malaysian authorities have arrested seven individuals for allegedly stealing electricity to power their Bitcoin mining operations. Sepang District Police Chief ACP Wan Kamarul Azran Wan Yusof stated that these individuals (three locals and four foreign nationals) have no prior criminal records. The local police added that they seized 52 bitcoin mining rigs and other electronic devices, the total value of which is estimated at 250,000 Malaysian Ringgits (RM) worth $57,000.
Source
2️⃣ Australia's Financial Regulator Warns of Ongoing Crypto Scams Despite Monthly Decline Since April 🤔
The Australian Securities and Investment Commission (ASIC) announced today that it removed more than 600 crypto scams in the last year as part of a wider effort to disrupt online investment scams targeting billions in Aussie savings. The regulator stated that investment scams resulted in about $1.3 billion in losses in 2023. The ASIC reportedly takes down an average of 20 websites every day, however, scammers continue to adapt and find new ways to lure victims.
Source
3️⃣ Google Took Three Months to Remove Scam App That Stole Over $5 Million In Crypto: Lawsuit 🔍
Maria Vaca, a resident of Florida, is reportedly suing Google in the state of California for at least $5 million in damages. Notably, Vaca’s lawsuit claims she lost over $5 million in a cryptocurrency investment scam after downloading the Yobit Pro application on the Google Play Store. The lawsuit states that Vaca only downloaded the app because she believed Google was successfully preventing scam apps from becoming available on the Google Play store.
Notably, Vaca had contacted law enforcement and the Consumer Financial Protection Bureau (CFPB) on the day she realised she had fallen for a scam. The authorities then forwarded her complaint to Google the same day. However, Google allegedly took three months to remove the app from the Play Store after receiving the complaint.
Source
4️⃣ HashKey Partners With Telegram Game Catizen To Extend Gamefi Reach 🤝
Asia-based financial services firm HashKey Group has partnered with Telegram mini-game Catizen for future collaborations. This reportedly includes “gamified experiences in digital finance, a joint HSK airdrop campaign, animal protection, and social responsibility initiatives.”
Tim Wong, chairman of Catizen Foundation, stated
This collaboration marks a significant milestone for Catizen, enabling us to provide our 20 million global community members with enhanced, compliant, and reliable digital asset services.
🚨 New Video Alert!! 🚨
Last month, the market cap of the top 7 US companies fell by $2.6 trillion in just 20 days. That’s more than the GDP of Russia gone in under 3 weeks.
Is this what TradFi people call a healthy correction?
Or, are we watching a massive stock market bubble bursting?
After bidding stocks up to Mars, investors are praying that it’s the former.
But it’s a long way down, and they might just be too scared to look.
Tune in to today’s video to find out the truth - plus, what it could mean for crypto.
https://www.youtube.com/watch?v=Oss1u5lYW4M
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🔔 MARKET MOVING NEWS! (17/08/24)
1️⃣ Worldcoin Says Malaysians Now Able To Digitally Prove Their Humanity With Project's Orbs ‼️
Worldcoin Foundation and Tools for Humanity have reportedly signed a memorandum of understanding (MoU) with MIMOS Berhad, the Malaysian government’s application research and development department. The collaboration seeks to integrate Worldcoin technology into Malaysia’s digital infrastructure, allowing Malaysians to prove their humanity using Worldcoin technology. They will also explore the possibility of working together to manufacture the orbs used for creating iris scans.
The announcement stated,
As part of the MoU, new Worldcoin operations in Malaysia will give individuals access to individual humanness verifications using state-of-the-art iris imaging technology developed by [Tools for Humanity] for the Worldcoin project. The Worldcoin Foundation will work to ensure that its technology is open source and freely available.
Given the agreement requires USMS assets remain completely segregated, whenever a transfer is ultimately made to CB prime (or other commingled exchange address), you can be sure USMS has already sold or is selling imminently.
🔔 MARKET MOVING NEWS! (16/08/24)
1️⃣ OKX Brings Solana ‘Blinks’ To Ethereum Chains ☄️
Crypto exchange OKX has reportedly added new functionality to its wallet application. Notably, the latest update allows the OKX wallet to support blockchain links (Blinks) - a technology developed on Solana that makes it possible to embed shareable URLs that can execute on-chain transactions on webpages.
The new integration with Blinks will extend these capabilities to all Ethereum-compatible chains. OKX claims to be the first with a multi-chain wallet to be able to do so. OKX worked with Dialect to bring Blinks into its wallet technology stack and says these transactions have “zero fees.”
Source
2️⃣ Donald Trump Holds Over $1M in Ether, Also Receives NFT Licensing Fees ‼️
According to a personal financial disclosure obtained by ethics watchdog Citizens for Ethics, former U.S. President Donald Trump holds between $1 million to $5 million in ETH and has significant income from NFT licensing fees. While the filings do not reveal Trump’s exact ETH holdings, Arkham Intelligence lists the holdings of Trump's wallet at $3.6 million. The filings also reveal that Trump made $7.15 million through a licensing agreement with a firm called NFT INT. The former first lady, Melania Trump, also reported an income of $330,609 from the sales of NFTs.
Source
3️⃣ ‘I’m Not Leaving’ — Megaupload’s Kim Dotcom To Fight US Extradition 🤔
Kim Dotcom, the founder of the defunct file-sharing website Megaupload and crypto platform BitCache, has announced that he plans to fight an order to extradite him to the United States. For context, authorities have been trying to extradite Kim Dotcom to the US for the past 12 years where he faces criminal charges for his role in creating the defunct file-sharing website. The US authorities claim the website cost movie and music studios more than $500 million by allowing copyrighted material to be posted and shared.
New Zealand Justice Minister Paul Goldsmith signed an extradition order for Dotcom on Thursday. However, Dotcom claims he has a "plan" to avoid the extradition. He also criticised his adopted home country, New Zealand, in another post, stating,
The obedient US colony in the South Pacific just decided to extradite me for what users uploaded to Megaupload, unsolicited, and what copyright holders were able to remove with direct delete access instantly and without question.
🚨 New Video Alert!! 🚨
Everyone has an opinion on where Bitcoin is heading. Yes, you can listen to the prognostications of these soothsayers, or you can find out for yourself.
The truth is that the real alpha in the market comes from studying the data and coming to your own conclusions.
In our video today, we are going to take you through 5 of the most important market indicators that could help take your investing to the next levels.
So, if you want a first mover advantage on potential movements in the crypto markets, then you need to watch this video!
🔔 MARKET MOVING NEWS! (15/08/24)
1️⃣ July’s CPI Data Shows Inflation Slowing To 2.9%, The Lowest In Over Three Years ‼️
The U.S. Bureau of Labor Statistics’ latest report shows that the Consumer Price Index increased 0.2% on a seasonally adjusted basis, after declining 0.1% in June. The report noted that the index increased 2.9% over the last 12 months through July. This is slightly below the 3% rise economists predicted. Higher housing costs reportedly accounted for most of the rise. When excluding food and energy, the core CPI increased by 0.2% monthly and 3.2% annually, which met expectations. The report also noted that this annual rate is the lowest since March 2021 and the core rate is the lowest since April 2021. The price of BTC fell slightly after the CPI report since many believe the core inflation print above 3% does not provide a clear signal to the Fed to start cutting rates. An interest rate cut would make it cheaper to borrow money, increasing spending towards risk-on assets such as BTC.
Source
2️⃣ MetaMask Starts Rollout of Blockchain-Based Debit Card Developed With Mastercard, Baanx 💰
Popular self-custodial crypto wallet solution MetaMask has announced the launch of the ‘MetaMask card’ - a self-custody debit card developed in partnership with Mastercard and digital payments company Baanx. MetaMask has launched a pilot program for the card, offering access to “a few thousand digital-only cards" for select users in the United Kingdom and the European Union, with plans to roll out the product in other regions over time. The card allows users to spend their USDC, USDT and wETH cryptocurrencies held on the Linea blockchain, an Ethereum layer-2 network developed by Consensys, the developer of MetaMask.
Source
3️⃣ TON And Pyth Team Up For Real-Time DeFi Data ☄️
The Open Network (TON) has reportedly partnered with the decentralised data oracle Pyth Network to deliver high-fidelity data to builders on TON. The partnership will focus on integrating Pyth’s pull oracle data feeds to enable TON developers to “make their apps truly stand out.” Notably, Pyth’s pull oracle technology is designed to offer real-time “institutional-quality price data” required to help build DApps on TON.
Source
4️⃣ U.S. Moves $600M of Silk Road Bitcoin to Coinbase Prime, But Not Necessarily to Sell 💸
According to Arkham Intelligence data, a wallet tagged as belonging to the U.S. government moved 10,000 BTC (worth approx. $600 million) to Coinbase Prime, the exchange giant's institutional platform. Notably, the funds appear to be related to the BTC seized from the Silk Road dark web marketplace. While deposits to an exchange usually signal an intention to sell the assets, in this case the transfer may have happened for custody reasons. Notably, the U.S. Marshals Service announced a partnership last month with Coinbase Prime to "safeguard and trade" large-cap digital assets.
Source
5️⃣ Binance to Pay $1.7 Million to Brazil’s SEC Over Crypto Derivatives ⚡️
Crypto exchange Binance has reportedly agreed to pay a $9.6 million reais ($1.75 million) fine to Brazil’s Securities and Exchange Commission (CVM) for acting as a “securities intermediary” by offering derivatives trading in the country without a proper license. The CVM first accused Binance Futures of illegally operating in Brazil without proper approval in July 2020. Binance is now banned from offering derivatives products in Brazil, and no longer does so.
Source
6️⃣ Morgan Stanley Reveals $187 Million Position In IBIT, Nearly Sells Out Of GBTC In Q2 🔍
https://www.youtube.com/watch?v=T7ES16tZrpg
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According to a recent 13F filing, financial services giant Goldman Sachs held $418.65 million worth of shares in U.S. spot bitcoin exchange-traded funds as of June 30. Its largest spot bitcoin ETF holdings were 6.9 million shares (worth $238.6 million) of BlackRock’s iShares Bitcoin Trust. This makes Goldman Sachs the third largest holder of the IBIT fund, behind Millennium Management and Capula Management Ltd. Its other large positions include Fidelity's Bitcoin ETF (FBTC) at $79.5 million, Invesco Galaxy's BTC ETF (BTCO) at $56.1 million, and Grayscale's GBTC at $35.1 million. It also holds smaller positions in BITB, BTCW, and ARKB.
Source
🔥 Rally Report 🔥
MAKERDAO
The price of MKR has rallied by 7% in the past 24 hours.
WHY?!
💰 Yesterday, asset manager Grayscale introduced a new fund that invests in MKR - the governance token of the decentralised lending platform MakerDAO
🕯 Notably, the Grayscale MakerDAO Trust is accessible to eligible individual and institutional accredited investors. It is a closed-end fund – the same as the firm's other single-asset trusts. This means there could be price deviations between the fund's share on secondary markets and the underlying asset since direct withdrawals are not possible.
If you want to buy or trade MKR, 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 crypto market has been acting crazy, and I know we’ve all been trying to get a sense of what’s going on and where things are headed. As it so happens, a recent report from Forbes has a few insights.
The report takes a look at what’s been happening in the crypto market since the start of the year - from everything to spot Bitcoin ETF approvals to Donald Trump’s appearance at this year's Bitcoin conference in Nashville - and gives us a forecast of how the rest of 2024 could pan out.
Today, we’ll be breaking down this report, adding context with our own thoughts and insights, and tell you where we think the crypto market could be headed next. Spoiler alert: things are looking very bullish indeed.
Enjoy!