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Get the latest updates from Guy straight to your Telegram 📲 Includes: - Guy's trades 📈 - Portfolio updates ⚖️ - announcement of video's in the pipeline and coin's on our watchlist 👀 - guy.eth
🚨Rally Report🚨
UNISWAP
The price of UNI has rallied by 16% in the past 24 hours.
WHY?!
🎉 Uniswap governance is reportedly working on a proposal to give under-represented DAO delegates more voting power.
🚀 Specifically, the proposal, which is currently in ‘temperature check’, seeks to delegate 10 million UNI from the DAO’s treasury to underrepresented delegates, with the top four candidates receiving up to 2.5 million UNI. These UNI tokens would not be tradeable and would be restricted to voting purposes.
If you want to buy or trade UNI, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
🚨 New Video Alert!! 🚨
While we’ve all been distracted by current events, central banks have been slowly rolling out their dystopian digital currencies: central bank digital currencies AKA CBDCs.
There have been a lot of CBDC developments around the world lately, and we figured it was about time that we brought you (and ourselves) up to speed about what’s been going on.
The bad news is that CBDCs are on the brink of being rolled out in many countries. The good news is that there are some countries that appear to be rejecting CBDCs, and so are most people.
Be sure to watch until the end to find out which countries these are!
🚨Rally Report🚨
BLUR
The price of BLUR has rallied by 22% in the past 24 hours.
WHY?!
📈 The rally seems to come from the recent launch of ‘Blast’ - a layer 2 network by Tieshun Roquerre, the co-founder of Blur. Notably, Roquerre stated that Blast was an extension of the Blur ecosystem, empowering users to earn yields on idle assets while bolstering the technical infrastructure necessary for advanced NFT offerings.
🚀 Season 3 of Blur's rewards program is expected to be integrated with Blast. Blur’ season 2 airdrop also recently went live. According to lookonchain, 19 addresses bought a total of 51.3M $BLUR($21M) after Season 2.
If you want to buy or trade BLUR, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
🚨 New Video Alert!! 🚨
It’s been a while since we’ve done a proper technical analysis tutorial. Given the current market conditions, we figured it was about time for part 4 (or part 5, we forget!).
This technical analysis tutorial is all about candlestick patterns. If that sounds boring, well, consider this: the inventor of technical analysis used candlestick patterns to make billions.
How about that?
As it turns out, candlestick patterns are super common in crypto. This might have something to do with all the FOMO and FUD we feel each day. Today’s video will help you trade around these emotions!
Enjoy!
📣📣 MARKET MOVING NEWS! (21/11/23)
1️⃣ SEC Sues Kraken Alleging It’s an Unregistered Exchange, Mixes User Funds ❗️
The United States Securities and Exchange Commission (SEC) has reportedly filed a lawsuit against crypto exchange Kraken, accusing it of commingling customer and corporate funds while operating as an unregistered broker, clearing agency and dealer. A Kraken spokesperson has denied the allegations and has stated the firm plans to defend itself in court.
Concerning the commingling accusations, the SEC’s court filing states,
Kraken has at times held customer crypto assets valued at more than $33 billion, but it has commingled these crypto assets with its own, creating what its independent auditor had identified in its audit plan as "a significant risk of loss" to its customers. Similarly, Kraken has held at times more than $5 billion worth of its customers’ cash, and it also commingles some of its customers’ cash with some of its own.
Source
2️⃣ DOJ Is Seeking $4 Billion From Binance, Criminal Charges Against CZ ⚖️
The U.S. Department of Justice is reportedly seeking over $4 billion from Binance Holdings Ltd. as part of negotiations involving the potential settlement of its long-running criminal investigation over the crypto exchange’s alleged money laundering, bank fraud, and sanctions violation. Notably, the negotiations have also included the possibility of criminal charges against Binance's founder and CEO Changpeng Zhao.
Source
3️⃣ Tether Freezes $225M Linked to Human Trafficking Syndicate Amid DOJ Investigation 🧊
Stablecoin issuer Tether has reportedly frozen over $225 million worth of USDT across 37 wallets following an investigation by the U.S. Department of Justice (DOJ) into an international human trafficking syndicate in Southeast Asia. Notably, this is Tether’s largest-ever freeze of its stablecoin. The crime syndicate is related to the "pig butchering" scam.
Tether stated,
During a months-long investigative effort by Tether and OKX, U.S. law enforcement agencies, including the DOJ, were proactively alerted to the location of the illicit funds by analysing the flow of those funds through the blockchain.
Source
4️⃣ Japan’s Osaka Digital Exchange to Start Digital Securities Trading Next Month 🇯🇵
Osaka Digital Exchange (ODX) is reportedly planning to launch ‘START’ - a new digital securities trading platform on Dec. 25. Notably, ODX is made up of Japanese heavyweights from traditional finance, including SBI Holdings and Sumitomo Mitsui Financial Group (SMFG). START received regulatory approval on Nov. 16 from the country's financial watchdog. Japanese real estate firm Ichigo has already announced plans to sell about $20.1 million worth of securities backed by property investments with trading set to commence on Dec. 25 through the platform.
Source
5️⃣ Crypto Exchange Bittrex Global to Shut Down 🌄
Liechtenstein-headquartered crypto exchange Bittrex Global is reportedly planning to wind down operations and has asked all users to withdraw funds from the platform. Notably, the move follows the bankruptcy filing of its U.S. arm earlier this year. The exchange will reportedly suspend trading activity on Dec. 4th.
The company announced,
It is with great regret that we announce that Bittrex Global has decided to wind down its operations. This decision was not made lightly, and we understand the inconvenience it may have on our valued customers. All users are strongly encouraged to log into their accounts and withdraw assets as soon as possible.
Source
6️⃣ Fantom Foundation Awards $1.7M Bounty for Preventing $170M Drain 💰
🚨 New Video Alert!! 🚨
It’s been a wild week, and we’re here to break it down for you.
Of course, there’s be no shortage of FOMO in the crypto market lately. This has resulted in lots of leverage and lots of volatility.
What’s interesting is that most of this FOMO has been focused on BTC and select altcoins. Even with the spot Ethereum ETF applications, ETH just can’t seem to catch up.
At the same time, we’re seeing some interesting developments in the TradFi world, particularly the AI niche. OpenAI’s drama could spill over into the regular markets, and that could spill into crypto.
Watch until the end to find out why!
📣📣 MARKET MOVING NEWS! (20/11/23)
1️⃣ Bitcoin-Friendly Argentina Presidential Candidate Javier Milei Wins Election 🚀
According to a Bloomberg report, Javier Milei - Argentina’s Bitcoin-friendly Presidential candidate, won the country’s presidential run-off election on Nov. 19 as his opponent Sergio Massa conceded the race with almost 99% of the votes counted. Notably, at that point Milei had won over 55% of the votes, giving him a nearly 3-million-vote lead.
In the run-up to the election, Milei had addressed the country’s inflation problem by publicly voicing his criticisms toward the country’s central bank, referring to it as a scam and a “mechanism by which politicians cheat the good people with inflationary tax.” While he has not expressed any intention to make Bitcoin legal tender, he has previously referred to Bitcoin as a movement toward “the return of money to its original creator, the private sector.” Milei is expected to take office on Dec. 10.
Source
2️⃣ Atomic Wallet Asks to Toss Suit Over $100M Hack, Saying It Has ‘No US Ties’ ⚖️
The Estonia-based company behind Atomic Wallet has reportedly filed a motion to dismiss a class action suit seeking damages from a $100-million hack before a U.S. court, stating that the class action suit should have been filed in Estonia, where it’s based, instead of the United States.
Notably, the Estonian firm argued it has “no U.S. ties,” and its end-user license agreement required all litigation against it be filed in its home country of Estonia. The filing also pointed out that only one user in Colorado was allegedly affected. Further, it stated that the 5,500 allegedly affected Atomic users had agreed to its terms of service, which expressly disclaims liability for losses due to theft and limits damages to $50 per user.
Source
3️⃣ dYdX Raises Margin Requirements In Some Markets, Bans “Highly Profitable Trades” ❗️
Decentralised crypto exchange dYdX has reportedly increased margin requirements on several “less liquid markets.” The new measures are aimed at mitigating trading-related risks and follow the protocol’s recent $9 million spend to cover losses due to liquidation on its YFI market. Affected tokens include EO, ZRX, AAVE, ALGO, ICP, XMR, XTZ, ZEC, SUSHI, RUNE, SNX, ENJ, 1INCH, CELO, YFI, and UMA.
Source
4️⃣ Sam Altman, Former OpenAI CEO, Lands at Microsoft 🤖
According to a recent X post by Microsoft CEO Satya Nadella, OpenAI’s former CEO Sam Altman and President Greg Brockman will be joining Microsoft along with other former OpenAI staff members to lead a new advanced AI research team at Microsoft.
In a follow-up post directed at Altman, Satya stated,
I’m super excited to have you join as CEO of this new group, Sam, setting a new pace for innovation. We’ve learned a lot over the years about how to give founders and innovators space to build independent identities and cultures within Microsoft, including GitHub, Mojang Studios, and LinkedIn, and I’m looking forward to having you do the same.
Source
5️⃣ Santander Private Bank Introduces Bitcoin, Ethereum Trading for Clients in Switzerland 🏦
According to a CoinDesk report, Santander Private Banking International (part of Spanish financial services giant Banco Santander) is offering trading and investing services for BTC and ETH to its high-net-worth clients with Swiss accounts. The bank is also reportedly planning to increase the number of supported cryptocurrencies once they meet the bank’s screening criteria, over the next few months.
Notably, the service will only be provided upon client request through relationship managers, and the assets will be held in a regulated custody model in which the bank itself stores the private cryptographic keys in a secure environment. John Whelan, head of crypto and digital assets at Santander, stated,
🚀 Coin Bureau's Discord Server! 🚀
That's right, the Coin Bureau has a Discord server and we are slowly starting to open this up to the broader CB community 💯
The goal of this server is to give our followers the opportunity to not only interact with the CB team but also with other CB fans and followers.
Right now, the server will have limited channels / features as it's still a relatively new release. However, we plan to start sharing a lot more content and insights in these channels. We're also collaborating with other creators in the space so that they too can share their unique insights in this server.
There is also an exclusive members category for Coin Bureau Club subscribers. This has been live for almost 2 weeks and there are already some really high value discussions taking place
Want to join? Do so here 👇👇
▶️▶️▶️ https://go.coinbureau.com/cb-discord
🚨 New Video Alert!! 🚨
Are you looking to take your crypto investing game to the next level?
Then you need to get used to using on-chain indicators. These are some of the most fundamental measures of blockchain activity, value and movements and they are used by investors of all stripes.
In our video today, we take you through 10 of the most important indicators that you need to have in your toolbox.
Enjoy!
🚨Rally Report🚨
IMMUTABLE
The price of IMX has rallied by 17% in the past 24 hours.
WHY?!
🔎 The rally seems to be led by speculative trading activity by South Korean traders on Upbit. This is likely due to the recent bullishness surrounding GameFi coins.
📈 Over the past 24 hours, Upbit saw $54 million worth of IMX being traded, accounting for over 34% of IMX’s global trading volume. Notably, this seems to be almost twice the volume recorded by Binance in the same time frame.
If you want to buy or trade IMX, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
🚨Rally Report🚨
RENDER
The price of RNDR has rallied by 9% in the past 24 hours.
WHY?!
🎉 Voting for RNP-007 ended earlier today. RNP-007 seeks to add another compute client called FedML to the network. Investors are in support of the proposal since FedML enhances the development and monetisation of large language models and other generative AI applications.
🚀 Another bullish factor is that Binance Japan announced that it was planning to list RNDR on the platform on November 27th.
If you want to buy or trade RNDR, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
📣📣 MARKET MOVING NEWS! (17/11/23)
1️⃣ Aave Companies Rebrands to Avara, Acquires Ethereum Self-Custody ‘Family Wallet’ 🏦
Blockchain technology firm Aave Companies has reportedly rebranded to ‘Avara’ after acquiring Los Angeles-based web3 startup Los Feliz Engineering (LFE) and its flagship self-custodial Ethereum wallet, Family Wallet.
According to the press release, Avara will now be the parent company of Aave, Lens, the stablecoin GHO, Sonar and other brands. As part of the acquisition, Family Wallet founder Benji Taylor will join Avara as the senior vice president of product and design. The entire Los Feliz engineering team will join Avara as well.
Stani Kulechov, the founder and CEO of Avara (formerly Aave Companies), explained the rebranding by stating that the company needed a name to reflect its growing number of offerings to garner broader Web3 appeal. Kulechiv stated that “Avara” is a Finnish word that colloquially means “seeing more than you see.”
Source
2️⃣ Polygon Version of Bitcoin Ordinals Sends Gas Fees Skyrocketing 📈
Over the past 24 hours, layer-2 scaling network Polygon has seen a significant increase in gas fees as it experienced a record-breaking surge in daily transactions. The rise in transactions seems to come from users using an Ordinals-inspired token standard called ‘PRC-20’ to mint (inscribe) a token called POLS. At the time of writing, over 10% of the POLS’ 2.1 trillion total token supply has been minted by over 18,400 different owners.
Source
3️⃣ FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto ⚖️
U.S. Prosecutors have reportedly arrested three people - Zhong Shi Gao (31), Naifeng Xu (37), and Fei Jiang (41) for duping nearly a dozen financial institutions throughout the New York metropolitan area into crediting them more than $10 million in funds between 2018 and 2022.
The culprits reportedly tried to launder this money by converting it to crypto and moving it onto foreign crypto exchanges. All three have been charged with one count of bank fraud conspiracy, one count of conspiracy to commit wire fraud affecting a financial institution, one count of money laundering conspiracy and one count of aggravated identity theft.
U.S. Attorney Damian Williams stated,
These charges should serve as a warning to fraudsters and cybercriminals who think they can turn to cryptocurrency to hide their identities – together with our partner agencies, we will find you and hold you accountable for your crimes.
Source
4️⃣ CoinShares Obtains Right to Purchase Valkyrie's ETF Arm in Bid to Further US Expansion 💰
UK-based digital asset investment firm CoinShares has reportedly obtained the exclusive right to buy certain assets from the alternative asset management firm Valkyrie Investments, including the Valkyrie Bitcoin Fund awaiting U.S. approval.
CoinShares CEO, Jean-Marie Mognetti, explained the move stating,
The option to acquire Valkyrie is accelerating our expansion into the U.S. market and the deployment of our digital asset management expertise globally.
Source
5️⃣ Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain 🚀
DeFi platform Sushi is reportedly partnering with interoperability platform ZetaChain to explore the possibility of native Bitcoin swaps for its users across 30 different blockchain networks. Notably, the integration will include Sushi’s v2 and v3 automated market makers and Sushi’s cross-chain swap, SushiXSwap.
Jonathan Covey, a core contributor to ZetaChain, stated
We're aiming to empower bitcoin holders to engage with key DeFi primitives, such as trading, along with more sophisticated applications like lending and borrowing. Bitcoin is the largest liquidity pool, and there's a lot of opportunity for developers to involve that in all sorts of Defi applications.
Source
https://www.youtube.com/watch?v=QO-iK4PlkWw
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📣📣 MARKET MOVING NEWS! (16/11/23)
1️⃣ Jupiter Unveils Airdrop to Over 950,000 Wallets on Solana 💰
Jupiter, Solana’s largest DEX aggregator by swap volume, has announced a retrospective airdrop program to reward early users. The program will see 40% of Jupiter’s 10 billion tokens distributed to users across four phases. The first phase, which begins next week, will release one billion Jupiter tokens to users who have done a minimum of $1,000 in swap volume on the protocol. According to the announcement, over 955,000 wallets are eligible for the airdrop. As for the other three phases, the team stated that it will focus on rewarding new users.
Source
2️⃣ Philippines to Sell Tokenised Treasury Bond Next Week 🇵🇭
In a recent announcement, the Philippines Bureau of the Treasury revealed that it plans to raise 10 billion pesos ($180 million) through the sale of tokenised treasury bonds next week. Notably, the announcement follows a similar move by Hong Kong, which issued an 800 million Hong Kong dollar ($103 million) tokenised green bond in February.
The Bureau of the Treasury will reportedly offer the tokenised bonds to institutional buyers at minimum denominations of 10 million pesos with increments of 1 million pesos. These bonds will be issued by the state-owned Development Bank of the Philippines and the Land Bank of the Philippines and are valid for one year. Their final interest rate will be disclosed on the issuance date.
Source
3️⃣ South Korea’s Pension Fund Bags 280K Coinbase Shares: SEC Data 📈
According to local media reports, South Korea’s National Pension Service (NPS) has bought nearly $20 million worth of Coinbase (COIN) shares in the third quarter. Specifically, NPS bought a total of 282,673 shares at an average price of $70.5. This brings the total investment to $19.92 million. At a current valuation of $27.74 million (based on Coinbase’s last close on Wednesday), this brings the pension fund’s profit to roughly $7 million, or 39%.
Source
4️⃣ Paxos To Issue New USD-Backed Stablecoin in Singapore 🇸🇬
Paxos Digital Singapore Pte. Ltd - the Singapore subsidiary of crypto firm Paxos, has reportedly received in-principle approval from the Monetary Authority of Singapore to issue a USD-backed stablecoin that will comply with Singapore's recently finalised stablecoin regulatory framework. Notably, this makes Paxos the first company after XSGD-issuer ‘StraitsX’ to receive approval for a stablecoin from MAS.
Walter Hessert, the head of strategy at Paxos, stated
Global demand for the U.S. dollar has never been stronger, yet it remains difficult for consumers outside the U.S. to get dollars safely, reliably and under regulatory protections. This in-principle approval from the MAS will allow Paxos to bring its regulated platform to more users around the world.
Source
5️⃣ NYDFS Rolls Out Stricter Guidelines for Cryptocurrency Listings, De-listings 🔎
The New York State Department of Financial Services (NYDFS) has reportedly published new guidance on the listing and de-listing of cryptocurrencies from crypto exchanges. Notably, the new rules, which aim to beef up protections for crypto investors, are effective immediately.
Under the guidance, crypto firms are required to submit their coin listing and delisting policies to the NYDFS for approval. It also requires companies to give advance notice for token de-listings and to be more transparent with their customers about the reasons for removing support for cryptocurrencies they once listed.
Source
6️⃣ Binance, Thai Billionaire to Start Crypto Exchange Next Year 🚀
Gulf Binance Co. – a joint venture between global crypto exchange Binance and a unit of Gulf Energy Development, has reportedly obtained approval from the Thai Securities and Exchange Commission on Nov. 10 to commence operations in Thailand early next year. Notably, Gulf Energy is one of Thailand’s largest natural gas distribution companies and its founder Sarath Ratanavadi is the country’s second richest person with a net worth of about $10.6 billion
Source
With today’s guilty plea, Michel has admitted that he conspired with others to defraud consumers eager to participate in a new digital asset market. Our office is acutely aware that criminal actors are taking advantage of the constant pace of innovation in the digital asset space and the investing public’s desire to become involved in cryptocurrency to perpetrate large-scale frauds.
Source
https://www.youtube.com/watch?v=LEQJSuyj0Fg
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📣📣 MARKET MOVING NEWS! (22/11/23)
1️⃣ Binance Founder Changpeng 'CZ' Zhao Released on $175M Bond, Will Be Sentenced in February 👮♂️
According to court filings, former Binance CEO Changpeng Zhao (CZ) has been released from custody on a $175 million personal recognisance bond. In addition to the bond, CZ has reportedly posted $15 million held in a trust account by Davis Wright Tremaine and agreed to forfeit funds if he violates the terms of his release.
The terms of release include being present in the United States 14 days prior to his sentencing hearing which is scheduled for Feb. 23, 2024. at 9 a.m. Pacific Time. Other terms include regular restrictions on breaking the law, tampering with witnesses or victims or taking any non-prescribed controlled substances.
Source
2️⃣ Binance Saw $1 Billion In Net Outflows Over The Last 24 Hours 🏦
Following Binance’s settlement with regulators and CZ’s guilty plea, the world’s largest crypto exchange experienced a significant uptick in withdrawals. According to data from Defillama, Binance’s 24-hour outflows topped $1 billion as of 3:30 p.m. Hong Kong time on Wednesday. However, it doesn’t seem like the exchange will experience a bank run since data shows it sits on over $67 billion worth of tokens.
Source
3️⃣ Mt. Gox Creditors Offered Fresh Hope With New ‘Commencement Of Repayment’ Email 🧐
According to a recent email received by creditors of the defunct Bitcoin exchange Mt.Gox, Nobuaki Kobayashi - the trustee overseeing the Mt. Gox estate, is planning to start repaying some creditors “shortly” in cash.
The email stated,
The Rehabilitation Trustee plans to commence repayment to creditors shortly. The Rehabilitation Trustee is making efforts to commence repayments in cash within the 2023 calendar year. However, due to the large number of rehabilitation creditors who will receive repayment, the varying types of repayments, the different preparation and processing times required to make the repayment, repayments will continue into 2024. For these and other reasons, the specific timing of repayment to individual rehabilitation creditors is undetermined, and therefore, it will not be possible to provide advance notice to each rehabilitation creditor regarding the specific timing of their repayment.
Source
4️⃣ Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M ⚖️
According to a recent court filing, bankrupt crypto lender Genesis Global Capital has filed a lawsuit against crypto exchange Gemini to recover $689 million in preferential transfers allegedly made during the 90 days before Genesis filed for bankruptcy in January.
The filing claims that Gemini withdrew an “aggregate gross amount of no less than approximately $689,302,000” at the expense of other creditors and has asked the court to "correct this unfairness and return Defendants to the same position as Plaintiff’s other similarly-situated creditors.”
Source
5️⃣ SEC Recently Met With Grayscale For Spot Bitcoin ETF Listing, Memo Shows 🔎
According to a memo published by the U.S. Securities and Exchange Commission, executives from Grayscale Investments recently met with the SEC’s division of trading and markets to discuss details of its flagship Bitcoin trust, which it wants to convert to a spot Bitcoin exchange-traded fund (ETF).
Source
https://www.youtube.com/watch?v=evAJW38orgM
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According to a recently published blog post, the Fantom Foundation eliminated an additional vulnerability that could have allowed the hacker to drain $170 million following its $550,000 hack in October. Notably, the new vulnerability was identified by an unnamed security researcher who alerted the Fantom Foundation. The vulnerability was associated with a dormant admin token for Fantom’s ERC-20 FTM contract, which could potentially allow the attacker the ability to mint a portion of FTM tokens for themselves on Ethereum. The Fantom Foundation awarded the unnamed researcher $1.7 million in recognition of the contribution.
Source
https://www.youtube.com/watch?v=IdAEWQvEylQ
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The Swiss regulation related to digital assets is one of the first and most advanced in the world since it provides clarity and a comprehensive regulatory environment for our clients. As holding of crypto as an alternative asset class continues to expand, we expect that our clients prefer to rely on their existing financial institutions to be responsible for their assets.
Source
🚨Rally Report🚨
SYNTHETIX
The price of SNX has rallied by 22% in the past 24 hours.
WHY?!
🎉 The team announced the launch of Perp v3 on Base earlier today, this seems to have propelled its price to its highest level in over 15 months. Investors are bullish as Perp v3 is expected to bring new features such as multi-collateral, cross-margin, account-based access, and other liquidation upgrades.
🐳 On-chain data from Santiment also reveals that the announcement has spurred whale wallet activity, with the number of transactions with a value over 100K rising from three to ten in the past 24 hours.
If you want to buy or trade SNX, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
https://www.youtube.com/watch?v=ha-_sFEM0QE
Читать полностью…
📣📣 MARKET MOVING NEWS! (19/11/23)
1️⃣ dYdX Founder Claims Targeted Attack Led To $9M Insurance Claim 🥶
Decentralised exchange dYdX was reportedly forced to use around 40% ($9 million) of its insurance fund “to fill gaps on liquidations processes in the YFI market” after the Yearn.finance token dropped 43% on Nov. 17.
While the team has stated the insurance fund remains "well-funded" with the remaining $13.5 million, its CEO Antonio Juliano expressed concern about the incident stating,
This was pretty clearly a targeted attack against dYdX, including market manipulation of the entire $YFI market. We are investigating alongside several partners and will be transparent with what we discover. Even though no user funds were affected, we will also be conducting a thorough review of our risk parameters and making appropriate changes to both v3 and potentially the dYdX Chain software if necessary.
Source
2️⃣ Taiwanese Trading Firm Kronos Research Hacked For Estimated $25 Million: ZachXBT ❗️
According to on-chain sleuth ZachXBT, Taipei-based trading firm Kronos Research has lost over $25 million of Ether after an attacker gained unauthorized access to its API keys on Saturday. While Kronos described the losses as "not a significant portion of our equity," its subsequent pause on trading activity led to problems on Woo X, the exchange that was incubated by Kronos and on which Kronos serves as a key market maker.
However, Woo X published a statement stating that client funds were safe before announcing a temporary pause on certain asset pairs due to the loss of liquidity from Kronos's pause. Spot and perpetual trading and withdrawals have now resumed.
Source
3️⃣ Internet Computer App OpenChat To Test Facial Recognition 😶🌫️
OpenChat, a decentralised messaging app on the Internet Computer blockchain, is reportedly planning on testing facial recognition on the platform, The move is reportedly an attempt to encourage more virtuous discourse on the platform by eliminating bots and airdrop farmers.
OpenChat co-founder Matt Grogan stated,
Proof of humanity is one thing, and that’s relatively easy to do. What’s harder is proof of unique humanity. I can solve all sorts of proof of humanity tests but I could do it a hundred times over and get a hundred accounts. This is massive for this space, proof of unique humanity.
Source
📣📣 MARKET MOVING NEWS! (18/11/23)
1️⃣ Worldcoin Plummets as OpenAI Pushes Out Founder Sam Altman 📉
The price of the biometric-linked digital identity project Worldcoin’s WLD token has reportedly fallen by more than 15% after its CEO Sam Altman was removed from his position at OpenAI. Notably, the company stated the move follows a board review which cited a loss of confidence in his leadership due to a lack of candid communication from Altman affecting the board's responsibilities.
Source
2️⃣ Jump Spins Off Wormhole Project, Shrinking Its Crypto Business 🧐
According to a Bloomberg report, Jump Trading Group has parted ways with Wormhole to turn the cross-chain protocol into its own independent business. The move is part of the group’s efforts to reduce its exposure to the industry, driven in part due to U.S. regulatory uncertainty. Following the split, the workforce of Jump Crypto (the digital-asset unit of Jump Trading) has now dropped by roughly half since peaking at around 150 in 2022.
Source
3️⃣ Republic's Profit-Sharing Token on Avalanche Will Pay Investors VC Dividends 💰
Neo-investment and technology firm Republic has reportedly settled on Avalanche as its blockchain of choice for the launch of Republic Note (R/Note) - a soon-to-launch revenue-sharing tokenised security through which Republic plans to allow investors to earn returns from an investment portfolio. Notably, Republic will send holders a pro-rata share of up to 25% of the dividend pool every time it exits a particularly successful investment. According to Republic’s President Andrew Durgee, the firm has already sold $30 million worth of R/Note in a recently closed "pre-sale participation" from thousands of individual investors and institutions.
Source
4️⃣ Fidelity Files for Spot Ethereum ETF, Says Approval Would Be 'Major Win' For US Investors 🚀
Following rival firm Blackrock, asset management giant Fidelity has also filed for a spot ether ETF. The filing reveals that the ‘Fidelity Ethereum Fund’ would be listed by an exchange owned by Cboe Global Markets if approved. It also claimed that the approval of a Spot ETH ETP would represent “a major win for the protection of U.S. investors in the crypto asset space," as investors are reportedly facing significant risk without such products as they seek alternative, riskier ways to get exposure.
Source
5️⃣ ENS Developers Urge Unstoppable Domains to Drop Patents or Face Lawsuit ❗️
In an open letter shared on X (formerly Twitter), Nick Johnson, the founder and lead developer of Ethereum Name Service (ENS) threatened to file a lawsuit against blockchain domains company Unstoppable Domains if it refused to drop its recently awarded patent ‘US11558344’, which claims that Braden River Pezeshki, Matthew Everett Gould and Bogdan Gusiev are the inventors of a technology that uses blockchain technology to determine domains.
Johnson claimed the patent was “based entirely on innovations that ENS developed and contains no novel innovations of its own.” He claimed that all the ENS work was under open-source licenses, with all standards publicly available for implementation. Notably, Johnson’s letter stated that it wanted to ensure the integrity of open-source innovation as ENS wants a future with multiple naming systems instead of a monopolised cartel.
Source
🚨 Coin Bureau Portfolio Update! 🚨
Guy recently decided to make some adjustments to his portfolio, including picking up an altcoin he’s had his eye on. He shared this info with members of the Coin Bureau Club a couple of days ago.
That's because the Club now has a number of new features. One of these is the live Coin Bureau team portfolio tracker 💸
Over here you will be able to view not only Guy’s up-to-date portfolio, but also those of other key team members.
In addition to all of that, Coin Bureau Club subscribers get the following:
1️⃣ One weekly altcoin review as standard (small to midcap)
2️⃣ Opportunity to vote on the altcoins reviewed
3️⃣ Research feed straight from the CB team
4️⃣ Exclusive deals & discounts only for CBC members
5️⃣ Coin Bureau team watchlists, listing the cryptos they have their eye on
Finally, to top it all off, CB Club members will get exclusive beta access to our soon-to-be launched Discord server 💯
So, if this is the alpha that you seek, then don't delay. Become a member here 👇👇
➡️➡️ https://hub.coinbureau.com/
PS: Current prices are only for the first 1,000 users ⚠️
🚨Rally Report🚨
YEARN FINANCE
The price of YFI has rallied by 12% in the past 24 hours.
WHY?!
🔎 Data from Santiment reveals that new addresses holding YFI have been “exponentially increasing.”
🚀 Notably, the number of YFI transactions valued at more than $100,000 has also recently surged to its highest level since July 2022. This suggests that whales are taking an interest in YFI.
If you want to buy or trade YFI, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
🚨 New Video Alert!! 🚨
One of the biggest barriers to crypto is the high price tag that many coins and tokens have, and the belief that you need four or five figures to buy them or make a big profit.
In reality, you only need a few dollars to get started and crypto, and you can make millions with hundreds if you play your cards right. That’s what today’s video is all about.
If you’re investing on a budget, then this is one you’re going to watch until the end. Even if you’re not investing on a budget, the steps we detail will help you succeed in the crypto market.
Enjoy!
🚨Rally Report🚨
AVALANCHE
The price of AVAX has rallied by 23% in the past 24 hours.
WHY?!
🔎 JPMorgan’s blockchain arm ‘Onyx’ is reportedly collaborating with a suite of industry startups including Avalanche to create a proof of concept demonstrating how tokenisation can streamline and automate portfolio management.
🚀 Notably, the initiative comes under the Monetary Authority of Singapore's Project Guardian and will see a LayerZero protocol being used to connect Onyx Digital Assets with an Avalanche Evergreen subnet.
If you want to buy or trade AVAX, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
📣📣 MARKET MOVING NEWS! (15/11/23)
1️⃣ Crypto Custodian Hex Trust Obtains Full Dubai Operating License ❗️
Institutional-grade crypto custodian Hex Trust has reportedly obtained a full operating license from Dubai's Virtual Assets Regulatory Authority (VARA). Notably, the firm was initially approved for a minimum viable product (MVP) operational license in February. The new full license now allows the firm to offer crypto custodial services to institutional clients and sophisticated investors.
Filippo Buzzi, Hex Trust’s MENA regional director, stated
Hex Trust is fully committed to expanding into the Middle East and sees enormous potential for digital asset growth given the progressive regulations, welcoming governments, and thriving crypto ecosystem in the region.
Source
2️⃣ Disney Reveals NFT Platform with Dapper Labs, Including Star Wars and Pixar 🤩
Entertainment giant Disney has reportedly partnered with Dapper Labs to announce the launch of ‘Disney Pinnacle’ – an NFT marketplace built on layer-1 blockchain Flow for tokenised versions of its iconic cartoon characters including icons from Pixar as well as the Star Wars galaxy.
The platform will reportedly launch later this year on the Apple App Store for iOS, the Google Play Store for Android and on the web. Dapper Labs CEO Roham Gharegozlou stated,
Disney Pinnacle is an all-new product designed from the ground up to incorporate everything we’ve learned over the past few years. Fans anywhere will be able to collect dynamic pins on their phone and trade instantly and securely with each other no matter where they are in the world.
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3️⃣ Reddit Admins Set to Reduce Moons Supply by Over 30%, Token Surges 240% 📈
The price of ‘MOON’, the token affiliated with Reddit’s cryptocurrency subreddit, has more than doubled over the past 24 hours. Notably, the pump comes after Reddit admins announced that they were going to fully renounce control over the moons contract by the end of this month while burning over 30% of its total supply in the process.
Interestingly, a band of moderators posting under the ‘u/CryptoMods’ account have stated that they are planning to revive the project and continue it independently, including creating a series of developments that could accrue value to MOON tokens in the coming months.
Source
4️⃣ OKX Launches Ethereum Layer-2 Testnet Using ZK-Based Polygon CDK 🚀
Crypto exchange OKX has announced the launch of “X1” - a new Ethereum layer 2 network developed using the Polygon chain development kit (CDK) which will use zero-knowledge proofs to validate deposits and withdrawals between layers. Currently, OKX has launched the ‘testnet’ for X1 and plans to make the mainnet go live in the first quarter of 2024.
Notably, the announcement follows rival exchange Kraken’s announcement about its plans to create a layer 2 blockchain. Polygon’s CDK is also currently in the mix for consideration for Kraken’s layer 2. Commenting on whether OKX’s use of Ploygon’s CDK will deter Kraken from choosing it, Polygon Labs Chief Executive Officer Mark Boiron stated,
If anything, frankly, it should be more attractive, including to exchanges. You can look at all these chains as being competitive, or you can look at them as kind of being one. I fundamentally believe that if we can have the biggest ecosystem of chains that are all interoperable, then everyone that is part of that ecosystem is going to win.
Source
5️⃣ An NFT Rug Pull Scammer Has Finally Been Convicted, Faces Federal Prison 👮♂️
Aurelien Michel, the 25-year-old founder of the Mutant Ape Planet NFT collection, has reportedly pleaded guilty at a federal courthouse in Brooklyn to defrauding buyers in a rug pull that netted almost $3 million. according to the U.S. Attorney for the Eastern District of New York, he now faces up to five years in prison and has agreed to pay $1.4 million in forfeiture.
U.S. Attorney Breon Peace stated,