The MTG community has responded negatively to the news. Specifically, MTG card collector ‘notsofast’ tweeted that the user ZachXBT tracked likely purchased high-value vintage cards that are hard to come across. These ‘starter decks’ are reportedly "old, rare, and irreproducible” vintage products that have a very high price. The hacker's purchase of this set now potentially taints the majority of the remaining supply of those cards according to X user ‘notsofast.’
Source
🚨Rally Report🚨
POLKADOT
The price of DOT has rallied by 19% in the past 24 hours.
WHY?!
🎉 The rally is likely led by positive sentiments surrounding Polkadot’s upcoming major upgrade ‘Polkadot 2.0’. The upgrade is expected to replace the existing lease-based model for parachains with a more flexible pay-as-you-go system based on Core time or processing power. This is bullish for Polkadot as this could attract more projects to build on Polkadot.
🚀 Additionally, ‘Big Four’ accounting firm Deloitte recently announced that it will use the Polkadot-based Kilt blockchain to offer logistics and supply-chain services focused on the shipping industry. This could have also likely contributed to DOT’s positive price action.
If you want to buy or trade DOT, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
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📣📣 MARKET MOVING NEWS! (08/12/23)
1️⃣ LayerZero Says It's Targeting Token Launch for First Half Of 2024 🚀
The developers of the blockchain interoperability protocol LayerZero have confirmed their plans to issue a token sometime in the first half of 2024. Notably, the confirmation comes after months of widespread rumours and speculation.
The project stated,
LayerZero has always been built with the ability to have a native token within the protocol, as can be seen in the immutable code launched on day 1. We’ve heard the community discussion over the last few months and the lack of clear communication around this. We’ll state now in no uncertain terms that there will be a LayerZero token. Its distribution is something we’re committed to getting right and expect it to happen within the first half of 2024.
Source
2️⃣ Binance Founder CZ Must Stay In US Until Sentencing, Judge Orders ⚖️
Seattle district court Judge Richard Jones has reportedly ordered Binance founder and former CEO Changpeng Zhao (CZ) to stay in the U.S. until his sentencing in February next year.
The judge stated,
The defendant has articulated justifications that in most cases would cause the government’s motion to be denied. However, a critical feature of the government’s motion is the extent of the defendant’s enormous wealth and absence of an extradition treaty with the UAE. In addition, the defendant’s family resides in the UAE and there is no indication he has any other ties to the United States. While the defendant has indicated he will be asking for a lesser sentence, the government has indicated it may be asking for as much as 18 months of incarceration. Consequently, the defendant is not facing an insignificant sentence.
Source
3️⃣ Auction House Sotheby's Announces First Sale of Bitcoin Ordinals Collection 🖼
Auction house Sotheby's has announced the beginning of its first Bitcoin Ordinals sale via an online-based auction running from Dec. 6 to Dec. 13. Specifically, the auction will feature three items from the BitcoinShrooms collection of 222 works.
Notably, the BitcoinShrooms collection is an Ordinals project by pseudonymous artist Shroomtoshi. It consists of a series of pixel art pieces that reference Bitcoin's history and underlying principles, including memes and technical concepts. The three pieces of the collection featured in the auction are: “S" - a Shroom sporting the letter S on its head, short for "self-sovereignty," "The Sovereign Individual," a Shroom that references the 1998 book by William Rees-Mogg and James Dale Davidson, and "BIP39 Seed," an avocado seed character named for the cryptographic standard for generating seed phrases.
Source
4️⃣ Montenegro Plans to Extradite Fallen Crypto Tycoon Do Kwon to U.S. ✈️
According to a Wall Street Journal report, Montenegro’s Justice Minister Andrej Milovic has privately stated that he plans to send Do Kwon to the U.S. rather than South Korea to face criminal charges. Notably, the development comes weeks after a Montenegro high court approved the extradition of Do Kwon. However, it appears that Milovic will not announce his decision until the country’s courts rule on a last-ditch appeal by Kwon against the court ruling.
Source
5️⃣ Sam Altman-Backed Meanwhile Group Starts Bitcoin Private Credit Fund for Institutional Investors 💰
‘Meanwhile Group’, a Bitcoin-focused financial services company backed by OpenAI CEO Sam Altman, has reportedly started a Bitcoin private credit fund via its investment management subsidiary Meanwhile Advisors. The fund, called ‘Meanwhile Private Credit Fund LP’, reportedly aims to entice institutional investors in part by offering a "conservative" 5% yield denominated in bitcoin. The yield will reportedly be generated by lending Bitcoin to borrowers.
Zac Townsend, co-founder and CEO of Meanwhile Group, stated
📣📣 MARKET MOVING NEWS! (07/12/23)
1️⃣ Worldcoin Launches Grant Program, Outlines Decentralisation Plans 👁
Worldcoin, the crypto project co-created by OpenAI CEO Sam Altman, announced the launch of a $5 million community grants program called “Wave0” while outlining plans to decentralise the network yesterday. The Worldcoin Foundation stated that its focus on decentralisation is to ensure the project becomes “part of the global digital infrastructure” by being as “robust, widespread and neutral as the internet itself.”
Remco Bloemen, head of blockchain at Worldcoin, stated
One of the sexiest items in the grants program is to become a second manufacturer of orbs and spin up an entire factory. One step further would be that you actually design your own orbs in-house.
Source
2️⃣ Crypto Exchange Bitzlato Co-Founder Pleads Guilty to U.S. Money Transmitter Charge 👮♂️
Anatoly Legkodymov, the Russian co-founder of Hong Kong-registered virtual currency exchange Bitzlato, pleaded guilty to money laundering crimes in a New York court on Wednesday. Specifically, the prosecution accused Bitzlato of being an unlicensed money transmitter that processed funds from ransomware attacks, illicit drug deals and other crimes. Along with his guilty plea, Legkodymov has "agreed to dissolve Bitzlato" and release claims over some $23 million in seized assets.
United States Attorney Breon Peace stated,
Legkodymov’s guilty plea today confirms that he was well aware that Bitzlato, his cryptocurrency exchange, was being used like an open turnstile by criminals eager to take advantage of his lax controls over illicit money transactions. The defendant may have thought he was operating from a safe haven overseas for his ‘No Questions Asked’ clearinghouse, but this prosecution and conviction demonstrate otherwise.
Source
3️⃣ Judge Accepts Binance CEO CZ’s Guilty Plea, With Sentencing In Feb 🧐
Judge Richard Jones of the U.S. District Court for the Western District of Washington, has reportedly accepted Binance founder Changpeng "CZ" Zhao's guilty plea to one count of violating the Bank Secrecy Act. However, the judge has yet to decide whether he can leave the United States before his February sentencing date.
The judge ruled,
This Court, having considered the Report and Recommendation of the United States Magistrate Judge, to which there has been no timely objection ... hereby accepts the plea of guilty of the defendant ... the defendant is adjudged guilty of such offense. All parties shall appear before this Court for sentencing as directed.
Source
4️⃣ JPMorgan's Jamie Dimon and Sen. Elizabeth Warren Team Up to Bash Crypto ❗️
In a Senate Banking Committee hearing yesterday, JPMorgan Chase CEO Jamie Dimon once again publicly proclaimed his opposition to the crypto industry by announcing that would “shut down crypto”, if he was the government. Dimon argued that the crypto industry gets to "move money instantaneously" without going through the regulatory conduits required by bankers, including sanctions and money-laundering controls. He stated that this makes crypto the primary asset for criminal activities.
Source
5️⃣ Terraform Labs Asks Judge to Let Jury Decide If UST And LUNA Tokens Are Securities ⚖️
Terraform Labs, the creator of UST and LUNA, has asked New York Judge Jed Rakoff to let a jury decide the regulatory status of the tokens. Specifically, Terraform Labs lawyer David Kornblau stated that a jury should decide “whether or not the SEC has met its burden to prove” that UST, LUNA wLUNA, and MIR tokens are securities. Kornblau pointed at the precedent of Audet vs. Fraiser, a 2021 case where a jury decided that four cryptoassets were not securities. However, the Securities and Exchange Commission insists the matter should be decided by the judge and argued that a jury almost never decides whether something is an investment contract or not.
Source
💊 Have Some of These Pills 💊
For those of you who are in our Discord server, you will have seen that we have started a "Unique Insights" channel where some top tier crypto educators share their daily alpha.
Well, one of those contributors was Eloisa from the Crypto Pills Telegram channel.
This channel is a hidden gem in the crypto space and the whole Coin Bureau team has been following it for a long time.
As such, we thought it was important to share this alpha with our Telegram subscribers here.
Be sure to check out the Crypto Pills channel today.
Follow here 👉 /channel/crypto_pills
🚨 New Video Alert!! 🚨
Making money in crypto is one thing - keeping it is an entirely different affair.
That's why if you want to make sure that you hold onto your crypto gains, you have to make sure that you avoid some of these most common crypto mistakes. Mistakes that even some of the most seasoned crypto veterans can make.
That's exactly what we cover in our video today.
So, if you want to avoid painful losses in crypto, this is a vid you can't miss!
📣📣 MARKET MOVING NEWS! (06/12/23)
1️⃣ SEC Delays Grayscale Ethereum ETF, Confirms Receipt of BlackRock ETH Fund 📅
According to recent filings, the U.S. Security and Exchange Commission needs more time to evaluate a rule change that would allow Grayscale to convert its Ethereum trust into an Ethereum spot ETF. The regulator has extended its timeline for a decision on the proposed fund by 45 days to Jan. 25, 2024.
Notably, the decision comes just two weeks after the SEC delayed another separate request from Grayscale to evaluate its proposal for an Ethereum futures ETF whose application was submitted in September. Coincidentally, amidst the SEC’s decision to extend timelines, the regulator received notice from investing giant BlackRock that its pending Bitcoin spot ETF has already drawn $100,000 in seed funding from an undisclosed investor.
Source
2️⃣ Coinbase Rolls Out Money Transfers Via Links Sent On WhatsApp, TikTok And Instagram 💰
Users of U.S.-based crypto exchange Coinbase’s wallet service can now reportedly send money to each other by sending links through messaging apps like WhatsApp, iMessage, and Telegram, in addition to social media platforms such as Facebook, Snapchat, TikTok and Instagram. The service also allows users to send money to others even if they are located in other countries, with all settlement of transfers being instant and free of charge. Coinbase also stated that if funds are sent and not retrieved within two weeks, the money will automatically be returned to the sender.
Source
3️⃣ House's McHenry Says He Won't Seek Reelection, Costing Crypto a Top Ally ❌
Rep. Patrick McHenry, the current chairman of the House Financial Services Committee that has been leading crypto legislation efforts in the House, has announced that he will be retiring from Congress at the end of his current term in January 2025.
Notably, McHenry led efforts to advance crypto legislation out of his committee during the summer, including one regulating stablecoins at the federal level and another taking a comprehensive approach to crypto's market structure. Both these bills are facing potential House floor votes next year. Though McHenry will be around when these bills are expected to be considered for approval, his upcoming departure triggers some uncertainty for these two key crypto bills since such an announcement can sometimes diminish his or her authority in negotiations.
Source
4️⃣ Coinbase NFT And OpenSea Respond After Thirdweb Vulnerability Disclosure ❗️
Web3 developer platform Thirdweb recently disclosed a major security vulnerability that affects multiple NFT collections that used pre-built smart contracts it provided. However, the firm has not clarified which specific collections may be impacted.
Both - NFT marketplace giant OpenSea and Coinbase NFT, have issued statements addressing the recent vulnerability discovery. Specifically, both entities have stated that the vulnerability affects some of the collections on the platforms and that they are working with the affected collections to mitigate security issues.
Source
5️⃣ Ankr Launches Rollup-As-A-Service For zkSync Hyperchains 🚀
Web3 infrastructure provider Ankr, in collaboration with Matter Labs, has reportedly launched Rollup-as-a-Service support for zkSync Hyperchains on testnet built using the ZK Stack. The service reportedly enables developers to customise and deploy scalable and secure independent Layer 2 chains for their decentralised applications more easily. Notably, Ankr claims to be the first to release such a service.
Source
6️⃣ IBM Introduces New Cold Storage Tech for Crypto Assets 🔏
IBM has reportedly released a cryptographic signing technology called Hyper Protect Offline Signing Orchestrator (OSO) for handling digital assets in cold storage. The new technology reportedly helps protect high-value transactions by offering additional security layers, including disconnected network operations, time-based security and electronic transaction approval by multiple stakeholders.
📣📣 MARKET MOVING NEWS! (04/12/23)
1️⃣ Bitcoin Hits $41,000 for First Time Since April 2022 📈
For the first time since April 2022, the price of Bitcoin (BTC) has moved past the $41,000 mark. Notably, Bitcoin's recent rally has been fuelled by industry-wide anticipation of spot Bitcoin ETFs, as the SEC's recent request for comment from the public shows the agency is on an accelerated timeline regarding the Bitcoin ETF approval. Interestingly, Bitcoin's current price represents a 15% climb over the past 30 days, with the price of the coin more than doubling since this time last year.
Source
2️⃣ Mantle Releases Liquid Staking Protocol, Expanding Beyond Layer-2 Operator 🚀
Mantle, the DAO-led blockchain developer associated with a $2.3 billion treasury, has reportedly launched a new liquid-staking protocol known as Mantle LSP on Ethereum. According to the announcement, Mantle LSP will be the second core product of the Mantle ecosystem. Jordi Alexander, the chief alchemist at Mantle, has stated that they want Mantle LSP to be “the third-largest eventually after Lido and Rocket Pool.”
Alexander stated,
The concentration of ETH staking is a result of network effect through a feedback loop of increasing name recognition and use case. By focusing on mETH’s adoption in LSDfi both in the Mantle ecosystem and beyond, and its capital efficiency in maintaining the highest sustainable yield, Mantle LSP intends to be a part of the solution by creating more options for users.
Source
3️⃣ Platy Platypus Finance Hackers Cleared of Criminal Charges ⚖️
According to local media reports, Mohammed and Benamar M – the men responsible for the $8.5 million hack of Platypus Finance in February 2023, have been cleared of criminal charges by a French court. Notably, the hackers were arrested by French authorities just one week after the hack due to information from crypto sleuth ZachXBT and Binance.
The defendants were reportedly acquitted after Mohammed argued that he was an "ethical hacker" who exploited the protocol in hopes of receiving a 10% bonus and had planned to return the funds to the protocol later. Additionally, the judges in the tribunal found that the charges related to unauthorized access of a computer system did not apply since Mohammed was accessing a publicly available smart contract. Furthermore, the court also found that Mohammed's actions did not constitute fraud and therefore the charges related to money laundering and receiving stolen goods were also dropped.
Source
4️⃣ Standard Chartered-Backed Zodia Custody Joins Ripple-Owned Metaco’s Global Crypto Storage Network 🤝
Zodia Custody, a cryptocurrency storage provider backed by Standard Chartered, is reportedly joining institutional custody specialist Metaco's network. According to Zodia Custody CEO Julian Sawyer, the reason for integrating with Metaco’s network is to offer global sub-custody.
Sawyer stated,
I think of this as the third generation of crypto custody, where multiple custodians are linked together. For example, a client in Brazil, who is a custodian, may want to store some assets in the UK, and they're not currently in the UK. So they could use us as their sub-custodian and use our regulatory permissions, etc. I think the multiple networks that are out there are really key in terms of linking custodians together, and linking custodians to exchanges and venues in a compliant manner.
Source
5️⃣ Osmosis And UX Chain Propose Merger Within Cosmos Ecosystem 🔎
According to a report by The Block, Cosmos’ largest decentralised exchange ‘Osmosis’ and lending protocol UX Chain are proposing a merger. Under the merger, UX Chain’s lending logic will be integrated with Osmosis’ decentralised exchange to create a comprehensive DeFi hub. If approved, the process will begin with integrating UX Chain’s codebase into Osmosis Chain, combining their capabilities and total value locked. This merger could also result in the creation of a unified token.
Source
🚨 New Video Alert!! 🚨
How high will BTC go when the spot Bitcoin ETF is approved?
This is the question that everyone has been wondering, and it seems that Glassnode might have the answer.
In a recent report, the on-chain analytics company estimated that Bitcoin spot ETFs could see tens of billions of dollars of inflows, and this could have a multiplier effect on BTC given its restricted supply.
The catch is that these inflows may not come all at once, and there could also be outflows, notably from holders of Grayscale’s GBTC who have been itching to make a profit on the ETF conversion.
Watch until the end to see how these factors could affect BTC’s price!
🚨Rally Report🚨
IOTA
The price of IOTA has rallied by 24% in the past 24 hours.
WHY?!
🎉 The rally follows improving investor sentiment for the token following a recent spate of bullish developments.
🚀 Notably, this includes the launch of the ‘Iota Ecosystem DLT Foundation’ – an entity that will focus on the growth of its distributed ledger technology (DLT) in the Middle East region. The foundation will reportedly be seeded with more than $100 million worth of IOTA tokens that will vest over the next four years. IOTA also stated that it plans to become fully compatible with the Ethereum Virtual Machine (EVM) in the first quarter of next year.
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🚨 Don't Forget Our AMA 🚨
The very first Coin Bureau Discord server AMA will be starting in a little over an hour!
Already there are quite a few juicy questions to answer and we hope to be able to answer all of them.
See you guys there!
https://discord.com/events/1166397162712739930/1180092806665076787
📣📣 MARKET MOVING NEWS! (01/12/23)
1️⃣ AntPool Agrees to Refund Record $3 Million Bitcoin Transaction Fee 🤝
Bitcoin miner AntPool has reportedly agreed to refund the $3 million transaction fee that it processed last week. Notably, a Bitcoin user claiming to be the victim of the $3 million transaction fee, stated the high transaction fee occurred as a result of a hacker attempting to steal their funds.
Antpool stated,
On November 23rd, some user submitted 83 BTC as a gas fee. The risk control system of AntPool temporarily froze the fee when packaging the transaction. Please contact us before 00:00 (UTC+8) on December 10, 2023 and verify personal identity. After verification, AntPool will refund the fee.
Source
2️⃣ KyberSwap Hacker Demands Complete Control Over Kyber Company ❗️
The hacker behind the recent $47 million exploit of KyberSwap sent an outrageous on-chain message yesterday outlining their conditions for the return of the stolen funds. Notably, the hacker's list of demands included “complete executive control” over the Kyber company, temporary full authority and ownership of its governance mechanism, the KyberDAO, all documents related to the company, and all of the Kyber company’s assets.
In exchange, the hacker promised to buy out the company’s executives at a fair valuation, double the employees’ salaries, and give a 12-month severance with full benefits and assistance in finding new careers to anyone who didn’t want to stay under the new regime. Additionally, the hacker also promised to give Kyber a complete makeover transitioning it into an “entirely new cryptographic project.” The hacker provided the Kyber team time until Dec. 10 to respond, post which the “treaty falls through.”
Source
3️⃣ 'Munger' Coin Soars Then Crashes After Billionaire Charlie Munger's Death 📉
The recent passing of Charlie Munger – the former vice chairman of Berkshire Hathaway and Warren Buffett’s right-hand man has resulted in a namesake memecoin ‘MUNGER’ being minted 15 minutes after the billionaire crypto-hater’s death.
According to data from GeckoTerminal, the Ethereum-based MUNGER token quickly pumped by more than 31,000%, and has since crashed 97.6% in value to a current valuation of $0.00000002856. Notably, the crash followed details emerging around the token's smart contract, which had erroneous functions programmed that allowed developers to restrict the sale of the asset.
Source
4️⃣ MicroStrategy Bought $600M of BTC in November, Increased Holdings by 10% 💰
Microstrategy, the largest corporate holder of Bitcoin, reportedly purchased an additional 16,130 Bitcoin ($593.3 million) at an average price of $36,785 per token in November. Notably, the recent purchase bolsters its BTC holdings by 10%, bringing the total BTC held by the company to 174,540 BTC, each acquired at an average price of $30,252.
Source
5️⃣ Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges 🇧🇷
The Brazilian Senate has reportedly approved new income-tax regulations that could see citizens paying up to 15% on earnings from cryptocurrencies held on international exchanges. The bill has been approved by the Chamber of Deputies and is currently awaiting approval from President Luiz Inacio Lula da Silva. If approved, the new law could be effective as of Jan. 1. Specifically, the new laws only affect Brazilians earning more than $1,200 from foreign exchanges and investment funds with a single shareholder.
Source
🚨 Join Us For a Live AMA!! 🚨
That's right, a completely open AMA for all Coin Bureau fans. Guy & some of the Coin Bureau team will be hosting an event in the Coin Bureau discord server.
This will be to answer as many of your questions as possible. From crypto to macro, from YouTube to the Coin Bureau Club.
So, if you want to join, be sure to hop into our Discord server beforehand. It will be held tomorrow, Saturday at 5:30pm GST which is 1:30 UK time.
See you there 👉 https://discord.com/events/1166397162712739930/1180092806665076787
🚨 New Video Alert!! 🚨
Big Banks are Bullish on Bitcoin.
That's right, the increasing institutional shift of large TradFi giants into the crypto space is something to behold. For example, at the exact time that Jamie Dimon is speaking about the ills of crypto on Capitol Hill, his bank is building blockchains and investing in crypto companies.
But he is not alone. Numerous large financial firms and bulge bracket banks have been developing their crypto offerings in anticipation of the upcoming bull market and beyond.
In our video today, we update you on this institutional shift and explain exactly what it could mean for the crypto market.
Enjoy!
📣📣 MARKET MOVING NEWS! (09/12/23)
1️⃣ U.S., South Korea, Japan Discuss North Korean Crypto Thefts in Trilateral Meeting 🧐
In a recent trilateral meeting held in Seoul, South Korea, U.S. National Security Advisor Jake Sullivan, Republic of Korea National Security Advisor Cho Tae-Yong and Japan National Security Advisor Takeo Akiba, reportedly discussed the Democratic People's Republic of Korea’s (official name for North Korea) ongoing weapons of mass destruction program financed by the theft of digital assets such as cryptocurrencies. The three officials also discussed North Korea's relationship with Russia.
The White House readout stated,
The National Security Advisors reviewed progress on a wide range of trilateral initiatives, including the Commitment to Consult on regional crises, the sharing of ballistic missile defense data, and our collective efforts to respond to the DPRK’s use of cryptocurrency to generate revenue for its illicit WMD programs.
Source
2️⃣ Crypto Provisions Dropped From 2023 U.S. Defense Bill ⚖️
According to lawmakers from the U.S. House and Senate, two crypto provisions addressing anti-money-laundering concerns were dropped from a joint version of the National Defense Authorisation Act (NDAA) - a military-funding bill viewed as must-pass legislation.
Specifically, the dropped provisions sought to create an anti-money-laundering examination standard for crypto assets and a report analyzing the use of privacy coins or other "anonymity-enhancing technologies" in crypto. The House of Representatives version of the NDAA did not contain the provisions that the Senate version did.
Source
3️⃣ Ethereum Layer-2 Starknet Reveals STRK Token Airdrop 💰
In a recently published tweet, the Starknet Foundation, the governing body behind the Ethereum Layer 2 network Starknet, confirmed rumours about a potential airdrop of its STRK token. Specifically, the organisation stated that it plans to start allocating over 1.8 billion STRK tokens "soon" to community members and stakeholders.
While complete details about the airdrop are yet to be revealed, the organisation stated that approximately 900 million STRK tokens have been allocated to “reward past and future contributions by users and community members,” while another 900 million STRK will go towards user rebates. The organisation further revealed that in addition to the initial 1.8B STRK tokens, another 50 million STRK tokens will be used to incentivise DeFi activity on Starknet.
Source
4️⃣ VanEck's Proposed Spot Bitcoin ETF Gets 'HODL' Ticker in New Filing With SEC ❗️
According to an amended Form S-1 filing, investment manager VanEck will be using the ticker symbol “HODL” for the proposed VanEck Bitcoin Trust.
The community received news of the new ticker symbol positively. Nate Geraci, president of The ETF Store stated,
I like this play…retail who knows crypto space will love the ticker. Boomers will have no idea what it means, so won't attract negative attention on advisor statements (plus a lot of advisors preach 'HODL' in other asset classes anyways).
Source
5️⃣ Uranium Finance Hacker May Have Cashed Out Via 'Magic: The Gathering' Cards, ZachXBT Says 🔎
According to on-chain sleuth ZachXBT, the hacker behind the 2021 exploit of Uranium Finance may have used "Magic: The Gathering" trading cards to try and launder their loot after running it through the Tornado Cash mixing service.
Specifically, ZachXBT states that the hacker withdrew 11,200 ETH over the past year from Tornado Cash in 100 ETH increments. They then swapped the ETH for wrapped ETH (WETH), transferred it to a new address, swapped it for USDC and then used some of it to buy "Magic: The Gathering" (MTG) trading cards in an attempt to obfuscate funds.
A thriving Bitcoin economy is inevitable, but to realize this future and maximize its potential, robust capital markets are essential. This private credit fund offers unparalleled potential for institutional investors to unlock the full value of their BTC holdings without compromising their ownership, seizing a unique opportunity for optimized returns.
Source
🚨Rally Report🚨
BONK
The price of BONK has rallied by 29% in the past 24 hours.
WHY?!
🎉 BONK is Solana’s top memecoin. As a result, Solana’s impressive rise has resulted in a mirror performance for BONK.
🚀 Notably, BONK’s price performance over the past week has now secured its position as the third-largest dog-themed token, trailing only behind DOGE and SHIB.
If you want to buy or trade BONK, 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🚨
BEAM
The price of BEAM has rallied by 9% in the past 24 hours.
WHY?!
🎉 Merit Circle, the entity behind gaming-focused Avalanche Sub-net ‘Beam,’ announced that it was going multi-chain by partnering with both Immutable and Polygon Labs.
🚀 With the partnership, Merit Circle’s Beam SDK, Beam Companion iOS and Android apps, and gaming marketplace ‘Sphere’ will now be compatible with both Avalanche and Immutable zkEVM. Additionally, the Immutable Passport crypto wallet and Immutable Orderbook developer tool will also be integrated into the Beam SDK and Sphere as options for users and blockchain game developers.
If you want to buy or trade BEAM, 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/
Adrien Treccani, the CEO of Metaco – a company that is using the new OSO tech, stated
IBM’s confidential computing division has been a reliable partner throughout the years, and we are pleased to complement Metaco’s catalog of institutional cold storage solutions with the unique air-gapped cold storage that OSO enables, especially as cold storage requirements are increasingly being stipulated by regulators in markets such as Singapore, Hong Kong and Japan.
Source
🚨Rally Report🚨
HELIUM
The price of HNT has rallied by 60% in the past 24 hours.
WHY?!
🎉 Crypto-powered wireless phone service Helium Mobile launched a nationwide plan in the U.S. with unlimited data, text and calls that cost just $20 a month.
🚀 Notably, the nationwide launch comes after a successful trial launch in Miami in August. The Miami launch featured an attractive $5/month unlimited plan for the same services. Both new and existing subscribers located in Miami can still get the same service for $5/month.
If you want to buy or trade HNT, 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!! 🚨
This week’s crypto review is a special one.
That’s because crypto prices are approaching their highest levels in over a year, and the market could be on the brink of switching from bear to bull.
Believe it or not, but this month could be the month that altcoins start to rally. This depends on what BTC does, but what ETH has been doing suggests that the true rotation into alts could start soon.
At the same time, there are regulatory concerns in the background that could contribute to the correction that will inevitably come. But with crypto and macro tailwinds, looks like it’s up only for now.
All that and more in today’s video!
📣📣 MARKET MOVING NEWS! (03/12/23)
1️⃣ Arbitrum DAO Approves $23 Million 'Backfund' For Projects That Missed Initial Grant 💰
The Arbitrum DAO has reportedly voted to approve a proposal that seeks to disburse 21.1 million ARB tokens ($23.5 million) into projects that were approved for a grant under its Short-Term Incentive Program (STIP) but failed to receive the funds due to the program's initial 50 million token budget. Notably, the proposal passed with a two-to-one ratio of votes in favour vs against.
With the passing of the proposal, the total budget of the STIP program has now increased to 71.1 million ARB tokens, with 26 additional projects now receiving grants, with the largest being Gains Network at 4.5 million tokens ($5 million). The additional funds will be dispersed following a three-day waiting period.
Source
2️⃣ Velodrome, Aerodrome Websites Compromised For Second Time In Days ❗️
The frontend domains of decentralised exchanges Velodrome and Aerodome, which operate on Optimism and Base respectively, have reportedly been compromised once again. Notably, the previous such compromise occurred just days ago on Nov 29th. While both teams stated that access to the domains was restored within hours, on-chain sleuth ZachXBT pegged the loss of user funds at $100K in value. Both teams also stated that the domains were now locked at the “TLD level pending transfer to a new provider."
Source
3️⃣ KyberSwap Plans to Offer Victims Treasury Grants After $48.8 Million Exploit 🤔
In a recent statement, the KyberSwap team announced that it will provide monetary relief to victims of the recent exploit by offering grants from the protocol’s treasury as per its terms of use. Specifically, victims who lost funds due to the exploit will be given a grant from KyberSwap for an "amount up to the USD value of such funds at the time when such funds were drained from their respective liquidity pools."
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📣📣 MARKET MOVING NEWS! (02/12/23)
1️⃣ Binance’s VIP Traders Got Sneak Peek of Record US Crypto Penalty 🔎
According to a Bloomberg report, news of crypto exchange Binance’s $4.3 billion settlement with the SEC was shared beforehand with some of the exchange’s “VIP” traders at a luxurious private dinner during a conference in Singapore this September. While former CEO Changpeng Zhao was reportedly absent at the event, the firm’s current CEO Richard Teng was there mingling with the guests, as per the accounts of several attendees, who asked not to be identified discussing the private gathering.
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2️⃣ Ukraine Seizes $1.5 Million Worth of Crypto from Former Public Official 👮♂️
The National Anti-Corruption Bureau of Ukraine (NABU) has reportedly seized crypto assets worth $1.5 million from Yuriy Shchigol, Ukraine's former head of the State Special Communications Service. Specifically, NABU seized 6.9 BTC, 1.2 million USDT, and 331 TRX from Shchigol.
The agency had reportedly been investigating the former public official for allegedly misappropriating government funds worth about $1.8 million. NABU stated that Shchigol and his deputy, Victor Zhor, siphoned state money allocated to purchasing equipment and software before converting the proceeds to cryptocurrency.
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3️⃣ Jupiter Reveals Airdrop Allocations for Solana DeFi Users 💰
Solana-based DEX aggregator Jupiter has reportedly launched the initial claims portal for its JUP token airdrop. Users can now connect their wallets to the portal on Jupiter’s website and check how much JUP they are eligible to claim. However, it is not yet clear when the actual claim process will begin.
According to the company, all Jupiter users who’ve met the basic requirement will receive 200 JUP regardless of their trading history. Specifically, the first phase of the airdrop requires users to have done a minimum of $1,000 in swap volume on the protocol by the snapshot date of Nov. 2.
Among these users, “OGs” who held at least $10 on the platform or made at least 10 transactions before March 2022 will receive an additional 500 JUP. From there, the bulk of a user’s JUP allocation will be determined by factors including their trading volume on Jupiter and the consistency of their use of the site.
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4️⃣ U.S. Judge Warns SEC Over 'False and Misleading' Request in Crypto Case ⚖️
According to recent court filings, U.S. District Judge Robert Shelby of the U.S. District Court in Utah warned attorneys representing the Securities and Exchange Commission of facing punishment for allegedly convincing the court to freeze a crypto firm's assets under "false and misleading" pretences.
Specifically, the SEC attorneys made "misleading" arguments about crypto project Debt Box's alleged efforts to transfer its assets and investors' funds overseas, leading the court to freeze the project's bank accounts. Judge Shelby warned the attorneys stating that the SEC's "misrepresentations… undermined the integrity of the case's proceedings," in addition to causing Debt Box "irreparable harm.”
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5️⃣ Grayscale Setting Up for Bitcoin ETF Race by Hiring Industry Veteran from Invesco ❗️
Crypto asset manager Grayscale has reportedly hired former Invesco Head of Americas John Hoffman to lead its distribution and partnerships team. Notably, the move comes just six weeks ahead of the SEC’s potential decision regarding whether the company will be allowed to launch a spot BTC exchange-traded-fund.
Grayscale Global Head of ETFs Dave LaValle stated,
The Grayscale team is thrilled to have John Hoffman join us as Managing Director and Head of Distribution and Strategic Partnerships. John has a wealth of industry and ETF expertise, which will be invaluable to our team and clients, especially during this exciting time at Grayscale.
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🚨Rally Report🚨
TERRA CLASSIC
The price of LUNC has rallied by 22% in the past 24 hours.
WHY?!
🎉 The rally comes after crypto exchange Binance burned approximately 4 billion Terra Classic tokens in the 16th batch of the LUNC burning process.
🚀 Notably, the commission income burns of Binance this month increased 5 times compared to last month. Specifically, this is a result of the increased trading activity on Binance Spot pairs.
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🚨Rally Report🚨
INTERNET COMPUTER
The price of ICP has rallied by 6% in the past 24 hours.
WHY?!
🎉 The rally follows the recent launch of Bioniq - a Bitcoin Ordinals marketplace leveraging the Internet Computer blockchain to reduce trading costs and congestion on the Bitcoin network.
🚀 The Internet Computer team also recently unveiled plans to integrate ICP with Ethereum over two phases. In the first phase, a canister smart contract will act as a bridge, providing a complete Ethereum node API directly on the ICP blockchain. In the second phase, new tokens called chain-keys (ck), such as ckETH and ckERC-20 will extend the capabilities of ICP DEXs for users to swap, or transfer tokens for cents with 1-2s finality.
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