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🚨 New Video Alert!! 🚨
Making BIG MONEY means being early - you can’t argue with that! It’s always been about buying low and selling high. But how do you ensure you get in at those early stages in 2024? Well, today’s video has all the answers.
Sure, technical analysis has its value, but you don’t need a genius to tell you to be there for the token launch or to fund a great company that’s trying to get off the ground. This is where the big boys play.
If you’re looking for someone to lay it out for you so that you can play too, you’re only a click away.
This is a video you absolutely cannot afford to miss!
P.S. We are out of the office today, but weekly crypto news will be with you tomorrow!
https://www.youtube.com/watch?v=NjS-bfOxJ3s
Читать полностью…
🔔 MARKET MOVING NEWS! (28/01/24)
1️⃣ Finnish Authorities Traced Monero Transactions Tied To Vastaamo Hack ❓
Finland’s National Bureau of Investigation reportedly tracked Monero transactions as part of an investigation concerning the criminal trial of Julius Aleksanteri Kivimäki – the individual accused of hacking private mental health firm Vastaamo’s database and demanding ransom payments paid in cryptocurrencies.
Notably, Monero is renowned for its strong privacy features and is claimed to be untraceable. Its privacy-enhancing technologies include Ring Confidential Transactions (RingCT), ring signatures and stealth addresses. The local authorities are maintaining confidentiality and have not disclosed any further details about their on-chain analysis.
Source
2️⃣ Stellar's Foundation Supports Delay of Smart-Contracts Upgrade After Bug Found 🤔
The Stellar Development Foundation is reportedly planning to delay the Stellar blockchain’s much-anticipated upgrade to add Ethereum-style smart contracts to the network. Notably, the potential delay comes after SDF officials found a bug that could theoretically affect applications and services on the new "Soroban" smart-contracts transactions once the upgrade goes through.
While SDF officials "decided that the bug posed little risk given the phased rollout plan," after "robust feedback" from the developer community, the foundation is now planning to "disarm" its own validators to prevent them from voting to upgrade the network on Jan. 30.
Source
3️⃣ Bitcoin ETF Ads May Appear on Google Starting Monday, Community Speculates 💬
Google is reportedly set to update its policies tomorrow to allow certain cryptocurrency products to be advertised on major search engines. Notably, the crypto community speculates that this could result in Bitcoin exchange-traded funds (ETFs) likely meeting the criteria. Specifically, the updated policy will allow ads from “advertisers offering Cryptocurrency Coin Trust targeting the United States.”
Source
4️⃣ SFC Flags Floki Staking Programs as Unauthorized ‼️
The Hong Kong Securities and Futures Commission (SFC) has reportedly published a notice cautioning the public about potentially risky investment products called “Floki Staking Program” and “TokenFi Staking Program.” Notably, both products are affiliated with the Floki ecosystem.
The SFC emphasized that neither of the products has received authorisation for public sale in Hong Kong. The products reportedly claim to deliver annualized returns ranging from 30% to over 100%. The SFC revealed that the governing body of these two products has failed to convincingly show how it intends to achieve the stated high annualized return targets.
Source
🚨 New Video Alert!! 🚨
Getting a sense of what’s going on in the crypto market is hard. That’s because most individuals and institutions only ever see a small slice of it in their day to day research.
The opposite is true for crypto exchanges, which not only see everything that’s going on, but can even see what’s going on behind the scenes. If only there was some way of getting this alpha, right?
Well, as it turns out, Binance, the largest crypto exchange, recently published an in-depth report that contains this kind of alpha, and also includes forecasts about which trends to watch in 2024.
It’s safe to say that this is a video you want to watch until the end!
🔔 MARKET MOVING NEWS! (26/01/24)
1️⃣ Spot Ether ETF Applications Decisions Delayed by SEC ❓
The U.S. Securities and Exchange Commission has reportedly delayed an application by Grayscale Investments to convert its Ethereum trust product (ETHE) into an exchange-traded fund (ETF). Notably, the agency did the same regarding BlackRock's application for a similar vehicle just a day prior.
Specifically, the SEC published a notice yesterday announcing that it would institute proceedings to determine whether to approve or disapprove a proposed rule change that would allow NYSE Arca to list and trade the Grayscale Ethereum Trust shares. Notably, this opens up the process for public comment.
The filing inquires,
Do commenters agree that arguments to support the listing of Bitcoin ETPs apply equally to the Shares. Are there particular features related to ETH and its ecosystem, including its proof of stake consensus mechanism and concentration of control or influence by a few individuals or entities, that raise unique concerns about ETH’s susceptibility to fraud and manipulation?
Source
2️⃣ Swan Bitcoin Announces US Mining Business, With 750 BTC Mined Already ☄️
Bitcoin financial services firm Swan Bitcoin recently revealed that it launched a new Bitcoin mining venture ‘Swan Mining’ in the summer of last year to expand its institutional offerings. Notably, the firm also revealed that it is now "actively working" to become a publicly traded company within the next 12 months. The mining business has reportedly been funded by institutional investors, with more than $100 million so far.
Rapha Zagury, chief investment officer at Swan and head of Swan Mining stated,
We bring financial expertise and operational excellence, while our investors provide equity capital to our mining unit in exchange for priority on initial payouts and continued shared upside.
Source
3️⃣ Celsius Moves A Massive $1B In Ethereum To CEXs 🔍
According to the transaction monitoring platform Whale Alert, defunct crypto lender Celsius has been moving large amounts of Ether (ETH) to centralized exchanges over the past 24 hours. Specifically, the Celsius Network wallet made several large transactions of Ether to deposit wallets for Paxos and Coinbase Prime. Notably, the largest transaction was for 443,961 ETH worth $984 million at the time of the transfer. While the exact reasons for the recent Ether transactions are not immediately clear, onlookers speculate that the movements are likely part of repayments being made to creditors. Notably, a Celsius asset distribution FAQ updated on Jan. 12 notes that a limited number of corporate accounts will be able to receive crypto through Coinbase.
Source
4️⃣ Ethereum Developers Set Timeline for Final ‘Dencun’ Testnet Upgrades ‼️
Ethereum developers have reportedly published a blog post which confirms the dates for making the changes on two key test networks ahead of the Dencun upgrade on the main network. The blog reveals that developers will run through a dress rehearsal of the protocol changes on the Sepolia and Holesky test networks (testnets), on Jan. 30 and Feb. 7. After this, developers will chalk out the exact date for Dencun to hit Ethereum’s mainnet, now targeted for the end of February or early March.
Source
5️⃣ OneCoin Lawyer Sentenced To 10 Years In Prison 👮
Judge Edgardo Ramos of the U.S. District Court for the Southern District of New York has reportedly sentenced Mark Scott – the lawyer responsible for money laundering through the OneCoin crypto scheme, to 10 years behind bars for his role in OneCoin. Notably, prosecutors had earlier attempted to push for Scott to receive a minimum sentence of 17 years, while his legal team recommended only five years in prison.
Source
https://www.youtube.com/watch?v=LIncFflKn9Y
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📣📣 MARKET MOVING NEWS! (07/01/24)
1️⃣ Bitcoin’s First Wallet Receives $1.17M In Surprise Transaction 🕵️♂️
An unknown Bitcoin user sent 26.9 BTC worth $1.17 million to the network’s Genesis wallet — the first ever wallet on the Bitcoin network set up by Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
Specifically, the Bitcoin transaction occurred on Jan. 5 at 1:52 am Eastern Time accompanied by a transaction fee of $100, notably higher than the average. According to blockchain analytics platform Arkham Intelligence, most of the funds originated from a wallet associated with Binance. Notably, Coinbase director Conor Grogan tweeted that the transaction was either Nakamoto waking up and depositing BTC from Binance or someone burning over $1 million. He also suggested that the anonymous transfer could be a weird spot Bitcoin exchange-traded fund marketing scheme.
Source
2️⃣ Crypto-Skeptical Nonprofit Better Markets Urges SEC To Deny Spot Bitcoin ETFs 🧐
The non-partisan nonprofit Better Markets has reportedly submitted a comment letter to the Securities and Exchange Commission (SEC) urging the agency to deny several pending applications for a Bitcoin-trading ETF.
Notably, Better Markets' CEO and co-founder Dennis M. Kelleher argues in the letter that the SEC's approval of a spot Bitcoin ETF would pose a "grave threat" to investors by unleashing a “speculative, volatile, and socially useless financial product” on American investors and retirees. He further stated that the SEC's approval of the product would set a dangerous precedent.
Kelleher wrote,
The potential for fraud in the spot bitcoin market is so great that the rules of an exchange cannot permit the listing and trading of a spot bitcoin ETP and still be consistent with the requirement that the exchange’s rules be designed to prevent fraud and manipulation and protect investors and the public interest.
Source
3️⃣ Blackrock Layoffs Coming As Firm Matures, ESG Pullback And Bitcoin ETF Approval 🔎
According to a Fox Business report, the world's largest asset manager Blackrock is planning to reduce its global workforce by around 3% in the coming days. The report estimates that this means around 600 people will lose their jobs as part of the firm’s “routine internal adjustments.” The report also reveals that BlackRock is expecting approval from the Securities and Exchange Commission for its new Bitcoin "spot" ETF on Wednesday, i.e., Jan 10th – the last day of the window in which the SEC can approve all spot Bitcoin ETF issuers at the same time.
Source
4️⃣ Grayscale Drops MATIC, Adds AVAX, XRP In Funds Rebalance 💰
Asset manager Grayscale has reportedly rebalanced weights for three of its crypto funds - Digital Large Cap Fund (GDLC), DeFi Fund and Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). Specifically, it removed tokens such as MATIC and added AVAX and XRP. Notably, the new allocations are part of Grayscale’s quarterly review which optimizes the fund’s performance according to the prevailing market conditions, risk assessments and investment objectives.
Source
Celsius will unstake existing ETH holdings, which have provided valuable staking rewards income to the estate, to offset certain costs incurred throughout the restructuring process. The significant unstaking activity in the next few days will unlock ETH to ensure timely distributions to creditors.
Source
https://www.youtube.com/watch?v=1JIX5jbcWbw
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📣📣 MARKET MOVING NEWS! (04/01/24)
1️⃣ Gamma Protocol Investigates Potential Attack That Drained Ether 🧐
According to a blockchain security firm PeckShield, a security incident has resulted in almost $500K worth of ETH being drained from Ethereum-based asset management protocol Gamma Strategies. While Gamma Strategies has confirmed the “possible security incident,” it assured users they could still withdraw their funds if needed. It also added that it would reveal further details about the incident after completing its investigation.
Source
2️⃣ South Korea Proposes Ban on Credit Card Payments for Crypto 🇰🇷
According to reports, South Korea’s Financial Services Commission (FSC) has proposed an amendment to the country’s Credit Finance Act. Notably, the amendment seeks to prohibit citizens from purchasing cryptocurrencies using credit cards. The FSC stated that the main reason for the amendment is to limit its crypto traders from buying crypto on foreign crypto exchanges. The regulator stated that the move comes after concerns over the illegal outflow of domestic funds, money laundering and the encouragement of speculative behaviour emerged. The FSC plans to collect public feedback on the amendment proposal until Feb. 13. It’s expected to be reviewed and voted on with the aim of implementation in the first half of 2024.
Source
3️⃣ Goldman Sachs Eyeing Bitcoin ETF Role Via BlackRock and Grayscale: Sources 🔎
According to a CoinDesk report, Wall Street investment bank Goldman Sachs is in talks to be an authorised participant for the bitcoin ETFs that BlackRock and Grayscale want to introduce in the U.S. Notably, Goldman Sachs' role would involve creating and redeeming ETF shares to ensure the products trade in lockstep with their underlying assets. If true, it would join other finance giants in that role, such as JPMorgan Chase, Jane Street and Cantor Fitzgerald.
Source
4️⃣ Binance Places 'Monitoring Tag' On 10 Cryptoassets, Including Monero And Zcash ❗️
Crypto exchange Binance has announced that it will be placing “monitoring tags” on a number of coins and tokens, namely ANT, FIRO, KP3R, MDX, MOB, REEF, VAI, XMR, ZEC and ZEN. Notably, assets with the ‘monitoring tag’ are at risk of being delisted since they may no longer be meeting the exchange’s listing criteria.
Binance stated,
Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.
Source
5️⃣ dYdX Identifies Attacker, Considers Legal Action Over $9M Loss ⚖️
In a ‘post-mortem’ report published yesterday, decentralised exchange dYdX announced that it uncovered the identity of the attacker responsible for the exchange’s v3 platform attack on Nov. 17, 2023. Notably, dYdX confirmed that it is now looking into legal action against the person responsible for stealing $9 million from its insurance fund.
The report also revealed that dYdX improved its v3 trading platform to enhance open-interest monitoring and alerts to prevent similar coordinated attacks in the future. The exchange also added that the enhanced v4 chain is specifically built to mitigate risks like this. It includes a new feature that automatically adjusts the initial margin fraction in response to abnormal price changes.
Source
https://www.youtube.com/watch?v=j94hByFAaq0
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📣📣 MARKET MOVING NEWS! (03/01/24)
1️⃣ Etherscan Acquires Solscan To Expand Blockchain Data Services 🤝
Ethereum block explorer Etherscan has reportedly acquired Solana block explorer Solscan as part of its vision to “improve the accessibility of blockchain data across multiple networks.” Following the acquisition, the team stated that it was planning to integrate additional features across both explorers in order to offer enhanced support.
Matthew Tan, CEO and founder of Etherscan stated,
The Solscan team has proven their expertise over the years by offering detailed insights and analytics. Their expertise in making blockchain data accessible and user-friendly also aligns perfectly with our mission at Etherscan.
Source
2️⃣ Radiant Capital Halts Arbitrum Markets After Reported $4.5M Flash Loan Attack ❗️
According to blockchain security firm PeckShield, cross-chain lending protocol Radiant Capital suffered a flash-loan exploit that resulted in the loss of over 1,900 ETH ($4.5 million) earlier today. Notably, the exploit affected one of its newly created USDC Coin (USDC) markets. Radiant Capital has paused its lending and borrowing markets on Arbitrum following the exploit. It also ensured users that no current funds were at risk, and that operations would return to normal after the investigation was completed.
Source
3️⃣ MicroStrategy Co-Founder Saylor to Sell $216 Million Worth of Company Shares 💰
Business intelligence firm MicroStrategy’s executive chairman Michael Saylor has reportedly begun a four-month process of selling $216 million worth of stock options in his firm MicroStrategy.
Notably, Sayler had disclosed his plans for the proceeds during Microstrategy's third-quarter earnings call. He stated,
Exercising this option will allow me to address personal obligations as well as acquire additional bitcoin (BTC) to my personal account [...] I continue to be optimistic about MicroStrategy's prospects and should note that my equity stake in the company after these sales will remain very significant.
Source
4️⃣ EU Regulators To Probe Links Between Banks And Crypto Entities 🏦
According to a Financial Times report, the European Banking Authority (EBA) is planning to take additional steps to predict how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect lenders.
Notably, NBFIs currently hold around $219 trillion, almost half of the world's financial assets. The EBA has already taken some action to address the role crypto may play in stressing the system. Specifically, it published draft rules on liquidity and capital requirements for stablecoin issuers in line with the EU's new Markets in Crypto Assets (MiCA) regulation in November. The latest move would reportedly entail the EBA collaborating with the European Systemic Risk Board and Financial Stability Board to understand the impacts of a "shadow banking shock" to the wider system.
Source
5️⃣ Jim Cramer Pulls U-Turn on Bitcoin 🤔
Long-time crypto critic Jim Cramer reversed his previously bearish stance on Bitcoin by calling the asset a “technological marvel” that is “here to stay” during CNBC’s Squawk on the Street show on Tuesday morning. He also passed a comment on how the late Charlie Munger “who was so brilliant on so many things, was blind to this.”
Source
According to blockchain security platform Scam Sniffer’s recently published “2023 Wallet Drainers Report,” over 324,000 crypto users fell victim to phishing scams in 2023, with around $295 million in digital assets lost to wallet drainers.
Notably, the report notes that the shutting down of ‘wallet-drainer-as-a-service’ businesses seems to have no impact on scammers as these “phishing gangs” just take their business elsewhere due to the abundance of platforms providing such services. One of the most common methods employed by these scammers is to hack a project’s official Discord and X (formerly Twitter) accounts and then spread phishing links through posts.
Source
🚨Rally Report🚨
SEI NETWORK
The price of SEI has rallied by 21% in the past 24 hours.
WHY?!
🎉 Investors seem bullish over Sei’s upcoming network upgrade called Sei Zero. The upgrade is projected to make Sei the fastest blockchain in the market while adding other features that let project developers deploy audited smart contracts from EVM-compatible networks and introduce parallelization.
🚀 Additionally, the network has also been seeing some popularity due to the rise of a memecoin within its ecosystem. The memecoin SEIYAN gained 400% in the past week and is reportedly a cult term for SEI holders.
If you want to buy or trade SEI, 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!! 🚨
Happy Monday, and happy new year! There’s no better way to start the year with a weekly crypto review, and that’s exactly what we’ve got for you today!
Although there wasn’t much in the way of price action last week, there were a few significant developments beneath the surface that could set the stage for a massive rally this week.
At the same time, there have been a few developments which could put a dent in the crypto market, notably the possibility that China will crack down on Tether.
Be sure to stick around until the end to see where last week’s top performing cryptos are headed next!
🔔 MARKET MOVING NEWS! (29/01/24)
1️⃣ China Halts Restricted Shares Lending Amid Market Turbulence 🥶
According to a Reuters report, China’s Securities Regulatory Commission (CSRC) announced on its WeChat account that it will suspend the lending of restricted shares starting Jan. 29. Notably, the move seeks to limit short-selling activities amid turbulence in the country’s stock market.
As per the CSRC’s statement, the new rules are intended to “highlight fairness and reasonableness, reduce the efficiency of securities lending, and restrict the advantages of institutions in the use of information and tools, giving all types of investors more time to digest market information and creating a fairer market order.” It also added that the move would "resolutely" crackdown on illegal activities that use securities lending to reduce holdings and cash out.
Source
2️⃣ Newly OKX-Backed Layer 2 Bridge Orbiter Finance Announces Its Own L2 Network 🔥
Orbiter Finance, the cross-chain bridge protocol, is reportedly planning to launch its own layer-2 network called ‘Orbiter Rollup.’ The protocol describes the new rollup network as a "meta-layer" powered by zero-knowledge proofs. Notably, the protocol just recently announced a strategic investment of an undisclosed sum from OKX Ventures. Orbiter's team stated that the move is part of its preparation for an "omni-connection" future. Specifically, Orbiter Rollup will allow users to transfer not only assets but also ALL data across ALL L2s by simply clicking on the interface.
Source
3️⃣ Inverse Jim Cramer Isn’t Always Wrong: Inverse Cramer ETF To Shut Down 🔽
The Inverse Cramer ETF (SJIM), which was launched in March 2023, is reportedly going to be shut down and liquidated with its last trading day on Feb. 13. Notably, the ETF bet against trading tips from CNBC Mad Money host Jim Cramer. The fund’s manager, Tuttle Capital Management, revealed that the ETF only managed to attract $2.4 million and that it has seen a negative 15% return since its launch.
Tuttle Capital CEO and chief investment officer Matthew Tuttle said the ETF was launched to “point out the danger of following TV stockpickers, Jim Cramer specifically, and the total lack of accountability.” He added, “We feel like we have accomplished that mission, but retail investors are more focused on volatile products and the interest in a long/short portfolio never fully materialized.”
Source
4️⃣ Solana DEX Jupiter Flips Uniswap Amid Stablecoin, Wen Airdrop Frenzy 🕯
According to data from CoinGecko, Solana-based DEX Jupiter has topped the trading volume charts at $480 million in the last 24 hours. Notably, the surge in volume comes from the platform’s launch of a new memecoin airdrop along with a rise in stablecoin swaps. The trading activity saw Jupiter beat out the Ethereum-based volumes on Uniswap from both v2 and v3 protocols by $10 million, with the combined trading volume of those protocols only amounting to $470 million in the last 24 hours.
Source
5️⃣ Harvest Fund Files Spot Bitcoin ETF Application In Hong Kong ❗️
The Hong Kong Securities and Futures Commission (SFC) has reportedly received its first spot Bitcoin exchange-traded fund (ETF) application from the Hong Kong arm of Harvest Fund Management, a major Chinese asset manager. Notably, a Tencent News report states that Harvest hopes to launch the city's first BTC spot ETF after the Lunar New Year holiday, which falls on Feb. 10 this year.
According to the report, the Hong Kong regulatory body may follow a similar approach to the U.S. SEC and approve multiple spot ETFs to ensure a level playing field. Several regional financial institutions have signalled their interest in launching a spot BTC ETF in 2024.
Source
🚨 New Video Alert!! 🚨
Earlier this month, Taiwan’s voters flocked to polling booths and voted for war.
That’s according to Beijing and Taiwan’s opposition party, who both framed the recent elections as a “choice between war and peace”.
The thing is, the election returned another victory for the same government that has ruled since 2016. The new president-elect was a continuity candidate, having served as vice-president since 2020.
Does this mean that Taiwan has been on a warpath all these years, right under all of our noses? Or at least, do Beijing and Taiwan’s official opposition really think so? And why are Taiwanese elections framed in such dire terms to start with?
It’s time to sort the facts from the FUD - this is a video you don’t want to miss.
https://www.youtube.com/watch?v=wsSXSuZJaFc
Читать полностью…
🔔 MARKET MOVING NEWS! (27/01/24)
1️⃣ BlackRock’s Bitcoin ETF First to Reach $2B in AUM 📈
According to reports, the BlackRock iShares Bitcoin ETF (IBIT) became the first of the recently launched spot bitcoin products to reach $2 billion in assets under management (AUM) yesterday. Notably, the milestone comes just two weeks after it debuted on the Nasdaq. This doesn't include Grayscale's GBTC, which had nearly $30 billion in AUM at the time of its conversion from a closed-end fund to a spot ETF.
Source
2️⃣ OKX Set To Phase Out Its Mining Pool And Related Services 🔽
Crypto exchange OKX has announced that it will be phasing out its mining pool services from today. Specifically, the firm stated that it will halt new user registrations on Jan. 26, with existing users able to continue to use the pool until Feb. 25. All OKX mining pool-related services will be discontinued on Feb. 26. OKX stated that it made the decision due to “business adjustments,” but did not elaborate further.
Source
3️⃣ Bitwise Says Bitcoin Received To ETF Wallet Will Benefit The Fund’s Shareholders 🤩
Asset manager Bitwise has stated that all the celebratory ‘gifts’ its Bitcoin ETF’s wallet address had received from the crypto community will “accrue to the benefits of shareholders of BITB." Notably, Bitwise CIO Matt Hougan pointed to the fund’s S-1 filing which states that if Bitwise involuntarily receives assets, it may sell them for cash and proportionally distribute the cash to shareholders.
Source
4️⃣ Bitcoin ETFs Are Wrapped In ‘Thin Layer’ Of Indirect Regulations — CFTC Chair 🧐
In a keynote speech on Jan. 26, Rostin Behnam, the chair of the Commodity Futures Trading Commission (CFTC), stated that he believes there is a risk the recent approval of spot Bitcoin exchange-traded funds (ETFs) will be misinterpreted as firm regulations in place for Bitcoin and other cryptocurrencies in general. Notably, he called again for legislation at the federal level to regulate crypto.
Behnam stated,
I fear that the regulatory approval of bitcoin ETPs introduces risk that, in spite of yellow flags, market participants, retail and institutional alike, may mistake the technical approval of a product—with actual regulatory oversight of the cash commodity digital assets. […] The concerns I have publicly voiced for the better part of six years regarding the digital asset commodity spot market have only become magnified. The need for federal legislation over cash market digital assets has never been more critical, and I will continue my call for action.
Source
5️⃣ Estonian Government Will Allow Extradition of HashFlare Defendants ❗️
Ivan Turogin and Sergei Potapenko, the co-founders of inactive Bitcoin cloud miner HashFlare, have reportedly received approval to be extradited from Estonia to the United States. Notably, the individuals have been charged with 18 counts of conspiracy, wire fraud, and conspiracy to commit money laundering in the United States and face up to 20 years each in prison. Their company was once a leading cloud miner but was allegedly run as a Ponzi scheme.
Source
🔔 MARKET MOVING NEWS! (25/01/24)
1️⃣ Polygon Plans 'AggLayer,' in Bid to Synthesize Modular, Monolithic Blockchains ⚠️
Ethereum-scaling solutions developer Polygon Labs has disclosed plans for a new “aggregation layer that will reportedly unite what it calls the “divided blockchain landscape” into a web of networks that “feels like a single chain.”
Notably, the new "AggLayer", which is set for launch next month, is expected to be a critical component of Polygon 2.0, the next iteration of the network. The "AggLayer" will reportedly aggregate zero-knowledge proofs (ZK-proofs) from multiple blockchains in order to enable interoperability between networks utilizing the “AggLayer.”
Polygon Labs stated,
Aggregation offers the sovereignty and scale of modular architectures, as well as the unified liquidity and UX of a monolithic system, synthesizing these two approaches into something novel.
Source
2️⃣ CZ Tried to Pledge His Entire Binance Stake to Leave US In January ☄️
According to a newly unsealed court filing, Changpeng Zhao – the former CEO of Binance, tried to pledge his multibillion-dollar stake in Binance.US as security to be permitted to travel back to the United Arab Emirates temporarily. Specifically, Zhao had requested to travel to the UAE for up to four weeks in early January to see a friend or family member undergoing surgery and staying in hospital. However, federal prosecutors did not consent to the request. Court records show Judge Richard Jones denied the request in a Dec. 29 closed-door hearing.
Source
3️⃣ Bitwise Bitcoin ETF Wallet Attracts Inscriptions and Rare Sats Donations 💸
Yesterday, asset management firm Bitwise became the first Bitcoin ETF issuer to publicly disclose the Bitcoin address of its spot BTC exchange-traded fund (ETF). Notably, the disclosed Bitcoin wallet address has received multiple tips and donations within hours of being public, including some Bitcoin ordinals and rare sats. Specifically, these inscriptions include two RSIC airdrops, one Bitcoin Punk, one Bitcoin Burials, one Quadkey, and several others.
Addressing the decision, the firm stated,
Now anyone can verify BITB's holdings and flows directly on the blockchain. Publishing on-chain addresses is a first step toward increasing public transparency. As infrastructure evolves, we hope to do more, such as working with firms like Hoseki to provide real-time cryptographic attestations.
Source
4️⃣ Self-Described Bitcoin Inventor Craig Wright Offers to Settle IP Case 🧐
Craig Wright, the man who infamously claims to be the creator of Bitcoin, has reportedly issued a settlement offer to the Jack Dorsey-backed Crypto Open Patent Alliance (COPA) and “all parties”. Notably, the move aims to avoid a trial over the intellectual property rights around Bitcoin. Wright stated that involved parties have until the end of January to accept the offer.
Wright stated,
In clear demonstration of the sincerity of my offer, I agree to waive my database rights and copyrights relating to BTC, BCH, and ABC databases, and to offer an irrevocable license in perpetuity to my opposing parties who collectively control, operate, and/or own those databases, in pursuit of encouraging the open commercialization of technologies in a competitive and fair market, where intellectual property rights are respected and exploited. I intend for this offer to enable them to compete fairly, in parallel with BSV.
Source
5️⃣ Former Ozys Security Chief Accused Of Sabotaging Firewall Before $81.5 Million Orbit Bridge Exploit ‼️
The former chief information security officer (CISO) of South Korean blockchain technology company Ozys has reportedly been accused by the company of arbitrarily weakening the company firewall to enable a security breach which led to the loss of over $81.5 million worth of assets from its cross-chain protocol Orbit Bridge. Notably, Ozys has filed a lawsuit for damages against its former CISO while submitting a petition requesting the local police to investigate the former employee's possible involvement with the hack.
Source
🚨New Video Alert!! 🚨
As bullish as the crypto market has been, there has been no shortage of bearish crypto factors lurking around in the background. Obviously, a lot of these have to do with regulations.
The one bearish macro factor that’s been brewing lately relates to DeFi regulations. Basically, an unaccountable an unelected international organisation called IOSCO is trying to coordinate a crackdown.
The craziest part about all of this is that it seems to suggest that regulators not only go after the founder of DeFi protocols, but also the governance token holders, and even the cryptos they exist on.
This is a video you need to watch until the end!
📣📣 MARKET MOVING NEWS! (06/01/24)
1️⃣ North Korea Was Responsible for Over $600M in Crypto Thefts Last Year: TRM Labs 🤔
According to a recent report published by TRM Labs, groups tied to the Democratic People’s Republic of Korea (DPRK) were responsible for roughly 33% of all crypto stolen through hacks in 2023. Specifically, North Korea-affiliated hackers made off with some $600 million in funds in 2023, bringing the total to almost $3 billion over the past six years.
TRM Labs stated,
North Korea’s hacking prowess demands continuous vigilance and innovation from businesses and governments. Despite notable advancements in cybersecurity among exchanges and increased international collaboration in tracking and recovering stolen funds, 2024 is likely to see further disruption from the world’s most prolific cyber-thief.
Source
2️⃣ Mango Markets Hires Representative To Handle US Regulatory Scrutiny 🇺🇸
Decentralised exchange Mango Markets is reportedly recruiting new resources to handle the ongoing scrutiny from United States regulatory authorities as they pose a wave of "inquiries" related to the October 2022 heist.
Notably, one proposal on Mango’s governance forum has proposed a budget of $250,000 in USDC to be approved by the DAO for the hiring of a representative tasked with addressing inquiries from “some regulators” concerning Mango Markets. Once approved, MangoDAO will be represented by Poland-based company Cyberbyte with a one-year term. The company is owned by crypto developer Adrian Brzeziński, who is also a contributor to Mango Markets. The representative’s responsibilities include hiring legal counsel and facilitating “amicable resolutions to the U.S. regulatory matters.”
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3️⃣ DCG Says It Completed Payoff Of All Short-Term Loans From Genesis ❗️
Digital Currency Group has reportedly paid off all short-term loans to institutional investor crypto broker Genesis.
The firm announced,
DCG is pleased to announce that we have completed a payoff of all short-term loans from Genesis. In total, DCG has paid off more than $1 billion of debt to its creditors in just over a year, including nearly $700 million to Genesis, satisfying all obligations currently due. With this milestone behind us, we're looking forward to the next chapter of DCG and the future growth of our industry.
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4️⃣ Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges 🔎
The U.S. spot bitcoin ETFs appear to be one step closer to being launched as the exchanges that will list them filed amended 19b-4 filings on behalf of BlackRock, Grayscale, Fidelity and other issuers. Notably, more than a dozen applicants hope to launch the first spot bitcoin ETFs in the U.S.; it's likely multiple issuers will be approved simultaneously.
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5️⃣ Coinbase Acquiring Cyprus-Based Entity To Expand EU Derivatives Offerings 🤝
Crypto exchange Coinbase is reportedly in the process of acquiring a Markets in Financial Instruments Directive 2014 (MiFID II) licensed entity in Cyprus. The acquisition will allow Coinbase to offer cryptocurrency-based derivatives in Europe. The exchange currently only offers spot trading in the EU.
Coinbase stated,
Adding such a license to our international portfolio would further support the strong interest we’ve seen in our derivatives offerings and help us capture more of the ~75% of the global crypto market claimed by derivatives.
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📣📣 MARKET MOVING NEWS! (05/01/24)
1️⃣ Logan Paul To ‘Personally Commit’ $2.3 Million To Buy Back CryptoZoo NFTs 🤔
In a post published earlier today on X (formerly Twitter), YouTuber Logan Paul announced a buy-back program for CryptoZoo NFT project participants along with a new lawsuit against his two co-creators.
Specifically, the influencer stated that he plans to personally put in over $2.3 million to buy back Base Eggs and Base Animals NFTs from “every person who intended to play” the CryptoZoo game. NFT holders can now reportedly submit claims online until Feb. 8. However, ‘ZOO’ - the ERC-20 token associated with the project, doesn’t seem to be a part of the buy-back program.
Paul stated,
The buy-back is not intended to compensate those who gambled on the crypto market and lost. It’s important to remember that the Zoo Token was created to support the CryptoZoo game and its players; it was ‘not intended as an investment vehicle,’ as outlined in the original WhitePaper.
Source
2️⃣ Citi Alumni Plan Bitcoin Securities That Don’t Need SEC Approval 🚀
According to a Bloomberg report, a startup called Receipts Depositary Corporation (RDC) is planning to issue the first Bitcoin depositary receipts to qualified global institutional investors in transactions exempt from registration under the Securities Act of 1933. Notably, RDC is backed by Franklin Templeton and its team boasts of former Citigroup Inc. executives.
The Bitcoin depositary receipts are similar to American depositary receipts that represent foreign stocks. They will be offered to institutions and cleared through the Depository Trust Company (DTC). The offering is expected to go live in the coming weeks.
Ankit Mehta, the co-founder and chief executive of RDC stated,
We are really a conversion tool for asset owners today, whether they are hedge funds, family offices, corporations, large institutional investors, that want to take their Bitcoin and convert it into a DTC-eligible security and enjoy direct ownership in the US clearances.
Source
3️⃣ Grayscale, VanEck and ARK Bitcoin ETFs Register to Trade on Exchanges ⚖️
Asset managers Grayscale, VanEck, and ARK Invest have reportedly gotten approval for the shares of their spot bitcoin ETFs to trade on their respective exchanges. Notably, Grayscale Bitcoin Trust used Form 8-A to register its shares as securities listed on the New York Stock Exchange Arca, while the VanEck Bitcoin Trust and Ark Invest used Form 8-A to register their shares as securities listed on the Cboe BZX Exchange. To clarify, these filings are just part of the required paperwork. Their approval does not mean that the issuers have received the all-important green light from the Securities and Exchange Commission.
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4️⃣ Only 39% Of Financial Advisers Believe A Bitcoin ETF Will Be Approved In 2024: Bitwise 🔎
According to a recently published survey by ETF issuer Bitwise, only 39% of U.S.-based financial advisers believe a Bitcoin ETF will be approved this year. Notably, the survey had participants from all across the country, including registered investment advisers (RIAs), financial planners, institutional investors and wirehouse representatives. The survey also found that even if the majority of advisors don’t think it’s likely a Bitcoin ETF will be approved this year, 88% of respondents interested in purchasing Bitcoin on behalf of their clients are waiting for an ETF to be available.
Source
5️⃣ Celsius to Unstake Thousands of Ether, Possibly Easing ETH Selling Pressure 🙌
Crypto lender Celsius is reportedly planning to unstake its Ether holdings as it prepares for “timely distributions to creditors.” Notably, this is expected to ease selling pressure on ETH as Celsius was previously selling staking rewards on the open market to cover costs associated with the reorganisation plan. Data from Arkham show crypto wallets linked to Celsius have staked over $151 million worth of ether, a position on which it likely earned over 4%-5% in annualised yields.
The firm stated,
🚨New Video Alert!! 🚨
It’s been a while since we’ve gone down the rabbit hole about something important that everyone needs to know about. Today, we unpack the latest digital ID developments around the world.
These developments are nothing short of depressing, but they need to be talked about. That’s because the mainstream media isn’t telling you what’s going on, probably because you wouldn’t like it.
Thankfully, it appears possible to push back against this dystopian technology. Stick around until the end to find out how you can protect your individual freedom in an increasingly controlled world.
Enjoy!
🚨Rally Report🚨
BEAM
The price of BEAM has rallied by 12% in the past 24 hours.
WHY?!
🎉 BEAM’s recent rally seems to be led by whale activity. Notably, a new whale accumulated $2.6M worth of BEAM over multiple transactions in the past 24 hours.
🚀 Interestingly, the wallet seems to also be a top holder of the PEPE memecoin.
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/
🚨New Video Alert!! 🚨
The crypto market has been rallying hard, but not all coins and tokens are participating equally. ADA has been among the laggards, and it’s left many wondering what’s going on with Cardano.
Today, we bring you up to speed on what is easily one of the most important crypto projects, and also give you our take on what comes next. This includes a thorough price analysis for ADA.
Last not but least, we unpack some of the challenges we foresee for this cryptocurrency. To be blunt, it’s not looking too good, but Cardano has the potential to reverse its fate, and take ADA to new highs.
Enjoy!
🚨Rally Report🚨
INTERNET COMPUTER
The price of ICP has rallied by 14% in the past 24 hours.
WHY?!
🎉 The rally seems to come after a return of favourable sentiments for the project.
🚀 Notably, Sonic – a DEX on ICP experienced a 30% growth in TVL over the past week. This signifies a growing interest in the ICP ecosystem as well.
If you want to buy or trade ICP, 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! (02/01/24)
1️⃣ Bitcoin Spot ETF Anticipation Boosts BTC Price to Nearly $46K in Strong Start to 2024 🚀
The price of Bitcoin rose above $46,000 (the highest level since April 2022) on Tuesday morning in Asia, kicking the new year off to a fresh start for the crypto markets. Notably, the rally comes from investors’ anticipation of a potential approval of spot Bitcoin ETFs in the United States. While the spot Bitcoin ETF has been speculated to be priced in, the renewed rally comes after a recent Reuters report suggested the SEC could begin notifying ETF sponsors as soon as Tuesday that their applications were to be approved.
Addressing Bitcoin’s price performance, Ryan Lee, chief analyst at Bitget Research stated,
Some analysts from cryptocurrency trading platforms believe that even if the ETF is approved, Bitcoin may not immediately experience a significant rally. There are also some optimistic views, such as influential trader Scott Melker predicting that Bitcoin could surge to $54,000 in the next few days once the SEC approves the ETF. Matrixport predicts that BTC will rise to $50,000 within a month after passing the BTC spot ETF in January.
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2️⃣ Tellor Altcoin’s Bizarre 150% Pump Then Fall Spark Concerns Of Manipulation 🚨
A relatively unknown altcoin called Tellor (TRB) experienced some suspicious price action on New Year’s Eve as it surged nearly 150% to a new all-time high of $619 before plummeting back to $136 in under 13 hours. Notably, Etherscan data shows the Tellor team had transferred 4,211 TRB (worth roughly $2.4 million at the time) at around 8:41 pm UTC to a Coinbase wallet just as the price spiked – this could have likely contributed to the fall in price.
Further, data from CoinGlass shows that the sudden price drop caused more than $68 million in liquidations as traders likely placed overleveraged bets on the price of TRB rising even further. However, blockchain analytics platform Spot on Chain stated that the price swings could also be attributed to 26% of the circulating supply of TRB being distributed between just 20 "whale" wallets. This small group of whale addresses reportedly began accumulating TRB at prices near $15 and have been gradually depositing their holdings to CEXs to lock in profits.
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3️⃣ F1 Team Sauber Agrees to Two-Year Deal With Crypto Casino Stake 🏎
Formula 1 team Sauber has reportedly agreed to a two-year title partnership deal with crypto casino and sports betting platform Stake in 2024. Notably, Stake takes over from Alfa Romeo, which did not extend its sponsorship of Sauber’s C44 past 2023. The Sauber is set to be rebranded as Audi’s factory team in 2026 - leaving a two-year gap for other sponsors to step in on an interim basis.
Team Representative Alessandro Alunni Bravi stated,
Last season represented the start of Stake’s journey in Formula 1, and the brand’s new role headlining Stake F1 Team represents the natural and exciting next step on this path.
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4️⃣ Early Mickey Mouse Version Becomes Top NFT On OpenSea After Copyright Expires 📈
Three NFT collections featuring an early version of Walt Disney’s Mickey Mouse mascot have reportedly captured the top three trending NFT collection positions at the OpenSea marketplace. The derivative NFT collections come after a version of Mickey featured in the 1928 short film “Steamboat Willie” became publicly available after its copyright expired on January 1st.
Notably, Steamboat Willie was the first publicly distributed appearance of Mickey Mouse. The NFT collection entitled “Steamboat Willie Public Domain 2024” has hit the number one spot after getting around $1.2 million in trading volume, while another collection called “Steamboat Willie” took the number two spot on the list, and “Steamboat Willie’s Riverboat” took the third highest ranking.
Source
5️⃣ Crypto Phishing Scams Took Almost $300M From 324K Victims In 2023: Report 🔎
https://www.youtube.com/watch?v=EDvKuG1ATLQ
Читать полностью…
📣📣 MARKET MOVING NEWS! (01/01/24)
1️⃣ Cross-Chain Orbit Bridge Reportedly Suffers $82M Exploit ❗️
Orbit Bridge, a cross-chain bridge protocol, has reportedly been exploited by attackers with approximately $82 million in unusual outflows. Notably, the attack occurred just three hours before the new year. The stolen assets were sent to new wallets in five separate transactions, with funds including $50 million in stablecoins (30 million Tether, 10 million DAI, and 10 million USDC), 231 wBTC (about $10 million), and 9,500 eth (about $21.5 million). The Orbit Chain protocol has strong links to the Klaytn network with eight of the largest assets on the Klaytn network by total market cap being wrapped assets on the Orbit Bridge.
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2️⃣ NFT Tax Loss Harvesting Spikes as Year-End Deadline Approaches 🤔
On December 31st, NFT traders were reportedly selling worthless tokens in their wallets for pennies in order to offset capital gains on their taxes. Notably, various services which help users offload their worthless NFTs have seen a major uptick in traffic over the past few days as the deadline approached. This includes services such as Harvest.Art, Unsellable NFTs, and Sol Incinerator.
Skyler Hallgren, Unsellable's director of partnerships, stated,
Most of our users are not looking to get into a different speculative crypto investment; they're looking to make a really straightforward, no-nonsense end-of-year tax strategy […] Back in the middle of the year we did an analysis on about 900 of our users. I realized that the average user realized losses of $4,200. I feel a high level of confidence that there are hundreds of millions of dollars in unrealized losses that are frozen right now.
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3️⃣ Bitcoin ETF Launch May Be A ‘Let Down’ But Could Attract Trillions Over Time 🔎
According to VanEck adviser Gabor Gurbacs, the “initial impact” of a Bitcoin ETF is being drastically overestimated. Gurbacs stated that he believes that we may only see net inflows of around $100 million from “mostly recycled” money from large institutional investors upon launch. However, in the long term, Gurbacs believes the spot Bitcoin ETF will have a positive impact on Bitcoin price similar to what happened to gold after the launch of gold ETFs. Bloomberg ETF analysts Eric Balchunas and James Seyffart have also agreed with Gurbacs analysis.
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