🔔 MARKET MOVING NEWS! (04/04/24)

1️⃣ Nigeria 'Working With' Interpol to Extradite Binance Exec Who Escaped Detention: Report ‼️

According to local media reports, Nigeria's federal government is "working with" the International Criminal Police Organization (Interpol), the FBI and the British and Kenyan governments to secure the arrest and extradition of Nadeem Anjarwalla.

Notably, Nadeem Anjarwalla is Binance’s Regional Manager for Africa who was detained along with Binance's Head of Financial Crime Compliance Tigran Gambaryan last month. However, Anjarwalla was reported to have escaped custody shortly thereafter. Around the same time, Nigeria's tax authority filed charges of tax evasion against Binance and the two executives.

Source

2️⃣ Cathie Wood Attributes Bitcoin's Rise to National Currency Devaluations 💸

In an interview with CNBC shared online on April 3, ARK Invest CEO Cathie Wood has said bitcoin's rise to a record high this year has been in part due to national currency devaluations around the world.

Wood stated,

There is something else going on around the world. There are currency devaluations taking place that people are not talking about. The Nigerian naira is down 50, 60% in the last nine months. Egypt just devalued by 40%. Argentina, continuing to devalue. I think it is a flight to safety taking place, a hedge against devaluation, a hedge against a loss of purchasing power and wealth.

Source

3️⃣ SEC Enforcement Director Claims Crypto Industry Makes ‘Creative Attempts’ To Avoid Guidelines 🔍

In prepared remarks for an SEC Speaks event on April 3, the SEC’s Director of the Division of Enforcement Gurbir Grewal has pushed back against criticism that the regulator is “recklessly” taking a ‘regulation by enforcement’ approach to cryptocurrencies. Grewal pointed to Sam Bankman-Fried as an example of the need for enforcement cases. He also claimed that companies in the crypto industry had made “many creative attempts” to avoid the commission’s jurisdiction by continuing to operate in the United States.

Source

4️⃣ SEC Calls for Comments on Fidelity, Grayscale and Bitwise Spot Ether ETF Applications 🎙

In separate notices filed on April 2, the United States Securities and Exchange Commission (SEC) announced that it is soliciting comments from the public on proposed rule changes allowing the listing and trading of shares of three spot Ether exchange-traded funds from asset managers Bitwise, Fidelity and Grayscale. Notably, the proposed ETF filings from Bitwise, Grayscale and Fidelity came ahead of the commission’s final decision on the investment vehicle, which is expected in May.

Source

5️⃣ OneCoin’s Legal Boss Gets 4 Years Jail for Massive $4B Crypto Scam 👮

According to a Bloomberg report, Irina Dilkinska, the former head of legal and compliance for the multibillion-dollar OneCoin fraud scheme, has been sentenced to four years in jail after admitting she helped launder millions of dollars. Dilkinska was also sentenced to one month of supervised release and ordered to forfeit $111 million as restitution. Judge Ramos reportedly denied Dilkinska’s request to avoid jail time and return home to care for young children in Bulgaria.

Source

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🔔 MARKET MOVING NEWS! (03/04/24)

1️⃣ U.S Government Moves Bitcoin From Seized Silk Road Wallet Holding $2 Billion in Funds 💸

On-chain data reveals that a wallet tagged as belonging to the United States Department of Justice has started moving some of the $2 billion worth of BTC it holds. According to pseudonymous blockchain analyst ZachXBT the funds were moved to a Coinbase deposit address.Specifically, around 2,000 BTC were moved to a wallet tagged as belonging to Coinbase while the remainder were moved to a wallet Arkham identified as belonging to the government.

Source

2️⃣ Argentine Government Passes Registration Requirements For Crypto Firms 🔍

The Argentine government has reportedly begun implementing requirements for cryptocurrency exchanges to operate legally in the country. Specifically, Argentina’s Comisión Nacional de Valores (CNV) made an announcement on March 25 stating that virtual asset service providers would be operating in accordance with recommendations from the Financial Action Task Force (FATF).

In response to the announcement, Max Kieser, a longtime Bitcoin maxi and an advisor to El Salvador President Nayib Bukele, tweeted,

Javier Milei makes his first major mistake. He never took the time to understand #Bitcoin, now he’ll suffer the consequences.

Source

3️⃣ Bitfinex Derivatives Users Can Now Place Bets on Bitcoin and Ether Implied Volatility 🔴

Crypto exchange Bitfinex has announced the launch of perpetual futures tied to bitcoin (BTC) and ether (ETH) volatility indices. Notably, this allows traders to place bets on expected price turbulence in the assets. The new futures are based on the decentralised derivatives platform Volmex’s bitcoin implied volatility index (BVIV) and ether implied volatility index (EVIV). According to Volmex, the two indices are analogous to Wall Street’s fear gauge, the VIX index, which is derived from the options market tied to the S&P 500 index.

Bitfinex’s head of derivatives, Jag Kooner stated,

The creation of these indices allows our customers to not only monitor but actually trade the implied volatility of Bitcoin and Ether in a simple perpetual format [...] Tracking the 30-day implied volatility in Bitcoin and Ether options contracts without the need to roll — i.e. dated futures — opens up the product to both retail and institutional investors alike.

Source

4️⃣ Largest Ethena Airdrop Recipient Gets Nearly $2M ☄️

According to on-chain data analysed by Arkham Intelligence, the largest recipient of the Ethena Labs airdrop received 3.3 million Ethena tokens (worth nearly $2 million). Following the airdrop, the Ethena token was listed for trading at 8:00 am UTC on some of the biggest centralised crypto exchanges, including Binance, Bybit, KuCoin, HTX, MEXC and BitMart. Since then, the Ethena token has surged by over 60% in the past 24 hours and currently occupies the 80th ranking on largest cryptocurrencies by market cap chart.

Source

5️⃣ Crypto VC Paradigm in Talks to Raise Over $750 Million for Fund 💵

According to a Bloomberg report, crypto-focused VC firm Paradigm is in talks with investors to raise between $750 million and $850 million for a new fund. Notably, Bloomberg commneted that the deal would mark the industry's biggest since the recent crypto winter slump, even if it is completed at the lower end of the range. Some of Paradigm’s most notable Web3-related investments include Coinbase, Fireblocks, Blast, Optimism, Uniswap, Gitcoin and friend.tech.

Source

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🔔 MARKET MOVING NEWS! (02/04/24)

1️⃣ Singapore Enacts Licencing Requirements for Crypto Custody Services and Others ☄️

The Monetary Authority of Singapore (MAS) has reportedly expanded the scope of what cryptocurrency-related activities it regulates to include custodial services. The change in scope also includes cross-border money transfers even when the money is not accepted or received in the city-state, and the facilitation of the transmission of crypto between accounts and exchanges.

Notably, the legislation to do the same was passed in 2021 with amendments to the Payment Services Act. While it was supposed to be enacted in the fourth quarter of 2021, the MAS made the changes live only on Tuesday. Any entity that is currently conducting crypto-related activities under the Payment Services Act will need to start a transition process within 30 days and submit a license application within six months from April 4, 2024, to continue activities temporarily till their application is reviewed.

Source

2️⃣ ZachXBT Onboarded As Custodian For Return Of Funds In $63M Munchables Exploit 🔴

Blockchain sleuth ZachXBT has reportedly been onboarded as one of four custodians to a multisig wallet holding GameFi protocol Munchables’ hacked user funds. The other custodians are Manifold Trading, Selini Capital and Munchables.

The Munchables developers’ announcement reads,

ZachXBT will be joining as the 4th signer on the multisig at this stage, completing the safe return of user funds. We will also be onboarding Nethermind to audit all our refreshed contracts before going live again.

Source

3️⃣ FTX Founder Sam Bankman-Fried Speaks Out After Sentencing: 'I'M Haunted, Every Day, By What Was Lost' 🔍

In a recent email interview with ABC News, former FTX CEO Sam Bankman-Fried said that he is remorseful for his actions after he was sentenced to 25 years in prison for fraud last week. Notably, the statement comes after U.S. District Judge Lewis Kaplan said Bankman-Fried never offered “a word of remorse” for his “terrible crimes.”

He also stated,

It’s most of what I think about each day. I never thought that what I was doing was illegal. But I tried to hold myself to a high standard, and I certainly didn’t meet that standard. I’ve heard and seen the despair, frustration and sense of betrayal from thousands of customers; they deserve to be paid in full at the current price.

Source

4️⃣ Tether Completes ‘Gold Standard’ Security Audit ✨

Stablecoin issuer Tether has reportedly successfully completed a System and Organization Controls 2 (SOC) audit — the highest level of security compliance that an organization can demonstrate. The audit was developed by the American Institute of Certified Accountants (AICPA).

Tether CEO Paolo Ardoino has stated that the audit underscored Tether’s commitment to offering a secure user experience. The firm also committed to undergoing annual SOC 2 audits to ensure its security practices remain consistent with the standards. It also stated that it aims to achieve the SOC 2 Type II certification by the end of 2025.

Source

5️⃣ Binance Forms Board Of Directors For The First Time ‼️

Binance Holdings has reportedly formed a seven-person board of directors filled with company executives and independent members. Notably, the move is part of Binance’s agreement with U.S. authorities, which required the firm to form a board of directors with independent members and compliance and audit committees.

The firm’s board of directors is chaired by Gabriel Abed, the former ambassador of Barbados to the United Arab Emirates (UAE). Other members include Binance CEO Richard Teng, Binance co-founder Heina Chen, Bayview Acquisition Corp CEO Xin Wang, Gojo & Company managing partner Arnaud Ventura, Roger Wang and Rock He.

Source

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🔔 MARKET MOVING NEWS! (01/04/24)

1️⃣ SEC’s Spot Ether ETF Concerns Unfounded, Consensys Asserts 🎙

In a comment letter submitted to the United States Securities and Exchange Commission (SEC), Consensys addressed the regulator’s inquiry about potential fraud and manipulation risks related to Ethereum’s proof-of-stake system by calling them “baseless.”

Consensys highlighted that Ethereum boasts a larger developer community than Bitcoin and operates on a fully transparent and public blockchain. Consensys urged the SEC to acknowledge Ethereum’s superior security features, surpassing those of Bitcoin-based ETPs previously approved by the SEC.

Source

2️⃣ Bitwise CIO Wants The SEC To Delay Approvals Until December 🔴

According to a recent Forbes report, Bitwise Asset Management wants the U.S. SEC to delay Ethereum spot ETF approval until December. Notably, Bitwise chief investment officer Matt Hougan believes that the asset management industry is too focused on Bitcoin products to provide the necessary attention for the development of an Ethereum ETF. Bitwise had just recently filed S-1 and 19-b4 forms with the Securities and Exchange Commission (SEC) to list a spot Ethereum ETF.

Source

3️⃣ FTX Bankruptcy Estate Aiming to Begin Repaying Creditors by The End Of 2024 🔍

According to notes from a meeting of FTX Digital's Joint Official Liquidators in the Bahamas, the defunct crypto exchange’s bankruptcy estate is planning to begin repaying customers by the end of 2024.

Notably, FTX's bankruptcy is made up of two separate processes running in parallel: the Chapter 11 bankruptcy being adjudicated in a Delaware court in the United States and the official liquidation process of FTX Digital, FTX's subsidy based in the Bahamas. However, both sides of the estate have agreed to work together such that creditors may submit their claim to either entity. Currently, the deadline for creditors to submit claims on FTX's claims portal is May 15. However, the deadline "is now expected to be extended to at least June 2024 based on recent developments."

Source

4️⃣ First Deal Closes On Crypto Angel Investing Platform Echo, Raising $300,000 For Ethena 💵

Echo, a new angel investment platform currently in beta, has reportedly closed its first deal. Notably, Echo was created by crypto trader Jordan Fish, best known by his alias Cobie. Echo’s first deal, which only took three hours for its users to close, was a $300,000 investment in "synthetic dollar" protocol Ethena. Interestingly, deal participants were able to buy in at Ethena's previous $300 million valuation, minus a 5% carry fee for the Echo platform. This is half the value of a recent private sale which valued Ethena at $600 million in Fully Diluted Value (FDV).

Source

5️⃣ Thailand’s Biggest Crypto Exchange Hiring Advisers for 2025 IPO ‼️

According to a Bloomberg report, Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurrency exchange Bitkub, is hiring financial advisers to facilitate its planned initial public offering (IPO) listing. Bitkub CEO Jirayut Srupsrisopa told Bloomberg that the IPO is expected to value the exchange at around 6 billion baht ($165 million). Jirayut also revealed that Bitkub aims to go public on the Stock Exchange of Thailand (SET) in 2025.

Source

6️⃣ Tether Boosts Bitcoin Reserves With Latest Acquisition 💸

Stablecoin issuer Tether reportedly acquired 8,888 BTC (worth $618 million) on March 31. Notably, this brings Tether’s BTC balance to 75,354 BTC. Tether’s BTC holdings were bought at an average price of $30,305, worth around $5.2 billion at the time of writing. According to CoinStats data, the wallet is up over 128%, with a current unrealised profit of $2.94 billion.

Source

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🔔 MARKET MOVING NEWS! (31/03/24)

1️⃣ Sphere 3D’s Legal Issues Escalate As Gryphon Seeks To Block $10M ⚡️

Bitcoin Miner Gryphon Digital Mining has reportedly filed a pre-motion letter in its lawsuit against Bitcoin miner Sphere 3D before the United States District Court for the Southern District of New York.

Specifically, Gryphon is requesting permission to file a motion for prejudgment attachment, seeking to secure $10 million in equity proceeds that Sphere recently received from a settlement related to Core Scientific’s bankruptcy exit. Gryphon reportedly wants to ensure that the funds are available to satisfy any judgment it may receive due to Sphere’s alleged breach of contract, which has damages amounting to at least $30 million.

Source

2️⃣ Tornado Cash Dev Roman Storm Moves to Dismiss Indictment Over Crypto-Laundering Allegations 🔍

Tornado Cash developer Roman Storm's legal team has reportedly filed a motion to dismiss a criminal indictment that alleges he operated a money laundering business and violated the International Emergency Economic Powers Act. The motion argues that building Tornado Cash, a tool that can be used to obscure the origin and destination of cryptocurrency transfers, is not the same as laundering money.

The filing reads,

Storm is a developer, and his only agreement, together with the members of his U.S-based company, was to build software solutions to provide financial privacy to legitimate cryptocurrency users. This is not a crime.

Source

3️⃣ Crypto Social Media Firm Merkle Gets Unicorn Valuation in Paradigm Deal 🦄

Merkle Manufactory, the company behind the social network Farcaster, is reportedly close to completing a funding round valuing it at about $1 billion. Merkle was co-founded in 2020 by former Coinbase executives Dan Romero and Varun Srinivasan. Crypto investment firm Paradigm is reportedly leading the funding round. The news was confirmed by Dan Romero on March 29 in a post on Warpcast, the Farcaster app developed by Merkle.

Source

4️⃣ Prisma Finance Hacker Defends Exploit, Demands Public Apology ‼️

The Prisma Finance hacker is reportedly demanding that the Prisma Finance team hold an online press conference, identify themselves publicly, and apologize to users, investors, and praise the hacker in exchange for returning the funds to the protocol.

The hacker reportedly sent an on-chain message criticising the Prisma team for not catching the mistake. It reads,

I hope this would help ppl be more careful participating in defi, the teams would be more responsible, and everyone would change their minds about things like this. After it happens, the amount I would keep, and the amount that I can send to you would be discussed (stay assured, most of it would be returned).

Source

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🔔 MARKET MOVING NEWS! (30/03/24)

1️⃣ Solana User Wallets Drained of $523K as BONKbot Team Denies Link 🥶

According to a Decrypt report, a string of wallet drainer attacks on Solana over the last day may be tied to Telegram trading bots. The report states that some victims pointed the finger at BONKbot as the most likely culprit source of the exploit. However, the BONKbot team denies that the exploit is tied to their application.

They stated,

BONKbot is SAFE—but there are exploits being triggered elsewhere in the ecosystem! Our logs show that every user account being drained has previously exported their private keys. There are also non-BONKbot wallets being drained. BONKbot users who did not export their keys are SAFE.

Source

2️⃣ Bitcoin Runes Coming to Magic Eden After Ordinals Bet Pays Off ⚡️

Cross-chain NFT marketplace Magic Eden is reportedly planning to support the upcoming Runes fungible token standard on Bitcoin.

Magic Eden co-founder and Chief Operating Officer Z Yin told Decrypt,

We think Runes is going to supercharge the Bitcoin ecosystem even further, opening up a new wave of builders and asset types previously only possible on other layer-1 chains. We have long-term conviction on native Bitcoin activity. It is a no-brainer for us to double down on this ecosystem by adding Runes to our existing Ordinals marketplace, which has already hit $1 billion in volume in 2024 alone.

Source

3️⃣ Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application 🔽

The United States District Court for the District of Wyoming has reportedly ruled against granting Custodia Bank a U.S. Federal Reserve master account and dismissed the digital asset bank’s plea for a declaratory judgment.

The judge stated that federal laws do not require the nation's central bank to give every eligible depository institution access to its master account system, nor did the provided evidence suggest that the Federal Reserve Board of Governors influence a regional branch of the Fed to deny its application for an account. However, a spokesperson for Custodia Bank confirmed that the team was looking at options to challenge the court’s decision, including filing an appeal.

Source

4️⃣ Grayscale Introduces Crypto Investment Fund That Prioritizes Staking Rewards ☄️

Grayscale Investments has announced the launch of the ‘Grayscale Dynamic Income Fund.’ The new fund is reportedly tailored to sophisticated clients eager to expose their portfolios to income generated from staking cryptocurrency tokens. However, it is only available to clients with more than $1.1 million assets under management or a net worth of more than $2.2 million. The fund will reportedly convert staking rewards into United States dollars every week, with distributions planned quarterly for investors

Source

5️⃣ Binance Executives File Suit Against Nigeria: Local Media ‼️

According to local media reports, the two Binance executives who were charged alongside the company earlier this month with four counts of tax evasion by Nigerian authorities, have sued the National Security Adviser, Nuhu Ribadu, and the Economic Financial Crimes Commission for violating their fundamental human rights.

Additionally, Tigran Gambaryan, the head of financial crime compliance at Binance, and Nadeem Anjarwalla, the regional manager for Africa, urged the Federal High Court in Abuja to order the agencies to release them, return their passports and issue a public apology,

Source

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🔔 MARKET MOVING NEWS! (29/03/24)

1️⃣ Sam Bankman-Fried Sentenced to 25 Years in Prison ⚡️

Yesterday, federal judge Lewis Kaplan sentenced former FTX CEO Sam Bankman-Fried (SBF) to a 25-year prison sentence for his criminal involvement in the fraud and conspiracy at FTX. As he prepared to deliver the sentence, Judge Lewis Kaplan said that SBF’s attempt to craft a positive and altruistic persona in the public eye was, at least in part, "an act" and that he never offered "a word of remorse for [the] commission of terrible crimes."

Commenting on the sentencing, U.S. Attorney for the Southern District of New York Damian Williams tweeted,

Today's sentence will prevent the defendant from ever again committing fraud and is an important message to others who might be tempted to engage in financial crimes that justice will be swift, and the consequences will be severe. The scale of his crimes is measured not just by the amount of money that was stolen, but by the extraordinary harm caused to victims, who in some cases had their life savings wiped out overnight.

Source 

2️⃣ 'Call of Duty' Players Have Their Bitcoin Swiped Thanks to Malware 🥶

A mysterious group of cybercriminals have reportedly released an information stealer malware targeting gamers who cheat in Call of Duty. The attack also targeted players seeking “pay-to-cheat” software for use on Activision Blizzard’s Battle.net, the PC platform for games like World of Warcraft, Overwatch, and Diablo.

Notably, the cheat software installed a crypto-drainer malware onto the user’s computer which could be used to gain access to information to swipe coins from their Bitcoin wallets. Call of Duty cheat code provider “PhantomOverlay” was the first to notice the suspicious activity after users reported unauthorised purchases.

Source

3️⃣ Bitwise Files With SEC For Spot Ether ETF Listing ‼️

Asset management firm Bitwise has reportedly filed a Form S-1 registration statement with the United States Securities and Exchange Commission (SEC) to list and trade shares of a spot Ether exchange-traded fund (ETF). Notably, the filing comes amid speculation that the SEC is seeking to classify Ether as a ‘security’ under its regulatory purview, putting future listings of spot ETF ETFs into doubt. Bitwise states that it intends to list shares of the ETH investment vehicle on NYSE Arca. The final SEC deadline for approving or denying the next round of spot ETH ETF applications will come on May 23, starting with VanEck’s investment vehicle.

Source 

4️⃣ Prisma Finance $11.6M Hacker Claims It Was A ‘Whitehat Rescue’ 🔍

Yesterday, DeFi protocol Prisma Finance was exploited for around $11.6 million worth of crypto. However, according to recent on-chain messages, it appears the hacker behind the exploit is claiming it was a “whitehat rescue” and is enquiring about returning the funds. The Prisma team appears to have responded to the hacker two hours later stating: “Please contact us at negotiations@prismafinance.com.”

Source 

5️⃣ FTX Estate to Unload $7.6B Locked Solana Balance at 68% Discount 🔽

According to recent reports, the estate of the bankrupt crypto exchange FTX will sell its balance of 41 million Solana (worth $7.65 billion) to institutional investors at around $60, or a 68% discount to its current market price. The reports state that at least one investor has confirmed the discounted sales. As per a March 7 Bloomberg report, the vesting period for the purchase of discounted SOL tokens is four years.

Source

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🚨 New Video Alert!! 🚨

Is ETH a security? The SEC seems to think so. This could be very bad for ETH’s price, and even worse for the crypto industry. This depends on whether the SEC’s investigation turns into a lawsuit.

Figuring this out requires quite a bit of background about the SEC and crypto regulations. Fortunately, this is information we’re familiar with. Unfortunately, it suggests that Ethereum could be in trouble.

That’s because it’s not Gary Gensler that decides whether the investigation turns into a lawsuit. It will be the SEC’s enforcement director, Gurbir Grewal. Let’s just say that he’s made his intentions clear.

This is a video you can’t miss.

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🔥 Rally Report 🔥

BITCOIN CASH

The price of BCH has rallied by 17% in the past 24 hours.

WHY?!

📈 The rally comes ahead of the Bitcoin Cash halving event on April 4. Notably, post-halving the block reward will drop to 3.125 BCH.

🔍 Additionally, open interest on BCH-tracked futures more than doubled to $500 million today from $213 million last week.

If you want to buy or trade BCH, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

🔗 https://www.coinbureau.com/deals/trading/bybit-cb/

Looking for a Bybit guide?! 👇

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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🚨 New Video Alert!! 🚨

SOL has been on fire lately, and it looks like it could be the first large cap altcoin to hit a new all time high. Of course, this is due to all the bullish updates, announcements, and developments around Solana.

The thing is that most of SOL’s buying pressure appears to be coming from speculative sources, mainly memecoins and NFTs. It’s hard to see how this buying pressure will continue indefinitely.

On the flipside however, Solana has some very bullish milestones coming up that could supercharge its adoption and address the outage and congestion issues that continue to plague its blockchain.

If you hold SOL, you can’t miss this video!

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🔥 Rally Report 🔥

FETCH.AI

The price of FET has rallied by 11% in the past 24 hours.

WHY?!

📈 The rally comes after reports emerged of a potential token merger between prominent artificial intelligence protocols, SingularityNet, Fetch.ai and Ocean Protocol.

🔍 The report states that the three platforms would continue to operate as separate entities while fostering their collaboration under a newly formed Superintelligence Collective under the new deal. The Superintelligence Collective will reportedly be run by Ben Goertzel, the founder and CEO of SingularityNet and Humayun Sheikh, the CEO of Fetch.ai, will be the chairman.

If you want to buy or trade FET, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

🔗 https://www.coinbureau.com/deals/trading/bybit-cb/

Looking for a Bybit guide?! 👇

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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🚨 New Video Alert!! 🚨

We’re really spoiling you today, folks.

Today’s video will give you a complete step-by-step guide to setting up and using OKX. For those of you not already aware, OKX serves millions of users and is one of the largest cryptocurrency exchanges in the world.

Not only will we walk you through everything from creating an account, depositing and withdrawals, but we’ll also cover various aspects of the exchange, such as Spot trading, Futures and Perpetuals, and more. We’ll also be throwing in some extra tips along the way to get you using OKX like a pro in no time at all.

And, as if that wasn’t already enough, we even have an EXCLUSIVE deal for you guys that you won’t find anywhere else.

So, be sure to watch right till the end!

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🔥 Rally Report 🔥

BITCOIN CASH

The price of BCH has rallied by 8% in the past 24 hours.

WHY?!

✨ Bitcoin Cash underwent its halving event at block height 840000, 22:45 UTC on April 3rd.

‼ Notably, the halving reduced Bitcoin Cash miners’ rewards from 6.25 BCH to 3.125 BCH.

If you want to buy or trade BCH, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

🔗 https://www.coinbureau.com/deals/trading/bybit-cb/

Looking for a Bybit guide?! 

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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🚨 New Video Alert!! 🚨

If you’ve been paying any attention to crypto lately, you’ll know that one narrative drawing a lot of hype is Real World Assets, or RWAs.

So, when we saw that a report was published about RWAs by none other than CoinGecko, we knew we had to take a closer look. As one of crypto’s leading tracking sites, it's safe to say that CoinGecko will have a better insight into the market than most.

There are many different aspects to the RWA niche. As time goes on, more and more things are being tokenised and finding their way onto the blockchain, including treasuries, real estate, fashion items, and much more. CoinGecko’s report looks into each of these, giving their insights into one of crypto’s hottest narratives.

This is a video you’ll want to watch until the end!

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🔥 Rally Report 🔥

ETHENA

The price of ENA has rallied by 62% in the past 24 hours.

WHY?!

✨ The rally comes as a result of the large interest in the yield-farming protocol following the launch of its native governance token ENA.

‼ Notably, this demand has been further fueled by a proposed MakerDAO investment of $600 million in DAI into USDe and staked USDe (sUSDe) via the DeFi lending protocol, Morpho Labs.

If you want to buy or trade ENA, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

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Looking for a Bybit guide?! 

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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CRYPTO CHRONICLES 🚀

We are dropping our first album! Out this Bull Run 🔥

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🚨 New Video Alert!! 🚨

It’s been a whole seven days. That means it’s time for another weekly crypto review! In this week’s edition we look at how high BTC could go, and whether ETH will ever catch up.

We also analyse what’s been going on with memecoins and which blockchains the memecoin mania could move to next – our Coin Bureau Club members already know.

Last but not least, we assess the impacts that rising oil prices could have on the markets, and where last week’s top performing cryptos could be headed next (spoiler, it’s looking good).

Enjoy!

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🔥 Rally Report 🔥

PENDLE

The price of PENDLE has rallied by 11% in the past 24 hours.

WHY?!

‼ The Pendle team confirmed yesterday that they had regained access to their X (formerly Twitter) account after being logged out of the account for over 2 hours.

🔍 Another possible factor is that investors are looking at PENDLE as a beta play on Eigenlayer points.

If you want to buy or trade PENDLE, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

🔗 https://www.coinbureau.com/deals/trading/bybit-cb/

Looking for a Bybit guide?! 

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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🚨 New Video Alert!! 🚨

It’s hard to think of a single person more bullish on Bitcoin than former Microstrategy CEO, Michael Saylor.

Since the company’s first purchase of BTC back in 2020, Saylor has quickly become one of the most influential figureheads for its adoption. In fact, Microstrategy has been raking in so much BTC lately that today it owns more than 1% of the 21 million BTC supply that will ever exist.

This could be a scary thought at first, until you realise just how much Saylor values the promise of Bitcoin. Put simply, he never plans to sell any of it, and only wants more.

That’s why today’s video will take a look at Microstrategy, how Michael Saylor’s bullishness is helping to prop up BTC, and what could happen next.

This is a video you cannot miss!

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🔥 Rally Report 🔥

SATS

The price of SATS has rallied by 8% in the past 24 hours.

WHY?!

📈 Part of a larger rally seen among BRC-20 projects.

🔍 Notably, the rally comes ahead of Bitcoin’s halving event in April.

If you want to buy or trade SATS, we have a 20% trading fee discount + $600 bonus for you on Binance 👇

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🔥 Rally Report 🔥

JUPITER

The price of JUP has rallied by 20% in the past 24 hours.

WHY?!

📈 The rally comes after Jupiter announced the first Jupiter Core Working Group (CWG) budget proposal is live.

‼️ JUP stakers can now vote on funding the CWG, which plays a key role in building out DAO processes and facilitating the community’s role in LFG selection, token-list, grants program, and other community-led initiatives.

If you want to buy or trade JUP, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

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Looking for a Bybit guide?! 👇

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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https://www.youtube.com/watch?v=OpVfpNJzvII

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🔔 MARKET MOVING NEWS! (28/03/24)

1️⃣ Ethena to Debut Governance Token Next Week ⚡️

In a recently published blog post, DeFi protocol Ethena unveiled plans to debut its governance token ‘ENA’ through an upcoming airdrop to users on April 2nd. Specifically, 750 million ENA tokens, or 5% of the total supply will be airdropped to users. The blog post also revealed that the protocol’s “shards” campaign will end on April 1. Those who unstake, unlock or sell all their USDe before this date will not be eligible for the airdrop. Ethena also stated that it will start a campaign with new incentives for the next phase of the airdrop.

Source

2️⃣ 21Shares Debuts Toncoin Staking ETP TONN On SIX Exchange 🌚

Crypto ETP issuer 21Shares has reportedly launched a staking ETP based on Toncoin (TON). According to the press release, the new Toncoin Staking ETP is a 100% physically backed product that tracks the performance of TON while reinvesting staking yields into the ETP for enhanced performance. The product started trading on the Swiss SIX Exchange under the ticker TONN on March 27.

According to 21Shares co-founder and president Ophelia Snyder, TONN is the “first and only TON ETP” ever launched. Snyder revealed that the firm opted to launch a staking ETP instead of a spot one because staking ETPs are “superior to non-staking ETPs as the staking yield benefits ETP holders.”

Source

3️⃣ SEC Coinbase Wallet Triumph Over SEC Allegations Is A ‘Giant Win’ For DeFi ‼️

Yesterday, U.S. District Judge Katherine Failla denied Coinbase’s bid to dismiss a Securities and Exchange Commission’s lawsuit, finding the SEC “sufficiently pleaded” Coinbase was unlicensed and its crypto staking offering was unregistered securities. However, the judge also determined the SEC failed to allege that Coinbase conducted brokerage activity through Coinbase Wallet, its self-custody crypto wallet app.

Noting the significance of this ruling, Ethena Labs general counsel Zach Rosenberg tweeted,

[This] is a pretty giant win for browser-based wallet extensions, application front ends, and other similar applications. [It’s] not just that Coinbase won, but the basis for it. Merely helping users discover onchain prices does not invoke routing or making recommendations, and Coinbase never has any control over users' assets or transactions, even though it does provide the user [with] a means to "arrange" them in the market. Coinbase winning on this issue at this stage means the Court did not think that, even accepting all well-pled SEC allegations as categorically true, there was a plausible basis to conclude that Coinbase acted as a broker by virtue of offering Coinbase Wallet.

Source

4️⃣ U.S Has its 11th Spot Bitcoin ETF After Hashdex Fund Conversion 💸

More than two months after the initial launch of ten spot Bitcoin ETFs, crypto asset manager Hashdex announced the launch of its Bitcoin ETF on the New York Stock Exchange on Tuesday. Notably, this will be the eleventh spot Bitcoin ETF to go live.

Hashdex’s spot BTC ETF will trade under the ticker DEFI. Hashdex’s Bitcoin Futures ETF was reportedly renamed and converted into the spot Hashdex Bitcoin ETF. Hashdex also stated in a press release that DEFI can hold up to 5% of the fund's assets in CME-traded bitcoin futures contracts.

Source

5️⃣ Indonesia Will Require Crypto Products to Pass Through Regulatory Sandbox or Be Deemed Illegal 🔍

The Indonesian Financial Services Authority (OJK) will reportedly take over regulation of the crypto industry from the commodities agency Bappebti in January 2025. Once under OJK's oversight, crypto will most likely be reclassified as financial instruments.

The regulator stated that crypto firms will need to be evaluated in a regulatory sandbox before they're licensed to operate in Indonesia. Firms that offer services in the country without being evaluated in the sandbox will reportedly be considered to be operating illegally.

Source

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https://www.youtube.com/watch?v=Paqsgq-BPO4

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🔔 MARKET MOVING NEWS! (27/03/24)

1️⃣ Blast NFT Game Munchables Recovers $62 Million Stolen in Exploit ⚡️

Munchables, an NFT game on the recently launched Ethereum layer 2 network Blast, reportedly lost $62 million last night in an exploit. The team posted an update early this morning confirming that the exploit was carried out by an insider who worked on the game. However, the announcement also revealed that the developer had "agreed to share the keys for the full Munchables funds without any condition," indicating that all of the exploited funds were now safe. Not long after, it appeared the Munchables team sent a few test transactions and then moved the $62 million from the exploiter wallet into a multi-signature wallet.

Source

2️⃣ Kucoin Says User Assets Are Unaffected By US SDNY Indictment 🤔

U.S. federal prosecutors have reportedly charged crypto exchange KuCoin and two of its founders with violating anti-money laundering laws on Tuesday. Specifically, the indictment accuses the exchange of operating in the U.S. and lying to at least one of its investors about the same. It also states that Kucoin failed to maintain an anti-money laundering program in addition to not registering with U.S. government entities.

Kucoin made a public response to the lawsuit by stating,

KuCoin is operating well, and the assets of our users are absolutely safe. We are aware of the related reports and are currently investigating the details through our lawyers. KuCoin respect the laws and regulations of various countries and strictly adheres to compliance standards.

Source

3️⃣ House Republicans Demand SEC Explain What's Up With Crypto Platform Prometheum 🔍

In a letter sent yesterday to Securities and Exchange Commission (SEC) Chair Gary Gensler, lawmakers with the United States House Financial Services Committee and House Agriculture Committee expressed concerns about how the SEC intends to handle Ether. Specifically, the letter urged the commission to address crypto firm Prometheum’s intention to offer institutional custody services for Ether.

The letter reads,

We are faced with an alarming scenario in which a SPBD has announced that it intends to offer custodial services for ETH under a regime that does not permit such activity. This action, if allowed to proceed, could have irreparable consequences for the digital asset markets.

Source

4️⃣ Coinbase To Move Customer And Corporate USDC Balances To Base ‼️

Crypto exchange Coinbase will reportedly start moving more of its customer and corporate USDC stablecoin accounts to Base. Notably, Coinbase vice president Max Branzburg tweeted that the move would allow the crypto exchange to “manage and secure customer funds with lower fees and faster settlement times.” However, this change only impacts Coinbase.com accounts and not its self-custodial wallet product Coinbase Wallet. Branzburg also stressed that Coinbase always holds customer assets 1:1 and doesn’t lend funds out unless instructed.

Source

5️⃣ USDT Issuer Tether Pushes Into AI, Prioritizing ‘Transparency and Privacy’ 🤖

Stablecoin issuer Tether is reportedly establishing a unit focused on artificial intelligence (AI) and has started a recruitment drive to help fill it. The new AI focus will reportedly include developing open-source, multimodal AI models and “new industry standards.”

Tether CEO Paolo Ardoino stated,

Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds. Our investment in Northern Data Group, known for resilient and high-performance technologies, aligns perfectly with our vision.

Source

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https://www.youtube.com/watch?v=vT_jR4sRjqI

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🔔 MARKET MOVING NEWS! (26/03/24)

1️⃣ London Stock Exchange Will Start Market for Bitcoin and Ether ETNs On May 28 ⚡️

The London Stock Exchange (LSE) has announced that trading for bitcoin and ether crypto exchange-traded notes (ETNs) will commence on May 28th. It also stated that it will accept applications for trading those crypto ETNs from April 8. The market will reportedly be subject to the approval of the U.K. regulator, the Financial Conduct Authority.

The LSE stated,

In choosing this date we have taken into consideration that we need to ensure that issuers meet the requirements for consideration detailed in the Crypto ETN factsheet and importantly, it will also enable those issuers planning on admitting securities on the launch date, time to prepare documentation to establish a Crypto ETN programme which will require a base prospectus to be approved by the FCA.

Source

2️⃣ Attacker Mints 1 Billion CGT Governance Tokens In Exploit Within Curio Ecosystem ‼️

RWA platform Curio has reportedly experienced a $16 million exploit within its ecosystem. According to Cyvers, the exploit seemed to stem from a permission access logic vulnerability that allowed an attacker to mint an additional 1 billion CGT tokens. The attacker in question currently holds these CGT tokens, which are worth nearly $40 million. Curio further revealed that a MakerDAO-based smart contract used within the ecosystem was exploited on the Ethereum side. It also stated that all Polkadot side and Curio Chain contracts remain secure.

Source

3️⃣ Binance Blocked by Philippines Securities Watchdog ❌

In a notice published on Monday, the Philippines Securities and Exchange Commission announced that it was blocking local access to crypto exchange Binance. The regulator reportedly filed a formal request with the national telecommunications agency on March 12 to help in "blocking the website and other web pages used by Binance, which was found to have offered an investment and trading platform without the necessary license."

Source

4️⃣ SEC Seeks $1.95B Fine in Final Judgment Against Ripple 🥶

According to recent court filings, the U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a nearly $2 billion fine against Ripple Labs. Notably, Ripple Labs’ chief legal officer Stuart Alderoty had posted earlier on social media that the SEC was asking for such a fine and that redacted versions of the court documents would be made public by March 26. Specifically, the SEC's proposal seeks to make Ripple Labs pay $876 million in disgorgement, $198 million in prejudgment interest, and $876 million civil penalty, amounting to a total of $1.95 billion.

Source

5️⃣ Bitcoin ETFs See $15M Comeback As BTC Price Taps Best Close In 10 Days 🕯

The price of Bitcoin closed above $69,000 on March 25 as bulls reclaimed a key resistance zone. Notably, the price close comes as the spot bitcoin ETFs registered inflows totalling $15.4 million on Monday, ending a five-day run of outflows. The inflows were led by Fidelity’s FBTC with $261.8 million and followed by BlackRock’s IBIT with $35.5 million. However, Grayscale’s GBTC continued to bleed money, losing just over $350 million.

Source

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