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🚨 New Video Alert!! 🚨
It’s about time we did an altcoin update, don’t you think? Well, today we have a very special one for you: Fantom. Fantom has been in the news a lot lately because of its upcoming Sonic Upgrade.
The FTM token itself has also doubled in price (though it’s fallen a bit since that rally). More importantly, it appears that Fantom is pivoting its entire ecosystem over to Ethereum with the Sonic Network.
If you hold FTM or are interested in layer 2s, this is a video you need to see. The same is true if you’re a fan of Solana or Solana killers, as it seems that Fantom may be trying to compete on that front as well…
Enjoy!
🔥 Rally Report 🔥
BITTENSOR
The price of TAO has rallied by 12% in the past 24 hours.
WHY?!
❓ The rally seems to be fuelled by an unconfirmed rumour that digital asset manager Grayscale plans to register a new trust tracking the token.
🤔 Pseudonymous X user ‘CEYEBER’, who founded the official Bittensor Community Channel on Telegram, claims the Grayscale rumour has been “confirmed by close sources.” However, there is no evidence of this in SEC filings.
‼️ Another factor potentially influencing the rally could be the recent announcement made by Taobot, a component of the Bittensor ecosystem. Notably, the Taobot team announced that it had been accepted as one of the first projects to join Akash Network’s Llama 3 API beta.
If you want to buy or trade TAO, we have an exclusive trading fee discount of up to 60% on Kucoin 👇
🔗 https://www.coinbureau.com/deals/trading/kucoin/
🔥 Rally Report 🔥
GALA
The price of GALA has rallied by 18% in the past 24 hours.
WHY?!
‼️ The Gala Games exploiter has reportedly returned 5,913 ETH (worth $22M) to the team. The team has since stated that it will use GalaSwap to convert this Ethereum back to GALA. This is likely the primary driver behind the rally.
🔥 Gala Games will also refund all affected users while voting on a proposition to burn 5B tokens and restore the original supply of GALA.
If you want to buy or trade GALA, 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
🚨 New Video Alert!! 🚨
Buy Now, Pay Later. It’s something you’ve probably seen on various checkout pages, and there’s a good chance you’ve used it yourself at some point.
The idea is simple. You pay a small percentage of the cost upfront, and the remainder is split across a few small payments. A lot of people use this to break a purchase down into bite size chunks, allowing them to balance their finances out in a more affordable way.
The thing is though, there’s a lot more to Buy Now Pay Later (or “BNPL”, as it’s often called) than meets the eye. Under the layer of convenience lies a real threat to the borrower, the retailer, and the wider economy. Heck, it could even become the black swan event that takes the markets by surprise.
So, come with us as we dive into the BNPL craze - the good, the bad, and the downright ugly. And, as a bonus, we’ll even provide you with a few steps to avoid the need to use them in the first place.
🔔 MARKET MOVING NEWS! (21/05/24)
1️⃣ Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources 📈
According to a CoinDesk report, the U.S. Securities and Exchange Commission (SEC) has asked aspiring ether exchange-traded fund exchanges to update their 19b-4 filings on an accelerated basis. Bloomberg ETF analysts Eric Balchunas and James Seyffart, have also confirmed “chatter” about the same. This has prompted the pair to raise their approval odds from 25% to 75%.
Seyffart hinted that the investment vehicle was becoming an “increasingly political issue.” However, he also clarified that approved 19b-4s must be accompanied by signed-off S-1 registration statements for the spot Ether ETFs to launch. He said it could be weeks or even months for S-1s to be signed off, even if 19b-4s are approved this week.
Source
2️⃣ Yuga Labs Halts CryptoPunks Project After ‘Woke’ Community Backlash 🔍
On May 20, the official CryptoPunks account announced a new NFT collection called Super Punk World. The collection featured 500 pieces of hybridised 3D sculptures, which it described as blurring the lines of race and gender. The pieces were created by New York-based painter Nina Abney and aimed to pay homage to “the irreverent, early-internet roots of the CryptoPunks project.”
However, the project faced immediate backlash from collectors, including claims of “woke” artwork, sometimes accompanied by personal attacks on the artist. Yuga Labs CEO Greg Solano announced that the NFT company would “no longer touch” the CryptoPunks project. Instead, they plan to get Abney’s collection to those already supporting her work in the space. This means there may be a potential airdrop for SuperCoolWorld holders.
Source
3️⃣ 'We Messed Up': Gala Games Confirms $240 Million Worth of Tokens Swiped via Exploit ‼️
The native token of Gala Games, GALA, experienced a sharp decline in price after an attacker minted and made off with 5 billion tokens (worth around $240 million at the time of the exploit) via the Gala smart contract. The attacker, which was identified as a Gala games admin address, managed to sell 600 million Gala tokens (worth $29M) on Uniswap without prior announcement or explanation from Gala Games representatives.
Nearly two hours after the hack was spotted, Gala CEO Eric “Benefactor” Schiermeyer posted an update to the Gala Discord server confirming the exploit and explaining the situation. He stated,
We identified the compromise and within 45 minutes we secured and removed unauthorised access to the GALA contract. It's important to note our ETH contract for $GALA is secure and under the protection of a multi-sig wallet. It was never compromised. We messed up our internal controls... this shouldn't have happened and we are taking steps to ensure it doesn't ever again. We believe we have identified the culprit and we are currently working with the FBI, DOJ, and a network of international authorities.
🔔 MARKET MOVING NEWS! (20/05/24)
1️⃣ Crypto Exchange Kraken Has ‘No Plans’ To Delist USDT In Europe For Now 🔍
Mark Greenberg, Kraken’s global head of asset growth and management, recently made an X post confirming that the crypto exchange has “no plans” to delist Tether (USDT) in Europe for the time being. Notably, the statement follows a recent report claiming the firm was “actively reviewing” the decision to continue listing ‘USDT’ on its platform.
Greenberg’s post reads,
[Kraken] continues to list USDT in Europe and we have no plans to delist at this time. We know our European clients value access to USDT and we continue to look at all options to offer USDT under the upcoming regime. We will of course follow all legal requirements, even those we disagree with. But the rules are not finalized yet and we continue to do everything we can to continue to offer all relevant stablecoins to our European customers.
🚨 New Video Alert!! 🚨
As economies around the world start to deteriorate, everyone is wondering if a recession is around the corner. The short answer is that it seems to be. The real question is when and how bad.
As you can imagine, there are lots of recession indicators out there, and none of them are perfect. Still, by combining predictive indicators, current indicators, and lagging indicators, we can get a better view.
In today’s video, we do this for you, and explain exactly what a recession could mean for your job and your portfolio. This is one you’re going to want to watch until the end!
🔥 Rally Report 🔥
BONK
The price of BONK has rallied by 11% in the past 24 hours.
WHY?!
💰 Bonk is an official sponsor of Electric Daisy Carnival, an electronic dance music festival happening in Las Vegas between the 17th and 19th of May.
🐶 The festival features a large statute of the Bonk mascot and exclusive giveaways for people who tag the memecoin on social media with the hashtag #LetsBONKedc. Another factor behind the pump could be the recent BONK/KRW listing on the Korean crypto exchange Bithumb.
If you want to buy or trade BONK, 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
🔔 MARKET MOVING NEWS! (18/05/24)
1️⃣ Feds Charge Chinese Nationals in $73 Million 'Pig Butchering' Crypto Scam ❓
The U.S. Department of Justice (DOJ) has reportedly arrested two Chinese nationals accused of orchestrating a large-scale cryptocurrency operation that involved laundering over $73 million from ‘pig butchering’ crypto scams. The DOJ has charged them with committing money laundering and six counts of international money laundering.
The DOJ said,
The fraud scheme involved more than $73 million laundered through U.S. financial institutions to bank accounts in the Bahamas and converted to the virtual asset USDT, or Tether. A cryptocurrency wallet involved in the scheme received more than $341 million in virtual assets.
We think the market may be underestimating the timing and odds of a potential approval. Ether may yet have the potential to surprise to the upside in the coming months [and] does not appear to have major sources of supply-side overhangs such as token unlocks or miner sell pressure.
🔔 MARKET MOVING NEWS! (17/05/24)
1️⃣ Memecoin Launcher Pump.Fun Claims Ex-Employee Behind $1.9M Exploit ‼️
Yesterday, Solana-based memecoin launchpad pump.fun suffered an exploit that resulted in over $1.9M being stolen from the total $45 million held in pump.fun’s bonding curve contracts. This left the platform compromised and prompted its leadership to temporarily shut the site down.
In its post-mortem report on the attack, the memecoin launchpad identified a former employee as the person behind the exploit that occurred on the platform. The former employee reportedly used their privileged position to gain admin privileges. They then used flash loans to buy out memecoins until they reached 100% on their bonding curves, allowing them to gain liquidity to repay the loans. Pump.fun has announced that it has upgraded its contracts and that it plans to compensate affected users by seeding the LPs for each affected coin with an equal or greater amount of SOL liquidity within the next 24 hours.
Source
2️⃣ US Senate Passes Measure Withdrawing SEC Accounting Bulletin ▶️
The U.S. Senate has reportedly joined the House of Representatives in voting to approve a resolution rejecting the U.S. Securities and Exchange Commission's (SEC) controversial cryptocurrency accounting guidance known as SAB 121. The Senate voted 60-38 on the effort to overturn the policy.
Notably, SAB 121 requires firms, including banks, that custody crypto to record customer crypto holdings as liabilities on their balance sheets. The resolution passed by the Senate seeks to formally disapprove of the SEC's guidance, with support from both Democrats and Republicans. The measure will now go to President Joe Biden's desk, who has previously stated that he will veto the resolution.
Source
3️⃣ Telegram-Based Notcoin Debuts at $1B FDV on Ton Blockchain 🕯
Yesterday, Notcoin (NOT), a token belonging to the viral telegram clicker game of the same name, officially began trading on spot markets. The token debuted with a fully diluted value (FDV) of $1 billion and racked up $294 million in trading volume within the first hour of trading. Notcoin has a maximum supply of 102 billion, with 3% allocated to Binance Launchpool users and a further 1.5% set aside for OKX Jumpstart users.
Source
4️⃣ Alameda's Sam Trabucco Resurfaces to Defend FTX Exec Ahead of Sentencing ☄️
Sam Trabucco, the former Alameda Research co-CEO, reportedly sent a character reference letter dated May 6 for former FTX Digital Markets co-CEO Ryan Salame. Trabucco stated Salame was his best friend and wanted the consequences of his criminal actions to be “fair” based on his role in misappropriating FTX user funds.
The letter reads,
Ryan deserves to face the consequences of his actions — he intimately understands that. All I want is for those consequences to be fair — for him, but also for the world, which will be so much worse off not having him fully in it.
🔔 MARKET MOVING NEWS! (16/05/24)
1️⃣ Feds Arrest Crypto Bros for 'Attacking Ethereum' With MEV Exploit ❓
The United States Department of Justice has reportedly arrested two brothers - Anton and James Pepaire-Bueno, for attacking the Ethereum blockchain and stealing $25 million of cryptocurrency during a 12-second exploit. The brothers were charged with conspiracy to commit wire fraud, wire fraud and conspiracy to commit money laundering.
The exploit was reportedly focused on manipulating the maximum extractable value (MEV) in the Ethereum blockchain. In this case, the brothers allegedly deployed a series of test transactions that ultimately allowed them to have the blockchain “prematurely release the full content of a proposed block” and steal the crypto. The DOJ’s charges are significant because they represent a first-of-its-kind criminal action from the U.S. government related to the controversial practice of MEV. The government also suggested in the indictment that the very existence of MEV illustrates how Ethereum itself is a vulnerable system.
Source
2️⃣ Bitcoin Self-Custody Enshrined As a Right In Oklahoma 💸
Oklahoma has become the first U.S. state to pass a law protecting the right to self-custody Bitcoin. Notably, Oklahoma Governor Kevin Stitt signed the ‘Bitcoin Rights’ bill – HB3594 - into law on Monday. The bill enshrines Oklahomans’ legal right to mine, transact with, and self-custody cryptocurrencies, boosting the state’s reputation for being a friendly destination for crypto companies and investors.
The bill, HB3594, was introduced by Republican state Rep. Brian Hill and carried in the Senate by Republican state Sen. Bill Coleman. The bill also determines that digital assets used as payment cannot be subject to any additional taxes or charges over other methods. It was inspired by model policy from state-focused bitcoin mining advocacy group Satoshi Action Fund, which has helped introduce similar legislation in 15 other states.
Source
3️⃣ Eclipse Labs Promotes Vijay Chetty to CEO Nearly a Week After Neel Somani's Ouster 🔍
Eclipse Labs has reportedly appointed its former Chief Growth Officer, Vijay Chetty, as its new CEO. The development comes a week after its former CEO Neel Somani stepped down amid sexual assault allegations. Eclipse noted that Chetty brings over “a decade of crypto-native experience”, having held leadership positions at Uniswap Labs, dYdX Trading, and Ripple Labs in addition to having investing experience at BlackRock.
Source
4️⃣ Humanity Protocol Becomes Crypto’s New Digital Identity Unicorn 💰
Decentralised identity solution Humanity Protocol has officially become a unicorn after raising $30 million at a $1B valuation in a recent seed funding round. The round was led by Kingsway Capital and saw participation from investors such as Animoca Brands, Blockchain.com, Hashed, and Shima Capital among others. Humanity Protocol is reportedly planning to use the funds to expand its product development unit ahead of its public testnet launch in the second half of 2024.
Source
5️⃣ Futures Exchange CME Plans To Launch Spot Bitcoin Trading ⚡️
According to a Financial Times report, the world’s largest futures exchange ‘CME Group’ is planning to launch spot bitcoin trading for its clients. The Chicago-based group has reportedly been holding discussions with traders who want to buy and sell Bitcoin on a regulated marketplace. The report noted that CME's spot trading business could be run through the EBS currency trading venue in Switzerland. The spot market is expected to complement CME’s existing standard and micro futures contracts, which are widely considered a proxy for institutional activity.
Source
🔔 MARKET MOVING NEWS! (15/05/24)
1️⃣ Lending Protocol Sonne Finance Faces $20 Million Exploit, Pauses Markets On Optimism 🥶
Decentralised lending protocol Sonne Finance has reportedly experienced an exploit that resulted in losses of approximately $20 million. The exploit was due to a vulnerability in Compound v2 forks, and the hacker used a known donation attack to exploit the protocol.
The exploit on Sonne Finance’s USDC and WETH contracts was detected by Web3 security firm Cyvers. Since detection, Sonne Finance has paused all markets on Optimism while keeping those on Base operational. The team is offering a bounty to the attacker in exchange for the return of the funds and is currently investigating the identity of the exploiter.
Source
2️⃣ Degen Chain Back Online After Two-Day Hiatus 🤔
Ethereum layer-3 blockchain Degen Chain is back online after a two-day outage. The chain had been unusable since it effectively shut down at 20:15 UTC on May 12. Specifically, it failed to validate a transaction or produce a new block in over 53 hours.
The protocol relies on Conduit, a rollup infrastructure platform, for its technical framework and operational support, particularly for managing transactions and data availability. Conduit attributed the downtime to a "custom config change" that halted block production for Degen Chain.
Source
3️⃣ Vanguard Appoints Bitcoin-Friendly Former Blackrock ETF Lead As CEO ☄️
Investment management firm Vanguard has confirmed the appointment of Bitcoin-friendly former BlackRock executive Salim Ramji as its new CEO and member of the board, effective July 8. Ramji previously led BlackRock’s global exchange-traded fund business, overseeing the launch of its IBIT spot bitcoin ETF in the U.S. Notably, Ramji’s appointment comes as a surprise given Vanguard’s negative stance on bitcoin and Ramji’s known interest in the industry.
Ramji stated,
It's an honour to join Vanguard, an institution I have long admired and respected. I am drawn to Vanguard because of the firm's clarity and consistency of purpose and am very excited to get to work and partner with the outstanding leadership team to lead the company into the future.
Paxos’s commitment to compliance and dedication to building a more efficient and inclusive financial system resonates deeply with me. I look forward to leveraging my expertise to help guide Paxos as it continues to revolutionize traditional finance.
🔔 MARKET MOVING NEWS! (23/05/24)
1️⃣ U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support ☄️
The U.S. House of Representatives has reportedly voted to pass a bill known as the Financial Innovation and Technology for the 21st Century Act (FIT21). Notably, the FIT21 seeks to establish regulations for digital asset markets, marking a significant legislative accomplishment for the crypto industry. The bill received bipartisan support, with Democrats crossing party lines to vote in favour.
The bill will now move to the U.S. Senate, where its future is uncertain due to a lack of counterpart legislation and unclear support for the effort. If passed by the Senate and signed into law, the bill clarifies the roles the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have over digital assets.
Source
2️⃣ Gensler Must Answer for Prometheum, ‘Regulatory Uncertainty’ on Ethereum, Lawmakers Say ‼️
Chairman of the House Financial Services Committee Patrick McHenry and subcommittee heads Bill Huizenga and French Hill have reportedly sent a letter to SEC Chair Gary Gensler, demanding the SEC hand over records and communications related to Prometheum and the regulatory status of Ethereum.
The letter reads,
Prometheum’s announcement that it will offer custody services for ETH [raises] a number of questions regarding what are, and what are not, permitted activities for SPBDs. Without answers, […] our concerns about the precedent being set by the SEC, Financial Industry Regulatory Authority (FINRA), and Prometheum are growing.
Neither the Trust, nor the Sponsor, nor the Ether Custodian [...] nor any other person associated with the Trust will, directly or indirectly, engage in action where any portion of the Trust’s ETH becomes subject to the Ethereum proof-of-stake validation or is used to earn additional ETH or generate income or other earnings.
Basically, it's just starting. It feels a little like [the Division of Investment Management] was more-or-less caught off-guard by the change of tune. So, just starting.
🔔 MARKET MOVING NEWS! (22/05/24)
1️⃣ Farcaster, Blockchain-Based Social Media Startup, Raises $150M, Led by Paradigm 💰
Blockchain-based social-media project Farcaster has reportedly raised $150 million in a Series A funding round. According to a post by founder Dan Romero, the round was led by Paradigm and saw participation from a16z, Haun, USV, Variant and Standard Crypto. Romero also stated that the funding would support the development of Farcaster for several years and added that the project was hiring staff-level engineers.
Source
2️⃣ Uniswap Labs Fires Back Against SEC’s 'Weak and Wrong' Legal Threats 🔍
Uniswap Labs, the developer behind the DEX of the same name, has reportedly filed a response to the United States Securities and Exchange Commission (SEC) issuing a Wells notice to the firm. Uniswap Labs’ Chief Legal Officer Martin Ammori stated that the SEC would have to redefine what an exchange is in order to have jurisdiction over Uniswap.
The company stated,
Their legal arguments are weak and have been refuted by courts. The SEC’s aggressive theories are an effort to expand its jurisdiction beyond exchanges to communications technology—and beyond securities to all markets.
Worldcoin would retain personal data for a maximum of 10 years for the purpose of training AI models for the user verification process. The PCPD considered that the retention period was too long and amounted to prolonged retention of personal data.
5️⃣ Microsoft’s New ‘Black Mirror’ Recall Feature Records Everything You Do 🤖
Software giant Microsoft has launched a new feature called “Recall” for select Windows 11 PCs. Notably, the company stated that “recall” uses AI to keep a detailed log of user activity by storing local snapshots of everything the user does. This allows the program to remember and later find anything displayed on screen—including emails, websites, and applications. The new AI-powered feature will be available on Microsoft’s new line of “Copilot+ PCs.” The feature can also reportedly generate and refine AI images on-device using Cocreator, and translate over forty languages with Live Captions.
Source
6️⃣ Fidelity Files Amended S-1 Registration Statement, Removing Staking Rewards From Prospective Ethereum ETF 🔍
Asset management giant Fidelity has reportedly filed an amended S-1 application with the United States Securities and Exchange Commission (SEC) for its spot Ether exchange-traded fund (ETF). Notably, the amended statement removed all language about staking, including staking rewards. The previous prospectus had said the fund intended to stake a portion of its assets with a staking provider, which would have generated staking rewards.
Source
🔥 Rally Report 🔥
LIDO DAO
The price of LDO has rallied by 30% in the past 24 hours.
WHY?!
📈 Part of a larger rally among Ethereum ecosystem projects as favourable regulatory developments have increased the likelihood of approval for Spot Ethereum ETFs.
‼️ Notably, sources have stated that the SEC is asking exchanges to update 19b-4 filings on an accelerated basis, suggesting potential progress toward spot Ether ETF approvals.
If you want to buy or trade LDO, 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
🚨 New Video Alert!! 🚨
It’s been an exciting week in the crypto market, and we’re here to break it all down for you. As you might have noticed, BTC rallied quite hard in response to the CPI and the spot Bitcoin ETF inflows.
You may have also noticed that ETH is starting to wake up, at least relative to BTC. This is because the SEC is expected to decide about the spot Ethereum ETFs in the coming days, and it could be surprising.
At the same time, it looks like both Tether and China have started printing money, which is supporting the crypto market for different reasons. Not surprisingly, last week’s top performing cryptos rallied hard.
Be sure to stick around until the end to find out where they’re headed next!
🔔 MARKET MOVING NEWS! (19/05/24)
1️⃣ LayerZero Identifies Over 800K Addresses in Sybil Self-Reporting Phase ‼️
LayerZero Labs has officially concluded the Sybil self-reporting phase of its airdrop program. According to LayerZero, self-reported addresses that meet the criteria will receive 15% of their anticipated token allocation, while the remaining 85% will be redistributed to eligible users. A total of 803,093 addresses were identified as potential Sybil addresses. The complete list of addresses, including those self-reported and those identified through initial examinations by LayerZero, Chaos Labs and Nansen, has been released to the public.
Source
2️⃣ Phantom Wallet Climbs Apple App Store Charts 🔼
Cryptocurrency wallet Phantom Wallet has reportedly secured third place on the Apple App Store in the utility category, just behind Google and Google Chrome Apps. Given Phantom’s history of being initially launched as a Solana-only wallet, users speculate if this could be a bullish indicator for the Solana ecosystem. As for the overall ranking across all categories on the Apple app store, Phantom Wallet ranks 32nd, behind X and the artificial intelligence (AI) chatbot, ChatGPT.
Source
3️⃣ Venezuela Bans Crypto Mining To Protect Power Grid ▶️
According to local media reports, Venezuela’s Ministry of Electric Power plans to disconnect cryptocurrency mining farms from the national grid due to frequent power outages, as well as a fraud investigation against the national oil company PDVSA. Venezuela’s National Association of Cryptocurrencies also tweeted that crypto mining is prohibited in Venezuela. The move aims to regulate excessive energy consumption and guarantee a stable power supply for the population.
Source
4️⃣ XRPL On-Chain Transactions Jump 108% In Q1 2024 📈
According to Ripple’s Q1 2024 XRP Markets Report, on-chain transaction activity on the XRPL increased by 108% during Q1 of 2024 and the average transaction cost almost halved to approximately $0.000856. The report stated that the decrease in average cost per transaction indicated a “reset” and that “no network congestion occurred in the quarter.” The report also highlighted that the distribution of XRP trading volume among cryptocurrency exchanges stayed steady in the first quarter, with Binance, Bybit and Upbit accounting for more than 70% of the total traded volume.
Source
6️⃣ ZkSync Teases V24 Upgrade, Hints at Airdrop By End of June 🔍
In an X post on Friday, Ethereum layer-2 network ZkSync announced that the protocol’s v24 upgrade would come sometime this summer. The protocol stated that v24 was the “final planned protocol upgrade” before handing over network governance to the community. Some traders see the announcement as a sign that the network will conduct an airdrop this summer.
Source
🔥 Rally Report 🔥
ETHENA
The price of ENA has rallied by 11% in the past 24 hours.
WHY?!
🎙 Ethena Labs announced that it was increasing the yield on sUSDe to 37.2% until the end of June. The increased yield comes after the protocol decided to reduce the percentage of retained returns to 20%.
📈 Following the changes made by Ethena, DeFi protocol Pendle also announced that it was lifting the cap on its sUSDe pool to 250M
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!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🔥 Rally Report 🔥
CHAINLINK
The price of LINK has rallied by 18% in the past 24 hours.
WHY?!
☄️ Chainlink announced the results of a Smart NAV industry pilot with DTCC and 10 major financial institutions that delivered key mutual fund data on-chain.
🔍 The pilot demonstrated how DTCC and Chainlink can make net asset value (NAV) data available across virtually any private/public blockchain. This enables automated data dissemination and historical data access, which unlocks a multitude of use cases around fund tokenisation.
If you want to buy or trade LINK, 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
🚨 New Video Alert!! 🚨
What if your place in society was determined by a government algorithm? A system that scores everything you say and do, and punishes you in real time for incorrect speech and behaviour?
This is the dystopian nightmare conjured up by the words “Social Credit System”.
The Social Credit System is a very real policy in China. But how many of us know exactly what it is, or how it really works?
Today we have all the answers: what it is, how it came about, and just how worried we should be about it.
This is a video you can’t afford to miss!
🔥 Rally Report 🔥
SEI NETWORK
The price of SEI has rallied by 22% in the past 24 hours.
WHY?!
🎙 Sei has proposed an upgrade called ‘Sei v2’ to its live blockchain. The launch will be divided into three phases – Governance, Alpha and Beta.
☄️ The project stated that the upgrade is a major leap forward in building a blockchain that can support truly consumer-grade applications, serving millions of users.
If you want to buy or trade SEI, 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
🚨 New Video Alert!! 🚨
Speculation isn’t the only reason why people adopt Bitcoin. Besides entertainment, people use BTC because they must. It’s easy to forget that most of the world is using fiat currencies that are failing.
As more fiat currencies have started to falter, BTC adoption has increased, so much so that it’s starting to attract the attention of the likes of the IMF, which recently analysed BTC’s cross-border flows.
Believe it or not, but BTC’s cross border flows make up a significant portion of the GDP of most countries. But this is just the tip of the iceberg. Today we will show you what lies underneath.
Enjoy!
🔥 Rally Report 🔥
ARWEAVE
The price of AR has rallied by 6% in the past 24 hours.
WHY?!
☄️ Arweave has unveiled AO Games, a fully decentralised gaming launchpad powered by the hyper-parallel AO computer
🔍 The project will reportedly leverage the natural synergy of AO and AI to pioneer "on-chain AI" that will create unique AI-driven gaming experiences.
If you want to buy or trade AR, 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