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🔔 MARKET MOVING NEWS! (19/07/24)
1️⃣ Bitcoin, SHIB Trade at 30% Haircut on WazirX as Exploiter Converts Stolen Loot to Ether 🔽
According to blockchain tracker Lookonchain, the North Korea-linked exploiter that drained $230 million from Indian crypto exchange WazirX has converted most of the stolen user assets into ETH, totalling $200 million. The mass conversion of funds to ETH included $90.2 million worth of SHIB, $10.2 million worth of MATIC and nearly $7.5 million in PEPE. As of Friday morning, the exploiter holds over 59,097 ETH worth $200 million at current prices, and another $15 million in various alternative tokens. Almost all tokens listed on WazirX are trading at steep discounts to their global and local prices, a sign of poor liquidity and immense selling pressure.
Source
2️⃣ South Korea Enacts First Crypto Investor Protection Law, Bolstering Existing Rules ‼️
South Korea's first crypto regulatory framework focusing on investor protection, the Virtual Asset User Protection Act, officially takes full effect with a one-year grace period for refining regulatory details.
The Virtual Asset User Protection Act aims to target unfair trading practices following the disastrous collapse of Terra-Luna and FTX in 2022. Local crypto exchanges are now required to store at least 80% of user deposits in a cold wallet. The legislation also mandates exchanges to set up real-time monitoring systems to report illegal trading activities alongside maintaining 15-year transaction records for verification and tracking. Lawmakers are currently discussing follow-up regulations, including regulating token issuers and reviewing the ban on institutional investment in crypto.
Source
3️⃣ Tyler Winklevoss Donates $500K To John Deaton's Campaign 💰
Yesterday, Gemini co-founder Tyler Winklevoss announced a $500,000 donation to attorney John Deaton's Senate campaign. In a lengthy social media thread explaining the donation, Winklevoss laid out his case that was highly critical of incumbent Elizabeth Warren, calling the Massachusetts Senator the "chief architect" behind the Biden administration's war on the crypto industry. He claimed that Warren was pulling the strings behind the scenes making the heads of regulatory agencies her puppets and giving rise to the Federal Deposit Insurance Corporation's (FDIC) Operation Chokepoint 2.0.
Source
4️⃣ Microsoft IT Outages Hit Worldwide After Faulty Update From Cybersecurity Firm Crowdstrike ❌
Businesses around the world are facing massive IT disruptions after a faulty software update from cybersecurity firm Crowdstrike caused thousands of Windows-based IT systems and endpoints that downloaded the update to crash. Affected systems were reportedly faced with the “blue screen of death” (BSOD) and were unable to reboot and function properly. The outages have grounded flights, disrupted trains, affected banks, health services, and Sky News was unable to broadcast.
While the effects were first reported in Australia and New Zealand, it has since spread into Asia and Europe. Many first suspected the outage to be the result of a cyber-attack. However, CrowdStrike CEO George Kurtz reassured customers that the incident was not a security breach or cyberattack. He explained that the outage stemmed from an update to the firm’s Falcon Sensor security product and that Crowdstrike was working on rolling back the faulty update.
Source
📣 Important Announcement! 📣
For those of you who subscribe to our weekly newsletter and who use Gmail, you may not have picked up this week's newsletter.
That's because it seems Google mail may have flagged it as "spam". This is as a result of someone who attacked our website and signup form this weekend.
While it is unfortunate, we are working to repair deliverability. But, it would be great if you could help as well.
If you didn't get it, you can head to your spam folder in your Gmail web or mobile client. It should definitely be there and is titled "This is Could Crash The Crypto Market". Can you then please hit the "Report as not spam" button. This will ensure that you will still be getting the legitimate and correct weekly newsletter from Coin Bureau.
It would be much appreciated 🙏
🚨 New Video Alert!! 🚨
Politicians and regulators have enormous power over crypto. With a stroke of the pen, they can decide what counts as financial freedom and what counts as crypto crime. So, it’s no surprise that they’re often the main characters in crypto news.
However, there is another class of government agents who have just as much power over us - and yet they are almost invisible in the media.
But not anymore. A new report has laid bare how law enforcement agencies view crypto, and just how much power they have to investigate us. Today, we’re exploring the mind of the crypto cop. Tune in to find out what makes them tick, and what it means for us.
https://www.youtube.com/watch?v=85WnIuT0Dro
Читать полностью…
🚨 New Video Alert!! 🚨
Joe Biden’s cognitive decline has turned the 2024 presidential race upside-down. The President’s own supporters are now desperate to see him throw in the towel, while his opponents can only pray he keeps going.
If the Democrats don’t want the election to go the same way the Biden-Trump debate did, they’re going to need a replacement, and fast. The clock is ticking, and Joe’s fans and foes alike are asking questions like “wen Kamala?”, “will Gavin?”, and “why won’t Michelle?”
The truth is, any change on the Democratic ticket this November will have profound implications for the crypto market. That’s why today, we’re bringing you the low-down on the Democrats most likely to replace Biden, and what their candidacy could mean for crypto.
This is a video you don’t want to miss.
🔔 MARKET MOVING NEWS! (16/07/24)
1️⃣ BlackRock CEO Larry Fink Calls Bitcoin 'Legitimate Financial Instrument' ▶️
In a recent interview with CNBC, BlackRock CEO Larry Fink reiterated his newfound “belief” in Bitcoin, confirming that he had changed his mind about it in the last five years. Notably, Fink's interview follows BlackRock's second-quarter earnings results, which topped analyst estimates as assets under management increased 13% year-over-year to $10.6 trillion.
Fink stated,
I was a proud sceptic and I studied it, learned about it, and I came away saying, okay, you know, my opinion [for] five years was wrong [...] I'm not trying to say there's not misuses like everything else, but it is a legitimate financial instrument that allows you to have maybe uncorrelated, non-correlated type of returns […] It is an instrument that you invest in when you’re more frightened. It is an instrument when you believe that countries are debasing their currency by excess deficits. There’s a real need for everyone to look at it as one alternative.
After lengthy deliberation and thought, and considering the tremendous talents of many others, I have decided that the person best suited to assume the position of Vice President of the United States is Senator J.D. Vance of the Great State of Ohio. J.D. has had a very successful business career in Technology and Finance, and now, during the Campaign, will be strongly focused on the people he fought so brilliantly for, the American Workers and Farmers in Pennsylvania, Michigan, Wisconsin, Ohio, Minnesota, and far beyond.
⚠️ The Coin Bureau will NEVER EVER launch a token!!
Any emails, social media posts, messages or videos that say otherwise are a SCAM. Please stay vigilant.
🚨 New Video Alert!! 🚨
Are you ready for another wild week in the crypto market? Regardless of what you answer, today’s video will help, because it breaks down what happened last week and what could be coming.
Following Germany’s BTC sales, the focus is turning to Mt. Gox creditors who could dump. Interestingly, ETH investors seem to be preparing to the do the same when the spot Ethereum ETFs launch.
The good news is that the SEC seems to be quietly de escalating its war against the crypto industry by giving stablecoins a pass. The even better news is that altcoins are slowly but surely waking up.
This is a video you can’t afford to miss!
🔥 Rally Report 🔥
STACKS
The price of STX has rallied by 12% in the past 24 hours.
WHY?!
🕯 Most of STX’s recent rally seems to come from heavy trading activity on the South Korean crypto exchange Upbit. Over the past 24 hours, Upbit saw $70 million in volume on its STX/KRW trading pair. This accounts for almost 50% of STX’s global trading volume today.
‼️ That said, the Stacks ecosystem saw a few bullish developments over the weekend. Notably, the US Securities and Exchanges Commission announced that it was dropping its investigation into Bitcoin layer 2 network Stacks and its developer Hiro System (formerly known as Blockstack). Core developers also reported that they are now "code complete" for Nakamoto Activation – the upcoming upgrade for the Stacks network. Once activated, Nakamoto will enable fast transaction confirmations, full Bitcoin finality, and set the stage for the upcoming release of sBTC.
If you want to buy or trade STX, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
Now that the German government has stopped selling their Bitcoin, the next big thing that we need to be worrying about is the potential selling by the Mt. Gox creditors.
Over 140,000 Bitcoin is about to be distributed and this could have a massive impact on the crypto markets. It could absolutely melt through order books and send Bitcoin on one almighty dump.
However, whether that happens depends on a few factors that include timing, the type of creditor, market conditions etc etc.
In our video today, we break down exactly what is going on with the Mt. Gox disbursements. We analyse the type of creditors that are getting paid as well as when & how likely they are to sell.
So, if you hold Bitcoin - then this is a video that you can't miss!
🔥 Rally Report 🔥
MOG COIN
The price of MOG has rallied by 17% in the past 24 hours.
WHY?!
⚡️ The Mog Coin team recently released a web application that allowed users to edit any image to feature the iconic ‘glasses’ and ‘finger point’ of the MOG Coin mascot.
🤔 Notably, the memecoin’s official X account used the web application earlier today to show Donald Trump sporting the iconic glasses of MOG coin. The edited image is a picture of Trump’s guard team evacuating him after an attempted assassination by an unidentified shooter. The picture featured the caption “Make America Mog Again.”
If you want to buy or trade MOG, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🔥 Rally Report 🔥
ARWEAVE
The price of AR has rallied by 13% in the past 24 hours.
WHY?!
⚡️ Llama Land, an AI-powered MMO game built on Arweave-based AI computing protocol AO Computer, launched on July 12th.
💰 The game features a memecoin called LLAMA that users can earn by issuing pleas to the Llama King - an autonomous AI agent who runs the token's monetary policy.
If you want to buy or trade AR, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🔔 MARKET MOVING NEWS! (12/07/24)
1️⃣ MicroStrategy to Split Stock 10:1 After Share Price Triples in a Year on Bitcoin Rally 🕯
Yesterday, Nasdaq-listed software firm MicroStrategy (MSTR) announced that it will conduct a 10-for-1 stock split of its class A and class B common stock. The split will reportedly be effected on Aug. 1 and the new shares will be distributed after the Aug. 7 market close. Holders of its class A and class B common shares will receive nine additional shares for each share they own. Notably, the announcement comes after MSTR more than tripled in price over the past year, hitting an all-time high record of over $1,900 in March. The company said that the split will make the company's shares "more accessible to investors and employees."
Source
2️⃣ SEC Drops Investigation Into Paxos - Win For Crypto Industry ⚡️
According to a July 9 letter by Jorge Tenreiro - the U.S. Securities and Exchange Commission’s acting chief of the crypto assets and cyber unit, the securities regulator has decided not to recommend an enforcement action against New York-based stablecoin issuer Paxos. Notably, the announcement follows a Wells Notice the SEC had sent Paxos earlier over its BUSD stablecoin. The new decision to not recommend an enforcement action suggests that stablecoins, like the dollar-backed BUSD, may not be treated as securities. The SEC appears to have shifted its stance after a federal judge sided with Binance in a decision that held the sales of BUSD did not constitute a securities offering.
Paxos stated,
Paxos Trust Company has always maintained that its USD-backed stablecoins are not securities under federal securities laws and that the Wells notice was unwarranted and unjustified. We are proud of our relentless advocacy for stable-value digital assets and that the SEC staff determined it will not bring enforcement action against Paxos in connection with BUSD.
🚨 New Video Alert!! 🚨
Since the 2008 financial crisis, central bankers the world over have turned us into guinea pigs in a massive experiment in monetary policy. They’re manipulating the fiat currencies we depend on, and picking winners and losers among us. The worst part is, most of us have no idea what they’re doing, or how it affects us.
Today’s video breaks down what their experiment is, how it hurts some and helps others, and what we can do about it.
If you don’t want your central bank to turn you into a loser, then this is a video you can’t afford to miss.
https://www.youtube.com/watch?v=Of7WjJNcVIo
Читать полностью…
🔥 Rally Report 🔥
MANTLE
The price of MNT has rallied by 6% in the past 24 hours.
WHY?!
⚡️ Mantle Network recently unveiled the first season of its “Metamorphosis” campaign – a token incentive program for the Mantle Liquid Staking Protocol (LSP). Mantle LSP is a permissionless, non-custodial ETH liquid staking protocol deployed on Ethereum L1 and governed by Mantle. Metamorphosis allows mETH users to begin accruing “Powder,” similar to points, that will be convertible to Mantle LSP’s future governance token, COOK.
📈 Mantle also announced that it had achieved a new all-time high TVL of $612M.
If you want to buy or trade MNT, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
https://www.youtube.com/watch?v=u5FzZnvNF_E
Читать полностью…
🔔 MARKET MOVING NEWS! (18/07/24)
1️⃣ North Korean Hackers Likely Behind $235 Million WazirX Exploit: Elliptic ❓
Earlier today, Indian Crypto exchange WazirX experienced a security breach in one of its multisig wallets. The attack saw the hacker withdraw almost $235 million in crypto assets from the exchange. The exchange has since temporarily paused withdrawals. Blockchain analytics firm Elliptic has suggested that the hackers may be affiliated with North Korea. Specifically, Elliptic noted that the post-attack behaviour of the attacker’s wallet address was consistent with behaviour demonstrated by North Korean hackers in previous incidents. Notably, the stolen funds exceed 45% of WazirX’s total reserves. The exchange had last disclosed $500M holdings in a Proof of Reserves Report in June.
Source
2️⃣ State Street Said to Explore Creating Stablecoin, Deposit Token 🔍
According to a Bloomberg report, the leading global asset management company State Street is exploring blockchain technology for payment settlements and is also considering launching its own stablecoin. The report also states that State Street is evaluating joining digital-cash consortium efforts and is looking at settlement options through its investment in Fnality - a blockchain payment startup expanding into the US. Notably, the report comes as State Street is increasing its presence in the digital asset space. State Street has previously partnered with Galaxy Asset Management to launch exchange-traded funds focused on crypto firms.
Source
3️⃣ SEC Approves Grayscale, ProShares Spot Ethereum ETFs For Trading On NYSE Arca ⚡️
According to recent filings, the United States Securities and Exchange Commission (SEC) has approved the 19b-4 forms of two spot Ethereum ETFs, the Grayscale Ethereum Mini Trust and the ProShares Ethereum ETF, for listing on the New York Stock Exchange’s (NYSE’s) Arca electronic trading platform. While the approval of the Form 19b-4 filing authorises NYSE to facilitate the trading of the funds, the issuers must still stand by for final comments on the ETFs’ respective S-1 filings before the spot products can actually commence with the listing.
Source
4️⃣ Robinhood Agrees to $9 Million Settlement Over Unsolicited Text Messages 🤝
A United States federal judge has reportedly approved a $9 million settlement in a class-action lawsuit against the crypto and stock trading platform Robinhood. The class-action lawsuit was filed against Robinhood over its role in sending unsolicited text messages to thousands of residents. Specifically, the lawsuit claimed that Robinhood's “refer-a-friend” program violated the Washington Commercial Electronic Mail Act and the Washington Consumer Protection Act by sending promotional text messages without the recipient's consent. Each participating member in the class-action lawsuit is expected to receive a cash payment between $111 and $170, depending on the number of validated claims.
Source
5️⃣ Mt. Gox Creditors Reportedly Hit By Failed Login Attempts Amid Repayments 🥶
According to recent posts on a Mt. Gox creditor subreddit, someone is attempting to log into creditors' Mt. Gox accounts amid ongoing BTC repayments. Several Reddit users reported as many as 22 failed attempts. The repeated login attempts suggest that someone is trying to “brute force” their way into gaining control of that account to withdraw any BTC received. However, some believe it could simply be a website glitch. At the time of writing, the Mt. Gox claims portal “is temporarily down for maintenance.”
Source
https://www.youtube.com/watch?v=l2OofAxOgq0
Читать полностью…
Metaplanet, a publicly listed Japanese investment adviser, has reportedly purchased an additional 21.88 BTC valued at 200 million yen ($1.2 million). Notably, the latest purchase has brought the company’s total BTC holdings to 225.6 Bitcoin, valued at $14.6 million. According to data shown on Google Finance, the recent BTC purchase has fuelled a surge in Metaplanet share prices — up 25.8% to $0.74 (117 yen) in the opening two and a half hours on the Tokyo Stock Exchange on July 16. The firm’s stock price has soared nearly six-fold since it unveiled its Bitcoin investment strategy on April 9, 2024.
Source
🔥 Rally Report 🔥
PEPE
The price of PEPE has rallied by 24% in the past 24 hours.
WHY?!
📈 Part of a larger market rally, especially among memecoins.
💰 PEPE’s price action seems to be further driven by a large market purchase by VC firm Nascent. On-chain insights offered by ‘Lookonchain’ reveal that Nascent swapped MKR positions for PEPE and LDO tokens today. Specifically, it accumulated 141.23 billion PEPE, worth $1.57 million.
If you want to buy or trade PEPE, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
https://www.youtube.com/watch?v=d3g0KRBC9RE
Читать полностью…
🔔 MARKET MOVING NEWS! (15/07/24)
1️⃣ Former BitConnect Promoter John Bigatton Convicted in Australia ▶️
John Bigatton, the Australian promoter of the now-defunct crypto exchange platform BitConnect, has reportedly been convicted by the Sydney District Court for providing unlicensed financial advice. According to a statement published by the Australian Securities and Investments Commission (ASIC), Bigatton promoted Bitconnect through seminars and social media between August 2017 and January 2018. It also states that Bigatton was released on a recognisance to be of good behaviour for three years and that he is disqualified from managing corporations for five years.
Source
2️⃣ Hong Kong Flags 7 Unregulated Crypto Exchanges For Noncompliance ‼️
Hong Kong’s Securities and Futures Commission (SFC) has reportedly issued alerts against seven crypto trading platforms for illegally operating in the region without operational licenses. The Hong Kong SFC manages public records of all registered, unregistered and illegal crypto trading entities to reduce risks related to scams and fraud. The Hong Kong SFC has been maintaining the ‘alert list’ since January 2020 and it currently has 39 entries. The most recent additions to the list include Taurusemex, Yomaex, Bitones.org, BTEPRO, CEG, XTCQT, and Bstorest. According to the alerts, all exchanges are suspected of engaging in fraudulent activities and duping investors into believing they were registered with the SFC.
Source
3️⃣ BlackRock Assets Under Management Rise Through $10T 📈
The world's largest asset manager BlackRock has reported that assets under management (AUM) climbed through $10 trillion in the second quarter - a new all-time world record after experiencing $600b in growth alone this year. Notably, this is more than Fidelity, CapGroup, Invesco, and Franklin Templeton combined. The company also reported that earnings per share (EPS) rose to $9.99 from last year’s $9.06, while revenue increased 7.7% to $4.8 billion.
Source
4️⃣ Lazarus Is Moving Millions From $305M DMM Bitcoin Hack: ZachXBT 🔍
According to on-chain sleuth ZachXBT, the hackers behind the $305 million hack of cryptocurrency exchange DMM Bitcoin have laundered more than $35 million to Huione Guarantee – an online marketplace which operates in Cambodia and has been linked to the nation’s “ruling Hun family.” ZachXBT also shared 538 wallet addresses linked to Lazarus Group, Huione and others linked to the DMM Bitcoin hack.
Source
5️⃣ Celsius To Liquidate Tokens, Hundreds Of NFTs Following Settlement With KeyFi Founder Jason Stone 🕯
Bankrupt crypto lender Celsius has reportedly settled its legal dispute with KeyFi and its founder, Jason Stone. The settlement agreement will see KeyFi transfer tokens and hundreds of NFTs to Celsius along with the $1.1 million proceeds of a Mutant Ape Yacht Club sale to billionaire Adam Weitsman currently held in escrow. KeyFi will also transfer assets related to DeFi protocols Spartan, Unslashed, Stakehound, and crypto firm Fireblocks. Celsius will pay KeyFi and Stone an initial payment of $300,000 plus a rare one-of-one NFT by Marco Santorini. Then, following the liquidations, Celsius will pay 10% of the proceeds to KeyFi, up to $500,000.
Source
https://www.youtube.com/watch?v=hFZ6qkWHuyE
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🔔 MARKET MOVING NEWS! (14/07/24)
1️⃣ Bitcoin Hits $60,000 as Trump Shooting Boosts Re-Election Odds 📈
The price of BTC reclaimed the $60,000 price level after former U.S. President Donald Trump’s defiant response to an assassination attempt earlier today spurred speculation that his chances of winning the presidential election have climbed. This was also reflected in a climb in the price of "Yes" shares on the prediction market Polymarket. Specifically, Polymarket's contract on whether Trump will win the presidency saw the price of “Yes” shares rise by ten cents after the incident. The market now sees a 70% chance he will prevail in November.
Source
2️⃣ Nigeria’s SEC Urged to Regulate Bitcoin, Ether as Commodities 🔍
Crypto industry stakeholders in Nigeria are reportedly urging the country’s Securities and Exchange Commission (SEC) to classify Bitcoin and Ether as commodities. Notably, this comes after a recent court ruling in the United States state of Illinois classified Bitcoin and Ether as commodities. The stakeholders’ recommendations also come as Nigeria seeks to establish a comprehensive regulatory framework for digital assets.
Source
3️⃣ Dutch Court Denies Bail For Tornado Cash Dev Alexey Pertsev While Appeal Process Is Ongoing ‼️
Tornado Cash developer Alexey Pertsev’s request for bail has reportedly been denied. Pertsev was sentenced to five years and four months in prison by a three-judge panel in the Netherlands on charges of money laundering. The bail application was filed by his legal team after applying for an appeal with the s-Hertogenbosch Court of Appeal. He had reportedly hoped to prepare for the trial at home, with access to the internet. However, Pertsev's prison has also denied him access to a computer, hindering his efforts to assist his lawyers in preparing for the trial.
Source
🔔 MARKET MOVING NEWS! (13/07/24)
1️⃣ Germany Sends the Last of Its Bitcoin to Exchanges 💸
The German government has reportedly sold all its Bitcoin, sending 3,846 BTC ($223.8m) to Kraken and other addresses. The transaction followed weeks of increased selling pressure from the German government. Most of the 50,000 BTC dumped by the German government over the last three weeks resulted from an asset seizure and was largely responsible for keeping the market below the $60,000 price point and its 200-day exponential moving average.
Source
2️⃣ Spot Bitcoin ETFs See Highest Flow Day In Over 5 Weeks 🕯
United States-based spot Bitcoin exchange-traded funds (ETFs) recorded over $310 million in inflows on July 12, marking their best-performing day since June 5. BlackRock’s iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund accounted for most of the flows at $120 million and $115.1 million, respectively. The Bitwise Bitcoin ETF came in third at $28.4 million, while the Grayscale Bitcoin Trust recorded another rare inflow day at $23 million. The VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF also received $6 million and $4 million in inflows, respectively. Meanwhile, the Hashdex, Franklin Templeton, Valkyrie and WisdomTree-issued spot Bitcoin ETFs failed to register inflows on the day.
Source
3️⃣ MakerDAO's $1B Tokenised Treasury Investment Plan Draws Interest from BlackRock's BUIDL, Ondo, Superstate 👾
Crypto lending platform MakerDAO reportedly plans to invest $1 billion in tokenised U.S. Treasury products. Notably, this is a significant reshuffle of its reserve strategy. The investment will be funded by redirecting $500-$500 million of reserves from vaults managed by Monetalis Clydesdale and Andromeda BlockTower. Top players in the space, including BlackRock's BUIDL, Superstate, and Ondo Finance, are lining up to apply for the proposal.
Source
4️⃣ Pixelverse Raises Another $2M In Private Funding To Total $7.5M 💰
Web3 gaming project Pixelverse has reportedly raised an additional $2 million in private funding. Notably, Pixelverse announced an initial $5.5 million funding round last month. The latest fundraise is an extension to that round and saw leading web3 VCs participating, including Galaxy Interactive, Crit Ventures, and Arc Community.
Pixelverse cofounder Kori Leon stated,
Crypto is still intimidating for many users, so we are making it accessible to all through gaming mechanics. We are expanding into Pixelverse media and several product lines to ensure the long-term sustainability and profitability of our operations.Source Читать полностью…
Notably, Culper’s report comes just two days after analysts at research and brokerage firm Bernstein initiated coverage on IREN with an outperform rating, citing the company’s hybrid bitcoin mining and AI data center strategies. After the publication of Culper’s report, the Bernstein analysts responded by stating that the bulk of Culper’s short argument was based on criticising IREN’s Childress site and its unsuitability for AI operations. They noted that the Childress site was mainly committed to the expansion of bitcoin mining, whereas the Bernstein analysts’ anticipated AI upside for IREN comes mainly from its larger 1.4GW pipeline site in West Texas.
Source
https://youtu.be/yQ9dUSQ--So?si=bf-yBTseXDxEHY82
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🔔 MARKET MOVING NEWS! (11/07/24)
1️⃣ FTX Lawyers Counter Jump Trading’s $264 Million Damages Claims ☄️
The FTX bankruptcy estate is reportedly pushing back against a $264 million claim by Jump Trading's subsidiary Tai Ho Shan. Specifically, Tai Mo Shan demands nearly $264 million in damages from Alameda Research due to the firm’s alleged non-delivery of 800 million Serum (SRM) tokens under a loan agreement dating back to August 2020. However, FTX estate lawyers argue that the claim is invalid as the loan allegedly never commenced. According to the court filings, Jump Trading said it calculated the damages based on an options model, which uses SRM’s market price on the bankruptcy filing date, the token’s implied volatility, the repayment option price and other factors.
The court filing made by the FTX estate lawyers reads,
It is undisputed that Alameda failed to deliver the cryptocurrency contemplated by the Loan Confirmation to the Master Loan Agreement. The loan therefore did not commence. Nowhere does the Master Loan Agreement provide that Tai Mo Shan can seek to compel Alameda to deliver the cryptocurrency, or seek money damages on a loan that did not commence.
The BSA charge is old news. This is the same charge brought in 2020 against our founders relating to BitMEX’s operations up to September 2020. BitMEX has long since fully remediated its operations, and there is nothing new in this charge.
🚨 New Video Alert!! 🚨
Don't let the price action fool you. Large fortune 500 companies are adopting cryptocurrency. Not only that, but they are building new protocols and platforms to tokenise numerous different assets.
The Real World Asset or RWA niche has seen an explosion of adoption recently and it could be one of the most underrated sectors out there. This was all illuminated in a recent Coinbase report which we summarise today.
So, if you want to know exactly what is going on in the RWA space as well as where to look for the strongest potential, then this is a video you can't miss!