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🔔 MARKET MOVING NEWS! (25/08/24)
1️⃣ Polygon Restores Control Of Discord Server Following $145,000 Hack ❓
The Polygon team reportedly regained control of its community Discord after it was hijacked for about four hours on Saturday morning. The attack saw one user losing $145,000 in assets after falling for a scam link posted by the hijackers. The phishing link was found in a message seemingly from the account of its community lead Smokey. The message advertising a "special pre-migration" airdrop ahead of the Polygon network's planned migration from its native MATIC token to the upgraded POL token scheduled for Sep. 4.
Polygon wrote,
We have regained access and secured the Polygon community discord server. All external bots and integrations have been disabled while we perform a security review of each of them to avoid this from happening again.
Following the recent news related to the Telegram’s founder Pavel Durov, we want to assure everyone that the TON community remains strong and fully operational. As a community committed to freedom of speech and decentralisation, we stand firmly by Pavel during this challenging time.
🔥 Rally Report 🔥
SATS
The price of 1000SATS has rallied by 26% in the past 24 hours.
WHY?!
📈 Part of a larger market rally. Notably, announcements from two people contributed to the rally.
🎙 The first is Federal Reserve Chair Jerome Powell, who hinted at potential interest rate cuts in September during his speech at the Kansas City symposium. The second is Robert F. Kennedy Jr., who stated he was “suspending” his presidential campaign and instead endorsing former President Donald Trump.
If you want to buy or trade 1000SATS, 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! (23/08/24)
1️⃣ Donald Trump Endorses Crypto Project 'The DeFiant Ones' Spearheaded By Two Of His Sons 🎙
In a Truth Social post on Thursday, former U.S. President Donald Trump promoted a telegram channel link for ‘The DeFiant Ones’ – a DeFi-related crypto project spearheaded by two of his sons. The channel appears to have 26,000 subscribers and features the tagline, "Official Trump DeFi Channel."
Trump’s post reads,
For too long, the average American has been squeezed by the big banks and financial elites. It's time we take a stand—together. #BeDeFiant
First year is all about onboarding Web3 people, because technology-wise and the community-wise, it is a little bit early to onboard the general users. And then phase two, within two years, we're going to onboard Sony products, such as, Sony Bank, Sony Music, Sony Pictures and so on. So we would like to integrate Web3 and blockchain technology into Sony's product. And in three years, we would like to onboard not only Sony, but also all enterprises and all general dapps on the top of it. But this is a general timeline. We're going to try to onboard enterprises as many as possible from the first year.
https://www.youtube.com/watch?v=td56zdCrfpE
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According to a Wednesday report from corporate influence watchdog Public Citizen, nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies. Specifically, the report found that crypto companies like Ripple and Coinbase accounted for approximately $119 million out of a total of $248 million in corporate election spending. The vast majority of those donations have been contributions to Fairshake, a non-partisan super-political action committee focused on getting crypto-friendly candidates on both sides of the aisle elected. The Public Citizen’s report claims to be based on data provided by government transparency group OpenSecrets.
Source
🔥 Rally Report 🔥
FLOKI INU
The price of FLOKI has rallied by 14% in the past 24 hours.
WHY?!
🐈⬛ Simon’s Cat - a new cat-themed memecoin project on the BNB Chain, has announced that it has allocated 20% of the total $CAT supply to the Floki community. The tokens will be distributed to on-chain holders of FLOKI in proportion to their holdings. This seems to be the primary reason for the rally as users attempt to increase their FLOKI holdings.
⚡️ Notably, crypto exchange Binance has also announced its support for the airdrop. Binance will conduct the airdrop based on a snapshot to be taken on 29 Aug 2024 at 23:59:59 UTC.
If you want to buy or trade FLOKI, 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!! 🚨
Recently, a popular trading strategy imploded, sparking a chain reaction that wiped out trillions of dollars from markets the world over.
And the worst part? The crash took bitcoin below 50k for the first time since February.
You have to wonder: how on earth does one trading strategy turn into a black swan event? What exactly went wrong? And how worried should we be about it happening again?
If you want to find out, you have to watch this video!
🔔 MARKET MOVING NEWS! (21/08/24)
1️⃣ Mt. Gox Sends $75 Million In Bitcoin To Bitstamp Crypto Exchange 💸
According to Arkham Intelligence data, defunct crypto exchange Mt. Gox has transferred about $75.36 million in BTC to a wallet address identified as belonging to crypto exchange Bitstamp. Notably, this is the latest in a series of transactions initiated by the exchange over the past 24 hours. Specifically, the Mt. Gox cold wallet which sent funds to Bitstamp had received the BTC last night from another Mt. Gox wallet, “1MUQE…5SXZZ.” The transaction had also sent 12,000 BTC ($709.44 million) to an unknown wallet. Some speculate this unknown wallet is a fresh cold storage address controlled by the Mt. Gox estate.
Source
2️⃣ Linea Receives First Contributor For Open-Source L2 Rollup ⚡️
Linea, a layer-2 solution backed by Consensys, has reportedly partnered with Ethereum-based decentralised messaging platform Status to introduce a new layer-2 rollup solution known as the Status Network. The Status Network will reportedly operate alongside Linea’s zkEVM chain.
Nicolas Liochon, the global lead at Linea, stated,
Status will be the first contributor to Linea’s open-source code [...] Developers at Status will engage directly with the Linea codebase, intending to operate an identical version of Linea in parallel, thereby strengthening the entire ecosystem […] For open source developers, having multiple entities contributing makes the onboarding much easier. Not only the code is open source, but the building itself is open source.
https://www.youtube.com/watch?v=ymuCZe8pylU
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$12M to [Sherrod] Brown’s opponent at a time when Sen Schumer is doing his best to get a bill passed in the Senate in the lame duck. You all know that is ‘slap in the face’ to Sen Schumer And a ‘slap in the face’ to me when you know Im meeting him in SF tomorrow. How short sighted and stupid can you possibly be? NOT ONE PERSON BOTHERED TO GIVE ME A HEADS UP THAT YOU WERE DOINIG [sic] THIS […] Im the one using my 25+ year old personal relationships to help this movement the most significantly and not one person bothered to inform me. Sadly, I’m even a donor to Fair Shake.
🔥 Rally Report 🔥
BRETT (BASED)
The price of BRETT has rallied by 25% in the past 24 hours.
WHY?!
📈 Part of a larger market rally, especially among meme coins.
⚡️ BRETT’s price rally is also influenced by listing announcements from two major crypto exchanges. Specifically, South Korean crypto exchange Upbit announced that it is introducing a BRETT/USDT trading pair on its platform at 19:30 (KST) on August 20th. Crypto exchange Binance also announced that it is introducing USD-margined perpetual contracts for BRETT in its Futures platform at 10:35 (UTC) on August 20th.
If you want to buy or trade BRETT, 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/
🚨 Livestream Alert!! 🚨
It’s time for another weekly crypto review. But this time it will be LIVE!
First, macro conditions seem to be improving as the consumer sentiment rose for the first time in 5 months. While Ethereum on the other hand is having some issues.
Next, we’ll look at Institutional accumulation, memecoin hype, WBTC FUD, and tell you what this could all mean for the market.
Last but not least, the US Government is selling again. Or is it?
All that and more in today’s weekly crypto review. Don’t miss it!
🔔 MARKET MOVING NEWS! (19/08/24)
1️⃣ Malaysian Authorities Arrest Seven Individuals for Illegal Bitcoin Mining Activities ⚡️
According to local media reports, Malaysian authorities have arrested seven individuals for allegedly stealing electricity to power their Bitcoin mining operations. Sepang District Police Chief ACP Wan Kamarul Azran Wan Yusof stated that these individuals (three locals and four foreign nationals) have no prior criminal records. The local police added that they seized 52 bitcoin mining rigs and other electronic devices, the total value of which is estimated at 250,000 Malaysian Ringgits (RM) worth $57,000.
Source
2️⃣ Australia's Financial Regulator Warns of Ongoing Crypto Scams Despite Monthly Decline Since April 🤔
The Australian Securities and Investment Commission (ASIC) announced today that it removed more than 600 crypto scams in the last year as part of a wider effort to disrupt online investment scams targeting billions in Aussie savings. The regulator stated that investment scams resulted in about $1.3 billion in losses in 2023. The ASIC reportedly takes down an average of 20 websites every day, however, scammers continue to adapt and find new ways to lure victims.
Source
3️⃣ Google Took Three Months to Remove Scam App That Stole Over $5 Million In Crypto: Lawsuit 🔍
Maria Vaca, a resident of Florida, is reportedly suing Google in the state of California for at least $5 million in damages. Notably, Vaca’s lawsuit claims she lost over $5 million in a cryptocurrency investment scam after downloading the Yobit Pro application on the Google Play Store. The lawsuit states that Vaca only downloaded the app because she believed Google was successfully preventing scam apps from becoming available on the Google Play store.
Notably, Vaca had contacted law enforcement and the Consumer Financial Protection Bureau (CFPB) on the day she realised she had fallen for a scam. The authorities then forwarded her complaint to Google the same day. However, Google allegedly took three months to remove the app from the Play Store after receiving the complaint.
Source
4️⃣ HashKey Partners With Telegram Game Catizen To Extend Gamefi Reach 🤝
Asia-based financial services firm HashKey Group has partnered with Telegram mini-game Catizen for future collaborations. This reportedly includes “gamified experiences in digital finance, a joint HSK airdrop campaign, animal protection, and social responsibility initiatives.”
Tim Wong, chairman of Catizen Foundation, stated
This collaboration marks a significant milestone for Catizen, enabling us to provide our 20 million global community members with enhanced, compliant, and reliable digital asset services.
🚨 New Video Alert!! 🚨
Last month, the market cap of the top 7 US companies fell by $2.6 trillion in just 20 days. That’s more than the GDP of Russia gone in under 3 weeks.
Is this what TradFi people call a healthy correction?
Or, are we watching a massive stock market bubble bursting?
After bidding stocks up to Mars, investors are praying that it’s the former.
But it’s a long way down, and they might just be too scared to look.
Tune in to today’s video to find out the truth - plus, what it could mean for crypto.
https://www.youtube.com/watch?v=Oss1u5lYW4M
Читать полностью…
🔔 MARKET MOVING NEWS! (24/08/24)
1️⃣ WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26 🔍
Indian crypto exchange WazirX has announced that it will re-enable rupee withdrawals on the platform. However, the rupee withdrawal services will be reintroduced in a phased manner with users getting access to withdraw 66% of their INR balances on the exchange over the next month. Specifically, the exchange said its customers could withdraw half the limit (33%) from Aug. 26 to Sept. 8 and the remainder (33%) from Sept. 9 to Sept. 22. The company stated that it had to continue keeping the remaining 34% of their INR balances frozen due to investigations by law enforcement agencies. The timeline for the release of those frozen balances is unclear.
Regarding cryptocurrency withdrawals, the exchange stated,
While we regret that users have not been able to make withdrawals of cryptocurrency from their account on the platform for some time, it is not possible to simply resume cryptocurrency withdrawals. Due to the cyberattack and loss of a significant balance of ERC-20 tokens as a result of the theft, there are insufficient token assets available to meet the liabilities arising from the token balances owing to users of the platform.
The CAT […] connects personally identifying information with wallet addresses that reveal blockchain-based user transactions. Thus, anyone with access to the CAT would be able to see not just a person’s securities transactions, […] but all of that person’s blockchain transactions in the past, present, and future.”
The Justice Department accused Bond of several counts of illegal handling and acceptance of campaign donations. She was also said to have filed ethics documents on behalf of the campaign that made bogus claims about the source of her money. Notably, the charges come less than a day after her partner Ryan Salame asked a U.S. judge to void his guilty plea in the criminal case after prosecutors allegedly reneged on their agreement not to investigate his fiancée for campaign finance violations.
Source
6️⃣ Feds Will Contact Victims of Million-Dollar Crypto Scam 'via NFT’ After Founder's Guilty Plea 🔍
The Federal Bureau of Investigation has announced that it will use NFTs to return $1.14 million in funds to victims involved in a crypto fraud scheme through a 2021 project called CluCoin. Specifically, the NFTs will be used to provide notices of the planned restitution to “identified victims.” Across all DOJ notices, this represents the first time that NFTs will be used to establish law enforcement communications with victims.
Source
🔥 Rally Report 🔥
AVALANCHE
The price of AVAX has rallied by 11% in the past 24 hours.
WHY?!
💰 Cryptocurrency asset manager Grayscale has announced the launch of the Grayscale Avalanche Trust - a single asset fund that offers eligible individual and institutional accredited investors exposure to AVAX, the native token of Avalanche's blockchain network.
☄️ Asset manager Franklin Templeton also announced that it is expanding its OnChain U.S. Government Money Market Fund (FOBXX) to the Avalanche network.
If you want to buy or trade AVAX, 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!! 🚨
Unless you’ve been living under a rock, you’ll have noticed that the crypto landscape is evolving. The key driver for this has been the approval of spot ETFs for both Bitcoin and Ethereum. And thanks to the latter, we now have our first spot altcoin ETF on the market - one that could be the first of many.
This raises the question of which cryptos institutional investors are paying attention to and which altcoin could be next in line for a spot ETF of its own. As it happens, the answer could very well lie with Grayscale. That’s because Grayscale has investment trusts for a wide range of altcoins, which could be a signal of what comes next. They reveal the exact types of cryptos institutional investors are keeping an eye on.
So, come with us as we take a look at Grayscale’s different crypto offerings, and tell you what the future of the altcoin market could look like.
Enjoy!
🔔 MARKET MOVING NEWS! (22/08/24)
1️⃣ BlackRock's Ethereum ETF Hits $1 Billion in Net Gains, Nearly Tripling Fidelity 📈
On Tuesday, BlackRock's iShares Ethereum Trust (ETHA) crossed $1 billion in cumulative net inflows. Notably, ETHA is the first Ethereum ETF to reach this milestone. Fidelity’s Ethereum Fund is the current runner-up to ETHA, with $367 in cumulative net inflows. That’s followed by the Bitwise Ethereum ETF with $310 million net inflows and the Grayscale Ethereum Mini Trust with $227 million net inflows.
Source
2️⃣ Controversial Crypto Firm Prometheum to Treat Uniswap and Arbitrum's Tokens as Securities ‼️
Prometheum, the SEC-registered digital asset trading and custody firm, announced it plans to add two new "digital asset securities" to its ranks – Uniswap’s UNI and Arbitrum’s ARB tokens. It will provide custodial services for both assets and its existing ETH offering to corporate and institutional investors through its Prometheum Capital subsidy. While Prometheum representatives did not provide any clear reasoning for labelling these assets as securities, they stated they would delist tokens and comply as needed if regulators came out with a contradicting stance.
Source
3️⃣ Hackers Take Over McDonald’s Instagram, Make $700K on Fake Grimace Token ❌
Guillaume Huin, the Senior Marketing Director of McDonald's, reportedly suffered a security breach that resulted in the official social media account of the fast-food chain being compromised to promote a Solana-based memecoin called GRIMACE. Notably, the scam token is based on the fast-food chain’s purple mascot, Grimace.
Guillaume’s personal Twitter account was also compromised by the attackers. They used it to make a series of posts promising GRIMACE holders that their Instagram accounts would soon be followed by McDonald’s. This saw the token’s market capitalisation rise to about $20 million before drastically plummeting to below $1 million. The attackers had executed a ‘rug pull’ making off with “$700,000 in Solana.”
Source
4️⃣ Ryan Salame Seeks To Void Guilty Plea, Says Fed Didn’t Keep Promise 🤔
Ryan Salame, the former FTX executive who pleaded guilty to two felony charges in September 2023, is reportedly seeking to void his guilty plea in the criminal case involving campaign finance and money-transmitting crimes. Salame explained his decision by claiming prosecutors reneged on their agreement not to investigate his fiancée for campaign finance violations. Salame claims he pleaded guilty based on this assurance, but the government has since resumed investigating Bond. Salame’s lawyers also argued that the prosecutor’s tactics of using a third party as leverage to induce his plea was “improper” and “coercive.” They argue his plea should be invalidated on those grounds.
Source
5️⃣ Kamala Harris Supports Policies to Expand Crypto Industry: Bloomberg ☄️
According to a Bloomberg report, Vice President Kamala Harris’ senior campaign adviser Brian Nelson told the publication that Harris plans to support measures to help the digital asset industry grow. The statement was made during a Bloomberg News roundtable at the Democratic National Convention on Wednesday. He also added that the industry needed "stable rules" following the collapse of crypto firms in the past, suggesting a Harris administration will still be interested in putting in place safeguards.
Source
6️⃣ Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies: Study 🔍
https://www.youtube.com/watch?v=R7EfgspwSLE
Читать полностью…
According to a report by on-chain sleuth ZachXBT, a crypto whale lost $55.4 million worth of the DAI stablecoin after falling for a phishing attack that tricked the whale into signing a transaction that transferred the ownership of the user’s DSProxy to a new address controlled by the attacker. Notably, this allowed the attacker to mint 55,473,618 DAI from a Maker vault previously controlled by the user’s externally owned account.
Source
🔥 Rally Report 🔥
BITTORENT
The price of BTT has rallied by 21% in the past 24 hours.
WHY?!
📈 Part of a larger market rally among tokens linked to Tron founder Justin Sun.
‼️ Notably, Sun secured a minor win this week in his case against the U.S. Securities and Exchange Commission (SEC) after a New York judge denied the SEC’s attempt to block one of Sun’s main arguments to have the case against him dismissed.
⚡️ Another factor influencing the recent bullishness is SunPump - a new memecoin deployer on the Tron blockchain. The protocol reportedly generated over $1.1 million in revenue in the 11 days since its initial launch.
If you want to buy or trade BTT, 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!! 🚨
Sui has been in the news a lot lately, and not necessarily for all the right reasons. Its recent rally has raised lots of eyebrows, and the possibility that it could keep rallying is why we knew we had to cover it.
It seems that Sui’s recent price action was driven by a combination of three factors, only one of which the media seems to be talking about. One surprising factor related to DeFi seems to be the main cause.
Even if this pump turns out to be short lived, it looks like Sui could get a second wind in early September due to upcoming milestones that we discuss towards the end of the video, so watch until the end!
Enjoy!
🔔 MARKET MOVING NEWS! (20/08/24)
1️⃣ Bitwise Acquires London-Based ETP Provider ETC Group to Enter Europe ☄️
Crypto asset manager Bitwise has reportedly acquired London-based ETC Group as part of its expansion into Europe. The acquisition has added nine European-listed digital asset ETPs to Bitwise's product offerings, bringing its total assets under management to over $4.5 billion. ETC Group's Europe-listed ETPs include a physical bitcoin product (BTCE) and staked ether ETP (ET32).
Source
2️⃣ Fabric Cryptography To Develop Cryptography Processing Unit After Raising $33 Million 💰
Fabric Cryptography, a Silicon Valley hardware startup, has reportedly raised $33 million in a Series A funding round. The round was co-led by Blockchain Capital and 1kx, with participation from Offchain Labs, Polygon and Matter Labs.
The team plans to use the funds to develop a cryptography processing unit, which it calls the Verifiable Processing Unit (VPU). The company’s press release describes the VPU as a “custom silicon chip that uses an instruction set architecture specific to cryptography.” They expect the VPU to be able to “drastically improve the speed and cost of running advanced cryptographic workloads” compared to currently available CPUs and GPUs. The new chips are slated to go into production later this year.
Source
3️⃣ Kamala Harris Likely to Nominate Gary Gensler as Treasury Secretary if Elected: Senate Sources 🔍
According to a report from the Washington Reporter, U.S. Vice President Kamala Harris plans to nominate SEC Chair Gary Gensler as Treasury Secretary if she wins the presidential election this November. The report cited multiple senior Senate staffers as its source.
Many in the industry view the development as bearish for crypto if true. Notably, the SEC brought a number of enforcement actions against some of the leading projects and companies in the industry including Coinbase, Kraken and Uniswap during Gensler’s time as Chair. His approach to crypto has been criticised by politicians from across the aisle.
However, the report has not received official confirmation and many remain skeptical about its legitimacy. A report by The Block noted that the Washington Reporter describes itself as a “right-of-center” digital newspaper. It also highlighted that the publication is staffed by self-described full-time Republican political “operatives” and was launched in 2024.
Source
4️⃣ Judge Denies SEC Attempt to Hamper Tron’s Defense Amid Dismissal Ploy 👀
A New York judge has reportedly dealt the Securities and Exchange Commission (SEC) a setback in its case against Tron founder Justin Sun. Notably, the judge denied the SEC’s attempt to block one of Sun’s main arguments, which he has been using to have the case against him dismissed.
Specifically, Sun and Tron’s defendants attempted to dismiss the case by arguing that the SEC had no authority over “foreign digital asset offerings to foreign purchasers on global platforms.” The SEC responded by claiming this was a “new argument” in an Aug. 12 letter. They asked the judge to either not consider it in Sun’s motion to dismiss or force them to file a “sur-reply” to address the new argument. However, the New York judge sided with the defendants that no new argument had been introduced.
Source
5️⃣ Top Democratic Donor Abandons Crypto Super PAC 🥶
Ron Conway, a Democratic mega-donor, has reportedly severed ties with a network of crypto super PACs after they announced they would spend $12 million to unseat Democratic Senator Sherrod Brown without informing him. Conway argued that the group’s money pledge would undermine efforts to pass crypto-friendly legislation in Congress by alienating Democratic lawmakers.
Conway expressed his outrage in an email sent to influential figures in the crypto industry, including Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse. The email reads,
https://www.youtube.com/live/ofr18DJKj5k?si=XQ0WpJCpB-tfK7Ru
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The Indian Enforcement Directorate (ED) of Ahmedabad claims that Bhatt extorted 2,091 BTC, 11,000 LTC and around $1.7 million in return for their release. Bhatt also reportedly paid his accomplices $34 million for “their active participation” in kidnapping and extortion, which was further used to purchase “immovable properties, gold and other assets.” While the investigation is still underway, the law enforcement agency claims it has already recovered “movable and immovable properties” worth $52 million.
Source
https://www.youtube.com/watch?v=QWS43YdxJjs
Читать полностью…
🔔 MARKET MOVING NEWS! (18/08/24)
1️⃣ Optimism Foundation Disables Permissionless Fraud Proofs, Plans Hard Fork Following Security Audits 🔍
The Optimism Foundation has reportedly decided to revert its permissionless fraud-proof system to a permissioned state after "community-driven audits" identified a number of bugs at varying levels of severity. Notably, the decision to make it permissioned again comes just two months after the permissionless state was introduced.
Mofi Taiwo, a representative of Optimism contributor OP Labs, submitted a proposal to Optimism's governance forum that detailed the security vulnerabilities identified and outlined the reasons for activating the fallback system. While Taiwo clarified that none of the vulnerabilities had been exploited, he reasoned that the permissioned fallback mechanism had to be activated to avoid any potential instability while the vulnerabilities were patched. The proposal schedules the upgrade dubbed "Granite" for September 10 at 16:00:01 UTC.
Source
2️⃣ BlackRock's ETFs Surpass Grayscale's in Assets, Crowning New Crypto Fund King: Arkham 📈
According to blockchain intelligence firm Arkham Intelligence, BlackRock’s digital asset ETFs have surpassed those offered by Grayscale in terms of total assets under management (AUM). Notably, this is despite BlackRock only offering two funds, IBIT (spot Bitcoin) and ETHA (spot Ethereum) while Grayscale offers four funds: GBTC, BTC Mini, ETHE, and ETH mini. Specifically, BlackRock’s combined digital assets AUM stands at $21.6 billion, while Grayscale’s combined digital assets AUM stands at $21.3 billion.
Source
3️⃣ Former BAYC Creative Director Jeff Nicholas Joins Meta’s Reality Labs ⚡️
Bored Ape Yacht Club’s former creative director Jeff Nicholas is reportedly set to join Meta’s Reality Labs as an executive producer. Nicholas will begin his new position in September and focus on mixed-reality entertainment experiences in this role.
While this marks his exit from Yuga Labs, Nicholas assured well-wishers and followers on social media that he would remain active in the BAYC community. He stated,
As for me personally, I’m not going anywhere. I minted Apes, I’m an Ape till I die, and I’m looking forward to continuing to be part of the community as this club, brand and legacy unfold in the days, months and years to come.
🚨 New Video Alert!! 🚨
Folks, Putin has been orange pilled. This is not a drill.
Sanctions on Russia are biting so hard that the government has turned to crypto for conducting international trade.
This news left us with a whole lot of questions, not least because of Russia’s domestic anti-crypto laws.
Today, we explore the Russian government’s messy history with crypto, and how they ended up using it to cut trade deals.
This is a video you don’t want to miss!