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His role was far more limited than any other defendant. He does not minimize his conduct; he pled guilty to serious crimes at the outset of this case and will regret his actions for the rest of his life. But his sentence should recognize that Nishad did not join the conspiracy at the heart of this case – the theft of FTX customer funds – until September 2022, just two months before the collapse of FTX.
🔥 Rally Report 🔥
FTX TOKEN
The price of FTT has rallied by 14% in the past 24 hours.
WHY?!
📈 The rally is likely driven by speculative trading activity.
🕯 Many investors now treat FTT to be a memecoin. Coincidentally, almost every token that has rallied today within the top 500 coins by market capitalisation is a memecoin.
If you want to buy or trade FTT, 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!! 🚨
Quantum Computers have an insane level of power - and yet, the technology seems to be slipping under the radar. This is crazy when you realise that quantum computing has the potential to crack the encryption code that’s used to protect personal information, like emails, banking information, and even cryptocurrencies.
Recently, QuEra - a market leader in quantum computing technology - sent a survey out to more than 900 people with some level of professional interest in quantum computing, and the results reveal a lot about where this technology is heading.
Today, we’ll break down the survey report published by QuEra, and tell you what it could all mean for the future of quantum computing.
Enjoy!
🔔 MARKET MOVING NEWS! (16/10/24)
1️⃣ Paxos Debuts New Stablecoin Payment Platform With Stripe ☄️
Stablecoin issuer Paxos has announced the launch of a new stablecoin payments platform targeting payment service providers (PSP) and fintech companies that want to enable stablecoin payments. The new stablecoin payments platform lets providers leverage a complete solution stack for onboarding, pay-ins, conversions, and pay-outs. Stripe, a global payment processing company, is reportedly the first PSP to integrate Paxos’ stablecoin payments platform into its system.
Stripe's Head of Crypto, John Egan stated,
We’re always looking for ways to make it easier and cheaper for businesses to accept payments from their customers worldwide. Partnering with Paxos, we’re excited to enable stablecoin payments for our users with our Pay with Crypto product.
Canary believes that Litecoin presents a unique and compelling opportunity for investors seeking exposure to a time-tested and reliable cryptocurrency. As one of the longest-running blockchains with 100% uptime since its inception, Litecoin has demonstrated a proven track record of security and reliability with significant enterprise-grade use cases.
https://youtu.be/7J8VV6LZA_k?si=j-L3BTXlsv1UmneS
Читать полностью…
🔔 MARKET MOVING NEWS! (15/10/24)
1️⃣ Sui Foundation Disputes $400 Million Insider Selling Allegation Amid Token’s Price Surge 🕯
The recent price rally of SUI has sparked allegations of insider selling. One social media user claims that nearly $400 million worth of SUI tokens were offloaded during the recent price surge. Specifically, the user claims that wallets associated with the SUI initial coin offering (ICO), including what is alleged to be a large foundation wallet, were engaged in selling activity.
The Sui Foundation has refuted these allegations, stating on Monday that no such activity had occurred from someone within the foundation or its core contributor, Mysten Labs. It speculated that the wallet which sold $400 million worth of SUI was likely owned by an “infrastructure partner” under a lock-up schedule. The sales are reportedly in compliance with the respective lockup schedule.
Source
2️⃣ Bitcoin and Ethereum Price Charts Have Disappeared From Google Search Results ❓
Search engine service Google Search has reportedly stopped displaying price charts for Bitcoin and other cryptocurrencies in its search results. While users can still access these charts through Google Finance, X users noted that searching for Bitcoin's price no longer produces a chart in the search results. Interestingly, it appears that searching for “DOGE” still shows Dogecoin’s price chart. The same is true for stock price searches. The feature showing Ethereum Name Service (ENS) address balances is also still functional. It remains unclear what prompted the change for other crypto price charts.
Source
3️⃣ Tether Mulls Lending to Commodity Traders ☄️
According to a recent Bloomberg report, stablecoin issuer Tether is exploring the potential for it to play a role in mainstream commodities trades. Specifically, Tether Holdings Ltd is considering lending to commodities trading companies, which rely heavily on credit to finance international shipments of commodities such as oil and precious metals.
In an interview with Bloomberg News, Tether Chief Executive Officer Paolo Ardoino confirmed the news. He stated,
We likely are not going to disclose how much we intend to invest in commodity trading. We are still defining the strategy. We are interested in exploring different commodity trading possibilities.
According to a recent X post by DeFi Report founder Michael Nadeau, Uniswap’s new layer 2 blockchain Unichain could potentially earn Uniswap Labs and UNI holders close to $500 million a year from fees that would’ve otherwise been paid to the Ethereum network. Nadeau also noted that Uniswap Labs would be able to capture all Maximum Extractable Value (MEV) on Unchain because it owns all of the validators on the network. In the last year, Uniswap has generated over $1.3 billion in trading and settlement fees across five primary chains, including Ethereum, Optimism, BNB Chain, Base, and Polygon.
Source
🔥 Rally Report 🔥
ETHENA
The price of ENA has rallied by 15% in the past 24 hours.
WHY?!
🧐 Ethena Labs, the entity behind USDe, has proposed onboarding SOL as part of the synthetic dollar's collateral mix that forms its treasury.
‼️ If Ethena's Risk Committee approves the proposal, an initial allocation target of $100-200 million in SOL positions will be gradually integrated as collateral for USDe. This initial allocation would represent roughly 5-10% of SOL's open interest.
If you want to buy or trade ENA, 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!! 🚨
Ever since Sui started pumping, everyone has been wondering whether it’s the next Solana. The short answer is yes, which is why we decided to compare and contrast these two promising crypto projects.
At first glance, it looks like Sui could outperform Solana. Upon closer inspection, however, you realise that there are factors which could result in similar returns, albeit with varying degrees of risk.
The catch is that Sui leverages technology which could someday become the standard in crypto, while Solana seems to be a favorite among institutions. Which will win in the end?
Stay tuned to find out!
🔥 Rally Report 🔥
APTOS
The price of APT has rallied by 20% in the past 24 hours.
WHY?!
👀 The rally likely comes from traders expecting APT to follow SUI in its recent bullish move.
📈 Notably, SUI recently achieved its all-time high of $2.28.
If you want to buy or trade APT, 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=5FbG98lAIYg
Читать полностью…
🔔 MARKET MOVING NEWS! (12/10/24)
1️⃣ FTX Creditor Says Hedge Fund Owes Him for Claim It Bought at '42% Discount' ▶️
Former FTX customer Alexander Nikolas Gierczyk has reportedly sued Olympus Peak, a hedge fund that purchased his claim in the bankrupt cryptocurrency exchange. Gierczyk sold his $1.59 million claim to the hedge fund last year at what he says was a 42% discount. The lawsuit alleges that Olympus Peak underpaid him and can gain more than $1 million from their agreement. According to the complaint, Gierczyk negotiated an explicit right to additional recovery in his agreement with Olympus Peak. He now contends that Olympus Peak owes him a larger payout and claims the fund has refused to honour this provision.
Source
2️⃣ Binance Exec Tigran Gambaryan Again Denied Bail In Nigeria ‼️
On Friday, Binance executive Tigran Gambaryan was reportedly denied bail again by a Nigerian judge. His family claims this move comes despite "clear evidence of medical requirement." The court has instead instructed the prison to refer him to a hospital for treatment.
Tigran's wife Yuki Gamabryan stated,
It is completely unjust to deny someone in Tigran’s condition the opportunity to seek appropriate medical help and I just pray that when he is finally released that the damage he is suffering is not permanent. I am exhausted and deeply disappointed, but I will continue fighting for my husband’s rightful freedom.
The fresh lawsuit is being assisted by the Washington, DC, think tank Coin Center. Specifically, the lawsuit argues that the staking rewards received by the Jarretts should be treated as property and taxable only upon their sale, not before.
Source
🚨New Video Alert!!🚨
Liquidity. It’s been a buzzword in crypto these days, and many believe that it perfectly predicts the price action of coins and tokens. While this may be true, it scratches the surface of what’s really going on.
A recent report by Lyn Alden, one of the best macro analysts, unpacks when liquidity works and when it doesn’t work as an indicator. Obviously, right now it works, which is why everyone is talking about it.
As the crypto market evolves, however, liquidity will become less important, and this could leave crypto traders offsides if they don’t know how to pivot to the other, more important on-chain indicators.
If you want to exit the crypto market in profit, this is a video you need to watch…
🔔 MARKET MOVING NEWS! (17/10/24)
1️⃣ Radiant Capital Halts Lending After Exploit ▶️
Omnichain lending protocol Radiant Capital has reportedly lost more than $50 million worth of crypto assets after an attacker seized control of its smart contracts by obtaining three of the "private keys" that control the protocol’s multisignature wallet. The exploit has so far affected the Radiant Lending markets on Binance Chain and Arbitrum. The team has since announced that markets on Base and Mainnet are paused until further notice.
Source
2️⃣ Italy to Raise Capital Gains Tax on Bitcoin to 42% From 26% 💸
According to a Bloomberg report, Italy plans to raise the capital gains tax on Bitcoin and other cryptocurrencies to 42% from 26%. That’s a nearly 62% increase from the current rate. Deputy Minister of Economy Maurizio Leo disclosed the move during a press conference on the country’s budget for 2025. He claims the Italian cabinet made the decision because the “phenomenon is spreading." He also stated the measure is part of a broader effort to generate additional revenue to support families, young people, and businesses.
Source
3️⃣ Cryptocurrency Activity And Usage At All-Time High: a16z 📈
According to VC firm a16z’s latest annual “State of Crypto” report, crypto activity and usage are at an all-time high this year. The report highlights a dramatic increase in blockchain activity, with 220 million addresses interacting on-chain at least once in September, triple the number in late 2023. This year also saw the highest number of mobile wallet users, with the United States comprising 12% of global users. The report highlights the broader adoption of stablecoins as one of the key drivers behind this growth.
Source
4️⃣ Florida Man Sentenced to 20 Years in Prison Over Crypto Ponzi Scheme ‼️
Juan Tacuri, a senior promoter of the global cryptocurrency Ponzi scheme Forcount, has reportedly been sentenced to 20 years in prison by a federal court in New York. The U.S. Attorney’s Office for the Southern District of New York said that Tacuri, who actively targeted Spanish-speaking communities, played a key role in defrauding thousands of victims across the globe.
U.S. Attorney Damian Williams stated,
Juan Tacuri may have claimed to be involved in cutting-edge cryptocurrency investing, but in reality, he was running one of the oldest tricks in the book: a Ponzi scheme. Tacuri was one of the most prolific promoters of the Forcount Ponzi scheme, taking in millions of dollars from working-class victims. Instead of using victims’ funds as promised, he instead spent it on himself. Today’s sentence should serve as a stark reminder that, in the long run, fraud does not pay.
https://youtu.be/Yp2XtzFkwso?si=1At9_Do07nFacF0O
Читать полностью…
According to a recent SEC filing, Grayscale Investments is looking to convert its current Digital Large Cap Fund into an exchange-traded fund (ETF). Notably, the Grayscale Digital Large Cap Fund is a multi-token fund that tracks the CoinDesk Large Cap Select Index which measures the market cap-weighted performance of five of the largest cryptocurrencies, including BTC, ETH, SOL, XRP, and AVAX. The request to the U.S. Securities and Exchange Commission (SEC) was made by The New York Stock Exchange on behalf of Grayscale.
Source
🔥 Rally Report 🔥
DOGECOIN
The price of DOGE has rallied by 8% in the past 24 hours.
WHY?!
📈 The rally could likely be from memecoin traders on Ethereum turning their attention towards older blue-chip memecoin projects.
🧐 One possible catalyst could be crypto asset manager Grayscale’s inclusion of DOGE in a list of 35 altcoins that are “under consideration” for future investment products. Another catalyst could be speculation surrounding DOGE supporter Elon Musk’s role in the upcoming U.S. Presidential election.
If you want to buy or trade DOGE, 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!! 🚨
Restaking is a new crypto primitive that could change the crypto market forever. It should come as no surprise then that Eigenlayer has been viewed with lots of speculation, including its EIGEN token.
What is surprising is just how much this new crypto protocol could affect Ethereum in the short term and long term. This has kept Ethereum Foundation researchers close to the point of controversy.
With the EIGEN token finally launching, everyone is wondering whether Eigenlayer’s innovation could turn into price action. It all depends on a factor that’s not obvious at first glance.
This is a video you can’t miss!
🔥 Rally Report 🔥
FIRST NEIRO ON ETHEREUM
The price of NEIRO has rallied by 12% in the past 24 hours.
WHY?!
📈 Part of a larger rally seen among memecoins.
🐳 Most of the price action for NEIRO seems to be driven by whale activity. On-chain analytics provider SpotOnChain noted that liquidity provider GSR Markets recently bought 40.4 million NEIRO on Ethereum. Notably, this represents roughly 4% of the meme coin’s circulating supply.
If you want to buy or trade NEIRO, 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!
Today we cover:
- FTX Repayments Incoming
- GameFi Going Mainstream
- Feds’ Shitcoin Psyop
- What’s Next for Ethereum?
- Bitcoin Adoption Continuing
- Top Gainers in Crypto
Join us LIVE!
🔔 MARKET MOVING NEWS! (14/10/24)
1️⃣ Off The Grid Nabs #1 Slot On Epic Games Store 🎮
Off The Grid, a cyberpunk-themed battle royale video game on an Avalanche Subnet has reportedly managed to rank as the #1 free-to-play game on the popular Epic Games Store. It overtook popular titles such as Fortnite and Genshin Impact to nab the spot. according to analytics site TwitchTracker, the game currently ranks #32 in popularity among all games being streamed on Twitch.
The game, available on PC, PlayStation, and Xbox consoles, was co-created by Neil Blomkamp, the filmmaker behind sci-fi hits such as District 9 and Elysium. It rose in popularity partly through a partnership with the popular Twitch streamer Tyler "Ninja" Blevins and a feature from controversial streamer Dr. Disrespect. While the game will grant players “complete ownership" over their in-game items, the crypto features have yet to fully launch. The token currently only functions as an in-game currency.
Source
2️⃣ Avalanche Foundation To Buy Back Nearly 2M AVAX Sold To Terra In 2022 ‼️
The Avalanche Foundation has reportedly negotiated a deal to repurchase the 1.97 million AVAX tokens it sold to the Luna Foundation Guard (LFG) in April 2022. Notably, the purchase was made a month before the Terra blockchain ecosystem collapsed. The Avalanche Foundation will repurchase the 1.97 million AVAX tokens for $45.5 million – this is a 44% decrease from the $100 million LFG paid to buy the tokens back in 2022. The repurchase agreement and settlement have been filed in a Delaware Bankruptcy Court and are now pending court approval. Terraform Labs claimed the settlement would reduce litigation costs and deplete fewer assets from those available to distribute to creditors.
Source
3️⃣ Monochrome to Launch ‘World First’ Ethereum ETF on Cboe Australia ⚡️
Monochrome Asset Management is reportedly preparing to launch Australia’s first spot Ethereum ETF (IETH) on Cboe Australia. The ETF is set to begin trading on Monday (Tuesday 10 AM AEDT).
Notably, IETH is the country’s first Ether exchange-traded fund to hold the asset directly. The fund is positioning itself as the world’s first to offer in-kind Ethereum subscriptions and redemptions. CEO Jeff Yew claims the feature could allow for greater tax efficiencies as the dual-access bare trust structure is designed to prevent a capital gains tax event. For context, a ‘bare trust’ means that your investment in the ETF may be treated as if you directly own the Ethereum. This allows long-term crypto participants to transfer Ethereum into the corresponding Monochrome ETF without triggering a change of legal and beneficial title.
Source
4️⃣ Samara Asset Group Plans up to $32.8M Bond to Expand Bitcoin Holdings 💸
Publicly-listed asset management firm Samara Asset Group (SRAG) is reportedly set to issue an up to 30 million euro ($32.78 million) bond to buy more BTC, which serves as Samara's primary treasury reserve asset. The bond would be a senior secured Nordic bond and the proceeds will be used to expand Samara's diversified portfolio, which includes buying additional stakes in alternative investment funds and increasing its bitcoin holdings. Samara has mandated Pareto Securities as the sole manager to arrange multiple fixed-income investor meetings. The bond will be listed on the Oslo and Frankfurt stock exchanges, with a minimum subscription requirement of 100,000 euros.
Source
5️⃣ Uniswap Labs, UNI Holders Could Make $468M A Year From New L2: DeFi Report 💰
https://www.youtube.com/watch?v=YbArDbb6j6E
Читать полностью…
🔔 MARKET MOVING NEWS! (13/10/24)
1️⃣ Former FTX Executive Ryan Salame Begins His Seven And A Half Year Prison Sentence ▶️
Former FTX executive Ryan Salame has reportedly begun serving his seven-and-a-half-year prison sentence at FCI Cumberland in Maryland. According to the Federal Bureau of Prisons website, the prison is a "medium security federal correctional institution with an adjacent minimum security satellite camp" that houses over 1000 inmates. Salame was seen sharing a post on LinkedIn, seemingly poking fun at his situation. The post reads: "I'm happy to share that I'm starting a new position as Inmate at FCI Cumberland."
Source
2️⃣ Arbitrum DAO Member Proposes $120 Million Recall From Gaming Fund That Missed Deadlines ‼️
Joseph Schiarizzi, an Arbitrum DAO member and DeFi founder, has posted a proposal to recall 220 million ARB tokens (worth $188 million) allotted to Arbitrum's Gaming Catalyst Program (GCP). For context, the GCP was created via a governance proposal in June to "catalyse gaming ecosystem growth" on the network.
However, Schiarizzi noted that the GCP has seemingly missed several of the deadlines laid out in the original proposal. It has also apparently failed to create a website, issue RFPs, or consider grants, and it's unclear whether permanent council members have been elected. Notably, the cadence of publicly published updates has fallen short of the two-week timeline given in the proposal. The missed deadlines have prompted Schiarizzi to propose recalling a majority of the GCP's funding.
Source
3️⃣ British Man Sues Council For $647M Over Lost Bitcoin In Landfill ❓
James Howells, the IT engineer from Newport who accidentally discarded a hard drive containing 8000 BTC in 2013, is reportedly suing the Newport City Council in the United Kingdom for 495 million British pounds (around $647 million) in damages. Howells has attempted to recover the lost hard drive for over a decade after mistakenly placing it in a bin liner, which ended up in a recycling centre. The lawsuit comes after the council repeatedly denied his requests to excavate the site and retrieve the drive. Howells has assembled a team of legal experts to file the court claim, which is set to be heard in December.
Source
4️⃣ Crypto Companies Paid $19B In Settlements To US Regulators In 2024 💰
Crypto companies have reportedly paid over $19 billion in lawsuit settlements to United States regulators in 2024. This represents almost two-thirds of all settlements to date. A recent CoinGecko report shows that the bankrupt crypto exchange FTX and affiliated trading firm Alameda are responsible for most of the funds, with $12.7 billion paid to the Commodity and Futures Trading Commission (CFTC) in an August settlement. The total settlement amounts included forfeiture, disgorgement, civil penalties, settlement and prejudgment interest, but not individual lawsuits against executives.
Source
5️⃣ Scroll Lists On Binance, Sparking Debate Over Centralisation Concerns 🧐
Ethereum layer-2 network Scroll’s recent Binance listing has sparked concerns about the project potentially compromising on its decentralisation principles. One X user described Scroll’s decision to list on Binance as “kneeling” to a centralised exchange (CEX).
Scroll co-founder Ye Zhang responded to the post, stating,
I don’t think partnering with Binance is “kneeling to a CEX for listing” - it’s way more than that, it’s a strategic decision to build a partnership for growth and broader support. However, it is indeed a tough decision.
Next Week In Crypto: Key Events To Watch (Oct 14th-20th, 2024) 🗓
Another action-packed week ahead! From major token unlocks to critical economic data and potential big news from Avalanche, these are the dates you need to keep on your radar. Let’s dive into what’s coming and how it might impact the crypto markets.
_________________________________________
🔐 October 15 – Eigenlayer (EIGEN) Token Unlock
EigenLayer is set to unlock 11.31 million EIGEN tokens, valued at approximately $42 million, representing 6.01% of its circulating supply.
_________________________________________
🔐 October 16 – Arbitrum (ARB) Token Unlock
Arbitrum will release 92.65 million ARB tokens, worth roughly $49 million, accounting for 2.56% of the circulating spply.
_________________________________________
🚀 October 16-18 – Avalanche Summit LATAM
The Avalanche Summit in Buenos Aires is expected to bring major announcements, including the unveiling of Avalanche 9000, the most significant upgrade since its mainnet launch. If you hold AVAX, this is definitely worth keeping an eye on.
_________________________________________
📊 October 17 – U.S. and China Economic Data Releases
On October 17, two major economic data releases will take place:
▶️ U.S. Retail Sales & Initial Jobless Claims
Strong retail sales would suggest ongoing economic strength, while lower jobless claims indicate a resilient job market.
However, with this week’s higher-than-expected inflation data (CPI and PPI), there are concerns that the Fed might have been premature in cutting rates by 50bps. If retail sales and jobless claims suggest the economy remains robust, the Fed may delay further rate cuts to prevent fueling inflation, which could be bearish for all markets, including crypto.
▶️ China’s Q3 GDP Data
China’s Q3 GDP data will provide crucial insights into the strength of the global economy. Strong growth could ignite risk appetite among investors, boosting confidence across markets. Conversely, weaker-than-expected data might spark caution and risk-off behavior, potentially putting downward pressure on crypto markets.
_________________________________________
That’s your overview for the week ahead! Stay informed, stay prepared, and we’ll be back with more insights in the next weekly update.
🚨 New Video Alert!! 🚨
BTC has become one of the biggest assets in the world, and the same TradFi types who once dismissed it are now accumulating as much as they can.
But just how did BTC become so valuable, and what persuaded the haters to FOMO in?
If you think the answer is ‘pure speculation’ or ‘number go up’, then this video is for you. Today, we’re unpacking a report from BlackRock that explains exactly what is driving the price of BTC up, and why it’s becoming a staple for TradFi portfolios.
This is a video you don’t want to miss.
🔥 Rally Report 🔥
ETHENA
The price of ENA has rallied by 21% in the past 24 hours.
WHY?!
💰 The rally follows synthetic dollar protocol Ethena's decision to invest its $46 million reserve fund in a number of tokenised assets.
☄️ Specifically, the investment will be allocated to BlackRock BUIDL, Mountain's USDM, Superstate's USTB, and Sky's USDS
If you want to buy or trade ENA, 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! (11/10/24)
1️⃣ Ripple Plans 'Cross-Appeal' in SEC Case ‼️
Ripple Labs is reportedly planning to file a cross-appeal in its ongoing case against the U.S. Securities and Exchange Commission. The move is part of the company’s effort to maintain its legal defences as the SEC has filed its own appeal in the case.
The SEC's appeal follows a July 2023 decision by District Judge Analisa Torres, which stated that Ripple's XRP sales did not violate federal securities laws. Ripple's Chief Legal Officer emphasized the importance of ensuring all arguments are considered, especially the argument that there cannot be an investment contract without there being the essential rights and obligations found in a contract.
Source
2️⃣ SEC Sues Crypto Trading Firm Cumberland, Alleges Solana and Polygon Are Securities (Again) ❓
The U.S. Securities and Exchange Commission has reportedly charged Chicago-based crypto trading firm Cumberland DRW with various securities charges. The SEC alleged that Cumberland operated as an unregistered dealer in handling more than $2 billion worth of cryptocurrencies. The complaint specifically mentions five assets that the regulator considers to be securities - Solana, Polygon, Cosmos, Algorand, and Filecoin. It also notes that it is a “non-exhaustive” list of such assets.
Source
3️⃣ Tron Founder Justin Sun Elected As Prime Minister Of Liberland 🔍
Tron founder Justin Sun has reportedly been elected as prime minister of Liberland, a self-proclaimed micronation wedged between Croatia and Serbia. According to a previous statement from the sovereign state, Liberland was established in 2015 by Czech politician Vít Jedlička and was the "first country to adopt BTC as its official currency.” Entrepreneur Evan Luthra and journalist Jillian Godsil were also elected to serve as a member of Congress. For the recent elections, Liberland used a "blockchain-based election system."
A statement released by Liberland reads,
Justin Sun and Evan Luthra are newcomers to Liberland but have consistently proven themselves as accomplished entrepreneurs in the crypto space. Their track records as genuine 'doers' will be instrumental in advancing our blockchain projects, and their skill and dedication promise to benefit Liberland as a whole.
After years of building and scaling DeFi products, we’ve seen where blockchains need improvement and what’s required to continue advancing Ethereum’s roadmap. Unichain will deliver the speed and cost savings already enabled by L2s, but with better access to liquidity across chains and more decentralisation.