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💰 SEC Responds To Ripple’s Last Filings In The XRP Lawsuit
The Securities and Exchange Commission (SEC) of the United States has submitted its answer to the Ripple defendants’ letters filed in District Court about Supplementary Authorization from the Bittner and Voyager cases. According to the US SEC’s submission, neither Bittner vs. the United States nor the Voyager Digital Holdings bankruptcy plan. The Bittner decision, according to the commission, has nothing to do with the fair notice defense that Ripple and its defendants are attempting to use to avoid liability in the civil action. It stressed that the principle of lenity contained in the Bittner judgment does not apply in the context of civil enforcement. The Court’s decision in the Voyager bankruptcy case, in which the Judge disregarded the SEC’s objections and permitted the bankruptcy plan, was noted in the extra authority notification. The latest development comes while the XRP community waits for the lawsuit’s Summary Judgement.
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🇭🇰 Hong Kong Regulator Greenlights Victory Securities For Crypto Investments
Shengli Securities, a Hong Kong-based financial services company, has issued a notice to its shareholders and investors that its subsidiary, Victory Securities, has received approval from the Hong Kong Securities and Futures Commission to manage a portfolio in virtual assets. This move is considered significant in view of the rapid development of virtual assets in recent years. The approval from the Hong Kong Securities and Futures Commission is subject to the “Terms and Conditions” standard for a licensed portfolio management company that invests in virtual assets. Such approval gives Victory Securities the go-ahead to manage a portfolio in virtual assets and to provide asset management services related to virtual assets. The company’s management believes that this development will positively impact the group’s future growth. By providing asset management services related to virtual assets, the company will be able to offer customers more diversified services.
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🪙 Terraform Labs CEO Do Kwon believed to be arrested in Montenegro, Yonhap says
A person suspected to be Do Kwon, founder of the Terra blockchain that collapsed in spectacular fashion last year, has been arrested in Montenegro, Yonhap reported, citing South Korean police. The report followed an unverified tweet attributed to Montenegro's Minister of Interior Filip Adzic that said a person suspected to be Do Kwon had been arrested. Officials contacted in Montenegro by The Block were not immediately able to confirm the information. TerraUSD, the stablecoin created by Terraform Labs and often known by its ticker UST, collapsed in May 2022, wiping out tens of billions of dollars for investors. The incident was the first of a series of crises to hit crypto markets over the course of 2022, including the bankruptcies of crypto lender Celsius and exchange giant FTX. A South Korean court issued an arrest warrant for Kwon, a Korean national, in September, saying he breached capital markets laws.
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⚪️ Sui Network To Launch Mainnet In Q2, No Official Plans For Airdrop
The public blockchain Sui Network stated that the mainnet would be launched in the second quarter of this year to promote the Web3 development community on the protocol more. Moreover, from now until the mainnet, the project will host The Wave to Mainnet event. This is a series of events designed to introduce consumers to Sui and help them grasp the potential of this project with promising technology and unique solutions. Web3 initiatives on Sui have lately grown in scope, with Mysten Labs and Battlemon Partner launching the top NFT, DeFi, and gaming hubs, as well as an open universe of diverse on- and off-chain games. Sui and Aptos are both blockchain initiatives created by the former Diem team, a blockchain fostered by Meta. Although Aptos has already distributed hundreds of millions of dollars to its customers in late 2022, Sui Network’s airdrop is still unknown. The Sui Foundation, on the other hand, established a campaign to provide the community early access to SUI tokens. This initiative enables members of the community to buy SUI tokens at an early stage in a fair and decentralized way.
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🦊 ConsenSys' MetaMask Institutional to add staking marketplace
The institutional version of web3 wallet MetaMask today unveiled its staking marketplace as the regulatory perception of proof-of-stake tokens continues to evolve. The platform, which will go live on March 27, enables firms looking to delve into staking to access products with standardized terms and conditions for four different staking providers. Those include Kiln, Blockdaemon, Allnodes and ConsenSys Staking. The launch comes with staking under the regulatory microscope in the U.S. Last week, Securities and Exchange Commission Chair Gary Gensler suggested to reporters that tokens using staking protocols could be considered securities under U.S. law. Those comments come off the back of the SEC's first staking-as-a-service enforcement action — charges which were settled with Kraken last month. MetaMask Institutional product lead Johann Bornman in an interview at Kiln's side event during Paris Blockchain Week. "And you also have this very complex decision to make between different terms and conditions and different features.
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🇭🇰 Hong Kong To Regulate Stablecoins in 2024, Over 80 Companies Interested
The Secretary for Financial Services and the Treasury, Mr. Christopher Hui, spoke at the Aspen Digital Web 3 Investment Summit about Hong Kong’s vision and strategy for supporting and promoting Web3 technologies and applications. The government is also launching a licensing regime for VA service providers that will commence operation in June 2023. Hong Kong is well-positioned to be a leading hub for Web3 in Asia and beyond, and the government is committed to supporting the virtual asset (VA) and Web3 sectors. Hong Kong’s vibrant fintech ecosystem includes over 800 fintech companies offering innovative and convenient financial services. The government issued the Policy Statement on the Development of VA in Hong Kong last year, setting out the vision and policy direction for the sustainable and responsible development of the VA sector. The government is also launching a licensing regime for VA service providers that will commence operation in June 2023.
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💰 Zilliqa To Launch A Fully Compatible Version Of EVM On The Mainnet
Layer 1 blockchain Zilliqa stated that it would publish the first EVM fully compliant version on the mainnet on April 25. In December 2022, Zilliqa unveiled the EVM compatibility testnet, enabling smart contracts written in Solidity to be deployed directly on the blockchain and hoping to promote the project to a larger blockchain development community. The Ethereum Virtual Machine (EVM) is a foundational component of Ethereum that powers the blockchain and smart contracts. It is critical for Ethereum’s user uptake and decentralization. EVM is the compute engine that allows Ethereum Nodes to maintain copies of transaction data, which the EVM processes to update the distributed ledger. In general, Ethereum nodes naturally support the EVM since the client software implements this functionality. After this testnet implementation, the first full release of EVM compatibility will be brought to the Zilliqa mainnet, which is scheduled to be online on April 25, 2023.
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📣 Trojanized WhatsApp And Telegram Contain Malware To Steal Crypto Funds
According to ESET Research, a network security research company, criminals were discovered employing counterfeit versions of Telegram and WhatsApp programs with malware in an effort to steal cryptocurrency. Clippers are a sort of malware that may steal or manipulate the contents of the clipboard, according to reports. This is the first time ESET Research has seen Android clippers explicitly targeting instant messaging. According to the languages utilized by these counterfeit apps, the operators behind them seem to be primarily targeting Chinese users. This software may change the bitcoin wallet addresses that victims provide in chat messages to those of the attackers. Some clippers employ optical character recognition to steal bitcoin wallet recovery phrases and extract information from images. ESET discovered remote access Trojans with malicious Windows versions of WhatsApp and Telegram, in addition to cutters. Although the first incident of clipper malware on the Google Play Store was in 2019.
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📶 Arbitrum Airdrop On March 23 Is Used As A Scam
The Arbitrum airdrop is getting really close, and the community is very excited about this news. However, scammers have also taken advantage of this opportunity to target impulsive people. Redefine, a blockchain security startup said on March 19 that it discovered a website impersonating the legitimate airdrop website. According to screenshots, the site asks users for authorization to access their cash. CertiK, another blockchain security company, identified a bogus Arbitrum Twitter account with the identity “arbitrum launch,” touting a token airdrop. Scam Sniffer, a Web3 anti-scam program, said last week that it had spotted more than 273 Arbitrum-related phishing sites since the token airdrop was announced, with the number anticipated to climb before the formal airdrop on March 23. Nansen, a blockchain analytics company that collaborated with Arbitrum to design the requirements, indicated that just 625,143 of the more than 2.3 million wallets bridged on the Arbitrum One chain before February 6 are eligible for the airdrop. Even the community is warning about scams taking advantage of the long-awaited airdrop.
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🥇 Bitcoin ATM maker General Bytes shuts down its cloud service after hacker identifies vulnerability
The company posted a high severity security incident warning on its Confluence page on March 18. The attacker was able to access the database, download user names and passwords as well as turn off two-factor authentication and scan terminal event logs for instances when customers scanned private keys in the ATM, the company said. The hacker was able to mount the attack by uploading their own Java application and running it remotely, using the master service interface, which is used in bitcoin ATMs to upload videos to the server, the company said. The company published steps to implement the security fix. It also said that in multiple audits that had been completed since 2021 it had not identified this vulnerability. The security post also listed the crypto addresses and APIs used by the attacker. On-chain analysis shows a balance of 56 bitcoin ($1.5 million) in the bitcoin wallet linked to the attacker.
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📣 FTX identify over $3B transfer to SBF, others
FTX management said Sam Bankman-Fried (SBF) and other top executives of the bankrupt firm received $3.2 billion in payments and loans — mainly from its sister company, Alameda Research. According to a March 15 statement, SBF received $2.2 billion from this payout. Other executives like former FTX director Nishad Singh, FTX co-founder Gary Wang, former Alameda Research CEO Caroline Ellison. The management noted that these payments excluded the over $240 million the former executives spent on purchasing luxury properties in the Bahamas and their political and charitable donations. The payments also excluded “substantial transfers” made to the bankrupt’s firm subsidiaries in the Bahamas and other regions. The firm added that while some of the properties purchased with the proceeds are in its control or that of government’s authorities, the entire “amount and timing of eventual monetary recoveries cannot be predicted at this time.”.Meanwhile, FTX said it is still investigating to identify the firm’s “assets, liabilities and transfers.
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💰 Balaji Bets $1 Million That Bitcoin Will Be Worth $1 Million In 90 Days
Balaji, a prominent figure in the cryptocurrency world, recently announced that he is moving $2 million into the stablecoin USDC for a bet. Medlock and another person will join him, and if Bitcoin is worth more than $1 million in 90 days, he wins. The counterparty gets $1 million in USD if it’s worth less. Srinivasan believes that hyperbitcoinization is on the horizon. Srinivasan argues that hyperinflation in BTC vs. USD terms will occur due to the digital nature of our world. He believes that everything will happen very quickly once people realize that the Federal Reserve has lied about how much money there is in the banks. He warns that all dollar holders will be destroyed but says there are sources of forewarning: the long-term depreciation of USD vs. BTC. While some may ignore or mock his prediction, Srinivasan maintains that the digital devaluation of the dollar is imminent and intense.
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🇸🇻 El Salvador Launches Bitcoin, Lightning Dev Training Office
El Salvador’s government has launched another initiative repping its support for Bitcoin adoption and development of the broader network. Plan B was an initiative the Bitcoin Office launched in Lugano, Switzerland last year to facilitate Bitcoin adoption. The city has already made Bitcoin and USDT de facto legal tender, and enabled BTC acceptance with over 150 merchants in the city. The Plan B fellowship will provide the opportunity for El Salvador’s best and brightest computer science students to be trained by the biggest names in bitcoin from around the world,” stated the Office. The lecturers and mentors involved are yet to be announced. The current project will collaborate with the university of Don Bosco in Soyapango, which was recently freed from gang control after Bukele’s brutal crackdown on gang violence that began last year. El Salvador was the first country to officially install Bitcoin as legal tender, with the Central African Republic following suit months later.
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🪙 MakerDAO Has Approved Proposal To Raise US Treasury Investment Cap
According to the official announcement, MakerDAO’s proposal to increase the investment limit of US Treasury bonds from $500 million to $1.25 billion has been approved. The bonds, which mature every two weeks, will be purchased a total of 12 times for $62.5 million over a six-month period. According to the proposal, the strategy is expected to yield a net annualized return of 4.6% to 4.5%. The proposal intends to improve the protocol’s exposure to real-world assets and high-quality bonds. Previously, the DAO collaborated with private lender Monetalis, acting as a strong legal and asset adviser to Maker in its exposure to conventional assets. DAI was created in 2017 by MakerDAO as a decentralized stablecoin backed by Ethereum (ETH) and other crypto collateral. MakerDAO has turned to a policy of diversifying its treasury into real-world assets during the previous year (RWAs). According to the DAO, the proposal will enable Maker to take advantage of the present yield environment.
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💰 Polygon And Avail Split After 3 Years, Co-founder Forms A New Entity
Polygon spun out its modular blockchain project Avail into its own company. Anurag Arjun, the co-founder of Avail, departed and purchased the company, and the Avail employees will transition to the new organization. Avail is presently functioning on testnet, with the mainnet set to debut soon. As part of the spin-off, Avail will establish the Avail Foundation, a new non-profit foundation. Polygon is said to have initiated the Avail project in late 2020 and made it public in mid-2021. Avail is a modular blockchain that enables developers to create scalable and flexible apps. Modular blockchains, as opposed to monolithic blockchains, segregate essential operations such as consensus, security, data availability, and execution. Arjun was a co-founder of this initiative earlier. Nevertheless, the purchase of the project by a different entity (owned by Arjun) would formally remove it from Polygon. Arjun’s whole Polygon team will be transferred to the new business as a result of this relocation.
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🇸🇻 El Salvador To Build A Tax-Free Paradise For AI Development And Bitcoin
El Salvador focuses on technological innovation, including tax elimination on tech advancements. This move attracts a huge number of developers and investors in every corner of the world. President Nayib Bukele has been at the forefront of this drive, embracing financial technology through Bitcoin and, more recently, with his plan to obliterate all taxes on technological advancements. In a recent tweet, Bukele announced that all taxes, including income, property, capital gains, and import tariffs, will be eliminated. This move is aimed at encouraging the growth of the tech industry in El Salvador, particularly in the areas of AI development, coding, and apps, among others. The President plans to send a bill to Congress next week to make this a reality. This latest move by the El Salvadoran government is unsurprising, given Bukele’s previous focus on Bitcoin. Last week, the country even launched a Bitcoin/Lightning developer training program, and the much-awaited Bitcoin bonds are expected to roll out sometime between June to September.
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🪙 DRPC launches decentralized RPC network for Ethereum apps
Ethereum infrastructure provider DRPC launched a decentralized RPC network for Ethereum-based apps to boost security, cost-efficiency, and reliability for decentralized applications in the crypto space. RPC stands for remote procedure call; a protocol used by crypto apps to communicate with blockchain networks. RPCs form a major part of the infrastructure layer for many blockchains, including Ethereum. DRPC says it solves this problem by offering a decentralized RPC stack with a network of globally distributed providers. This group of decentralized providers can spread the RPC load of crypto apps among themselves more efficiently, DRPC stated in its announement. DRPC stated that its decentralized RPC currently supports Ethereum-based apps. The team has plans to expand its coverage to other EVM-based networks including Arbitrum, Polygon, and Optimism in the coming months. The project crossed the milestone of processing one billion RPC requests last month.
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💰 The Graph integrates on-ramp to enable direct fiat payments
Decentralized infrastructure protocol The Graph teamed up with web3 fiat-to-crypto gateway Banxa, enabling users to pay with fiat currency rather than just crypto to access its indexing and querying data from blockchains. The integration aims to lower the barriers to decentralized protocols, making it easier for developers to access blockchain data in a similar way to traditional. The collaboration marks the first use of Banxa’s OpenRamp product, enabling fiat payments to interact with smart contracts. In this case, it fulfills all fiat transactions directly to The Graph’s billing contracts. The Graph argues the integration provides new possibilities for B2B2C projects in web2 and web3, allowing payments using a wide range of methods familiar to SaaS platforms. By creating a user experience comparable to traditional enterprise models while maintaining the advantages of decentralized technology, The Graph aims to unlock an ecosystem that supports both fiat-to-crypto.
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🇪🇺 Payment restriction in EU anti-money laundering bill irks crypto industry
A single article introduced by the European Parliament to the anti-money laundering rule for commercial crypto payments has stirred Europe's digital asset industry. Policymakers hope that they can close a loophole for untraceable transactions by prohibiting payments over a €1,000 ($1,070) threshold from unregulated crypto payment services providers operating in the European Union. The industry, however, worries this addition may stray from the regulatory path already outlined in finalized bills — like the soon-to-be-enforced Markets in Crypto-Assets and the Transfer of Funds Regulation — or hinder innovation in the decentralized finance sector. With just one week left before the Parliament cements its version of the anti-money laundering regulation bill in a joint committee vote on March 28, policymakers are working to tweak the language while the crypto industry has mobilized to take a stance. A group of MEPs leading the negotiations on the Parliament's draft are meeting this week.
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💰 Gaming project Aavegotchi to release own blockchain with Polygon Supernets
Gaming project Aavegotchi revealed plans to launch its own blockchain called Gotchichain. The network will leverage Polygon Supernets, which is Polygon's service that allows projects to create their application-specific chains. Unlike their real-world counterparts, Aavegotchis carry value in the form of staked tokens and wearables, and they can be traded like any other blockchain token. The team said in a blog on Wednesday that this release allow developers to create Aavegotchi-themed, gaming-based decentralized apps on its dedicated network. Supernets (previously Polygon Ede) is a Polygon platform that lets teams to create their blockchain networks using a software development kit (SDK). Aavegotchi’s governance token aavegotchi (GHST) will serve as the gas token for all transactions. The team added that it is targeting an early third quarter of 2023 release for Gotchichain. Aaavegotchi’s team originally launched on the Polygon sidechain in January 2021.
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💰 Immutable And Polygon Join Forces For Web3 Gaming
Immutable and Polygon partner to accelerate the development of web3 gaming. The partnership introduces Immutable zkEVM, empowering IMX holders and one billion players to own their assets on Ethereum. According to the announcement, the two leaders in web3 gaming have already invested nearly $2B in web3 games together. This partnership will introduce Immutable zkEVM, the future of gaming. The strategic partnership aims to remove complexity and risks while accelerating their path to success on Ethereum. The partnership will also empower IMX holders with zkEVM, allowing them to launch the single biggest upgrade to any token’s utility in history. The partnership will expand from an exchange utility token to make IMX the native gas token of Immutable zkEVM. Additional expansions will also be announced over the next two months in partnership with the Digital Worlds Foundation. Web3 games have been lackluster, and the industry needs tools and infrastructure that allow builders.
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🏦 Crypto.com Users Get Freedom After Spending $7 Million Wrongly Sent
A customer named Jatinder Singh accidentally received $7 million from crypto exchange Crypto.com in 2021, then spent it lavishly, although his whereabouts are still unknown $3.1 million, but he was released on bail, according to Cointelegraph. On 20 March, in Victoria District Court, prosecutors tried to convince the judge that jail was the only way to ensure Singh would not flee the country. Singh faces a series of theft charges with his wife, Thevamanogari Manivel, the bank account owner where the money was transferred. Both pleaded not guilty. They claimed that they had legitimately won $7 million through the Crypto.com contest. After the lawsuit was filed, the Supreme Court of Victoria ruled that the duo must return the money to Crypto.com. Reportedly, the problem stems from the fact that in May 2021, a Bulgarian employee of Crypto.com mistakenly deposited $7 million. Filed a lawsuit to recover damages, $7.3 million was recovered, and the defendants used $3.1 million allegedly lost to buy 4 houses.
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💰 Polygon ID Will Be Integrated Into The Sandbox To Enhance User Security
The Sandbox, a metaverse gaming platform, is collaborating with Polygon Labs to integrate Polygon ID before the end of the year. Polygon ID revealed earlier this month that four tools had been released in Identity Infrastructure to create a better internet that puts identity at the core of it. It provides developers with tools for creating self-sovereign, decentralized, and private identification solutions for users. Anyone may now become an issuer, verifier, or holder of a Web3 identity by utilizing the Polygon ID infrastructure stack, which is currently accessible under an open-source license to the public. This implies that off-chain data may now be utilized for trustless on-chain verifications in the widely recognized Verified Credential format. ZK technology is an encryption technique that enables to prove and validate information parties without gaining access to it. ZK technology, also known as zero-knowledge technology, refers to protocols and services that use an encryption approach known as zero-knowledge proofs.
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🇦🇪 Crypto.com Received Approval From The Dubai Virtual Assets Regulation Authority To Expand Its Crypto Portfolio
Crypto.com has been obtained the MVP preparatory license by the Dubai Virtual Assets Regulatory Authority (VARA). In order to establish and manage a differentiated, strong, and secure future-proof ecosystem that provides a dynamic global best-in-class VA market with safe cross-border interoperability, the regulatory framework that VARA provides will be essential. This framework will also be vital. According to the official site, Crypto.com announced on March 20 that it has secured the MVP preliminary license from the Dubai Virtual Assets Regulation Authority (VARA). The MVP phase of the preparation phase permits authorized licensees to complete all of the requirements for operating in the MVP market under the VARA regime. Once licensed, Crypto.com will be able to extend its permitted portfolio of suitably regulated virtual asset operations to include crypto trading services (spot and derivatives), brokerage, margin/leveraged trading, and services centered on institutional investors. OTC transactions that have been cleared.
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💰 Date for FTX's auction of LedgerX revised for third time
The counsel for FTX filed the notice of revised dates on March 18 in U.S. Bankruptcy Court for the District of Delaware. The auction will now be held on April 4 at the offices of Sullivan & Cromwell and a sale hearing will take place April 12, the filing said. Notice of the successful bidder should occur within one business day of the conclusion of the auction. The auction had previously been scheduled for March 7 and then was revised to March 22, according to court filings. A reason for the most recent date revision was not provided. FTX secured approval early this year to sell business units to raise money for creditors. It is also looking to sell Embed Financial Technologies, FTX Japan and FTX Europe. About 117 parties have shown interest in buying entities of FTX, according to a legal filing at the start of this year. The exchange's U.S. operation acquired LedgerX in Oct. 2021 and rebranded it as FTX.US Derivatives. The auction had been set for two previous dates before being rescheduled.
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🪙 USDC in circulation fell over 10% since de-peg event
The stablecoin market has seen significant changes over the past few weeks — including the removal of over 7 billion USDC stablecoins from circulation following the depegging event on March 11. Since then, USDC and other stablecoins have been re-pegged, and Circle’s stablecoin is currently trading at $1 on several centralized trading platforms as of March 18. USDC hit a price point of $0.877 per coin during the de-peg alongside six other stablecoins which also lost their dollar peg on the same day. Nonetheless, USDC and the other stablecoins have since reattained parity with the dollar — with Circle’s stablecoin trading at $1 on several centralized trading platforms since March 17. On March 6, roughly 43.89 billion USDC was in circulation. On March 17, 7.08 billion USDC was redeemed — falling by 10.2% over 30 days, according to on-chain data by CoinGecko. Over the last 11 days, 439 million BUSD has been redeemed. During that time, the amount of BUSD in circulation decreased to 8.2 billion from 8.6 billion.
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🪙 MakerDAO Passes First Vote on Proposal to Increase US Treasury Investments to $1.25 Billion
MakerDAO, a decentralized autonomous organization that issues the DAI stablecoin, has voted in favor of allocating more funds to its current US Treasury investments. The increase in investments in government treasury bonds aims to diversify DAI’s stablecoin liquid backing through exposure to real-world assets (RWAs). The first stage of MakerDAO’s expanded foray into investing in RWAs. The governance poll, which started on March 13, was active for three days and ended on Thursday, March 16, 2023. Based on the results, the majority of the votes were in favor of the proposal to raise the debt ceiling by $750 million. The debt ceiling in MakerDAO refers to the maximum DAI that can be minted against the collateral in the vault. The current for this vault is $500 million. MakerDAO began its RWA investment strategy last year with a $500 million allocation to U.S. Treasurys. This marked a departure from the protocol’s crypto-native lending strategy since inception. A financial statement from earlier in the year.
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📣 Crypto Wallet Prototype Discovered Inside Microsoft Edge Browser
Microsoft may not be the first name to come to mind when it comes to blockchain. Still, the company has experimented with the technology for many years. According to screenshots shared on Twitter by Albacore, a pseudonymous software researcher from central Europe, Microsoft has added code that would integrate a non-custodial crypto wallet. The screenshots Albacore shared depict a user interface for a cryptocurrency wallet, a decentralized application explorer, a news feed, and the ability to buy cryptocurrency through Coinbase and MoonPay. The enhancement is "already baked in" to recent releases of the Microsoft Edge browser, but is hidden and not accessible to users. Albacore cautions that Microsoft builds and tests a lot of things that never see the light of day. Edge team are kings of throwing every imaginable thing at the wall and seeing if it sticks," the researcher said. "The list of obsolete gimmick features that they tried and eventually removed is quite long.
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📣 The 30th Project On Launchpad: Binance Launches Space ID (ID) Token Sale
Binance Launchpad is set to launch its 30th project, Space ID (ID), on March 22nd, 2023. This project will follow the standard Launchpad subscription format, with user BNB balances being recorded for five days starting from March 17th, 2023, until March 22nd, 2023. During this five-day period, user BNB balances will be calculated in hourly snapshots, with the final BNB holding amount. The launchpad hard cap for Space ID is set at 2,500,000 USD, with a hard cap of 15,000 USD (600,000 ID) per user. The total token supply for Space ID is 2,000,000,000 ID, with 100,000,000 ID (5% of the total token supply) allocated to Binance Launchpad. The public sale token price for Space ID is 1 ID = 0.025 USD, with the price in BNB being determined prior to subscription. The subscription format is supported by BNB only, and users must commit their BNB during the three-hour subscription period on March 22nd, 2023. Overall, Space ID (ID) is a promising project with a limited token supply and a reasonable hard cap.
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🥇 $150M in Liquidations as Bitcoin Soars to New 9-Month High Close to $27K
Over 44,000 traders were liquidated in the past 24 hours, according to data from CoinGlass. Bitcoin initiated yet another leg up in the past hour or so, resulting in a new multi-month high at almost $27,000. Most altcoins have also followed along upwards, resulting in over $150 million liquidated on a daily scale. Ever since the banking crisis worsened last week and expanded to Europe during this one. Despite the retracements in the next few days, BTC resumed its run late last night and today. After reclaiming $26,000 earlier today, the cryptocurrency kept climbing and came inches away from tapping $27,000 for the first time since June 2022. With most altcoins being well in the green, it’s no surprise that the number of liquidated trades has increased to well over 44,000, and the majority were engaged in short positions. The total value of liquidated positions is worth more than $150 million on a daily scale. The latest price jumps came after news from the US Federal Reserve informing that Silicon Valley Bank.
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