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Bitcoin Magazine: Trump Explores Bitcoin to Address U.S. National Debt
David Bailey, CEO of Bitcoin Magazine and a cryptocurrency advisor for the Trump campaign, has revealed that Trump inquired about leveraging Bitcoin to solve the U.S. national debt issue.
The Bitcoin Magazine team is currently advising Trump on formulating a Bitcoin-friendly and cryptocurrency-friendly policy.
https://x.com/kyle_chasse/status/1795411125359587413
Russian Firms Turn to Crypto for China Commodities Trade
Russian commodities firms struggling to execute financial transactions with Chinese counterparts have started tapping a new method for settling deals — stablecoins.
At least two top metals producers, both of which are unsanctioned, have begun to use Tether Holdings Ltd.’s stablecoin and some other cryptocurrencies to settle some of their cross-border transactions with mostly Chinese clients and suppliers, top executives at the companies said, declining to be identified as the information isn’t public. In some cases, the settlements go through Hong Kong.
https://www.bloomberg.com/news/articles/2024-05-28/russian-firms-turn-to-crypto-for-commodities-trade-with-china
107,547 BTC (~$7.2bn) was transferred from MtGox wallets to an unknown address.
https://platform.arkhamintelligence.com/explorer/entity/mt-gox
https://www.blockchain.com/en/explorer/addresses/btc/1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6
Robert Kiyosaki: “BIGGEST LIE financial planners tell gullible, mom and pop investors: The lie is: “Bonds are safe.” Millions of even so-called “sophisticated” investors will take losses when so-called AAA bonds crash when commercial real estate crashes. The once glamorous office real estate market cannot make loan payments which will take down so-called “sophisticated “ investors when AAA bonds crash. As they say in Hawaii: “Aloha.” Best get into safer real assets such as gold, silver, and. Bitcoin before their prices explode. Aloha.”
https://x.com/theRealKiyosaki/status/1794753029905793068
Taiko protocol has been deployed on Ethereum mainnet.
The token will be launched in a few weeks.
https://x.com/taikoxyz/status/1795078728768483464
Arkham: Donald Trump has more than $10 million on his balance sheet
https://platform.arkhamintelligence.com/explorer/entity/donald-trump
💧Top Ethereum L2 Gainers Over the Last 7 Days
👉 https://dropstab.com/categories/layer-2
GCR X account was hacked over the weekend, shilling everything from Luna2 and ORDI to celebrity-inspired memecoins.
https://cointelegraph.com/news/wave-crypto-influencers-celebrity-x-accounts-caitlyn-jenner-hacked
Zhu Su: “broke my rule, but this weekend is impt pivot point
cut TAO, cut MKR
bot LDO 2.48
bot BLUR 0.467
sold SOL 165 / bot ETH 3800 (.0434). target under .03
sold BTC 69,200 / bot ETH 3800 (.055). target .07+
think we will get 90 days of eth-led markets”
https://x.com/zhusu/status/1794657739580571814
The third round of Jupiter voting has ended.
deBridge has won with 59% of the vote.
https://x.com/jupiterexchange/status/1794420749362721194
Azuro has upgraded its Polygon and Gnosis Chain subgraphs to the Graph Protocol's Decentralized Network.
https://x.com/azuroprotocol/status/1793984976918106225
Next Friday, May 31, the Uniswap Foundation will initiate the onchain vote to upgrade the Protocol so that its fee mechanism can reward UNI token holders that have staked and delegated their tokens.
https://x.com/uniswapfnd/status/1794096255590617411
Phantom Wallet surpasses Facebook in overall Google Play rankings in the United States.
https://x.com/solanafloor/status/1794039373521887603
Forgotten Playland has released its summer roadmap.
https://x.com/forgotplayland/status/1793989130940199306
SEC wins case against YouTuber Ian Balina for unregistered crypto ICO promo
Crypto YouTuber Ian Balina sold unregistered securities when he bought Sparkster (SPRK) tokens and offered them to United States investors in an investment pool, a Texas federal court judge has ruled.
The SEC said in its lawsuit that between May and July 2018, Balina purchased $5 million worth of SPRK, promoted it across multiple social media platforms and made a Telegram group to form an investment pool for the tokens.
https://cointelegraph.com/news/sec-wins-suit-ian-balina-crypto-ico-promotion
LayerZero sybil wallets with ENS domains “ruslan002, ruslan003, ruslan004” became the subject of memes.
https://x.com/PrimordialAA/status/1795451470336168000
Mark Karpeles (former CEO of Mt.Gox): “As far as I know everything is fine with MtGox. The trustee is moving coins to a different wallet in preparation of the distribution that will likely happen this year, there is no imminent sale of bitcoins happening.”
https://x.com/MagicalTux/status/1795384525503222021
Polyhedra (ZK) staking is launching on June 10th.
https://x.com/polyhedrazk/status/1795243833988690089
Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption.
https://cryptonews.com/news/argentinian-regulators-talk-bitcoin-with-el-salvador-authorities.htm
💧 Top Memecoins Overview
👉 https://dropstab.com/categories/meme
Tether has frozen ~597,959 USDT at address (0x1b4...e87).
https://x.com/MistTrack_io/status/1795011666964361267
LayerZero: Appeals closing in 24 hours
https://x.com/PrimordialAA/status/1794829835996639330
Friend.tech price drops over 20% after co-founder Racer hints at leaving Base.
https://www.theblock.co/post/296790/friend-tech-price-drops-over-20-after-co-founder-racer-hints-at-leaving-base
Donald Trump: “I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry.”
realDonaldTrump/posts/112503319133425856" rel="nofollow">https://truthsocial.com/@realDonaldTrump/posts/112503319133425856
Bloomberg ETF analyst James Seyffart believes that spot Ethereum ETFs could see 20% to 25% of the demand experienced by spot Bitcoin ETFs.
https://cryptoslate.com/spot-eth-etfs-could-see-25-of-the-demand-of-btc-counterpart-bloomberg-analysts/
Ethereum Pectra Targeted For Q1 2025
The inclusion of EVM Object Format (EOF), which is a set of about 11 EIPs that introduce an opt-in container for EVM code, is a key component that is pushing the upgrade timeline to 2025. The upgrade is set to feature PeerDAS, a data availability sampling solution that uses existing peer-to-peer components within Ethereum. Developers also agreed to replace the account abstraction EIP-3074 with a newer proposal, EIP-7702, introduced by Vitalik. EIP-7702, enables EOAs to function as smart contract wallets during a transaction.
https://ethdaily.io/472
LayerZero Sybil bounty submissions are re-opening shortly under a new process on Commonwealth that will require a bond.
Bonds will NOT be returned and will be burned if reports are:
- Taking credit for other people's work
- Fraudulent in any way
- Lacking methodology
- Spam
To submit a report, all bounty hunters must post a bond of 0.5 ETH from a reward address to the following address:
0x074add683db5b42D67e002aF3F8CaaF89dFef715
Timeline
- Saturday, May 25th, 02:00 UTC: Bounty hunters can deposit bonds to the address above.
- Tuesday, May 28th, 00:00 UTC: Bounty hunting reporting will reopen on Commonwealth for 48 hours. A link will be provided then.
- Thursday, May 30th, 00:00 UTC: Bonding and submissions will close.
https://x.com/LayerZero_Labs/status/1794186650223878240
Bybit has announced the upcoming listing of zkSync (ZK).
Listing timeline will be announced soon.
Polyhedra's ticker symbol (ZK) will be changed.
https://announcements.bybit.com/en/article/bybit-to-list-zksync-zk-on-spot-blt5eb88dc6cc2ce41f/
https://announcements.bybit.com/en/article/important-updates-on-polyhedra-network-ticker-symbol-bltfa719234dbb13c49/
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
Swell TGE is expected to occur in the next few weeks.
Swell is increasing the token allocation of Season 1 (The Voyage) from 7% to 8%.
https://x.com/swellnetworkio/status/1793599535983514055