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ICO Drops - ICO News & Alerts

SEC charges NovaTech with operating a pyramid scheme that raised $650 million in crypto

https://www.theblock.co/post/310780/sec-charges-novatech-with-allegedly-operating-a-pyramid-scheme-that-raised-650-million-in-crypto

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ICO Drops - ICO News & Alerts

Several venture capital funds, including Andreessen Horowitz and Union Square Ventures, have received letters from the SEC over their involvement with decentralized crypto exchange operator Uniswap Labs, per multiple sources.

Uniswap Labs has raised over $170 million in VC funding, most recently in late 2022 at nearly a $1.7 billion valuation.

https://www.axios.com/2024/08/12/sec-questions-vcs-uniswap

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ICO Drops - ICO News & Alerts

deBridge has introduced the DBR checker

Checker: https://debridge.foundation/
Website: https://debridge.finance/
X: https://x.com/deBridgeFdn

https://x.com/deBridgeFdn/status/1822969227550298196

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ICO Drops - ICO News & Alerts

According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018.

https://news.bitcoin.com/bitcoin-reserves-on-exchanges-hit-5-year-low-with-5-96b-withdrawn-in-30-days/

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ICO Drops - ICO News & Alerts

BitGo has announced the move of its WBTC business to the world’s first multi-jurisdictional and multi-institutional custody via a partnership and joint-venture with BiT Global.

This upgrade will occur 60 days from today with no disruption or interruptions to the service.

https://x.com/BitGo/status/1821927623494439130

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ICO Drops - ICO News & Alerts

Celsius filed a lawsuit against Tether on Friday in an attempt to claw back Bitcoin worth $2.4 billion that the company says Tether sold improperly at the bottom of the market as the crypto lender began to collapse.

Tether has vowed to defend itself against the lawsuit, which CEO Paolo Ardoino described as “baseless” and “bullying.”

https://www.theblock.co/post/310549/celsius-targets-tether-badger-dao-compound-and-netanyahus-niece-and-nephew-in-lawsuits
https://tether.io/news/tether-will-defend-itself-against-shake-down-litigation-commenced-by-celsius/

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ICO Drops - ICO News & Alerts

Secondary shares of the company are trading at about $1.5 billion, according to Yat Siu, executive chairman and co-founder of Animoca.

That’s almost 75% below Animoca’s valuation in July 2022, when the firm announced that it had raised $75 million at a $5.9 billion valuation.

https://www.dlnews.com/articles/snapshot/yat-siu-says-animoca-trading-lower-on-secondary-markets/

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ICO Drops - ICO News & Alerts

Tether CEO Paolo Ardoino has raised concerns that the European Union’s Markets in Crypto-Assets (MiCA) regulation poses a systemic risk not only to stablecoins but also to the broader banking system.

The MiCA regulation, which took effect on June 30, imposes stringent limitations on stablecoin operations across the European Economic Area. Notably, it mandates that at least 60% of reserves backing stablecoins must be held in EU bank accounts. 

He further pointed out that EU cash deposits are insured for only up to $100,000 — an amount he argues is inadequate for large stablecoin issuers like Tether.

https://cointelegraph.com/news/mica-regulation-systemic-risk-banking-system-tether-ceo

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ICO Drops - ICO News & Alerts

Bounce announces MBA CeDeFi Mining is now live: https://app.mba.loans/

A daily prize pool of 100 AUCTION is rewarded to MBA CeDeFi Mining users.

MBA, a CeDeFi mining protocol, aims to create an efficient trading environment with optimal liquidity and yields.

https://x.com/bounce_finance/status/1821762952921219387

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ICO Drops - ICO News & Alerts

1.3B USDT has been transferred from Tether Treasury to exchanges since the market crash on Aug 5.

https://x.com/CoinGapeMedia/status/1821844262918426881

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ICO Drops - ICO News & Alerts

📈 Top Coins by Price Bounce in the Last 7 Days

💧 Price Bounce and Dip

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ICO Drops - ICO News & Alerts

AUCTION will be available on TON

https://x.com/bounce_finance/status/1820970385585684628

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ICO Drops - ICO News & Alerts

James Seyffart: “We think the Bitcoin ETF options happen in 4th quarter this year. Final deadline for SEC decision is ~Sept. 21 but there's more steps needed after that from OCC & CFTC.

Here are some BTC & ETH related ETFs including leveraged that already have options.”

https://x.com/JSeyff/status/1821627790065799634

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ICO Drops - ICO News & Alerts

MANTRA has announced that over 300M OM tokens have been staked so far by community roughly around 36% of Circulating Supply.

https://x.com/mantra_chain/status/1821540947441635358

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ICO Drops - ICO News & Alerts

MultiversX releases MetaMask Snap

MetaMask Snaps improve portability, enabling the quick derivation of a MultiversX wallet from your existing seed phrase.

https://multiversx.com/blog/multiversx-snap-metamask-wallet
https://x.com/MultiversX/status/1821519984218009848

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ICO Drops - ICO News & Alerts

Delphi Digital cofounder: “I've never been very political, but 7 years of building Delphi with my partners and getting married changes one's view about the world you want to live in.

Trump has positioned himself as pro crypto, AI, and business, promising an unrestricted golden age for America. He is the only shot to maintain dominance and grow out of out $35T debt mountain.

In contrast, Kamala Harris has been associated with the most aggressive anti-crypto platform ever:

- No action taken to address Gensler/SEC's complete lack of crypto clarity and vendetta against crypto. They should also be publicly supporting Hester Peirce as a thought leader for regulation that actually supports builders.

- This is the same SEC that allowed FTX to happen, but sues the companies helping to drive Crypto's dominance in the U.S. like Brian Armstrong and Paul Grewal of Coinbase.

- No steps against Operation Chokepoint 2.0 which debanks Crypto companies from the traditional banking sector. This is still on-going

- Has not meaningfully engaged with the Crypto community and has absolutely zero publicly shared views

- Allowed Biden to veto a bill meant to overturn SAB121 (Banks have to report Crypto as liabilities which means they need tons of reserves and other restrictions), which was against both Democrats and Republicans! I say allow since it’s clear Biden's cognitive decline means he was being handled by others.

- She has taken no steps to meaningfully engage with the community and develop an actual pro Crypto agenda.

- Biden's executive order on Digital Assets produced confusion and did not help foster Crypto or our early stage founders in any meaningful way

- Kamala already has anti-crypto folks in her agenda, including Adeyemo for Treasury Secretary

- Unrelated to Crypto but she covered up Biden's mental decline and was not even elected by the people but chosen to take up the Prez Ticket.

In Comparison, some of Trump's highlights on the matter are:

- He will fire Gensler
- Create a strategic reserve of BTC
- U.S. gov will keep 100% of the BTC it holds
- Commute Ross Ulbricht's sentence
- No CBDC which is a surveillance state to the maximum
- The U.S. will be the Crypto Capital of the planet
- Has NFT collections

Either way Crypto should not be a partisan issue but it has been made this way over the past four years. Crypto should be supported by both parties.

Theres a reason major Democrats have pivoted to the Republican ticket.

Go Vote Trump.”

https://x.com/Shaughnessy119/status/1823014246059520165

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ICO Drops - ICO News & Alerts

The crypto market is growing
BTC Dominance - 55.44%

Market Cap - $2.11T
BTC - $59,243.99 (+1.28%)
ETH - $2,667.88 (+5.04%)
BNB - $517.1 (+1.94%)
SOL - $144.06 (+0.18%)
XRP - $0.5681 (+0.61%)
TON - $6.24 (+1.59%)
ZRO - $3.4 (+4.14%)

https://dropstab.com

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ICO Drops - ICO News & Alerts

💧 Top 10 Gainers in the Last Week

👉 https://dropstab.com/tab/top-gainers

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ICO Drops - ICO News & Alerts

The crypto market is down
BTC Dominance - 55.79%

Market Cap - $2.07T
BTC - $58,533.25 (-4.22%)
ETH - $2,541.8 (-3.61%)
BNB - $506.9 (-4.73%)
SOL - $143.15 (-7.87%)
XRP - $0.5593 (-5.59%)
ZRO - $3.23 (-9.93%)
TON - $6.15 (-8.07%)

https://dropstab.com

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ICO Drops - ICO News & Alerts

Arbitrum DAO proposes to unlock ARB utility and improve the governance and security of the Arbitrum protocol by implementing ARB staking, without yet turning on fee distribution to token holders.

Through ARB staking, token holders who delegate to active governance participants will be able to capture value. The proposal will also implement a liquid staked ARB token (stARB) via the Tally Protocol that enables any future rewards to auto-compound, is (re)stakeable, and is compatible with DeFi.

Separately, it will work with the Arbitrum DAO to decide whether and how to fund rewards and split rewards between token holders and delegates.

https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xb581f3aed701ae889c1d79406acdf3d653e6eb4323cb5e46635f729e6313da4d

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ICO Drops - ICO News & Alerts

The crypto market is growing
BTC Dominance - 55.83%

Market Cap - $2.16T
BTC - $61,095.99 (+1.32%)
ETH - $2,644.1 (+1.92%)
BNB - $530.2 (+4.29%)
SOL - $155.71 (+1.29%)
XRP - $0.5887 (-0.03%)
ZRO - $3.72 (+7.36%)
TON - $6.68 (-0.13%)

https://dropstab.com

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ICO Drops - ICO News & Alerts

Spot ETF Flow on 9.08: BTC-ETF -$89.7M, ETH-ETF -$15.7M

https://sosovalue.com/assets/etf/us-btc-spot

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ICO Drops - ICO News & Alerts

The US Securities and Exchange Commission has subpoenaed at least three crypto venture capital firms this year, according to a source familiar with the SEC’s investigation.

https://www.dlnews.com/articles/regulation/sec-subpoenas-three-crypto-vcs-as-crypto-crackdown-grows/

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ICO Drops - ICO News & Alerts

The crypto market is down
BTC Dominance - 55.94%

Market Cap - $2.13T
BTC - $60,327.82 (-0.71%)
ETH - $2,598.39 (-2.33%)
BNB - $508.5 (-0.19%)
SOL - $153.6 (-1.9%)
XRP - $0.5883 (-1.94%)
ZRO - $3.47 (-0.26%)
TON - $6.7 (+6.61%)

https://dropstab.com

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ICO Drops - ICO News & Alerts

💧Current state of the market in our weekly overview

dropstab | icodrops | twitter | telegram

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ICO Drops - ICO News & Alerts

OKX CEO stated that any time accounts interact with Tornado Cash and Garantex, such accounts will be blocked

https://x.com/star_okx/status/1821719031415808008

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ICO Drops - ICO News & Alerts

Coinbase has added ZetaChain (ZETA) and Across Protocol (ACX) to its roadmap.

https://x.com/CoinbaseAssets/status/1821671896179454439
https://x.com/coinbaseassets/status/1821660171254268064

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ICO Drops - ICO News & Alerts

The crypto market is growing
BTC Dominance - 55.94%

Market Cap - $2.16T
BTC - $61,459.86 (+7.5%)
ETH - $2,689.8 (+10.25%)
BNB - $515.2 (+5.86%)
SOL - $159.7 (+3.66%)
XRP - $0.6156 (+0.23%)
ZRO - $3.57 (+13.53%)
TON - $6.18 (+9.95%)

https://dropstab.com

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ICO Drops - ICO News & Alerts

Franklin Templeton has collaborated with the Arbitrum Foundation to launch its OnChain U.S. Government Money Fund (FOBXX) on the Ethereum Layer 2 network.

FOBXX is represented by the BENJI token, with the fund previously launched on Stellar and Polygon.

https://www.theblock.co/post/309989/franklin-templeton-fobxx-benji-arbitrum

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ICO Drops - ICO News & Alerts

💧 Recent Funding Rounds Backed by Top Tier Angels

👉 https://dropstab.com/investors

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