Crypto exchange OKX receives in-principle approval for Singapore payments licence.
https://www.reuters.com/technology/crypto-exchange-okx-receives-in-principle-approval-singapore-payments-licence-2024-03-13/
The founder of a cryptocurrency mixing service known as Bitcoin Fog Roman Sterlingov was convicted in Washington federal court of helping to launder tens of millions of dollars from darknet markets known for selling illegal drugs.
He provided a service that jumbled digital tokens to make it more difficult to find the source of proceeds from illegal activities.
Prosecutors said Bitcoin Fog processed more than $400 million in untraceable transactions, including $78 million involving known darknet markets.
https://www.bloomberg.com/news/articles/2024-03-12/crypto-mixer-convicted-of-money-laundering-on-bitcoin-fog
The US has ordered former Binance CEO Changpeng Zhao to surrender all of his passports, active or expired, to a third party and keep authorities updated on his travels.
https://protos.com/former-ceo-of-binance-ordered-to-hand-over-passports-to-us/
Binance has announced the 49th project on Binance Launchpool - ether.fi (ETHFI).
Users will be able to stake their BNB and FDUSD into separate pools to farm ETHFI tokens over four days, with farming starting from 2024-03-14 00:00 UTC.
Binance will then list ETHFI at 2024-03-18 12:00 (UTC) and open trading with ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD and ETHFI/TRY trading pairs.
https://www.binance.com/en/support/announcement/introducing-ether-fi-ethfi-on-binance-launchpool-farm-ethfi-by-staking-bnb-and-fdusd-043436c6551d4f67bf1565a253039b39
The TON price has increased by more than 25% in 24 hours.
https://dropstab.com/coins/the-open-network
Ethena Labs' USDe supply has surpassed $900m.
The campaign will end when the supply reaches $1bn or on 1 April.
Those reductions only effect:
▫️Curve LP positions reduction of shard multiplier from 20x to 15x.
▫️Reduced shard multiplier for holding USDe outside of an eligible pool from 5x to 2x.
▫️No other pools are impacted.
These reductions equate to an approximate 1bn per day decrease in shards issued, or ~12% less shards per day.
https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/Wy_n1gKYHNwckLW5TcXb5-vtLoUOdpCaxM45t3TgC90
Nyan Heroes (NYAN) airdrop campaign is live.
https://twitter.com/nyanheroes/status/1767212346387415086
NFT prices in ETH continue to fall.
In 24 hours BAYC fell by 10%, MAYC by 11%, DeGods by 8%, Azuki by 6%, etc.
https://blur.io/collections
Memeland has introduced Stakeland, the social staking protocol.
Stakeland is a community-first Social Staking Protocol built by the team behind Memecoin, Memeland, and 9GAG.
It is a platform that allows users to stake their crypto assets, such as MEME or other coins, to earn new tokens from promising new projects.
How does Stakeland work?
▫️Users stake MEME and other crypto assets to get Steaks
▫️Steaks are "burnt" for new tokens launched on Stakeland
▫️Users participate in simple and fun quests to learn more about the new projects
▫️New projects get a community of engaged and informed holders (not bots) as their early supporters
▫️New projects can avoid the low-quality and mercenary-like farmers who actually don't care about what they are building
▫️New projects can reach ~1 million on-chain holders at the lowest cost and effort possible
https://twitter.com/Memeland/status/1767282844928450954
Bernstein analysts said that they were now more convinced about bitcoin (BTC) hitting $150,000 by mid-2025 after the largest digital asset rallied to reach a new all-time high this year.
The broker said investors should buy bitcoin mining stocks to gain exposure to the coming rally.
https://www.coindesk.com/business/2024/03/11/bernstein-is-now-more-convinced-that-bitcoin-will-hit-150k-after-massive-rally/
Chairman and CEO of JPMorgan Chase Jamie Dimon: “I won’t personally ever buy a bitcoin.”
https://www.cnbc.com/2024/03/11/jpmorgans-dimon-says-he-sees-a-little-bit-of-a-bubble-in-equity-markets-right-now.html
VanEck is waiving all trading fees for its Bitcoin ETF until March 31, 2025 or until the Trust’s assets exceed $1.5 billion.
https://twitter.com/vaneck_us/status/1767227350108794991
The daily number of new addresses on the Solana blockchain has reached an all-time high, according to The Block’s Data Dashboard.
The daily count of new addresses on the Solana network, based on a seven-day moving average, now stands at over 691,000.
https://www.theblock.co/post/281733/solana-registers-all-time-high-in-daily-new-addresses
KuCoin will list zkLend (ZEND).
Trading: 10:00 on March 14, 2024 UTC.
zkLend is permissionless money-market protocol natively powered by Starknet.
zkLend has announced the ZEND airdrop SZN 1.
For ZEND Airdrop SZN 1, zkLend is distributing 3,890,250 ZEND tokens (approx. 4% of its total supply) to 42,695 of its early supporters.
Claims will open on March 14, 2024, at a time to be updated. 25% of the airdrop claims will be unlocked immediately on March 14, with the remainder to be linearly vested over the course of 90 days, ending on June 12, 2024.
https://x.com/zklend/status/1767127071883485194
https://x.com/zklend/status/1767192251594137760
The SEC is ordering (in all caps) First Trust SkyBridge Bitcoin ETF to declare their filing "abandoned".
https://twitter.com/EricBalchunas/status/1767631389988372499
U.S-based asset management firm Patient Capital files to invest up to 15% of its net assets in Bitcoin ETFs.
The company’s filing indicates that it may invest up to 15% of the total assets held by the Patient Capital Management Opportunity Trust fund.
The fund holds around $1.38 billion in assets, with a 15% allocation to BTC meaning it could pour in as much as $207 million into Bitcoin.
https://coinfomania.com/this-1-4b-fund-just-filed-to-allocate-up-to-15-to-bitcoin-etfs/
Grammy-award-winning musician Drake posted a clip of Michael Saylor speaking about bitcoin on his Instagram account, reaching over 146 million followers.
https://www.coindesk.com/business/2024/03/12/rapper-drake-posts-michael-saylors-bitcoin-video-to-his-146m-instagram-followers/
Binance’s Tigran Gambaryan and Nadeem Anjarwalla have been held against their will for the past two weeks by Nigerian authorities.
Nigeria’s government and Binance have been involved in a dispute about some $26 billion of untraceable funds.
https://www.coindesk.com/policy/2024/03/12/nigeria-invited-then-detained-binances-compliance-head-and-africa-manager-for-two-weeks-reports/
OKX has introduced ZK (Polyhedra Network) on OKX Jumpstart.
The OKX Jumpstart Mining will commence at 6:00 UTC on Mar 15, 2024.
BTC and ETH holders can stake both BTC and ETH to mine ZK tokens in return.
https://www.okx.com/help/introducing-zk-polyhedra-network-on-okx-jumpstart
Nibiru (NIBI) trading has started on KuCoin, MEXC, Gate and Bybit.
NIBI is now trading at $0.49 (~10х from the sale price on CoinList: $0.05).
FDV: ~$770M
https://www.gate.io/trade/NIBI_USDT
Crypto Market Daily Review ☀️
The market is growing. Market cap is $2.73T. Bitcoin is trading at $71.6K
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Monad Labs in talks to raise more than $200 million round led by Paradigm, valuing the Jump Crypto–linked startup at $3 billion.
https://fortune.com/crypto/2024/03/11/monad-paradigm-venture-capital-crypto-jump-bitcoin/
MetaMask is testing a Mastercard payment card, which it says is the first entirely on-chain card.
Issued by Baanx, the card will let users spend crypto "on everyday purchases, everywhere cards are accepted," according to marketing materials CoinDesk reviewed.
https://www.coindesk.com/business/2024/03/11/with-mastercard-metamask-tests-first-blockchain-powered-payment-card/
Coinbase asks appeals court to direct SEC to begin writing rules for crypto.
The Securities and Exchange Commission violated the Administrative Procedures Act by not engaging in rulemaking and for not providing a detailed reason why it denied Coinbase’s rulemaking petition, the exchange argued.
https://www.theblock.co/post/281815/coinbase-asks-appeals-court-to-direct-sec-to-begin-writing-rules-for-crypto
Wormhole has released Airdrop Details.
Snapshot Taken: February 6, 2024, 23:59 UTC
Total Qualified Wallets: 400,000+
Total Airdrop Supply: 678,823,000 W, representing 6.78% of the total supply.
Distribution Breakdown:
▫️Onchain Users: Approximately 81% of the airdrop supply (roughly 549 million W).
▫️Community Groups: Approximately 19% of the airdrop supply (roughly 129 million W).
https://wormhole.com/from-eligibility-to-sybil-detection-a-deep-dive-into-wormholes-multichain-airdrop/
L2 gas costs after Ethereum Dencun upgrade
https://app.intotheblock.com/perspectives/dencun_upgrade
Investment firm BlackRock hired former GSR research analyst Matt Kunke as a director and product strategist focused on iShares digital assets ETFs.
At GSR, Kunke predicted in January that Ethereum ETFs had a 75% chance of approval by May.
https://www.theblock.co/post/281687/blackrock-hires-gsr-research-analyst-who-predicted-75-chance-of-spot-ether-etf-approval-by-may
Layer 2 developer Eclipse Labs has raised a $50 million Series A funding round co-led by Placeholder and Hack VC, bringing the total capital raised to $65 million.
The funding round saw participation from other investors including Polychain Capital, Delphi Digital, Maven 11, DBA, and Fenbushi Capital. Additional strategic contributions came from Flow Traders, GSR, Apollo Global Management, and OKX Ventures. The firm did not disclose its latest valuation.
This freshly raised capital will be used by the project to develop an Ethereum Layer-2 solution using the Solana Virtual Machine (SVM).
https://www.theblock.co/post/281566/eclipse-labs-raises-50-million-in-series-a-funding-ahead-of-expected-q2-mainnet
The Starknet Foundation has announced the formation of its Gaming Committee.
Comprised of six experts, the Committee's mandate is to promote the growth of gaming on Starknet.
50M STRK ($123M) has been allocated for the initiative.
https://www.starknet.io/en/content/gaming-committee-launch-advancing-starknets-gaming-ecosystem