After the recent rise of the Pepe (PEPE) meme coin, Bitcoin's BRC-20 token standard has become the latest fad in the crypto ecosystem. The BRC-20 standard has been used to create 8,500 tokens, most of which are meme coins such as PEPE and Memetic (MEME). With all this hype in the crypto industry, let’s explore more about what are these BRC20 tokens and how you can mint them. 

What are BRC20 tokens? 

The BRC-20 "token standard" is a test fungible token developed with Ordinals and Inscriptions and saved on the Bitcoin base chain. It deploys token contracts, mints tokens, and transfers tokens using Ordinal inscriptions of JSON data.

This is not a token standard in the sense that EVM chains create smart contracts that manage the token standard and its various rules, but rather a method of storing a script file in Bitcoin and using that file to attribute tokens to satoshis and then allowing them to move from one user to another. 

On March 8th, 2023, Twitter user @domodata developed the BRC-20 token. The name is a play on Ethereum's ERC-20 token standard, however, they do not interact with smart contracts like the EVM standard from which it derives its name.  

There are numerous methods for creating tokens on other chains, each of which has its own market and exchange with liquidity where they can be exchanged. The token market is a breeding ground for speculation and scams, and hearing this ERC-20 word may attract these consumers, who may then relocate to Bitcoin. 

While this may increase demand for Bitcoin to pay fees and take up block space, it may also entice naive investors to purchase meaningless metadata that only a few wallets manage to transform into something worth displaying in a human-readable manner. 

After understanding a brief of the BRC-20 tokens, let’s understand why they are hyped. 

Why are BRC-20 tokens so hyped? 

The original BRC-20 token contract for the "ordi" token has a hard cap of 1,000 tokens each mint and a total maximum supply of 21 million tokens. Since then, the market value of BRC-20 tokens has risen over the previous month, reaching an astounding $120 million, signifying a 600% increase in the last week alone. On May 1, BRC-20 tokens had a volume of 366,000 transactions, while the total number of transactions on the network was 2.36 million. As the demand for BRC-20 tokens continues to climb, so are transaction costs as a result of the increased token activity. With the increased hype of the BRC-20 tokens, the BTC chain is congested. 

Now that you know why BRC-20 tokens have been hyped, let’s explore how you can mint BRC20 tokens. 

How to mint BRC20 tokens? 

Bitcoin Tokens (BRC-20) are blockchain-based digital assets that are frequently used for decentralized finance, gaming, and digital collectibles. Unisat.io is a platform that enables users to easily generate, manage, and trade these tokens. We will lead you through the process of minting Bitcoin Tokens (BRC20) on Unisat.io in this comprehensive guide. 

Step 1: Create a Wallet 

You must first create a suitable wallet before you can begin minting tokens. Unisat is a well-known web-based wallet that accepts custom BRC20 tokens. 

Step 2: Integrate BRC20 Support into Your Wallet 

After you've created your wallet, you'll need to add BRC20 token support. Take the following steps: 

Choose the option to add custom tokens or assets to your wallet. 

Add the BRC20 token standard's contract address. You can find it on the Unisat.io website or in the token's documentation. 

Input the token's symbol and decimals that can be found in the documentation. 

Step 3: Get Some Bitcoin (BTC) 

You will need both Bitcoin (BTC) to mint BRC-20 tokens. Here's how to get them: 

Buy Bitcoin from any reputed exchange like Binance, Coinbbase, Kucoin, etc.

Buy Bitcoin from P2P

Borrow some BTC from your friend (Need really good friends for this)

Step 4: Add Bitcoin to Your Wallet 

Now that you have the necessary cryptocurrency, deposit them into your wallet by completing these steps: 

Find your Bitcoin Taproot (BTC) addresses in your wallet. Make sure it is a Taproot address.

Navigate to the withdrawal area on the exchange and enter your wallet addresses. 

Confirm the transaction and wait for the funds to appear in your wallet. 

Step 5: Register Your Wallet with Unisat.io 

Follow these steps to connect your wallet to Unisat.io: 

Visit the website Unisat.io. 

Select the "Connect Wallet" option. 

Select your wallet from the list of available alternatives and follow the on-screen instructions to connect. 

Step 6: Mint Tokens 

Now that your wallet is connected, you may begin minting BRC20 tokens. Take the following steps: 

Navigate to the "Mint Tokens" area of Unisat.io. 

Enter the desired token information, such as the name, symbol, and total supply. 

Choose the functionality of the token, such as whether it should be transferable or have a fixed supply. 

Click "Mint Tokens" to validate the transaction in your wallet. 

Step 7: Organise and Trade Your BRC-20 Tokens 

Manage and trade tokens on Unisat.io using the following steps: 

Go to Unisat.io's "My Tokens" area. 

View and control your tokens, such as changing the supply of the token or adding new functionality. 

To trade your tokens, go to the "Marketplace" section and make a new trading pair with the cryptocurrency of your choice. You need 20 UniSat points to trade on Marketplace. Please note that for each use of UniSat Inscribe to create an inscription (including TRANSFER minting in UniSat Wallet), the UniSat Points of your connected address will be incremented by one.

Set the price as well as other trading characteristics such as order type and quantity. 

Step 8: Market Your BRC-20 Tokens 

Consider advertising your BRC-20 tokens using the following avenues to boost their value and awareness: 

Social networking sites: To reach a larger audience, share your token's information and updates on platforms including Twitter, Facebook, and Reddit. 

To attract potential investors and users, participate in conversations on major cryptocurrency forums such as Bitcointalk and CryptoCompare. 

Press Statements: To announce noteworthy milestones or partnerships, publish press releases on recognized Bitcoin news sources. 

Step 9: Incorporate Your BRC-20 Tokens into Decentralised Applications (dApps). 

Consider incorporating your BRC-20 tokens into blockchain-based decentralized applications (dApps) to boost their usage and value: 

Finance Decentralised (DeFi): Allow your tokens to be used as collateral, staked for rewards, lent, and borrowed on DeFi platforms such as Uniswap, Aave, and Compound. 

Non-fungible Tokens (NFTs): Use your BRC-20 tokens as the underlying value to create digital collectibles, virtual goods, or in-game assets. 

DAOs: Use your tokens to enable governance and voting within decentralized organizations or communities. 

Step 10: Tracking the Performance of Your BRC-20 Tokens 

Consider using the following tools and resources to monitor the success of your BRC-20 tokens and make educated decisions: 

https://brc-20.io: Monitor the market value, trading volume, and market cap of your tokens on prominent cryptocurrency data aggregators on BRC-20. 

Ordspace.org: Examine your token's on-chain activity, such as transactions, holders, and token transfers. 

Dune Analytics: Create custom dashboards to visualize and analyze your token's statistics and trends. 

Bottom Line

Minting BRC-20 tokens on Unisat.io is a simple operation that can provide your digital assets with multiple potentials. You can easily create, manage, and trade BRC-20 tokens by following this step-by-step guide. To maximize their potential and worth, remember to market your tokens, incorporate them into dApps, and track their success. 

The Sui Crypto token project team officially responded to dismiss all kinds of allegations & misinformation around Sui token.
Recently we reported that Cyber Capital founder Justin Bons raised multiple questions regarding Sui token e.g. 83% staked Sui token ownership, token economics, supply, etc. 
On 5 May 2024, The Sui crypto team officially responded and said that people are spreading misleading information about the Sui token project. 
On the locked Sui tokens, the Sui crypto team said that they’re locked by third-party custodians, so can’t be unlocked without a token emissions schedule.
Mysten Labs founders don’t have control over the Sui Foundation’s treasury money, the community’s savings, rewards for holding tokens, or tokens given to investors. Also, there’s no secret about who owns the tokens. All the tokens that will be given out have already been planned for and set aside.
Furthermore, the Sui team clarified that the Sui Foundation doesn’t use staking rewards for any personal benefits, instead, they distribute the funds to the community.
The Sui team suggested people use an official source to get information about the Sui token supply, & unlock schedule. 
Sui token price 
The current trade price of the Sui token is $1.101 & this trade price is 10% down over the last 7 days, while 31% down over the last 4 weeks. 

In the last couple of weeks, many retail sui token investors alleged that a significant dump in the trade price of Sui tokens was proof of price manipulation.
Some people said that VCs behind this crypto project sold huge amounts of Sui tokens against retail investors.
It is worth it to note that the trade price of the Sui token crashed in those days when all the other crypto assets either showed better price increment or better stability. Such types of factors are enough to show the level of price manipulation & money power abuse.

The bull sentiments around Bitcoin surged rapidly in the last 24 hours, despite bearish sentiments in the risky money markets. 
The current trade price of Bitcoin (BTC), the top crypto asset by market cap, is $65,143 & this price is 2.25% higher over the last 24 hours.
In the last 7 days, the trade price of Bitcoin surged nearly 5%, despite the bearish sentiments in all money markets. 
In this phase of the Bitcoin market, we can say that Bitcoin is now out of the post-bitcoin halving fear levels and now there are huge chances that the trade price of Bitcoin will surge in step-by-step phases every month for the next 12 months. 
In the last few days, ETF experts noted that the net investment inflow in the majority of Bitcoin spot ETF products surged significantly.
In particular, yesterday, Grayscale Bitcoin spot ETF saw a $63 million inflow. 
Research by Crypto.com showed that all the US Spot Bitcoin    ETFs products saw a total net inflow of $11.57B and a daily net inflow of $378M on 3 May.
Today Bitcoin completed a total of one billion transactions & it took nearly 15 years for the Bitcoin network. Over its 15-year lifespan, the network has averaged 178,475 transactions processed daily. 
Popular Bitcoin proponent & former CEO of Bitcoin bull company Microstrategy Michael Saylor also shared his happiness on this achievement of Bitcoin blockchain.
Some experts noted that the rate of Bitcoin transactions surged rapidly over the last 12 months because of the inception of the BRC-20 token standard, which attracted people to mint their tokens & NFTs on the Bitcoin network indirectly.

New South Korean donation laws blocked crypto despite the country’s significant inclination toward cryptocurrencies. 
In South Korea, the cryptocurrency market is sizable, yet stringent regulations have enabled domestic companies to uphold their dominance over foreign counterparts. Over the past few years, only a few crypto firms have been permitted to offer crypto-to-fiat services within the country.
On 5 May 2024, South Korea’s  Ministry of Public Administration revised the “Donations Act,”. Under the revised rules & laws, the use of cryptocurrencies for donation to charity purposes will not be allowed.
This Act was initially designed in 2007 & at that time people were not widely using smartphones. So the revised donation act was focussed on the digital world. 
It is sad to see that they added store gift vouchers, stocks, and loyalty points from tech giants as an option to be donated to charities, but not crypto.
It is worth it to note that more than 10% of the Korean population invests in cryptocurrencies and also the ruling government is crypto-friendly but still, the Ministry didn’t provide reasoning for excluding digital asset donations.
Now it will be interesting to see the response action by the crypto advocates of this country, against this crypto hate decision. 
According to a report by TheGivingBlock, as of January 2024, people around the world have donated over $2 billion using cryptocurrency.
Notably more than 50% of charities in the US started accepting Bitcoin & crypto payments, showing a high degree of inclination toward the crypto sector despite unclear regulatory rules & laws in their jurisdiction.
To get crypto public support during the elections in April, the country’s democratic party promised to ease access to US Bitcoin spot ETF products in the country.

David Schwartz talked about Ripple’s US dollar-pegged stablecoin plan in a recent conference. 
Ripple is a San Francisco headquartered blockchain firm, which is mainly known for its efficient cross-border payment services. Since Dec 2020, this blockchain firm has been under legal hurdles with the United States Securities and Exchange Commission (SEC) over its financial activities in link with XRPL (XRP) Cryptocurrency. 
In the recent XRP Las Vegas conference on May 3-4, where the Ripple chief technology officer (CTO)  David Schwartz revealed the firm’s upcoming integrations. He shared information on XRP Ledger, including automated market makers (AMM), lending protocol, Ripple stablecoin and Artificial intelligence (AI). 
Schwartz stated that they’ll reveal more information about Ripple’s stablecoin in the next month at the XRPL Apex event in Amsterdam.
A month ago, Ripple announced its stablecoin project. At the time, Ripple firm stated that stablecoin adoption will keep surging in the future & it will hit $2.8 trillion by 2028, despite huge competition among the existing players in the market.
Ripple vs SEC 
In the legal battle against the US SEC, Ripple firm is already standing on the winning side and it is expected that the case will be resolved in the next few months. 
In mid-2023, a court judge ruled that the XRP token was never a security token, this ruling was just like a partial win for Ripple because the SEC body’s lawsuit against Ripple was mainly revolving around the security nature of the XRP token.
In the present time, Ripple is more confident with its Crypto business operations and probably this is a reason why this company is stepping into the stablecoin business, despite unclear regulatory rules for this innovative sector in the US jurisdiction.

Crypto analyst says the bottom of the ADA coin is still far and current metrics are not showing bull patterns. 
Cardano (ADA) is a popular Proof-of-Stake (PoS) blockchain network. This crypto blockchain was founded by Charles Hoskinson. The blockchain developer team behind this crypto project always remains engaged in innovative development works. 
On 5 April 2024, A Crypto YouTube channel “More Crypto Online” reported that the ADA coin is still very far from the bottom. 
YouTube crypto channel anchor said that Elliot Wave confirmed this bearish signal around the ADA coin.
“We have seen only a 3-wave corrective rally. These are typically not bullish and ADA might break down or move sideway,” Anchor explained.
Furthermore, the anchor explained that if the ADA coin falls below the $0.48 level then it means that any hope for a price rise is no longer valid. In short, a downfall below the $0.48 level could lead to a significant downward movement, & in that situation, the trade price may plunge to $0.42.
The current trade price of ADA coin is $0.46 & this trade price is 25% down over the last 5 months period. 
Cardano to partner with Bitcoin Cash (BCH) 
Just a couple of days ago, Cardano founder Charles Hoskinson proposed his idea to integrate Cardano with the Bitcoin Cash (BCH) blockchain network. 
So far he got 68% support from the Cardano community, which means there are still 32% of people who are not happy with this hypothetical plan.
Some crypto X (Twitter) users said that it’s really a great proposal by the Cardano team and if it will happen for true then surely it will bring some bull sentiment around ADA coin. 

Many financial experts raised a very big question about the mentality of the Chair of the Council of Economic Advisers. 
After the COVID-19 pandemic, the majority of the countries struggled badly to maintain their economic growth, as a huge number of companies suspended their global trade for several months. Following the pandemic, bad economic policies badly impacted the inflation rate of the majority of countries, including the United States of America (USA). 
Recently a documentary “Finding the Money” was released, in which Jared Bernstein, Chair of the Council of Economic Advisers and a key advisor to President Biden on economic policy passed several controversial statements. 
In particular, Jared said that the US government can’t face bankruptcy because they can print their own money. 
This latest statement by the Biden Administration’s economic policy advisor acted as a catalyst to boost the discussions around Bitcoin amid this era of unprecedented government spending and debt.
A crypto enthusiast said that the Chair of the Council of Economic Advisers probably has no idea what he said. 
A few crypto X (Twitter) users noted that Jared struggled to articulate his understanding of the economy. 
Such types of statements on the economy are surely going to inject a huge level of bullish sentiment among the Bitcoin investors, as Bitcoin supply is limited to 21 million & its value is defined by the market value, not by any government power.
The current trade price of Bitcoin (BTC) is $63,260 & this trade price is 6.5% higher over the last 24 hours.

Justin Bons appreciated the Sui crypto design but raised two big concerns about the Sui token circulation model.
The Sui crypto token is essential for transactions and rewards within the Sui ecosystem. It facilitates secure transactions, incentivizes users, and can be traded on crypto exchanges for liquidity and potential profit.
On 2 May 2024, Cyber Capital founder Justin Bons shared his opinion on the Sui crypto token and said that Sui has a great design but its token economics is not very transparent. 
According to Bons, Sui tokens have a capped supply of 10 billion and currently 8 billion suit tokens are in staking, which is under founding team control. 
Furthermore, Bons added that the founders control most of the supply without any lock-in period and legal guarantees. Sui has so far refused to disclose information about the majority of its token supply.
Some crypto traders noted that the Sui token staking reward is enough for stakers, including founders, this is creating a very big sell pressure on the Sui token market, as they’re selling $5 million worth of Sui tokens every week.
The current trade price of Sui token is $1.09 & this price is 35% down over the last 30 days. 
In May, $1,000,000,000 worth of 800 million sui tokens will be unlocked by the Suit crypto team. With this big amount of token unlock, they will increase the circulation supply by 8% which is itself a very big figure for any crypto token in this innovative sector.
Some crypto X (Twitter) users alleged that the Sui token is an example of VC’s abuse of money power because they’re going to gain 50% profit because they are going to dump tokens against retail investors.

Three ex-executives of the bankrupt cryptocurrency lender CRED face charges for allegedly committing wire fraud and money laundering.
Cred was a popular cryptocurrency lending platform, which was providing borrowing and lending services within the digital asset space. However, it faced financial difficulties and ultimately filed for bankruptcy on 7 Nov 2020. 
On 3 May 2024, The United States Attorney’s Office for the Northern District of California released an official statement on the charges against three former Cred executives.
Daniel Schatt, the former CEO, and Joseph Podulka, the former chief financial officer, are facing 13 charges related to wire fraud and money laundering. Additionally, James Alexander, the former chief commercial officer, is charged with four counts. 
Investigation showed that these charged people were involved in a deceptive scheme defrauding potential victims of hundreds of millions of dollars of cryptocurrency at market value.
Alongside these allegations, Cred’s former executives also misled customers about Cred’s lending and investment practices. 
Schatt and Podulka went to court for the first time on May 2. They have to go back on May 8 to give their plea. Alexander’s first court date hasn’t been decided yet.
Notably the majority of the crypto lending companies, as well as crypto exchanges, collapsed badly in 2022. In 2023, another crypto-lending platform Genesis filed for bankruptcy. Its leaders handled the situation with other partners by liquidating $2.1 billion worth of Grayscale Bitcoin Trust shares. 
The bankruptcy of multiple crypto companies in 2022 was interconnected with the collapsed FTX exchange & Terra crypto token downfall. 
All these types of incidents are a lesson for the new age crypto investors, to maintain crypto funds at safe & registered crypto platforms, instead of any type of platform which offers high yield. 

Fidelity Digital Assets vice president revealed that wealthy families and individuals are already very interested in giving exposure to crypto for their pension funds.
Fidelity Digital Assets is a subsidiary of Fidelity Investments, one of the largest financial services companies that provides services globally. It focuses specifically on providing cryptocurrency-related services, such as custody and trading, to institutional investors like hedge funds, family offices, and high-net-worth individuals. Fidelity Digital Assets aims to offer secure and reliable solutions for investing in digital assets within a regulated framework, leveraging Fidelity’s extensive experience and reputation in the traditional finance sector.
Reportedly Manuel Nordeste, Vice President at Fidelity Digital Assets, explained that while pension funds are just beginning to consider investing in cryptocurrency, wealthy families and individuals are already very interested in it.
According to many crypto news website reports, if it happens with full confidence then there are huge chances that a huge amount of money inflow will take place in this market, as currently, this fund manager manages $4.8 trillion worth of funds. 
It is worth it to note that with the entry of top fund manager BlackRock in the Bitcoin sector with the approval of Bitcoin spot ETF products, a huge number of funds showed an inclination toward Bitcoin (BTC).
A couple of months ago, some experts noted that a decent number of different kinds of traditional fund providers were engaging in the due diligence process to launch Bitcoin spot ETF products.
Currently, 10 out of 11 approved bitcoin spot ETF products are available in the US. And nowadays, fund managers are seeking to get approval for their proposed Ethereum spot ETF applications. 
Bitcoin price 
The current trade price of Bitcoin (BTC) is $64,300 & this trade price is 5% higher over the last 24 hours period.

The Dogecoin community speculated that electric car manufacturing company Tesla may add Dogecoin payment for some other products.
Tesla is a popular electric car manufacturing company, owned by top richest person Elon Musk. Musk is a big fan of Dogecoin (Doge) Cryptocurrency. In Jan 2022, Tesla started accepting Dogecoin payments for certain Tesla merchs. 
The current trade price of Dogecoin (Doge) is $0.16 & this trade price is 19.8% higher over the last 24 hours. 
The credit for the sudden increment in the trade price of Dogecoin goes to the new speculations around Dogecoin use. 
According to some reports, Tesla is possibly going to accept Dogecoin for payments on certain products. 
People are referring to a Dogecoin FAQ page, but the latest snapshot of the page is from 28th Feb 2024. However, the FAQ page has been around since at least January 2022. So, Tesla might be considering adding Dogecoin payments, but we’ll have to wait for official confirmation.
On 3 May 2024, a report by IntoTheBlock reported that a total of 28k new Dogecoin Crypto addresses were created on 2 May, a 102% increase from the monthly low set.
The price of Dogecoin surged sharply at the same time as other cryptocurrencies because the overall crypto market was recovering. 
Here we can also consider this event as a parallel outcome to the job data report from the USA that came out that wasn’t as strong as expected. On Friday, Bitcoin’s price went up too.
Now it will be interesting to see whether Tesla CEO Musk will talk about Dogecoin or not because the future of Dogecoin is dependent on Musk’s support.
These days, Musk is busy fighting against censorship issues. He aimed to bring almost every type of true news to the public domain, even though his platform X faced high censorship pressure.

Charles Hoskinson invited people to give their vote for his proposed idea of collaboration between Cardano & Bitcoin Cash. 
Cardano is a highly scalable blockchain network that is mainly known for its ability to handle transactions with better stability, over other crypto networks. Charles Hoskinson, the co-founder of the Ethereum blockchain, founded & launched Cardano blockchain in 2017. The best thing about this crypto network is that it’s not backed by any Venture Capital firm. 
On 4 May 2024, Charles Hoskinson invited people to give their votes to support his proposal to make Bitcoin Cash (BCH) network partner chain on the Cardano blockchain. 
He also confirmed that integration will include several new upgraded features inclined to Proof-of-work (PoW) related technology. 
At the time of writing this article, 66% of people are in support of this proposed idea but it will be interesting to see the poll results after 6 days when more people will come to show their reaction to this proposed idea. 
Over the last few weeks, the trade price of ADA coin plunged rapidly, which surely degraded the confidence of ADA investors badly. 
Bitcoin Cash (BCH) 
Bitcoin Cash is a forked chain from the Bitcoin (BTC) blockchain network. Origin of the Bitcoin Cash network was fully initiated by early Bitcoin investor Roger Ver. 
Ver aimed to solve all the challenges associated with the Bitcoin network with the help of innovative development works on the Bitcoin Cash network. Even he has a plan to introduce support for Defi protocols on the Bitcoin Cash blockchain network.
Recently the US Department of Justice (Doj) announced Ver was arrested in Spain. He now faces extradition proceedings, so that the US income tax department can investigate the whole matter. According to legal experts, If he is found guilty, he would face a prison sentence of anything from two months to 30 years.

Nate Geraci indirectly said that the discussion around Bitcoin is now at the best level but at the same time, he warned people “not to use his statement as a Bitcoin investment advice”.
Bitcoin (BTC), the top crypto asset by market cap, is currently accessible to almost every type of person in the jurisdiction of the US, as Americans can buy Bitcoin via Bitcoin spot ETF products also. In Jan of this year, the United States Securities and Exchange Commission (SEC) approved 11 Bitcoin spot ETF products simultaneously. 
The current trade price of Bitcoin (BTC) is $63,760 & this trade price has been 1% high over the last 24 hours. 
Nate Geraci, the President of the ETF Store, shared his opinion on the ongoing discussion around Bitcoin among the top financial experts. 
In particular, he appreciated the role of popular Bloomberg ETF expert Eric Balchunas in describing Bitcoin as teenage Gold.
Bitcoin vs Gold 
In the past several years, Bitcoin proponents called Bitcoin a digital form of Gold asset but Bitcoin critics always dismissed such claims blindly.
The metaphor “Bitcoin is like gold but as a teenager” suggests that Bitcoin shares similarities with Gold in terms of being a store of value, but it’s still in its early stages of development and adoption compared to gold, which has been a store of value for centuries. Like a teenager, Bitcoin has a lot of potential for growth and development but also comes with volatility and uncertainty.
Here people need to understand that no one can predict the future perfectly, so always remain aware of the volatility risks, whether it is Gold or Bitcoin, instead of blind investment. 

A hacking group claimed that they accessed a total of 4 lakh accounts of Bitfinex crypto exchange, while Bitfinex CTO dismissed these claims.
Recently notorious hacking group FSOCIETY claimed on its dark web homepage that they successfully hacked several victims which included crypto exchange BitFinex.
The hacking group claimed that they had access to 2.5TB of Bitfinex exchange information and the personal details of 400k users. They said that would publish all the hacked users’ KYC documents publicly if Bitfinex did not complete their demands.
In response, Bitfinex CTO Paolo Ardoino said that hackers spread fake news around the Bitfinex crypto exchange because only 5k out of 25k shared email addresses belong to the Bitfinex users list.
Paolo noted that if that was part of the Bitfinex database then we would expect 100% matching.
Furthermore, the Bitfinex CTO also noted that the alleged hackers did not reach out to the Bitfinex team for any kind of ransom. Their post was published on the 25th of April, allowing a 7-day window for contact. However, it was only discovered yesterday. It was suggested that if they possessed genuine information, they would have requested a ransom through our bug bounty program, customer support ticket, emails, Twitter, etc. but no such request could be found.
In the final words, the CTO said that no person can download users’ KYC documents in bulk but still the Bitfinex security expert will keep monitoring to fight against any kind of unethical activity continuously.
It seems the trade price of Bitfinex’s native token called “UNUS SED LEO” (LEO) remains unfazed following a small sudden dump.
This token was launched by cryptocurrency exchange Bitfinex in May 2019 as a utility token. LEO token can be used to reduce trading fees on the Bitfinex platform and participate in certain activities like token burns and token sales.

Alexander Vinnik has pleaded guilty to money laundering conspiracy for using BTC-e Crypto exchange unethically.
BTC-e was a popular cryptocurrency exchange that operated from 2011 until its closure in 2017. It was one of the oldest and most prominent platforms for trading various cryptocurrencies, including Bitcoin, Litecoin, and Ethereum. However, BTC-e faced legal hurdles due to allegations of money laundering activities on the platform. Also, some investigations showed an alleged connection to the Mt.Gox Bitcoin exchange hack. In 2017, the U.S. government seized the BTC-e domain and halted all crypto trading operations. Since then, BTC-e has been defunct, and its closure marked a significant event in the history of the crypto world.
On 4 May 2024, The United States Department of Justice (DOJ) announced multiple charges against BTC-e founder Alexander Vinnik. 
 Initial investigation by the enforcement agencies found that BTC-e Crypto exchange was used to launder $9 billion worth of crypto assets under the leadership of Alexander. 
The US DOJ noted that the BTC-e crypto exchange was running without proper registration & compliance and also there was no KYC barrier, so it was easy for bad actors to use BTC-e to launder money from one country to another country.
As per the investigation report, nearly $4 billion out of $9 billion transactions on this crypto exchange were part of money laundering, enabling the illicit transfer of funds through BTC-e, resulting in criminal losses totalling at least $121 million.
It is worth it to know that Alexander was arrested in 2017 in Greece & later in 2020 he was extradited to France. In France, he was sentenced to five years in prison over money laundering charges but after serving two years in a French prison, he was extradited to the US in Aug 2022.
In the past, Alexander, who is a Russian citizen, once tried to exchange himself for someone else in a deal between Russia and the United States where prisoners would be swapped but somehow his plan failed.

A new lawsuit action came to light which alleged that Coinbase crypto exchange knowingly violated state Securities law by offering unregistered securities trading.
Coinbase is top-ranked US-based crypto exchange. Since mid-2023, this exchange has been facing legal hurdles, as the United States Securities and Exchange Commission (SEC) sued this exchange over providing unregistered securities offerings & running an unregistered national securities exchange.
A new class action lawsuit was filed against the Coinbase crypto exchange in the US representing 5 plaintiffs from California and Florida. They alleged that the Coinbase crypto exchange violated state securities laws since the company’s inception.
The lawsuit alleged that Coinbase exchange already admitted in its user agreement that it was a securities asset broker, but still offered SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ, and XLM, which are unregistered securities.
Notably this lawsuit is not only against Coinbase but also against its CEO & Co-founder Brian Armstrong, who is also a top-level crypto leader in the crypto space.
Now it will be interesting to see how the US SEC will use this new evidence against Coinbase exchange in its battle.
It is worth it to note that on 26 April, popular US-based crypto lawyer John Deaton, who’s also running for election to challenge Senator Elizabeth Warren, filed a legal document in a New York court. That legal document supports a request to appeal a decision made during an ongoing legal process. It’s filed on behalf of 4,701 Coinbase customers.
The current trade price of Coinbase (Coin) stock is 2.5% down over the last trade closing time and it will be interesting to see the sell pressure on this stock asset in the morning of Monday of this new week.

In the E-Nugget case, the Enforcement Directorate has taken possession of frozen crypto assets worth close to ₹ 90 crore. 
The E-Nugget scam involved a cryptocurrency investment scheme where investors were promised high returns. However, it turned out to be a Ponzi scheme, with funds being used to pay earlier investors rather than being invested as promised. This led to significant financial losses for many investors and legal actions against those responsible for orchestrating the scam. In 2022, the Indian enforcement agency the Enforcement Directorate (ED) took strict action to seize the funds involved with E-Nugget. 
In the latest, the ED body has taken possession of frozen crypto assets worth close to ₹ 90 crore ($10.78 million), earlier kept in 70 crypto accounts maintained with Binance, ZebPay, and WazirX. 
The majority of crypto enthusiasts call this move a very big achievement for not only ED but also for the crypto industry, as crypto’s decentralised nature helped them to trace the financial transaction easily & as well as the successful seizure of the funds. 
Along with these seizures, ED seized Bank account balances totalling Rs 2.43 crore, while previously, they had attached properties valued at Rs 163 crore in connection with this case.
It is worth it to note that over the past couple of years, Indian enforcement agencies have shown significant inclination against these bad actors who are using cryptocurrencies in any kind of illegal activities.
Just a few weeks ago, ED seized a bungalow of Shilpa Shetty. They took this action as a part of the gain Bitcoin Ponzi scheme case, as they found Shetty’s husband Raj Kundra linked in the case. 
Allegedly Kundra received 285 BTC (worth 150 crores INR) from the Gain Bitcoin Ponzi scheme mastermind to set up a Bitcoin mining firm in Ukraine. 

A popular Bitcoin analyst claimed that the recent correction in the trade price was like a manipulation, instead of the usual downfall as a part of bearish sentiments. 
As we know, yesterday the Bitcoin trade price crashed by 7% in 24 hours, following the bad news around the money market. 
On 2 May 2024, A popular crypto analyst Rekt Capital shared his analysis and said that the latest correction in the trade price of Bitcoin was mostly a part of manipulation. 
In another analysis, Rekt Capital said that some negative factors are surely impacting the bull sentiments around Bitcoin but it doesn’t mean that the bull is over. 
According to his analysis, Bitcoin may face up to -mm38% correction in the trade price, which means the price may even hit the $ 51.5k level. 
Bitcoin hater & US Global economist Peter Schiff also shared his bearish opinion on Bitcoin and said that the $60k level is now a resistance level for the Bitcoin market. With his analysis, he suggested people sell & get out from Bitcoin to prohibit big losses.
Earlier this a few weeks ago, some Bitcoin enthusiasts shared their opinion on the Bitcoin bull sentiment & said that the lack of new bull factors may slow down the inflow of money in the market.
If we look at the past Bitcoin halving events then we found that Bitcoin every time surged 100%+ after 12 months of post halving phase. So here we should be optimistic about these factors, & should not be diverted from Google Bitcoin trade decisions. 

The Microstrategy former CEO Michael Saylor explained how he achieved huge success for his company via easy Bitcoin adoption strategy.
Microstrategy is a US-based Nasdaq-listed business intelligence firm that is popular in the Bitcoin market because of the company’s big Bitcoin balance. 
On 30 April 2024, Michael Saylor, the former CEO of Microstrategy, informed his followers that his company purchased $7.8 million worth of Bitcoin. With this new purchase, the company added 122 new BTC to the company’s balance sheet. 
So at this current date, this company is holding a total of 214,400 BTC. 
At this current BTC holding, the company has 74% unrealised profit which is equal to $5.59 billion.
With another tweet, Saylor informed the other companies to see how the stock price of Microstrategy ($MSTR) surged by nearly 1,000% following the adoption of Bitcoin. 
Indirectly, Saylor suggested other public companies jump on the Bitcoin bandwagon to gain a significant pump in their corresponding stock prices. 
In the past couple of years, Saylor talked about the potential Bitcoin balance use plan several times. He also advocated the use of Bitcoin ordinals (BRC20) protocol to bring unique use cases of the Bitcoin blockchain network but so far no official announcement has come to the public domain regarding the Bitcoin app, tool, etc. 
In the past, some people raised future concerns over the bulk Bitcoin buy activities of Microstrategy firm but some Bitcoin advocates supported Microstrategy & said that big BTC buys will end up in a very big buy pressure among the top companies in the future. 
Bitcoin price 
The current trade price of Bitcoin (BTC) is $60,940 & this trade price is 3.12% down over the last 24 hours. 

Changpeng Zhao (CZ) will now face only 4 months of jail sentence over the violation of US money laundering measures.
Changpeng Zhao (CZ) is former CEO & co-founder of Binance crypto exchange. For the last four years, the Binance crypto platform has been the top choice among newbies & experienced crypto traders. In 2023, CZ faced huge trouble, as the US DoJ sued Binance over violating money laundering measures. 
As per official reports, Zhao sentenced to four months in prison by Judge Richard Jones in a hearing held on April 30 in the U.S. District Court for the Western District of Washington. 
Now  CZ has been free to travel in the United States on a $175 million bond. This is very good news for him, as he is now free to go to Dubai & meet his family. 
On this short-term jail sentence punishment,  CZ shared his response on X (formerly Twitter) and thanked crypto people for their support in that tough time.
Furthermore, he said that he will start his next phase of life to push education. 
On the crypto sector, he said that he will always remain bullish on cryptocurrencies and also added that he is happy that the crypto sector is now in another phase where compliance is a super important thing.
It is worth it to know that a week ago the US DOJ submitted a request to the Federal court to sentence CZ for 3 years so that people always remain aware of anti money laundering (AML) measures.
BNB coin price action 
The current trade price of Binance Coin (BNB) is $573 & this trade price is 3% down over the last 24 hours, as a part of the usual market downfall.