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The Solana ecosystem AI project IO.NET is about to launch on #BinanceLaunchpool.
According to the official announcement, Binance's new coin mining has now launched its 55th project, the decentralized artificial intelligence computing and cloud platform IO.NET (IO). Users can stake BNB and FDUSD into the IO mining pool on the Launchpool website starting from June 7 at 08:00 (UTC+8) to receive IO rewards. The mining period will last for a total of 4 days. The website is expected to be updated within approximately five hours of this announcement, before the mining activity opens.
IO.NET (IO) has an initial total supply of 500,000,000 IO, with a maximum token supply of 800,000,000 IO. The initial circulating supply is 95,000,000 IO (19% of the initial total token supply). The total amount available for mining is 20,000,000 IO (4% of the initial total token supply).
#InfrastructureCoins #aicoins #Solanaecosystem
According to the official announcement, Binance's new coin mining has now launched its 55th project, the decentralized artificial intelligence computing and cloud platform IO.NET (IO). Users can stake BNB and FDUSD into the IO mining pool on the Launchpool website starting from June 7 at 08:00 (UTC+8) to receive IO rewards. The mining period will last for a total of 4 days. The website is expected to be updated within approximately five hours of this announcement, before the mining activity opens.
IO.NET (IO) has an initial total supply of 500,000,000 IO, with a maximum token supply of 800,000,000 IO. The initial circulating supply is 95,000,000 IO (19% of the initial total token supply). The total amount available for mining is 20,000,000 IO (4% of the initial total token supply).
#InfrastructureCoins #aicoins #Solanaecosystem
💥In the next 24 hours, 13.85 million #HFT will be unlocked, with an approximate value of $4.36 million, accounting for 3.4% of the circulating supply.
The specific distribution of the unlock is as follows:
1️⃣ Early Investors: 5.21M HFT, approximately valued at $1.64M;
2️⃣ Core Team: 2.42M HFT, approximately valued at $659.83K;
3️⃣Ecosystem Development: 5.58M HFT, approximately valued at $1.76M;
4️⃣Community Rewards: 416.67K HFT, approximately valued at $131.1K.
⚠️Please note that HFT has entered a rapid unlocking phase
#Tokenunlock #Launchpool
The specific distribution of the unlock is as follows:
1️⃣ Early Investors: 5.21M HFT, approximately valued at $1.64M;
2️⃣ Core Team: 2.42M HFT, approximately valued at $659.83K;
3️⃣Ecosystem Development: 5.58M HFT, approximately valued at $1.76M;
4️⃣Community Rewards: 416.67K HFT, approximately valued at $131.1K.
⚠️Please note that HFT has entered a rapid unlocking phase
#Tokenunlock #Launchpool
Based on on-chain indicators, it may currently be a good time to accumulate #altcoinscrash
This system gets an aggregated view of the market and considers few different metrics. Probably the easiest way to think about is considering it similar to a TOTAL3/TOTAL oscillator.
TOTAL is the total market cap of cryptocurrencies.TOTAL3 is the total market cap of cryptocurrencies excluding BTC and ETH. An Oscillator (similar to RSI, etc.) moves in the range [0,1].
Few possible scenarios:
1️⃣ Both BTC (gray line) and Alts signal(gold line) are going up. This is a clear uptrend where both TOTAL and TOTAL3 are rising. Usually BTC.D is either ranging or going down in such cases. This is a bull rally.
2️⃣ Both BTC and Alts signal are going down.
This is a clear downtrend where both TOTAL and TOTAL3 are going down.
3️⃣BTC is going down, but Alts signal is going up.
This doesn't happen often. It happens when bitcoin is going down but alts are outperforming BTC.
4️⃣ BTC is going up but Alts signal is going down.
Bitcoin is outperforming the market (BTC.D is rising) in an uptrend market (usually happens pre-halving, and at the start of a bull market)
#Signal. #OnChainAnalysis #Onchain
This system gets an aggregated view of the market and considers few different metrics. Probably the easiest way to think about is considering it similar to a TOTAL3/TOTAL oscillator.
TOTAL is the total market cap of cryptocurrencies.TOTAL3 is the total market cap of cryptocurrencies excluding BTC and ETH. An Oscillator (similar to RSI, etc.) moves in the range [0,1].
Few possible scenarios:
1️⃣ Both BTC (gray line) and Alts signal(gold line) are going up. This is a clear uptrend where both TOTAL and TOTAL3 are rising. Usually BTC.D is either ranging or going down in such cases. This is a bull rally.
2️⃣ Both BTC and Alts signal are going down.
This is a clear downtrend where both TOTAL and TOTAL3 are going down.
3️⃣BTC is going down, but Alts signal is going up.
This doesn't happen often. It happens when bitcoin is going down but alts are outperforming BTC.
4️⃣ BTC is going up but Alts signal is going down.
Bitcoin is outperforming the market (BTC.D is rising) in an uptrend market (usually happens pre-halving, and at the start of a bull market)
#Signal. #OnChainAnalysis #Onchain
New Scam Methods Stealing Exchange Accounts: How Can We Safeguard Our Funds?
According to Slowmist, there were a total of 32 security incidents recorded in May, with losses exceeding $429 million. Recently, security incidents targeting trading accounts have been frequent, with alarming new attack methods sparking widespread discussion among cryptocurrency industry users.As ordinary users, how can we ensure the security of our trading accounts and avoid asset loss? WikiBit has compiled two recent shocking attack incidents.
Binance Account Theft Incident
Yesterday, a user on platform X, @CryptoNakamao, reported that $1 million was stolen from their Binance account without any risk control alerts. Hackers collected the user's cookies through a plugin and impersonated them, transferring funds via "wash trading" without obtaining the user's Binance account password or 2FA.
According to a security company, hackers manipulated @CryptoNakamao's account by hijacking web cookies. They bought tokens in highly liquid USDT trading pairs and placed above-market limit sell orders in less liquid BTC, USDC pairs. Finally, they opened leveraged trades using @CryptoNakamao's account, making large excess purchases to complete the wash trading. The hacking operations included pairs like QTUM/BTC, DASH/BTC, PYR/BTC, ENA/USDC, and NEO/USDC, showing abnormal prices at the corresponding times.
OKX Account Theft Incident
Compared to the Binance user's loss due to cookie hijacking by a trojan plugin, the OKX account theft is even more alarming. According to the user, on May 1, they received a platform notification and tried to log in, only to find their account had been deleted.
Investigations revealed that the hacker accessed the user’s email, clicked on "forgot password," and bypassed the user’s firewall with an AI-generated video. Unbeknownst to the user, the hacker changed the phone number, email address, and Google Authenticator associated with the account. Within 24 hours, all assets were lost. The user has reported the incident to the authorities and has made some progress.
WikiBit Commentary
Previously, most theft incidents were due to phishing links or contract vulnerabilities. These two incidents are representative of new hacker methods, requiring users to invest more effort and time in securing their funds. To reduce the risk of theft, users should:
Ensure mobile device security before using trading apps, avoid installing untrusted third-party apps, and download apps only from official stores and channels.Maintain PC security when logging into platforms, install necessary antivirus software, avoid installing untrusted third-party applications, and refrain from adding untrusted browser extensions.Clear cookies and log out of accounts after use, and ensure no unsafe browser plugins are downloaded.
#CEXs #HackerAlert #security
Binance Account Theft Incident
Yesterday, a user on platform X, @CryptoNakamao, reported that $1 million was stolen from their Binance account without any risk control alerts. Hackers collected the user's cookies through a plugin and impersonated them, transferring funds via "wash trading" without obtaining the user's Binance account password or 2FA.
According to a security company, hackers manipulated @CryptoNakamao's account by hijacking web cookies. They bought tokens in highly liquid USDT trading pairs and placed above-market limit sell orders in less liquid BTC, USDC pairs. Finally, they opened leveraged trades using @CryptoNakamao's account, making large excess purchases to complete the wash trading. The hacking operations included pairs like QTUM/BTC, DASH/BTC, PYR/BTC, ENA/USDC, and NEO/USDC, showing abnormal prices at the corresponding times.
OKX Account Theft Incident
Compared to the Binance user's loss due to cookie hijacking by a trojan plugin, the OKX account theft is even more alarming. According to the user, on May 1, they received a platform notification and tried to log in, only to find their account had been deleted.
Investigations revealed that the hacker accessed the user’s email, clicked on "forgot password," and bypassed the user’s firewall with an AI-generated video. Unbeknownst to the user, the hacker changed the phone number, email address, and Google Authenticator associated with the account. Within 24 hours, all assets were lost. The user has reported the incident to the authorities and has made some progress.
WikiBit Commentary
Previously, most theft incidents were due to phishing links or contract vulnerabilities. These two incidents are representative of new hacker methods, requiring users to invest more effort and time in securing their funds. To reduce the risk of theft, users should:
Ensure mobile device security before using trading apps, avoid installing untrusted third-party apps, and download apps only from official stores and channels.Maintain PC security when logging into platforms, install necessary antivirus software, avoid installing untrusted third-party applications, and refrain from adding untrusted browser extensions.Clear cookies and log out of accounts after use, and ensure no unsafe browser plugins are downloaded.
#CEXs #HackerAlert #security
This Week's Noteworthy Events (June 3,2024-June 9,2024)
Key updates this week: New KYC regulations for Telegram Wallet, UXLINK airdrop, nftperp market closure, and FTX restructuring objections.
New KYC Regulations for Telegram Wallet
Starting June 3, users of the third-party cryptocurrency wallet bot on Telegram will need to update their account details (name, phone number, and date of birth) to use all features except withdrawals. Additionally, Wallet announced that from May 30, 2024, wallet services will be provided by WOT Global Solution, which will manage all user data, including names, addresses, phone numbers, transaction data, and any other data the wallet might hold.
UXLINK's First Season Airdrop Snapshot
Web3 social platform UXLINK announced on X platform that the snapshot for the first season airdrop voucher NFT "In UXLINK We Trust" will take place on June 3 at 23:59 UTC. Current on-chain data from Dune and Arbiscan shows over 2.15 million NFTs minted, with more than 1.37 million unique community addresses participating. The second season airdrop voucher NFT "In UXLINK We DEX" will start minting on June 3 at 24:00 UTC. Users can earn UXUY points by conducting various crypto transactions on UXLINK to mint the second season NFT.
nftperp to Close Arbitrum Market
NFT perpetual contract trading platform nftperp announced on X platform that it will focus on the Blast blockchain and, as part of this strategy, will close the Arbitrum market. Starting today, Arbitrum traders are encouraged to adjust their positions accordingly. The initial margin requirement for new positions will increase to 50% (2x leverage). All open positions on Arbitrum will be automatically settled on Monday, June 3, using the past 7 days' trailing index prices. Users are advised to complete their transactions by this date to manage their positions as needed.
U.S. House Financial Services Digital Assets Subcommittee Hearing
According to Fox Business reporter Eleanor Terrett on X platform, the U.S. House Financial Services Digital Assets Subcommittee will hold a hearing next Wednesday to discuss the tokenization of real-world assets (RWA).
Volatility Shares Leverage Ethereum ETF Approved
Volatility Shares announced that its 2x Ether ETF (ETHU) will be the first leveraged Ethereum ETF in the U.S., starting trading on June 4. This follows the launch of their 2x Bitcoin Fund in June 2023. CIO Stuart Barton believes this approval may pave the way for the eventual approval of a spot Ethereum ETF.
FTX Creditors' Committee: Objections to Restructuring Plan and Disclosure Statement Due by June 5
The FTX Creditors' Committee announced on X platform that FTX debtors submitted a revised restructuring plan and corresponding disclosure statement on May 7. The committee is currently evaluating the plan and has not yet become a defined "supporting party." Objections to the disclosure statement must be submitted by June 5, 2024. The committee emphasized that the primary goal is to maximize creditor recoveries and minimize the time to achieve this. Creditors are encouraged to follow updates on the Threads and Reddit pages of the FTX_Committee.
Arbitrum Gaming Ecosystem Grant Proposal Vote
The vote on Arbitrum's proposal to allocate 200 million ARB tokens to expand its gaming ecosystem will conclude on June 8. Some funds will be used to co-invest in promising studios and games with recognized publishers and support all other game creators on Arbitrum. The GCP team, supported by the Arbitrum Foundation, will be established to oversee this initiative in collaboration with the GCP Council.
$ARB
#Airdrops_free #ARB🔥🔥🔥 #FTX.Trading.Ltd #RWA!
New KYC Regulations for Telegram Wallet
Starting June 3, users of the third-party cryptocurrency wallet bot on Telegram will need to update their account details (name, phone number, and date of birth) to use all features except withdrawals. Additionally, Wallet announced that from May 30, 2024, wallet services will be provided by WOT Global Solution, which will manage all user data, including names, addresses, phone numbers, transaction data, and any other data the wallet might hold.
UXLINK's First Season Airdrop Snapshot
Web3 social platform UXLINK announced on X platform that the snapshot for the first season airdrop voucher NFT "In UXLINK We Trust" will take place on June 3 at 23:59 UTC. Current on-chain data from Dune and Arbiscan shows over 2.15 million NFTs minted, with more than 1.37 million unique community addresses participating. The second season airdrop voucher NFT "In UXLINK We DEX" will start minting on June 3 at 24:00 UTC. Users can earn UXUY points by conducting various crypto transactions on UXLINK to mint the second season NFT.
nftperp to Close Arbitrum Market
NFT perpetual contract trading platform nftperp announced on X platform that it will focus on the Blast blockchain and, as part of this strategy, will close the Arbitrum market. Starting today, Arbitrum traders are encouraged to adjust their positions accordingly. The initial margin requirement for new positions will increase to 50% (2x leverage). All open positions on Arbitrum will be automatically settled on Monday, June 3, using the past 7 days' trailing index prices. Users are advised to complete their transactions by this date to manage their positions as needed.
U.S. House Financial Services Digital Assets Subcommittee Hearing
According to Fox Business reporter Eleanor Terrett on X platform, the U.S. House Financial Services Digital Assets Subcommittee will hold a hearing next Wednesday to discuss the tokenization of real-world assets (RWA).
Volatility Shares Leverage Ethereum ETF Approved
Volatility Shares announced that its 2x Ether ETF (ETHU) will be the first leveraged Ethereum ETF in the U.S., starting trading on June 4. This follows the launch of their 2x Bitcoin Fund in June 2023. CIO Stuart Barton believes this approval may pave the way for the eventual approval of a spot Ethereum ETF.
FTX Creditors' Committee: Objections to Restructuring Plan and Disclosure Statement Due by June 5
The FTX Creditors' Committee announced on X platform that FTX debtors submitted a revised restructuring plan and corresponding disclosure statement on May 7. The committee is currently evaluating the plan and has not yet become a defined "supporting party." Objections to the disclosure statement must be submitted by June 5, 2024. The committee emphasized that the primary goal is to maximize creditor recoveries and minimize the time to achieve this. Creditors are encouraged to follow updates on the Threads and Reddit pages of the FTX_Committee.
Arbitrum Gaming Ecosystem Grant Proposal Vote
The vote on Arbitrum's proposal to allocate 200 million ARB tokens to expand its gaming ecosystem will conclude on June 8. Some funds will be used to co-invest in promising studios and games with recognized publishers and support all other game creators on Arbitrum. The GCP team, supported by the Arbitrum Foundation, will be established to oversee this initiative in collaboration with the GCP Council.
$ARB
#Airdrops_free #ARB🔥🔥🔥 #FTX.Trading.Ltd #RWA!
It seems that Solana has entered the #mememcoinseason2024 , with several celebrities issuing MEME tokens on Solana.
These include:
1️⃣Female rapper IGGY AZALEA released $Mother on Solana.
2️⃣Famous American TV personality and former Olympic decathlon champion Caitlyn Jenner issued the token $Jenner.
3️⃣American rapper Rich The Kid issued the token $RICH.
All of these tokens have experienced increases of tens or even hundreds of times in a very short period.
#SolanaMemeCoin #JENNER #meme_coin
These include:
1️⃣Female rapper IGGY AZALEA released $Mother on Solana.
2️⃣Famous American TV personality and former Olympic decathlon champion Caitlyn Jenner issued the token $Jenner.
3️⃣American rapper Rich The Kid issued the token $RICH.
All of these tokens have experienced increases of tens or even hundreds of times in a very short period.
#SolanaMemeCoin #JENNER #meme_coin
🚀#BTCETFSPOT has experienced net inflows for 11 consecutive working days, with a total asset value of $58.468 billion.
BlackRock's #IBIT has surpassed Grayscale's #GBTC in Bitcoin holdings. Currently, GBTC holds 287,450 BTC, while IBIT holds 288,670 BTC.
BlackRock's #IBIT has surpassed Grayscale's #GBTC in Bitcoin holdings. Currently, GBTC holds 287,450 BTC, while IBIT holds 288,670 BTC.
Data from The Block shows that as of May 24, the negative premium rate of the Grayscale Ethereum Trust (ETHE) has narrowed to 1.27%.
$ETH #GRAYSCALE #ETHETFS
$ETH #GRAYSCALE #ETHETFS
⏰ Multiple Tokens to Experience Significant Unlocks This Week; Be Cautious of Potential Sell Pressure!
According to Token Unlocks data, a total of 19 tokens will undergo significant unlocks this week. Among them, several tokens are noteworthy due to the substantial amount being unlocked and their significant proportion of the circulating market cap:
1️⃣Yield Guild Games (YGG) will unlock approximately 16.69 million tokens at 2 PM UTC on May 27, accounting for 4.49% of the current circulation, valued at approximately $16.94 million.
2️⃣PORTAL will unlock approximately 6.74 million tokens at 12 AM UTC on May 29, accounting for 4.03% of the current circulation, valued at approximately $5.88 million.
3️⃣PRIME will unlock approximately 1.66 million tokens at 12 AM UTC on May 31, accounting for 4.23% of the current circulation, valued at approximately $32.36 million.
4️⃣1INCH will unlock approximately 98.74 million tokens at 12 AM UTC on June 1, accounting for 8.52% of the current circulation, valued at approximately $41.32 million.
5️⃣DYDX will unlock approximately 33.33 million tokens at 12 AM UTC on June 1, accounting for 11.91% of the current circulation, valued at approximately $67.00 million.
6️⃣ENA will unlock approximately 53.60 million tokens at 11 PM UTC on June 1, accounting for 3.62% of the current circulation, valued at approximately $49.46 million.
Other tokens facing unlocks include: AGIX, PENDLE, MINA, OP, TORN, MANTA, GMT, SUI, MAV, AKT, ZETA, ACA, and YFI.
$YGG $PORTAL $1INCH #DYDX🔔 #ENAUSDT🚨 #agixusdt
According to Token Unlocks data, a total of 19 tokens will undergo significant unlocks this week. Among them, several tokens are noteworthy due to the substantial amount being unlocked and their significant proportion of the circulating market cap:
1️⃣Yield Guild Games (YGG) will unlock approximately 16.69 million tokens at 2 PM UTC on May 27, accounting for 4.49% of the current circulation, valued at approximately $16.94 million.
2️⃣PORTAL will unlock approximately 6.74 million tokens at 12 AM UTC on May 29, accounting for 4.03% of the current circulation, valued at approximately $5.88 million.
3️⃣PRIME will unlock approximately 1.66 million tokens at 12 AM UTC on May 31, accounting for 4.23% of the current circulation, valued at approximately $32.36 million.
4️⃣1INCH will unlock approximately 98.74 million tokens at 12 AM UTC on June 1, accounting for 8.52% of the current circulation, valued at approximately $41.32 million.
5️⃣DYDX will unlock approximately 33.33 million tokens at 12 AM UTC on June 1, accounting for 11.91% of the current circulation, valued at approximately $67.00 million.
6️⃣ENA will unlock approximately 53.60 million tokens at 11 PM UTC on June 1, accounting for 3.62% of the current circulation, valued at approximately $49.46 million.
Other tokens facing unlocks include: AGIX, PENDLE, MINA, OP, TORN, MANTA, GMT, SUI, MAV, AKT, ZETA, ACA, and YFI.
$YGG $PORTAL $1INCH #DYDX🔔 #ENAUSDT🚨 #agixusdt
This Week's Noteworthy Events(May 27,2024-June 2,2024)
Memeland: MON Staking Platform to Launch on May 27 During TGE; Stakers to Receive MEME and Other Tokens
Memeland announced on X that new farming tasks related to the MON Protocol (MON) are now live on Stakeland. According to reports, MON Protocol has already announced over 60 partners, with more than 50 additional partnerships in preparation. The MON staking platform will go live immediately on May 27 during the TGE (Token Generation Event). MON stakers will receive MEME tokens and other partner tokens.
ZAP: Blast Gigadrops Event to Launch on May 27
The token issuance protocol driven by the Blast ecosystem, ZAP, announced on X that it plans to launch the Blast Gigadrops event on May 27. The event will last for approximately five weeks, with a total prize pool exceeding $500,000, and will involve collaboration with over 20 other Blast projects.
London Stock Exchange to Launch Bitcoin and Ethereum Crypto ETN Trading on May 28
The London Stock Exchange announced it will start trading Bitcoin and Ethereum cryptocurrency exchange-traded notes (ETNs) on May 28, 2024.
Former FTX Executive Ryan Salame to be Sentenced on May 28
Former FTX executive Ryan Salame will be sentenced on May 28 in a New York court after pleading guilty to criminal charges. Ryan Salame admitted in September to charges of conspiracy to make illegal political contributions and operating an unlicensed money transmitting business. His sentencing was initially scheduled for May 1.Additionally, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and former FTX engineering director Nishad Singh have also pleaded guilty.
LayerZero Labs: Witch Hunt Bounty to Reopen on May 28
LayerZero Labs announced on X that it plans to reopen the Witch Hunt bounty submission on Commonwealth. Participants are required to pay a 0.5 ETH deposit. Only addresses that have paid the deposit will be eligible to submit reports. The deposit will be refunded after the TGE, but will be forfeited if the report is fraudulent, plagiarized, lacks methodology, or is spam.The schedule for the Witch Hunt bounty is as follows: deposits can be made to a specified address starting at 10 AM on May 25. Submissions will reopen at 8 AM on May 28 for 48 hours and close at 8 AM on May 30. Reports submitted on Github with paid deposits will be given priority review. Successful reports will receive 10% of the bounty at the time of TGE.VAEX to Ban Hong Kong Users from Trading Starting May 30 at 10 AM
The virtual asset trading platform VAEX will ban Hong Kong users from trading starting at 10 AM on May 30.Previously, it was reported that the Hong Kong Securities and Futures Commission (SFC) updated its official data showing that VAEX had withdrawn its virtual asset trading platform license application on May 24.
Hong Kong SFC: Virtual Asset Trading Platforms Must Cease Operations by May 31 if No License Application Submitted by February 29
According to official sources, the Hong Kong SFC stated that under transitional arrangements, virtual asset trading platforms operating in Hong Kong must submit a license application to the SFC by February 29, 2024. If they fail to do so, they must cease operations in Hong Kong by May 31, 2024.Investors should verify the regulatory status of their virtual asset trading platforms and prepare by May 31, 2024. This includes closing accounts with platforms not listed on the "licensed virtual asset trading platforms" or "virtual asset trading platform applicants" lists, or transferring to licensed platforms for trading virtual assets.Applications on the "virtual asset trading platform applicants" list are still under review, and it is uncertain if they will be approved, posing risks to those trading on these platforms. The SFC strongly urges investors to trade virtual assets only on SFC-licensed platforms, as trading on unlicensed platforms may leave them unprotected.Gemini Earn to Begin Returning Crypto Assets to Customers by End of May
Genesis creditor Gemini announced it will start returning the first batch of 97% of crypto assets to its Earn program customers by the end of May, with payments made in physical form. This means that customers who previously deposited one Bitcoin into Gemini Earn will receive the same amount in return.
#MemeLand #geminiearn #sfc
Memeland announced on X that new farming tasks related to the MON Protocol (MON) are now live on Stakeland. According to reports, MON Protocol has already announced over 60 partners, with more than 50 additional partnerships in preparation. The MON staking platform will go live immediately on May 27 during the TGE (Token Generation Event). MON stakers will receive MEME tokens and other partner tokens.
ZAP: Blast Gigadrops Event to Launch on May 27
The token issuance protocol driven by the Blast ecosystem, ZAP, announced on X that it plans to launch the Blast Gigadrops event on May 27. The event will last for approximately five weeks, with a total prize pool exceeding $500,000, and will involve collaboration with over 20 other Blast projects.
London Stock Exchange to Launch Bitcoin and Ethereum Crypto ETN Trading on May 28
The London Stock Exchange announced it will start trading Bitcoin and Ethereum cryptocurrency exchange-traded notes (ETNs) on May 28, 2024.
Former FTX Executive Ryan Salame to be Sentenced on May 28
Former FTX executive Ryan Salame will be sentenced on May 28 in a New York court after pleading guilty to criminal charges. Ryan Salame admitted in September to charges of conspiracy to make illegal political contributions and operating an unlicensed money transmitting business. His sentencing was initially scheduled for May 1.Additionally, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and former FTX engineering director Nishad Singh have also pleaded guilty.
LayerZero Labs: Witch Hunt Bounty to Reopen on May 28
LayerZero Labs announced on X that it plans to reopen the Witch Hunt bounty submission on Commonwealth. Participants are required to pay a 0.5 ETH deposit. Only addresses that have paid the deposit will be eligible to submit reports. The deposit will be refunded after the TGE, but will be forfeited if the report is fraudulent, plagiarized, lacks methodology, or is spam.The schedule for the Witch Hunt bounty is as follows: deposits can be made to a specified address starting at 10 AM on May 25. Submissions will reopen at 8 AM on May 28 for 48 hours and close at 8 AM on May 30. Reports submitted on Github with paid deposits will be given priority review. Successful reports will receive 10% of the bounty at the time of TGE.VAEX to Ban Hong Kong Users from Trading Starting May 30 at 10 AM
The virtual asset trading platform VAEX will ban Hong Kong users from trading starting at 10 AM on May 30.Previously, it was reported that the Hong Kong Securities and Futures Commission (SFC) updated its official data showing that VAEX had withdrawn its virtual asset trading platform license application on May 24.
Hong Kong SFC: Virtual Asset Trading Platforms Must Cease Operations by May 31 if No License Application Submitted by February 29
According to official sources, the Hong Kong SFC stated that under transitional arrangements, virtual asset trading platforms operating in Hong Kong must submit a license application to the SFC by February 29, 2024. If they fail to do so, they must cease operations in Hong Kong by May 31, 2024.Investors should verify the regulatory status of their virtual asset trading platforms and prepare by May 31, 2024. This includes closing accounts with platforms not listed on the "licensed virtual asset trading platforms" or "virtual asset trading platform applicants" lists, or transferring to licensed platforms for trading virtual assets.Applications on the "virtual asset trading platform applicants" list are still under review, and it is uncertain if they will be approved, posing risks to those trading on these platforms. The SFC strongly urges investors to trade virtual assets only on SFC-licensed platforms, as trading on unlicensed platforms may leave them unprotected.Gemini Earn to Begin Returning Crypto Assets to Customers by End of May
Genesis creditor Gemini announced it will start returning the first batch of 97% of crypto assets to its Earn program customers by the end of May, with payments made in physical form. This means that customers who previously deposited one Bitcoin into Gemini Earn will receive the same amount in return.
#MemeLand #geminiearn #sfc
Sad news in the #crypto world. #KABOSU, the beloved Shiba Inu and face of the #Dogememe, has passed away. Rest in peace, sweet pup.
🐾
$SHIB $DOGE #meme_coin
🐾
$SHIB $DOGE #meme_coin
📈 What Will Happen to $ETH Prices Following the Approval of the Spot ETF?
WikiBit analysts believe that ETH will initially experience sideways and downward movement before continuing upward.
According to the U.S. Securities and Exchange Commission (SEC) documents, the SEC has approved multiple issuers' spot Ethereum ETFs, including those from BlackRock, Fidelity, and Grayscale.
Highlights :
—Currently, only Form 19B-4 has been approved. The S-1 form is still required to officially commence trading. The specific start date for trading remains to be seen.
—Grayscale Trust holds 2,935,200 ETH with a negative premium rate of 22.72%, which might exert selling pressure on the market.
Analysis:
The situation parallels the approval of the BTC spot ETF. Grayscale Trust holds a significant amount of non-redeemable assets, which bear a negative premium in the secondary market. Additionally, Grayscale charges high annual management fees, much higher than its competitors. Consequently, once Grayscale's ETF is opened, a large amount of $EETH might be redeemed into ETH.
During the redemption phase, ETH's volatility is expected to increase. Due to differences in market size, liquidity, and the holder community, ETH's corresponding volatility is anticipated to be higher than that of BTC during the early stages of the BTC ETF's opening.
Reflecting on the BTC ETF's opening phase, BTC's price fell from 48,000 to below 4,000. The main reasons were the realization of positive news and significant selling pressure from Grayscale. However, ETH's approval indicates an opening of potential incremental funding markets for ETH. Considering multiple factors, ETH is expected to consolidate and decline before rising again once the selling pressure diminishes.
The above analysis is for learning purposes only and does not constitute investment advice.
#ETHETFS #ETHPrice #ETFvsBTC #GRAYSCALE
WikiBit analysts believe that ETH will initially experience sideways and downward movement before continuing upward.
According to the U.S. Securities and Exchange Commission (SEC) documents, the SEC has approved multiple issuers' spot Ethereum ETFs, including those from BlackRock, Fidelity, and Grayscale.
Highlights :
—Currently, only Form 19B-4 has been approved. The S-1 form is still required to officially commence trading. The specific start date for trading remains to be seen.
—Grayscale Trust holds 2,935,200 ETH with a negative premium rate of 22.72%, which might exert selling pressure on the market.
Analysis:
The situation parallels the approval of the BTC spot ETF. Grayscale Trust holds a significant amount of non-redeemable assets, which bear a negative premium in the secondary market. Additionally, Grayscale charges high annual management fees, much higher than its competitors. Consequently, once Grayscale's ETF is opened, a large amount of $EETH might be redeemed into ETH.
During the redemption phase, ETH's volatility is expected to increase. Due to differences in market size, liquidity, and the holder community, ETH's corresponding volatility is anticipated to be higher than that of BTC during the early stages of the BTC ETF's opening.
Reflecting on the BTC ETF's opening phase, BTC's price fell from 48,000 to below 4,000. The main reasons were the realization of positive news and significant selling pressure from Grayscale. However, ETH's approval indicates an opening of potential incremental funding markets for ETH. Considering multiple factors, ETH is expected to consolidate and decline before rising again once the selling pressure diminishes.
The above analysis is for learning purposes only and does not constitute investment advice.
#ETHETFS #ETHPrice #ETFvsBTC #GRAYSCALE
💥Renowned singer Taylor Swift was spotted on the streets wearing a T-shirt with "Solana Summer" printed on it.
This photo has been widely shared on social media and even turned into a MEME token by several users.
After experiencing Defi Summer, will 2024 be Solana's MEME Summer?
#solanasummer #MemeWatch2024 $BOME $WIF
This photo has been widely shared on social media and even turned into a MEME token by several users.
After experiencing Defi Summer, will 2024 be Solana's MEME Summer?
#solanasummer #MemeWatch2024 $BOME $WIF
🎁Binance #Megadrop Phase 2 is set to launch soon. 🎉
In Phase 1, completing the basic tasks on BounceBit could earn you 79 tokens, with the token's highest value reaching around 50U.
For Phase 2, the Binance Megadrop project introduces ListaDAO, a LSDFi project within the BNB ecosystem, focusing on collateralized debt positions (CDPs) and liquidity staking. ListaDAO allows users to mint stablecoins while collateralizing LSD.
In 2022, ListaDAO's predecessor, Helio Protocol, was established with the ambition to become the MakerDAO on the BNB chain. In July 2023, Helio Protocol merged with Synclub, a collateralization and liquidity staking provider on the BNB chain, and launched the LSDFi Foundation. In August 2023, Binance Labs invested $10 million in Helio Protocol to facilitate its transformation into a liquidity staking platform.
Binance Megadrop is a new token issuance platform that includes airdrops and Web3 tasks. Users can subscribe to BNB locking products and/or complete tasks in their Web3 wallets to earn rewards from selected Web3 projects before their tokens are listed on the market.
For more details, visit: https://www.binance.com/en/support/announcement/introducing-lista-lista-on-binance-megadrop-lock-your-bnb-and-complete-web3-quests-for-airdrop-1d721573862848678686e1b310ba80fc
#ListaDao #BinanceLabs #bouncebit $BB
In Phase 1, completing the basic tasks on BounceBit could earn you 79 tokens, with the token's highest value reaching around 50U.
For Phase 2, the Binance Megadrop project introduces ListaDAO, a LSDFi project within the BNB ecosystem, focusing on collateralized debt positions (CDPs) and liquidity staking. ListaDAO allows users to mint stablecoins while collateralizing LSD.
In 2022, ListaDAO's predecessor, Helio Protocol, was established with the ambition to become the MakerDAO on the BNB chain. In July 2023, Helio Protocol merged with Synclub, a collateralization and liquidity staking provider on the BNB chain, and launched the LSDFi Foundation. In August 2023, Binance Labs invested $10 million in Helio Protocol to facilitate its transformation into a liquidity staking platform.
Binance Megadrop is a new token issuance platform that includes airdrops and Web3 tasks. Users can subscribe to BNB locking products and/or complete tasks in their Web3 wallets to earn rewards from selected Web3 projects before their tokens are listed on the market.
For more details, visit: https://www.binance.com/en/support/announcement/introducing-lista-lista-on-binance-megadrop-lock-your-bnb-and-complete-web3-quests-for-airdrop-1d721573862848678686e1b310ba80fc
#ListaDao #BinanceLabs #bouncebit $BB
🚀U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support
The U.S. House of Representatives passed the "21st Century Financial Innovation and Technology Act" (FIT21) with a vote of 279 to 136. Seventy-one Democrats and 208 Republicans voted in favor, while three Republicans and 133 Democrats opposed. The passage of this bill marks the most significant legislative achievement for the cryptocurrency industry in Congress, and it will now move to the Senate for a vote.
FIT21, primarily driven by House Republicans, aims to establish regulatory frameworks for the U.S. cryptocurrency market, introduce consumer protections, designate the Commodity Futures Trading Commission (CFTC) as the primary regulatory authority for digital assets and non-securities spot markets, and provide clearer definitions for the standards that classify cryptocurrencies as securities or commodities.
Note: In the United States, legislation typically needs to pass through both the House of Representatives and the Senate, two chambers of Congress, to become law.
#FIT21 #CFTC #SECCryptoRegulation $BTC
The U.S. House of Representatives passed the "21st Century Financial Innovation and Technology Act" (FIT21) with a vote of 279 to 136. Seventy-one Democrats and 208 Republicans voted in favor, while three Republicans and 133 Democrats opposed. The passage of this bill marks the most significant legislative achievement for the cryptocurrency industry in Congress, and it will now move to the Senate for a vote.
FIT21, primarily driven by House Republicans, aims to establish regulatory frameworks for the U.S. cryptocurrency market, introduce consumer protections, designate the Commodity Futures Trading Commission (CFTC) as the primary regulatory authority for digital assets and non-securities spot markets, and provide clearer definitions for the standards that classify cryptocurrencies as securities or commodities.
Note: In the United States, legislation typically needs to pass through both the House of Representatives and the Senate, two chambers of Congress, to become law.
#FIT21 #CFTC #SECCryptoRegulation $BTC
AI Company Rabbit Accused of Orchestrating an NFT Scam Named Gama
According to Cointelegraph, YouTube investigator Stephen Findeisen, known as "Coffeezilla," has accused the artificial intelligence (AI) company Rabbit of orchestrating a scam and attempting to conceal its history.
Yesterday, Findeisen released a video on his Coffeezilla channel exposing Rabbit AI's involvement in the NFT sector. He pointed out that the company was previously known as Cyber Manufacture Co. and raised $6 million for an NFT project called Gama. However, years later, Rabbit AI's founder and CEO, Jesse Lyu, has distanced himself from cryptocurrency and the company's former image.
Findeisen highlighted a Discord statement from Lyu, in which he claimed the company would "never touch cryptocurrency." Lyu explained that Gama was just a "fun little project" he was involved in during the COVID-19 pandemic. Lyu stated that after the game they developed became open source, he left the project. Despite Lyu downplaying Gama as a minor project, Findeisen released recordings of Lyu outlining their grand vision for the NFT venture. In the recordings, Lyu stated they were investing millions into the project to ensure Gama became "a new level of experience." Due to Lyu's commitments, Findeisen questioned where the $6 million raised for the Gama project was spent. According to Coffeezilla, the company claimed these funds were solely for the NFT project. Nonetheless, Coffeezilla argued that this should still concern Rabbit, as it is built on the remnants of the Gama project. Findeisen also emphasized that the company's popular R1 product has been excessively hyped.
#NFT #Fraud
According to Cointelegraph, YouTube investigator Stephen Findeisen, known as "Coffeezilla," has accused the artificial intelligence (AI) company Rabbit of orchestrating a scam and attempting to conceal its history.
Yesterday, Findeisen released a video on his Coffeezilla channel exposing Rabbit AI's involvement in the NFT sector. He pointed out that the company was previously known as Cyber Manufacture Co. and raised $6 million for an NFT project called Gama. However, years later, Rabbit AI's founder and CEO, Jesse Lyu, has distanced himself from cryptocurrency and the company's former image.
Findeisen highlighted a Discord statement from Lyu, in which he claimed the company would "never touch cryptocurrency." Lyu explained that Gama was just a "fun little project" he was involved in during the COVID-19 pandemic. Lyu stated that after the game they developed became open source, he left the project. Despite Lyu downplaying Gama as a minor project, Findeisen released recordings of Lyu outlining their grand vision for the NFT venture. In the recordings, Lyu stated they were investing millions into the project to ensure Gama became "a new level of experience." Due to Lyu's commitments, Findeisen questioned where the $6 million raised for the Gama project was spent. According to Coffeezilla, the company claimed these funds were solely for the NFT project. Nonetheless, Coffeezilla argued that this should still concern Rabbit, as it is built on the remnants of the Gama project. Findeisen also emphasized that the company's popular R1 product has been excessively hyped.
#NFT #Fraud
Trump Campaign Officially Announces Acceptance of Cryptocurrency Donations
On Tuesday, the Trump campaign officially announced that it will begin accepting cryptocurrency donations. Supporters can donate using "any cryptocurrency accepted through the Coinbase Commerce product."
The campaign stated, "The limits and disclosure requirements for cryptocurrency donations will adhere to Federal Election Commission regulations" (CNBC).
Previously, on May 9th, Donald Trump announced that he is accepting cryptocurrency contributions for his U.S. presidential campaign. Trump remarked, "Biden doesn't even know what cryptocurrency is. If you like cryptocurrency, you better vote for Trump."
Trump also promised to end America's hostility towards cryptocurrency and embrace it.
#Trump
On Tuesday, the Trump campaign officially announced that it will begin accepting cryptocurrency donations. Supporters can donate using "any cryptocurrency accepted through the Coinbase Commerce product."
The campaign stated, "The limits and disclosure requirements for cryptocurrency donations will adhere to Federal Election Commission regulations" (CNBC).
Previously, on May 9th, Donald Trump announced that he is accepting cryptocurrency contributions for his U.S. presidential campaign. Trump remarked, "Biden doesn't even know what cryptocurrency is. If you like cryptocurrency, you better vote for Trump."
Trump also promised to end America's hostility towards cryptocurrency and embrace it.
#Trump
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