Former FTX executive Ryan Salame will be sentenced on May 28 after pleading guilty last September. Judge Lewis A. Kaplan of the Southern District of New York will decide how long Salame should serve for making illegal political donations at the direction of FTX founder Sam Bankman-Fried. Salame also pleaded guilty to conspiracy charges related to operating an unlicensed money transfer at Alameda Research. It was stated that Salame acted as a straw donor for Bankman-Fried's political lobbying and made at least 300 contributions to US bipartisan campaigns. The initial date for Salame's sentencing was May 1, but the reasons for the change are unclear. Other Bankman-Fried comrades are also awaiting prison sentences. Bankman-Fried was convicted last year of seven crimes, including fraud. Judge Kaplan sentenced Bankman-Fried to 25 years in prison and ordered him to repay over $8 billion stolen from his companies. FTX owes nearly $16 billion to more than 36,000 customers. Bankruptcy administrators, led by new CEO John J. Ray III, continue to recover assets and funds to pay creditors. Ray and his team hope to pay creditors 90% of the recovered wealth. However, creditors are unhappy with the firm's decision, with it deciding to pay the asset value derived from the period when the bankruptcy was declared in November 2022. 📉

Cantor Fitzgerald CEO Howard Lutnick announced his support for crypto stablecoins and the tokenization of financial assets. Lutnick stated that strongly backed stablecoins such as Tether and Circle contribute positively to the US economy and do not pose systemic risks. He also focused on the advantages of blockchain technology in finance, predicting the primary tokenization of financial assets in the next 10 years. However, Lutnick expressed concerns about central bank digital currencies (CBDCs). 📉#cryptocurrency#blockchain

MANTRA's Hongbai Incentive testnet was launched to integrate traditional and defi markets through Real World Asset tokenization. This marks an improvement on MANTRA's use of RWA tokenization on a layer 1 blockchain dedicated to security. 🚀 After the first testnet phase in November 2023, the project is targeting a wider audience to refine RWA tokenization and expand its ecosystem by attracting users, developers and enterprise players. Testnet gives developers access to modules designed for compatibility. Participants can attend events on GALXE to receive a portion of the 50 million OM allocated for the mainnet launch.

Multi-chain staker and validator P2P.org announced its Staking-as-a-Business service for institutional players. The startup's total value locked (TVL) exceeds $7.4 billion, and P2P.org has more than one million staked Ether (ETH). The company now offers SaaB to businesses such as custodians, crypto exchanges, and wallet providers to accelerate growth. P2P.org provides SaaB services on Ethereum and 35 other decentralized networks such as Kusama and Solana. Staking is the act of locking up digital assets and earning income or pass-through income without liquidating crypto tokens. 📉

The airdrop announcement of the "move-to-earn" project STEPN caused a drop in the price of its native token GMT. According to CoinMarketCap data, Green Metaverse Token (GMT) is trading at $0.29, down 6.5%. At the same time, investors increased GMT trading by 31% in the last 24 hours to $124.5 million. The price drop occurred right after STEPN announced the airdrop. The project team will distribute 100 million FSL bonus points, which can be converted into GMT tokens at a 1:1 ratio. 🚨 This airdrop aims to reward users who own NFT sneakers.

Solana's meme coins continue to attract attention and traders think Slothana is about to explode. The project is in presale, having raised $10 million in its first two weeks, which is a faster success than other Solana meme coins. Analysts predict that Slothana will bring huge profits. 🚀 The project, which is also featured by leading media organizations, lays the foundations for an explosive IEO. But could Slothana's early momentum make it the next millionaire meme coin? There are rumors about this. However, it is necessary to act quickly in order not to miss the pre-sale.#cryptonews#Solana #Slothana

Hong Kong-based First Digital Trust's stablecoin FDUSD is now expanding to the Sui network after Ethereum and BNB Chain. While FDUSD's market value exceeded $3 billion, Binance's promotional campaign played an important role in this increase in popularity and usage. 🚀 FDUSD has been integrated into the Sui network, becoming a pioneer in issuing a leading stablecoin on this network. This step also eliminates inefficiencies associated with transferring stablecoins from other blockchains to Sui. This eliminates users having to pay additional fees and the potential risks of using bridges for such transfers.

The US consumer price index for March was 3.5% and Bitcoin reacted with a decline. Bitcoin (BTC) experienced a sharp decline, falling to around $67,500. According to the U.S. Department of Labor, monthly inflation accelerated significantly from February at 0.4%. Bitcoin's price dropped below $68,000 immediately after inflation data was released. According to CoinGlass data, liquidations reached $311 million. Currently, BTC is trading at around $67,700, recovering slightly from its sharp decline. 📉

A comprehensive guide on selling Bitcoin (BTC) has been published. Cryptocurrencies experienced a remarkable comeback in 2024, attracting many investors with huge profits. Some, like Bitcoin, have surpassed previous all-time highs and are selling at record prices. Therefore, many crypto enthusiasts may be eager to explore ways to convert their digital assets into cash. The guide has been prepared to answer your questions if you are wondering when and how you can sell Bitcoin. 📈

The Australian Securities and Investments Commission (ASIC) has appealed the federal court's decision dismissing civil penalty proceedings against Finder Wallet Pty Ltd. ASIC filed a lawsuit alleging that Finder Wallet was providing unlicensed financial services. However, the Federal Court rejected ASIC's claims because it failed to establish that the Finder Earn product was a security. ASIC appealed this decision and stated that it was concerned that the Finder Earn product was offered without appropriate licensing or authorisation. 🏛️#cryptocurrency#ASIC #FinderWallet

While the crypto market was in a bearish trend ahead of the US Consumer Price Index (CPI) report, stocks closed on a green day. According to CoinGecko data, the global crypto market cap has fallen 2.1% in the last 24 hours and currently stands at $2.72 trillion. Leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) are down slightly following a short-term bullish momentum on April 9. BTC is down 2.6% in the last 24 hours and is currently trading at $68,900. ETH is down 3.3% in the last day and is trading at $3,510 at reporting time. This downward trend comes ahead of the release of March 2024 US CPI data on April 10. "If the announced readings are exactly as expected, it will increase the likelihood of a rate cut in June," said Ryan Lee, chief analyst at Bitget. On the other hand, the stock market had a green day on April 9. For example, the S&P 500 gained 7.52 points, 0.14%, and stands at 5,209.91. 📉

Marathon CEO Fred Thiel suggested that Bitcoin's upcoming halving may have been priced in part due to the success of spot ETF approvals. Thiel attributed Bitcoin's recent rise to all-time highs in part to the approval of spot exchange-traded funds (ETFs) drawing more capital into the market. Thiel stated that there may be more growth potential after the halving. Bitcoin has experienced a 60% increase in price value since the beginning of 2024. Thiel estimates that Marathon will face a cost of around $46,000 per Bitcoin to maintain profitability after the halving. 📉

Bitcoin Cash (BCH) crossed the psychological threshold of $700 and showed bullish momentum post-halving. On the other hand, Borroe Finance (ROE) has emerged as a strong Aave competitor poised for significant growth with a strong pre-sales performance. 🚀 Borroe Finance shows that demand for ROE is increasing, with more than 278 million coins purchased. ROE allows users to enjoy premium features such as rewards and incentives. Borroe Finance has deflationary tokenomics thanks to its token burning strategies, and its price is expected to continue rising due to decreasing supply and increasing demand. This moves Borroe Finance among the top cryptocurrencies. Bitcoin Cash surpassed the $700 threshold post-halving event, increasing open interest, a bullish indicator of how eager investors are to join a network.

Google Cloud launches EigenLayer mainnet node operator! 🎉 Web3 product manager Sam Padilla congratulated the EigenLayer team on a successful mainnet launch. Google Cloud had previously joined EigenLayer's "Operator Working Group". Google Cloud web3 is currently listed as a node operator on the Goerli testnet for EigenLayer, a restaking protocol that allows staking ether (ETH) on several platforms simultaneously. However, operators that increase security and allow stakers to transfer assets have been present on the testnet so far. The launch of Google Cloud's mainnet operator is a critical step towards realizing EigenLayer's true vision. Google Cloud has been steadily moving towards Web3 since Bloomberg first announced that it was launching a blockchain arm in 2022. Google Cloud has previously shown interest in staking as a Polygon validator. However, the tech giant has made a relatively modest investment: Google Cloud has the second-smallest stake among more than 100 validators. Google Cloud's entry into web3 has caused controversy, with some seeing the existence of the major cloud computing service as a major blow to decentralization.

As the cryptocurrency market fluctuates, Arbitrum (ARB) and Polygon (MATIC) have faced significant challenges. In this struggle, a new player, Milei Moneda (MEDA), has emerged as a haven for investors. 📉

March 2024 was marked by a token unlocking frenzy, with Arbitrum releasing 87.20% of ARB tokens. This caused a 30% drop in ARB's price and raised concerns about its future journey.

Polygon encountered similar problems. Despite the Naples upgrade, MATIC price has fallen 30% in the last 30 days and 51% of investors have suffered losses. Polygon's Total Locked Value also dropped to $1 billion.

In this case, Milei Moneda has emerged as a haven for investors while top altcoins such as ARB and MATIC are struggling. MEDA's pre-sale is currently ongoing, offering investors the chance to purchase tokens at a price of $0.0125 per token. This presents an attractive opportunity for early investors, and MEDA is planned to launch on Uniswap at $0.020 per token.

The Hong Kong Securities and Futures Commission is reportedly ready to approve a spot Bitcoin exchange-traded fund. The regulator, which initially planned to approve only four spot Bitcoin ETFs, announced that at least two applications did not meet crypto asset management requirements in Hong Kong. The timing and buyers when the first spot Bitcoin ETFs will be authorized are still unclear. Many Hong Kong-based companies and mainland custodians have shown interest in launching spot crypto exchange-traded funds. 📉

Nervos Network's native token CKB reached its highest price level in three years despite the bearish trend in the crypto market. CKB is trading at $0.035, increasing by 13.2% in the last 24 hours. Its market capitalization rose to $1.55 billion, making it the 69th largest cryptocurrency. CKB's daily transaction volume increased by 2.6% and reached 313 million dollars. CKB's total open interest (OI) fell 6.8% in the last day, falling from $70.17 million to $65.38 million. At this point, decreasing OI suggests lower price volatility for the asset. CKB's RSI value increased from 69 to 73 in the last day. The indicator suggests that the asset is slightly overbought at its current price point and some profit-taking activity is to be expected. 📉

Kelexo's (KLXO) lending platform pre-sale is drawing significant attention from Aave investors and Ethereum whales, challenging Aave's dominance in the crypto lending space. 🐳 Aave's price has fallen 11% in the last week, but the trading volume trend has increased by 30% in the last day, indicating that recovery may be around the corner. Ethereum has also recorded negative price movements in the last week and month. However, investors are benefiting from this decline. Ethereum whales are taking large positions in the Kelexo presale, believing that it will enrich their portfolios and maximize returns in Q2 due to the nature of Kelexo. Kelexo emphasizes transparency and decentralization. The pre-sale is still ongoing and tokens are offered at a discounted price of $0.05.

Blockchain security startup CertiK stated that Telegram's desktop application poses a risk due to its automatic media download feature. However, the social network denied these claims. CertiK claimed there was a high-risk vulnerability in images and videos sent on Telegram's private messaging app. Users are warned to turn off automatic download settings to mitigate attacks. However, the security vendor did not explain how it reached this conclusion. Telegram has refuted claims that its more than 800 million users worldwide could be compromised if automatic media downloads are turned on. The platform added that participants do not report instances of remote code execution (RCE). Although CertiK's claim is controversial, it recommended users turn off automatic media downloads to ensure maximum security on the desktop application. 🚫#CryptoNews

The US Treasury Department aims to increase its oversight over cryptocurrency service providers, including foreign ones. Deputy Minister of Finance Adewale O. Adeyemo stated that terrorist groups and countries sanctioned by the USA use cryptocurrencies for financing. Adeyemo hopes they will approve the secondary enforcement tool for foreign digital asset providers that facilitate illicit transactions. He also wants to prosecute foreign-based crypto platforms that threaten national security by abusing the US financial system. 🕵️‍♀️