Oddbean new post about | logout

Notes by Crypto's Truth | export

 PolitiFi memecoins outperform wider crypto market as BODEN and TRUMP lead the way.
https://www.tbstat.com/wp/uploads/2019/07/Joe-Biden-2-1200x675.jpg?isSafari=false&isMobile=false 
 Proposal for Hashdex's Ethereum ETF has been withdrawn.
Nasdaq posted a notice of withdrawal on Tuesday, a week after the U.S. Securities and Exchange Commission approved 19b-4 forms for eight Ethereum ETFs, excluding Hashdex.
The fund planned to invest in ether, ether futures contracts listed on the CME, cash and cash equivalents.
https://www.tbstat.com/wp/uploads/2024/05/20240523_Ethereum_News_5-1200x675.jpg?isSafari=false&isMobile=false 
 85-year-old disbarred attorney admits role in $9.5 million crypto Ponzi scheme.
https://www.tbstat.com/wp/uploads/2023/04/20230412_Legal_Generic_2-1200x675.jpg?isSafari=false&isMobile=false 
 Hidden Road halts client access to Bybit over anti-money laundering, KYC issues.
https://www.tbstat.com/wp/uploads/2024/05/20240507_Bybit_News_2-1200x675.jpg?isSafari=false&isMobile=false
 
 MASTERCARD CRYPTO CREDENTIAL LAUNCHES WITH "FIRST PEER-TO-PEER PILOT TRANSACTIONS".

Mastercard says wider availability will roll out to more than 7 million users across participating exchanges.
https://bitcoinmagazine.com/.image/ar_215:100%2Cc_fill%2Ccs_srgb%2Cg_faces:center%2Cq_auto:good%2Cw_2560/MjA2NzgwMTI0MzA4MTg2MzE2/mtg0odeznzy0mju0njm5mji0.webp
 
 Tokenization platform Fortunafi raises funds at $48 million valuation, unveils stablecoin protocol Reservoir.
https://www.tbstat.com/wp/uploads/2022/08/20220822_Funding_Generic1-1200x675.jpg?isSafari=false&isMobile=false 
 OpenAI's Sam Altman and Argentinian President Javier Milei discuss Worldcoin investment.

OpenAI founder Sam Altman and Argentinian President Javier Milei met in San Francisco and discussed a Worldcoin investment in the South American country, among other things.
https://www.tbstat.com/wp/uploads/2024/02/20240220_Wordlcoin_News_3-1200x675.jpg?isSafari=false&isMobile=false 
 Ethereum targets US$4,500 with ETFs and should favor Bitcoin's rally with ETH's rival on the brink.

Prices were falling with the movement of US$ 7 billion in Mt. Gox portfolios, but new highs remain on the radar.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/storage/uploads/view/063f4009a31428df4e813a63b90910f7.jpg 
 Former FTX exec sentenced to 7.5 years in prison after guilty plea.

After Sam Bankman-Fried, Ryan Salame is one of the first individuals connected to FTX and Alameda Research to receive prison time.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/uploads/2024-05/23bf155c-0150-4655-89bb-38036b84c4e8.jpg 
 Indian Citizen Faces 20 Years in US Prison for Stealing Crypto in $37M Coinbase Spoofing Scam.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/coinbase-spoofing.jpg 
 Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/muhamad-mizan-bin-ngateni-.jpg 
 Xapo CEO Seamus Rocca Describes Xapos' Proposition, Talks US Regulation, Emerging Markets, and Stablecoins.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/gdgdgdjfkjjj.jpg 
 Nigeria Increases Capital Requirements for Currency Dealers Nearly Sixtyfold to $1.4 Million.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/shutterstock_2083613065.jpg 
 Spot Ether ETFs Are Approved, But Gary Gensler Didn't Vote for Them.

Unlike spot Bitcoin ETFs, which were approved by vote of a five-member committee including SEC chief Gary Gensler, spot Ether ETFs were approved by the SEC's Division of Trading and Markets.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/uploads/2024-05/32c3f3e3-0392-4f09-8ce3-1a164187502a.jpg 
 Ethereum ETF Approval Could See $500M Inflow From Institutional Investors, According to OKX.
https://academy-public.coinmarketcap.com/optimized-uploads/f4fc59baa39d4b799221721f32571894.png 
 Scarpa reacts after Bigode ‘offers’ Xland cryptocurrencies on FTX as collateral: ‘Don’t even come if you don’t have it’.

Meia do Galo used social media to anticipate a negative response to the proposed agreement made by the Santos player, a former teammate at Palmeiras.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/storage/uploads/view/67fd723de66f904542441cf59190e764.jpg 
 Ethereum ETF approved so why aren’t we rich yet?

Crypto commentators suggest there could be two reasons why the price of ETH hasn’t rocketed in the wake of spot Ether ETF approvals.
https://coinhangar.com/wp-content/webp-express/webp-images/uploads/2024/05/Hong-Kongs-Bitcoin-and-Ethereum-Spot-ETFs-Coming-to-Singapore.png.webp 
 Ether ETFs took a major step toward becoming available in the U.S. as the SEC approved key regulatory filings. Ether ETFs Clear Major Hurdle, Though SEC Hasn't Cleared Them for Trading Yet.
https://www.coindesk.com/resizer/m6fhK59ZDBRwcLHZyriA0YlNwoU=/2112x1188/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/SE3JFYZYNFFODAGNQIC7JRZFS4.JPG 
 While the 19b-4 forms could get approved today, it’s likely the S-1 forms won’t go effective for a number of weeks, one source said, which will delay trading until that happens.
https://www.tbstat.com/wp/uploads/2023/08/20230522_HistoryOfEthereumRoadmap_News-1200x675.jpg?isSafari=false&isMobile=false 
 ‘Asia’s MicroStratey’, Metaplanet, Crushes All Other Japanese Stocks.

Trading in Metaplanet shares has been halted for two straight days under Tokyo Stock Exchange rules as its shares have soared over the past week.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/uploads/2024-05/385c9537-a2c7-4043-9730-f680c85a9c31.jpg 
 Florida's First District Court of Appeal vacated an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US, according to a May 22 court document.
https://criptonizando.com/wp-content/uploads/2022/08/binance-1-1-750x375.jpeg 
 Analyst: Gold Demand From China Continues Supporting the Bull Market.
Jan Nieuwenhuijs, a gold market analyst, has assessed the state of the gold market, reporting that growing demand from both the private market and the People’s Bank of China (PBOC) has been instrumental in the rise of gold prices. Chinese private investors purchased 543 tonnes during Q1, while the PBOC acquired 189.
 
 President Biden's campaign team is hiring a meme master.
The successful candidate will be responsible for “engaging the internet’s top content and meme pages.”
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/uploads/2024-05/70c26396-b331-4973-9e81-a77d8f8e4cf5.jpg 
 Zeneca’s portfolio peaked at $20M — and he has ‘2021 vibes’ again: NFT Collector.
But 99.9% of ETH NFTs are "not coming back" says Zeneca, whose portfolio hit $20M at the peak of the last bull run.
https://s3.magazine.cointelegraph.com/magazine/wp-content/uploads/2024/05/magazine-NFT-Collector-Zeneca-1024x576.jpg 
 MetaMask, the most-used Ethereum wallet, is working to integrate native bitcoin (BTC), according to two people familiar with the matter.
https://www.coindesk.com/resizer/ww42GXWj5omZHujH5IOZH7c2L6o=/2112x1406/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NKQG5TSJ4NDSXGW4OHSSMTSIGI.jpg 
 Degen token rises 17% with Farcaster's $150 million Series A investment round.

Farcaster, blockchain's answer to traditional social media, has raised $150 million in a Series A funding round led by Paradigm, sending a community token upwards.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/uploads/2024-05/41ef78a9-055b-44d7-a2cc-c03f9d5b5ca3.jpg 
 Why the Crypto Market Is Betting on Spot-Ether ETFs?
https://coingape.com/wp-content/uploads/2024/02/Ethereum-ETF.jpg 
 On May 21, with the potential approval of several spot ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Grayscale’s Ethereum Trust (ETHE) saw its discount to net asset value (NAV) reach its lowest point since 2021.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/ghlio780.jpg 
 Godzilla vs. Kong: SEC faces fierce battle against crypto’s legal firepower. The U.S. Securities and Exchange Commission’s legal battles against cryptocurrency firms, once likened to David versus Goliath, now resemble Godzilla versus King Kong, given the industry’s growth to a $2.5-trillion market.
https://s3.magazine.cointelegraph.com/magazine/wp-content/uploads/2024/05/magazine-Crypto-Godzilla-1024x576.jpg 
 CFTC Commissioner Summer Mersinger on Overzealous Crypto Regulation and the Need for Legislative Action.

The commodities regulator has been clear about the dangers of regulating a burgeoning industry through enforcement actions.
https://www.coindesk.com/resizer/ic0bU9QfyELQdSMPMbZP5PT1j6Q=/1056x594/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YWFREDUGHFG6LDA7ST5RM4P2W4.jpg 
 Market Analyst Michael Oliver: Gold Is Entering a 'Generational Event' Bull Market Trend.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/4bf49c56-ccdc-4853-b154-003b76731c2f.jpg 
 Kraken, a U.S.-based cryptocurrency exchange, insists it will keep USDT listed in European markets as long as regulations regarding stablecoins are not finalized. Mark Greenberg, Global Head of Kraken’s Asset Growth and Management Business, clarified they will “continue to look at all options to offer USDT under the upcoming regime.”
https://static.news.bitcoin.com/wp-content/uploads/2024/05/ae2894a7-7b88-454d-938e-f7f882376ff9.jpg 
 Jack Dorsey’s Technology Expands in Africa With Chipper Cash.
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i1.MnoltIGZs/v1/2000x1333.jpg 
 NY Attorney General Secures $2 Billion Settlement With Bankrupt Crypto Lender Genesis.
https://longislandbusiness.com/wp-content/uploads/2024/05/shutterstock_2229721899-702x459.jpg 
 62 Crypto Projects Raise $474M in 20 Days, Led by Sophon and Securitize.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/h89990000.jpg 
 US Authorities Arrest Chinese Nationals Allegedly Behind Crypto Scam Network.
https://gazettengr.com/wp-content/uploads/Untitled-1-333.png 
 Crypto Mining Surge and Erratic Weather Strain Laos' Power Grid.

A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a hydropower exporter in Southeast Asia.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/rainnnnns.jpg 
 Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains. Softer U.S. inflation figures and big institutional interest in the spot bitcoin ETFs helped turn sentiment around.
https://www.coindesk.com/resizer/NcwcgrbbM6FjNMlJxNfzYqYbmjs=/1056x792/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AG6BEHKKAFE4RIH4INUGGCY5P4.jpg
 
 Over 80% of recent token listings on Binance are bleeding red. Most newly launched tokens function as “exit liquidity” for insiders who capitalize on the lack of retail access, due to their high initial FDV.
https://s3.cointelegraph.com/uploads/2024-05/01dfc97f-9c0f-40e3-8130-f9a0c93bba60.jpeg 
 DTCC, Chainlink Complete Pilot to Accelerate Fund Tokenization with JPMorgan, Templeton, BNY Mellon Participating; LINK Gains 7%.

The aim of the Smart NAV pilot was to test a process to bring and disseminate fund data on multiple blockchains, a key step for tokenization.
https://www.coindesk.com/resizer/o1rAp9IE2cYCD3oWWomulAJAXxg=/1056x594/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KXRVBGWDBJF33GTOL2WVTDQ6AQ.jpeg 
 🇫🇷 French Securities Regulator Warns Investors Against Crypto Exchange Bybit. The exchange has been blacklisted by the AMF since May 2022 for non-compliance with French regulations.
https://www.coindesk.com/resizer/19qiOwmocATeWNqifX6HshHYZa8=/2112x1408/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GKYK774KKNBMPBXK6PLPD6W24Q.jpg 
 Circle, the company responsible for issuing the USDC stablecoin, is preparing to move its regulatory headquarters from Ireland to the United States. Although the company has not reported this, analysts speculate that Circle may be looking to go public.
https://criptonizando.com/wp-content/uploads/2022/09/Presidente-do-FED-nao-acredita-no-Bitcoin-e-diz-que-dolar-permanecera-dominante-4-750x375.jpg 
 Brothers arrested after DOJ says they stole $25 million in crypto in 12 seconds in Ethereum blockchain attack.
https://www.tbstat.com/wp/uploads/2019/05/scales-1200x675.jpg?isSafari=false&isMobile=false 
 Intent-centric DeFi protocol Shogun raises seed round at $69 million token valuation.
https://www.tbstat.com/wp/uploads/2022/08/20220811_July_Funding_Roundup-1200x675.jpg?isSafari=false&isMobile=false 
 UK cannabis millionaire’s legal ‘deals on wheels’ via crypto.

Maximillian White, owner of Europe's largest medical marijuana business, is now embracing crypto and blockchain.
https://s3.magazine.cointelegraph.com/magazine/wp-content/uploads/2024/05/magazine-Journeys-Maximillian-White-cannabis-millionaire-launches-NFT-deals-on-wheels-1024x576.jpg 
 House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources. Critics of the SEC bulletin argue it constrains companies unfairly.
https://www.coindesk.com/resizer/8SPP_5Bv0AivUakmMcaw4aT3gz4=/1056x594/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NWG7S45VV5GP5B3XQ6Y2MUC6IU.jpg 
 Crypto investors have flocked to unofficial GameStop memecoins because they're jumping on any “sign of hope they can,” say traders.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=717/https://s3.cointelegraph.com/uploads/2024-05/900f4f80-d7df-483e-9110-b1bb864efd2c.jpg 
 Stablecoin issuer Circle to make US legal home ahead of listing.
https://www.ledgerinsights.com/wp-content/uploads/2022/12/circle-usdc.jpg 
 Leading Trader Criticizes Worldcoin’s 'Predatory' Tokenomics, Labels WLD a Fake $60B AI Coin.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/worldcoin-1.jpg 
 U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base.

President Biden ordered a halt to the MineOne operation near Warren Air Force Base, citing Chinese ownership, foreign technology and proximity to a strategic missile base.

The White House says a Chinese crypto-mining operation set up shop within a mile of a U.S. nuclear missile base without getting proper clearance.
https://www.coindesk.com/resizer/CUgbkZOtnpF8ZEhuZzgeI5nMRb8=/2112x1188/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/22YHMRLBZVFOHIR5GG6P6Q6EQM.jpg 
 Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day. Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=717/https://s3.cointelegraph.com/uploads/2024-05/51d8a38a-2385-409d-b4d8-a3671d7c660d.jpg 
 GameStop's Halting Rally Has Crypto Howling. The U.S. stock market has circuit breakers that halt shares sometimes as a safeguard. That's funny to crypto folks.
https://www.coindesk.com/resizer/jmy0vP0yb11HhYAFQXtC2uT63No=/2112x1188/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4XGX6HECURERDCOFXZTONZHCPQ.jpg 
 Crypto Teams May Exit Space Due to Ethereum Security Classification, Amina Bank Report Suggests.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/ethers.jpg 
 Mark Cuban Blasts SEC’s Crypto Regulation, Advocates for Japan’s Approach.
https://public.bnbstatic.com/image/pgc/202405/fe59bf9556618ac665863d1c3b92b362.jpg 
 Ark Invest Removes Staking Option From Latest Ethereum ETF Proposal.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/ark.jpg
 
 US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/fit21-house-vote.jpg 
 India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/india-binance-kucoin.jpg 
 While encouraging investors to “Take advantage of what could be the biggest precious metals bull market in history,” Schiff calls bitcoin “dead money,” expecting outflows from spot bitcoin exchange-traded fund.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/schiff-bull-market-for-gold-and-silver.jpg 
 ECB's Joachim Nagel Urges Central Banks to Evolve: 'We Need to Work on Our Business Model'.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/digital-euro-joachim-nagel.jpg 
 Crypto Monthly Trading Volume Drops for First Time in Seven Months to $6.58T. Bitcoin, the leading cryptocurrency by market value, fell nearly 15% in April, ending a seven-month streak.
https://www.coindesk.com/resizer/H46c-2qE_hk1EqNcSzhp1ERdxvk=/1056x483/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BKOGBXYXNZEODPSDCOWMNI2RSE.png 
 Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/sec-terraform-labs-do-kwon.jpg 
 VanEck's MarketVector Starts Index to Track the Largest Meme Coins. The index contains a variety of dog-themed coins and other popular meme tokens.
https://www.coindesk.com/resizer/b-1rpOZGh8KXk3YXtRNBKB0QsGc=/1056x594/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/73X6DACWJZC4HMKXKLYS2RTWPA.jpg
 
 The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish.
https://www.coindesk.com/resizer/iD3zjc8dJ59oAVs0py0X1t_SkNU=/2112x1584/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YQDH6YMZ3REDTMIAI4CL7MGVH4.jpg 
 Indonesian Authorities Bust Synthetic Marijuana Lab Supported by Crypto. The syndicate had been operating for six months before being apprehended last week.
https://www.coindesk.com/resizer/YRen70x3sre5a1dgYNRJ-o1pCEI=/1056x594/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WBLSAXHJTJDPZBU53KVUBQ2N4Y 
 QCP Capital, one of the largest options trading desks for digital assets, wins initial approval to operate in Abu Dhabi.
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/istxMS1WntPg/v1/2000x1334.jpg 
 U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortion.
https://tehtris.com/wp-content/uploads/2023/06/20230131-USECASE-lockbit-1.jpg 
 India Proposes CBDC That Can Function Offline.
The country has been testing both wholesale and retail CBDCs, and last year tested the use of the digital rupee in contactless payments.
https://www.pymnts.com/wp-content/uploads/2021/07/india-cbdc.jpg?w=620 
 Revolut has announced its new Revolut X crypto trading platform for UK retail users, which it claims offers low fixed fees and easy fiat-to-crypto conversion.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=717/https://s3.cointelegraph.com/uploads/2024-05/b5090cfd-20d6-4bef-8121-83a44565966b.jpg