Ayil Francis (@ayilfrancis) • Hey
Love peace and willing not to make anything disturb it
Publications
- 🚨🚨🚨 🇺🇸 SEC looks to end Ethereum staking through MetaMask in new lawsuit
The SEC has filed a new lawsuit against Consensys for alleged violations of federal securities laws. The complaint centers on Consensys’s MetaMask wallet services, specifically the Swaps and Staking features, which the SEC claims have been operating as unregistered broker services since October 2020 and January 2023, respectively. The SEC asserts that Consensys has collected over $250 million in fees from these activities without providing necessary investor protections.🤦🤦🤦
- 🚨🚨🚨 Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across 63 incidents. This figure is 25% lower than the $228.48 million that defi platforms lost in the second quarter of 2023.
In the second quarter of 2024, crypto losses attributed to 72 hacks and fraud totaled $572.7 million, according to the latest Immunefi Crypto Losses report. This figure is more than double the $265.5 million worth of digital assets lost to the same attack vectors during the corresponding period in 2023.
- 🚨🚨🚨 Wallets allegedly linked to US government move 3,940 bitcoins to Coinbase
Wallets thought to be associated with the U.S. government have moved a sizable portion of cryptocurrencies — specifically 3,940 bitcoins worth $241 million — onto Coinbase, according to on-chain sleuth Lookonchain. This comes just hours after the same pseudonymous researcher found evidence that the German government had moved 750 bitcoins. It is not uncommon for governments to sell or auction off crypto collected through criminal investigations or other asset seizures.
- ⚫️ Bybit has overtaken Coinbase to become the world's second-largest crypto exchange by trading volume.
Bybit’s market share rose from 8% to 16% and it could partly be attributed to Binance’s past regulatory issues, which caused Binance’s dominance to drop from 60% to 54%.
Bybit’s zero-fee trading for the USDC stablecoin, introduced in February 2023, may have also contributed to the increased trading volume.
- 🚨🚨🚨 🇩🇪 JUST IN: The German government is selling 📊Bitcoin again.
Today, they transferred 400 $BTC ($24 million) to Coinbase and Kraken exchanges, and another 500 $BTC to an unknown wallet‼️
- 🚨🚨🚨 🚨 CoinStats suspends app after security breach compromises 1,590 wallets
CoinStats, the crypto portfolio app, has temporarily shut down its application to address a security incident. The company stated the breach was limited to 1,590 wallets or 1.3% of all CoinStats Wallets.
The company reported that connected wallets and centralized exchanges (CEXes) were unaffected. CoinStats is also investigating a scam notification some iOS and Android users received.
- 🚨🚨🚨 Massive sell-off as Chainlink unlocks $300 million of LINK, sends to Binance
On June 21, Chainlink (LINK) vesting contracts unlocked 21 million non-circulating tokens worth nearly $300 million. This amount represents significant supply inflation, with notable economic effects that may impact its price as a sell-off occurs.
According to a SpotOnChain report, the team sent 18.75 million of the unlocked amount to a Binance deposit address. Hence, showing intent to sell nearly 88% of the inflated supply immediately, at a $265 million market value by reporting.
Moreover, the contract sent 2.25 million LINK to the multisig wallet 0xD50f, currently holding over 6 million LINK. This non-circulating supply address still has 391.5 million LINK for future unlocks, worth $5.4 billion, representing a threat.
- The following applicants filed an updated version of their S-1 spot Ethereum ETF application:
• Bitwise
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock
- 🚨🚨🚨 First Mover Americas: Bitcoin Falls Below $64K Following $900M in ETF Outflows
The latest price moves in crypto markets in context for June 21, 2024.
Bitcoin fell to its lowest in over a month during the European morning, slumping to $63,500. This is the first time BTC has dropped below $64,000 since mid-May. At the time of writing, the bitcoin price is around $63,900, a fall of 3.5% in the last 24 hours. The CoinDesk 20 Index (CD20), a measurement of the broader digital asset market, has dropped just under 2.3%, while ETH is down 2.25% at $3,500 and SOL has fallen almost 3.8% to $132.24.
- 🚀🚀🚀 : MicroStrategy has purchased 11,931 $BTC for approximately $786.0M❗️
They now possess over 226,331 $BTC at an average price of $36,798 per bitcoin.
- ‼️‼️‼️FTX victims asked the court to rule that the FTX’s $8bn in forfeited assets belong to customers, not the bankruptcy estate.
They argued that the bankruptcy code prioritizes certain creditors over others, such that holders of FTX’s FTT token are near the bottom of the priority listy
- https://www.layerzero.foundation/claim/
Congratulations to us all. Not much but an honest work
https://www.layerzero.foundation/claim/
- 🚨🚨🚨 SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case
The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of the civil penalty statutes.”
- 🚀🚀🚀🚀 🔥MicroStrategy plans to raise $700 million to buy bitcoin, instead of $500 million
MicroStrategy has increased the amount of its convertible senior notes offering to acquire BTC.
The company had previously planned to raise $500 million, now it plans to raise $700 million.
- 🚨🚨🚨 Bitcoin and Ethereum options expiring: a $2 billion earthquake ready to shake the market‼️
The crypto market is bracing for potential volatility as Bitcoin and Ethereum options with a notional value of $2.06 billion are set to expire on Friday. This massive expiration could cause fluctuations in BTC and Ether prices.
The crypto traders are in a stir as a true wave of Bitcoin and Ethereum options worth over $2 billion are set to expire today.
According to data, approximately 20,276 Bitcoin options contracts representing null.35 billion, with a very high maximum strike price of $68,500, are set to expire.
Simultaneously, no less than 201,647 Ethereum contracts worth $709.76 million, with a maximum strike price of $3,600, are also due to expire in a timing that is not coincidental.
- 🚀🚀🚀🚀 MicroStrategy issues $500M in convertible notes to buy more Bitcoin
MicroStrategy is set to offer $500 million in convertible senior notes due in 2032 to finance more Bitcoin acquisitions. This private offering targets qualified institutional buyers and seeks to bolster the company’s resources amid volatile market environments. As of June 13, MicroStrategy holds more than 1% of BTC’s circulating supply, equivalent to 214,400 BTC, valued at approximately $15 billion‼️
- 🚨🚨🚨President Biden’s re-election team is in talks about accepting crypto donations through Coinbase Commerce.
This comes a few weeks after Donald Trump began accepting crypto donations to his campaign.
- 🚨🚨🚨Why Bitcoin Price Dropped by ~7% to $66k Today
Bitcoin's sharp 5% decline to $67k today can be attributed to several factors:
⚫ The US Employment Report showed an increase of 272,000 jobs in May, indicating an overheating economy and reducing the likelihood of an interest rate cut this week
⚫ The macro data reaction caused over $250m worth of liquidations in traders' positions, pushing BTC price to $69k
⚫ A dormant Bitcoin whale transferred 8,000 BTC ($535.6m) to exchanges after 5.5 years
⚫ Bitcoin miners sold 1,200 BTC yesterday, the largest daily sale since the end of March
Despite the drop, there is an increase in calls to buy Bitcoin on social networks. Historically, when sell calls close the gap with buy calls, market panic and FUD set in, often leading to a cryptocurrency bounce.
- 🚨🚨🚨Global spot BTC ETFs currently hold over ~$72bn in Bitcoins, which is ~5% of the total BTC supply.‼️
- ❗️Gemholic allegedly stole $3.5 million from its users
Gemholic, a zkSync-based project, allegedly sucked $3.5 million from its users. Gemholic's funds were locked up for more than a year due to a contract error. On June 7, zkSync completed an update to v24, which fixed the problem and allowed access to the locked assets.
After the update, Gemholic's developers withdrew 921 ETH to the Ethereum network.
Gemholic's X account has been deleted. The developers also cleaned up their Telegram messages.
- ⚡️ Earndrop's Weekly Airdrop Claims & News
New airdrop claims & news directly at your disposal - $TKO Loopring, $SEI S2, $INTX, $APTR, $ZKL
On top of the list this week - zkSync's road to decentralization 👀
👇 Let's start with the Airdrop Claims:
https://x.com/earndrop_io/status/1799070544689873101
- 🚨🚨🚨The US Senate proposed a bill giving the President power to block access to digital assets. Critics warn it could impose user-level bans on protocols linked to foreign sanctions violators, pushing users toward KYC-compliant chains.
The law defines "digital assets" as any communication protocol, smart contract, or software on a distributed ledger allowing user interaction and trade.
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- 🚀🚀🚀: Standard Chartered Bank says Bitcoin will reach $150,000 if Donald Trump wins the presidential election.
- 🚀🚀🚀🇨🇳 Bybit seems to open up registration and authentication to Chinese users: report
The crypto exchange Bybit seems to have enacted services in a previously restricted jurisdiction: the People's Republic of China. Bybit enabled registration and authentication services for users in China, allowing them to provide their ID, passport, driver's license, or resident permit to proceed with know-your-customer protocols on the platform, reports to social media-based news outlet Wu Blockchain. The Block reached out to Bybit for confirmation.
- 🇺🇸 US spot bitcoin ETFs see $105 million in daily inflows, extending positive streak to 15 days
U.S. spot bitcoin exchange-traded funds recorded their 15th consecutive day of net inflows on Thursday, adding $105.12 million. The 11 ETFs have collectively drawn in over $2.28 billion worth of inflows during the period. The cumulative total net inflows till date stand at $13.96 billion. Fidelity’s FBTC led the inflows with $77 million, according to data from SoSoValue. Bitwise’s BITB recorded net inflows of $14 million, while Ark Invest and 21Shares’ ARKB added $11 million.
- Solana family is suddenly rallying on the date of ETF Ethereum
haha this is the beauty of market.
- ‼️🪙 Mt. Gox Bitcoin Moves Will Cause No Immediate Selling Pressure: CryptoQuant
Analysts from the market intelligence platform CryptoQuant say the recent bitcoin (BTC) moves by the defunct crypto exchange Mt. Gox are no cause for alarm and would cause no immediate selling pressure on the digital asset. According to the latest weekly report from the analytics firm, the transfers were executed between Mt. Gox’s trustee addresses and are not a sign that creditor repayments have begun.
- 🚨🚨🚨Crypto market braces for $ 875M token unlocks in June
Nearly $ 875 million in crypto tokens from projects like Aptos, Arbitrum, Starknet and Sui will be unlocked in June as vesting periods end.
Locked cryptocurrencies worth almost $ 875 million may hit the markets in June as token vesting periods for more than 30 blockchain-based projects expire.
According to data tracker Token Unlocks, the largest chunk of crypto tokens to be unlocked in June 2024 belongs to Aptos
APT, Arbitrum (ARB), Starknet (STRK) and Sui (SUI).
Crypto vesting is a common practice within the crypto space to prevent a project’s team members or early investors from dumping their tokens early.
- 🚨🚨🚨 Kraken experiences largest outflow with $ 1.6 billion in Bitcoin transactions
Kraken, the digital asset exchange, recently experienced its largest outflow in dollar value, with approximately $ 1.6 billion being transferred out of the platform on May 30, according to Glassnode data. According to Arkham Intelligence Transaction data, this significant movement was executed through five transactions from Kraken’s deposit to an external address: three transactions of 6,000 BTC each and two transactions of 5,000 BTC each. The transferred Bitcoin, totaling roughly 28,000, is currently held in the address “bc1q.”
- 🚨🚨🚨🇪🇺 EU elections could hint at future direction for crypto regulations, Bitfinex analyst says
The European Union Parliamentary Elections, taking place next week, could provide further clues on how crypto will be regulated in that market, according to Bitfinex Head of Derivatives Jag Kooner. "A right-wing shift could lead to stricter crypto controls, while a pro-crypto outcome might accelerate supportive regulations like MiCA," Kooner told The Block.
- 🚨 JUST IN: BlackRock’s 📊 Bitcoin ETF $IBIT Becomes Fastest ETF to Reach $ 20 Billion in Assets.
- ‼️‼️Bitcoin ETFs hold over 1 million BTC, approaching 5% of total supply
Bitcoin (BTC) exchange-traded funds (ETFs) already hold over 1 million BTC in their wallets, according to data aggregator bold.report. As of May 23, all Bitcoin ETF’s holdings amounted to 1,057,039 BTC, which is equivalent to nearly 5% of the crypto’s supply.
Grayscale’s GBTC leads the pack with over 291,000 BTC under management, closely followed by BlackRock’s IBIT and their 279,500 BTC stash. Notably, those are the numbers gathered on May 23 and have since changed. GBTC shows 293,000 BTC at the time of writing, while IBIT amounts to 284,526 BTC, according to on-chain data platform Arkham Intelligence.
- 📊TON blockchain’s total value locked surpasses $ 300 million
The total value locked on The Open Network blockchain has crossed $ 300 million for the first time — an over tenfold increase since early March. The network is seeing locked value surge amid an ongoing ecosystem initiative, The Open League. This is contributing to the surge in TVL by rewarding users of TON’s top decentralized applications. Since the incentive program was rolled out, the network's TVL went from $ 23 million in early March to the current $ 315 million, per DeFiLlama data.
- 🚨🚨🚨 There will be over 5.5bn Short Liquidations once #BITCOIN Hits $ 73,936 ‼️‼️🤯
- 🚨🚨🚨: 🇺🇸 Donald Trump says he is "very positive and open minded to cryptocurrency companies."
"Our country must be the leader in the field."
- 🐶 The dog that is the face of Dogecoin has died at 18.
RIP Kabosu 🕊️
- 🚨🚨🚨: 🇺🇸🇺🇸🇺🇸 SEC approves spot Ethereum ETFs.
- 💡💡💡: Donald Trump's presidential campaign officially accepts Bitcoin and crypto.
- 🚨🚨🚨Grayscale GBTC, despite facing a total net outflow of $ 17.6 billion, managed to attract a $ 9.3 million inflow on May 20. The total net inflows for ETFs now stand at $ 12.9 billion, according to Farside data.
Data from heyapollo, the BTC ETFs accumulated a remarkable 3,519 Bitcoin on May 20, which is approximately eight times the daily mined supply of around 450 BTC.
- 🚨🚨🚨 BITCOIN PIZZA DAY 🚨🚨🚨
On May 22, 2010, a landmark event occurred in the world of Bitcoin. Laszlo Hanyecz, an early Bitcoin adopter, posted on the Bitcoin Talk Forum proposing a trade of 10,000 Bitcoin for two pizzas to be delivered to his home. Even then, the recipient of the bitcoins got a bargain, paying $ 25 for the pizzas, while 10,000 bitcoins were then worth around $ 41.
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⚠️Attention - Telegram Ads
Due to Telegram new policy, it’s now allowed to publish an advertisement on channel with no permission from its owner.
❗️Scammers are already taking advantage of this feature. Please be careful and do not interact with these ‘pop up adds’!‼️
• I am not associated with this kind of adds. Not I am responsible in them appearing on this channel nor I can block them, please just ignore them‼️
- 🚨🚨🚨Hacker - Holder, or How to Earn $ 450 Million on Ethereum
In 2017, a hacker stole 150,000 ETH from the company Parity, waiting a full 7 years before starting to sell the stolen cryptocurrency.
At the time of the hack, the coins were worth about $ 33 million. The hacker "demonstrated remarkable patience" and now has $ 450 million.
- 🚀🚀🚀 CME Group plans to launch bitcoin spot trading: FT
The Chicago Mercantile Exchange (CME) Group is planning to launch bitcoin spot trading in addition to its existing futures product, according to the Financial Times, which cited sources familiar with the matter. The group has reportedly been conducting discussions with traders who prefer dealing with cryptocurrencies on a regulated platform. The plan has not been finalized, according to the report.
- 🚀🚀🚀 CME Group plans to launch bitcoin spot trading: FT
The Chicago Mercantile Exchange (CME) Group is planning to launch bitcoin spot trading in addition to its existing futures product, according to the Financial Times, which cited sources familiar with the matter. The group has reportedly been conducting discussions with traders who prefer dealing with cryptocurrencies on a regulated platform. The plan has not been finalized, according to the report.
- 🚨🚨🚨 Coinbase records third-largest Bitcoin outflow of 2024, totaling nearly $ 1 billion
Two transactions originating from Coinbase cold storage were detected around 3 am GMT on May 15. Each transaction involved 8,000 Bitcoin, totaling $ 493.96 million. Together, these transactions summed up to approximately 16,000 Bitcoins, valued at nearly $ 1 billion, approximately $ 988 million, according to Arkham Intelligence. Coinbase’s exchange balance has been steadily decreasing throughout 2024. According to CryptoQuant, the balance commenced the year at roughly 418,000 BTC and is currently at roughly 267,000 BTC.
- 🚨🚨🚨 MtGox Prepares to Release 142,000 BTC and 143,000 BCH by October 31st
Data on Reddit reveals that the interface now reads “payment in preparation” with a timestamp dated May 13.
It signals that MtGox is getting ready to finally release its massive holdings, which include 142,000 bitcoins (BTC), 143,000 bitcoin cash (BCH), and 69 billion yen. This massive disbursement is expected to reach creditors no later than October 31st.
For a very long time, MtGox has been a mix of hope and despair for many investors. Founded in 2010, it quickly became the largest crypto exchange globally. It practically made history.
- 🚨 Tether CEO riled up by suggestion USDT is a target of US government
Tether CEO Paolo Ardoino posted a lengthy diatribe to X on Monday in an apparent effort to rail against any notions that his company's stablecoin is insecure in any way. "An uniformed CEO, leading a company being investigated by the SEC, launching a competitive stablecoin ... is being reported spreading fear about USDT," Ardoino said in his post.
- 🚨🚨🚨Ancient Bitcoin Whales Suddenly Awake After 10.7 Years With 49,274.2% Profit
Calm Sunday morning was disrupted, when two dormant Bitcoin (BTC) wallets, untouched for over a decade, have sprung to life, shaking the cryptocurrency market with their monumental activity.
According to ‼️Link 👉Lookonchain's ‼️ latest findings, these wallets, inactive for precisely 10.7 years, have swiftly transferred their entire holdings of 1,000 BTC, currently valued at a staggering $ 60.9 million, within a mere 20-minute window.
- 🚨🚨🚨 Grayscale Bitcoin ETF Continues To See Negative Outflows Of Over $ 100 Million
According to data from SoSoValue, on May 10, total net outflows from spot Bitcoin ETFs amounted to $ 84.6581 million. This marks the second consecutive day of outflows for Bitcoin ETFs, with Grayscale Bitcoin ETF reporting an additional $ 103 million in outflows on Friday. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) experienced an inflow of $ 12.4363 million, and Fidelity’s FBTC saw $ 5.3039 million flowing in.
- 🚨🚨🚨🚨 Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ
A Binance team found that "VIP" clients – those trading more than $ 100 million per month – were engaging in pump-and-dump schemes and wash trading, the Wall Street Journal said.
Binance fired a member of staff who uncovered evidence of market manipulation at crypto investment firm DWF Labs, one of cryptocurrency exchange's clients, the Wall Street Journal reported on Thursday, citing interviews with Binance employees past and present, documents, emails and other industry participants.