Crypto News Bangladesh (@crypto_news_bd) • Hey
Trusted Cryptocurrency News Agency | All news collected from reliable source | #news #cryptonews #lens
Publications
- **BtcTurk Exchange was cyber-attacked: Transactions were stopped for 6 hours.**
**Turkey's largest cryptocurrency exchanges BTCTurk announced, their teams have detected that there was a cyber attack on their platform on June 22, 2024,** which caused uncontrolled footage to be taken. Only some of the balances in the hot wallets of 10 cryptocurrencies were affected by the cyber attack in question, and their cold wallets, where most of the assets are kept, are safe.
**Binance CEO Tweeted, "Binance is assisting BtcTurk with investigations and have frozen over $5.3M in stolen funds so far"**
At the same time, official authorities were contacted. As a precaution, cryptocurrency deposits and withdrawals have been stopped and will be made available for use as soon as our work is completed.
Source: <https://status.btcturk.com/>
Source 2: <https://x.com/_RichardTeng/status/1804525525614096511>
\#btcturk #binance #hacked #cyberattacked #news #lens #hack #turkey
- # **Vietnamese Hackers Indicted in US for $71M Cybercrime Involving Cryptocurrency**
Four Vietnamese nationals were charged in a U.S. court for a series of cyber intrusions causing over $71 million in losses**.** The defendants, **part of the cybercrime group “FIN9,” allegedly hacked U.S. companies from May 2018 to October 2021**, stealing non-public information, employee benefits, and funds. They used stolen personal and credit card information to create accounts at cryptocurrency exchanges, masking their identities. They also sold stolen gift cards through peer-to-peer cryptocurrency marketplaces. Charges include conspiracy to commit fraud, wire fraud, intentional damage to protected computers, money laundering, and identity theft, with **penalties up to 20 years in prison.**
Source: Bitcoin News
\#cybercrime #news #lens #hacked
- World's largest **computer manufacturers "DELL" Founder Michael Dell**, recently **posted a picture with Bitcoin**, initiated a vote including blockchain, and retweeted Michael Saylor's reply: Bitcoin is Digital Scarcity. Michael Dell is also one of the richest people in the world.
Source 1: <https://x.com/MichaelDell/status/1804139932216078465>
Source 2: <https://x.com/MichaelDell/status/1804134476634632478>
\#computer #dell #bitcoin #saylor #news #lens
- # **Standard Chartered Set to Launch Spot Crypto Trading for Bitcoin, Ethereum.**
Standard Chartered is on the verge of introducing a spot cryptocurrency trading desk that will handle transactions in bitcoin (BTC) and ethereum (ETH). This new venture will operate within its foreign exchange (FX) division.
Standard Chartered has long been engaged in cryptocurrency investments, and its analysts foresee bitcoin reaching six figures. **The British bank’s market strategists have recently outlined predictions that BTC could climb to $100,000 within this year and potentially $150,000 should Trump win the election.**
Source: <https://www.bloomberg.com/news/articles/2024-06-21/crypto-trading-stanchart-launches-spot-btc-eth-desk>
\#scb #news #bitcoin #eth
- **U.S. District Court Judge Phyllis Hamilton dismissed all four of the class action claims against Ripple Coin (XRP) but will allow one state law claim to proceed to trial.**
A California judge has ruled that a civil securities lawsuit against Ripple will proceed to trial, denying in part the crypto firm’s motion for summary judgment in a suit alleging that Ripple’s CEO violated state securities laws in 2017.
The plaintiff has alleged that Garlinghouse violated California’s securities laws by professing to be “**very, very long XRP” while simultaneously selling “millions of XRP on various cryptocurrency exchanges” throughout 2017.**
Source: Coindesk
\#XRP #ripple #news #lens
- **Crypto Exchange Binance announced that it has completed the integration of Tether (USDT) on the Toncoin Network today.** Deposits and withdrawals are now open. On April 19, **Telegram CEO Pavel Durov and Tether CEO Paolo **will issue a joint statement at TOKEN2049, announcing the issuance of USDT on TON.
Source: <https://www.binance.com/en/support/announcement/binance-completes-integration-of-tether-usdt-on-toncoin-network-opens-deposits-and-withdrawals-f6c4867f5cab47e39864130804eff106>
\#binance #tether #ton #telegram #usdt #news #lens
- The two founders of **Gemini announced that they had each donated null million worth of Bitcoin to the Trump campaign** and would vote for him in the November election. They criticized the Biden administration for weaponizing multiple government agencies to bully and sue the cryptocurrency industry.
Source: <https://x.com/tyler/status/1803872859938549920>
\#news #gemini #bitcoin #trump #biden #lens
- **Kraken disclosed nearly $3 million was taken from its wallets following a bug-related exploit that's since been fixed.**
The crypto exchange received a bug bounty program alert on June 9, according to Kraken’s Chief Security Officer Nick Percoco. The alert warned it to an “extremely critical” bug, allowing an attacker to artificially inflate their balance on its platform.
Kraken’s CSO alleged that the researcher had instead disclosed the bug to two other individuals they work with, who subsequently withdrew much larger sums from their Kraken accounts totaling nearly $3 million. “This was from Kraken’s treasuries, not other client assets,” Percoco clarified.
Source:
<https://x.com/c7five/status/1803403565865771370>
\#kraken #exploit #hack #news #lens
- **German Government Agency Moves $425M Bitcoin, Some to Crypto Exchanges.**
German government agency appears to have transferred **$425 million in bitcoin** to another wallet, returning some to the original wallet and sending a portion to crypto exchange deposit wallets.
**German Federal Criminal Police Office (BKA) seized almost 50,000 BTC, worth over $2 billion at the time, from the operators of <https://Movie2k.to>, a film piracy website that was active in 2013. The BKA received the bitcoin in mid-January after a "voluntary transfer" from the suspects,**
The wallet address, previously identified as belonging to the **German Federal Criminal Police Office (BKA)** by Arkham, moved 6,500 BTC to the address and then back to itself. Transactional data shows that a tranche of $32 million worth of bitcoin was deposited on crypto exchange **Kraken** and a similar amount on **Bitstamp** **which may indicate intentions to sell.**
Source: <https://platform.arkhamintelligence.com/explorer/entity/germany>
\#arkham #bitcoin #bka #kraken #bitstamp #news #lens
- # **More than 300 Egyptians die from heat during Hajj pilgrimage in Saudi Arabia, diplomats say**
At least 323 Egyptian pilgrims died during the Hajj pilgrimage in western Saudi Arabia, most of them succumbing to heat-related illnesses, two Arab diplomats coordinating their countries' responses told AFP on Tuesday.
"**All of them died because of heat" except for one who sustained fatal injuries during a minor crowd crush, one of the diplomats said, adding that the total figure came from the hospital morgue in the Al-Muaisem neighborhood of Mecca**.
At least 60 Jordanians also died, the diplomats said, up from an official tally of 41 given earlier on Tuesday by the Jordanian government.
The new deaths bring the total reported so far by various countries to 577, according to an AFP tally. The diplomats said the total at the morgue in Al-Muaisem, one of the biggest in Mecca, was 550.
Source: CBSNews
\#accident #dead #news #lens
- # **Aave’s Stani Kulechov seeks $50m for Lens Protocol at $500m valuation.**
Avara Founder and CEO Stani Kulechov, is **reaching out to US venture capital firms** to secure another round of **funding for Lens Protocol,** according to people familiar with the deal. His current main goal is the upcoming Lens Network, a **local network built on the ZKsync technology stack because ZKsync is a layer2 scaling solution for Ethereum.**
**Avara is the umbrella company overseeing the lending protocol Aave, Lens Protocol, Family, its crypto wallet, and GHO, a stablecoin.**
The Avara founder is seeking **$50 million in a deal that would value Lens Protocol, a social media platform, at $500 million**.
**In 2023, Lens Protocol raised $15 million. There was no valuation available at the time of the raise**
Source: <https://www.dlnews.com/articles/defi/lens-protocol-is-pursuing-new-50-million-usd-fundraise/>
\#avara #aave #lens #zksync #news
- # **The US Federal Trade Commission Takes Action Against Adobe and Executives for Hiding Fees, Preventing Consumers from Easily Cancelling Software Subscriptions**
Federal Trade Commission (FTC) said Monday that Adobe deceives customers by "hiding" the early termination fee for the company's services, which includes popular tools such as Acrobat, Photoshop and Illustrator.
Specifically, Adobe encouraged consumers to enroll in its "annual, paid month" plan without disclosing that canceling could cost hundreds of dollars, according to the agency. Users who do try to cancel are met unfair roadblocks, the lawsuit filed in federal court in California also alleges.
"In numerous instances, **subscribers who have requested to cancel through Adobe's customer service believe they have successfully cancelled but continue to be charged**," the lawsuit states. "Some of these subscribers do not realize for months that Adobe is continuing to charge them, and only learn about the charges when they review their financial accounts."
Source: <https://www.ftc.gov/news-events/news/press-releases/2024/06/ftc-takes-action-against-adobe-executives-hiding-fees-preventing-consumers-easily-cancelling>
\#adobe #ftc #acrobat #photoshop #news #lens
- **Crypto Exchange Binance Co-Founder is asking billionaire Elon Musk, who owns the social media platform X, to address the crypto scams proliferating over the website after her followers fell victim to a wallet drainer.**
In a new thread, Yi He tells her followers that a scammer is posing as her on X to trick people into clicking fraudulent links that drain their crypto wallets.
*“I have not issued any new memecoins. Clicking on the link will result in your money being stolen. Many people were tricked by this hacker link and lost a significant amount of money today. Is there any way to address this issue, Elon Musk?”*
According to He, **one of her followers who clicked the link lost 60 Ethereum (ETH) worth about $215,853** at time of writing.
Source: <https://x.com/heyibinance/status/1801732167917256859>
Source : <https://x.com/heyibinance/status/1801608226191884546>
\#binance #memecoin #hack #news #lens
- **Tether, the world's largest stablecoin launches new synthetic dollar backed by gold.**
Developed by Moon Gold NA, S.A. de C.V. and Moon Gold **El Salvador**, S.A. de C.V., both of whom are members of the **Tether Group**.
The first token in the Alloy by Tether lineup is **aUSD₮**. This digital currency is designed to track the value of one US dollar. What makes aUSD₮ unique is that it is over-collateralized by Tether Gold (**XAU₮)**, which means it is supported by real physical gold stored in Switzerland.
Source: <https://tether.io/news/tether-announces-launch-of-alloy-by-tether-a-new-digital-asset-backed-by-tether-gold/>
\#usdt #tether #news #lens
- The **US President Biden is expected to announce a new immigration program** Tuesday that would provide a path **to citizenship for hundreds of thousands of undocumented immigrants married to U.S. citizens**, according to lawmakers and others familiar with the matter.
Biden is planning to make the announcement at the White House alongside members of Congress, immigration advocates and U.S. citizens who, because of arcane immigration rules, haven’t been able to sponsor their spouses for green cards.
Source: <https://www.wsj.com/politics/policy/biden-to-give-legal-status-to-immigrant-spouses-of-u-s-citizens-34f5a81a?mod=e2tw>
\#biden #us #news #lens
- **Tesla has sued its former supplier Matthews International in California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with the electric-vehicle giant's competitors.**
The lawsuit filed on Friday in U.S. District Court for the Northern District of California, said Matthews owes damages that Tesla "conservatively estimates will exceed null billion" for misusing company trade secrets related to dry electrode battery manufacturing technology.
Pittsburgh-based Matthews began supplying Tesla with manufacturing machinery in 2019, according to the complaint. Tesla said it shared secrets with Matthews related to dry-electrode coating, which the carmaker has said can dramatically reduce the size, cost, energy consumption and production cycle time of battery manufacturing plants while boosting the energy density and power of battery cells.
Source: Reuters
\#tesla #matthews #news #lens
- Crypto Exchange **BitMEX founder Arthur Hayes** predicted in a video interview (38:25) that in the L1 competition, **Aptos will flip Solana and become the number two L1.** This will take one to three years, and he will reveal more details in September this year.
Arthur Hayes also said that the **Dogecoin ETF may be launched before the end of this cycle, it is the oldest memecoin and has been launched on Robinhood in the United States**. He believes that the vast majority of memecoins now lack long-term cultural value.
Finally he said that the **biggest risk in the next 2 to 3 years is that a major crypto custodian is hacked and loses $50 billion to $100 billion in cryptocurrencies**, which would be the end of the cycle.
Source: <https://www.youtube.com/watch?v=0cX1Huf89PE>
\#bitmex #aptos #solana #dogecoin #memecoin #news #lens
- Digital asset investment products experienced **outflows total $600 million last week,** the largest since March 22, 2024, likely **due to a more hawkish-than-expected FOMC meeting,** prompting investors to scale back their exposure to fixed-supply assets. The outflows were entirely focused on Bitcoin, seeing $621m outflows.
Source: <https://blog.coinshares.com/volume-187-digital-asset-fund-flows-weekly-report-03a835f3e795>
\#FOMC #bitcoin #news #lens
- **Singapore’s national goalkeeper, Hassan Sunny, has been appointed as the Chief Security Officer and spokesperson for HTX Global and TRON**. The announcement was first made by Justin Sun on social media. Drawing parallels between Sunny’s role on the football field and his new position, Sun expressed confidence that just as Sunny defends the goal line with unwavering determination, he will bring the same level of commitment to safeguarding user assets in his new role.
Source: <https://x.com/trondao/status/1802598094707814553>
\#tron #htx #justinsun #news #lens
- "May Your heart be filled with gratitude, your home with love & your life with success.
Have a wonderful celebration"
**Eid greetings to all Muslims & All those of other religions.**
Everyone stay healthy and stay peaceful.
**Eid Mubarak-2024**
@lens/lens @lens/bonsai
\#eid #eidmubarak #eidulazha #eidmubarak2024 #lens #bonsai
- # **Indian Authority Cracks Down on Highrich Online's Crypto Operations**
India’s Enforcement Directorate (ED) has conducted searches that uncovered a Ponzi scheme involving cryptocurrency operations and HR Crypto Coin, leading to significant asset seizures and freezing. The coins were part of the scheme, luring people to invest with promises of a 15% annual interest rate and offering 30% direct referral income for introducing new customers.
The ED’s investigation stemmed from the first information report (FIR) filed by the Kerala Police and numerous complaints against Highrich Group and its directors. The company was found to be selling memberships as digital IDs, which provided user credentials to access their website for a fee. Members then sold these memberships to others to earn commissions, with extra incentives for referring new members. This scheme, with no real underlying business, was identified as a classic Ponzi scheme.
The raids resulted in the freezing of approximately Rs. 32 crore ($3.9 million) in various bank accounts associated with the company, its promoters, and their families. Additionally, authorities seized around Rs. 70 lakh ($85,365) in cash, jewelry, and four vehicles. The searches also revealed immovable properties worth Rs. 15 crore, acquired through illicit funds.
In January, the ED also conducted searches at the premises of High rich Smartech Pvt. Ltd., Highrich Online Shoppe Pvt. Ltd., and related entities. These operations uncovered Rs. 212 crore in illicit funds, which were subsequently frozen under the PMLA. To date, the total proceeds of crime seized or frozen amount to Rs. 260 crore, including immovable property documents.
Source: Bitcoin News
\#highrich #scam #news #india #lens
- **US prosecutors have charged two men with operating a dark web market where people around the world anonymously bought and sold more than $430 million worth of drugs, stolen information, counterfeit currency and malicious computer programs.**
Federal prosecutors in Chicago accused Thomas Pavey and Raheim Hamilton of conspiring together and with others to engage in drug trafficking, computer fraud, money laundering and other crimes during their years running “Empire Market,” according to court documents unsealed on Thursday.
Source: Bloomberg
\#darkweb #drugs #news #lens
- **Africa's second largest country, with a population of 123 million, already has more than 1.8 million cryptocurrency users.** The Energy Authority has reached power agreements with 21 Bitcoin mining companies, 19 from China. Local mobile money platforms already allow users to buy and sell cryptocurrencies and stablecoins from Binance and Paxful
Read More Details: <https://www.emurgo.africa/blog/posts/ethiopia-from-crypto-ban-to-crypto-regulation>
\#news #bitcoin #lens #africa
- **Crypto Exchange BitMEX founder Arthur Hayes (0xA8...506F) deposited 3,000 ETH** worth about $10.67 million to the **LRT protocol etherfi at 16:39 UTC+8 today.** The remaining 1,034.5 ETH of Arthur Hayes' address is used for etherfi-liquid yield.
Source: <https://debank.com/profile/0xa86e3d1c80a750a310b484fb9bdc470753a7506f>
\#bitmex #etherfi #eth #news #lens
- # **The U.S. Securities and Exchange Commission** (**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 (XRP), 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.”
Source: Bitcoin News
\#ripple #xrp #sec #news #lens
- # **Chinese Gang Arrested for Exploiting Digital Yuan.**
Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency (CBDC), which has experienced substantial growth in usage.
Adoption has reached 260 million wallets across 25 cities, with applications in sectors such as transit, healthcare, and crude oil purchases. The perpetrators, who had difficulty securing regular employment, conducted these transactions through local merchants. They have since been arrested, prosecuted, and sentenced to prison, along with receiving fines
Source: Bitcoin News
\#china #yuan #cny #pboc #cbdc #news #lens
- **Canadian singer Drake is on the cusp of losing null million worth of crypto** after he placed two individual $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective Stanley Cup and NBA finals.
The Oilers lost their third straight game against the Florida Panthers in the hockey championship on Thursday whilst the Mavericks are down 3-0 in the basketball tournament after losing in consecutive games against the Boston Celtics. Both contests are best-of-seven series
Source: Coindesk
\#nba #drake #bitcoin #bet #news #lens
- **Turkish Ministry of Finance is considering imposing a 0.03% transaction tax on cryptocurrency transactions** to cope with the budget deficit caused by the earthquake and increase fiscal revenue. It is expected to be discussed in parliament at the end of this month.
The plans would imply additional revenue of 226 billion liras ($7 billion), equal to about 0.7% of gross domestic product, according to a person with direct knowledge of the matter, who asked not to be identified because the matter is private. New legislation is now being drawn up for discussion in parliament toward the end of this month, the person said.
Source: Bloomberg
\#bitcoin #news #lens #turkish
- **El Salvador President Nayib Bukele** has proposed setting up a private investment bank to provide financial services to **Bitcoin investors and reduce the restrictions of traditional banks.** The bank will allow investors to trade in both US dollars and Bitcoin and may become a digital asset and Bitcoin service provider.
Source: Cointelegraph
\#bitcoin #news #lens
- **Japanese Financial Services Agency issued a warning** to the offshore **exchange LBank Exchange on June 14**, saying that it was not registered to provide cryptocurrency transactions.
The Financial Services Agency stated that LBank Exchange has an "unknown address" and "unknown representative," and that it "conducted a cryptocurrency exchange business via the internet with Japanese residents as its counterparties."
It also warned **Bybit, MEXC, Bitget, and Bitforex** in March last year. However, it is still not possible to access and trade on these platforms from **Japan**.
Source: <https://coinpost.jp/?p=538181>
\#lbank #news #lens #bybit #mexc #bitget #bitforex
- **Crypto exchange Gemini agreed to pay $50 million** worth of digital assets to Gemini Earn investors as part of a settlement announced by the New York Attorney General on Friday.
Under the agreement, Gemini is also banned from conducting any crypto lending program in the state.
The settlement comes after NYAG Letitia James said Gemini "misled thousands of investors," including New Yorkers, on risks tied to the Gemini Earn program. Gemini Earn allowed Gemini customers to loan their crypto to now-bankrupt Genesis Global Capital, LLC, and earn up to 7.4 percent APY.
Source: The Block
\#gemini #news #lens
- **Visa, Mastercard reach $30 billion settlement over credit card fees**
Visa and Mastercard reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers through lower prices.
The antitrust settlement announced on Tuesday is one of the largest in US history, and if it receives court approval would resolve most claims in nationwide litigation that began in 2005. Some critics believe it may not go far enough, saying the savings would be temporary and fees would remain high.
Merchants have long accused Visa and Mastercard of charging inflated swipe fees, or interchange fees, when shoppers used credit or debit cards, and barring them through "anti-steering" rules from directing customers toward cheaper means of payment.
Swipe fees typically include small fixed fees plus a percentage of total sale amounts, and average about 1.5 percent to 3.5 percent per transaction according to <https://Bankrate.com>
Under the settlement, Visa and Mastercard would reduce swipe rates by at least four basis points - 0.04 percentage points - for three years, and ensure an average rate that is seven basis points below the current average for five years.
Source: The Daily Star
[#visa](https://hey.xyz/search?q=%23visa\&src=link_click\&type=pubs) [#mastercard](https://hey.xyz/search?q=%23mastercard\&src=link_click\&type=pubs) [#news](https://hey.xyz/search?q=%23news\&src=link_click\&type=pubs) [#lens](https://hey.xyz/search?q=%23lens\&src=link_click\&type=pubs)
- **World's Biggest Crypto Exchange Binance Founder Changpeng Zhao personal holdings in his exchange-issued token BNB, It is 64% of the entire supply, with a nominal value of $56 billion.**
## Binance’s founder, known to crypto followers as CZ, is spending the summer in Santa Barbara’s Lompoc minimum security prison. As crypto markets climb, Forbes reveals the secret source of his ballooning billions.
**Changpeng Zhao **is in good condition **inside the prison** . Already the richest person to go behind bars and the wealthiest person in crypto many times over, Zhao’s net worth has soared since he became a felon.
**Forbes***** *****now estimates that he is worth $61 billion,** making him the 24th richest person in the world, just after Julia Koch and family. The next richest person in crypto is **Coinbase founder Brian Armstrong at $11 billion.**
The big change to CZ’s net worth comes from Forbes' discovery of his personal holdings in his exchange-issued token **BNB,** which we estimate to be **94 million tokens or 64% of the total 147.5 million BNB tokens in circulation.** Forbes estimates that Binance **owns 71% of the BNB supply.**
CZ’s upward revision has two components. First, his 90% equity stake in Binance, the large crypto exchange, is valued at $33 billion despite CZ stepping down as CEO in November 2023 as part of a settlement with the U.S. Department of Justice in which he pled guilty to anti-money laundering and sanctions violations. His company also paid a $4.3 billion fine to the government. However, the impact on Zhao’s personal wealth was less severe, since he only had to pay a $50 million fine. In the six months since his plea, Binance actually increased its dominance among crypto exchanges worldwide in terms of trading volume (though it was excluded from *Forbes’ *list of the most trustworthy crypto exchanges.) According to data compiled from *The Block*, its share of the total spot market across exchanges has increased to 42% in the six months since he left the company from an average of 38% in the two months before his settlement.
Source: <https://www.forbes.com/sites/javierpaz/2024/06/14/how-cryptos-richest-billionaire-doubled-his-net-worth-behind-bars/>
\#forbes #crypto #binance #bnb #lens #breakingnews #news
- # **Polygon governance advances with new 'hub' by Aragon Project**
Aragon Project, a popular developer of decentralized autonomous organizations, has announced it has built a "governance hub" for the Polygon community.
The hub is meant to "empower users and builders to influence core development of Polygon tech," according to description of the announcement posted to Polygon's X account on Friday. "It will incorporate community feedback at every step, ensuring the platform is decentralized and infused with community values."
Aragon Project created "an end-to-end governance solution, including protocol governance contracts and a community-driven Governance Hub," according to a statement.
The hub works towards implementing ideas discussed by the Polygon community last year, according to Polygon Labs' head of governance, Mateusz Rzeszowski.
Source: <https://x.com/0xPolygon/status/1801613959763534274>
\#polygon #aragon #matic #lens #news
- ZK Nation officially responded to the community's doubts about the ZKsync airdrop in a long article: real users are often less afraid of risks. Even if all seven criteria are met, but the average amount held over a period of time is small, they may not be eligible for distribution. The formula is based on the amount sent to ZKsync Era and the length of time these crypto assets have been in the wallet.
For More Details: <https://docs.zknation.io/zk-token/zk-token-faq>
\#zksync #zk #news #lens
- **Bitcoin ETFs See $226.21 Million Outflows Led by Fidelity’s FBTC**
**U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs)** posted over $226.21 million in net outflows on Thursday for a third day of outflows this week and reminiscent of the stream of withdrawals that occurred at the end of April.
Fidelity’s FBTC recorded the highest outflow, with $106 million withdrawn, preliminary data from SoSoValue shows. **Grayscale’s GBTC recorded $62 million** in outflows, and **Ark Invest’s ARKB saw $53 million** taken out.
Source: <https://sosovalue.xyz/assets/etf/us-btc-spot>
\#bitcoin #btc #etf #news #lens
- **Venture capital firm Paradigm** has raised our third fund: an $850M fund focused on crypto projects at the earliest stages. Paradigm and a16z are considered to be the most recognized VCs in the cryptocurrency field now. However, Paradigm once deleted cryptocurrency content from its website and considered shifting its investment to AI.
Paradigm was previously an early investor and contributor for projects like **crypto exchange Uniswap and Optimism**, a way to scale the Ethereum blockchain. Paradigm — founded in 2018 by Coinbase Global Inc. co-founder Fred Ehrsam and ex-Sequoia Capital partner Matt Huang — is one of the largest VC investors in the industry. This is Paradigm’s first fund since Ehrsam stepped out of a leadership role with the San Francisco-based firm in October.
Source: <https://www.paradigm.xyz/2024/06/paradigms-third-fund>
\#paradigm #bitcoin #ethereum #news #lens #blockchain
- **Saudi Arabia will stop using the US dollar for oil sales and will not renew the 50-year petro-dollar agreement with the U.S.**
Saudi Arabia will now sell oil in multiple currencies, including the **Chinese RMB, Euros, Yen, and Yuan,** instead of exclusively in US dollars.
\#news #lens #dollar #oil
- **Elon Musk threatens to ban Apple devices at his companies over its new OpenAI deal**
Twitter Owner & Tesla CEO Elon Musk is threatening to ban his employees from taking Apple devices into their workplaces after Apple CEO Tim Cook announced a partnership on Monday to integrate OpenAI's artificial intelligence technology into its operating systems.
On Monday evening, Musk wrote on his social media platform X that adding OpenAI's tech into Apple's systems "is an unacceptable security violation." He added that visitors to his businesses, which also include SpaceX, "will have to check their Apple devices at the door, where they will be stored in a Faraday cage."
Musk's threat to ban Apple devices at his workplaces, which employ more than 100,000 workers across Tesla, SpaceX and X alone, comes amid a legal battle between the Tesla CEO and OpenAI. In March, Musk sued OpenAI and its CEO, Sam Altman, alleging that the artificial intelligence company had violated its original mission statement by putting profits over benefiting humanity.
Source: <https://x.com/elonmusk/status/1800265431078551973>
\#apple #twitter #openai #telsa #elonmusk #news #lens
- **U.S. President Joe Biden’s campaign is in discussions with cryptocurrency industry players about accepting crypto donations through Coinbase Commerce, sources familiar with the matter told The Block.**
Coinbase Commerce, a payments service that allows merchants to accept dozens of cryptocurrencies, already powers crypto donations to presumptive Republican candidate Donald Trump’s campaign, which began accepting digital currency contributions last month.
The discussions mark the Biden campaign’s latest efforts to explore ways to court crypto-focused voters in the run-up to an election that some experts on Capitol Hill believe will be decided by a razor-thin margin, according to sources who asked to remain anonymous, citing the sensitivity of the discussions. It also comes as Biden’s team may be looking to bolster its coffers with funds from cash-flush pro-crypto donors, one source told The Block.
Source: <https://www.theblock.co/amp/post/299851/biden-campaign-in-talks-to-accept-crypto-donations-through-coinbase-commerce-sources?utm_source=twitter&utm_medium=social>
\#crypto #bitcoin #news #lens #coinbase
- MicroStrategy announced plans to raise funds through a private offering of $500 million of convertible senior notes, which it plans to use to purchase more Bitcoin and for other corporate purposes. The notes will mature in 2032.
Source: <https://www.microstrategy.com/press/microstrategy-announces-proposed-private-offering-of-500m-of-convertible-senior-notes_06-13-2024>
\#microstrategy #news #lens #bitcoin #btc
- According Arkham Intelligence Data, **Curve founder Michael Egorov currently borrowed $95.7 million in stablecoins (mainly crvUSD) through five accounts in five protocols, collateralized by $141 million worth of CRV.** These positions have now begun to be liquidated. CRV fell 12% in the last hour.
Source: <https://x.com/ArkhamIntel/status/1800943114334470531>
[#crv](https://hey.xyz/search?q=%23crv\&src=link_click\&type=pubs) [#curve](https://hey.xyz/search?q=%23curve\&src=link_click\&type=pubs) [#lens](https://hey.xyz/search?q=%23lens\&src=link_click\&type=pubs) [#news](https://hey.xyz/search?q=%23news\&src=link_click\&type=pubs) [#breakingnews](https://hey.xyz/search?q=%23breakingnews\&src=link_click\&type=pubs)
- # **According Crystal Intelligence Report Reveals $19 Billion Lost in Crypto Crimes Over 13 Years.**
The latest Crystal Intelligence report categorizes the losses into **$6 billion** from security system breaches, nearly **$5 billion from decentralized finance (defi) hacks**, and close to **$8 billion from fraudulent schemes.** Crystal is a blockchain intelligence start-up based in Amsterdam, Netherlands, that was founded by Bitfury.
A standout incident highlighted in Crystal’s study was the 2019 Plus Token scam, where fraudsters siphoned off $2.9 billion worth of bitcoin (BTC) and ethereum (ETH), marking it as the most substantial single theft recorded. Despite advances in security and tracking, Crystal’s research notes that crypto-related crime figures for 2023 reached an all-time high with 286 reported thefts amounting to over $2.3 billion.
In the ongoing year, 2024, the largest recorded theft was the Playdapp security breach in South Korea, with criminals looting **$290 million worth of ether.** Another significant defi hack occurred in the U.K. with Eulor Finance, where hackers made off with **$197 million in ether.** The United States emerged as the most targeted nation, experiencing 20 incidents totaling **$287 million** in losses.
Source: <https://crystalintelligence.com/resources/adolescent-anarchy-thirteen-years-of-crypto-crimes-unveiled/>
\#hacked #eth #btc #news #lens
- **The Federal Reserve announced that it will maintain the interest rate at 5.25-5.5%, in line with market expectations.** The dot plot shows that four Fed officials see no rate cuts this year, up from two officials in the March projections. Seven officials see one cut, while eight see two cuts.
Source: <https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20240612.pdf>
\#fed #news #lens
- According Arkham intelligence data. A wallet that has been dormant for 5.5 years transferred **8,000 BTC (about 535.64 million US dollars)** to multiple addresses including Binance Deposit at 21:37 UTC+8 on June 11, of which the total balance flowing into 4 Binance Deposit addresses was 1,416.1 BTC.
150 BTC was transferred to a suspected Wintermute. The rest was transferred to a large number of unmarked addresses, such as 882 BTC transferred to 17M9xc...aoJ9UV; 882 BTC transferred to 1MECjB...9cdCyk; 882 BTC transferred to 18b2nb...Ghq3cW, etc.
Source: <https://platform.arkhamintelligence.com/explorer/tx/15e308a94140e65c51da434fd0a7116f1a0d980366e88114d4601766ac90b0a1>
\#arkham #binance #bitcoin #btc
- **Former US President & Currently US presidential candidate Donald Trump met with Bitcoin Magazine's CEO David Bailey and several prominent U.S. Bitcoin miners. The meeting saw Trump commit to championing Bitcoin mining both in Washington D.C. and on the global stage**. he also said, Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be made in the USA. It will help us be energy dominant.
Source: <https://bitcoinmagazine.com/business/donald-trump-commits-to-championing-bitcoin-mining-in-dc>
\#trump #bitcoin #lens #news
- # **Orbit Hacker Sends $32,000,000 Worth of Ethereum (ETH) to Tornado Cash: On-Chain Data**
The hacker who attacked the decentralized cross-chain protocol Orbit Bridge in December is beginning to move the stolen crypto.
The digital asset de-anonymizing platform Arkham notes that the hacker moved **8,671 Ethereum (ETH) worth $32 million to a new address and is in the process of depositing the crypto stack into Tornado Cash**, a controversial coin mixing service that facilitates anonymous digital asset transactions.
**The exploiter purloined more than $100 million worth of crypto from Orbit Bridge in late December and still holds $66 million in ETH and over $20 million in the stablecoins DAI and USDT.**
Orbit Bridge serves as a bridging service for Orbit Chain (ORC), a cross-chain platform focused on scalability.
Following the breach, the Orbit Chain team sent out notifications urging the hacker to negotiate by 10:00 AM on January 11th. The hacker did not respond, however, leading the project to offer up to $8 million to anyone who could provide information that would identify the hackers or recover the stolen funds.
Orbit Chain’s native token, ORC, is trading at $0.00669 at time of writing and is down more than 90% from its December price, according to CoinGecko.
**Track the Orbit Chain Exploiter on Arkham :** <https://platform.arkhamintelligence.com/explorer/entity/orbit-chain-exploiter>
Source: Arkham
\#news #orbiter #orbit #hack #eth #ETH #dai #usdt #lens #exploit
- @lens/zksync **will conduct a token airdrop to 695,232 eligible wallets next week, totaling 3.675 billion ZK tokens**, accounting for 17.5% of the total supply of 21 billion ZK tokens. 49.1% will be distributed through ecosystem programs, 17.2% to investors, and 16.1% to Matter Labs.
**Holdstation** wallet said that its users are top recipients of ZK tokens per wallet. **Holdstation, with over 441,000 users, accounts for over 63% of wallets eligible for ZK tokens (approximately 700,000 wallets)**. Using ZKSync with this smart wallet, users engage in various activities: interacting with smart contracts, using Paymaster, trading, and providing liquidity.
**The ZK distribution airdrops a minimum 450 ZK & maximum of 100,000 ZK tokens per address** for the usage-based airdrop. **In this current situation there is dissatisfaction among many in the zksync discord and twitter community at this distribution calculation.**
For example, **a popular crypto influencer in india** @lens/holdbtc already tweeted that, he and his biggest community not agree of Zksync distribution airdrop a maximum **100,000 ZK token per wallet address** because many have been ineligible to get rewards even after working fairly for the past one year. he also mentioned in the tweet that the 100k ZK Token allocation that he received should be deducted from his wallet and re-distributed among those who are not ineligible in the Zksync's criteria.
**According to the Zksync community, ZK airdrop criteria were mostly in favor of** \*\*Holdstation wallet. \*\*The Zksync community is hopeful that the Zksync project team will surely find a solution to the matter.
Zksync criteria Source: <https://blog.zknation.io/zk-token/>
Indian Influencer Tweet Source: <https://x.com/CryptoTeluguO/status/1800471643825049761>
[#zksync](https://hey.xyz/search?q=%23zksync\&src=link_click\&type=pubs) [#airdrop](https://hey.xyz/search?q=%23airdrop\&src=link_click\&type=pubs) [#lens](https://hey.xyz/search?q=%23lens\&src=link_click\&type=pubs) [#bonsai](https://hey.xyz/search?q=%23bonsai\&src=link_click\&type=pubs) [#news](https://hey.xyz/search?q=%23news\&src=link_click\&type=pubs) [#holdstation](https://hey.xyz/search?q=%23holdstation\&src=link_click\&type=pubs) [#zk](https://hey.xyz/search?q=%23zk\&src=link_click\&type=pubs)
- # **Nexus Labs closes $25 million Series A round to scale verifiable computation**
Zero-knowledge cryptography firm **Nexus Labs** has raised $25 million in its Series A funding round co-led by **Lightspeed Venture Partners and Pantera Capital**, in a move to scale its project.
The team announced in a blog post on Monday that the funding round also drew participants including Dragonfly, Faction and Blockchain Builders Fund. The project previously closed its **$2 million seed round led by Dragonfly in late 2022.**
The team plans to use the new funding to accelerate the open-source development of Nexus 1.0 as well as the expansion of its engineering team.
Source: The Block
\#nexuslabs #news #lens
- # **UK crypto exchange stops trading after $22m is lost in ‘security incident’**
**British cryptocurrency exchange Lykke** has shut down trading, citing "unauthorized access" to its platform and suspected hacking. MetaMask developer Taylor Monahan said the exchange has suffered a suspicious outflow of $22 million.
Source: <https://www.dlnews.com/articles/defi/little-known-crypto-exchange-suffers-22-million-dollar-hack/?utm_source=twitter&utm_medium=organic_social&utm_campaign=>
### #news #uk #lykke #metamask #lens