kingjb (@kingjb) • Hey

NFT COLLECTOR

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The DOJ indicted a pair of brothers on suspicion of fraud and money laundering to obtain $ 25m cryptocurrency. Each count carries a maximum penalty of 20 years in prison. The case they involved was using a flaw in the open-sourced mev-boost-relay implementation maintained by Flashbots to exploit the ultrasound relay from many sandwich bots.
Consensys announced the launch of Smart Transactions, which will be launched as an optional feature to Metamask users worldwide. Users' transactions can remain private until they are confirmed on the chain, which means that robots cannot preempt transactions.
BlockTower Capital’s main hedge fund has been hacked and partially stolen by fraudsters, according to Bloomberg. The firm manages $ 1.7 billion in assets. The hackers have not been arrested. BlockTower was founded in 2017 and has invested in companies such as Dapper Labs, Sky Mavis, Terraform, and others.
The police in Sichuan, China, which was once the center of Bitcoin mining, uncovered an underground bank case involving more than 1.9 billion US dollars, using USDT to smuggle medicines and cosmetics and help customers purchase assets overseas. 193 suspects were arrested.
Conduit said that Degen Chain is back online, users can submit transactions using public RPC, and the block explorer is still indexing. Degen Chain was down for more than two days this time. Conduit said it will release a full analysis of the incident in the coming days.
The phishing group that stole 1155 WBTC has completed transferring all 22,960 ETH ($ 66.88M) from hundreds of addresses back to the victim's address today. All the victim’s phished assets have been returned. The victim had earlier promised a 10% bounty.
Federal Reserve Governor Michelle Bowman doesn’t expect the Fed to cut interest rates in 2024, citing persistent inflation in the first few months of the year. But Atlanta Fed President Bostic said the it may still cut interest rates this year, even if the timing and extent of policy easing are uncertain and inflation is slow to fall further.
LayerZero CEO said that about 5 million addresses only sent 1 transaction and 1-5 transactions; about 4.24 million addresses had a cost of less than $ 10. He once said that 400k to 600k out of 6 million users is real account. But only 30k address currently identify themselves as Sybil.
Donald Trump said at a Wednesday night party: “If you’re in favor of crypto you’re gonna vote for Trump because they want to end it”. CoinDesk reported. He also blasted Biden for not even knowing what cryptocurrency is. The attitudes towards cryptocurrency between the two parties in the United States have begun to become distinct.
Linea: we detected Sybil activity which managed to bypass issuers and attain attestations as though they are individual people. We caused us to pause distributing LXP. We're working with PoH issuers and Verax proactively to revoke attestations for addresses that are Sybils
Pantera Capital founder Dan Morehead said TON is the largest investment Pantera has ever made, but did not disclose the specific amount, nor the discounted price for purchasing TON tokens. Pantera had earlier said it would raise up to $ 250 million to purchase discounted SOL from FTX.
Dragonfly partner Haseeb Qureshi said that when Dragonfly was initially conducting DD on the Eclipse, he heard rumors that the founder Neel Somani had a history of sexual harassment, and quickly decided not to invest. Eclipse raised $ 65 million from Placeholder, Hack VC, Polychain, Delphi, Maven 11, DBA and Fenbushi.
May 10 Options Data 18,000 BTC options are about to expire with a Put Call Ratio of 0.64, a Maxpain point of $ 62,000 and a notional value of $ 1.2 billion. 280,000 ETH options are about to expire with a Put Call Ratio of 0.74, Maxpain point of $ 3,050 and a notional value of $ 800 million.
In a new interview, SBF revealed that more than a dozen of the inmates he lived with were murderers. Sam still doesn't believe he's guilty of any crime. He expects to file an appeal this fall. He jokes that rice has become the prison's internal currency, with good arbitrage opportunities.
Binance and KuCoin have registered with India’s Financial Intelligence Unit. KuCoin paid a $ 41,000 fine and has resumed operations. Binance’s financial penalties are still to be determined after a hearing and it is expected to resume operations after paying the fine.
Cryptocurrency exchanges have announced donations to victims of floods in Brazil. BingX pledges to double every donation made through the platform in cryptocurrency. Binance will donate $ 1 million in BNB to registered Binance users living in the affected areas. Floods in Brazil have killed 107 people.
According to Blockworks, the champion Ore was the cause of congestion on the Solana in April, making it difficult for users to include their transactions in blocks. Mining was also suspended in mid-April. Solana Foundation says Ore is a continuous stress test of the network in order to get better.
Public bitcoin mining companies such as Bitfarms, Cipher, CleanSpark, Core Scientific, Riot, and Terawulf reported a production decline between 6 – 12% for April as the robust bitcoin fee market briefly hedged the halving’s impact. As Runes becomes less popular, it is expected that Bitcoin production may drop significantly YOY in May.
Arkham has identified the address of 3.94K BTC (worth about $ 251 million) that the U.S. government seized from drug dealer Banmeet Singh during a trial in January this year. The U.S. government's holdings have now expanded to 216.788k BTC, worth about $ 13.82 billion, most of which should come from criminal seizures.
Bithumb, South Korea’s second largest exchange, announced that it will list the Korean won trading pair of Aioz Network (AIOZ) and Near Protocol (NEAR). Aioz Network is an L1 blockchain with Ethereum and Cosmos interoperability; Near Protocol is a sharded PoS L1 blockchain.
LayerZero CEO Bryan Pellegrino said that every LayerZero Labs employee is not eligible to apply for airdrops, and if internal employees are found to have received airdrops, they will be fired immediately. LayerZero has completed its airdrop snapshot on May 1 and is calling for reports of hunters.
The Nigerian authorities, who arrested two Binance executives, said that they will ban the use of its fiat currency Naira for P2P cryptocurrency transactions and will introduce new regulations in the next few days, covering cryptocurrency trading platforms, digital asset custodians, etc., to avoid the Naira exchange rate manipulation.
According to parsec, after months of development and $ 50 million in fees from v1, Friend Tech v2 was disappointing, with more than 95% of users unable to claim the airdrop within the first few hours due to various issues, and the token price was in a very bad state.
According to Bitcoin Magazine, Jack Dorsey donated $ 21 million to OpenSats to support open source and Bitcoin development. OpenSats announced in May 2023 that it already had received a $ 10 million donation from Jack Dorsey’s philanthropic initiative to support open source software and projects focused on Bitcoin, the decentralized social protocol Nostr.
Uniswap founder Hayden Adams shared his views on good token distributions: low float tokens are malicious, don’t work with exchanges or market makers, don’t discuss representative prices, not point, don’t farm the farmers, don’t be stingy - give a significant amount away.
Cardano founder Charles Hoskinson proposed inviting the public to vote on Twitter to use Bitcoin Cash into a Cardano Partnerchain with Useful Proof of Work Leios, NiPoPoWs, and Ergo tech. There are currently more than 10,000 votes cast, with 65% supporting it.
Coinbase and its CEO Brian Armstrong face a new class-action lawsuit alleging that Coinbase admitted in its user agreement that it was a securities broker, but offered SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ, and XLM as illegal securities.
Daniel Yan, founder of Kryptanium Capital: The market should behave more calmly from now till 15-May, and the CPI print on the day will dictate the direction of the second half of the month. Solana category, AI category and Memes category are my top picks for the catchup trade - they should outperform Bitcoin in May. Read more — link
Vitalik said that since many people have been interested in fully homomorphic encryption (FHE) recently, he once again shared the article published in 2020, pointing out that we are quickly getting to the point where many of the applications of FHE in privacy-preserving computation are starting to become practical over the next decade.
SlowMist says North Korean hacker group Lazarus is contacting targets through LinkedIn and stealing privileges or assets through malware. They falsely claimed to be looking for a job as a React/Blockchain developer and invited access to their repository to run relevant code, when in fact the repository contained malicious code snippets.
Updated: The news released by the media today about "the Central Bank of Nigeria freezing the bank accounts of Bybit, KuCoin, OKX, and Binance users" is false. The Central Bank of Nigeria refuted the rumor in a tweet on April 18 and reminded readers to visit the official website to obtain real information.
The current EigenLayer deposit amounts ranking second (0x176), third (0xdc3), and fourth (0x79a) are all Justin Sun team addresses, with 213,300 ETH deposited. Ranking first is the Puffer contract address (0xd9..06a72), with 413,700 ETH deposited, of which 58,000 ETH also originated from Justin Sun’s team.
Vitalik, co-founder of Ethereum, said in warpcast: There is nothing "ZK" about ZKasino except that it lives on zksync. Even "ZK" is now a mainstream-enough buzzword that full-on scammers are adopting it.
CZ has apologized in a letter to the judge overseeing his case filed on Tuesday: There is no excuse for my failure to establish the necessary compliance controls at Binance. CZ gave an assurance that this would be his only “encounter with the criminal justice system.” CZ said he wanted to support biotech startups and the youth.
Tevaera announced the completion of US$ 5 million in financing led by Laser Digital, with participation from Hashkey, Fenbushi and others. Tevaera is preparing to launch two new games and a decentralized L3 game chain on zkSync. Over the past year, Tevaera has attracted more than 850,000 Soulbound players from more than 100 countries to its multiplayer game Teva Run.
Solana DePIN project ionet announced the IO token economics, the maximum supply of IO is 800 million, of which 500 million will be allocated at launch, and the remaining 300 million will be issued and paid to suppliers and their stakers every hour as rewards.
Telegram founder Pavel Durov predicted that increased government surveillance will force the creation of secure communication devices inspired by cryptocurrency hardware wallets. He revealed that he holds hundreds of millions of dollars in fiat currency and Bitcoin and recently launched a cryptocurrency project.
BytePlus, the innovation arm of ByteDance, the world’s largest unicorn company, takes its first foray into blockchain with Sui. BytePlus will work with Mysten Labs to adapt its recommendation solutions and augmented reality products in support of gaming and social apps.
Worldcoin, the crypto project founded by OpenAI CEO Sam Altman, has announced that it will launch World Chain later this summer. It will be secured by Ethereum as an L2 and engineered for scalability with the Superchain ecosystem. It will be permissionless, open source, and intended to ultimately be independently governed by the community.
Ernst & Young, one of the Top Four accounting firms, announced the launch of EY OpsChain Contract Manager, a blockchain-based contract management solution that plans to migrate from Polygon to Ethereum and migrate to Layer3 in the next upgrade.
Crypto-friendly candidate Shomari Figures won the Democratic primary in the Alabama House of Representatives race with 61% of the vote. Figures received $ 2.7 million in support from the Crypto PAC, which is the highest expenditure by PAC to date for a Democratic congressional candidate.
The deposit amount of FDUSD on Binance Launchpool far exceeds the issuance amount. The OMNI FDUSD pool has 197k participants, deposited exceeds 6 billion FDUSD. The official website of First Digital, the issuer of FDUSD, shows a circulation of only 3.97 billion. Binance has now changed back to the normal value and stated that it was a display error and the amount deposited in Launchpool was $ 3.189 billion.
Bloomberg ETF analyst Eric Balchunas predicts that Hong Kong spot Bitcoin ETF capital inflows may only be US$ 500 million, less than one-twenty-fifth of the current Bitcoin ETF inflows in the United States, because the total ETF market in Hong Kong is very small, the three approved issuers are far inferior to large institutions like BlackRock, transaction fees may be relatively high.
CNN: Despite the lack of U.S. support, Israel's war cabinet remained determined on Monday to respond to Iran's attack. The cabinet is currently discussing the timing and location of the attack to send a message to Tehran but avoid causing casualties. — link Israel has never launched a direct military attack on Iranian territory. If launched, a direct attack on Iran would set another precedent.
The North Korean hacker group Lazarus Group is also a user of the coin mixer Railgun. In January 2023, the US FBI also stated that North Korean cyber attackers used Railgun to launder more than $ 60 million worth of Ethereum stolen in June 2022. Railgun is seen as the main alternative to Tornado Cash after the sanctions were imposed on it. — link RAILGUN protocol: "Any suggestion that sanctioned individuals, governments, or entities such as North Korea have used RAILGUN have no evidence & are based only on speculation." From 2023, all RAILGUN transactions go through a Private Proofs of Innocence check which verifies that transactions do not come from sanctioned or malicious activity. — link
WOO launches an innovation hub with an initial focus on the BTC ecosystem and diversifying across top growth verticals. Teams will be selected based on their commitment to innovating within the RWA, DeFi, AI, BTC Layer-2, and DePIN growth verticals and their ability to integrate WOO as a fundamental aspect of their innovation.
SHAKEEB AHMED was sentenced today by a U.S. District Judge to three years in prison for hacking two separate DEXs and stealing more than $ 12 million worth of cryptocurrency, marking the first-ever U.S. conviction for hacking a smart contract. One such DEX is Nirvana Finance.
Coinbase will file an interlocutory appeal in the SEC case. In its motion, Coinbase will appeal whether the U.S. SEC has the authority to treat digital asset transactions as investment contracts. If the case is allowed to appeal, the original trial proceedings will be suspended until the Second Circuit Court decides.
On-chain order book exchange ZigZag said it decided to close its exchange on zkSync Lite this week due to pressure from US regulators. ZZ fell more than 27% in the past 24h. zkLite Exchange forked the ZigZag code and said it would continue to offer order book trading on zkSync Lite.
The Winklevoss brothers, founders of Gemini exchange, invested $ 4.5 million worth of Bitcoin in the British football club Real Bedford FC to build a Bitcoin vault, develop a new training center, and more.