Trump Meme Token Sparks Controversy
Discussions intensify over the safety and ethicality of the TRUMP meme token, which has surged to $70. Concerns arise from its tokenomics, where 80% is held by Trump-affiliated firms. The first unlock phase is just three months away. Crypto investor Scott Melker criticizes the project as a money grab. For more insights, check the full article here.
#TRUMP#Crypto#AI#Blockchain#Solana#DEX#MemeToken#Tokenomics#Investing#CryptoInvestor#Raydium#Moonshot#DeFi#GenerativeAI#Bittensor#AI16Z#Freysa#AIXBT#Eliza
Weekly Crypto Market Highlights
🔹 Crypto market shows volatility amid stock decline.
🔹 US Justice Department authorized sale of Silk Road bitcoins.
🔹 Court sets hearing date for Do Kwon's case.
🔹 Charges filed against operators of crypto mixers Blender and Sinbad.
🔹 In Russia, record crypto seizure to be used for state income.
Read more in the full ForkLog Digest.
#Crypto#Bitcoin#DoKwon#SilkRoad#Blender#Sinbad#Russia#WeekInReview#MarketVolatility#US#Justice#KYC#DeFi#Cryptocurrency#MarketOverview#Blockchain#AML#Regulation#News#ForkLog
Bybit Hack Linked to Lazarus Group
A recent analysis suggests the Bybit hack, involving ~$1.5 billion, may have been conducted by the North Korean Lazarus Group. Arkham Intelligence reports that the group likely converts ERC-20 tokens to ETH, then to BTC, possibly funding nuclear programs. Research also points to potential links with a previous attack on Phemex. Investigators note that funds were moved to wallet 0x33d0...8F65 during the laundering process.
Read more: Forklog
#Bybit#LazarusGroup#CyberSecurity#Blockchain#Crypto#Hacking#NorthKorea#Financing#CryptoCrime#DeFi#Ethereum#Bitcoin#ERC20#Phemex#FundsLaundering#OnChainAnalysis#ArkhamIntelligence#ZachXBT#AI#VC
Ethereum Rollback Not Feasible, Developer Warns
Ethereum developer Tim Beiko cautions against rolling back the Bybit attack, citing potential widespread disruptions and significant costs exceeding $1.5 billion. This attack does not breach Ethereum protocol rules unlike the 2016 TheDAO incident. Additionally, a Bybit address transferred $48 million to Galaxy Digital and FalconX, acquiring 34,800 ETH shortly before depositing it back into Bybit.
Read more: Ethereum rollback debate and Bybit address transactions
#Ethereum#Bybit#Crypto#Blockchain#DeFi#News#Investment#ETH#GalaxyDigital#FalconX#TimBeiko#CZ#KanyeWest#Polychain#OTC#Transaction#Security#Protocol#Rollback#Market#Analysis
Bitcoin Gains Ground as Fiat Weakens
🇺🇸 Vivek Ramaswamy discusses why Bitcoin surpasses fiat. New investors hold 50.2% of Bitcoin wealth, lower than past ATHs: 85% in 2018 and 74% in 2021. Tether integrates USDt into Bitcoin's ecosystem with new Lightning Network support, enhancing speed and decentralization. ApeChain joins Humanity Protocol's zkProofer network to improve digital identity. USDC Treasury burns 90 million USDC. SEC approves Bitwise Spot Bitcoin and Ethereum ETF.
#Bitcoin#Tether#LightningNetwork#DeFi#USDC#ETFs#Crypto#Investment#DigitalIdentity#SEC#VivekRamaswamy#AdinRoss#WealthDistribution#Taproot#Security#Scalability#Finance#Treasury#USDT#ApeChain#zkProofer
USDt-TON Expansion and YouTube Blockage
In April 2024, 900 million Telegram users gained access to USDt on the TON blockchain, leading to rapid integrations with top global services. Key updates include:
- Bit2Me: Leading Spanish exchange now supports USDt on TON, offering low trading fees for European users.
- Transak: Launched Transak Stream for easy conversions between USDt-TON and fiat.
- Fireblocks: Integrated USDt-TON for client fund management and announced a grant program for TON integrations. More details available on Fireblocks.
- NovaDAX: Major Brazilian exchange adds USDt-TON support, facilitating quick transactions for Latin American users.
Meanwhile, new restrictions have been placed on YouTube in Russia, significantly dropping traffic. The government had been contemplating this move since early in the war, with the decision being formally executed this December. Key details include:
- President Putin's administration has planned for years to block YouTube but delayed due to its vast user base of 96 million.
- Recent meetings indicate strong governmental push with VK positioning as a potential alternative.
For a detailed investigation into the YouTube blockage, check out the full report here.
#USDt#TON#Web3#Bit2Me#Transak#Fireblocks#NovaDAX#YouTube#Russia#Kremlin#Censorship#Crypto#Finance#Tokens#Blockchain#Investments#DeFi#VentureCapital#PreIPO#TechM&A
Crypto Highlights: SEC, Funding Updates, and XRP
🔹Novastro Secures $1.20M: Layer 2 platform for real-world assets raises funds led by Woodstock.
🔹Litas Gains $20M: Blockchain payments platform gets token investment from Rollman Management Digital.
🔹SAPIENS AI: AI-driven Web3 sales agents closed funding led by Unreal Capital; amount undisclosed.
🔹Oh Raises $4.50M: Generative AI developer secures funds from multiple investors.
🔹XRP Surges Above $3: Historic rise as market eyes altseason.
🔹New SEC Developments: U.S. SEC to review crypto cases; potential to freeze non-fraud lawsuits. Read more from Reuters.
🔹120,000 BTC to be Returned: U.S. Gov declares Bitcoin seized in 2016 hack to be returned to Bitfinex.
Stay updated on the latest happenings in the crypto world!
#Crypto#XRP#SEC#Funding#AI#Blockchain#Web3#Investments#DeFi#Bitfinex#Trends#MarketUpdates#Litas#Novastro#SAPIENS#Oh#1MoneyNetwork#PythLazer#USGovernment#TangentVentures#AnimocaBrands
Whale Alerts and Hacked Accounts Update
A study by Presto Research shows that large exchange deposits have weak predictive power for price declines, while VC and MM deposits offer slightly better, yet still limited, effectiveness as trading signals. In related news, Foresight Ventures’ X account was hacked, spreading fake AI crypto news, following a similar incident with Litecoin’s account promoting fraudulent tokens. Additionally, the newly launched AICC has reached a market cap of over $130 million, but faces scrutiny over its lack of transparency. Also, Morpho markets have capped positions eligible for migration with deprecated rewards for old markets. Presto ResearchAICC DashboardUsual Update
#WhaleAlerts#Crypto#AI#Litecoin#ForesightVentures#AICC#MarketCap#TradingSignals#MorphoMarkets#Security#Hacking#Transparency#DeFi#MM#VC#Blockchain#DAOs#Scammers#Influencers
Weekly AI Opportunities and Updates
1️⃣ OpenAI launched o3-mini model in chat and API, with function calls and structured output support. Price reduced to just above DeepSeek R1. Read more
2️⃣ Jack Dorsey's Block released Goose, an open-source AI agent for engineering tasks, using Model Context Protocol. Read about it
3️⃣ Groq added support for DeepSeek R1, achieving vastly superior inference speeds with LPU chips. See details
4️⃣ Samsung's XR glasses Project Moohan reviewed with emphasis on AI assistant Gemini and Android XR OS. Watch the review
5️⃣ Appfigures report shows US accounts for 2/3 of AI app revenue, with over half of ChatGPT users ages 18-24, mostly men. View the report
#AI#Crypto#VC#OpenAI#DeepSeek#Groq#Samsung#Block#ChatGPT#MobileApps#Engineering#XR#Startups#ElizaOS#TON#DeFi#Blockchain#Web3#US#MarketTrends#AppFigures#AIagent
CrossCurve Boosts TON Liquidity
CrossCurve by EYWA aims to create a unified marketplace for cross-chain liquidity on the Curve protocol, attracting investment from Curve founder Misha Egorov. Soon, TON integration will allow asset exchanges with tokens from Torch and Crouton. Additionally, CrossCurve offers a $300k incentive program following their upcoming TON integration. A podcast episode discussing their unique solution is available here.
#CrossCurve#TON#Curve#EYWA#Liquidity#EVM#Stablecoins#DeFi#Podcast#Crypto#Blockchain#Incentives#Investment#Token#Torch#Crouton#Farming#Staking#Yield#Grants
Ethereum Testnet Faces Pectra Hardfork Issues
Ethereum's Sepolia testnet encountered a failure post Pectra hardfork activation, halting transaction processing. Developers resolved a bug in the deposit contract within six hours. Prior to this, issues with slot finalization arose in the Holesky testnet. The mainnet launch for Pectra is still set for early April without reported delays, accompanied by a $2M bounty campaign until March 24.
#Ethereum#Sepolia#Pectra#blockchain#crypto#technology#devops#networking#bugs#fintech#bountycampaign#mainnet#Holessky#cryptonews#update#softwaredev#smartcontracts#DeFi#testing
DeFi Tuna Exposes Fund Manipulation Scheme
Moty, founder of DeFi Tuna, accuses Kelsier of orchestrating a scheme to siphon significant funds from M3M3. Meteora leaders, including Ben, allegedly facilitated numerous KOLs, allowing them to purchase tokens early before the official launch. This led to massive profits for these investors. 📈Read more here.
#DeFi#Crypto#VC#M3M3#marketmanipulation#KOLs#funds#memecoin#profit#Moty#Kelsier#Meteora#Ben#Hayden#launchpad#staking#Bitcoin#yield#institutional#collateral#Maple