Wu Blockchain News
WuBlockchain’s only official Telegram account Colin Wu, Reporter Important Crypto News mainly Asia More Channels: http://linktr.ee/wublockchain Contact us: @colinwu1989 non-financial advice Be careful of telegram scams, do not transfer money to anyone!
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| Posts | Views | Shares | Views dynamics |
01 QCP: We think price action could chop around here as the market digests fundamentals from the several macro events lined up this week:
Tue: US PPI, Powell to speak
Wed: CPI, Retail Sales
Thu: Unemployment Claims
Given the strong bounce from last week's lows, 60k still seems like a strong support level barring any hawkish surprises. — link | 1 796 | 15 | Loading... |
02 According to ZachXBT, Rain, one of the largest crypto exchanges in the Middle East, was suspected of being hacked on April 29, 2024. Suspicious fund outflows occurred in its BTC, ETH, SOL and XRP wallets, resulting in a loss of US$14.8 million. — link | 1 670 | 8 | Loading... |
03 iFinex, the parent company of the Bitfinex, has just joined hands with the El Salvador government to in developing laws, regulations and guidelines related to cryptocurrencies. Bitfinex Securities will launch El Salvador’s first digital asset securitization project, a five-story hotel located at the international airport, raising US$6.25 million. — link | 2 323 | 13 | Loading... |
04 Lukfook Jewellery’s 5 million customer information, one of Hong Kong’s largest jewelers, was sold on the dark web for 25K USDT. At the same time, 450GB of data was stolen from HK College of Technology, involving the information of 8,100 students. Since no ransom was obtained, the recent information has been made public. — link | 2 241 | 12 | Loading... |
05 CEX Data Report for April: The spot trading volume of major exchanges decreased by 37.9% MOM. The bottom three were Kucoin-70.8%, Upbit-57.5%, and Bitfinex-47.7%. Website traffic of major exchanges decreased by 22%. Read more — link | 2 530 | 28 | Loading... |
06 Digital asset investment products saw inflows for the first time in five weeks totalling US$130m. The US saw the majority of inflows totalling US$135m. Hong Kong saw US$19m inflows. Canada and Germany continued to see outflows totalling US$20m and US$15m. — link | 2 269 | 8 | Loading... |
07 According to Cyvers Alerts, the multi-signature wallet of Parity, the parent company of Polkadot, was stolen 150k ETH due to a vulnerability in 2017. Today, the hacker started to launder 3,050 ETH through eXch, worth $9 million. The hacker still controls 83,017 ETH, which is now worth $246.6 million. — link | 2 675 | 16 | Loading... |
08 The National Bitcoin Office (ONBTC) led by President Nayib Bukele of El Salvador announced the launch of mempool space, which can be used to track its Bitcoin vault assets. As of May 13, El Salvador held 5,748.76 Bitcoins. El Salvador began to invest one Bitcoin per day on November 18, 2022. — link | 2 656 | 11 | Loading... |
09 Tether CEO said that Ripple CEO is leading a company being investigated by the SEC and launching a competitive stablecoin, he is being reported spreading fear about USDt. Tether stablecoins respect the OFAC / SDN lists. Tether blocked more than $639 million working with US law enforcement. — link | 2 858 | 20 | Loading... |
10 The L3 blockchain Degen Chain has stopped producing blocks for more than 11 hours, the reason is unknown. Degen Chain was built by Syndicate, which was once invested by a16z, using Arbitrum Orbit. Its Gas token DEGEN is the largest coin of Farcaster. — link | 3 936 | 37 | Loading... |
11 Chinese local police arrested six suspects for using cryptocurrency to help Korean trading companies exchange legal currencies between China and South Korea, involving an amount of approximately US$300 million. — link | 3 052 | 20 | Loading... |
12 Uniswap founder Hayden Adams: Any one close to Biden or dem leadership should be expressing how serious this is and pushing for immediate reversal on his approach to crypto. Biden camp thinking crypto will be irrelevant in 2024 election and letting SEC + Warren wage total war. — link | 3 232 | 16 | Loading... |
13 According to SpotOnChain, early ETH holder 0x2ce deposited 4,153 ETH (approximately $12.2 million) to Coinbase at a price of $2,931. It withdrew 12,423 ETH (~$137k) from Poloneix in 2016 at a price of $11.03. Currently, this address also holds 2,566 ETH, with a total profit of approximately $28.5 million. — link | 3 264 | 9 | Loading... |
14 This week the United States will release important CPI data for April. It likely rose 3.4% over the year, compared to a 3.5% annual increase in March, according to forecasts. Higher gasoline prices in April may cause inflation to remain high. But wholesale used car auction prices fell 2.3% in April. — link | 3 510 | 22 | Loading... |
15 Ripple CEO Brad Garlinghouse: The US Government is going after Tether (USDT issuer). That is clear to me. I view Tether as a very important part of the ecosystem and I don’t know how to predict the impact it would have on the rest of the ecosystem. — link | 3 241 | 38 | Loading... |
16 Asia's weekly TOP10 crypto news: Hong Kong ETF Being Included in Southbound is a Rumor, Taiwan Introduces New "Anti-Fraud New Four Laws" Regulations, Binance and KuCoin have registered with India’s Financial Intelligence Unit and Top10 News（0506-0512）— link | 3 302 | 5 | Loading... |
17 What is a market maker? Why do we need market making? How Token loan + Call option works By @minjung_eth Read more — link | 3 256 | 32 | Loading... |
18 According to looksonchain, 2 wallets that have been dormant for nealy 10.7 years transferred all 1,000 BTC($60.9M) out in the past 20 mins. Wallet"16vRqA" and Wallet"1DUJuH" both received 500 BTC on Sept, 2013, when the bitcoin price was $124 at that time. — link | 3 563 | 21 | Loading... |
19 According to SCMP, the just-held Bitcoin Asia conference in Hong Kong attracted about 5,500 attendees, half of whom were from mainland China. Executives from Hong Kong ETF issuers confirmed that they are working to promote the mortgage financial products based on ETFs. — link | 3 256 | 16 | Loading... |
20 Mark Cuban: Gary Gensler and the SEC are trying to destroy the crypto industry. SEC decided to litigate to regulate rather than make any effort to increase compliance. The cost in time and legal fees to attempt to register and comply make it impossible to realistically operate. SEC makes it so expensive, time consuming and difficult for those who want to comply. — link | 3 865 | 18 | Loading... |
21 According to HODL15Capital monitoring data, as of May 10, global Bitcoin ETFs held a total of 949,756 Bitcoins, accounting for 4.5% of the total Bitcoin supply. U.S. spot Bitcoin ETFs bought a total of 1,318 Bitcoins this week, with GBTC being the only ETF to see outflows. — link | 3 390 | 18 | Loading... |
22 The Runes protocol generated $135 million in fees in its first week after the bitcoin halving, but activity has dropped dramatically since then, with May 10 being the lowest day for activity and only two times in the last twelve days generating over $1 million in fees. — link | 3 304 | 19 | Loading... |
23 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. — link | 3 745 | 28 | Loading... |
24 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. — link | 3 578 | 19 | Loading... |
25 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. — link | 3 916 | 34 | Loading... |
26 Weekly Project Updates: Notcoin Launches on Binance, Bybit Integrates with Ethena, Eigenlayer Initiates Airdrop Claiming, etc — link | 3 533 | 7 | Loading... |
27 Bloomberg ETF analyst Eric Balchunas said that the U.S. SEC may reject Ethereum spot ETF on May 23, and approval may not be until the end of 2025. If Trump wins, the SEC will likely face a change in leadership that may be friendlier than Gary Gensler's. DLNews | 4 251 | 30 | Loading... |
28 The address marked as Justin Sun 4 (0x176...a132) received 2.08 million EIGEN at 16:42 on May 11. This address ranked second in the deposit amount of EigenLayer. It had deposited 104,000 ETH directly to EigenLayer and 58,000 ETH through Puffer before March. — link | 4 147 | 35 | Loading... |
29 According to SoSoValue, yesterday, May 10, the total net outflow of Bitcoin spot ETFs was $84.6581 million. Grayscale ETF GBTC had a net outflow of $103 million per day, BlackRock ETF IBIT had inflow of $12.4363 million, Fidelity ETF FBTC had a inflow of $5.3039 million. — link | 3 642 | 10 | Loading... |
30 On May 11, the May Consumer Survey Report of the University of Michigan was released. The US Consumer Confidence Index unexpectedly dropped to 67.4 in May, hitting a six-month low. Consumer inflation expectations rose, with inflation expectations for the next year climbing from 3.2% in April to 3.5%. — link | 3 559 | 10 | Loading... |
31 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. — link — link | 3 567 | 12 | Loading... |
32 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. — link | 3 543 | 16 | Loading... |
33 The US Department of Justice (DoJ) has explained the defendant is not being prosecuted for posting computer code, “instead, he (Tornado Cash founder) is being prosecuted for his use of it in furtherance of a profitable and illicit business”. — link | 3 474 | 13 | Loading... |
34 The DOJ has selected Forensic Risk Alliance (FRA) as Binance’s external regulator. The FRA will be responsible for ensuring Binance complies with the plea agreement and will gain access to the company’s internal records, facilities and employees to report the company’s activities to the government. — link | 3 369 | 11 | Loading... |
35 QCP: US elections will conclude in Nov this year and historically markets tend to be bullish into elections. Specific to this election, Trump has been making crypto-friendly overtures which could illicit a a similar tone from Biden as both try to win the crypto vote. Unless the Fed clearly rules out rate cuts or hints at rate hikes, it seems like the markets will continue to price in cuts. — link | 3 542 | 17 | Loading... |
36 WuBlockchain Weekly: Trump Accepts Cryptocurrency Donations, Binance&DWF Controversy, FTX Liquidation in Progress and Top10 News — link | 3 668 | 11 | Loading... |
37 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. — link | 3 367 | 8 | Loading... |
38 Bybit releases its tenth reserve certificate (May 8). Users’ BTC assets increased by 580 BTC compared with the last time (April 3); users’ ETH assets decreased by 8.57%, a decrease of 29,700 ETH; users’ USDT assets increased by 13.32%, with an increase of 313 million USDT. — link | 3 449 | 11 | Loading... |
39 Harvest “doesn’t rule out” applying for its ETFs that invest directly in crypto tokens to be included in the connect programme that links exchanges in mainland China and Hong Kong, as long as “everything goes smooth and well” in the next two years. SCMP reported.
However, it is generally believed that the Beijing authorities are averse to cryptocurrencies and financial innovation. | 3 472 | 6 | Loading... |
40 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. — link | 3 540 | 17 | Loading... |
QCP: We think price action could chop around here as the market digests fundamentals from the several macro events lined up this week:
Tue: US PPI, Powell to speak
Wed: CPI, Retail Sales
Thu: Unemployment Claims
Given the strong bounce from last week's lows, 60k still seems like a strong support level barring any hawkish surprises. — link
❤ 4
According to ZachXBT, Rain, one of the largest crypto exchanges in the Middle East, was suspected of being hacked on April 29, 2024. Suspicious fund outflows occurred in its BTC, ETH, SOL and XRP wallets, resulting in a loss of US$14.8 million. — link
❤ 3😱 2🤣 1
iFinex, the parent company of the Bitfinex, has just joined hands with the El Salvador government to in developing laws, regulations and guidelines related to cryptocurrencies. Bitfinex Securities will launch El Salvador’s first digital asset securitization project, a five-story hotel located at the international airport, raising US$6.25 million. — link
❤ 8🔥 3👍 2
Lukfook Jewellery’s 5 million customer information, one of Hong Kong’s largest jewelers, was sold on the dark web for 25K USDT. At the same time, 450GB of data was stolen from HK College of Technology, involving the information of 8,100 students. Since no ransom was obtained, the recent information has been made public. — link
🤣 6❤ 1
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CEX Data Report for April: The spot trading volume of major exchanges decreased by 37.9% MOM. The bottom three were Kucoin-70.8%, Upbit-57.5%, and Bitfinex-47.7%. Website traffic of major exchanges decreased by 22%. Read more — link
❤ 6
Digital asset investment products saw inflows for the first time in five weeks totalling US$130m. The US saw the majority of inflows totalling US$135m. Hong Kong saw US$19m inflows. Canada and Germany continued to see outflows totalling US$20m and US$15m. — link
👍 2🤣 1
According to Cyvers Alerts, the multi-signature wallet of Parity, the parent company of Polkadot, was stolen 150k ETH due to a vulnerability in 2017. Today, the hacker started to launder 3,050 ETH through eXch, worth $9 million. The hacker still controls 83,017 ETH, which is now worth $246.6 million. — link
❤ 4😱 4👍 2🤣 1
The National Bitcoin Office (ONBTC) led by President Nayib Bukele of El Salvador announced the launch of mempool space, which can be used to track its Bitcoin vault assets. As of May 13, El Salvador held 5,748.76 Bitcoins. El Salvador began to invest one Bitcoin per day on November 18, 2022. — link
❤ 5🔥 2
Tether CEO said that Ripple CEO is leading a company being investigated by the SEC and launching a competitive stablecoin, he is being reported spreading fear about USDt. Tether stablecoins respect the OFAC / SDN lists. Tether blocked more than $639 million working with US law enforcement. — link
❤ 9🤣 7👍 3🔥 2
The L3 blockchain Degen Chain has stopped producing blocks for more than 11 hours, the reason is unknown. Degen Chain was built by Syndicate, which was once invested by a16z, using Arbitrum Orbit. Its Gas token DEGEN is the largest coin of Farcaster. — link
🤣 22😱 3👏 2