Crypto Magazine
@CryptoMagazine: Your Daily Dose of Crypto Insight! Stay ahead of the curve with the latest news, expert analyses, market trends, and insider tips Admin: @JonNfts
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01 🚀 Discover the Future with Jack the Goat ($JACK) - A Groundbreaking Meme Coin on Solana! 🌟🐐
Why $JACK?
⚫Thriving Community: Over 1400 active members fueling our explosive rise! @JacksPortal
⚫Colossal Potential: Get in on the ground floor of what experts predict could be a 1000x gem! 💎
⚫ Vital Stats: Market Cap: $500,000 | Holders: ~500 | Contract: 68eD7fdMVEqKDev9jChsBxtvg45XF2FKsnVRfDTpxCkK
How to Get $JACK:
1. Download Phantom Wallet .
2. Purchase $SOL, transfer to your wallet.
3. Swap for $JACK on Jupiter or Raydium. 😀
🔥 Join us now at https://jackthegoat.com and be part of this monumental journey with $JACK! 🚀
#Ad | 42 874 | 2 | Loading... |
02 💰 Bitcoin mining firm Bitfarms fires CEO amid $27 million damages lawsuit
Toronto-based Bitcoin mining firm Bitfarms fired CEO Geoffrey Morphy on Monday, effective immediately, after he filed a lawsuit against the company claiming $27 million in damages for breach of contract. Previously President and COO, Morphy was promoted to CEO in December 2022. However, in March this year, Bitfarms announced Morphy would be departing the company upon completing its executive search, though he would continue to lead the mining firm in the interim to ensure a “smooth transition.”
Source
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03 💰 Bitcoin repeats ‘2016 history perfectly’ amid $350K price prediction — Traders
Bitcoin is replicating the same path as it did after the 2016 Bitcoin halving event, with one indicator signaling it may be nearing its local bottom and another indicating it could reach $350,000 during “the peak” of this cycle, according to crypto traders. Rekt indicates that the reaccumulation range at this point of the cycle is any price below $61,081, which Bitcoin is currently trading below, at $60,901, according to CoinMarketCap data.
Source
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04 🇺🇸 Crypto Custody Tech Firm Fireblocks Seeks New York-Regulated Trust Company
Cryptocurrency safekeeping specialist Fireblocks plans to establish a limited-purpose trust company under the purview of the New York Department of Financial Services (NYDFS). The New York-based company is also creating a network of licensed custodians, the Global Custodian Partner Program, which will launch this quarter with an initial group of companies based in the U.S., the United Arab Emirates, Britain, Singapore, Thailand and Australia.
Source
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05 🟠 DOJ taps FRA over Sullivan & Cromwell for Binance's 3-year monitorship: report
The United States Department of Justice (DOJ) appointed Forensic Risk Alliance (FRA) to serve as the outside monitor over the crypto exchange Binance, reports Bloomberg citing people familiar with the matter. FRA, a London-based providing services in forensic accounting and compliance consulting services, beat out Sullivan & Cromwell to take on the position, Bloomberg adds. Binance must undergo a monitorship of three years as part of its plea deal with the DOJ related to money laundering violations.
Source
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06 🟠 Binance Reportedly Fired Investigator Who Discovered Market Manipulation at Client Company
Binance and DWF Labs have refuted market manipulation claims in a WSJ report, with the former stating that the company is intolerant to market abuse. With Binance founder and former CEO Changpeng “CZ” Zhao recently sentenced to four months imprisonment, a WSJ report is alleging that the crypto exchange giant fired one of its investigators who exposed market manipulation by one of the company’s clients, DWF Labs.
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07 🪙 Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan
The Well’s Notice issued to trading platform Robinhood (HOOD) by the U.S. Securities and Exchange Commission (SEC) should not pose an obstacle to the eventual approval of spot ether (ETH) exchange-traded funds (ETFs), JPMorgan (JPM) said in a research report on Wednesday.
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08 🟠 Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ
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. The former staffer and his colleagues on Binance's market-surveillance team had been hired to winkle out signs of market manipulation.
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09 🇺🇸 Former President Donald Trump says "Biden doesn't even know what" crypto is and if you like crypto you "better vote for Trump."
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10 💰 FTX claims rise above 100 cents on the dollar on back of bankruptcy plan
FTX claims have risen above 100 cents on the dollar following the estate’s draft recovery plan that estimates the majority of creditors will see a recovery rate of 118%. For instance, crypto bankruptcy site Xclaim shows that FTX claims are now going for between 101% and 112%. “It's absolutely unbelievable,” said Thomas Braziel, a partner at 117 Partners and 507 Capital and an investor in distressed assets. “I mean, Lehman was 141 cents on the dollar, and that took 10 years. This is 142% as the projected high number.
Source
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11 📣 MoonPay partners with BitPay to streamline crypto transactions
The web3 fintech firm MoonPay and the crypto payments platform BitPay have partnered to facilitate easier crypto transactions. According to a social media post from MoonPay, the partnerships aim to make selling crypto faster and easier and streamline how users send crypto to their bank account or debit card.
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12 💰 Bitcoin options traders bet on a bullish September price move above $100,000, analysts say
Analysts are observing bullish conditions in the bitcoin options market following the digital asset's bounce back on Friday — an uptick sustained throughout the weekend and into early week trading. QCP Capital analysts say bitcoin risk reversals have gone positive, with calls now more expensive than puts. This suggests a bullish sentiment among investors, as they are willing to pay more for options that benefit from a rise in bitcoin than options that protect against a decline in price.
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13 📊 Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported. Out of about $2.2 trillion in total transactions in April, just $149 billion originated from “organic payments activity,” the report said. The analysis removed transactions done by bots and large-scale traders to “isolate those made by real people.”.
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14 🪙 Ethereum’s low gas fees drive ETH burn rate to yearly low
The Ethereum network has seen the daily amount of ETH burned drop to its lowest level this year — mainly driven by a recent drop in average gas fees. Currently, gas fees are hovering between 5 and 10 gwei, which is one of the lowest levels seen year-to-date and affecting ETH issuance. The decrease in network fees has resulted in fewer ETH being burned. On Sunday, the amount of ETH burned was a mere 610 ETH — marking a record low for this year as Ethereum’s gas fees remained minimal.
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15 📊 Crypto companies raise $2.5bn in first quarter
Crypto companies raised almost $2.5 billion in venture capital investment in the first quarter of this year, representing a 29% increase in dollar value and a 68% higher deal count on a quarter-on-quarter basis, according to a research report compiled by Galaxy Digital. “After 3 consecutive quarters of declining deal count and capital invested, both rose in Q1,” according to the report, which also noted that alongside the big increase in deal count, which rose to 603, the amount of capital invested gained a comparatively modest 29%.
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16 💰 Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January
The Grayscale product had been the dominant conventional investment vehicle for those looking to invest in bitcoin (BTC) without directly purchasing the cryptocurrency. But it got competition in January when it was converted into an easier-to-trade ETF at the same time nine rival spot bitcoin ETFs began trading. GBTC has much higher fees, and investors yanked billions of dollars from it. Its bitcoin holdings have dropped from more than 600,000 bitcoin to around 290,000 bitcoin, according to fund data compiled by CoinDesk.
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17 💰 Bitcoin's Rally to $64,000 Triggers $26.65 Million Short Squeeze in 4 Hours
The price of bitcoin (BTC) increased by 4.5% against the U.S. dollar on Friday, rebounding from last week’s decline when it fell beneath the psychological $60,000 mark. Despite this 4.5% rise over 24 hours, BTC prices remain 4.3% below their level from seven days prior. After stabilizing for nearly two days, the upward movement of BTC began at 8 a.m. Eastern Time (ET) on Friday.
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18 💰 Bitcoin holds above $59,000 as short liquidations spike
Bitcoin short liquidations spiked above $24 million in the past 24 hours as the price rebounded from a multi-month low of below $57,000 on Monday. A total of $33 million in bitcoin positions were liquidated in the past 24 hours amid the volatility. The wider cryptocurrency market experienced over $112 million in liquidations during the same period. Of these combined crypto liquidations, the vast majority — around $70 million — were short positions, according to Coinglass data.
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19 💰 Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions
During the Bitcoin for Corporations segment at the Microstrategy World 2024 event in Las Vegas, Marcus shared insights on the fusion of AI and bitcoin (BTC). He argued that BTC could eliminate the inefficiencies and “friction” inherent in fiat currencies, predicting that AI agents will adopt this “digitally native” medium for value exchange.
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20 💰 BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs
Financial institutions are holding diligence and research conversations, with BlackRock playing an educational role, said Robert Mitchnick, the firm's head of digital assets. BlackRock has been talking about bitcoin to these sorts of institutions for several years. While becoming the biggest spot bitcoin ETF would be an impressive milestone, BlackRock says it isn’t really focused on the size competition with Grayscale’s GBTC.
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21 🇭🇰 Hong Kong 💰 Bitcoin ETF Issuer ChinaAMC believes in-kind creation will attract not just institutional and retail investors but Bitcoin miners and large holders 🚀
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22 💰 Standard Chartered says bitcoin price could fall further to $50,000
Bitcoin's price fall below the $60,000 mark could be the start of further pain to come, according to Standard Chartered Bank. "BTC's proper break below $60K has now reopened a route to the $50-52K range," Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, said Wednesday in a statement to The Block. "The driver seems to be a combination of crypto-specific and broader macro."
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23 💰 Bitcoin market absorbs 1 million BTC in 5 months
Bitcoin currently trades approximately 20% below its all-time high, the more compelling narrative unfolds within the dynamic flow of coins between short-term holders (STHs) and long-term holders (LTHs). LTHs, holding Bitcoin for over 155 days, typically accumulate during bear markets and distribute during bulls. Their supply peaked at 14.9 million BTC in December 2023 before dropping to 13.9 million in April 2024.
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24 💰 Bitcoin price on track for first monthly loss since August
Bitcoin seems to be heading towards its first monthly loss, potentially ending a seven-month streak where it closed each month at a higher value than it started — a trend that has persisted since August. The largest digital asset by market capitalization commenced April with a price hovering around $70,000. However, as the month draws to a close, bitcoin is presently hovering just above the $61,000 mark — indicating a monthly decline of over 12%.
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25 💰 MicroStrategy Bought 122 Bitcoin In April, Now Holds 214,400 BTC
MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 122 BTC in April at a total cost of $7.8 million, Founder & Chairman Michael Saylor announced today. The company initially entered the Bitcoin market in August 2020, making a significant initial investment of $250 million into BTC.
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26 💰 Bitcoin Could Fall to $50K in ‘Correction Mode,’ Says Analyst
Bitcoin prices are in retreat again during Asian trading on Monday morning and analysts are predicting more pain ahead as the correction deepens. Bitcoin has fallen back to more than 15% down from its mid-March peak, dropping to a ten-day low of under $62,000 on Monday morning. On April 28, an analyst feed ‘Stockmoney Lizards’ noted that the halving was over, but bitcoin continues to print red candles.
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27 💰 ‘Buy Bitcoin’ Sign Held at Janet Yellen’s 2017 Speech Sells for $1M
Christian Langalis is anticipated to receive roughly $875,000, equivalent to 13.6 BTC, after Scarce.City deducts its 15% fee. A piece of notebook paper featuring the phrase “Buy Bitcoin,” famously seen in the background during a broadcast featuring then-United States Federal Reserve Chair Janet Yellen in 2017, has been sold for 16 BTC, equivalent to approximately $1.027 million. The auction, held at PubKey, a Bitcoin-themed bar in New York City, was organized and facilitated by the auction house Scarce.City.
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28 💰 The greatest Bitcoin explanation of all time.
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29 💰 Bitcoin Breaks Daily Transaction Record Days After Halving
The new record comes three days after the Bitcoin Halving, coinciding with the launch of Runes. The launch of Runes sparked a rapid increase, demonstrating growing interest and utility in cryptocurrencies, setting a new all-time high in Bitcoin’s transaction activity. Runes, a new token standard on the Bitcoin blockchain, has dominated transactions since its launch following the halving on April 20, accounting for over two-thirds of all Bitcoin transactions. With more than 2.38 million transactions processed, Runes make up 68% of the total.
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30 💰 Arkham Intel finds wallets associated with Wisdomtree's Physical Bitcoin ETP WBIT
The blockchain data tracking firm Arkham Intel found wallets associated with WBIT, a physical Bitcoin exchange-traded product (ETP) from the asset manager WisdomTree. "WisdomTree Physical Bitcoin is a physically backed exchange-traded product (ETP) designed to offer shareholders a simple, secure and cost-efficient way to gain exposure to the price of Bitcoin,” according to WBIT’s website. “The ETP provides for easy investor access, tradability, transparency and institutional custody solutions with a robust physically backed structure."
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31 🇺🇸 FBI warns Americans against using unregistered crypto money transmitting services
The U.S. Federal Bureau of Investigation has warned Americans against using unregistered crypto money transmitting services. Americans should avoid crypto services from firms that are not registered as Money Services Businesses (MSBs) under federal law and do not follow anti-money laundering rules, according to a Thursday statement from the FBI's Internet Crime Complaint Center (IC3).
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32 💰 High Bitcoin fees push active addresses down to 3-year low
Bitcoin network experienced a substantial shift. As the halving event reduced miner rewards, transaction fees skyrocketed to 1,257.71 BTC, marking the highest level since December 2017 and accounting for over 75% of miner revenue for the day. This spike in fees coincided with significant network congestion, particularly exacerbated by new protocols like Runes.
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33 💰 Latin American Fintech Giant Nubank Enables Bitcoin Withdrawals and Deposits: Report
São Paulo-based Nubank announced the launch of a new feature that allows withdrawals and deposits of Bitcoin and cryptocurrencies. With this latest move, customers will now be able to send and receive Bitcoin, Ethereum, and Solana using the Nubank app. The withdrawal and deposit options are now available, allowing users to check the functionality on the app’s main crypto screen.
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34 💰 Bitcoin options worth over $6.3 billion set to expire this Friday on Deribit
Approximately $9.4 billion in cryptocurrency options are set to expire this Friday on the Deribit derivatives exchange. The majority of the options set to expire are bitcoin contracts, with a notional value of $6.35 billion. The put-call ratio ahead of Friday's end-of-month expiry is elevated at 0.68 — an increase in the amount of puts versus calls when compared to the previous week.
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35 💰 JPMorgan CEO Jamie Dimon still says Bitcoin is a fraud and a ponzi scheme
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36 💰 BlackRock's spot bitcoin ETF joins exclusive club after 70 straight days of growth
BlackRock's spot bitcoin ETF continued its hot streak on Monday, adding inflows for the 70th straight day. That put the financial giant's ETF in the top 10 of exchange-traded funds with the longest daily streaks of inflows. Bloomberg senior ETF analyst Eric Balchunas posted a graphic to X demonstrating that if BlackRock's fund, ticker IBIT, succeeded in registering a 70th consecutive day of net inflows it would rank the exchange-traded fund among some of the most successful in history.
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37 💰 Bitcoin Layer 2 Tokens Outperform BTC Post-Halving
Bitcoin layer 2 solution tokens have demonstrated superior performance to BTC following the highly anticipated halving of the mining reward on the blockchain. Since the event, these tokens have surged by 5% to 20%, outpacing the top crypto by market cap. According to CoinGecko data, the market cap for Bitcoin layer 2 solutions is $4.3 billion, marking a 5.6% increase in the past 24 hours. Meanwhile, the trading volume is $184 million.
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38 💰 Why Coinbase holding 90% of Bitcoin ETF's should worry you says Adam O'Brien
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39 Follow for Crypto news and updates. Our Channel is free, we don’t take any subscription fees.
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40 💰 Wealth management firms to boost Bitcoin ETF holdings - Bitwise CEO
Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their Bitcoin exchange-traded funds (ETFs) in terms of holdings. The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction after the halving. Horsley’s prediction aligns with the broader market belief that there is increasing demand for ETFs, given that Bitcoin investments in the United States exchange-traded funds (ETFs) market recorded a net positive inflow right before the Bitcoin halving day following five consecutive days of drain.
Source
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🚀 Discover the Future with Jack the Goat ($JACK) - A Groundbreaking Meme Coin on Solana! 🌟🐐
Why $JACK?
⚫Thriving Community: Over 1400 active members fueling our explosive rise! @JacksPortal
⚫Colossal Potential: Get in on the ground floor of what experts predict could be a 1000x gem! 💎
⚫ Vital Stats: Market Cap: $500,000 | Holders: ~500 | Contract:
68eD7fdMVEqKDev9jChsBxtvg45XF2FKsnVRfDTpxCkK
How to Get $JACK:
1. Download Phantom Wallet .
2. Purchase $SOL, transfer to your wallet.
3. Swap for $JACK on Jupiter or Raydium. 😀
🔥 Join us now at https://jackthegoat.com and be part of this monumental journey with $JACK! 🚀
#Ad❤ 255👍 76🔥 56
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💰 Bitcoin mining firm Bitfarms fires CEO amid $27 million damages lawsuit
Toronto-based Bitcoin mining firm Bitfarms fired CEO Geoffrey Morphy on Monday, effective immediately, after he filed a lawsuit against the company claiming $27 million in damages for breach of contract. Previously President and COO, Morphy was promoted to CEO in December 2022. However, in March this year, Bitfarms announced Morphy would be departing the company upon completing its executive search, though he would continue to lead the mining firm in the interim to ensure a “smooth transition.”
Source
@CryptoMagazine
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💰 Bitcoin repeats ‘2016 history perfectly’ amid $350K price prediction — Traders
Bitcoin is replicating the same path as it did after the 2016 Bitcoin halving event, with one indicator signaling it may be nearing its local bottom and another indicating it could reach $350,000 during “the peak” of this cycle, according to crypto traders. Rekt indicates that the reaccumulation range at this point of the cycle is any price below $61,081, which Bitcoin is currently trading below, at $60,901, according to CoinMarketCap data.
Source
@CryptoMagazine
❤ 118🔥 26👍 9🤣 2
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🇺🇸 Crypto Custody Tech Firm Fireblocks Seeks New York-Regulated Trust Company
Cryptocurrency safekeeping specialist Fireblocks plans to establish a limited-purpose trust company under the purview of the New York Department of Financial Services (NYDFS). The New York-based company is also creating a network of licensed custodians, the Global Custodian Partner Program, which will launch this quarter with an initial group of companies based in the U.S., the United Arab Emirates, Britain, Singapore, Thailand and Australia.
Source
@CryptoMagazine
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🟠 DOJ taps FRA over Sullivan & Cromwell for Binance's 3-year monitorship: report
The United States Department of Justice (DOJ) appointed Forensic Risk Alliance (FRA) to serve as the outside monitor over the crypto exchange Binance, reports Bloomberg citing people familiar with the matter. FRA, a London-based providing services in forensic accounting and compliance consulting services, beat out Sullivan & Cromwell to take on the position, Bloomberg adds. Binance must undergo a monitorship of three years as part of its plea deal with the DOJ related to money laundering violations.
Source
@CryptoMagazine
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🟠 Binance Reportedly Fired Investigator Who Discovered Market Manipulation at Client Company
Binance and DWF Labs have refuted market manipulation claims in a WSJ report, with the former stating that the company is intolerant to market abuse. With Binance founder and former CEO Changpeng “CZ” Zhao recently sentenced to four months imprisonment, a WSJ report is alleging that the crypto exchange giant fired one of its investigators who exposed market manipulation by one of the company’s clients, DWF Labs.
Source
@CryptoMagazine
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🪙 Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan
The Well’s Notice issued to trading platform Robinhood (HOOD) by the U.S. Securities and Exchange Commission (SEC) should not pose an obstacle to the eventual approval of spot ether (ETH) exchange-traded funds (ETFs), JPMorgan (JPM) said in a research report on Wednesday.
Source
@CryptoMagazine
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🟠 Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ
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. The former staffer and his colleagues on Binance's market-surveillance team had been hired to winkle out signs of market manipulation.
Source
@CryptoMagazine
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00:39
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🇺🇸 Former President Donald Trump says "Biden doesn't even know what" crypto is and if you like crypto you "better vote for Trump."
@CryptoMagazine
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💰 FTX claims rise above 100 cents on the dollar on back of bankruptcy plan
FTX claims have risen above 100 cents on the dollar following the estate’s draft recovery plan that estimates the majority of creditors will see a recovery rate of 118%. For instance, crypto bankruptcy site Xclaim shows that FTX claims are now going for between 101% and 112%. “It's absolutely unbelievable,” said Thomas Braziel, a partner at 117 Partners and 507 Capital and an investor in distressed assets. “I mean, Lehman was 141 cents on the dollar, and that took 10 years. This is 142% as the projected high number.
Source
@CryptoMagazine
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