Crypto soothsayer

🔥 Robinhood has received a Wells notice from the SEC 🏹 Robinhood received a Wells notice from the Securities and Exchange Commission (SEC) regarding its crypto business. The notice was sent on May 4, 2024. 🗒 The Wells notice indicates that the SEC is prepared to sue the company. Previously, Wells notices were sent to Coinbase, Uniswap, and Consensys.

Mainland China to gain access to BTC-ETF in Hong Kong? Bitcoin ETFs registered in 🇭🇰 Hong Kong may soon become accessible to investors from mainland China. This was stated by the managing partner of SyzCapital, Richard Bayworth:

"I just got back from Hong Kong. There is talk that the ETF could be added to stock connect. The implications for this are absolutely enormous"

✔️ Previously, citizens of China directed a large portion of their savings into real estate. However, the real estate market in China is currently experiencing a crisis, and affluent citizens of mainland China feel a pressing need for additional investment opportunities. Currently a Mutual Recognition of Funds (MRF) agreement between Hong Kong and mainland China, which facilitates the spread of ETFs in each other's markets through a streamlined approval process.

"Excluding only the Bitcoin ETF would likely cause significant repercussions among both institutional and retail investors in both China and Hong Kong

" ,the expert pointed out.

Less than 10% of stablecoin transactions are "organic" 👀 Over 90% of the volume of "stable coins" is moved by unreal users, indicating minimal use of cryptocurrencies as a payment method, according to Bloomberg. ✔️ The agency interpreted data from a new indicator by Visa and Allium Labs. The tool identifies transactions made by bots and large traders, separating them from transfers made by real people. 🧐 According to Visa data, in April out of the total transaction volume of $2.2 trillion, only $149 million were "organic payment activity."

🚀 New Record in Bitcoin's Ordinals Protocol! 📝 Bitcoin inscription #70,614,708 has just set a new record for file size on the Ordinals protocol, clocking in at 3.969 MB. ✔️ This inscription houses a copy of the "Declaration of Independence in Cyberspace" by Logos Network, showcasing not just its size but its symbolic significance. 👀 Despite its large file size, the actual text would only be about 2 KB. The team opted to encode it as a high-resolution JPG, making it legible and sizable. Brian Laflan, co-founder of OrdinalsBot, shared with Decrypt, "It's a small file, but with the added image, it was enlarged to set a record and make a bold statement." 🤷 This file surpasses the previous record for Bitcoin inscriptions set in March by a mere 0.001 MB. 🧐 Post the 2017 Segregated Witness hard fork, the block capacity in Bitcoin's network was upped from 1 MB to 4 MB. Laflan notes that any attempt to exceed this limit is bound to fail.

$DOGE has been added to Tesla's payment options. 😎 Previously, Elon Musk had expressed intentions to introduce his "favorite" cryptocurrency as an available payment method.

A wallet that was inactive for over 10 years woke up and transferred all 687 BTC ($43.9 million) to another address. 👀 The user bought the coins on January 12, 2014, when the price was $917 for 1 BTC. 🧐 Interestingly, after that, the price of Bitcoin fell to $200 just a year later, but the owner of the coins did not immediately sell them in the next bull run. 💪This is steel endurance!

🚨 Cartier Heir Arrested for Drug Trafficking & Money Laundering 🙀 The US Department of Justice has taken into custody Maximilian de Hoop Cartier, a direct descendant of Cartier's founder, Louis Cartier. 🙈 He faces charges of conspiring to launder money through USDT from illegal drug operations. 😁 Alongside five Colombian nationals, he allegedly tried to import 100 kg of cocaine and launder hundreds of millions of dollars. 🚓 Before their arrest, the group successfully laundered $14.5 million.

🎆 The Bitcoin network has surpassed 1 billion transactions! 💪 Today, the Bitcoin network reached a milestone by recording its billionth transaction on block 842,241, according Clark Moody data. ✔️ This landmark was achieved 15 years after the launch of BTC.

Lawsuit Filed Against Coinbase for Alleged Securities Law Violations 👀 Coinbase customers have initiated a legal action against the exchange, alleging the unauthorized offering of securities. 📝 The lawsuit specifically targets several cryptocurrencies including $ALGO, $MANA, $MATIC, $NEAR, $UNI, $SOL, $XLM, and $XTZ. 😳 The plaintiffs claim they have incurred financial losses from investments in these coins and hold Coinbase responsible for their financial damages.

Bitfinex Hack Update: Hackers vs Company Claims 🔓 Hack Allegations: A group called FSOCIETY claims to have breached Bitfinex, accessing 2.5 TB of data and the personal details of 400,000 exchange users. They threaten to release KYC data unless their demands are met. 🛑 Company's Response: Bitfinex's CTO has declared the leak a hoax. According to him, of the 22,500 emails leaked, only 5,000 match Bitfinex accounts—a far cry from the 100% match expected if the breach were real. Moreover, the company has had no contact with the alleged hackers. 💡 Analyst Insight: Industry experts suggest that FSOCIETY's claims might just be clickbait aimed at selling hacking tools for $299 on Telegram. 🔗 Stay informed, and always verify the sources!