Trustee Global

Top crypto news on May 19, 2024 from the #Trustee team ⛑ According to Bloomberg, cryptocurrency exchange Kraken may stop supporting USDT in EU countries after MiCA approval. The company's manager said that there are no plans for delisting yet. 🎱 Venezuela will shut down cryptocurrency mining farms to reduce electricity demand. For this purpose, the Department of Energy has initiated monitoring of users with high energy consumption. 🚀 The co-founder of Syncracy Capital believes the Solana (SOL) rate will soon return to $200, signalling the achievement of a ATH. Solana network was previously named the fastest blockchain (1,053 TPS). 🎬 Binance Research noted that tokens with a total value of $155 billion will be unlocked between 2024 and 2030, which they believe will put a lot of pressure on the cryptocurrency market. ⏰ A US court has approved Genesis' liquidation plan. Already at the end of May 2024, the creditor will start recovering assets frozen since November 2022 after the collapse of FTX, 3AC and other companies. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 17, 2024 from the #Trustee team 🚂 CoinGecko have identified the fastest blockchains. The first place is Solana with 1053 TPS, that's 46 times faster than Ethereum. Then Sui (854 TPS), DSC (378 TPS), Polygon (190 TPS) and TON (175.5 TPS). 🏆 The Notcoin team has sent 1.03bn NOTs ($6.8m) raised by the game's community to Pavel Durov's balance sheet. The Telegram CEO said he will hold the NOT tokens received until their value grows to $680 millions, and also spoke about the project's success. 🇫🇷 The French financial regulator has warned citizens about the possible blocking of Bybit's website, saying the cryptocurrency exchange has been blacklisted since 20 May 2022 for breaking laws. 🎱 Entrepreneur Andrew Tate has announced that he has decided to completely «get out of fiat and invest over 100 million in BTC» as he is tired of banks. Blockware called the decision «common sense». 📵 «Synthetic» stablecoin sUSD has collapsed to $0.92, losing its peg to the dollar — a major liquidity provider has withdrawn from the pool, triggering a wave of redemptions. The sUSD rate is now $0.978. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 16, 2024 from the #Trustee team 🚂 Tether has partnered with the TON Foundation and the Oobit service «to create seamless crypto-payment solution»". Earlier, Tether launched support for the USDT stablecoin on the TON network. 🦾 CEO DWF Labs said that hundreds of Notcoin and NOT token analogues will soon appear on TON, looking to replicate their success. NOT was listed on three major exchanges yesterday. ⛑ Meanwhile, the Notcoin team announced future plans: a major NOT burn, development of the gaming ecosystem, the imminent launch of the first game, and contests for developers. 🎩 CME, the Chicago Mercantile Exchange, is poised to launch spot trading of Bitcoin (BTC), «aiming to capitalise on surging demand» among Wall Street managers to gain exposure to the crypto sector. 🎁 Millennium Management has invested $1.94 billions in spot Bitcoin-ETFs — 3% of its assets. The State of Wisconsin Investment Board also contributed to the fund — to the tune of $164 million. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 15, 2024 from the #Trustee team 🚀 Galaxy Digital CEO predicted Bitcoin exchange rate to $75,000 by the end of June 2024. Meanwhile, BTC price climbed above $64,000 amid news of lower inflation in US — 3.4% with a forecast of 3.5%. ♟ Circle, USDC stablecoin issuer, has filed paperwork with an Irish court to change jurisdiction — it will move its headquarters to the United States. This move is most likely part of preparations for IPO. 🌋 In June 2021, El Salvador's president announced the launch of Bitcoin mining using geothermal energy. Now, three years later, it has been revealed that the country has mined 473.5 BTC from a station at the Tecapa volcano. Today, El Salvador owns 5,750 BTC. 🥷 Authorities in China have uncovered a «shadow» bank using the Tether to illegally exchange for yuan. According to investigators, the bank had a turnover of about 13.8 billions yuan (almost $1.9 billion). 📕 Changpeng Zhao, in response to a request to write a book on the crypto leaders, said he plans to do so as he is looking forward to «some quiet time». In April 2024, he was sentenced to four months in prison. He stepped down as CEO Binance in 2023, after a guilty plea. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 14, 2024 from the #Trustee team ⛑ Ethereum founder Vitalik Buterin proposed the creation of EIP-7706, a standard to enable «multi-dimensional» comission pricing. A week earlier, he introduced EIP-7702, a standard to simplify the implementation of account abstraction (new type of wallets). 🦾 OpenAI has introduced a new version of ChatGPT — GPT4o (omni). It is capable of understanding and outputting data in the form of text, audio and images. Within 24 hours, the capitalisation of the AI token sphere grew by 17.4% to reach above $30 billions. 🚂 Ethena Labs, the issuer of the «delta neutral synthetic stablecoin» USDe, has unveiled a roadmap for 2024. Their goal: «convergence» of TradFi with CeFi and DeFi finance in the single crypto ecosystem. 🎮 The number of active players of the web3-game Pixels reached 1 million per day. The project also ranked second in the number of active wallets per month — 2.04 million with a total of 3.7 million. 🚀 100% of investors in the PEPE meme project made profits as it reached a new all-time high for the token. During the last month, its exchange rate rose 112% and its capitalisation reached $4.7 billions. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 13, 2024 from the #Trustee team 🧲 Analyst Jamie Coutts believes that the total value of smart contract platforms by 2030 could be between $15 trillion and $25 trillion. The main condition for this growth will be their use by AI agents (40% of the total number of daily customers). 🗿 According to Bitfinex, the market silence may last until the third quarter, after which it will return to the growth phase. Sentiment in this case will be most negative before the trend reversal. 🚂 The TON team reported that the TON-based USDT reached 200 million in circulation less than a month after launch, setting a record «as the fastest growing launch in the history of Tether’s USDT». 🎱 Many Chinese officials who receive payment in digital yuan immediately change it to cash. They don't use CBDC because of the inconvenience, lack of interest and weak application. ⛑ The CEO Ripple said that the US is monitoring Tether's activities. He believes that «a black swan» level event awaits the market in the future. CEO Tether reminded that Ripple is under investigation by the SEC and wants to launch its stablecoin by the end of 2024. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 12, 2024 from the #Trustee team 🍎 Twitter founder and Block CEO Jack Dorsey believes Bitcoin will be above $1m by 2030. Previously, analyst Colin Wu predicted BTC «fair rate» at $1m by 2035 based on the network's user growth curve. 🎱 JPMorgan has invested $760 000 in five spot Bitcoin-ETFs. Hightower's $68 million investment in six ETFs and SIG's $1.2 billion investment in seven BTC funds were also revealed. ⛑ The US Department of Justice has selected consulting firm Forensic Risk Alliance (FRA) — as a monitor of Binance. It will monitor the crypto exchange's activities for three years. 🎩 Bitcoin Magazine's CEO David Bailey said that Donald Trump's team, along with the magazine's editorial team, has developed a «their Bitcoin and crypto policy agenda». The document will be signed on the first day of business, should Trump win, he said. 📕 Deutsche Bank published a report on stablecoins. Experts estimated that 49% of tokens fail within 8-10 years and questioned the solvency and transparency of Tether USDT. At the same time, the last report of the stablecoin issuer was released on 01 May. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 10, 2024 from the #Trustee team ‼️ India's FIU has approved the return of Binance and KuCoin to the country's market, after paying fines. For KuCoin it is $41,000, while the amount for Binance is yet to be determined. Meanwhile, in Canada, Binance was issued a fine ($4.4m) for not having a licence. 🎩 Pantera Capital CEO Dan Morehead said that «Pantera recently made the largest investment in its history in TON». The amount was not named, but the fund was recently preparing to raise $1 billion. 🎒 SIG, the trading corporation of Susquehanna International Group, invested $1.2 billion in 7 BTC-based spot ETFs in Q1 2024. It also raised its stake in a futures ETF by 57% ($255 million). 🥷 According to Privacy Scaling Explorations, the Proof-of-Reserves audit algorithm of cryptocurrency exchange Binance is vulnerable. The problem stems from a lending feature that allows «fictitious customer» assets to be counted as reserves during the audit. 🎁 Wells Fargo, the fourth largest bank in the US, reported investing in the spot Bitcoin-ETF. It holds shares of BITO from ProShares, GBTC from Grayscale and Bitcoin Depot, a crypto-ATM provider. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Greetings! 🤝 Since February 24, 2022, social media feeds have been ablaze with fundraisers for various needs, and Ukrainians have shown that unprecedented unity can make wonders. 🇺🇦 While hundreds of thousands of our defenders tirelessly fight for every inch of land and the future of the country, we must do everything possible to preserve their lives. 🦾 Therefore, in collaboration with the Azov Patronage Service, we have launched the crypto fundraiser «Saved company», aimed at raising 5,000,000 UAH for the rehabilitation of wounded soldiers from the legendary 12th Special Operations Brigade of the National Guard of Ukraine and the 3rd Separate Assault Brigade of the Armed Forces of Ukraine. 💰 To participate, you need to make a donation in any available cryptocurrency or fiat currency from your Trustee Plus balance or perform a few simple actions and transfer the received bonus UAH in the application. 💸 Be sure to share the fundraiser with all your crypto friends and convert virtual assets into saved lives. Let's fight for our defenders as they fight for us!

Top crypto news on May 09, 2024 from the #Trustee team 🚂 More than 20% of US citizens believe cryptocurrencies are a key factor in the forthcoming presidential election, according to a DCG poll. Up to 26% of respondents reported owning/owning assets. Meanwhile, Trump has pledged to support the industry if he wins. 🦾 Genesis Digital Assets has opened a mining centre in Argentina using energy from the combustion of associated gas that is released from oil during its extraction. The centre has a capacity of 7MW. 🎯 An anonymous user transferred 1 ETH to a BlackRock crypto address via Tornado Cash. The $17 billions wallet is now marked as a recipient of funds from the under-sanctioned crypto platform. 🏛 Bancolombia, a leading Colombian bank, announced the launch of Wenia crypto exchange. The platform is preparing to attract 60,000 clients in its first year and «compete with Binance». The bank will also launch a COPW stablecoin equal to the COP peso rate. 🎁 Three exchanges — Binance, Bybit and OKX — have announced the listing of NOT, the Notcoin token. Trading will begin on 16 May at 12:00 UTC. It was being prepared to be released back on the Halving. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin