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🔥 Rally Report 🔥 STACKS The price of STX has rallied by 7% in the past 24 hours. WHY?! 📈 According to data from DefiLlama, the TVL (denominated in STX) on Bitcoin layer-2 network Stacks has hit a new all-time high. Data from Signal21 also shows that the number of active wallets and transaction volume on Stacks just hit a new all-time high. 🎙 Grayscale, which recently launched the ‘STX’ Trust, has announced a live broadcast with Stacks Co-Creator Muneeb Ali, scheduled for June 6 at 11 AM ET. If you want to buy or trade STX, we have an exclusive $60K. COIN BUREAU DEALS registration is on.

🚨 New Video Alert!! 🚨 Did you buy altcoins in the previous cycle? Altcoins that are still underwater? Well, that appears to be the case for many of the best performing altcoins from the previous cycle. In fact, there are only 8 coins that have broken through their previous all-time highs in relation to Bitcoin. However, could we see a recovery for some of the last cycles hottest coins? LINK, ADA, XRP, ALGO? The list goes on. That depends on several factors that include everything from broader macro conditions to the underlying state of the crypto market. There are also unique characteristics of these coins that you need to take account of. In the video today, we break down exactly what these factors are and how likely they are to impact on your bags. Don't miss it!

🔔 MARKET MOVING NEWS! (05/06/24) 1️⃣ FTX Might Settle Its $24 Billion IRS Tax Bill for $200 Million 🔍 FTX is reportedly looking to settle the Internal Revenue Service’s $24 billion claim for a fraction of the amount, clearing the way for the crypto exchange to pay out significant customer recoveries. Specifically, FTX has proposed that the IRS shall receive a $200 million claim in FTX’s bankruptcy and a $685 million lower priority claim, payable on a subordinated basis to customers and other creditors. The FTX Debtors argue that the IRS has wrongly included misappropriated funds from Sam Bankman-Fried and other tax liabilities in their calculations. The settlement will become effective after it is approved by a bankruptcy judge and its broader restructuring plan becomes effective. Source 2️⃣ SEC To Close Regional Office After Judge Dismisses DEBT Box Case ▶️ The United States Securities and Exchange Commission (SEC) is reportedly closing its Salt Lake City office after seeing "significant attrition" among its staff. Notably, the announcement comes after a federal judge ordered the regulator to pay roughly $1.8 million in attorney and receivership fees for committing a "gross abuse of power" in seeking to freeze the assets of Utah-based crypto company DEBT Box on misleading grounds. Some of the Salt Lake City office’s staff were pushed out over the case. The regulator's Denver office is set to take over any enforcement jurisdiction. Source 3️⃣ Japanese Crypto Exchange DMM Bitcoin Outlines Funding Plan To Cover Over $300 Million In Hack Losses 💸 Japanese crypto exchange DMM Bitcoin, which was recently hacked for $320 million worth of BTC, has outlined plans to cover losses from the theft last week. According to an English translation of a statement made in Japanese on the company’s website on Wednesday, DMM Bitcoin plans to raise 50 billion yen ($320 million) with financial support from its group company, the electronic commerce and Internet company DMM Group, to compensate users for their losses. The crypto exchange said it had procured 5 billion yen ($32 million) through borrowing as of June 3. A further capital increase of 48 billion yen ($307.6 million) is scheduled for June 7, followed by subordinated borrowing of 2 billion yen ($12.8 million) on June 10, bringing the total funds to $352.4 million. Source 4️⃣ Polygon Acquires Zero-Knowledge Cryptography Firm Toposware 🤔 Polygon Labs has reportedly acquired Toposware, a blockchain research firm that helped develop Polygon’s Type-1 prover – a core component of the company's zero-knowledge (ZK) product suite. Notably, this marks Polygon Labs’ third investment in ZK startups over the past three years and brings its cumulative investment in ZK technology to over $1 billion. After the acquisition, 11 engineers from Toposware will join the existing ZK development teams on Polygon. Source 5️⃣ StarkWare Launches $1M Research Fund For ZK Bitcoin Scaling ⚡️ StarkWare, the Israeli-based company behind the popular Ethereum layer-2 network StarkNet and scalability engine StarkEx, has announced plans to bring mass use to Bitcoin using zero-knowledge (ZK) technology backed by a $1 million research fund. StarkWare’s announcement reportedly aims to further Satoshi Nakamoto’s vision by enabling everyday micropayments and creating a scalable solution to support global Bitcoin transactions. StarkWare CEO Eli Ben-Sasson stated,

Bitcoin today is mighty, but still a fraction of what it can be. Crypto can clean up the digital world and finance. It can deliver integrity to money and rebalance power in our society, taking it away from Big Tech and restoring it to sovereign individuals [...] therefore, we need a vision that showcases this. No such vision is complete without scaling the chain that started this great project.

Source 6️⃣ U.S. Lawmakers Urge Biden to Rescue 'Hostage' Binance Exec From Detention in Nigeria ‼️

U.S. lawmakers have reportedly sent a letter to President Joe Biden, urging him to bring Binance executive Tigran Gambaryan home from detention in Nigeria. The letter argued that the case be treated as a hostage situation since the executive’s "health and well-being are in danger" due to being refused adequate health care in prison amid a three-month detainment marked by “excessive and harsh treatment.” The U.S. House members argue the charges levelled against Gambaryan are "baseless" and describe it as a "coercion tactic by the Nigerian government to extort his employer." They state Gambaryan should be considered a "U.S. Citizen wrongfully detained by a foreign government,” under the terms of the Robert Levinson Hostage Recovery and Hostage-Taking Accountability Act.

🔥 Rally Report 🔥 FLOKI INU The price of FLOKI has rallied by 25% in the past 24 hours. WHY?! 💰 Market maker DWF Labs announced a ‘commitment’ to buy $12 million worth of FLOKI tokens from the open market and the Floki treasury to support the project’s growing ecosystem. 🔍 The announcement comes after DWF recently announced its intentions to double down on the memecoin ecosystem. Notably, the price of FLOKI has gone 10x since the project announced its first partnership with DWF Labs in May 2023. If you want to buy or trade FLOKI, we have an exclusive $60K. COIN BUREAU DEALS.

🔔 MARKET MOVING NEWS! (04/06/24) 1️⃣ Dapper Labs Reaches $4 Million Settlement in NBA Top Shot NFT Lawsuit 🤔 According to recent court filings, Dapper Labs has reached a tentative settlement agreement with customers who filed a class-action lawsuit arguing that NBA Top Shot NFTs constituted illegally offered securities. As part of the settlement, Dapper will pay out $4 million in exchange for the plaintiffs forfeiting any future right to claim that Top Shot NFTs are securities. According to Dapper Labs CEO Roham Gharegozlou, the money will go towards payments to the class members, attorneys’ fees and settlement administrator costs. Source 2️⃣ MicroStrategy And Michael Saylor Settle Tax Case For $40M ▶️ According to a New York Times report, MicroStrategy and its founder Michael Saylor have agreed to a $40 million settlement with the District of Columbia to end a lawsuit accusing him of evading income tax. Notably, the District of Columbia sued Saylor and his company in August 2022, alleging the executive paid no income taxes in the district during the more than 10 years he had lived there. Local officials assessed the agreement as the “biggest-ever income tax fraud recovery” in the district. It is also reportedly the first lawsuit under the district’s amended False Claims Act, which encourages whistleblowers to file tax evasion claims against residents allegedly hiding residence information. Source 3️⃣ Coinbase Donates $25 Million To Crypto Super PAC Fairshake 💰 Crypto exchange Coinbase has reportedly donated an additional $25 million to the pro-crypto federal super political action committee Fairshake as it ramps up lobbying for pro-crypto candidates ahead of the November United States elections. Notably, this donation brings Fairshake’s total haul this cycle to $160 million, making it one of the largest PACs attempting to influence the outcome of November’s election. Coinbase’s donation comes just a week after Ripple and crypto venture firm a16z also donated similar sums to the PAC. Source 4️⃣ E-Trade Considers Kicking Meme-Stock Leader Keith Gill Off Platform 🔍 According to a Wall Street Journal report, top retail stock trading platform E-Trade is considering removing GameStop (GME) meme stock trader Keith Gill (aka “Roaring Kitty”) off its platform over concerns of potential stock manipulation around his recent purchases of GameStop options. Specifically, the report states that E-trade and its owner Morgan Stanley, are concerned Gill can use his influence to pump GME for his benefit and are debating whether recent posts on X and Reddit could be considered manipulation. However, no decision has been made yet since the platform is worried that removing him could draw negative attention to it. Source 5️⃣ Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany 🤝 Crypto broker Bitpanda has reportedly partnered with Deutsche Bank to process fiat deposits and withdrawals for its users in Germany. The partnership will allow Bitpanda to use an application programming interface (API)-based account solution, which enables the crypto trading platform to access German International Bank Account Numbers (IBANs). Source 6️⃣ Block Earner Spared Penalty In Regulator’s Crypto Yield Suit ‼️ Australia’s federal court has reportedly spared fintech firm Block Earner from paying a fine despite the court finding it offered a crypto yield-bearing product without a financial services license. Notably, Justice Ian Jackman ruled that Block Earner doesn't need to pay a penalty since it acted honestly in seeking to engage with the government over regulation of crypto-related products and services. The judge also ordered the country's financial regulator ASIC to pay some of the legal dispute costs with Block Earner and chided it for publishing a "misleading media release." Specifically, ASIC had published a press release entitled "Court finds Block Earner crypto product needs financial services licence," which the judge held as "unfair and misleading" giving rise to “reputational damage.”

Rally Report DOG•GO•TO•THE•MOON The price of DOG has rallied by 18% in the past 24 hours. WHY?! Part of a larger rally seen among tokens belonging to the Runes protocol. DOG’s rally also aligns with the broader rally seen among dog-themed memecoins. DOG has more than doubled in value over the past week. It is also the first Runes-based token to break into the top 100 coins by market cap. COIN BUREAU DEALS.

🚨 New Video Alert!! 🚨 Time for another weekly crypto review. Last week’s biggest headline is one that went unnoticed, and that’s President Biden vetoing the pro-crypto resolution. We explain why it’s so significant. Another significant headline that flew under the radar was the news of a healthcare company adding BTC as a reserve asset. This could mark the beginning of a new trend that would be bullish for BTC. Most importantly, markets appear to be increasingly anxious heading into the Fed’s upcoming meeting scheduled for next week. Inflation is still sticky, and the Fed could try to wipe it out with a nasty surprise. All this and more in today’s video! P.S. Watch until the end for some magic 😉