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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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01
Riot Platforms, one of the largest crypto mining companies, will seek to acquire BitFarms, another leading mining company. Riot has acquired a 9.25% stake and planned to make a public takeover offer, but was rejected last month. Riot has proposed to acquire Bitfarms for $2.30 per share to an equity value of $950 million. — link
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02
ENS Labs proposes to extend the Ethereum Name Service (ENS) to Layer2, and calls this work "ENSv2" to enhance scalability and reduce gas fees. However, ENS Labs has not yet selected a specific stack or Layer 2 network for migration. ENS is Vitalik's most recognized application project. — link
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03
Grayscale survey shows that geopolitical tensions and inflation have led more and more American voters to turn to Bitcoin, with 47% of voters expecting part of their portfolio to include cryptocurrencies, up from 40% at the end of last year. Cryptocurrency has become an issue that neither party can ignore. — link
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04
ZKasino said they are now initiating the 2-step bridge back process in which bridgers can sign up and bridge back their ETH at a 1:1 ratio. Previously, the Netherlands arrested a ZKasino Rug related 26-year-old man and seized various assets worth more than 11.4 million euros. — link
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05
According to Bloomberg, former FTX executive Ryan Salame was sentenced to 7.5 years in prison. Previously, US prosecutors said Ryan Salame should be sentenced to 5-7 years in prison. Salame's lawyers argued that the prison term should not exceed 18 months. This is the first senior deputy in SBF's inner circle to be punished. — link
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06
The Bernstein report predicts that the total Bitcoin and Ethereum ETF market will grow to US$450 billion, and more than US$100 billion will flow into crypto ETFs in the next two years. The Bitcoin cycle high in 2025 will be US$150,000, and the target price by the end of this year will be US$90,000. Solana (SOL) could benefit from ETH ETF. — link
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07
According to CoinShares, digital asset investment products saw inflows for the third week in a row, totaling $1.05 billion, bringing the total year-to-date inflows to a record high of $14.9 billion. Ethereum saw inflows of $36 million this week, which may be an early reaction to the approval of the ETH ETF in the United States. — link
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08
Mt. Gox: 1JbezD...KLAPs6 is undergoing further distribution and has all been transferred out, with 47.229k BTC transferred to the new address: 1HeHLv...vHoV68, 23.797k BTC transferred to the new address: 1zuWGg...FWGRH6, 47.229 k BTC transferred to the new address: 16eAGJ...37P9gX and 19.41k BTC transferred to the new address: 15VuDC...gSZnh4. — link
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09
David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide of the Trump campaign, revealed that Trump asked if Bitcoin could be leveraged to solve the U.S. national debt problem. The Bitcoin Magazine team is advising Trump on developing a policy that is friendly to Bitcoin and cryptocurrencies. — link
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10
Mt. Gox related addresses also transferred a total of 142,846.22 BCH to the unmarked address: 1LG4Gu...gRpipi today. Currently holding 142,824.27 BCH, worth approximately US$67.9 million, making it the 11th largest BCH currency-holding whale address. — link
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11
KuCoin announced a partnership with A&O Shearman law firm to address the lawsuits from the DOJ and CFTC. KuCoin CEO Johnny stated that multiple rounds of communication have been conducted with the DOJ and CFTC. He remains optimistic and noted that KuCoin has restructured its organisation, upgraded its sysyems, made significant investments in security and compliance. — link
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12
Mt. Gox stated in the latest official announcement that they have not yet made direct repayments of BTC or BCH through designated cryptocurrency exchanges, nor have they sold BTC and BCH to make repayments from the proceeds. The Rehabilitation Trustee is currently managing Bitcoin and Bitcoin Cash in a secure manner. Former Mt. Gox CEO Mark Karpelès expressed a similar view on X, stating, "The Trustee is transferring the tokens to another wallet in preparation for potential distributions this year, and will not immediately sell Bitcoin." — link
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13
The Mt. Gox-related address may have transferred all BTC to this unmarked address: 1JbezD...KLAPs6, no further transfer has occurred yet. This is the first transfer out of the Mt. Gox-related address since July 2019. 1JbezD...KLAPs6 currently holds a total of 141.686k BTC, worth approximately $9.62 billion.
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14
Bithumb, South Korea's second largest crypto exchange, announced that it will list the Korean won trading pair of Arweave (AR) and ENS (ENS). AR deposits will be opened at 15:00 on May 28, UTC+8, and ENS deposits will be opened at 14:30. — link
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15
Just In: Mt. Gox cold wallet transferred 12.24k BTC (about $840 million) to the unmarked address: 1JbezD...KLAPs6 today. The Mt. Gox address currently holds 137.892k BTC. Mt Gox will distribute its holdings of 142,000 BTC and 143,000 BCH to creditors before October 31, 2024. — link
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16
Nate Geraci, president of ETF Store, said that no one can be sure when the US SEC will approve the spot Ethereum ETF registration statement, which is expected to be in the next few weeks or 2 to 3 months at most. Now it's just a matter of how long the SEC wants to delay. Former SEC Chairman Jay Clayton predicted trading could begin in July or August. — link
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17
Gala Games expressed its gratitude to Binance for working with its team and law enforcement to identify the suspects in the recent hack. Gala Games was hacked on May 21 and issued an additional 5 billion GALA. The hackers later returned the stolen assets, which may have exposed. — link
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18
According to Cryptoslate, the European Securities and Markets Authority defines Maximum Extractable Value (MEV) as a clear example of illegal market abuse in the MiCA draft. Regulated crypto businesses, including exchanges and brokers, are required to detect and report MEV instances. — link
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19
YouTube co-founder and former CTO Steve Chen supports Pajamas (PAJAMAS), a Memecoin project based on the first cat video uploaded to the YouTube in 2005. The project was launched on the Solana and currently has a market cap of over $20m. Chen said he was not initially involved, but was driven by a large number of users to support it. Cointelegraph
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20
According to Finbold, George Soros updated his stock portfolio. Soros Fund Management LLC owned 193 stocks worth about $6 billion at the end of the first quarter of 2024. The fund holds MicroStrategy stock worth about $135 million. — link
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21
As the TRUMP Memecoin rises, the value of publicly held cryptocurrencies on the Donald Trump team’s addresses has exceeded $10 million, primarily consisting of 579.29k TRUMP (approximately $7.18 million) and 463.441 ETH (approximately $1.82 million). — link
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22
Analysis: Why is there a huge mismatch between the initial scale and trading volume of Hong Kong crypto ETFs? — link
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23
QCP: ETH rallied from 3810 to 3940 during Asia open, likely from Trump's pro-crypto comments over the weekend. While we are structurally positive ETH, we don't see a major breakout until we have more clarity on the S-1 approvals and get some inflow data. — link
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24
Jan3 CEO Samson Mow warns: I'm not bullish on politicians becoming pro crypto. It may feel nice given the prior hostile anti-crypto stances, but long term it's bad for Bitcoin. Without a strong Bitcoin ethos, this shift only paves the way for the next FTX/Luna/Genesis. He emphasizes that Bitcoin, with its decentralized, permissionless, and censorship-resistant nature, stands apart from many other coins that may have risk profiles. — link
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25
On-chain data shows that two whale addresses ending with 937Be1 and e088c9 have transferred nearly US$100 million worth of ETH and BTC to the Manta Pacific network to participate in Manta CeDeFi products. Manta CeDeFi obtains institutional CeFi income and funding rate arbitrage income through Ceffu MirrorX technology. — link — link
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26
According to Cryptonews, authorities in Argentina and El Salvador held talks on Bitcoin adoption. The two parties discussed a cooperation agreement related to digital assets. Argentine officials hope to learn from El Salvador’s experience in using Bitcoin as a legal tender and plan to sign a cooperation agreement. — link
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27
DeFiance Capital founder Arthur predicts that ETH will be able to reach $4,500 before spot ETH ETF trading goes live. A survey conducted by WuBlockchain in the Chinese community shows that 58% people believe that ETH can rise to $10,000 and even more in this cycle. — link
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28
Friend Tech co-founder Racer said that if people can figure out a way to migrate Friend Tech from Base without causing major problems for users, and it works well enough, it will pay you $200k, said the team's relationship with Base has been rocky, and said it was ostracized by the Base community. — link
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29
Well-known trader GCR X’s account was stolen. Hackers released bullish and heavy position information on ORDI, causing ODRI to rise from around 38 USDT to 44.5 USDT in the short term. The hacker established positions on OKX and Binance 6 minutes in advance. — link
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30
Asia's weekly TOP10 crypto news: Hong Kong Rules Worldcoin in Violation of Privacy Ordinance, OKX and Gate Withdraw Hong Kong License Applications and Top10 News(0520-0526)— link
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31
Former U.S. Heartland Tri-State Bank CEO Shan Hanes has pleaded guilty to embezzling $47.1 million and causing the bank's collapse, according to DLNews. Hanes transferred bank funds into cryptocurrency accounts through 10 wire transfers, leaving multiple victims unable to recover their savings and retirement funds. Hanes will be sentenced on August 8 and faces up to 30 years in prison. — link
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32
The Arbitrum community is currently conducting on-chain voting on the "200 million ARB Game Catalyst Plan" proposal (approximately US$221 million). The proposal aims to provide a three-year incentive program for Arbitrum games. Voting will close in 12 days. https://www.tally.xyz/gov/arbitrum/proposal/53472400873981607449547539050199074000442490831067826984987297151333310022877
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33
Memecoin Normie was attacked, and its price plummeted by more than 99% in one minute, with its market value falling from $40 million to less than $200k. The supply of Normie has been significantly increased, and the attacker used a loophole in the contract's tax mechanism to conduct a flash loan attack. — link
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34
TD Cowen predicts the SEC will keep its Democratic majority through 2026. "We expect the agency will continue to litigate against crypto trading platforms that trade tokens that the agency believes are unregistered securities". Next ETF to come within a year might be an offering with a "basket of crypto tokens". — link
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35
According to Aptoscan, on May 24, the number of Aptos user transactions in a single day reached 97.488 million, hitting a record high, breaking the previous L1 record of more than 65m set by Sui. Aptos User TPS reached 27k that day , also hit a record high. Mainly related to Tapos, a game where you earn rewards by tapping the screen. — link
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36
Donald Trump: Crypto and the future of bitcoin will be made in USA, i will support the right of self custody for the nation's 50 million crypto owners, i will keep Elizabeth Warren away from bitcoin, i will never allow CBDC, i will also stop Joe Biden's crusade to crush crypto. — link
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37
Bloomberg ETF analyst James Seyffart said demand for spot Ethereum ETFs could reach 20% to 25% of demand for spot Bitcoin ETFs. This prediction is based on the Ethereum market being approximately 30% the size of Bitcoin. Limitations of the Ethereum ETF include the inability to stake and the inability to take advantage of on-chain utility. — link
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38
Weekly Project Updates: zkSync Nears Token Generation Event, LayerZero Reopens Sybil Bounty Applications Next Tuesday, Uniswap Advances Fee Conversion Plans, etc — link
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39
According to Protos, the Bitcoin whitepaper has been re-uploaded to the Bitcoinorg website after Craig Wright failed in his attempt to prove in court that he is Satoshi Nakamoto. Hennadii Stepanov, the maintainer of Bitcoinorg, announced the return of the Bitcoin whitepaper. In 2021, Wright successfully sued Cøbra for copyright infringement, and the website was subsequently asked to remove the whitepaper PDF. Protos
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40
Vitalik proposed the first block on the Taiko mainnet, and wrote in the block: I'm excited to see that Taiko is launching as a based rollup. Ethereum benefits from L2s taking a plurality of different approaches, and I appreciate them being among the first to go in this direction. — link
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Riot Platforms, one of the largest crypto mining companies, will seek to acquire BitFarms, another leading mining company. Riot has acquired a 9.25% stake and planned to make a public takeover offer, but was rejected last month. Riot has proposed to acquire Bitfarms for $2.30 per share to an equity value of $950 million. — link
Показати все...
2
ENS Labs proposes to extend the Ethereum Name Service (ENS) to Layer2, and calls this work "ENSv2" to enhance scalability and reduce gas fees. However, ENS Labs has not yet selected a specific stack or Layer 2 network for migration. ENS is Vitalik's most recognized application project. — link
Показати все...
🔥 4 3
Grayscale survey shows that geopolitical tensions and inflation have led more and more American voters to turn to Bitcoin, with 47% of voters expecting part of their portfolio to include cryptocurrencies, up from 40% at the end of last year. Cryptocurrency has become an issue that neither party can ignore. — link
Показати все...
2👍 1
ZKasino said they are now initiating the 2-step bridge back process in which bridgers can sign up and bridge back their ETH at a 1:1 ratio. Previously, the Netherlands arrested a ZKasino Rug related 26-year-old man and seized various assets worth more than 11.4 million euros. — link
Показати все...
🤣 17👏 4 3😱 2🙏 1
According to Bloomberg, former FTX executive Ryan Salame was sentenced to 7.5 years in prison. Previously, US prosecutors said Ryan Salame should be sentenced to 5-7 years in prison. Salame's lawyers argued that the prison term should not exceed 18 months. This is the first senior deputy in SBF's inner circle to be punished. — link
Показати все...
👍 8 5🤣 3😱 2
The Bernstein report predicts that the total Bitcoin and Ethereum ETF market will grow to US$450 billion, and more than US$100 billion will flow into crypto ETFs in the next two years. The Bitcoin cycle high in 2025 will be US$150,000, and the target price by the end of this year will be US$90,000. Solana (SOL) could benefit from ETH ETF. — link
Показати все...
🔥 9 3👍 1
According to CoinShares, digital asset investment products saw inflows for the third week in a row, totaling $1.05 billion, bringing the total year-to-date inflows to a record high of $14.9 billion. Ethereum saw inflows of $36 million this week, which may be an early reaction to the approval of the ETH ETF in the United States. — link
Показати все...
10👍 1
Mt. Gox: 1JbezD...KLAPs6 is undergoing further distribution and has all been transferred out, with 47.229k BTC transferred to the new address: 1HeHLv...vHoV68, 23.797k BTC transferred to the new address: 1zuWGg...FWGRH6, 47.229 k BTC transferred to the new address: 16eAGJ...37P9gX and 19.41k BTC transferred to the new address: 15VuDC...gSZnh4. — link
Показати все...
4
David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide of the Trump campaign, revealed that Trump asked if Bitcoin could be leveraged to solve the U.S. national debt problem. The Bitcoin Magazine team is advising Trump on developing a policy that is friendly to Bitcoin and cryptocurrencies. — link
Показати все...
6🔥 2😱 1🤣 1
Mt. Gox related addresses also transferred a total of 142,846.22 BCH to the unmarked address: 1LG4Gu...gRpipi today. Currently holding 142,824.27 BCH, worth approximately US$67.9 million, making it the 11th largest BCH currency-holding whale address. — link
Показати все...
5