SEC Unveils Plan to Compensate Investors in Mila Kunis' Stoner Cats
The SEC seeks to compensate investors in Mila Kunis-backed Stoner Cats NFTs, which were deemed an unregistered securities offering that violated federal law.
The U.S. Securities and Exchange Commission (SEC) has announced a proposed plan to distribute funds collected from Stoner Cats 2 LLC following enforcement actions over securities violations. In a court filing on Wednesday, the SEC detailed that the company conducted an unregistered sale of non-fungible tokens (NFTs).
Stoner Cats 2 LLC, the company behind the NFT-funded animated web series “Stoner Cats,” was notably backed by actress Mila Kunis. The animated web series featured voice talents from Kunis, Ashton Kutcher, and Chris Rock. The company sold 10,320 NFTs to the public for $800 each, amassing $8.2 million in proceeds. The SEC determined the offering was a sale of crypto asset securities and violated Sections 5(a) and 5(c) of the Securities Act of 1933. The company was fined $1 million, and a Fair Fund was created to compensate impacted investors.
The Crypto Bull Market Madness of Late 2024. Meme Coins vs. "Builders"
The crypto bull market of late 2024 has been nothing short of chaotic a spectacle of extremes. On one side, we’ve seen meme tokens skyrocketing to billion-dollar market caps in mere days, gaining listings on tier-one exchanges and driving an unprecedented frenzy. On the other, we find long-standing projects that have been "building" for years, completely missing out on the bull market action. Meme Coins: The Rocket Fuel of Bull Runs Meme tokens encapsulate the craziness of the market. With barel
MICHAEL SAYLOR WANTS TO BUY ANOTHER $1 BILLION OF #Bitcoin❗
Michael Saylor X Post:
"Given high demand, we upsized our $MSTR offering of 0% convertible bonds due 2029 from $1.75 billion to $2.6 billion, including a $400 million greenshoe option, and priced it at a 55% conversion premium. "
Bitcoin ETFs Hit $100B Milestone Amid Record Rally
Bitcoin surged to an all-time high of $95,000 on Wednesday, pushing the total net asset value of Bitcoin ETFs to a historic $100.55 billion, representing 5.4% of Bitcoin’s market cap, according to Sosovalue.
Blackrock’s IBIT leads with $45.38B in assets, followed by Grayscale’s GBTC ($20.61B) and Fidelity’s FBTC ($18.44B). ETFs saw $773M in inflows on Wednesday, with IBIT driving $626M.
As Bitcoin eyes the $100K mark, analysts predict even larger ETF inflows in December, a traditionally strong month.
Meanwhile, U.S. Ethereum ETFs continued a five-day outflow streak, losing $30.3M on the same day.
Binance Simple Earn is adding WOO (WOO) on Locked Products. Complete subscriptions to WOO Locked Products from 2024-11-21 10:00 (UTC) to start earning rewards.
Mechanism on WOO Locked Products
Subscription Format*: First-come, first-served basis. Minimum subscription amount, maximum subscription limits, and duration requirements apply, and will impact the amount of APR rewards users receive. Refer to the table below and the notes in this announcement for more details.
Reward Calculation Period: From 00:00 (UTC) on the day after an eligible subscription to Locked Products is completed, until the end of the subscription period.
Rewards Distribution: On a daily basis. Offered Products (Locked Products)
How to Get Started with WOO Locked Products
Buy WOO on the Spot Market, or via the Buy Crypto page, which supports payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, and wallet balances. Users can also deposit WOO to their Binance account.
Head to [Earn], and search for WOO.
Select Duration, and subscribe with WOO to start earning up to 3.5% APR daily!
Notice on New Trading Pairs & Trading Bots Services on Binance Spot - 2024-11-222024-11-20 10:00
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians, To expand the list of trading choices offered on Binance Spot and enhance users’ trading experience, Binance will open trading for the: >APE/FDUSD, >FDUSD/USDC, >HBAR/USDC, >OM/USDC, >RAY/USDC, >TAO/USDC, >TURBO/FDUSD
trading pairs at 2024-11-22 08:00 (UTC).
In addition, Binance will enable Trading Bots services for the following pairs at 2024-11-22 08:00 (UTC):
Furthermore, users will enjoy zero fees for the FDUSD/USDC trading pair from 2024-11-22 08:00 (UTC) until further notice.
Start Trading on Binance Spot Now!
Trading of the aforementioned new trading pair(s) is subject to eligibility based on the user's country or region of residence. Please note that the list of restricted countries provided below may be changed from time to time, due to mandatory changes in applicable laws and regulations, or other changes relevant to the trading eligibility of these new trading pair(s). Users need to complete account verification to participate in the trading of these new trading pair(s).
Please note that this list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Currently, users residing in the following countries or regions will not be able to trade the above-mentioned spot trading pair(s): Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
$BARSIK the recent launch MEME Token Secures $500K Grant from DWF Labs: Empowering Cat Welfare Through Blockchain Innovation
In a heartwarming intersection of blockchain technology and philanthropy, DWF Labs has announced a $500,000 grant to $BARSIK, a Solana-based blockchain project championing the welfare of cats. This initiative combines the playful appeal of meme culture with a meaningful mission, proving that crypto can impact lives far beyond the digital sphere.
DWF Labs expressed their enthusiasm for the collaboration, stating, "This grant reflects our belief in driving innovation that impacts lives beyond the digital realm." $BARSIK, affectionately known as Hasbulla’s Cat, has built a passionate community dedicated to supporting shelters and creating a safe haven for our feline friends.
Reacting to the transformative grant, $BARSIK shared:
"This $500K grant is a transformative moment for $BARSIK. It will allow us to broaden our impact, help more shelters, build a stronger community, and cover fees for assigned listings. 🔥🔥🔥"
With this support, $BARSIK is set to expand its efforts, proving that blockchain-powered initiatives can bring real-world change. This partnership highlights the unique potential of crypto projects that seamlessly blend innovation with heart.
Follow @BarsikOnSolana to join the mission of supporting cats everywhere—because every paw deserves a chance. ❤️
Notice of Removal of Spot Trading Pairs - 2024-11-222024-11-20 07:00
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians, To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume.
Based on our most recent reviews, Binance will remove and cease trading on the following spot trading pairs:
At 2024-11-22 03:00 (UTC):
DAR/BTC, IRIS/BTC, RARE/BRL, THETA/ETH, and UTK/BTC
Please Note: The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance.
Binance will terminate Spot Trading Bots services for the aforementioned spot trading pairs at 2024-11-22 03:00 (UTC) where applicable. Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Imagine believing the narrative that meme coins lack utility E.G. FLOKI 2024
Let me tell you that's absolute BULLSHIT. Meme coins only lack utility when the owners or developers are solely focused on extracting funds from the community and users. To prove this point, here’s a summary of $FLOKI ’s most significant accomplishments over the past 11 months of 2024.
Summary of Floki Developments: January to November 2024
Marketing Campaigns: ✔️Expanded presence in Dubai with a campaign at WAFI Mall and Mall of the Emirates. ✔️Launched Valhalla marketing campaigns in Delhi NC
Peanut the Squirrel Token (PNUT): From Viral Sensation to Tier-1 Exchange Listing
Peanut the Squirrel (PNUT) token’s journey from a viral sensation to achieving top-tier exchange listings is marked by rapid valuation growth, social media influence, and the innovative platform features of Pump.fun. This accomplishment also makes PNUT the first meme token on Pump.fun to surpass a $2 million market cap.
Viral Social Media Influence
PNUT’s rise is rooted in a widely publicized incident involving a pet squirrel named Peanut, who was euthanized by New York wildlife officials, sparking public outrage. The incident gained significant traction when figures like Elon Musk joined the conversation, criticizing government actions and amplifying the story. This viral attention drew unprecedented interest to the token.
Launched on Pump.fun, a Solana-based platform designed for swift token creation, PNUT leveraged Pump.fun's unique bonding curve mechanism. This model increases token prices as demand grows, benefiting early investors. Once a token’s market cap reaches $69,000, it automatically transitions to Raydium, a prominent Solana decentralized exchange.
Rapid Exchange Listings
The viral momentum and Pump.fun’s mechanisms drove PNUT’s market cap beyond $120 million within days, catching the attention of major exchanges. Binance announced its listing of PNUT, with trading beginning on November 11, 2024.
In summary, PNUT’s success, fueled by viral social media buzz, strategic platform features, and high demand, enabled its quick rise from meme token to top-tier exchange listing, marking a significant achievement in the crypto space.
How BounceBit is Revolutionizing Centralized Decentralized Finance (CeDeFi)
Pioneering the Future of Finance with BounceBit Centralized Decentralized Finance (CeDeFi) has emerged as a transformative model, merging the transparency and innovation of decentralized finance (DeFi) with the stability and regulatory compliance of centralized finance (CeFi). At the forefront of this revolution is BounceBit, a platform dedicated to democratizing access to institutional-grade financial opportunities through its unique CeDeFi infrastructure. What's CeDeFi - Bridging Two Financia
The Dark Side of Crypto: How 'Decentralized' Projects Are Secretly Controlled by a Few
When we hear the word "decentralization," we picture a world where power is spread evenly, where no single entity can control the fate of a project, and where transparency and trust thrive. It's the foundation of blockchain and the promise that drew many of us to the crypto space. But as we peel back the layers, we start to see cracks in this vision. The reality? Some of these "decentralized" projects aren’t as decentralized as they claim. The Illusion of Decentralization Many projects sell us o
Did You Know? Misusing Business Funds, Even in Crypto, is Criminal
It might sound obvious for some and a joke for many others, but let’s make it clear. Diverting funds from a business for personal gain isn’t just a bad look, it’s outright illegal. What’s more, this applies just as much to decentralized finance (DeFi) protocols as it does to traditional businesses. The world of cryptocurrency may feel like uncharted territory, but it’s still subject to laws, and those laws take a dim view of anyone misappropriating funds for personal use. In DeFi, the expectatio
The Crypto Industry Needs a Complete Overhaul: A Call for Self-Custody and Decentralization
Cryptocurrency was born from the desire for financial freedom, transparency, and the elimination of corrupt intermediaries. It was meant to empower individuals, offering them control over their finances without the need for centralized authorities like banks and governments. However, as the industry has grown, it has become plagued by the very forces it sought to overcome. The system doesn't merely need an update — it requires a complete rewrite, grounded in self-custody and decentralization. Ro
Your Crypto Wallet: The Universal Key to Your Digital and Financial World
A crypto on-chain wallet could become the key to everything by serving as a universal, secure, and decentralized identity and access management tool. Wallet is ze key🔑🧠👨🍳⚙️🐷🟣🌋🌐 Here's how it could work: Unified Digital Identity Your crypto wallet could store a decentralized digital identity (DID) that verifies who you are across multiple platforms. This could be used to log in to social media, email, and other online services without needing separate passwords or usernames for each. I
Effects of Bad Communication on a Crypto Project/Ecosystem
1. Project Delays & Failures: Poor communication leads to delays, misaligned development, and potential project failure.
2. Resource Misallocation: Miscommunication results in the misallocation of funds, time, and developer effort, wasting critical resources.
3. Decreased Trust: Lack of transparency and clarity erodes trust within the community, leading to unproductive debates and weakened support.
4. Community Conflicts: Misunderstandings can cause community rifts, forks, and conflicts that threaten project unity and success.
5. Missed Milestones: Inconsistent communication results in missed milestones, disappointing stakeholders and investors.
6. Complex Governance Issues: Poor communication can complicate decentralized governance, causing confusion and indecision in crucial votes and proposals.
7. Reduced Innovation: A lack of clear, collaborative communication stifles creativity and innovation within the ecosystem.
8. Role Confusion: Unclear roles and responsibilities within decentralized teams lead to ineffective collaboration and project inefficiencies.
9. Negative Reputation: Communication gaps can damage the project's reputation, leading to loss of investor confidence and market position.
10. Need for Communication Training: Effective communication is often underdeveloped in crypto projects; upskilling in this area is essential for long-term success and community trust.
Restarting from Zero: A Guide for Crypto Investors
Losing all your investments in a crypto token or project can be devastating. However, it’s essential to approach the situation with resilience and a strategic mindset. Here’s a step-by-step guide to help you restart from zero and build back stronger: 1. Accept the Loss and Reflect Acknowledge Reality: Recognize the loss and its emotional impact; this is crucial for moving forward.Analyze the Mistakes: Reflect on what went wrong. Did you over-leverage, fail to diversify, or ignore warning signs?D
Binance Will List Toncoin (TON) with Seed Tag Applied
Fellow Binancians,
Binance will list Toncoin (TON) and open trading for the following spot trading pairs at 2024-08-08 10:00 (UTC). New Spot Trading Pairs: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY.
Users can now start depositing TON in preparation for trading. Withdrawals will open at 2024-08-09 10:00 (UTC). TON Listing Fee: 0 BNB.
TRY is a fiat currency and does not represent any other digital currencies.
The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.
For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
What Is Toncoin (TON)
Toncoin is a decentralized and open L1 blockchain, created by the community using a technology designed by Telegram.
Reminder: TON is a new listed token that poses a higher than normal risk, and will likely be subject to high price volatility. Users must exercise sufficient risk management and DYOR (do your own research) to fully understand the project before opting to trade the token.
Seed tags represent innovative projects that may exhibit higher volatility and risks compared to other listed tokens. Seed tag will be applied to TON.