Today's news tips:
Mt.Gox has completed the transfer of all Bitcoins from its cold wallet in preparation for repaying its creditors
Trump: If re-elected president, I would 'very seriously consider' pardoning Julian Assange
EU regulators consider MEV as market abuse and intend to take strict enforcement measures
Binance: Lista (LISTA) Megadrop Now Open
Solana Ecosystem SIMD-0096 Proposal Passed, Validators Will Receive Full Priority Fees
Soros holds $135 million worth of MicroStrategy stock at the end of Q1 2024
Ethereum’s second-layer network Taiko is now live on the Ethereum mainnet, and the token will be launched in a few weeks
JPMorgan Chase expects US SEC will not approve other crypto ETFs after spot Ethereum ETF
Regulatory News
EU regulators consider MEV as market abuse and intend to take strict enforcement measures
According to CryptoSlate, according to the European Securities and Markets Authority (ESMA)'s proposed technical standards for the crypto-asset market (MiCA) regulation, the maximum extractable value (MEV) is a clear example of illegal market abuse. In addition, ESMA's draft standard also recommends a cooperative law enforcement approach, urging authorities inside and outside the EU to cooperate in sanctioning market abuse. This means that actors involved in MEV may face investigations and enforcement actions not only from EU regulators, but also from international authorities. The deadline for consultation feedback set by ESMA is June 25, and the final standard is expected to have a significant impact on the EU's crypto regulatory environment.
Trump: If re-elected president, I would 'very seriously consider' pardoning Julian Assange
Former US President Donald Trump has said that if re-elected as president, he would “very seriously consider” pardoning Julian Assange, the Australian journalist and founder of WikiLeaks known for publishing a trove of classified documents, according to Bitcoin Magazine.
Hong Kong Securities and Futures Commission: The non-violation period for virtual asset trading platforms operating in Hong Kong will end on June 1
The Securities and Futures Commission (SFC) of Hong Kong issued a statement to remind the public that the non-violation period for virtual asset trading platforms operating in Hong Kong will end on June 1, 2024, in accordance with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615) (the Anti-Money Laundering Ordinance). By then, all virtual asset trading platforms operating in Hong Kong must be licensed by the SFC or be applicants for virtual asset trading platforms that are "deemed to be licensed", otherwise operating in Hong Kong will be a criminal offense.
The SFC recommends that investors only buy and sell virtual assets on licensed virtual asset trading platforms, and check the “List of Licensed Virtual Asset Trading Platforms” on the SFC’s website to confirm whether the platform they are using has been licensed.
In addition, the SFC does not expect applicants who are “deemed to be licensed” to actively promote their services or establish business relationships with new retail clients until their policies, procedures, systems and controls are satisfied by the SFC and formally licensed.
Finally, the SFC will conduct on-site inspections to determine whether the applicants deemed to be licensed comply with regulatory requirements, with a particular focus on customer asset protection and "know your customer" procedures. If any violations are found, the SFC will promptly reject the relevant license application and take appropriate regulatory action.
Binance: Lista (LISTA) Megadrop Now Open
According to Binance's official announcement, Binance has launched the second Megadrop project - Lista (LISTA), a liquidity staking and decentralized stablecoin protocol. Users can participate in Lista Megadrop from 08:00:00 (ET on May 30, 2024). The Lista (LISTA) Megadrop App page is expected to be launched within approximately 24 hours after this announcement. Binance will list Lista (LISTA) at 18:00 (ET on June 20, 2024), and open LISTA/BTC, LISTA/USDT, LISTA/BNB, LISTA/FDUSD and LISTA/TRY trading markets, and seed tag trading rules will apply.
Mt. Gox confirms multiple transactions today were intended to prepare repayments to creditors ahead of the October 31 deadline.
According to screenshots shared with Cointelegraph on Platform X, Mt. Gox confirmed that multiple transactions conducted today were intended to prepare repayments to creditors ahead of the October 31 deadline.
Mt. Gox stated in the letter: "Pursuant to the Reorganization Plan, the Reorganization Trustee is preparing to repay the portion of the Reorganization Claims distributed in the form of cryptocurrency. This repayment method means that the Reorganization Creditors can choose to (i) receive Bitcoin and Bitcoin Cash (BCH) through designated cryptocurrency exchanges, etc., to receive on behalf of the Reorganization Creditors, or (ii) be repaid through the proceeds of the sale of Bitcoin and BCH. Recently, the Reorganization Trustee has received inquiries/deep concerns about the status of managing Bitcoin and Bitcoin Cash (BCH). However, at present, the Reorganization Trustee has neither repaid through the designated cryptocurrency exchanges, etc. mentioned above (i) nor sold Bitcoin and Bitcoin Cash to make the repayment mentioned above (ii). The Reorganization Trustee is currently managing Bitcoin and Bitcoin Cash in a safe manner. As the Reorganization Trustee is preparing for the above repayment, please wait for a period of time until the repayment is made."
According to previous news, Mt.Gox cold wallet has completed all Bitcoin transfers, and the current balance of the receiving address is 141,000 BTC.
Project News
Ethereum’s second-layer network Taiko is now live on the Ethereum mainnet, and the token will be launched in a few weeks
Taiko, the zkRollup-based Ethereum layer 2 network, is now live on the Ethereum mainnet, and the Taiko token is expected to be launched a few weeks after the mainnet launch. In addition, Taiko plans to launch a points incentive program called Trailblazers to attract community participation by rewarding the community for completing tasks and interacting with the network. The project recently announced an airdrop to community members before the mainnet launch. The project plans to distribute 5% of its 1 billion token supply to community members, which is called the "Genesis Airdrop." Taiko also plans to launch a DAO later this year to gradually hand over control of the protocol to its community. This transition will be carried out in stages, reducing the "training wheels" over time until the community achieves full governance.
Polyhedra Network to launch ZK staking feature on June 10
Polyhedra Network announced that it will launch the ZK staking function on June 10, allowing users to stake ZK tokens and earn ZK tokens as well as token rewards from ecosystem partners.
Atomicals Protocol releases AVM white paper, software release will be completed in phases
Atomicals Protocol has released the Atomicals Virtual Machine (AVM) white paper. The software release will be done in stages, starting with the interpreter running and then making modifications to the indexer nodes.
ZachXBT: meme token CAT team @sol linked to hacker attacking trader GCR
On-chain detective ZachXBT revealed on the X platform that the meme token CAT team @sol is associated with the hacker who attacked the trader GCR. A few minutes before the hack, the address associated with them opened a $2.3 million ORDI and $1 million ETHFI long position on Hyperliquid.
The @sol team controlled 63% of the supply through its own issuance, sold over $5 million of CAT, and then transferred the profits to multiple wallets. 6M54x received about 15,000 SOL ($2.5 million) from the CAT sale and began depositing funds into Kucoin (4,800 SOL) and MEXC (4,800 SOL and 1.4 million USDC) on May 25. Through time analysis, ZachXBT found that shortly after the Solana deposit, two exchanges on Ethereum and Arbitrum saw withdrawals of similar amounts.
JPMorgan Chase expects US SEC will not approve other crypto ETFs after spot Ethereum ETF
According to The Block, Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan, said that given that the SEC believes that most cryptocurrencies are securities, the investment bank is skeptical about the SEC approving altcoin ETFs other than Bitcoin and Ethereum.
“We doubt it,” Panigirtzoglou said. “The SEC’s decision to approve an ETH ETF is already a stretch given the ambiguity of whether Ethereum should be classified as a security. We don’t think the SEC will go any further and approve Solana or other token ETFs, as the SEC feels more strongly (relative to Ethereum) that tokens other than Bitcoin and Ethereum should be classified as securities.” Of course, the SEC may approve other cryptocurrency ETFs unless U.S. policymakers eventually pass legislation that most cryptocurrencies are not securities. But he said there is no such legislation yet.
Cryptocurrency broker FalconX hires talent from BCB Group and opens FX trading desk
According to CoinDesk, cryptocurrency prime broker FalconX has launched a dedicated foreign exchange trading department. The team comes from crypto banking company BCB Group, and its main members include Ben Sebley (team leader), Richard Usher (foreign exchange trading director) and Lux Thiagarajah (commercial foreign exchange director), and is based in London. The new department will provide trading services for 20 foreign exchange pairs for crypto trading companies, exchanges and brokers, including major currency pairs such as the US dollar, euro and pound.
FalconX said that the new foreign exchange trading department will establish new fiat currency channels and enhance the flow of funds for traditional currency pairs, enabling same-day settlement options, thereby seamlessly integrating cryptocurrencies and fiat currencies at a critical moment of global adoption, improving efficiency and integration. Austin Reid, head of global revenue and business at FalconX, said that the foreign exchange liquidity will enhance the structure of the digital asset market and support institutional investors such as hedge funds and market makers.
In addition, FalconX launched a service last month that allows institutions to trade on exchanges while their funds remain in regulated bankruptcy-segregated accounts. FalconX's Prime Connect service also includes post-trade settlement, institutional-grade credit and portfolio margin management.
Solana Ecosystem SIMD-0096 Proposal Passed, Validators Will Receive Full Priority Fees
According to The Block, Solana validators approved the Solana Improvement Document (SIMD)-0096 proposal, which sends all transaction priority fees to validators. The proposal changes the previous distribution method of 50% destruction fees and 50% reward to validators, aiming to improve validator income and network security. The vote received 77% support. Validators supporting the proposal include Jito, Helius, Solend, Everstake and Stakehaus, while opponents include Step Finance, Triton and Solana Compass.
The proposal also hopes to eliminate possible private transactions between block producers and transaction submitters, further optimizing the incentive mechanism of the validator system. The implementation of SIMD-0096 on the Solana mainnet is expected to take several months.
Binance will suspend Ethereum network deposit and withdrawal services on the afternoon of May 29 for wallet maintenance
Binance will perform wallet maintenance on the Ethereum network (ETH) at 15:00 (ET) on May 29, 2024. To support this maintenance, Binance will suspend deposits and withdrawals on the Ethereum network (ETH) at 14:55 (ET) on May 29, 2024. The maintenance is expected to take 2 hours, and deposits and withdrawals will be automatically resumed after the maintenance is completed.
New Fire Technology sold its claim to FTX for $19.5 million, 107.8% of the original claim amount
Newfire Technology Holdings Limited (1611.HK) announced that its wholly-owned subsidiary Hbit Limited has reached an agreement with Ceratosaurus Investors, L.L.C. to sell all of its rights, ownership and interests in the FTX claim for US$19.5 million (approximately HK$152 million, 107.8% of the original claim amount of FTX). As the applicable percentage ratio of this sale exceeds 5% but is less than 25%, it constitutes a discloseable transaction of the Company and does not require shareholder approval.
The sale will generate a gain of approximately HK$96.95 million, including the reversal of the impairment provision for FTX deposits of approximately HK$85.90 million and a transaction price premium of approximately HK$11.05 million. The proceeds will be used for business development, time deposit investment and general working capital.
Important data
Soros holds $135 million worth of MicroStrategy stock at the end of Q1 2024
According to Finbold, George Soros has updated his stock portfolio. As of the end of the first quarter of 2024, Soros Fund Management has 193 holdings with a total value of approximately $6 billion. Major investments include Alphabet, AerCap Holdings, and Rivian. It is particularly noteworthy that the fund also holds shares in MicroStrategy (NASDAQ: MSTR), worth approximately $135 million.
Traders who held SHIB for more than 3 years sold 48.09 billion SHIB, earning about 419 times
According to Lookonchain monitoring, the super diamond trader spent 2 ETH (US$2,625) on February 1, 2021 to buy 48.09 billion SHIB. After lying dormant for 3 years, he just sold it for 278.7 ETH (US$1.1 million), with a profit of 419 times.
Floki launches Telegram trading robot, 50% of transaction fees are used to repurchase FLOKI
According to Coindesk, Floki developers announced the launch of a trading robot tool that allows FLOKI holders to trade any token on the BNB Chain network. The Telegram-based robot will initially be open to a small number of users during the Beta test to find and resolve any technical errors. It is expected to be open to the public in mid-June. The robot charges a 1% fee for each transaction, 50% of which will be used to purchase FLOKI on the open market, thereby increasing purchasing demand.
A suspected Shenyu address deposited 112,600 ENS into Binance 18 hours ago
According to The Data Nerd, 18 hours ago, the whale address 0xAA1 (possibly @bitfish1) deposited 112,600 ENS (about $2.65 million) to Binance. The address purchased these tokens at an average price of $13.17 last year. If all are sold at the current price, he will earn $1.42 million, with a return on investment of 100%.
MtGox wallet address transferred out 34,138 BTC again, worth about $2.3 billion
Whale Alert monitoring shows that at 14:07 Beijing time, 34,138 BTC (2,320,029,136 USD) were transferred from MtGox to an unknown wallet (1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6). As of now, the wallet address starting with "1JbezD" has held about 141,686.2 BTC, worth about $9.6 billion.
Four meme coins are among the top ten cryptocurrencies by open interest, including PEPE, DOGE, BONK, and WIF
According to Cointelegraph, four of the top ten cryptocurrencies by open interest (OI) are meme coins, with Pepe leading the way, with an OI of $812.6 million, almost half of Solana. In addition to Pepe (PEPE), Dogecoin (DOGE), Bonk (BONK), and Dogwifhat (WIF) also make the top ten. Bitcoin leads the list with an OI of $11.1 billion, followed by Ethereum with an OI of $9.15 billion. Another thing worth noting is that there is a significant difference in OI from first to last place. Bitcoin’s OI is $11 billion, while No. 10 Near Protocol (NEAR) has an OI of just $230 million, showing the huge difference in trader interest.
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