Today's news tips:
1. Gemini Earn will start returning cryptocurrencies to customers by the end of the month
2. Bloomberg: The crypto industry donated $94 million to the 2024 US election, a record high
3. The pump.fun attacker was arrested and detained by UK law enforcement and subsequently released on bail
4. LayerZero witch report has collected 2312 reports
5. Ripple's XRP market report for the first quarter of this year: spot trading volume soared to US$865 million, a 40% increase from the previous month
6. A BOME whale made more than $2.25 million by buying 1DOL
7. Data: Tokens worth about $1.3 billion will be unlocked next week, including $943 million in PYTH
Project News
Gemini Earn to start paying customers back in crypto by month end
Gemini, one of Genesis's creditors, announced that it will begin returning the first 97% of assets in kind to customers of the Genesis Earn program by the end of this month. According to previous news, Genesis Global received court approval on Friday to return approximately $3 billion in cash and cryptocurrencies to its customers in bankruptcy liquidation, and its parent company Digital Currency Group (DCG) was unable to receive funding distribution from it.
Ripple's XRP market report for the first quarter of this year: spot trading volume soared to US$865 million, a 40% increase from the previous month
Ripple officially released the XRP market report for the first quarter of 2024. Data shows that XRP spot trading volume (average daily trading volume) soared to US$865 million in the first quarter of this year, a 40% increase from the fourth quarter of 2023. Binance, Bybit and Upbit accounted for more than 70% of the total trading volume. The average daily open interest of XRP derivatives was US$500 million in the first quarter of this year, compared with US$460 million in the fourth quarter of last year. As of March 31, 2024, Ripple held a total of 4,836,166,156 XRPs, and the total amount of XRPs hosted on the ledger was 40,100,000,005.
Kraken: Will continue to list USDT in Europe, no plans to delist at this time
In response to the previous news that Kraken is planning to delist USDT in accordance with European regulatory laws, Mark Greenberg, global head of Kraken's asset growth and management business, clarified on Twitter that Kraken will continue to list USDT in Europe and has no plans to delist it at present. Kraken will continue to make every effort to continue to provide all relevant stablecoins to European customers.
pump.fun attacker arrested and detained by UK law enforcement, subsequently released on bail
Twitter user The Rollup posted that pump.fun attacker @STACCoverflow was arrested and detained by British law enforcement in London and subsequently released on bail. His real name may be Jarett Reginald Dunn.
LayerZero Witch Reports 2312 reports collected
According to the relevant page information, LayerZero witch reporting has collected 2,312 reports, of which 608 have been reviewed and 1,704 are still under review. According to previous news, the witch hunting bounty activity has started at 10:00 on May 18th, Beijing time. The bounty report will end at 7:59 on June 1st and must contain a clear method of at least 20 addresses. The bounty hunter who successfully reports the witch will receive 10% of the witch's expected token allocation, while the witch will receive 0 allocation.
Aevo launches Aevo Airdrops program, the first batch of projects are Swell Protocol and Zerolend Finance
Aevo, a decentralized derivatives trading platform, announced the launch of the Aevo Airdrops program on the X platform. It will cooperate with some pre-release projects listed on Aevo and airdrop their tokens to the most active pre-release traders and AEVO stakers. To be eligible to participate in Aevo Airdrops, you must be an Aevo Staker and actively trade Aevo's pre-release market. In addition, Aevo's staking rights have been improved, and Aevo staker rights are divided into 4 levels.
The first two projects launched in Aevo Airdrops are Swell Protocol and Zerolend Finance. There are 3 more projects that will be launched in the coming weeks. Aevo will start airdropping ZERO tokens to eligible wallets next week.
Important data
Anchorage Digital transfers 10 million ARB to Cumberland DRW
According to on-chain analyst @ai_9684xtpa, in the past 23 hours, institutional asset management company Anchorage Digital transferred 10 million ARB to Cumberland DRW, of which 7 million have been deposited into the exchange, worth $7.13 million. ARB is still the second largest asset held by Anchorage Digital, with 10 million tokens (10.15 million U.S. dollars) remaining, second only to ETH.
Bloomberg: Crypto industry donated $94 million to the 2024 US election, a record high
Data disclosed by Bloomberg shows that the crypto industry has donated $94 million to the 2024 US election, a record high, higher than the $83 million donated in the previous election cycle in 2020. It is reported that most donations came from political action committees (PACs), and Coinbase and Ripple Labs also contributed a lot of donations, with the former donating $20.5 million and the latter donating $20 million. Coinbase CEO Brian Armstrong also personally donated $1 million.
A BOME whale made more than $2.25 million by buying 1DOL
According to Lookonchain monitoring, sundayfunday.sol turned 13 SOL (US$2,275) into US$2.26 million in 8 hours by buying 1DOL, and its income increased by 993 times.
sundayfunday.sol was the largest participant in the BOME pre-sale, spending 421 SOL ($72,000) to participate in the pre-sale and received 1.43 billion BOME ($40 million at its peak). He then sold 530 billion BOME for 38,305 SOL ($7.66 million) and currently holds 894 billion BOME ($10.5 million), still the largest individual holder of BOME. 8 hours ago, he spent 13 SOL ($2,275) to buy 242 million 1DOL, currently worth $2.26 million.
Data: More than 15,000 BTC flowed out of Coinbase Pro in the past 7 days
According to the latest data from Coinglass, 15,675.69 bitcoins have flowed out of the Coinbase Pro exchange wallet in the past week, and the current balance of the Coinbase Pro Bitcoin wallet is 265,255.17 BTC. 6,692.08 bitcoins have flowed out of the Binance wallet in the past 7 days, and the current wallet balance is 538,439.5.
The whales that built up PEPE positions in the past two months began to reduce their holdings and made a profit of $145,000 after selling some of them
According to on-chain analyst @ai_9684xtpa, the whale that built a position in PEPE in the past two months has begun to reduce its holdings. The whale built a position of 537.3 billion PEPE at an average price of $0.000009028 between March 14 and May 19, and recharged 187 billion tokens to Binance 20 hours ago. If all are sold, it will make a profit of $145,000. There are still 350.3 billion PEPEs left, worth $3.29 million.
Data: About $1.3 billion worth of tokens will be unlocked next week, including $943 million in PYTH
Token Unlocks data shows that next week, PYTH and other tokens will have a one-time large-scale unlocking, with a total release value of about US$1.3 billion. Among them:
Pyth Network (PYTH) will unlock approximately 2.13 billion tokens on May 20 (Beijing time), accounting for 141.67% of the circulation, worth approximately US$943 million;
Avalanche (AVAX) will unlock approximately 9.54 million tokens on May 22, Beijing time, accounting for 2.49% of the circulation, worth approximately US$347 million;
SPACE ID (ID) will unlock approximately 18.49 million tokens on May 22 (Beijing time), accounting for 4.29% of the circulation, with a value of approximately US$13.7 million;
Euler (EUL) will unlock approximately 4.66 million tokens on May 24th (Beijing time), accounting for 0.34% of the current circulation, worth approximately US$370,000;
Acala (ACA) will unlock approximately 4.66 million tokens on May 25th (Beijing time), accounting for 0.48% of the current circulation, worth approximately US$500,000;
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