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Instent market update and btc hardly analysis crypto call
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#TRB/USDT ANALYSIS
TRB is currently facing a horizontal resistance zone, indicating a crucial decision point for its price movement. Both the 50MA and the 100MA are showing bullish momentum, suggesting an overall positive sentiment and potential for upward movement.
A breakout from this supply zone would likely confirm a bullish trend, propelling the price higher as new buying interest is triggered.
However, traders should remain cautious as there is also the possibility of a reversal, where the price could drop from this level if it fails to break through the resistance, potentially leading to a bearish scenario.
Hence, monitoring these levels closely is essential for making informed trading decisions.
TRB is currently facing a horizontal resistance zone, indicating a crucial decision point for its price movement. Both the 50MA and the 100MA are showing bullish momentum, suggesting an overall positive sentiment and potential for upward movement.
A breakout from this supply zone would likely confirm a bullish trend, propelling the price higher as new buying interest is triggered.
However, traders should remain cautious as there is also the possibility of a reversal, where the price could drop from this level if it fails to break through the resistance, potentially leading to a bearish scenario.
Hence, monitoring these levels closely is essential for making informed trading decisions.
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Bitcoin bottomed at $56K? BTC price chart hints at breakout within days
#BTC
Inverse head and shoulders pattern spotted on the $BTC chart. Not the most beautiful iH&S I've ever seen, but I'll take it. Different ways to draw the neckline too, but this way makes the most sense to me. Break the neckline for further price recovery!”
Quinten Francois
Bitcoin has nearly reset some key technical indicators, including the moving average convergence/divergence (MACD), an indicator used to gauge changes in the strength and direction of an asset. This could mean more upward momentum according to pseudonymous crypto analyst Jelle, who wrote in a May 13 X post:
“Bitcoin has nearly completed a full reset. Back to the 100-day EMA, a bullish MACD cross (below the zero line) -- and the first higher low in a long time. It's looking good.”
Inverse head and shoulders pattern spotted on the $BTC chart. Not the most beautiful iH&S I've ever seen, but I'll take it. Different ways to draw the neckline too, but this way makes the most sense to me. Break the neckline for further price recovery!”
Quinten Francois
Bitcoin has nearly reset some key technical indicators, including the moving average convergence/divergence (MACD), an indicator used to gauge changes in the strength and direction of an asset. This could mean more upward momentum according to pseudonymous crypto analyst Jelle, who wrote in a May 13 X post:
“Bitcoin has nearly completed a full reset. Back to the 100-day EMA, a bullish MACD cross (below the zero line) -- and the first higher low in a long time. It's looking good.”
Bitcoin bottomed at $56K? BTC price chart hints at breakout within days
#BTC
dding to the bullish technical formation, Bitcoin's distribution 'danger zone' has officially ended, according to popular analyst Rekt Capital.
A popular Bitcoin chart formation suggests that Bitcoin's
BTC
tickers down
$61,740
price could break out from its current range. However, this week's macroeconomic news could also significantly impact the price. Can Bitcoin break out to the upside?
Is a Bitcoin breakout imminent?
On the four-hour chart, Bitcoin price printed an inverse head and shoulders pattern, a formation used by technical analysts to predict the reversal of a previous downtrend.
Based on the technical formation, Bitcoin could rally to the upside if a break above the trendline occurs, according to a May 13 X post from crypto investor Quinten Francois, who wrote:
dding to the bullish technical formation, Bitcoin's distribution 'danger zone' has officially ended, according to popular analyst Rekt Capital.
A popular Bitcoin chart formation suggests that Bitcoin's
BTC
tickers down
$61,740
price could break out from its current range. However, this week's macroeconomic news could also significantly impact the price. Can Bitcoin break out to the upside?
Is a Bitcoin breakout imminent?
On the four-hour chart, Bitcoin price printed an inverse head and shoulders pattern, a formation used by technical analysts to predict the reversal of a previous downtrend.
Based on the technical formation, Bitcoin could rally to the upside if a break above the trendline occurs, according to a May 13 X post from crypto investor Quinten Francois, who wrote:
#altcoins
Looking For 10x-100x potential Gems ?💎
TON Network is Where you will find the next 10x - 100x potential coins.
🔍 Why #TON?
$TON has witnessed a remarkable surge, with a 10x increase in users and 200% growth over the past three months.
Reason : Telegram boasts over 800 Million Monthly Active Users, making it one of the largest social media platforms globally. By integrating their blockchain into the app, Telegram will seamlessly onboard users to $TON.
💰 TON's Potential:
With a market cap of $20 billion, $TON holds immense potential. Yet, the tokens on the TON blockchain have not experienced significant movements.
Comparisons:
- Top meme coin on Solana ecosystem: $WIF
- Top meme coin on TON ecosystem: $REDO
- Solana's Market Cap: $67 billion
- TON's Market Cap: $20 billion
- $WIF Market Cap: $3.2 billion
- $REDO Market Cap: $70 Million
📈 Spot the difference?
This is where i think you can find your massive Opportunity, because tokens specifically meme coin, Will always grow on the leverage from the blockchain, And we can See The significant market gap here.
React 🔥 if you want more posts like this
📌 Pin Our Channel at the Top to Stay Ahead of the Market and Never Miss Exclusive Alpha Insights Like This!
Looking For 10x-100x potential Gems ?💎
TON Network is Where you will find the next 10x - 100x potential coins.
🔍 Why #TON?
$TON has witnessed a remarkable surge, with a 10x increase in users and 200% growth over the past three months.
Reason : Telegram boasts over 800 Million Monthly Active Users, making it one of the largest social media platforms globally. By integrating their blockchain into the app, Telegram will seamlessly onboard users to $TON.
💰 TON's Potential:
With a market cap of $20 billion, $TON holds immense potential. Yet, the tokens on the TON blockchain have not experienced significant movements.
Comparisons:
- Top meme coin on Solana ecosystem: $WIF
- Top meme coin on TON ecosystem: $REDO
- Solana's Market Cap: $67 billion
- TON's Market Cap: $20 billion
- $WIF Market Cap: $3.2 billion
- $REDO Market Cap: $70 Million
📈 Spot the difference?
This is where i think you can find your massive Opportunity, because tokens specifically meme coin, Will always grow on the leverage from the blockchain, And we can See The significant market gap here.
React 🔥 if you want more posts like this
📌 Pin Our Channel at the Top to Stay Ahead of the Market and Never Miss Exclusive Alpha Insights Like This!
#BTC
Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says
Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.
Bitcoin jumped nearly 5% following soft U.S. jobs data.
The dovish Fed meeting results mean the U.S. dollar's surge likely topped, helping cryptocurrencies, Coinbase analysts said
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Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says
Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.
By Krisztian Sandor
May 3, 2024 at 10:55 p.m.
Updated May 3, 2024 at 10:57 p.m.
Bitcoin price on May 3 (CoinDesk)

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Bitcoin jumped nearly 5% following soft U.S. jobs data.
The dovish Fed meeting results mean the U.S. dollar's surge likely topped, helping cryptocurrencies, Coinbase analysts said.
Hong Kong Lists Spot-Crypto ETFs
Cryptocurrencies bounced on Friday led by bitcoin's (BTC) gain, sparking hopes that the worst of the drawdown might be over.
BTC surged almost 5% to briefly above $62,000 during U.S. morning hours following a cooler-than-expected U.S. April jobs report that eased concerns about higher interest rates. At press time bitcoin was changing hands at $61,600, up 4.4% and outperforming the broad-market CoinDesk 20 Index's (CD20) 3% advance over the past 24 hours
Ether (ETH) reclaimed the $3,000 level and was up 3% during the same period, while altcoin majors dogecoin (DOGE), shiba inu (SHIB) and Near Protocol's NEAR jumped 5%-10%.
Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says
Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.
Bitcoin jumped nearly 5% following soft U.S. jobs data.
The dovish Fed meeting results mean the U.S. dollar's surge likely topped, helping cryptocurrencies, Coinbase analysts said
and Web3
23
DAYS
22
HR
26
MIN
28
SEC
Register Today
Markets
Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says
Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.
By Krisztian Sandor
May 3, 2024 at 10:55 p.m.
Updated May 3, 2024 at 10:57 p.m.
Bitcoin price on May 3 (CoinDesk)

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now
Bitcoin jumped nearly 5% following soft U.S. jobs data.
The dovish Fed meeting results mean the U.S. dollar's surge likely topped, helping cryptocurrencies, Coinbase analysts said.
Hong Kong Lists Spot-Crypto ETFs
Cryptocurrencies bounced on Friday led by bitcoin's (BTC) gain, sparking hopes that the worst of the drawdown might be over.
BTC surged almost 5% to briefly above $62,000 during U.S. morning hours following a cooler-than-expected U.S. April jobs report that eased concerns about higher interest rates. At press time bitcoin was changing hands at $61,600, up 4.4% and outperforming the broad-market CoinDesk 20 Index's (CD20) 3% advance over the past 24 hours
Ether (ETH) reclaimed the $3,000 level and was up 3% during the same period, while altcoin majors dogecoin (DOGE), shiba inu (SHIB) and Near Protocol's NEAR jumped 5%-10%.
#altcoins
Analyst Says Bottom Is In for Altcoin Markets, Predicts Crypto Rally Following Weak Economic Data
Popular analyst Michaël van de Poppe believes that crypto is gearing up for a marketwide rally amid signs of slowing economic activity.
Van de Poppe tells his 716,300 followers on the social media platform X he’s bullish on crypto after the US labor market missed estimates in April
With unemployment rising to 3.9% and average hourly earnings growing less than expected, the analyst believes that the Fed will be forced to turn on the money printers to support the job market.
“Terrible economic data -> DXY (US dollar index) down, additionally the case for QE (quantitative easing) and rate cuts will increase and therefore risk-on assets rally.
Bitcoin back [above] $61,600.
FOMC (Federal Open Market Committee) was the low for the markets and the altcoin bull market has started.”
Looking at the market capitalization of all altcoins, the trader predicts that the alt market will witness a consolidation period before rallying to fresh all-time highs.
“The total altcoin market capitalization generally has seen the bottom of this correction. I think $880-$920 billion is the area where it’s going to stabilize, before a run towards the all-time high is on the horizon.”
The analyst also says that the return of retail traders is now in sight. He believes they will enter the crypto markets once altcoins print sizeable gains.
“Retail isn’t even in the markets, while Bitcoin is around the all-time highs.
When will they come back?
It will probably be after this summer when altcoins start to lift off.
They hold altcoins, so when they start to turn, they jump back in.
This means you’re still early.”
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Analyst Says Bottom Is In for Altcoin Markets, Predicts Crypto Rally Following Weak Economic Data
Popular analyst Michaël van de Poppe believes that crypto is gearing up for a marketwide rally amid signs of slowing economic activity.
Van de Poppe tells his 716,300 followers on the social media platform X he’s bullish on crypto after the US labor market missed estimates in April
With unemployment rising to 3.9% and average hourly earnings growing less than expected, the analyst believes that the Fed will be forced to turn on the money printers to support the job market.
“Terrible economic data -> DXY (US dollar index) down, additionally the case for QE (quantitative easing) and rate cuts will increase and therefore risk-on assets rally.
Bitcoin back [above] $61,600.
FOMC (Federal Open Market Committee) was the low for the markets and the altcoin bull market has started.”
Looking at the market capitalization of all altcoins, the trader predicts that the alt market will witness a consolidation period before rallying to fresh all-time highs.
“The total altcoin market capitalization generally has seen the bottom of this correction. I think $880-$920 billion is the area where it’s going to stabilize, before a run towards the all-time high is on the horizon.”
The analyst also says that the return of retail traders is now in sight. He believes they will enter the crypto markets once altcoins print sizeable gains.
“Retail isn’t even in the markets, while Bitcoin is around the all-time highs.
When will they come back?
It will probably be after this summer when altcoins start to lift off.
They hold altcoins, so when they start to turn, they jump back in.
This means you’re still early.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
#CryptoWatchMay2024
🚨 Cyber Capital founder said that over 84% of the staked SUI supply is held by founders.
🚨 Cyber Capital founder said that over 84% of the staked SUI supply is held by founders.
#altcoins #RSR/_USDT
The breakout from the middle line and the ma 50 has already occurred on the 4-hour timeframe
The anticipated bullish price move is around 70%
The breakout from the middle line and the ma 50 has already occurred on the 4-hour timeframe
The anticipated bullish price move is around 70%
#CryptoWatchMay2024
Bitcoin and Other Cryptos Set To Begin ‘Slow Grind Higher,’ Says Arthur Hayes – Here Are His Top Altcoin Picks
BitMEX co-founder Arthur Hayes is saying that crypto assets are likely to benefit from the US monetary policy going forward.
In a new essay, Hayes says that the U.S. Treasury and the Federal Reserve are engaging in “stealth money printing policies.”
According to the BitMEX co-founder, the “slow addition of billions of dollars of liquidity each month will dampen negative price movement” for crypto assets.
“While I don’t expect crypto to fully realize the recent US monetary announcements’ inflationary nature immediately, I expect prices to bottom, chop, and begin a slow grind higher.”
Hayes says that the recent fall in the prices of crypto assets has offered an excellent opportunity to accumulate.
“I’m buying Solana and doggie coins (memecoins) for momentum trading positions. For longer-term sh*tcoin positions, I’m upping my allocations in Pendle and will identify other tokens that are ‘on sale.’
I will use the rest of May to increase my exposure. And then it’s time to set it, forget it, and wait for the market to appreciate the inflationary nature of the recent US monetary policy announcements.”
The BitMEX founder is an advisor and investor in Pendle (PENDLE), a decentralized finance crypto project that lets users tokenize and sell future yields.
On his Bitcoin (BTC) forecast between now and August, Hayes says,
“A rally to above $60,000 and then range-bound price action between $60,000 and $70,000 until August.”
Bitcoin is trading at $62,726 at time of writing.
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Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Bitcoin and Other Cryptos Set To Begin ‘Slow Grind Higher,’ Says Arthur Hayes – Here Are His Top Altcoin Picks
BitMEX co-founder Arthur Hayes is saying that crypto assets are likely to benefit from the US monetary policy going forward.
In a new essay, Hayes says that the U.S. Treasury and the Federal Reserve are engaging in “stealth money printing policies.”
According to the BitMEX co-founder, the “slow addition of billions of dollars of liquidity each month will dampen negative price movement” for crypto assets.
“While I don’t expect crypto to fully realize the recent US monetary announcements’ inflationary nature immediately, I expect prices to bottom, chop, and begin a slow grind higher.”
Hayes says that the recent fall in the prices of crypto assets has offered an excellent opportunity to accumulate.
“I’m buying Solana and doggie coins (memecoins) for momentum trading positions. For longer-term sh*tcoin positions, I’m upping my allocations in Pendle and will identify other tokens that are ‘on sale.’
I will use the rest of May to increase my exposure. And then it’s time to set it, forget it, and wait for the market to appreciate the inflationary nature of the recent US monetary policy announcements.”
The BitMEX founder is an advisor and investor in Pendle (PENDLE), a decentralized finance crypto project that lets users tokenize and sell future yields.
On his Bitcoin (BTC) forecast between now and August, Hayes says,
“A rally to above $60,000 and then range-bound price action between $60,000 and $70,000 until August.”
Bitcoin is trading at $62,726 at time of writing.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
#BTC
BTC/USD, 1-week chart. Source: Marco Johanning
Related: Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure
Mr. 100 confirmed as Upbit cold wallet: Crystal Intelligence
Cointelegraph previously confirmed that the “Mr. 100” address belongs to the Upbit exchange, according to wallet forensics analysis from Crystal Intelligence.
The blockchain intelligence firm told Cointelegraph:
“We have found that the number and value of transactions associated with this wallet are indicative of a VASP-type service. Additionally, we can confirm with high accuracy that the incoming transactions originate from Upbit, and these have maintained a consistent value since the collapse of FTX.”
All the 14 secondary wallet addresses associated with the main wallet of Mr. 100 have passed Know Your Customer verification on Upbit exchange, wrote pseudonymous on-chain sleuth Mai in a March 15 X response:
“Mr.100 uses a small wallet address to buy $BTC . I find it very similar to what Upbit usually does with altcoins (ETH network). If we follow Upbit’s cash flow, we will see the coincidence.”
BTC/USD, 1-week chart. Source: Marco Johanning
Related: Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure
Mr. 100 confirmed as Upbit cold wallet: Crystal Intelligence
Cointelegraph previously confirmed that the “Mr. 100” address belongs to the Upbit exchange, according to wallet forensics analysis from Crystal Intelligence.
The blockchain intelligence firm told Cointelegraph:
“We have found that the number and value of transactions associated with this wallet are indicative of a VASP-type service. Additionally, we can confirm with high accuracy that the incoming transactions originate from Upbit, and these have maintained a consistent value since the collapse of FTX.”
All the 14 secondary wallet addresses associated with the main wallet of Mr. 100 have passed Know Your Customer verification on Upbit exchange, wrote pseudonymous on-chain sleuth Mai in a March 15 X response:
“Mr.100 uses a small wallet address to buy $BTC . I find it very similar to what Upbit usually does with altcoins (ETH network). If we follow Upbit’s cash flow, we will see the coincidence.”
#BTC #hotnews
BTC/USDT, 1-month chart. Source: Rekt Capital
The analyst doesn’t expect much more downside action for Bitcoin, based on historical chart patterns.
While going lower seems unlikely, BTC price could consolidate for the next two months due to the challenging macroeconomic environment, according to Jag Kooner, head of derivatives at Bitfinex. He told Cointelegraph:
“We could see a one-to-two-month consolidation in Bitcoin prices, trading in a range with swings of $10,000 on either side. We expect the positive impact of the halving, which has brought about a reduction in Bitcoin supply, will be seen in later months. At this point, the economy is also expected to be performing better, having achieved a soft landing and avoiding a recession, providing further impetus to crypto assets.”
On the weekly chart, the $52,000 mark acts as the “most important level” to watch, as it’s a high timeframe support-resistance level.
A weekly close above the $52,000 mark would suggest more upside is likely, according to an X post by crypto trader Marco Johanning.
BTC/USDT, 1-month chart. Source: Rekt Capital
The analyst doesn’t expect much more downside action for Bitcoin, based on historical chart patterns.
While going lower seems unlikely, BTC price could consolidate for the next two months due to the challenging macroeconomic environment, according to Jag Kooner, head of derivatives at Bitfinex. He told Cointelegraph:
“We could see a one-to-two-month consolidation in Bitcoin prices, trading in a range with swings of $10,000 on either side. We expect the positive impact of the halving, which has brought about a reduction in Bitcoin supply, will be seen in later months. At this point, the economy is also expected to be performing better, having achieved a soft landing and avoiding a recession, providing further impetus to crypto assets.”
On the weekly chart, the $52,000 mark acts as the “most important level” to watch, as it’s a high timeframe support-resistance level.
A weekly close above the $52,000 mark would suggest more upside is likely, according to an X post by crypto trader Marco Johanning.
#BTC #MARKET
Mr. 100 wallet holdings and P&L. Source: CoinStats
Related: Crypto on track to hit 1B users by end of 2025 — Analyst
Bitcoin price bottom may be in
Bitcoin’s current correction is the longest and deepest retracement of the current cycle, according to popular Bitcoin analyst Rekt Capital, who said in a May 2 video analysis:
“Whenever we’d get close to a 20% downside, that was typically a fantastic buying opportunity before price reversals towards the upside. So if we’re deeper than 20%, it is an even better opportunity than we had this cycle, because the deeper we go the closer we get to a bottoming in Bitcoin’s price action.”
Mr. 100 wallet holdings and P&L. Source: CoinStats
Related: Crypto on track to hit 1B users by end of 2025 — Analyst
Bitcoin price bottom may be in
Bitcoin’s current correction is the longest and deepest retracement of the current cycle, according to popular Bitcoin analyst Rekt Capital, who said in a May 2 video analysis:
“Whenever we’d get close to a 20% downside, that was typically a fantastic buying opportunity before price reversals towards the upside. So if we’re deeper than 20%, it is an even better opportunity than we had this cycle, because the deeper we go the closer we get to a bottoming in Bitcoin’s price action.”
#BTC #news
Mr. 100 transactions. Source: Bitinfochart
This represents the wallet’s first Bitcoin purchases since April 19, the day before the 2024 Bitcoin halving.
The given whale address has been continually receiving BTC since November 2022, when the FTX exchange collapsed. The wallet has been adding at least 100 BTC nearly every day since Feb. 14, except for the post-halving period.
Mr. 100 is currently the 12th-largest Bitcoin holder, with over 65,155 BTC, according to Bitinfocharts data.
The address is sitting on $1.4 billion in unrealized profit, up around 33% on its all-time Bitcoin holdings, with an average buying price of $36,572 per BTC. The wallet is currently worth over $3.86 billion.
Mr. 100 transactions. Source: Bitinfochart
This represents the wallet’s first Bitcoin purchases since April 19, the day before the 2024 Bitcoin halving.
The given whale address has been continually receiving BTC since November 2022, when the FTX exchange collapsed. The wallet has been adding at least 100 BTC nearly every day since Feb. 14, except for the post-halving period.
Mr. 100 is currently the 12th-largest Bitcoin holder, with over 65,155 BTC, according to Bitinfocharts data.
The address is sitting on $1.4 billion in unrealized profit, up around 33% on its all-time Bitcoin holdings, with an average buying price of $36,572 per BTC. The wallet is currently worth over $3.86 billion.
#BTC
Mr. 100’ buys the Bitcoin dip for the first time since halving — Is the BTC bottom in?
Mr. 100, an entity previously identified as Upbit, has bought over $147 million worth of Bitcoin for the first time since the halving, suggesting an end to the current retracement.
The Bitcoin whale entity nicknamed “Mr. 100” has bought the Bitcoin
BTC$63,266
dip for the first time since the Bitcoin halving. Meanwhile, multiple market analysts suggest that the local Bitcoin bottom may be in as the price bounces from $56,000 lows.
4,100 BTC added for the first time since Bitcoin halving
The Mr. 100 whale wallet has added over 4,100 BTC worth over $242 million, around the $58,000 mark, according to on-chain data from Bitinfocharts, as noticed by X user HODL15Capital.
Mr. 100’ buys the Bitcoin dip for the first time since halving — Is the BTC bottom in?
Mr. 100, an entity previously identified as Upbit, has bought over $147 million worth of Bitcoin for the first time since the halving, suggesting an end to the current retracement.
The Bitcoin whale entity nicknamed “Mr. 100” has bought the Bitcoin
BTC$63,266
dip for the first time since the Bitcoin halving. Meanwhile, multiple market analysts suggest that the local Bitcoin bottom may be in as the price bounces from $56,000 lows.
4,100 BTC added for the first time since Bitcoin halving
The Mr. 100 whale wallet has added over 4,100 BTC worth over $242 million, around the $58,000 mark, according to on-chain data from Bitinfocharts, as noticed by X user HODL15Capital.
#CryptoWatchMay2024
LayerZero tackles sybil activity with self-reporting mechanism
LayerZero Labs will enforce consequences for those who don’t self-report by May 17
snapshot taken on May 1 related to a potential airdrop distribution to community members. This snapshot marks the deadline for eligibility in the upcoming token airdrop, as confirmed by the team in a graphic shared on X.
Airdrops are widely employed by decentralized finance (DeFi) protocols to create more traction by rewarding early users with newly issued cryptocurrencies.
LayerZero Labs did not provide further specifics about the airdrop, but earlier indications suggested they were gearing up for a token launch in early 2024, as per a Dec. 7, 2023, X post. LayerZero’s ZRO was the first Hyperp (Hyperliquid-only perp) to launch on the HyperLiquid perpetual futures decentralized exchange in September 2023.
LayerZero tackles sybil activity with self-reporting mechanism
LayerZero Labs will enforce consequences for those who don’t self-report by May 17
snapshot taken on May 1 related to a potential airdrop distribution to community members. This snapshot marks the deadline for eligibility in the upcoming token airdrop, as confirmed by the team in a graphic shared on X.
Airdrops are widely employed by decentralized finance (DeFi) protocols to create more traction by rewarding early users with newly issued cryptocurrencies.
LayerZero Labs did not provide further specifics about the airdrop, but earlier indications suggested they were gearing up for a token launch in early 2024, as per a Dec. 7, 2023, X post. LayerZero’s ZRO was the first Hyperp (Hyperliquid-only perp) to launch on the HyperLiquid perpetual futures decentralized exchange in September 2023.
Related: Changpeng Zhao gets 4 months, Sam Bankman-Fried gets 25 years — Why?
Many have criticized the Nigerian government’s charges as lacking merit. Authorities in the country detained both executives as Binance announced that it intended to cease all naira transactions, calling into question the timing of the arrests. Binance said Gambaryan had “no decision-making power” at the crypto firm.
In a separate criminal case in the United States, a judge sentenced former Binance CEO Changpeng Zhao to four months in prison on April 30 following his guilty plea for failing to maintain an Anti-Money Laundering program. Zhao is expected to report to a facility in Oregon or Washington at a date to be determined.
Many have criticized the Nigerian government’s charges as lacking merit. Authorities in the country detained both executives as Binance announced that it intended to cease all naira transactions, calling into question the timing of the arrests. Binance said Gambaryan had “no decision-making power” at the crypto firm.
In a separate criminal case in the United States, a judge sentenced former Binance CEO Changpeng Zhao to four months in prison on April 30 following his guilty plea for failing to maintain an Anti-Money Laundering program. Zhao is expected to report to a facility in Oregon or Washington at a date to be determined.
Nigerian court postpones money laundering trial of Binance and execs
A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents.
The trial of Tigran Gambaryan, a Binance executive detained in Nigeria since February, has reportedly been postponed until May 17 after another delay in court.
According to a May 2 Reuters report, lawyers representing Binance said they had not received documents necessary to move forward with a money laundering case involving the firm, Gambaryan and regional manager Nadeem Anjarwalla. The trial was expected to begin on May 2, but a judge reportedly adjourned proceedings until May 17 to allow the legal team to review the documents.
The trial is separate from tax evasion charges brought against Binance, Gambaryan and Anjarwalla by Nigeria’s Economic and Financial Crimes Commission. All parties have pleaded not guilty in the money laundering case. A bail hearing for Gambaryan is scheduled for May 17.
Anjarwalla and Gambaryan traveled to Nigeria in February to address claims that Binance manipulated the country’s fiat currency, the naira. Authorities detained and charged both men with tax evasion and money laundering, but Anjarwalla reportedly escaped custody and fled to Kenya, where he holds nationality in addition to the United Kingdom. Interpol reported on April 30 that extradition proceedings for Anjarwalla were moving forward.
A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents.
The trial of Tigran Gambaryan, a Binance executive detained in Nigeria since February, has reportedly been postponed until May 17 after another delay in court.
According to a May 2 Reuters report, lawyers representing Binance said they had not received documents necessary to move forward with a money laundering case involving the firm, Gambaryan and regional manager Nadeem Anjarwalla. The trial was expected to begin on May 2, but a judge reportedly adjourned proceedings until May 17 to allow the legal team to review the documents.
The trial is separate from tax evasion charges brought against Binance, Gambaryan and Anjarwalla by Nigeria’s Economic and Financial Crimes Commission. All parties have pleaded not guilty in the money laundering case. A bail hearing for Gambaryan is scheduled for May 17.
Anjarwalla and Gambaryan traveled to Nigeria in February to address claims that Binance manipulated the country’s fiat currency, the naira. Authorities detained and charged both men with tax evasion and money laundering, but Anjarwalla reportedly escaped custody and fled to Kenya, where he holds nationality in addition to the United Kingdom. Interpol reported on April 30 that extradition proceedings for Anjarwalla were moving forward.
#BTC
Jack Dorsey’s Block is ‘DCA’ing’ into Bitcoin every month
Twitter co-founder Jack Dorsey said his fintech firm Block, Inc. will flip 10% of its gross profit made off its Bitcoin products into buying Bitcoin every month.
“Going forward, each month we will be investing 10% of our gross profit from Bitcoin products into Bitcoin purchases,” Dorsey wrote in a May 2 shareholder letter inclusive of its better-than-expected first-quarter results.
Source: Michael Saylor
“We were one of the first public companies to put Bitcoin on our balance sheet,” he added. Block bought $220 million worth of BTC across Q4 2020 and Q1 2021.
“Our investment in Bitcoin transcends technology; it is an investment in a future where economic empowerment is the norm.”
Block’s Bitcoin gross profit for the first quarter of 2024 through customer sales with its Cash App business was up nearly 60% year-on-year to $80.1 million. 10% of this amount could buy it around 1,350 BTC at its current price of $59,250.
Jack Dorsey’s Block is ‘DCA’ing’ into Bitcoin every month
Twitter co-founder Jack Dorsey said his fintech firm Block, Inc. will flip 10% of its gross profit made off its Bitcoin products into buying Bitcoin every month.
“Going forward, each month we will be investing 10% of our gross profit from Bitcoin products into Bitcoin purchases,” Dorsey wrote in a May 2 shareholder letter inclusive of its better-than-expected first-quarter results.
Source: Michael Saylor
“We were one of the first public companies to put Bitcoin on our balance sheet,” he added. Block bought $220 million worth of BTC across Q4 2020 and Q1 2021.
“Our investment in Bitcoin transcends technology; it is an investment in a future where economic empowerment is the norm.”
Block’s Bitcoin gross profit for the first quarter of 2024 through customer sales with its Cash App business was up nearly 60% year-on-year to $80.1 million. 10% of this amount could buy it around 1,350 BTC at its current price of $59,250.
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