On May 28th, according to Lookonchain monitoring, an address sold all of its 539,558 WIF tokens at an average price of $3.7, receiving 11,708 SOL tokens worth approximately $2 million. The address has realized profits of $24.1 million on WIF, $11 million on BODEN, and $6.28 million on BONK.
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Metal L2 will undergo a smart contract upgrade on June 24th to ensure a smooth transition for wallets holding Metal DAO (MTL) tokens. The snapshot date is June 24th and the airdrop date is June 26th. If using a supported non-custodial wallet, switching networks after the airdrop will allow you to see your MTL balance on the Metal L2 mainnet. MTL v1 tokens will be converted to MTL v2 tokens at a 1:1 ratio. Wallets supported by Metal L2 include WebAuth, MetaMask, and others.
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Insiders revealed that Hidden Road, a brokerage firm supported by Citadel Securities, will stop providing its clients with the opportunity to trade on the cryptocurrency exchange Bybit. Insiders said that Hidden Road informed its clients of this decision several weeks ago. This move was triggered by differences between the two companies in understanding customers and anti-money laundering requirements on Bybit.
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The Sandbox, a decentralized gaming platform, has launched its decentralized autonomous organization (DAO) called Sandbox DAO, which aims to increase transparency and community involvement. The initiative will be rolled out in three phases, with the first phase allowing community members to vote on Sandbox Improvement Proposals (SIPs) while the company still manages some operations. The second phase will see the DAO move towards self-reliance, and the third phase will mark a complete shift to community-driven governance. The Sandbox has assembled a leadership team to guide the transition, and community members who own at least 5 SAND or 1 LAND can vote on initial SIPs starting from May 28.
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Mt.Gox's Bitcoin holdings have been transferred to three new wallets in the past hour, as monitored by Arkham. All wallets received their first test transaction about four hours ago. Each address contains 47,230 BTC.
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FLock.io has launched its network application train.flock.io for its AI training platform. By integrating private data and on-chain rewards, FLock ensures fair incentives and promotes open collaboration. It meets the needs of Web3 and Web2 projects for customized AI models, while protecting data privacy by training models without exposing source data.It is reported that this beta test brings Web3 closer to providing traceable contributions and on-chain incentives for data owners, model developers, and computing providers, creating specialized models for different communities.
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On May 26th, the Arbitrum community's "2 Billion ARB Game Catalyst Plan" proposal has started on-chain voting. The proposal aims to provide a three-year incentive plan for the Arbitrum ecological game, with a total of 2 billion ARB tokens, with the goal of providing momentum for the Arbitrum game ecosystem through Web3 industry studios and games. The voting will end in 12 days.
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Wbe3 Entertainment Studio and technology company Feature.io completed a $1.9 million financing round. InterVest, 2PunksCapital, Avalanche, Acme Innovation, and SterlingVC participated, but specific valuation data has not been disclosed. Feature uses its Smart Content™ smart contract technology to connect audiences with brands through interactive touchpoints. These touchpoints can be seamlessly embedded into content that audiences and users love, and each interaction generates automatic rewards, creating revenue streams for users and brands.
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Malaysian law enforcement recently arrested ten suspects allegedly involved in money laundering using cryptocurrency. Assets worth more than $7.7 million, including cars, were seized, and bank accounts holding around $10.8 million were frozen. Law enforcement also confiscated luxury watches worth more than $3.9 million, 18 luxury cars, motorcycles, handbags, and a total of $106,800 in cash. Malaysian Police Chief Tan Sri Abdul Hamid Bador revealed that the eight men and two women between the ages of 28 and 51 used unregistered currency exchange dealers and cryptocurrency exchanges to transfer illegal activity funds from abroad to Malaysia. They have reportedly been detained under Section 4(1) of Malaysia's Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act.
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Sei announced that Proposal 55, which proposes an upgrade to V2 version, has been voted in favor. The Sei V2 mainnet upgrade will take place on May 27th.
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According to ZachXBT's monitoring, someone lost approximately 1807 Ether.fi-Liquid1 (LQIDETHFIV1), which is equivalent to 6.9 million US dollars, due to a phishing scam. In response, SlowMist founder, Yu Xian, posted on X platform saying, "Another huge amount lost to phishing, nearly 7 million US dollars of ETH and collateral assets...from the old phishing group Inferno Drainer. The reason is still related to the offline authorization signature of the permit that was phished. Is the phishing method of bankrupting with just one click still unknown to many people? I hope the victims can come forward and share their experiences, especially about the wallets they were using..."
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Arthur Cheong, founder and CEO of DeFiance Capital, stated on social media that over 70% of spot BTC ETFs are held by retail investors.
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A court in London, UK, sentenced a British Chinese woman named Jian Wen to 6 years and 8 months in prison for assisting her employer in money laundering related to Bitcoin. The Financial Times reported that the UK's Crown Prosecution Service has initiated civil recovery proceedings in the High Court for the confiscated assets. If no one else claims ownership of the criminal assets, half will go to the UK police and half to the UK Home Office. Huang Feng, a professor at the G20 Anti-Corruption and Asset Recovery Research Center at Beijing Normal University, said that according to UK law, if a victim of the crime asserts a claim to the property, the UK court will suspend the civil recovery application made by UK law enforcement agencies to determine the ownership of the relevant property.
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According to Whale Alert monitoring, at 14:15 Beijing time, there was a single transaction on the Ethereum blockchain with a transaction fee of 33.77 ETH (worth about $126,700). The on-chain labels of the two parties involved in the transaction were "jaredfromsubway.eth" and "jaredfromsubway: MEV Bot", and a complex set of operations was executed in this transaction.
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Jack Kong, founder of Nano Labs, director of Hong Kong Cyberport Management Company Limited, and member of the third-generation Internet development team in Hong Kong, stated in a post on X platform that major exchanges have withdrawn their VASP (Virtual Asset Trading Platform) license applications from Hong Kong. This will not have a significant impact on these exchanges, but it is not good for the development of Web3 in Hong Kong. The US Securities and Exchange Commission has already followed the trend, and Hong Kong regulatory agencies must keep up. Otherwise, the difficulty of developing Web3 in Hong Kong will greatly increase. Of course, we still firmly believe in Hong Kong and will continue to express policies that are beneficial to Hong Kong's development.
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On-chain data shows that about 50 minutes ago, Ethereum co-founder Vitalik Buterin proposed the first block as a block proposer on the Taiko mainnet, and in the attached note to the block, he stated: "I am glad to see Taiko launch as a Based Rollup platform. Ethereum benefits from adopting various L2s using different methods, and I appreciate that Taiko is one of the first projects to develop in this direction."
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