🔥 Safemoon Company officially filed for Chapter 7 bankruptcy, meaning "liquidation bankruptcy", sold everything and closed.
Employee shares letter from company: You need to file a claim in bankruptcy court to recover your unpaid wages.
In November, the US Department of Justice 🇺🇸 arrested Braden founders and senior employees John Karony and Thomas Smith while Kyle Nagy remained on the run. They are being prosecuted for the crime of International Fraud Scheme. #BinanceSquare $BTC $ETH $BNB
#ETF #SEC Bitcoin Spot ETF UPDATE (Bloomberg, Eric Balchunas and James Seyffart):
Invesco accepted its loss to the SEC and accepted a 'cash' model instead of 'in-kind'. Bitwise has also adopted this model. Simply put, the issuing company must hold Bitcoin, while intermediaries only need to hold "cash only" cash.
Currently, only large companies like ARK and BlackRock still persist in wanting the 'in-kind' model.$BTC
Fed Chairman Jerome Powell wants to maintain high interest rates longer than expected As on CME, the expectation is that the FED will cut interest rates in May next year. Let's wait for the FED to speak tomorrow and see the market's reaction$BTC #fed #CME
🔥 ARK invest has continuously sold Coinbase shares in recent weeks. The biggest sale, which took place last Friday, was the biggest since July, when they sold 480,000 shares worth $50.5 million.
ARK applies a target weight to its ETFs. The weight of each component investment does not fall below 2% of the fund's value and does not exceed 10%.
The recent rally in Coinbase stock, which has reached a high since April 2022, means its weighting in the funds has gone well beyond 10% so the decision to sell is not too unusual according to How the fund works.$BTC $ETH #BinanceSquare #BinanceBlockchainWeek
Hello everyone! Today, I will introduce to you some commonly used on-chain checking tools. Here are some fundamental tools that on-chain analysts should be aware of: 1. Nansen 2. 0xscope 3. Arkham 4. Debank 5. Zerion 6. Blockscan 7. Meta Sleuth 8. Dune These tools provide valuable insights into on-chain activities, allowing users to analyze transactions, smart contracts, and various blockchain data. Whether you are interested in tracking token movements, exploring decentralized finance (DeFi) protocols, or conducting blockchain analytics, these tools can offer a comprehensive range of features to assist you in your on-chain research. #onchain #Research $ETH $BTC $BNB #BinanceSquare
"The adjustments during the long-term growth season of Bitcoin remain unchanged. In the context of extended development, Bitcoin has undergone various corrections without significantly impacting its growth trend. These adjustments often occur within market cycles and typically do not disrupt the fundamental structure of Bitcoin. Investors and market observers commonly acknowledge that volatility is a natural part of the cryptocurrency market. These corrections can be attributed to various factors, including market events, technical elements, and psychological factors affecting investor sentiment. However, it is crucial to recognize that these adjustments generally do not alter the long-term growth trajectory of Bitcoin. Its technological foundation, limited supply, and increasing recognition are critical factors in maintaining Bitcoin's strength in the cryptocurrency market. Therefore, while short-term fluctuations may occur, these corrections often do not change the long-term growth prospects of Bitcoin, and many investors continue to maintain faith in its sustainability over an extended period."$BTC #BinanceSquare
Senator 🇺🇸 Elizabeth Warren introduces the Digital Assets Anti-Money Laundering Act of 2023.
This bill would expand Bank Secrecy Act (BSA) responsibilities, including KYC requirements for all cryptocurrency wallet providers, miners, and validators.
This bill would be essentially unworkable and the current version is unlikely to pass the Senate, let alone the House, where the Republican Party retains control, BUT it would be The starting point for a negotiation, what they want is for the majority of transactions to go through intermediaries to protect banks in the name of anti-money laundering.$BTC $ETH $BNB #Uptrend
Even Google believes that the Bitcoin Spot ETF will be approved. They have just updated their advertising policies:
In January 2024, Google will update policies related to crypto and related products to clarify the scope and advertising requirements for crypto funds.
Starting from January 29, 2024, advertisers offering crypto funds targeting the United States can advertise their products and services if they meet the following requirements and are certified by Google. ✅ Crypto funds For example, financial products that allow investors to trade shares in funds holding large amounts of crypto.$BTC $ETH #Web3 #ETF
🔥 The amount of money flowing into some investment funds in the past week, as reported by CoinShares, indicates a decrease. However, it is still the 11th consecutive week with additional funds coming in.
The funds mainly attracted money into assets such as BTC, ETH, and Short BTC. The inflows are originating from countries like Germany, Switzerland, the United States, and Canada.#BTCUSDT #ETH $BTC $ETH $BNB