ConsenSys has received a Wells notice from the US SEC and is suing the SEC over Ethereum regulation
According to The Block, Consensys filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday, claiming that it attempted to classify ETH as a security. In the complaint, Consensys claimed that the SEC has been "trying to illegally regulate Ethereum through special enforcement actions against Consensys and other companies." It is seeking confirmation from the court whether the SEC has the legal authority to regulate user-controlled software interfaces built on Ethereum. In addition, the U.S. SEC has issued a Wells notice to Consensys, accusing MetaMask of operating as an unlicensed broker.
UK law enforcement agencies can now confiscate crime-related crypto assets without a conviction
According to CoinDesk, the UK Home Office said in a press release that new powers that will help law enforcement agencies confiscate cryptocurrencies used in crimes came into effect on Friday. The Home Office announced that due to these new regulations, the country's police will no longer need to make an arrest before confiscating cryptocurrency holdings, which will make it easier to confiscate assets known to have been obtained through criminal means, even if sophisticated criminals are able to protect their anonymity or are overseas. The new regulations came after the UK Parliament passed the Crime Bill last year, which laid the foundation for faster confiscation of cryptocurrencies. "It is crucial for investigators and prosecutors to have the ability and flexibility to keep up with the changing nature of crime, and these new measures will greatly help us restrain, freeze or eliminate cryptocurrency assets in illegal businesses," said Chief Crown Prosecutor Adrian Foster in a press release. Officials will also be able to transfer cryptocurrencies to wallets controlled by law enforcement agencies. They will also be able to destroy these cryptocurrency assets if putting them back into circulation is not conducive to the public interest. The press release pointed out that privacy coins are a type of asset and confiscated privacy coins may be destroyed.
FBI warns Americans not to use unregistered cryptocurrency transfer services
According to The Block, the US Federal Bureau of Investigation (FBI) said on Thursday that Americans should not use cryptocurrency transmission services provided by companies that are not registered as money service businesses (MSBs) under federal law. At the same time, the FBI also provided FinCEN's official tool that allows users to check whether a company is registered as an MSB. In addition, the FBI also warned users not to use crypto services that do not require KYC information before allowing the sending or acquisition of cryptocurrencies. The statement said, "The FBI recently conducted law enforcement actions against cryptocurrency services that were not licensed in accordance with federal law. People who use unlicensed cryptocurrency transfer services may experience financial disruptions during law enforcement actions, especially when their cryptocurrencies are mixed with funds obtained through illegal means." "Cryptocurrency transfer services that intentionally violate the law or knowingly assist illegal transactions will be investigated by law enforcement. Using services that fail to fulfill their legal obligations may cause you to lose access to funds after law enforcement takes action against these businesses."
Instagram influencer 'Jay Mazini' sentenced to 7 years in prison for cryptocurrency fraud
According to the U.S. Attorney's Office, Jebara Igbara, known as "Jay Mazini," was sentenced to seven years in prison and ordered to forfeit $10 million by U.S. District Judge Frederic Block for multiple cryptocurrency-related fraud cases. Igbara, 28, ran a Ponzi scheme targeting Muslims through his company Halal-Capital LLC. He claimed to be a successful cryptocurrency millionaire on social media such as Instagram, defrauding investors by offering cryptocurrency prices above the market and sending fake wire transfer confirmation images, ultimately defrauding at least $8 million. Igbara pleaded guilty to wire fraud and money laundering charges in November 2022.
Magic Eden has been extended to the Base network
According to official news, the NFT market Magic Eden has expanded to the Base network, and users can collect diamond rewards and enjoy a limited-time 0.5% fee on this new Base NFT market. In addition, Base assets are already supported in ME Wallet, and ETH Retro Diamonds are unlocked through Base tasks, which means that operations that earn diamonds on Base will also unlock bonus diamonds on ETH.
According to The Information, citing two people familiar with the matter, Musk's artificial intelligence company xAI is raising $6 billion, and the company's valuation is $18 billion excluding this investment. One of the people familiar with the matter said that Sequoia Capital is one of the investors participating in this round of xAI financing, and another person familiar with the matter said that the financing is expected to be completed in the next two weeks.
SlowMist: Beware of new scams that maliciously modify RPC node links to steal crypto assets
SlowMist issued a security warning stating that malicious modification of RPC node links to steal assets. Scammers are manipulating RPC links to display false USDT balances, deceiving users into thinking they have received payments. The cunning of such scams is to exploit the psychological weaknesses of users. Users often only pay attention to whether the funds have arrived, while ignoring potential risks. Scammers take advantage of this trust and negligence and use credible strategies such as transferring small amounts of funds to deceive users. Therefore, the SlowMist security team recommends that users remain vigilant during transactions, enhance self-protection awareness, and remain skeptical of others to avoid financial losses.
El Salvador's official crypto wallet Chivo Wallet refutes rumors of user data being hacked
According to Finance Feeds, Chivo Wallet, the official cryptocurrency wallet of El Salvador, has refuted reports that its software source code and data of more than 5 million users related to KYC procedures were hacked. The wallet administrator clarified that the security of its data has not been compromised.
In a press release, Chivo Wallet responded to allegations linking it to a data breach that allegedly exposed the personal details of more than 5 million Salvadorans. The leaked data included full names, unique identification numbers, dates of birth, addresses, phone numbers, emails, and photos. There was speculation that the data was related to the KYC process required by the Salvadoran government to provide citizens with incentives offered at the launch of the wallet, such as a $30 Bitcoin reward. Chivo Wallet refuted the allegations, saying that the leaked data did not come from its systems. "Our users' data is safe and Chivo's security has not been violated in any way," they assured.
Additionally, Chivo responded to reports of a source code hack, published by the same entity that disclosed the massive database. They stated that the only leaked files were from a Chivo ATM that was stolen on March 21, 2023. The files only contained information related to the operation of the ATMs and did not include any personal user data. Chivo Wallet condemned reports of the leak and its alleged connection to user data as "fake news," noting that the original source of the data breach has not yet been identified.
According to Decrypt, the team behind Solana's Meme coins Cat in a Dogs World (MEW) and Maneki (MANEKI) have airdropped 37,600 MEW and 5,199 MANEKI to the wallets of users who pre-ordered Solana Mobile's second smartphone, "Chapter 2". On Thursday morning, the total value of these tokens reached $459, exceeding the $450 cost of the phone; as of press time, these tokens are worth $359. Earlier in January, Solana Mobile opened pre-sales for the second-generation Saga phone, with a pre-order deposit of $450, and it is expected to be shipped in the first half of 2025.
FTX Bankruptcy Estate Sells 2,000 SOL This Week, Pantera Capital Is One of the Winning Bidders
According to Bloomberg, people familiar with the matter revealed that Pantera Capital was one of the winning bidders for another batch of discounted Solana tokens auctioned by the FTX bankruptcy estate; in this week's auction, the FTX bankruptcy estate sold about 2,000 SOL tokens. The tokens were sold at a price higher than the price of about $60 in the previous auction. People familiar with the matter said more auctions are expected. Earlier this month, the FTX bankruptcy estate sold two-thirds of Solana tokens worth about $2.6 billion at a significant discount, attracting participation from Pantera and Galaxy Digital. The 41 million SOL tokens sold by the FTX bankruptcy estate are locked according to a pre-agreed vesting period, which means they cannot be traded on the market. The tokens will be gradually listed for sale over four years.
Franklin Templeton Tokenizes $380 Million U.S. Treasury Fund on Polygon and Stellar
According to Cryptoslate, Franklin Templeton tokenized a $380 million U.S. Treasury bond fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries. The company launched the Franklin On-Chain U.S. Government Currency Fund (FOBXX), issuing shares in the form of BENJI tokens. Each token represents a portion of FOBXX and can be traded on the public Polygon and Stellar blockchains. This innovation aims to simplify transactions and expand access, allowing investors to manage their assets more flexibly through direct transactions. Franklin Templeton incorporates blockchain technology into its financial operations, aiming to enhance the liquidity and efficiency of asset management. The company is responding to the growing demand of financial institutions to merge traditional financial structures with modern technology solutions.
Stripe will support USDC payments this summer
According to The Block, fintech company Stripe announced on Thursday that it will support stablecoin USDC payments this summer, initially only available on Solana, Ethereum and Polygon. It is reported that this is the first time Stripe has accepted crypto payments since 2018, when the company stopped supporting cryptocurrency payments due to high Bitcoin price volatility.
Coinbase to Launch Aevo, Ethena, and Etherfi Perpetual Futures Contracts on May 2
According to the official announcement, Coinbase International Exchange and Coinbase Advanced will add support for Aevo, Ethena and Etherfi perpetual futures contracts. The AEVO-PERP, ENA-PERP and ETHFI-PERP markets will be open on or after 17:30 Beijing time on May 2, 2024.
Wormhole announced that its native token W is now natively multi-chain on chains such as Solana, Ethereum, Arbitrum, Optimism, and Base through Wormhole Native Token Transfer (NTT) technology. Using NTT technology, users can seamlessly transfer W tokens between these chains without worrying about liquidity fragmentation or liquidity pools. On Solana, W is an SPL token and on the EVM chain it is an ERC20 token. This move completes the second phase of the W launch roadmap and lays the foundation for the future multi-chain governance system MultiGov and W token governance staking.
Immutable Launches $50 Million Crypto Gaming Incentive Program The Main Quest
Blockchain gaming platform Immutable announced the launch of a new program called "The Main Quest", the largest web3 game mission and reward program to date. Immutable has prepared $50 million worth of token rewards for players. Currently, more than 270 game titles are being developed in the Immutable ecosystem, including high-profile game projects such as "Illuvium" and "MetalCore". These games are included in the first phase of the program. Starting today, players can immediately earn rewards by exploring missions, playing games, and owning collectibles on Immutable.
a16z Crypto General Counsel proposes 5 principles for token issuance
In his article on token issuance strategy, Miles Jennings, general counsel of a16z Crypto, proposed five basic principles to help blockchain projects issue tokens safely within the framework of complying with U.S. securities laws. The first rule is to never sell tokens publicly in the United States for fundraising purposes, due to the strict regulatory attitude of the U.S. Securities and Exchange Commission (SEC). The second rule emphasizes decentralization as a core guiding principle of the project. The third rule states that communication is everything and projects should strictly manage relevant communication strategies. The fourth rule reminds projects to be extra careful when considering secondary market listings and liquidity issues. The last rule recommends that all tokens be locked for at least one year. Jennings emphasized that these rules are not intended to circumvent U.S. securities laws, but to ensure that the risks of holding tokens are significantly different from the risks of investing in securities.
Aethir announces the launch of the Aethir Cloud Drop event, which will last until May 12
Aethir, a decentralized cloud infrastructure (DCI), announced today the launch of the Aethir Cloud Drop event, which will last until May 12. This event aims to ensure the full decentralization of the Aethir ecosystem by distributing the upcoming $ATH token to community members. Ways to participate in the Aethir Cloud Drop include joining through the Aethir Cloud Drop platform, which provides a user-friendly and streamlined experience. Eligibility for the event is determined by a system of badges and tasks, and participants can qualify by purchasing Aethir Checker nodes, interacting on social media, taking quizzes, referring friends, and becoming part of a specific NFT/token community.
Avail’s DA Solution to be Integrated by Five Major Ethereum Layer 2
According to Coindesk, Avail, a blockchain project focusing on data availability (DA), announced that its DA solution will be integrated by the second-layer networks in the five major Ethereum ecosystems, including Arbitrum, Optimism, Polygon, StarkWare and zkSync. Users of these networks will be able to choose whether to use Avail for data availability services, which is a more economical and faster way for these rollup networks to store large amounts of transaction data. Anurag Arjun, co-founder of Avail, said that although Avail's DA is still in the testnet stage, it is expected to be officially launched soon. In addition, Avail also announced plans to conduct a token airdrop next week, and users of these rollup networks will be eligible to receive AVAIL tokens. Avail also plans to launch two core products: Nexus, a layer that interconnects different rollups through the Avail ecosystem (similar to Polygon's AggLayer), and Avail Fusion, which will contribute to Avail's security (similar to EigenLayer) by leveraging the security of crypto assets such as Ethereum (ETH) or Bitcoin (BTC). Arjun pointed out, “DA is ready as DA will be launched soon. Nexus is still under development and we are working closely with some teams to integrate the Nexus part better.”
Xterio Chain, the L2 network of blockchain game publisher Xterio, will use BNB as the gas token
Blockchain game publisher Xterio announced that it has partnered with BNB Chain to introduce its games to a new gaming-focused Layer 2 blockchain. The chain (Xterio Chain) will use BNB as a fuel token and strengthen the infrastructure of the BNB Chain ecosystem. AltLayer will also provide key technical support for this. Earlier this month, it was reported that blockchain game publisher Xterio partnered with AltLayer to launch the Layer 2 network Xterio Chain.
Liquidity re-staking platform Eigenpie launches unstaking function
Liquidity re-staking platform Eigenpie announced that it now allows users to unstake. Users who re-stake LSTs through the Eigenpie platform can choose to unstake their assets. After unstaking, users will retain the EigenLayer points and Eigenpie points they have accumulated, but once the unstaking application is submitted, users will no longer receive new points.
CARV, a modular data layer focused on gaming and AI, announced today that it has completed a $10 million Series A financing round. This round of financing was led by Tribe Capital and IOSG Ventures, and Consensys (developer of MetaMask and Linea), OKX Ventures, Fenbushi Capital, No Limit Holdings, Draper Dragon, Arweave, LiquidX, MARBLEX (Netmarble's web3 division), etc. also participated in the investment. CARV aims to support data autonomy and integrity by providing a modular cross-chain protocol and ID aggregation solution, while emphasizing security and efficiency. In addition, CARV is about to launch node sales to enhance the decentralization and trust of the protocol. CARV co-founder Victor Yu said that the funds will be used to further develop its gaming and AI data solutions, aiming to optimize data innovation and ensure that users can share the value created by the Internet. CARV's products include CARV Protocol, a cross-chain data layer that provides identity authentication, storage, processing and monetization components; CARV Play, a cross-platform credential system and the largest web3 game distribution and social platform; and CARA, a personalized game assistant that integrates web3 wallets, TON-based games and social networks.
According to CoinDesk, Movement Labs, co-founded by young entrepreneurs Cooper Scanlon and Rushi Manche, which focuses on building Ethereum L2 blockchain, announced the completion of a $38 million Series A financing round, led by Polychain Capital, with participation from Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5 and Aptos Labs. Movement L2 is an Ethereum Layer-2 blockchain based on the Move programming paradigm. In addition, Movement Labs also introduced Move Stack, a highly compatible blockchain execution environment that can be used to build other chains, and plans to enter the testnet stage this summer. The company also plans to launch its own token, tentatively named MOVE.
Pantera Capital plans to raise $1 billion for new crypto fund
According to The Block, a person familiar with the matter revealed that venture capital firm Pantera Capital hopes to raise $1 billion for a new cryptocurrency fund. The fund, called Pantera Fund V, will focus on assets such as startup equity, early-stage tokens and liquidity tokens. Pantera had previously sought to raise $1.25 billion for its second blockchain fund in September 2022. The source added that the $1.25 billion fund and the $1 billion Pantera Fund V are separate. As previously reported, Pantera's Liquid Token Fund brought in a 66% return in the first quarter of 2024. It is reported that Pantera manages $5.2 billion in assets through three fund strategies. Pantera is one of the most active crypto investors and has invested in more than 180 startups to date.
US Q1 GDP is lower than expected, core PCE price index rebounds sharply
The initial annualized quarterly rate of real GDP in the first quarter of the United States was 1.6% (expected 2.4%, previous value 3.40%), the lowest since Q1 2023. The initial annualized quarterly rate of the core PCE price index in the first quarter of the United States was 3.7% (expected 3.40%, previous value 2.00%), the highest since Q2 2023, a sharp rebound from the previous month.
Justin Sun purchased another 21,547 ETH, and has purchased more than 176,000 ETH since April 8
On-chain data shows that Justin Sun has just purchased another 21,547 Ethereum (Justin Sun), with a total value of approximately $67.5 million. Since April 8, he has purchased a total of 176,117 Ethereum, with a total investment of $559.7 million, and an average purchase price of $3,172 per ether.
First rare satoshi minted from Bitcoin’s fourth halving block sold at auction for $2.13 million
As Cointelegraph reported, the first rare satoshi “epic sat” minted from Bitcoin’s fourth halving block was sold for $2.13 million (33.3 BTC) at an auction hosted by CoinEx global.
Justin Sun deposited 5,000 BNB worth $3.07 million to Binance in the early morning
According to on-chain analyst @ai_9684xtpa, seven hours ago, Justin Sun address 0x176...0a132 recharged 5,000 BNB to Binance, worth $3.07 million. This is Justin Sun largest single transfer amount in the past year.
According to HODL15Capital data monitoring, the net outflow of US spot Bitcoin ETFs yesterday was $197 million, achieving two consecutive days of net outflows. Among them, GBTC had a net outflow of $140 million; IBIT's inflow was 0 again; Fidelity's FBTC had an outflow for the first time, with an amount of $23 million.
According to HODL15Capital monitoring, the trading volume data of Bitcoin spot ETFs on April 25 are as follows: BlackRock IBIT US$914 million, Grayscale GBTC US$476 million, Fidelity FBTC US$310 million, ProShares BITO US$218 million, ARKB US$78.9 million, and BITB US$76.32 million.
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