The U.S. Probation Office recommends a five-month suspended sentence for CZ
According to CoinDesk, court documents show that although the Department of Justice requested a 36-month prison sentence and a $50 million fine for former Binance CEO CZ, the probation office recommended a five-month suspended sentence in its statement report. At the same time, the defense requested house arrest and probation instead of jail time.
Tama Kudman, a partner at analyst Kudman Trachten Aloe Posner LLP, said the Justice Department’s request for a longer sentence seemed to be sending a strong message. The U.S. Justice Department has been working to combat money laundering through cryptocurrencies, and CZ“has been pretty blatant with anti-money laundering regulations.”
Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to money laundering charges on Monday, CoinDesk reported. Rodriguez was released on $1 million bail, and his next hearing will be held in Manhattan on May 14. Keonne Rodriguez is reportedly facing two charges of conspiracy to launder money and conspiracy to operate an unlicensed money transfer business, which together carry a maximum sentence of 25 years in prison. Rodriguez and another co-founder, William Lonergan Hill, were arrested last week, and authorities shut down the Samourai Wallet service. Prosecutors said Samourai Wallet was suspected of processing more than $2 billion worth of illegal funds between 2015 and 2024, including providing more than $100 million in money laundering transactions for Dark Web markets.
Interactive Brokers Launches Hong Kong Spot Bitcoin and Ethereum ETPs
Interactive Brokers announces the launch of Hong Kong spot Bitcoin and Ethereum exchange-traded products (ETPs) available for trading on the Hong Kong Stock Exchange. Eligible clients of Interactive Brokers Hong Kong can now trade the new spot Bitcoin and Ethereum ETPs, as well as stocks, options, futures, currencies, bonds, funds and more, through a unified platform. Clients can purchase spot Bitcoin and Ethereum ETPs through their IBKR brokerage account and easily add cryptocurrency exposure to their portfolio without directly owning the digital assets.
Today, six virtual asset spot ETFs under Bosera HashKey, China Asset Management and Harvest Asset Management officially rang the bell and were listed on the Hong Kong Stock Exchange and opened for trading, including Bosera HashKey Bitcoin ETF (3008.HK), Bosera HashKey Ethereum ETF (3009.HK), China Asset Management Bitcoin ETF (3042.HK), China Asset Management Ethereum ETF (3046.HK), Harvest Bitcoin Spot ETF (3439.HK) and Harvest Ethereum Spot ETF (3179.HK).
Both Bitcoin and Ethereum ETFs are anchored to the spot physical prices (BTC/ETH), and their fluctuations are basically consistent with the price changes of BTC/ETH.
According to Fox Business, according to the relevant legal documents of the SEC's lawsuit against Consensys, US SEC Chairman Gensler has always believed that ETH is an "unregistered security" and does not comply with current federal regulations over the past year.
In addition, on March 28, 2023, Gurbir Grewal, head of the SEC's enforcement division, approved a formal order to investigate the status of Ethereum securities, authorizing law enforcement officers to investigate and subpoena individuals and entities involved in the incident. It is reported that the recipients of the subpoenas must keep the investigation strictly confidential if they want to know more details about the investigation in accordance with the instructions of the SEC.
EigenLayer will launch its native token in May, and stakers will receive a 15% airdrop
According to The Block, the liquidity re-pledge protocol EigenLayer will launch its native token in May and announced a token airdrop plan. The Eigen Foundation will be the entity that issues the token. The total supply of EigenLayer tokens is 1.67 billion, of which 45% will be allocated to its community, including pledge airdrops (15%), community programs (15%), and ecosystem development (15%). In addition, 29.5% of the tokens will be allocated to investors, while early contributors will receive 25.5% of the tokens. The tokens obtained by investors and early contributors will be locked for a total of three years, of which the first year will be fully locked and will be gradually released at a rate of 4% per month for the next two years. EigenLayer also released a white paper today describing the structure of the Eigen token and how it fits into the Eigen ecosystem.
According to The Block, MicroStrategy released its first quarter 2024 earnings report on Monday, and announced its Bitcoin holdings data. In the first quarter of this year, MicroStrategy's revenue was $115.2 million, a year-on-year decrease of 5%. At the same time, since the end of the fourth quarter of last year, the company has purchased 25,250 bitcoins at a price of $1.65 billion, with an average price of $65,232. This is also the 14th consecutive quarter that MicroStrategy has increased its holdings of Bitcoin on its balance sheet. As of March 31, MicroStrategy held a total of 214,278 bitcoins. MicroStrategy founder Michael Saylor later tweeted that MicroStrategy purchased another 122 bitcoins for $7.8 million in April this year, bringing the company's total Bitcoin holdings to 214,400, with a total value of $7.54 billion and an average holding price of $35,180.
FTX debtors reach $450 million settlement with Voyager Digital
According to Cointelegraph, a bankruptcy judge approved a motion to allow FTX debtors to reach a $450 million settlement with bankrupt company Voyager Digital. In a document filed with the U.S. Bankruptcy Court of Delaware on April 29, Judge John Dorsey approved the terms of the agreement between FTX and Voyager, allowing Voyager to resolve all claims with FTX as part of a plan to compensate creditors. Upon approval, the two parties agreed to return $5 million held by Voyager and another $445 million related to the Alameda Research loan repayment lawsuit to the company's debtors. FTX will also "give up" all rights to these funds. Paul Hage, the attorney representing Voyager Digital and its debtors, signed the agreement, and FTX restructuring officer and CEO John Ray III also signed the agreement on April 4.
friend.tech: V2 release postponed to May 3 to develop a feature
Web3 social platform friend.tech said on the X platform: “Many people asked you to share with the key holder when claiming the FRIEND airdrop. We think this is a great idea. We need more time to implement this feature, so we postponed the (V2) release time to 01:30 Beijing time on May 3rd.
Coinbase to List Neon EVM (NEON)
Coinbase Assets said on the X platform that Coinbase announced that it will support Neon EVM (NEON) (SPL token) on the Solana network. If liquidity conditions are met, trading of NEON tokens will begin at approximately 12:00 noon (EST) on April 30, 2024. Once sufficient supply of the asset is established, the NEON-USD trading pair will be launched in phases.
Dune: There are currently no plans to airdrop Dune or issue tokens
Dune tweeted that its account had been hacked before. A fake post about Dune airdrop lasted for about 15 minutes, and the Dune team has now regained control of the account. Dune reminded users that there is no plan to conduct Dune airdrop or issue tokens, and users should be careful not to be deceived.
Payments Giant Stripe Expands Crypto Business Through Integration with Avalanche
Payment technology company Stripe seems to be going all-in on the crypto space as it announced an integration with Avalanche today, Decrypt reported. Just last week, Stripe announced that it would allow companies using its technology to accept USD Coin (USDC) stablecoins for online payments. Today, Stripe said it will make it easier for its retail customers to enter the Avalanche ecosystem. Ava Labs, the development company behind the Avalanche blockchain, said its wallet Core will use Stripe's fiat-to-cryptocurrency conversion service.
Kamino will open KMNO tokens for redemption at 20:00 on April 30
Solana Ecosystem DeFi Protocol Kamino announced on the X platform that it will open KMNO token applications at 20:00 Beijing time on April 30. According to previous news, the total supply of KMNO tokens is 10 billion, of which 10% will be circulated when it is first launched in April, and the other 7% of the total supply is designated for "initial community allocation."
Terra Classic Community Accuses Karak Developer Andalusia Labs of Stealing 200 Million USTC Tokens
According to DL News, DeFi protocol Karak is the latest entrant in the cryptocurrency staking space, but it is already facing controversy less than a month after its launch. Dozens of DeFi users and Terra Classic community members accused Andalusia Labs, the company behind DeFi protocol Karak, of stealing 200 million USTC tokens (worth about $7 million at the time) from the Terra ecosystem a few months after the Terra ecosystem collapsed in 2022. Karak fought back against the allegations earlier this month, saying on X: "There is no involvement of user funds or misappropriation of user funds. Any statement to the contrary is FUD." Andalusia Labs claims that the tokens belong to it, and its co-founder Raouf Ben-Har said in Karak's public Discord channel earlier this month that it was "granted" 200 million USTC tokens. Therefore, they can spend them as the organization sees fit.
Tether invests $200 million in biotech firm Blackrock Neurotech
According to The Block, stablecoin issuer Tether has invested $200 million in Blackrock Neurotech, a biotech company dedicated to developing tools to help patients with paralysis, loss of function and neurological diseases.
The investment was made through Tether’s newly formed venture capital arm, Tether Evo. With this investment, Tether is now a majority shareholder in Blackrock Neurotech, the stablecoin issuer said on Monday. Tether added that the investment will help Blackrock Neurotech fund the commercialization and promotion of its medical solutions and assist in its research and development efforts.
According to THE BLOCK, on-chain detective ZachXBT claimed that the North Korean hacker group Lazarus laundered $200 million worth of stolen cryptocurrencies into fiat currency in four years.
According to The Block, Nansen data shows that in the past 30 days, the combined transaction volume of Tether, USDC and DAI has exceeded Visa's monthly average in 2023. Stablecoin Tether has processed $654 billion in transactions in the past 30 days, while DAI's transaction volume exceeded $394 billion and USDC's transaction volume was $321 billion. The total amount of the three is $1.369 trillion. In comparison, Visa's annual transaction volume in 2023 was $1.48 trillion, with an average monthly transaction volume of $1.23 trillion.
Nansen data shows that Tether's monthly transaction volume alone is almost as high as that of Mastercard, the world's second-largest credit card provider. In 2023, Mastercard's monthly average transaction volume was $750 billion, with a total of $9 trillion for the year. Tether also surpassed PayPal, which managed an average of $125 billion per month last year, the data shows.
Data: Grayscale GBTC net outflow of $25 million on April 29
According to HODL15Capital monitoring, on April 29, Grayscale GBTC had a net outflow of US$25 million, ARKB had an outflow of US$31 million, Bitwise BITB had an inflow of US$7 million, and Franklin EZBC had an inflow of US$2 million.
According to HODL15Capital monitoring, the trading volume data of Bitcoin spot ETFs on April 29 are as follows: BlackRock IBIT US$758 million, Grayscale GBTC US$252 million, Fidelity FBTC US$215 million, ProShares BITO US$157 million, ARKB US$77.68 million, and BITB US$41.69 million.
Six whale sold more than 44,000 ETH after the market fell, worth about $140 million
According to Lookonchain monitoring, after the market fell, six whale sold a total of more than 44,000 ETH (worth about US$140 million).
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