Crypto speak: Funds are safu

“Funds are safu” is a popular crypto meme symbolizing the safety of funds in any project. The expression supposedly originated thanks to the Binance Secure Asset Fund for Users (SAFU), which insures traders.

In the midst of a crypto crisis, if you hold reliable assets, you can safely write “funds are safu!”

And it’s also a playful reference to the Asian pronunciation of the word safe.

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Crypto speak: Reveal

“Reveal” is the process of discovering an NFT.

Here’s an example: Often, NFT collections are minted, where their individual NFTs all look the same initially but take on a unique form after a predetermined amount of time has elapsed.

Such reveal mechanics are popular in the NFT space and are often used in creative and original ways.

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🙅 4 reasons from Consensys why ETH is not a security

📌 The SEC's historical position on Ethereum

In 2018, William Hinman, then director of the SEC's Division of Corporation Finance, voiced his position and pointed out that Ethereum is not considered a security.

"Putting aside the fundraising that accompanied the creation of [Ethereum], based on my understanding of the current state of [Ethereum], the Ethereum network and its decentralized structure, the current offers and sales of [Ethereum] are not securities transactions"

📌 CFTC Classification as a Commodity

The Commodity Futures Trading Commission (CFTC), another regulatory body in the US, has consistently recognized Ethereum as a commodity. And recently, the CFTC finally classified Ethereum as a commodity .

📌 Decentralization and Open Protocol

The essence of the whole ETH architecture lies on decentralization. Whereas, securities are managed by a central authority.

📌 Non-existence of a shift in the consensus mechanism

The recent shift of ETH from PoW to PoS, has been cited by the SEC as a potential cause of reclassification. However, this transition had no effect on Ethereum's basis of operation or classification.

For SEC, the weight of arguments sometimes doesn't matter, the main thing is to file a lawsuit, make money on fines and fill the coffers 😁

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💡💡💡: BlackRock hosts 🥇Bitcoin investing conference with industry leaders at its headquarters.

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Crypto speak: Doxxed

In the cryptocurrency world, the term “fully doxxed” means that a person’s identity in the real world has been revealed publicly, either through a leak of personal information or intentional distribution. Depending on the individual or project, this issue is a point of contention, as many people use cryptocurrencies to remain anonymous.

The term “doxxed” comes from the word “docs,” which is short for “documents.”

However, sometimes, doxxed can also be used positively—e.g., when discussing the founders of an NFT collection. If the founders of an NFT project are doxxed, it’s a good thing because it means that anyone can get to know their story and background, which adds to the transparency of the NFT collection.

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📊Coinglass: BTC returns by month (2013 - 2024)

- Bitcoin broke its record series of green monthly candles and lost 14.7% in April.

- For the past 3 years, May has been a "red" month for BTC.

Let's place our bets, how will May close?

🐳 - There will be growth

👍 - Virtually no change in price

🗿 - We'll go down

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Yesterday, outflows from spot Bitcoin-ETFs reached an all-time record of $564 million.

BlackRock recorded an outflow of $36.9 million for the first time since the launch of its BTC-ETF.

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BTC-e co-founder pleads guilty to conspiracy to launder $9 bln

On May 3, 2024, Alexander Vinnik, a Russian citizen and co-founder of the cryptocurrency exchange BTC-e, pleaded guilty to conspiracy to launder money.

According to court documents, Vinnik was the operator of BTC-e - at the time one of the world's largest crypto exchanges. From its inception in 2011 until it was shut down by law enforcement in July 2017, the platform processed more than $9 billion in transactions. BTC-e reportedly served more than 1 million customers worldwide, including United States citizens.

The statement said that cybercriminals used BTC-e to transfer, launder, and store funds derived from illicit activities. The exchange received transfers linked to numerous hacking attacks, identity theft, the use of ransomware and other criminal schemes.

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📅 Exactly 10 years ago, Charles Munger, Warren Buffett's closest associate, called Bitcoin rat poison - the price of BTC was $425 at the time.

Charles Munger is dead, and Bitcoin is worth $63,000.

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Crypto speak: (3,3)

“(3,3)” refers to game theory. It is a positive outcome for both parties. It is more beneficial for the parties to cooperate with each other instead of competing, with both getting the maximum benefit (-3,-3).

The meme appeared in Olympus DAO to visualize the benefits of OHM token steaking. It was later used by other protocols, replacing (3,3) with an emoji like (🌳,🌳).

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A record investment in TON was made by venture capital giant Pantera Capital

Prior to TON, their largest investment was $250 million in Solana, which is at $155 👀 at the time of writing

The company explained their belief by saying that TON is not an empty project like most others. The ecosystem has its own powerful community:
"Telegram is a free community integrating blockchain technology."

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💡💡💡: 🇺🇸 Donald Trump promises major tax cuts for all Americans if elected president. 

"Instead of a Biden tax hike, I'll give you a Trump middle class, lower class, business class, big tax cut. You're gonna have the biggest tax cut."

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🎲 L3 token is coming soon.

Who mined cubes - well done and will get a drop from Layer3. For the first giveaway the team allocated 5% of the saplay.

How many cubes mined? 🧑‍💻

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⚡️ LayerZero multihackers voluntarily reported 100,000 addresses belonging to them - now the team uses this data to search for other multihackers using similar software or techniques.

As a reminder, the project team offered to voluntarily dump their accounts in exchange for a guaranteed 15% of their share in AirDrop.

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NOT developers sent nearly $7 million in NOT tokens to Pavel Durov as a thank you for everything Telegram does.

Put 👍 if you donated some of your NOTcoins to Durov too

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