🚨 SEC Charges Galois Capital for Investor Harm: Custody and Disclosure Failures Exposed!

💼 Crypto advisory firm Galois Capital Management LLC is in hot water with the US Securities and Exchange Commission (SEC). The regulatory watchdog has slapped them with charges related to custody and disclosure failures that have left investors feeling the burn.

💰 In a bid to make amends, Galois Capital has agreed to cough up a hefty sum of $225,000, which will be distributed among those who suffered losses due to the firm's missteps.

🔒 Acting as an investment advisor for a private fund focused on digital assets, Galois Capital failed to live up to its promise of ensuring that certain crypto holdings were kept safe with a qualified custodian. This oversight puts them in direct violation of the Investment Advisors Act's Custody Rule.

📉 Adding insult to injury, it turns out that some of Galois' assets were chilling in online trading accounts, including one notorious platform – FTX. If you recall, FTX made headlines for all the wrong reasons when it went belly-up in November 2022, leaving investors high and dry.

💔 The fallout from FTX's collapse hit Galois hard, resulting in a staggering 50% loss of their assets. Ouch!

🗣 To make matters worse, the SEC has also accused Galois Capital of misleading investors when it came to redemption procedures. Apparently, there was some confusion about the notice period, leaving some investors caught off guard.

MemeFi Airdrop on Oct 9: Few Weeks Left to Mine!

Our frens at MemeFi have made two huge announcements:

⏺Listing & airdrop planned for Oct 9
⏺Backing by top names in the industry: Consensys, Oddiyana Ventures, Mapleblock Capita, Forj from Animoca Brands and NxGen (this is only the first round!)

Really excited about what MemeFi has in store for the post-TGE future, especially with such support.

Use these few weeks to grow your $MEMEFI stash ⤵️

JOIN: @memefi_coin_bot

⚡️ Russian Ministry's Power Play: Crypto Miners Get a Boost!

➡️ The Russian Ministry of Energy is making waves in the crypto world, signaling its willingness to provide surplus electricity to crypto miners. This move comes as part of Russia's ongoing efforts to embrace the digital currency revolution.

⚡️ Energy Minister Sergei Tsivilev made the announcement at the Eastern Economic Forum, highlighting that while mining may not be a top priority, it could be a win-win situation for both miners and power providers.

📝 By allowing registered miners access to this excess power, Tsivilev hopes to bring them out of the regulatory "gray zone" and into the light of legality. It's a step towards creating a more transparent and accountable mining industry.

💰 While taxes on mined coins would still apply, there's a hint that the cost of electricity for these miners might be more than reasonable. Tsivilev suggests that this arrangement could improve power station economics, boost tax revenues, and ensure fair payment for electricity.

✅ However, Tsivilev emphasizes that the government's focus remains on social development and supporting traditional industries. Mining is seen as an opportunity rather than a priority, but it's clear that the potential benefits are not being overlooked.

💼 With miners touting their role in job creation and technological advancement, it's evident that they're eager to show how their operations can align with broader national IT initiatives. The stage is set for collaboration between the government and the crypto community.

💰 As Russia's Bitcoin mining output skyrockets, with an estimated 54,000 BTC mined in 2023 alone, the economic impact becomes hard to ignore. Industrial miners could soon be contributing over half a billion dollars annually in taxes – a significant boon for the country's coffers.

Exciting News: Y-Nation's Digital Citizenship Revolution is Here!

🌐 Y-Nation: not just another project, but a passport to the future!

🚀 By year-end, get ready to wave goodbye to traditional passports as electronic citizenship takes center stage. Y-Nation is on a mission to redefine how we identify ourselves globally.

🎮 But it's not just about fancy documents! With Y-Nation's innovative mini-app, your digital identity becomes a game-changer. Engage in thrilling challenges that'll boost your ranking and unlock powerful features for your passport.

🔗 Ready to embark on this digital adventure? Click the link and dive into a world where subscribing to Twitter or linking your email isn't just routine – it's an investment in your future!

💡 Every task you complete earns you valuable points, paving the way for exciting opportunities down the line. Don't let FOMO get the best of you – join this vibrant community now and be at the forefront of tomorrow's digital landscape!

🚀 Metaplanet Doubles Down On Bitcoin, Institutional Demand To Push BTC Higher? 📈

Japanese-based firm Metaplanet will purchase more Bitcoin per a new company announcement. How will it impact BTC in the market?

👉 Read more

🎉 Crypto Party in the Capital: Stand With Crypto Day Returns Bigger and Bolder!

🚀 The second annual Stand With Crypto Day is back, and this time it's hitting Washington, D.C., on September 18! Get ready for a night of electrifying beats as The Chainsmokers take the stage at The Black Cat.

🌐 This epic event is the grand finale of the America Loves Crypto Tour, a whirlwind journey that kicked off on September 4 in Arizona and has been rallying 4 million crypto voters across key swing states like Nevada, Michigan, Wisconsin, and Pennsylvania.

🎶 But it's not just about the music. Each tour stop is a call to action, urging everyone to make their voices heard in the upcoming elections. It's time to show elected officials that the crypto community demands attention and won't settle for anything less!

🎤 Joining The Chainsmokers on this star-studded tour are some incredible talents like rapper Big Sean, pop sensation Lauv, singer-songwriter Jessie Murph, and the one and only rapper 070 Shake. It's a lineup that'll make your heart skip a beat!

⏰ As we gear up for the first presidential debate on September 10, with Trump and Harris vying for the top spot, crypto issues are taking center stage. With one in five swing state voters considering digital assets a hot topic, Stand With Crypto Day couldn't have come at a more crucial time.

Hey Seedizens, get ready for 🎮 OKXeed ⚪️ — something big is about to unleash! 🌱

SEED x OKX are bringing an epic drop just for you! 💥

💰 A massive $30,000 prize pool is awaiting!
🏁 Score rewards at every step. No limits, just wins!

The countdown has begun 🔑… 3...2...1…
👉 Let’s blast off to the finish!

😘 Bloom Era Begins: A New Chapter Unfolds 😘

From a single SEED, a universe sprouted. 🌱 After the Alpha and Genesis Seasons, we nurtured SEED, watched it take root, and grow stronger day by day. Now, SEED is ready to blossom.

What awaits in the Bloom Era tomorrow?

👨‍💻 A Fresh New Look – Enjoy an all-new UI/UX for a seamless experience.
🔋 Boosted Speed – New levels for Tree, Holy Water, and Storage to help Seedizens enhance your SEED balance.
👥 Invite & Earn – Bring friends, earn SEED rewards, and enjoy new cashback based on in-game economics.

Explore more details 👉🏻 BLOOM ERA IN A NUTSHELL

As the saying goes, you reap what you sow. We’re not just growing, we’re blossoming into something beyond imagination. The best is yet to come, Seedizens — the future is in full bloom! ✨

And keep your eyes peeled... Airdrop Rules are on the way! 💸

🔍 Montenegro's Supreme Court to Rule on Do Kwon Extradition This Month

⚠️ Montenegro's Supreme Court is set to make a crucial decision by the end of this month regarding the extradition of Do Kwon, with concerns over potential legal violations.

🔔 A report from Vijesti, a Montenegrin newspaper, reveals that the court will carefully examine allegations made by the Supreme State Prosecutor, pointing out multiple breaches of law in lower court judgments related to Kwon's case.

📌 Acting Supreme Court President Vesna Vučković expressed worry about the short timeframe in which these violations were discovered, highlighting the need for consistency and fairness in Montenegro's legal system.

🗓 Scheduling a session to discuss the prosecutor's request has proven challenging due to "objective reasons," further complicating the timeline for a final verdict, Vučković explained.

🔒 "This creates additional legal uncertainty for citizens and lower court judges who rely on judicial practice," cautioned the acting president, emphasizing the broader implications at stake.

🚨 In August, authorities in Podgorica arrested Roman Ziemian, co-founder of FutureNet, a crypto fraud scheme. The arrest and subsequent seizure of related items have added another layer of complexity to Montenegro's legal landscape.

⭐️ FutureNet, launched by Ziemian in 2018, faced scrutiny as Polish authorities raised concerns about its resemblance to a pyramid scheme, leading to its collapse last year after significant financial losses were reported by South Korean victims.

📈 Binance Research: Tokenization Soars, $12B RWA Market Blossoms

☄️ Traditional Finance Embraces Blockchain
The world of tokenized assets is booming, with a staggering $12 billion market value, as per Binance's latest report. This surge is fueled by the likes of U.S. Treasuries, as well as an expanding array of assets like real estate and private credit.

💰 Treasuries Take the Lead
Among these digitalized assets, it's the allure of tokenized U.S. Treasuries that shines brightest, clocking in at a hefty $2.2 billion. With interest rates on the rise, investors are finding solace in these digital representations of government debt.

🟥 Finance Giants Embrace Digitalization
The report underscores the growing presence of established financial players in this realm. From BlackRock's impressive $500 million Treasury product to Franklin Templeton's FBOXX making waves, traditional finance is making its mark on tokenization.

✅ Regulatory Hurdles Loom
While the future looks bright for RWAs, cautionary notes are sounded regarding potential regulatory challenges. As Binance Research aptly puts it, "The legal landscape surrounding RWAs also remains a concern."

🚗 Revolutionizing Car Rentals: Civic and Rentality Make License Verification a Breeze!

🔒 Blockchain-powered security meets hassle-free rentals as Civic and Rentality team up to bring you the future of car rental verification.

🤝 In this groundbreaking collaboration, Civic's ID Verification Pass takes the wheel, allowing Rentality users to verify their driver's licenses virtually. No more digging for physical documents!

🌐 With a simple selfie video and license scan, Rentality users can hit the road faster, thanks to this seamless integration of cutting-edge technology.

💰 And it gets better! Rentality is also embracing the crypto wave, offering payment options in various digital currencies. It's convenience at your fingertips.

🟢 Currently cruising in Miami, Rentality has its sights set on expansion, bringing this blockchain-driven rental revolution to more regions soon.

📱 "The future is now," says Rentality CEO Oleksandr Tatura. So buckle up and get ready to rent with ease – all from the palm of your hand or the click of a button!

⚔️ THE BIGGEST AIRDROP AWAITS ⚔️

If you're part of Hamster Kombat, Catizen, Blum, Dogs, SEED, Yes Gold, Notcoin or Tapswap, congratulations! You are now eligible for TON KOMBAT AIRDROP!

The door to a hidden treasure has opened. 🗝

🗓 Snapshot Date: October 31, 2024
✈️ Airdrop Requirements? Complete all in-app tasks to secure your share!

📌 Referral Power: Your connections hold more value than ever. Invite more friends, and now earn up to 100 $TOK through our updated referral system.

The secrets of the airdrop will soon be unveiled...

👉 @Ton_kombat_bot
✉️ Chat | 🐣 Twitter | 📹 Youtube

🚀 Don't Miss Out on the $HMSTR Trade & Earn Campaign! Grab Your Share of 80 Million Tokens!

🤝 Looking to boost your $HMSTR token stash? Look no further! OKX is here with an incredible opportunity for all crypto enthusiasts. Get ready to participate in one of the biggest airdrops ever!

📢 It's a race against time, folks! This campaign works on a first-come, first-served basis. So, mark your calendars and set those reminders because you won't want to be left behind.

🔐 To get in on the action, follow these simple steps:

- Sign up for an account on OKX.
- Join the exciting Trade & Earn campaign.
- Deposit at least 100 USDT into your account.
- Once the token hits the market on September 26, trade a minimum of 100 USDT worth of $HMSTR pairs.

🌐 Ready to take the plunge? Head over to OKX's campaign page and secure your spot in this thrilling opportunity. Remember, time is of the essence – act fast and reap the rewards!

🔒 US Court Approves Terraform Labs' Bankruptcy Wind-Down Amid Legal Battles

💥 Terra's Troubles: Do Kwon's Terraform Labs, the force behind blockchain protocol Terra, has received a significant nod from the US court. In a crucial hearing, the firm's bankruptcy plan was given the green light, marking a turning point in its ongoing legal struggles and financial instability.

🌟 Judge's Relief: U.S. Bankruptcy Judge Brendan Shannon expressed relief at this "welcome alternative" to prolonged litigation, acknowledging the substantial losses suffered by investors.

💰 Settlements and Figures: With a $4.47 billion settlement already reached with the SEC, Terraform Labs is now looking to settle with creditors and stakeholders for an estimated range of $184.5 million to $442.2 million as it heads towards dissolution.

📉 Crypto Losses Unveiled: The true extent of crypto losses remains uncertain, with Terraform Labs stating that it is currently "impossible to estimate" the total value eligible for payment during liquidation.

🌐 Kwon's Journey: Meanwhile, Do Kwon's own journey has taken him across continents, evading authorities before being apprehended in Montenegro. As his potential extradition looms, Montenegro's Supreme Court will soon decide if any legal violations were involved.

GUESS THE PROJECT & WIN!
5⃣0⃣0⃣ 🔤🔤🔤🔤❗

How well do you know the crypto world? Put your knowledge to the test and guess the project from the clues in the image! 💥⚡

How to Enter:

1⃣ Drop your guess here: https://bit.ly/3XS5gK5
2⃣ Join @M2Community + @M2Announcements and react to the pinned post.
3⃣ Make sure to enter by September 23rd to be eligible.

✔️ 5 winners will each receive 100 USDT!
1 account = 1 guess. Edited comments won’t count!
5 winners will be drawn from the correct answers.

GOOD LUCK! 🚀✨

🔥 SEED BURN ALERT 🔥

Attention Seedizens,

Your SEED is at risk, and there won’t be any second chances!

🗓 On September 27th, we'll burn SEED from inactive accounts. If you haven’t logged in for over 30 days, your coins will be gone — permanently.

📌 This is a final notice. Only active Seedizens will keep their SEED. Log in immediately and remind your friends, too.

The endgame is near. Don’t lose what’s already yours! 🤗

🚀 Circle's Compliance Engine Revolutionizes Regulatory Compliance for Businesses

🔍 Circle, the issuer of USDC and EURC stablecoins, has launched a game-changing platform to simplify regulatory compliance for businesses. Say hello to Compliance Engine, the latest addition to Circle's arsenal.

🔴 With its customizable and automated checks, Compliance Engine takes the hassle out of navigating the complex world of digital assets. No more juggling multiple third-party integrations – it's all neatly integrated into Circle's infrastructure.

📝 The initial beta release shines a spotlight on Transaction Screening, empowering businesses to stay ahead of the game by swiftly identifying any suspicious activity in real-time. Risk type? Severity? You call the shots.

📊 But that's not all! Circle has big plans for the future, with upcoming features like Transaction Monitoring and the ever-important Travel Rule set to join the compliance party.

⏳ Transaction Monitoring will keep a watchful eye on historical transactions, sniffing out any patterns of high-risk behavior. It's all about seeing the bigger picture when it comes to entities like users and wallets.

🌐 As for the Travel Rule, it's all about secure transmission of personally identifiable information (PII) between Virtual Asset Service Providers (VASPs). Privacy and compliance go hand in hand.

💼 Whether you're an EOA or MSCA wallet aficionado or prefer developer-controlled or user-controlled wallets, Compliance Engine has got you covered. It supports a wide range of blockchains, including popular ones like Avalanche, Ethereum, Polygon PoS, and Solana.