Fantom to Rebrand and Become Sonic Blockchain
The Fantom Foundation has announced that it will rebrand its Fantom blockchain to the Sonic Network.
FTM coins will be converted to S coins at a 1:1 ratio.
The Sonic blockchain will feature a native L2 bridge connecting it to Ethereum.
The Fantom Foundation has announced that it will rebrand its Fantom blockchain to the Sonic Network.
FTM coins will be converted to S coins at a 1:1 ratio.
The Sonic blockchain will feature a native L2 bridge connecting it to Ethereum.
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✋ Hello folks! It's time for our daily giveaway for our most loyal followers! You can see the results of last giveaway on the Daily Drops channel. Now let's move on to today's giveaway.
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20 USDT
◾️2nd place - $10 USDT
◾️3rd place - $8 USDT
◾️4th place - $4 USDT
◾️5th place - $4 USDT
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20 USDT
◾️2nd place - $10 USDT
◾️3rd place - $8 USDT
◾️4th place - $4 USDT
◾️5th place - $4 USDT
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
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Every day crypto 🐲 drops! Subscribe to everyday earnings!
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Forwarded from Daily Drops
🎉 Congratulations to the winners of the first cash prize giveaway from the Crypto Soothsayer channel!
▪️1st place - $20 USDT - @Tiwalade002
▪️2nd place - $10 USDT - @Silvanus626
▪️3rd place - $8 USDT - BENCARSON77
▪️4th place - $4 USDT - @Bellopeter51
▪️5th place - $4 USDT - Tha Trinity
💰 All prizes have been paid to the winners in $TON at the current exchange rate.
⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!
▪️1st place - $20 USDT - @Tiwalade002
▪️2nd place - $10 USDT - @Silvanus626
▪️3rd place - $8 USDT - BENCARSON77
▪️4th place - $4 USDT - @Bellopeter51
▪️5th place - $4 USDT - Tha Trinity
💰 All prizes have been paid to the winners in $TON at the current exchange rate.
⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!
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Kraken Denies Information About Plans to Drop USDT in the EU
🤵 Top Kraken executive Mark Greenberg stated that the exchange will continue to support USDT on its platform in the EU.
👀 Currently, the company has no plans to delist USDT, and Kraken will make every effort to meet the demand of European customers for all relevant stablecoins.
✔️ Earlier, Bloomberg reported that Kraken plans to drop USDT in light of new MiCA regulatory norms.
🤵 Top Kraken executive Mark Greenberg stated that the exchange will continue to support USDT on its platform in the EU.
👀 Currently, the company has no plans to delist USDT, and Kraken will make every effort to meet the demand of European customers for all relevant stablecoins.
✔️ Earlier, Bloomberg reported that Kraken plans to drop USDT in light of new MiCA regulatory norms.
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Gemini will start returning Gemini Earn users' assets next month
♊️ The exchange Gemini will begin returning assets to Gemini Earn users at the beginning of next month.
🧐 Clients will be able to reclaim 97% of the assets in their original form.
✔️ Previously, the court approved the bankruptcy procedure of Genesis, which provided services for Gemini Earn.
♊️ The exchange Gemini will begin returning assets to Gemini Earn users at the beginning of next month.
🧐 Clients will be able to reclaim 97% of the assets in their original form.
✔️ Previously, the court approved the bankruptcy procedure of Genesis, which provided services for Gemini Earn.
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Only 5 tokens have increased in price since being listed on Binance over the past 6 months: $ORDI +261.9%, $JTO +62%, $JUP +58%, $WIF +117%. And there's also $MEME, but its growth is quite minimal at +8%, well, at least it’s not in the red, so there's that! 😆
Binance is not what it used to be, not at all! 🧐
Binance is not what it used to be, not at all! 🧐
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Venezuela Bans Crypto Mining to Protect Power Grid
⚡️In a move to safeguard its power supply, Venezuela has decided to ban cryptocurrency mining.
💡 The Ministry of Electric Power announced plans to disconnect crypto mining farms from the national grid. This comes after a crackdown where 2,000 mining devices were confiscated in Maracay as part of an anti-corruption effort.
🕵️♂️Crypto mining consumes a ton of electricity, and the government wants to ensure a stable power supply for everyone. The National Association of Cryptocurrencies confirmed the ban in a recent post, highlighting the need for efficient and reliable electricity service across the country. 🇻🇪
💼 Officials believe this move is essential to stabilize Venezuela's power supply, which has been shaky for the past decade. So, for now, it's lights out for crypto mining in Venezuela!
⚡️In a move to safeguard its power supply, Venezuela has decided to ban cryptocurrency mining.
💡 The Ministry of Electric Power announced plans to disconnect crypto mining farms from the national grid. This comes after a crackdown where 2,000 mining devices were confiscated in Maracay as part of an anti-corruption effort.
🕵️♂️Crypto mining consumes a ton of electricity, and the government wants to ensure a stable power supply for everyone. The National Association of Cryptocurrencies confirmed the ban in a recent post, highlighting the need for efficient and reliable electricity service across the country. 🇻🇪
💼 Officials believe this move is essential to stabilize Venezuela's power supply, which has been shaky for the past decade. So, for now, it's lights out for crypto mining in Venezuela!
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Two Chinese Arrested in $73 Million Crypto Fraud Case in the U.S.
⚖️ According to court documents, Lee, Zhang, and other accomplices ran an international syndicate for laundering funds obtained through cryptocurrency investment fraud.
👀 The investigation revealed that victims were tricked into transferring millions of dollars to U.S. bank accounts set up under the names of dozens of shell companies.
💰 These funds were then allegedly transferred to other domestic and international accounts of financial organizations and cryptocurrency platform wallets, as well as converted into the stablecoin USDT.
One of the addresses used in the scheme received assets totaling over $341 million.
Lee and Zhang face up to 140 years in prison. 😳
⚖️ According to court documents, Lee, Zhang, and other accomplices ran an international syndicate for laundering funds obtained through cryptocurrency investment fraud.
👀 The investigation revealed that victims were tricked into transferring millions of dollars to U.S. bank accounts set up under the names of dozens of shell companies.
💰 These funds were then allegedly transferred to other domestic and international accounts of financial organizations and cryptocurrency platform wallets, as well as converted into the stablecoin USDT.
One of the addresses used in the scheme received assets totaling over $341 million.
Lee and Zhang face up to 140 years in prison. 😳
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The Venezuelan authorities have released a video of the seizure of a large mining farm after cryptocurrency mining was declared illegal.
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Approval of Ethereum-ETF Is Just a Matter of Time - Coinbase Analyst
👀 According to the expert, the main rationale used for approving the Bitcoin-ETF is also applicable to an instrument based on the second-largest cryptocurrency by market capitalization.
🕐 At the same time, Khan doubted the possibility of a swift approval for an Ethereum-ETF with a staking function. On May 10, ARK Invest and 21Shares removed the coin-locking clause from their application for an exchange-traded fund based on the second-largest cryptocurrency by market capitalization.
✔️The analyst estimated the likelihood of approval for spot Ethereum-ETFs by the end of May at 30-40%.
👀 According to the expert, the main rationale used for approving the Bitcoin-ETF is also applicable to an instrument based on the second-largest cryptocurrency by market capitalization.
🕐 At the same time, Khan doubted the possibility of a swift approval for an Ethereum-ETF with a staking function. On May 10, ARK Invest and 21Shares removed the coin-locking clause from their application for an exchange-traded fund based on the second-largest cryptocurrency by market capitalization.
✔️The analyst estimated the likelihood of approval for spot Ethereum-ETFs by the end of May at 30-40%.
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Ethereum Foundation Member Joins EigenLayer as Advisor
🧑💻 Justin Drake, a researcher from the Ethereum Foundation, has revealed that he has taken on an advisory role at the Eigen Foundation, which oversees EigenLayer.
💰 Drake disclosed that he will receive millions of dollars worth of EIGEN tokens over the next three years as part of his compensation.
😁 He emphasized his commitment to Ethereum, stating he is prepared to cease advising if EigenLayer's direction ever conflicts with Ethereum's interests.
🧐 This announcement comes after a minor scandal in the community over Ethereum Foundation employees potentially profiting from projects that might contradict Ethereum's goals.
🧑💻 Justin Drake, a researcher from the Ethereum Foundation, has revealed that he has taken on an advisory role at the Eigen Foundation, which oversees EigenLayer.
💰 Drake disclosed that he will receive millions of dollars worth of EIGEN tokens over the next three years as part of his compensation.
😁 He emphasized his commitment to Ethereum, stating he is prepared to cease advising if EigenLayer's direction ever conflicts with Ethereum's interests.
🧐 This announcement comes after a minor scandal in the community over Ethereum Foundation employees potentially profiting from projects that might contradict Ethereum's goals.
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Vitalik Buterin addressed three big issues risking Ethereum's decentralization: MEV, liquid staking, and node costs.
📢 He backed Peter Szilágyi's concerns and highlighted two MEV strategies: "minimization" (e.g., CowSwap) and "quarantine," noting the latter may centralize risks.
📝 Buterin noted individual staking is unpopular due to high entry costs (32 ETH) and hefty hardware demands (4 TB). He suggested lowering deposit sizes and withdrawal times to make staking more accessible.
✔️ To ease node requirements, he advocated for Verkle trees and EIP-4444. In his opinion, future progress might come from ZK-EVM, eliminating computations with proofs only.
👀 More details here.
📢 He backed Peter Szilágyi's concerns and highlighted two MEV strategies: "minimization" (e.g., CowSwap) and "quarantine," noting the latter may centralize risks.
📝 Buterin noted individual staking is unpopular due to high entry costs (32 ETH) and hefty hardware demands (4 TB). He suggested lowering deposit sizes and withdrawal times to make staking more accessible.
✔️ To ease node requirements, he advocated for Verkle trees and EIP-4444. In his opinion, future progress might come from ZK-EVM, eliminating computations with proofs only.
👀 More details here.
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Grayscale CEO Michael Sonnenshein Steps Down
🧐 Michael Sonnenshein, who played a pivotal role in launching Grayscale's spot Bitcoin ETF (#GBTC) and has been with the company for a decade, is stepping down.
🗒 Effective August 15, Peter Mintzberg, currently a top executive at Goldman Sachs in the asset management division (formerly with BlackRock), will take over as CEO.
💰 Grayscale manages over 324,000 BTC ($19 billion).
✔️ Grayscale's victory over the SEC in court led to the approval of spot Bitcoin ETFs by the regulator.
🧐 Michael Sonnenshein, who played a pivotal role in launching Grayscale's spot Bitcoin ETF (#GBTC) and has been with the company for a decade, is stepping down.
🗒 Effective August 15, Peter Mintzberg, currently a top executive at Goldman Sachs in the asset management division (formerly with BlackRock), will take over as CEO.
💰 Grayscale manages over 324,000 BTC ($19 billion).
✔️ Grayscale's victory over the SEC in court led to the approval of spot Bitcoin ETFs by the regulator.
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Crypto Funds Receive $932 Million After U.S. Inflation Report
💰 Inflows into cryptocurrency investment products from May 11 to 17 amounted to $932 million, according to CoinShares.
🧑💻 Analysts stated that the inflows were an "immediate response" to the U.S. inflation data, with the last three trading days of the week accounting for 89% of the total volume.
💲 Bitcoin-related instruments saw $942 million in inflows compared to $144 million in the previous reporting period. Structures allowing short positions on the leading cryptocurrency received almost no inflows.
🤷 Ethereum funds continue to experience bearish sentiment, with outflows totaling $23.3 million. CoinShares attributes this to uncertain prospects for the approval of spot ETH ETFs on May 23.
👀 Among altcoins, the most significant inflows were into Solana, Chainlink, and Cardano-based instruments: $4.9 million, $3.7 million, and $1.9 million, respectively.
💰 Inflows into cryptocurrency investment products from May 11 to 17 amounted to $932 million, according to CoinShares.
🧑💻 Analysts stated that the inflows were an "immediate response" to the U.S. inflation data, with the last three trading days of the week accounting for 89% of the total volume.
💲 Bitcoin-related instruments saw $942 million in inflows compared to $144 million in the previous reporting period. Structures allowing short positions on the leading cryptocurrency received almost no inflows.
🤷 Ethereum funds continue to experience bearish sentiment, with outflows totaling $23.3 million. CoinShares attributes this to uncertain prospects for the approval of spot ETH ETFs on May 23.
👀 Among altcoins, the most significant inflows were into Solana, Chainlink, and Cardano-based instruments: $4.9 million, $3.7 million, and $1.9 million, respectively.
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✋ Hello folks! It's time for our daily giveaway for our most loyal followers! You can see the results of last giveaway on the Daily Drops channel. Now let's move on to today's giveaway.
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20 USDT
◾️2nd place - $10 USDT
◾️3rd place - $8 USDT
◾️4th place - $4 USDT
◾️5th place - $4 USDT
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20 USDT
◾️2nd place - $10 USDT
◾️3rd place - $8 USDT
◾️4th place - $4 USDT
◾️5th place - $4 USDT
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
Telegram
Daily Drops
Every day crypto 🐲 drops! Subscribe to everyday earnings!
👾605👍146❤61🔥28🥰15🤔7😁6👏3🤝2
Forwarded from Daily Drops
🎉 Congratulations to the winners of the first cash prize giveaway from the Crypto Soothsayer channel!
▪️1st place - $20 USDT - @jaqquinn78
▪️2nd place - $10 USDT - +2348145764283
▪️3rd place - $8 USDT - @thethinkingnerd
▪️4th place - $4 USDT - @Ndomabarida
▪️5th place - $4 USDT - @Topdollar_25
💰 All prizes have been paid to the winners in $TON at the current exchange rate.
⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!
▪️1st place - $20 USDT - @jaqquinn78
▪️2nd place - $10 USDT - +2348145764283
▪️3rd place - $8 USDT - @thethinkingnerd
▪️4th place - $4 USDT - @Ndomabarida
▪️5th place - $4 USDT - @Topdollar_25
💰 All prizes have been paid to the winners in $TON at the current exchange rate.
⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!
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Bitcoin is priced at $71,000, Ethereum at $3,600.
🚀 On the night of May 20th to 21st, the cryptocurrency market experienced a vigorous recovery! Digital gold increased by more than 6% in a day, and Ether by 17%.
📈 It seems that Ethereum was the driver, given its incredible one-time surge yesterday, with one candle jumping from $3,100 to $3,400.
🥳 This happened after Bloomberg analysts Eric Balchunas and James Seyffart published a tweet about the increased probability of spot ETH-ETF approval in May from 25% to 75%.
💪 Currently, ETH is trading around $3,600, having crossed the $3,700 mark.
What do you think will happen sooner? Ethereum to reach $4000 - 👍, Bitcoin to reach new ATH - 🔥.
🚀 On the night of May 20th to 21st, the cryptocurrency market experienced a vigorous recovery! Digital gold increased by more than 6% in a day, and Ether by 17%.
📈 It seems that Ethereum was the driver, given its incredible one-time surge yesterday, with one candle jumping from $3,100 to $3,400.
🥳 This happened after Bloomberg analysts Eric Balchunas and James Seyffart published a tweet about the increased probability of spot ETH-ETF approval in May from 25% to 75%.
💪 Currently, ETH is trading around $3,600, having crossed the $3,700 mark.
What do you think will happen sooner? Ethereum to reach $4000 - 👍, Bitcoin to reach new ATH - 🔥.
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Latest news around Ethereum and potential approval of spot ETFs:
▪️Open interest in Ethereum futures contracts is at a record high of $14.83 B. This surge in interest signals a strong market confidence in Ethereum’s future performance
▪️CryptoQuant recorded an ATH demand for long positions on Ethereum, with $530 M in just a few minutes. This unprecedented demand highlights the growing bullish sentiment among traders
▪️The SEC is asking exchanges to update their 19b-4 filings for Ethereum ETFs on an expedited basis. Potential issuers also need to approve their S-1 filings before the products can start trading. This could indicate that the regulatory body is moving closer to approving Ethereum ETFs
▪️The Director of Research at Galaxy stated that the SEC may acknowledge that Ethereum itself is not a security, while staked ETH is considered one. If this differentiation is officially recognized, it could have profound implications for how Ethereum and its staking are regulated and perceived by the market
▪️Open interest in Ethereum futures contracts is at a record high of $14.83 B. This surge in interest signals a strong market confidence in Ethereum’s future performance
▪️CryptoQuant recorded an ATH demand for long positions on Ethereum, with $530 M in just a few minutes. This unprecedented demand highlights the growing bullish sentiment among traders
▪️The SEC is asking exchanges to update their 19b-4 filings for Ethereum ETFs on an expedited basis. Potential issuers also need to approve their S-1 filings before the products can start trading. This could indicate that the regulatory body is moving closer to approving Ethereum ETFs
▪️The Director of Research at Galaxy stated that the SEC may acknowledge that Ethereum itself is not a security, while staked ETH is considered one. If this differentiation is officially recognized, it could have profound implications for how Ethereum and its staking are regulated and perceived by the market
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Gala Games Hacked for ~$200 Million
🤠 An unknown hacker breached the Gala Games project and minted 5 billion GALA tokens worth approximately $236 million.
🙀 The hacker managed to exchange GALA for 5913 ETH (not bad considering its price now huh? 😁)
Later, Gala Games froze the hacker's wallet. The hacker still holds 4.4 billion GALA worth $186 million 🧐.
👀 The company is currently in communication with the FBI, the U.S. Department of Justice, and other authorities.
🤠 An unknown hacker breached the Gala Games project and minted 5 billion GALA tokens worth approximately $236 million.
🙀 The hacker managed to exchange GALA for 5913 ETH (not bad considering its price now huh? 😁)
Later, Gala Games froze the hacker's wallet. The hacker still holds 4.4 billion GALA worth $186 million 🧐.
👀 The company is currently in communication with the FBI, the U.S. Department of Justice, and other authorities.
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Another analyst from the Ethereum Foundation, Dankrad Feist, announced that he has become a consultant for Eigenlayer and acknowledged that he will announced 💰 a large number of $EIGEN tokens.
😁 He stated that he still believes restaking carries significant risk but may bring benefits to individual stakers.
Yesterday, Justin Drake from the Ethereum Foundation also revealed his role as a consultant for EigenLayer. 🧐
So, how many secret consultants for Eigenlayer are among you? 😄
😁 He stated that he still believes restaking carries significant risk but may bring benefits to individual stakers.
Yesterday, Justin Drake from the Ethereum Foundation also revealed his role as a consultant for EigenLayer. 🧐
So, how many secret consultants for Eigenlayer are among you? 😄
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The owner of the Incognito Market drug market was detained in the USA
👮On May 18, New York law enforcement arrested 23-year-old Taiwanese citizen Rui-Xiang Lin, the alleged mastermind behind the largest darknet drug marketplace, Incognito Market.
🚨Operating as Pharoah and faro, Lin ran the market from October 2020 to March 2024, facilitating the sale of at least 364 kg of cocaine, 295 kg of meth, and 92 kg of MDMA. Sellers paid up to 5% of each sale, and the platform even had its own "bank" for crypto transactions.
🙈 Lin’s lucrative empire raked in over $100 million, with him pocketing millions. As the kingpin, he controlled everything—employees, suppliers, customers, and final decisions.
👀 Now, Lin faces multiple charges, including drug possession and sale, conspiracy, and money laundering, with a potential life sentence on one count alone.
👮On May 18, New York law enforcement arrested 23-year-old Taiwanese citizen Rui-Xiang Lin, the alleged mastermind behind the largest darknet drug marketplace, Incognito Market.
🚨Operating as Pharoah and faro, Lin ran the market from October 2020 to March 2024, facilitating the sale of at least 364 kg of cocaine, 295 kg of meth, and 92 kg of MDMA. Sellers paid up to 5% of each sale, and the platform even had its own "bank" for crypto transactions.
🙈 Lin’s lucrative empire raked in over $100 million, with him pocketing millions. As the kingpin, he controlled everything—employees, suppliers, customers, and final decisions.
👀 Now, Lin faces multiple charges, including drug possession and sale, conspiracy, and money laundering, with a potential life sentence on one count alone.
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