Author: Crypto Flexs

The United States has initiated confiscation proceedings to seize approximately $200,000 worth of USDT held on Binance in connection with a $1.1 million pig slaughter scam. The funds in question were linked to two hog slaughter scams that defrauded unnamed victims of more than $1 million. Documents filed in the U.S. District Court for the District of Columbia detail this information. According to the document, the USDT in question is suspected to be proceeds from ‘transfer fraud, remittance fraud conspiracy, money laundering, and money laundering conspiracy.’ two scams The documents describe how an unnamed victim fell victim to two pig…

Recent data from CryptoQuant reveals a bearish phase for Ethereum (ETH) as futures traders see strong selling activity. The cryptocurrency community is closely monitoring these developments, especially as Ethereum struggles to stay above $3,500, adding tension to an already volatile market. Related Reading Ethereum Market Sentiment and Technical Indicators Data from CryptoQuant sheds light on the current market conditions for Ethereum, suggesting that the current downward trend is likely to continue. The analysis focuses on the ‘taker buy-sell ratio’, a key indicator of market sentiment in the futures market. This indicator evaluates the balance between buying and selling activities. Ratios…

According to the IOTA Foundation blog, the IOTA Foundation has awarded $2.36 million in grants to 20 blockchain projects as part of its ongoing IOTA grant program. This initiative aims to foster innovation within the IOTA ecosystem by providing financial support to various projects. Grant Program Overview Since the last update, the IOTA grant program has received 82 applications, of which 20 have been selected for funding. The total award amount is $2,365,000, supporting projects in a variety of categories including decentralized exchanges (DEXs), NFT marketplaces, GameFi, and tooling. Major grant recipients SYMMIO/IntentX category: indefiniteWebsite:…

The prospective issuer of the Spot ETH ETF is awaiting feedback from the SEC. ETH has been under significant selling pressure over the past few weeks. Ethereum (ETH) selling pressure is growing as the issuer of a promising spot ETH exchange-traded fund (ETF) awaits comment from the Securities and Exchange Commission (SEC) on the status of its S-1 filing filed on May 31. Many had expected regulators to provide feedback on the status of these filings by June 7. However, no feedback was received from any of the eight potential issuers whose applications were approved on May 23. It’s unclear…

bullet last, the cutting-edge blockchain-based shooter in the battle royale genre, is poised to redefine the gaming landscape. Developed with a unified philosophy and commitment to innovation, Bullet Last combines thrilling gameplay, the power of NFTs and the Ethereum network with Play-to-Earn GameFi. Let’s look at the details. introduction Bullet Last, originally known as ‘Survivor’, has emerged as a promising project for 2022. In 2023, the project underwent significant changes, including migrating from the Polygon network to Ethereum and rebranding as Bullet Last. The alpha version is now live, and both the beta version and the final Web 3.0 version…

The cryptocurrency market has seen a notable sell-off over the past two days, which has led to a surge in liquidations.Bitcoin BTC -2.71% the largest cryptocurrency by market capitalization, is said to have fallen 3.5% to $67,275 over the past 24 hours. The Block’s Bitcoin price datawhile Ethereum ETH -4.33% It fell 4.6% to $3,495.The sale liquidated approximately $270.4 million from leveraged positions over the past 24 hours. Coin Glass. A significant portion, $238 million, was a long position.As is the case with the broader market, Ethereum leads the way with $70.5 million in liquidations, $64.6 million of which were…

Stablecoin issuer Tether and its investment arm Tether Investments have announced their intent to allocate more than $1 billion to a variety of investment opportunities over the next 12 months. According to a Bloomberg report, CEO Paolo Ardoino said: USDT stablecoinIn a recent interview, he shared insights on the company’s next investment strategy and areas of focus. Tether’s expansion plans According to reportThe company is particularly interested in alternative financial infrastructure for emerging markets, artificial intelligence (AI), and biotechnology, and has invested approximately $2 billion in these areas. Tether has invested most of its reserves backing USDT in US Treasury…

Tether Holdings plans to expand its influence on alternative finance infrastructure by investing more than $1 billion in technology and biotech startups. The post Tether to invest $1 billion in startups by 2025 by Paolo Ardoino appeared first on Crypto Briefing.

Last week, investor confidence in cryptocurrency-related investment products surged thanks to the U.S. macroeconomic situation.CoinShares said in its latest weekly report that there were $2 billion in net inflows into these financial instruments last week, matching the total inflows recorded in May.It also marked the fifth consecutive week of positive inflows, with approximately $4.3 billion worth of assets invested during the period. In particular, this is the second-longest continuous inflow since the U.S. Securities and Exchange Commission (SEC) approved a spot Bitcoin exchange-traded fund (ETF) in January.James Butterfill, head of research at CoinShares, noted that inflows were widespread across providers…

Binance, one of the world’s leading cryptocurrency exchanges, has announced an important update to its Managed Subaccount (MSA) feature. According to Binance, these changes, which will take effect from July 1, 2024, will change the fee structure and introduce new restrictions on rebates and discounts. Main Content Key changes include: MSAs are excluded from receiving Liquidity Provider Program rebates and Taker Program discounts. Introducing new MSA fees based on the average monthly asset balance of each MSA and the total trading volume of all MSAs in a trading team. Limitations of Liquidity Provider and…