Coin Bureau Insider

🚨New Video Alert!!🚨

Brace yourself, the institutions are coming! Amid all the talk of altcoins being dead, a recent report by Syngum, a crypto focused Swiss bank, has found that institutions are itching to buy your altcoin bags.

Obviously, the catch is institutional investors aren’t invested in every altcoin, nor are they going to necessarily buy now, but they’ve got their eyes on the prize, and what they see might surprise you.

Many of the cryptos that institutional investors are interested in happen to be ones that are completely off the radar. This presents an opportunity to get in early, assuming you watch until the end of course!

🔔 MARKET MOVING NEWS! (23/11/24)

1️⃣ UK Set to Unveil Crypto And Stablecoin Regulations in Early 2025 🔥

At London's City & Financial Global Tokenisation Summit, the UK Labour government revealed plans to introduce a comprehensive cryptocurrency regulatory framework in early 2025. The legislation will reportedly simplify oversight and address key areas like stablecoins and staking. Legislation on the two areas was expected to be passed by the previous Conservative government in the summer, but the UK's general election delayed progress.

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2️⃣ Polymarket Blocks French Traders Amid Gambling Inquiry ❌

On Friday, the prediction market platform Polymarket reportedly blocked French traders from accessing its platform. Notably, this comes weeks after reports that the country's government was investigating the prediction markets platform for gambling law compliance. For context, Polymarket fell into the crosshairs of France's national gaming authority after a French trader placed massive bets on Donald Trump to win the 2024 U.S. Presidential election.

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3️⃣ DOJ Charges Five in ‘Scattered Spider’ Crypto Phishing Case ❓

The U.S. Department of Justice (DOJ) has reportedly charged five men for allegedly targeting the employees of multiple companies with phishing campaigns. The five men have also been alleged to be members of “Scattered Spider,” the hacking group behind attacks on Caesars Entertainment and MGM Resorts International.

According to the complaint, the men allegedly harvested employee credentials through phishing attacks and then used the obtained information “as a gateway to steal millions in their cryptocurrency accounts.” The men have been charged with one count of conspiracy to commit wire fraud, one count of conspiracy, and one count of aggravated identity theft.

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4️⃣ Sui, Franklin Templeton Launch Ecosystem Partnership 🚀

Asset manager Franklin Templeton has reportedly partnered with layer-1 network Sui to develop new blockchain technologies and use cases that will prioritise “supporting Sui ecosystem builders and deploying novel technologies leveraging the Sui blockchain protocol.” Additional details regarding the partnership were unavailable.

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5️⃣ SEC Commissioner Jaime Lizárraga To Leave Agency Following Chair Gensler's Exit 👀

Jaime Lizárraga, one of three Democratic commissioners at the SEC, has announced plans to leave the agency early next year. Lizárraga's announcement comes just a day after SEC Chair Gary Gensler also announced plans to step down in January. Lizárraga told news reporters that he is leaving to spend more time with his family and his wife, who is fighting breast cancer.

His statement reads,

For the better part of this year, my wife, Kelly, has confronted serious illness with admirable courage and a strong spirit. We are grateful for the support of colleagues, friends and family and are hopeful for her speedy and full recovery in the ensuing months.

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6️⃣ Trump Picks Pro-Crypto Hedge Fund Manager Scott Bessent for Treasury Secretary ‼️

U.S. President-elect Donald Trump has named hedge fund manager Scott Bessent as his pick for Treasury Secretary. Notably, Bessent is a cryptocurrency enthusiast and runs macro investing firm Key Square Group. His appointment is subject to Senate approval.

In an interview with Fox Business in July, Bessent stated,

I have been excited about [Trump's] embrace of crypto and I think it fits very well with the Republican Party, the ethos of it. Crypto is about freedom and the crypto economy is here to stay. Crypto is bringing in young people, people who have not participated in markets.

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6️⃣ Coinbase Ventures Invests in Gunzilla Games 💰

Gunzilla Games, the company behind the popular shooter game ‘Off The Grid’ (OTG), has announced Coinbase Ventures as one of its new investors. The company claimed the investment would support further development of its game. It also announced that starting next week, the company will expand OTG to iOS, Android, Mac, older PCs and even TVs via its partnership with the NVIDIA GeForce Now cloud gaming platform. This is part of its strategy to deliver the game to hundreds of millions of users. It also revealed that OTG is moving into Xbox Preview, which includes the Off The Grid PRO subscription and the freshly launched fan-favorite “Save Democracy” content pack. This is expected to allow Xbox Series X/S users to play OTG.

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🔔 MARKET MOVING NEWS! (22/11/24)

1️⃣ SEC Chair Gary Gensler To Step Down 💥

United States Securities and Exchange Commission (SEC) Chair Gary Gensler has announced that he will depart from the agency on Jan. 20, 2025. Notably, this is the same day crypto-friendly President-elect Donald Trump starts his second presidential term.

Gensler stated,

The Securities and Exchange Commission is a remarkable agency. The staff and the commission are deeply mission-driven, focused on protecting investors, facilitating capital formation, and ensuring that the markets work for investors and issuers alike. The staff comprises true public servants. It has been an honour of a lifetime to serve with them on behalf of everyday Americans and ensure that our capital markets remain the best in the world.

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2️⃣ U.S. SEC Loses Crypto Lawsuit Over 'Dealer' Definition That Pushed Into Crypto 🔥

A Texas federal court has reportedly rejected the broker-dealer rule expansion from the United States Securities and Exchange Commission (SEC). For context, the rule expanded the definition of a securities dealer to include all liquidity providers and automated market makers controlling more than $50 million in capital. The judge ruled that the SEC “exceeded its statutory authority by enacting such a broad definition of dealer untethered from the text, history, and structure of the Exchange Act.” Many have called this judgement a huge win for the industry.

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3️⃣ MARA's Stock Jumps After Raising $1 Billion Via Convertible Notes To Buy More Bitcoin 💸

MARA Holdings, the largest publicly traded bitcoin miner, announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030. It plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The company plans to use most of the remaining proceeds to acquire BTC. The notes, issued to institutional investors under Rule 144A of the Securities Act of 1933, will include a conversion price significantly higher than Mara’s recent stock value. They can be redeemed under favourable conditions beginning in 2028.

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4️⃣ Bitwise Files for Solana ETF 🚀

Crypto asset manager Bitwise has reportedly filed to list a Solana exchange-traded fund (ETF). The spot ETF, if approved, would give U.S. investors exposure to SOL. However, its Wednesday filing was with the state of Delaware (a very early step in the process). It will have to file additional forms with the Securities and Exchange Commission (SEC) to seek approval. The recent filing makes Bitwise the fourth asset manager after Canary Capital, VanEck and 21Shares to file for a Solana spot ETF.

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5️⃣ Donald Trump's Media Company Files Trademark Application For 'TruthFi' ‼️

Trump Media & Technology Group (TMTG), the media company in which U.S. president-elect Donald Trump holds a 53% stake, reportedly filed a trademark application for "Truthfi" on Monday. According to the filing, TruthFi is a platform used for trading digital assets and other payment processing services. The filing also mentioned services for "downloadable computer software for use as a digital wallet." Notably, the application was filed the same day that news of TMTG being in “advanced talks” to acquire Bakkt broke out.

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🚨 New Video Alert!! 🚨

Radical changes are afoot for the US when Trump returns to the Oval Office. Yuge tariffs, mass deportations, and shrinking the federal government are all on the table. But will the economy sink or swim?

Join us as we examine Trumponomics past and present, and find out what the president-elect is cooking up for his second term.

Cryptocurrency wallet platform Phantom reportedly reached a record-high rank in the iOS app store on Wednesday. Specifically, Phantom ranked ninth in the top free iPhone apps and ranked second in the utilities section of the Apple App Store in the United States. In the top free iPhone apps chart, it trailed behind short-form video app TikTok, which nabbed eighth place, and outranked the messaging platform WhatsApp and social media giant Instagram, which had respective 13th and 14th places.

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🔔 MARKET MOVING NEWS! (21/11/24)

1️⃣ FTX Co-Founder Gary Wang Avoids Prison Time Due to Cooperation Against SBF 🔍

U.S. District Judge Lewis Kaplan reportedly sentenced FTX co-founder Gary Wang to time served and three years of supervised release for his role in the crypto exchange’s collapse. This makes him the fifth and final executive sentenced over the exchange’s 2022 collapse.

According to a post on X (formerly Twitter) from Inner City Press, Judge Kaplan told Wang,

You did the right thing. I don't think I need to say much about the extent of your cooperation. You are entitled to a world of credit.

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2️⃣ Trump Team Mulls creating First Ever White House Crypto Role ‼️

According to a Bloomberg report, United States President-elect Donald Trump is considering creating a new White House post dedicated entirely to cryptocurrency policy. The Trump team is reportedly screening candidates to serve in that role. The role would be the first-ever crypto-specific White House post. Bloomberg reported that it was not yet clear if the role will be a White House staff position or a “crypto czar” to coordinate policy among federal agencies. However, crypto industry advocates are reportedly pushing for the role to report directly to Trump.

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3️⃣ SEC Distributes $4.6M to BitClave Investors 💰

According to a Wednesday announcement from the U.S. Securities and Exchange Commission (SEC), the agency has sent $4.6 million in reparations to investors in Ethereum-based search engine BitClave’s initial coin offering (ICO). For context, BitClave raised $25.5 million from thousands of investors in an ICO in 2017. However, the SEC, under former SEC Chair Jay Clayton, sued BitClave in 2020 alleging that the ICO violated federal securities laws. BitClave settled the charges without admitting any wrongdoing, and agreed to forfeit the entirety of the money it raised plus another $4 million in interest and penalties. However, BitClave has only paid $12 million of the originally agreed upon $29M as of February 2023. While a portion of the $12 million has now been distributed, it is unclear what will happen with the remaining funds in the BitClave Fair Fund.

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4️⃣ ‘Solana Killer’ Sui Down, No Blocks Produced For More Than 1 Hour 💥

Layer-1 blockchain Sui has experienced a significant outage earlier today, halting block production for more than an hour. According to onchain data, the last block was produced at 9:15 am UTC. The team has since posted an update claiming they’ve identified the issue and that a fix will be deployed shortly. However, numerous industry observers reacted to the downtime by outlining Sui’s ambitions to be one of the biggest competitors to Solana. Some jokingly hinted that the blockchain was now one step closer to becoming the next Solana, which itself underwent numerous outages back in 2021.

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5️⃣ Chillguy Creator Threatens Legal Action as Crypto Trenches Scour TikTok ❓

Phillip Banks, the creator of the "Chill Guy" meme, has reportedly copyrighted the character and plans to issue takedown notices for any for-profit use. Notably, this includes memecoins sporting the Chillguy character. Crypto users on X have responded by humorously suggesting Banks accept tokens or money through a Solana address.

Banks wrote,

Chill guy has been copyrighted. like, legally. I'll be issuing takedowns on for-profit related things over the next few days [...] not like brand accounts using him as a trend, that's kinda something i dont really care about (i do just ask for credit. or xboxes.). mainly unauthorised merchandise and shitcoins.

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6️⃣ Crypto Wallet Phantom Outranks WhatsApp and Instagram Among Top Free iPhone Apps 🔼

🚨New Video Alert!!🚨

Everyone is feeling the buzz lately. With every new ATH that Bitcoin puts in, the sense of euphoria is heightened. There will be some out there already thinking about what colour Lambo they want. And the most exciting thing? We’re only getting started.

To help get a sense of what comes next for BTC and the rest of the crypto market, Glassnode and Fasanara recently collaborated to bring us their Q4 2024 report. As you’ll know, we’ve seen a lot of developments in the space throughout this year, so we figured it’s the perfect time to break this report down for you.

So, come with us as we go through the best parts of this report, take a look back at the state of the market, and tell you where we could be heading next. Spoiler alert: it’s incredibly bullish.

Enjoy!!

🔔 MARKET MOVING NEWS! (20/11/24)

1️⃣ Bitcoin Makes New All-Time High of $94,000 as ETF Options Go Live 🔼

The price of BTC hit new all-time highs on Tuesday as BlackRock's iShares Bitcoin Trust (IBIT) became the first spot Bitcoin exchange-traded fund to be approved for options trading. According to Bloomberg Intelligence ETF analyst James Seyffart, the final tally of $IBIT's 1st day of options saw “just shy of $1.9 billion in notional exposure traded via 354k contracts.” Of these, 289k were call options and 65k were put options. Bloomberg senior ETF analyst Eric Balchunas also commented that “1.9b is unheard of for Day One.”

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2️⃣ US Crypto Exchange Gemini Launches in France After DASP Registration 🔍

Crypto exchange Gemini has announced the launch of its platform in France just weeks before the European Union's Markets in Crypto Assets (MiCA) regulations kick in. Notably, the launch comes after Gemini received the digital asset service provider (DASP) registration from the French markets regulator, Autorité des Marchés Financiers (AMF), in January. The launch allows local users to deposit, trade and store at least 70 digital assets on web or mobile devices.

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3️⃣ Trump Picks Howard Lutnick as Commerce Secretary 🔥

According to a Wall Street Journal report, United States President-elect Donald Trump has chosen Cantor Fitzgerald CEO Howard Lutnick to be his Secretary of Commerce. Lutnick is currently the co-lead of the Trump transition team and was seen as the most likely candidate for the Cabinet position. The Secretary of Commerce is charged with advancing US business both domestically and abroad.

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4️⃣ Grayscale to Launch Bitcoin ETF Options Following BlackRock’s Record Debut 🚀

Crypto asset manager Grayscale Investments reportedly plans to roll out options trading on its spot Bitcoin ETFs on Wednesday. Notably, the announcement comes just a day after BlackRock’s iShares Bitcoin Trust (IBIT) achieved record-breaking activity on its first day of options trading. Specifically, Grayscale will launch options trading on GBTC (Grayscale Bitcoin Trust) and BTC (Bitcoin Mini Trust) to “further [develop] the ecosystem around our US-listed Bitcoin ETPs.”

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5️⃣ Coinbase Delists Wrapped Bitcoin wBTC, Citing 'Listing Concerns' 👀

Crypto exchange Coinbase announced that it has begun phasing out wBTC, and that it will suspend trading on Dec. 19. This move comes after Coinbase launched a competitor to wBTC called cbBTC. It cited "listing standards" as the cause for delisting.

The announcement reads,

We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent review, Coinbase will suspend trading for wBTC (wBTC) on December 19, 2024, on or around 12pm ET. We have moved our wBTC order books to limit-only mode. Limit orders can be placed and cancelled, and matches may occur.

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6️⃣ Rumble Shares Rise 9% as Founder Mulls Scooping Up BTC 🔼

Video-sharing platform Rumble is reportedly the latest company to explore the possibility of adding BTC to its balance sheet. Its founder and CEO Chris Pavlovski made a poll on social media platform X, asking: “Should Rumble add Bitcoin to its balance sheet?” About 29,000 people answered “Yes” and Rumble (RUM) shares gained as much as 9% after the query. He was also offered help with the potential move from Jack Mallers, CEO and founder of Bitcoin payment provider Strike and Michael Saylor, chairman of MicroStrategy.

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🚨 New Video Alert!! 🚨

Is the US planning a strategic Bitcoin reserve?

Just a few weeks ago it was a very long shot. But now the president-elect is a crypto activist, all bets are off, and nothing is far fetched any more. But will he or won’t he? And should we be excited or concerned?

Join us as we find out about US reserve assets past and present - plus, how BTC might be their future.

🔔 MARKET MOVING NEWS! (19/11/24)

1️⃣ Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins 🚀

Netherlands-based fintech firm Quantoz has announced the launch of two regulatory-compliant stablecoins pegged to the euro (EURQ) and U.S. dollar (USDQ) on the Ethereum blockchain. The firm claims that it is regulated and licensed by the Dutch Central Bank as an Electronic Money Institution, and that the stablecoins are fully backed by fiat and "highly liquid financial instruments" like government bonds. Notably, Quantoz has secured investments from venture capital firm Fabric Ventures, crypto exchange Kraken and stablecoin behemoth Tether.

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2️⃣ Crypto Lender Polter Finance Halts Operations After $12M Hack 💥

DeFi lending and borrowing platform Polter Finance has reportedly paused its operations and involved law enforcement after a hack drained $12 million worth of assets on the Fantom blockchain deposited in the platform. According to Web3 security firm TenArmor, the hacker executed a flash loan attack on its newly launched SpookySwap (BOO) market. The protocol investigated the stolen funds and traced them to wallets on the crypto exchange Binance.

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3️⃣ Goldman Sachs Prepares To Spinout Digital Assets Business 🔍

According to a Bloomberg report, investment banking giant Goldman Sachs is speaking with potential partners about spinning out its digital-assets platform into a new company focused on creating and trading financial instruments on blockchain networks. Tradeweb Markets, an electronic trading platform, will reportedly be among the new entity’s strategic partners. The report also notes that Goldman Sachs’ long term goal is to execute the spin-out within the next 12 to 18 months, subject to regulatory approvals.

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4️⃣ Heather 'Razzlekhan' Morgan Sentenced To 18 Months For Role in Bitfinex Heist 🔒

A federal courthouse in Washington, D.C. has reportedly sentenced Heather Morgan (aka "Razzlekhan") to 18 months in prison for her role in the Bitfinex crypto exchange hack. This follows Morgan's husband, Ilya "Dutch" Lichtenstein’s sentencing last week. Lichtenstein received a sentence of five years in prison for his role in the crime. Prosecutors reportedly recommended a shorter sentence than Lichtenstein's due to Morgan’s smaller role in the money laundering conspiracy.

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5️⃣ MicroStrategy Plans $1.75 Billion Convertible Notes Offering to Expand Bitcoin Holdings 💸

Business intelligence firm MicroStrategy has announced plans to raise $1.75 billion from senior convertible notes at a 0% interest rate to buy more BTC for “general corporate purposes.” The zero-interest senior notes will mature in 2029 and be offered to qualified institutional buyers. MicroStrategy could buy another 19,065 BTC at current prices if it were to spend the entire $1.75 billion on the asset.

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6️⃣ Binance Clarifies 'Rewards-Bearing' BFUSD Asset Is Not a Stablecoin ❓

Crypto exchange Binance announced the upcoming launch of an asset named ‘BFUSD’ on Monday. Notably, many X users noted that the asset’s description resembled a high-yield stablecoin similar to Terraform Lab’s failed algorithmic stablecoin. However, the 0crypto exchange has clarified that the asset, which will pay a 19.55% annual percentage yield, is not a stablecoin despite the "USD" suffix in its name.

It stated,

BFUSD is not yet launched. To be clear, it is not a stablecoin but a reward-bearing margin asset for futures trading.

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