Little-Known Altcoin Surges After Coinbase Abruptly Adds Support on Top Crypto Exchange

Top US crypto exchange Coinbase has added sudden support for proof-of-stake blockchain Axelar, sparking a rally for its native token, AXL.

Axelar is a project built using the Cosmos SDK (software development kit), and aims to deliver cross-chain communication between numerous other blockchains.

Its functions include making cross-chain token transfers, calling smart contracts, or sending arbitrary messages from one chain to another.
Crypto Mixer ChipMixer Washed Out By National Authorities, $46 Million In Bitcoin Confiscated: Europol

Summary:

The crypto mixer founded in 2017 was shut down by national authorities led by the European Union Agency For Law Enforcement Cooperation (Europol).Authorities seized $46 million in Bitcoin and 7 terabytes of data from the crypto tumbler.Another crypto mixer, Tornado Cash, was sanctioned by the U.S Treasury back in August 2022.Crypto mixing platform ChipMixer was closed by the European Union Agency For Law Enforcement Cooperation (Europol) on suspicions that the service aided dark web markets, ransomware groups, illicit goods trafficking, procurement of child sexual exploitation material, and stolen crypto assets. 

Authorities from Belgium, Germany, Poland, Switzerland, and the U.S. collaborated to shut down the crypto tumbler which has operated since around 2017. 1,909 Bitcoin (BTC) worth an estimated $46 million was seized after authorities knocked down ChipMixer’s infrastructure. Europol also confiscated four servers and seven terabytes of data from the platform.
Veteran Trader Tone Vays Issues Crypto Alert, Says Bitcoin Shift Incoming – Here’s his Outlook

Seasoned trader Tone Vays is issuing a Bitcoin (BTC) alert, saying that a reasonable correction is likely coming for the crypto king.

In a new strategy session, Vays tells his 123,000 YouTube subscribers that Bitcoin is “very likely” to print a bearish signal on the momentum reversal indicator (MRI) on the daily chart.
Do Kwon’s $437K Bail Contested By Montenegro Prosecutors

Summary:

The State Prosecutor’s Office in the capital Podgorica filed an appeal contesting Do Kwon’s bail.A Basic Court approved a bail worth £400,000 ($437,000) for the TerraUSD creator Do Kwon and another Terraform executive Han Chang-Joon a day after their lawyers filed the request.Authorities from South Korea and the U.S. want to extradite Kwon for trial in Terra’s $40 billion collapse saga.The bail granted to TerraUSD creator Do Kwon and his fellow Terraform Labs executive Han Chang-Joon by a Basic Court in Montenegro was contested by local prosecutors nearly a week later.

On May 12, Kwon and Han’s lawyers secured approval from the court to release the defendants a day after the request was filed. A £400,000 ($437,000) bail for each defendant was issued, allowing both suspects to leave detention after making bail and enter home arrest pending further hearings.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:

• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
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Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.

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🧿 Rating: coinmarketcap
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🐦 Follow: twitter
Cardano (ADA) Price Analysis: Recovery Possible Above This Resistance

Cardano price is recovering higher above $0.25 against the US Dollar, similar to Bitcoin. ADA price could gain bullish momentum if it clears the $0.265 resistance.

Cardano Price AnalysisEarlier this month, Cardano price saw a major decline from well above $0.320 against the US Dollar. The ADA/USD pair traded below the $0.30 and $0.288 support levels to move into a bearish zone.

The bears even pushed the price below $0.25. A low is formed near $0.230 and the price is now correcting losses. There was a move above the $0.250 and $0.255 resistance levels. The price climbed above the 23.6% Fib retracement level of the key decline from the $0.3821 swing high to the $0.2300 low.
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DA Alvin Bragg Targets Crypto Firm Coin Dispute Network

Coin Dispute Network – a company that claims to help customers retrieve their lost or stolen crypto – is currently under investigation by the Manhattan District Attorney’s office run by the allegedly corrupt Alvin Bragg.

Bragg and Coin Dispute Network Are in a WarBragg has said the company is “fraudulent,” and he’s attempting to seize the domain name. The gist of Coin Dispute Network is that customers must pay a fee to get the company involved, which then begins tracing whatever crypto units are gone and reports its findings to law enforcement so they can freeze and retrieve the digital currency.

Granted the money is found and returned, Coin Dispute Network takes a further cut, which seems rather straightforward. However, per a statement issued by Bragg, the company went further than that and not only kept fees, but also stole additional Ethereum units from the wallets of their customers by “making false promises of asset recovery and [generating] inaccurate blockchain tracing reports to victims.”
Shiba Memu’s AI Evolution vs. Pikamoon’s Pikaverse Expansion: Price Breakouts Ahead?

2023 has seen a plethora of new crypto projects break out, perfect for those seeking to benefit from exciting new technological developments. Two names have particularly hit the public consciousness: Pikamoon, currently undergoing an expansion and a new meme coin that’s harnessing the power of AI, Shiba Memu.

With exciting price predictions for both platforms, experts are exploring the most promising cryptocurrency. The answer lies in understanding the key features of both platforms, potential, and the exciting future ahead.
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Join the VisionariesBatista Gerard Ruben, the visionary of the project Elite Echelon, shares his profound vision for the Matrix Membership:

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Bitget Lists SATS Tokens As Investors “Feel More Potential In Smaller Numbers”

Crypto exchange Bitget joined the memecoin frenzy, listing the latest BTC20 token SATOSHIS (SATS). The token, which challenges our conventional understanding of Bitcoin’s divisibility, is an integral part of the BRC20 Ordinals ecosystem. Unlike whole Bitcoins, SATS function as atomic units, driven by the innovative Bitcoin Ordinals protocol. This protocol allows users to transact SATS individually, each carrying a unique identifier.
Former Goldman Sachs Executive Says Ethereum Is About To Outperform Bitcoin As Crypto Enters Late Spring

Macro guru Raoul Pal says that the top smart contract platform Ethereum (ETH) is set to outperform Bitcoin (BTC) as the crypto markets enter into a new “spring” phase.

The former Goldman Sachs executive tells his one million followers on the social media platform X that based on the Tom Demark Sequential indicator, ETH is setting up to outrun BTC.
Galaxy Digital Seeking to Score Deals From Defunct Cryptocurrency Companies

Galaxy Digital, a digital assets and blockchain financial services company, is seeking to score deals with defunct cryptocurrency companies to acquire their assets. According to reports, the company is eyeing FTX’s venture capital portfolio, which has a sizable stake in artificial intelligence (AI) disruptor Anthropic, among others.

Galaxy Digital Aiming to Complete Bankruptcy Sales for Disgraced Crypto BusinessesGalaxy Digital, a cryptocurrency and blockchain financial services company, is targeting the asset sales of crypto businesses to grow its capital. According to a recent FT report, the firm led by American billionaire Mike Novogratz would be eyeing other crypto-bankrupt companies to facilitate the sale of their assets.

The company, which was selected to sell FTX’s tokens, saw its assets under management (AUM) climb from $1.7bn to more than $5bn after this. The now-defunct exchange selected Galaxy due to his “extensive experience in areas relevant to digital asset management and trading.”
Founders of Alleged $575,000,000 Crypto Fraud To Be Extradited to US From Estonia: Report

Estonia reportedly decided on Thursday to hand over to the United States two of its citizens for their alleged involvement in a $575 million cryptocurrency fraud and money laundering scheme.

In November, the U.S. Department of Justice (DOJ) announced the arrest of Sergei Potapenko and Ivan Turõgin in Estonia in connection to an 18-count indictment that included one count of conspiracy to commit wire fraud, 16 counts of wire fraud and one count of conspiracy to commit money laundering in the US.
Ripple’s XRP Yet To ‘Successfully’ Solve This Multi-Trillion-Dollar Problem, But That Could be Fast-Changing

After its run with the U.S. Securities and Exchange Commission (SEC), XRP has gained support from adherents and industry players. However, the asset has not retested or even come close to previous all-time highs, and sentiments are mostly mixed.

While some market observers are bearish, others are convinced that XRP is still poised to rally long-term. In a past interview, the CEO of Ripple made notable comments strengthening the bullish outlook.
Here’s How Long the Current Bitcoin Bull Market Could Last, According to Closely Followed Crypto Analyst

A popular crypto analyst is analyzing how long the Bitcoin (BTC) bull market could last.

The pseudonymous trader known as TechDev tells his 434,100 followers on the social media platform X that the global liquidity cycle has aligned with “every Bitcoin top and takeoff point.”
Trader Says This Ethereum-Based Altcoin ‘One of the Strongest Coins,’ Updates Outlook on Solana and Chainlink

A widely followed crypto strategist believes the token of one layer-2 blockchain project is among the best market performers.

Pseudonymous analyst Altcoin Sherpa tells his 214,100 followers on the social media platform X that Mantle Network (MNT), an Ethereum (ETH) scalability solution, could soar beyond all-time highs (ATHs).
Solana Validators’ Timely Vote Credits Mechanism Could Be The Absolute Key To Speeding Up Transactions

Solana, a blockchain platform known for its high-speed transactions, has taken a significant step to enhance its speed and efficiency further.

The platform’s validators have voted overwhelmingly in favour of the “Timely Vote Credits” initiative, with a staggering 98% approval rate. This new mechanism aims to accelerate transaction speeds by modifying the incentives for validators within Solana’s consensus mechanism.
2024/05/04 12:07:02
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