Despite the bleeding markets, Crypto Twitter never fails to entertain. "Pharma Bro" Martin Shkreli, who spent 5 years in prison for securities fraud, was challenged to a $100 million bet by legendary CT trader GCR. The wager? Whether the DJT token is launched by Donald Trump himself. But, as ZachXBT exposed, Shkreli turned out to be part of the team that launched the token. Um, insider trading? As if that is not enough drama, U.S. exchange Kraken called out a group of security researchers, accusing them of "extortion" after they exploited a bug for $3 million and demanded a bounty. Few hours later, in a shocking revelation, auditing firm CertiK put out a thread revealing they are behind the exploit. Was it a whitehat hack, or more than that? Read on to find out! Here is a quick rundown of the top headlines in crypto: |
Let's dive in after the market overview! |
| | | GLOBAL MARKET CAP | | $2.42T | | ▲1.82% (24h) | | | 24H MARKET VOLUME | | $59.51B | | ▼32.01% (24h) | | |
| | BITCOIN'S DOMINANCE | | 54.08% | | ▼0.16% (24h) | | | FEAR & GREED INDEX | | 52 | | Neutral | | |
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 | Bitcoin | | | $66,374.85 | | ▲1.53% (24h) | |
|  | Ethereum | | | $3,615.74 | | ▲1.9% (24h) | |
|  | BNB | | | $607.0 | | ▲1.19% (24h) | |
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Data as of: 20 Jun 2024 11:20 UTC |
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LayerZero Announces Airdrop Eligibility for 1.28 Million Wallets |
LayerZero, a leader in cross-chain interoperability, announced that 1.28 million wallets are eligible for its upcoming airdrop, making it one of the largest token generation events ever. CEO Bryan Pellegrino revealed that 23.8% of the token supply will go to LayerZero users and developers, with 8.5% claimable at launch. However, the eligibility list might shrink as LayerZero combats sybil farming, a tactic where single entities use multiple wallets to maximize airdrop allocations. The company, valued at $3 billion after a successful funding round, has facilitated billions in cross-chain transfers. Curious about how this massive airdrop could impact the crypto ecosystem? Click here to read more. | |
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CertiK Reveals Itself as Kraken's $3 Million Exploiter |
Blockchain security firm CertiK has revealed its involvement in a controversial incident with cryptocurrency exchange Kraken, where $3 million in digital assets were allegedly extracted due to a discovered exploit. CertiK claims it informed Kraken about the vulnerability but was accused of "extortion" by Kraken's chief security officer for allegedly withholding the return of funds until a payment was made. CertiK alleges that Kraken's security team threatened its employees, demanding repayment without providing clear instructions. This incident has divided the crypto community, with some supporting Kraken and others criticizing its approach. Click here to read more. |
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DexScan:
How To Find Hidden Memecoin Gems Before the Hype |
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| Are you tired of missing out on the big memecoin pumps? DexScan can help you out! |
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Bitcoin Whales Realize Unprecedented $1.2B in Profits |
In the past two weeks, long-term Bitcoin (BTC) whales have cashed out $1.2 billion in profits, capitalizing on soaring prices. CryptoQuant's research shows these whales have sold coins acquired at much lower values, marking an unprecedented profit-taking period in USD terms. The last comparable event was in April 2022, with profits of $683 million when Bitcoin was at $40,000. CryptoQuant CEO Ki Young Ju notes that many sales were likely executed through brokers, suggesting the market hasn't yet felt the full impact. How will this massive sell-off affect Bitcoin's price and market liquidity? Read more. |
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AI-Related Tokens Surge After Nvidia's Achievement |
Fetch.ai (FET) has surged by over 25% in the past 24 hours, leading a significant rally in AI-related cryptocurrencies, sparked by Nvidia's recent milestone as the world's most valuable company. Other tokens like Bittensor (TAO), Render (RNDR), NEAR Protocol (NEAR), and Internet Computer (ICP) have also seen impressive gains. This enthusiasm reflects the broader excitement about AI advancements, with Nvidia's success boosting investor confidence. However, YouHodler Risk Manager Sergei Gorev advises caution, suggesting the rally might be driven more by market hype than solid fundamentals. Could this surge be another fleeting trend, or is there real substance behind these valuations? Find out more. |
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Our new Bitcoin ETF Tracker offers detailed data on index funds, mutual funds, ETFs, and hedge funds invested in Bitcoin and other cryptocurrencies: |
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Monitor total assets under management (AUM), net inflows and outflows, and the performance of top funds for a comprehensive view of market trends and insights into capital movements. |
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Is "Pharma Bro" Involved in the Trump DJT Memecoin? |
Martin Shkreli, notoriously known as "Pharma Bro," has made waves by claiming involvement in the creation of the DJT token, a Solana-based meme coin supposedly linked to the Trump family. This revelation came after Arkham Intelligence offered a $150,000 bounty to uncover the token's creator, potentially influenced by a $100 million bet between Shkreli and a pseudonymous trader. Shkreli's claims, shared during a Twitter Spaces session, suggested collaboration with Barron Trump, but the Trump family's endorsement remains uncertain. Interestingly, the absence of a recording from the session has led to conflicting accounts of Shkreli's statements, stirring more controversy. Are you curious about the true origins of the DJT token and the drama surrounding it? Click here to read more! |
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| And that's a wrap. We will be back with more updates tomorrow! |
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