Track market-moving stories before they get noisy

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GM, Tim here.

A Solana DeFi leader resigns amid the LIBRA token scandal.Privacy protocol Railgun thwarts a hacker.World Liberty Financial plans a crypto stockpile.Ben Chow resignsA Solana DeFi leader resigned after being implicated in the $4.5 billion pump-and-dump of a memecoin promoted by Argentine President Javier Milei.

Meteora protocol co-founder Ben Chow distanced himself from Hayden Davis, a crypto promoter who admitted to front-running the LIBRA token and sharing information about its launch with insiders, ultimately profiting $100 million at the expense of investors.

“Neither I nor the Meteora team compromised the $LIBRA launch by leaking information, nor did we purchase, receive, or manage any tokens,” Chow said in an X post.

On Friday, Milei promoted the LIBRA token in a since-deleted post.

LIBRA soared to a $4.5 billion market value before crashing more than 95%.

Chow’s resignation comes after a leaked conversation, first reported by SolanaFloor, in which the co-founder was confronted about his involvement with LIBRA.

Moty Povolotski, founder of Solana app DefiTuna, asked Chow if he had a deal with Davis to help him provide liquidity for rigged memecoin launches in exchange for a cut.

“What? No man, that’s not true at all,” Chow said.

Meteora is a DeFi protocol that helps users launch and provide liquidity for new memecoins.

It was co-founded by Chow and Ming Ng, who also co-founded the $2.5 billion trading aggregator Jupiter.

In an X post, Ng said Chow had shown a “lack of judgement” as Meteora’s project lead.

“This is unfortunately unacceptable. Ben understands this, and has chosen to resign,” Ng said.

Railgun thwarts hacker Railgun is proving onchain privacy doesn’t have to benefit criminals.

On Thursday, ZkLend, a lending protocol on the Starknet blockchain, suffered a $9.5 million hack.

The hacker transferred the crypto to the Ethereum blockchain, and then attempted to transfer it again using Railgun, a protocol that allows users to break the chain of traceability between blockchain transactions.

That would have allowed the hacker to continue moving the stolen crypto across the blockchain or to potentially transfer it to an exchange unnoticed, where it could be exchanged for cash.

Instead, the Railgun protocol refused the hacker’s request.

DeFi security experts can flag criminal crypto addresses to Railgun. Once accepted, the protocol won’t let the address use the protocol’s privacy functionality.

“If they are [ill-gotten], the only action the bad actor can perform is to send back to their originating address,” Alan Scott, co-founder of the Railgun project, told DL News.

WLF’s crypto stockpileTrump-backed DeFi protocol World Liberty Financial said Wednesday it plans to create a strategic reserve of digital assets.

Dubbed Macro Strategy, the fund is designed to “bolster leading projects like Bitcoin and Ethereum” and emerging DeFi opportunities.

Last week, World Liberty co-founder Chase Herro said the onchain stockpile will show the company’s commitment to the crypto industry.

How it will do so is unclear. World Liberty hasn’t been a long-term holder of its crypto stash, at least not on its publicly known wallet addresses.

World Liberty has acquired cryptocurrencies of several prominent projects, including Tron, Move, Ethena, and Chainlink.

The announcement comes after a Blockworks investigation found World Liberty Financial courted crypto teams for token swap deals.

This week in DeFi governancePROPOSAL: DYdX Operations subDAO requests $11.65 million grant

PROPOSAL: The Uniswap Foundation requests $165 million for grants, operating expenses

VOTE: Aave DAO works towards integrating Pendle PT tokens with Chaos Labs

Post of the weekCrypto Twitter inducts Hayden Davis (right) as the final evolution in infamous memecoin promoters.

Also pictured are the boy who launched the Gen Z Quant memecoin (left) and Orangie (centre).

Got a tip about DeFi? Reach out at [email protected].

Related Topics

Ben Chow, co-founder of Meteora, has stepped down from his role following scrutiny over the botched launch of the Libra (CRYPTO: LIBRA) token, a Solana (CRYPTO: SOL)-based meme coin.

Meow, the pseudonymous co-founder of both Meteora and Jupiter (CRYPTO: JUP), announced that neither he nor anyone at either project had benefited financially from the token.

“No one at Jupiter or Meteora committed any insider trading or financial wrongdoing, or received any tokens inappropriately,” Meow said in a statement on X.

Also Read: Michael Saylor: Bitcoin Adoption Hindered By Institutional Under-Allocation

Meteora has hired the law firm Fenwick & West to conduct an independent investigation and release a public report.

Meow stood by Chow's integrity but cited concerns about his leadership in recent months, adding: “As a project lead, he has shown a lack of judgment and care about some of the core aspects of the project.”

Chow acknowledged the issues and voluntarily stepped down, with Meteora now searching for new leadership, according to the statement.

The resignation comes amid a wider controversy surrounding the Libra token.y Argentina's President Javier Milei as a tool to support small businesses.

Following Milei's endorsement, the token's value surged to a $4.5 billion market cap before crashing 90 percent within days. It wiped out billions of dollars in investor wealth.

The fallout has triggered impeachment calls against the president. Opposition leader Esteban Paulon is leading efforts to investigate Milei's alleged ties to the token's launch.

Meteora's role in the LIBRA launch has been under scrutiny. Chow has denied any wrongdoing.

“Neither I nor the Meteora team compromised the LIBRA launch by leaking information, nor did we purchase, receive, or manage any tokens,” Chow stated.

He explained that Meteora merely provided IT support for the token's liquidity setup and did not directly handle its deployment.

The LIBRA debacle has had broader implications for the Solana ecosystem, with SOL's price dropping sharply against both the US dollar and Ethereum (CRYPTO: ETH).

The influx of speculative meme coins, fueled by low barriers to token creation, has fragmented liquidity and diminished interest in established altcoins.

Official Trump, a meme coin launched by President Donald Trump, is currently down over 78% from its all-time high a month ago.

What's Next For Meteora?Meow insists that Jupiter maintains strict transparency standards and token integrity across the crypto ecosystem.

“The way to grow the industry is not simply via more tokens but to have projects that have the same level of token certainty, long-term alignment, and extreme transparency,” he said.

Read Next:

Record-Breaking Token Creation In January Raises Concerns Over Altcoin Liquidity, Market Quality Image: Shutterstock

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Ben Chow, co-founder of Meteora, has stepped down from his role at the Solana-based DeFi project amid the scandal surrounding LIBRA.

Meow, the pseudonymous founder of Solana decentralized exchange (DEX) Jupiter, announced on Monday that Chow resigned amid the controversy.

“While I am 100% confident about Ben’s character, as a project lead he has also shown a lack of judgement and care about some of the core aspects of the project,” Meow tweeted.

Hi, I’m meow from Jupiter, and I also cofounded Meteora.

Firstly, I’d like to reiterate my confidence that no one at Jupiter or Meteora committed any insider trading or financial wrongdoing, or received any tokens inappropriately.

Secondly, we are hiring an independent 3rd…

— meow (🐱, 🐐) (@weremeow) February 18, 2025 Chow's decision comes as Meteora faces scrutiny over its involvement with the token, which experienced a meteoric rise and collapse following an endorsement and subsequent distancing from Argentina’s President Javier Milei.

In a recent interview, Milei stated that shared information about $LIBRA in good faith, believing it could benefit Argentine entrepreneurs.

“I shared this the same way I’ve shared hundreds of things,” he explained, emphasizing that his message was one of disseminating information not endorsement.

Milei acknowledged the fallout as a "slap in the face" and a learning experience but downplayed the impact on Argentine investors while claiming that the majority of those affected were from the U.S. and China.

Javier Milei Denies LIBRA Involvement, Onchain Data Reveals MELANIA Link, Argentinian Market Tanks

Argentina’s President Javier Milei denies actively promoting memecoin LIBRA, while its founder reveals a sniping link to MELANIA

BlockheadBlockhead

Milei’s connection to $LIBRA stems from his meetings with Hayden Davis, CEO of Kelsier Ventures, the market maker behind the token. According to reports, Davis met with Milei at least ten times since October 2024.

Davis then admitted in a video interview with YouTuber Coffeezilla that the Libra team had engaged in “sniping” and revealed that  his team bought $LIBRA and $MELANIA tokens immediately after launching them.

1/ How $LIBRA was created by the same team behind MELANIA and other short-lived coins

Featuring new onchain evidence

A thread with Coffeezilla 🧵 ↓ pic.twitter.com/gNwj97KapF

— Bubblemaps (@bubblemaps) February 17, 2025 The $LIBRA team had created liquidity pools for the token on Meteora, linking it to the platform at the center of the scandal but Chow denied any involvement.

In a statement on X, he said, “For $LIBRA, although we were made aware of the possibility of it several weeks ago by Hayden, we had no involvement in the project at all beyond providing IT support.” He emphasized, “Neither I nor the Meteora team compromised the $LIBRA launch by leaking information, nor did we purchase, receive, or manage any tokens.”

Hey everyone, I want to clear up some things.

The Meteora team was not involved in the deploy, the market making, or determining the launch of $LIBRA.

The $LIBRA team used Meteora, which is a permission-less platform. We never had any access to the tokens or to Milei.

Many…

— benchow.sol (@hellochow) February 15, 2025 However, Chow acknowledged that he had referred Davis to other projects looking to launch memecoins. “When we launched our new memecoin AMM platform in December 2024, I asked Hayden and Kelsier Ventures if they would be interested in launching a token on the M3M3 platform in order to provide an initial case study on how it worked,” he admitted.

Chow went on to explain that his interactions with Davis and Kelsier Ventures led him to believe they were "trustworthy" and that he "referred them to a handful of other projects that had inquired with us about deployer firms, which included the team behind $MELANIA."

🚨NEW: DefiTuna founder Moty reveals how over $200M was siphoned through a market manipulation scheme involving Kelsier Ventures, Meteora, and M3M3 across projects like AIAI, MATES, ENRON, Melania, and Libra.pic.twitter.com/5NzDzkwyv9

— Coin Bureau (@coinbureau) February 18, 2025 In a video that surfaced on X, DefiTuna founder Dhirk is seen talking Chow, accusing Davis and Kelsier Ventures of engaging in insider trading during memecoin launches, claiming to have witnessed such activity firsthand during a trip to Barcelona.

Chow who appeared sad in the video, said: “I feel so sick, because I gave him MELANIA," adding, “I fucked up because I enabled the guy that should not have been enabled …I’m going to have to step down, I’m going to have to quit.”

Jupiter Announces Major Acquisitions, Token Buyback Program, Platform Overhaul at Catstanbul Conference

By aligning acquisitions, tokenomics strategies, and platform advancements, the DEX is poised to strengthen its position as a key player in the Solana ecosystem and the broader crypto industry.

BlockheadBlockhead

Meteora has since hired an independent third-party firm, Fenwick & West, to investigate the allegations. The law firm, which has been accused of helping crypto FTX founder Sam Bankman-Fried defraud the exchange's customers, will assess whether any insider trading occurred within the project.

Meteora has since seen its Total Value Locked (TVL) drop to $1.02 billion from $1.52 billion in January, while Jupiter's token, JUP, slipped 15% to $0.68 within 24 hours, bringing its market capitalization down to $1.7 billion.

Table of contents

PWN, a p2p lending platform that utilizes digital assets for backup, has recently announced an exclusive integration. The company has disclosed that it is integrating with Beefy, a multichain yield optimizing platform that permits the consumers to get huge interest over the crypto holdings. The company revealed this endeavor on its official account on X.

PWN’s Latest Integration with Beefy Offers Fixed-Term Loans and Yield-Bearing Assets In addition to this, in a blog post, PWN provided insights into the latest development. As per the platform, the purpose of this integration is to provide yield-bearing assets to the consumers. Apart from that, it added, the company also focuses on offering fixed-term loans. The decentralized platform of Beefy permits the clients to receive compound interest. In this respect, the company has designed the vaults to optimize returns from diverse liquidity pools.

Moreover, the vaults also deal with automated market-making programs in the case of profit optimization. Additionally, they also link with the yield farming prospects in the DeFi sector by reinvesting obtained interest periodically. These things elevate the compounding effects to maximize the earning potential with minimal effort.

The consumers can use PWN to leverage Beefy assets with an amalgam of an indirect yield generation and liquidity access. In this way, the integration paves the way for continuous growth. This means that the collateral, rather than remaining the same, increases in value. The auto-compound feature of Beefy guarantees systematic growth while concurrently securing PWN loans.

All the Assets on Beefy Can Operate as Collateral to Enhance Liquidity and Flexibility Furthermore, the LP tokens and single assets under Beefy can play the role of collateral on the platform of PWN. This contributes to increasing liquidity and flexibility. Simultaneously, the PWN consumers select and fix the loan terms, LTV, borrowed asset, duration, and APR. As a result of this, they can fulfill their requirements that remain constant within the loan duration.

The sole way to lose the assets on Beefy is if the users miss the deadline for repayment. With the assets across the chains on which Beefy and PWN are deployed is quite beneficial. They are deployed on the prominent platforms like Ethereum, Polygon, Base, Optimism, Arbitrum, and so on. Leveraging the above-mentioned assets guarantees that none of the assets stays behind.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

As times get turbulent, here's how to get crypto gains without the asset volatility.

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Stablecoin yield farming isn't very sexy.

It's certainly not quite as exciting as finding the next moonshot on pump.fun. However, it can significantly hedge your positions against a potential market downturn, and that's something a lot of investors are interested in after last week's shock drop.

I’ve been both yield farming and investing in crypto assets since 2017. Perhaps I’m just a terrible investor, but I have consistently outperformed my asset bets with sustained yield-farming.

In this guide, I dig into showcasing my own personal methods for selecting and executing on yield opps using Beefy. It’s fairly easy to generate over 20% APY on stable assets, arguably much better than most traders will do in a year, and definitely better than what my bank will ever give me.

Why Stablecoins?Impermanent loss:
Impermanent loss is the bane of yield farming. It’s what makes or breaks a yield farming strategy, and it’s why stablecoins or single-sided liquidity provide the best opps as they are immune to impermanent loss.Asset volatility: 
Another reason why stablecoins offer the best opportunities in terms of sustainable yield? You don’t have to earn enough yield to counteract any negative swing in your position value.Still, be aware that stablecoins are not immune to depegging, or going to zero. There are definitely different degrees of risk when it comes to stablecoins.

Why Beefy? Beefy is a yield aggregator – it allows you to access a number of yield opportunities from a single interface and adds features such as auto-compounding or reporting. These platforms usually charge a small fee for these features either on a transaction basis or on the ongoing yield generated.

Usually you have to build the liquidity or staked position with the underlying platform. So say the vault on Beefy is for USDT/USDC on Uniswap on Arbitrum. You have to go to Uniswap, make sure you have USDT and USDC to build the liquidity position. Uniswap then gives you liquidity tokens you can stake on Beefy to enable auto-compounding and tracking.

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The main reason I like Beefy is that I can just zap in and out of opportunities with something like USDC without swapping a bunch of assets beforehand to match whatever assets are in the liquidity pool. While it does not carry all available liquidity and vaults available, it has a decent amount of opportunities across most L2s.

The two downsides I cope with are that sometimes zapping doesn’t work on certain networks and for certain DeFi apps (looking at you Velodrome/Aerodrome), and sometimes Beefy vaults expire so you have to dig through your transactions history to find the liquidity you had and withdraw it.

🥩 Using Beefy1️⃣ Finding a VaultThe first step is to find a Vault that works for you!

It will depend on several factors:

Chain:
Chains with lower fees such as L2s are best because the transaction fees will be lower overall. Transaction fees eat into your profitability, depending on how often you update your positions.You may want to consider more strongly chains that you have assets on already, or are planning to use on a longer time frame so you don’t have to keep bridging assets back and forth.

Beefy has a Stablecoin filter that’s very handyPlatform & Assets:
Here it is usually a tradeoff between risk and profitability. Newer vaults sometimes have incentives but they usually carry assets that have not been around for a while, or are on platforms that have not proven themselves yet.130%+ APY on stablecoins sounds great, but I’ve never heard of these tokens, chain or platform.APY Consistency:
Since there are incentives to get into Vaults early, sky-high APYs generally crash down as the Vaults mature, leaving you with a position that sometimes didn’t accrue enough interest to balance out your transaction fees.Sometimes I may take a gamble on some of these, but mostly I like sticking to a lower APY that is less volatile. You want to avoid removing and rebuilding positions all the time, it defeats the purpose of the automations!

This vault has been around a while and is still average 20%+ APY, a great pick!2️⃣ Zapping inPick the asset you want to zap into and follow the prompts! If zapping doesn’t work, you’ll have to manually build your positions on the platform and stake the "proof of position" token on Beefy. Beefy provides a link to the underlying platform under the token selection.

3️⃣ MonitoringI make sure I come back every so often to compare my positions to the new opportunities on the chains I’m using. If the gap in opportunity is too big, and I’ve made enough to pay back my transaction fees, I consider withdrawing from my existing position to build a new one.

Last notesThe best way to learn about new platforms in crypto is to use them! Explore the opportunities of Beefy or other yield aggregating platforms, and build your positions as hedge to market downturns.

10

Beefy Finance launched on Binance Smart Chain on October 8, 2020, offering an innovative way to auto-compound yields from PancakeSwap pools. With its native $BIFI token supply capped at 80,000, Beefy quickly gained popularity among yield farmers. After Multichain's collapse in 2023, Beefy migrated to Ethereum, adapting its governance and reward systems. Now in 2025, the platform has expanded to operate across 22 different chains, with recent developments including the addition of memecoin vaults on BNB Chain and an ambitious SafeBoost campaign on Gnosis.

Beefy Finance was founded back in 2020 (Beefy website)BNB Chain and the Birth of Beefy FinanceBeefy Finance made its debut during a time when high Ethereum gas fees were forcing yield farmers to look for alternatives. The platform introduced specialized vaults that automatically compounded rewards from PancakeSwap liquidity pools, significantly improving efficiency for users.

The launch of Beefy's native $BIFI token was a key element of its success. With a hard cap of 80,000 tokens, the supply was distributed with 72,000 in circulation and 8,000 locked for the team until July 2022. This limited supply created scarcity while the token's utility provided real value - stakers received a share of profits generated by the platform's vaults and gained voting rights through the Beefy DAO.

In March 2021, Beefy received a significant boost when $BIFI was featured in a PancakeSwap Syrup Pool, expanding its user base and visibility in the DeFi space. The platform's popularity grew thanks to several advantages:

The low transaction costs on BNB Chain allowed for frequent compounding, maximizing yieldsBeefy's no-lockup policy gave users flexibility with their fundsThe protocol's transparent approach to risk management built trust with the communityDuring this early period, Beefy established itself as a leading yield optimizer on BNB Chain, setting the foundation for its future expansion across multiple networks.

The Ethereum Migration After Multichain's CollapseAs Beefy Finance grew, it began expanding beyond BNB Chain to other networks using Multichain as a bridge. This cross-chain strategy initially worked well.

However, the collapse of Multichain in 2023 created a crisis that forced Beefy to make a strategic pivot. By October 24, 2023, the platform completed the migration of $BIFI to Ethereum as an ERC-20 token, maintaining its 80,000 token supply cap. This move prioritized the security and stability of Ethereum over the lower fees of BNB Chain.

The migration introduced several important changes to Beefy's ecosystem:

The Universal Governance Pool contract (UGP) owned by the Beefy DAO became the new mechanism for controlling several aspects of the protocolStakers now earned rewards in $ETH rather than in $BIFIMooBIFI was introduced as a cross-chain token for Ethereum-staked $BIFIThis migration represented more than just a technical change - it signified Beefy's evolution into a new multichain platform with Ethereum as its new home base. Throughout this challenging transition, Beefy's DAO, powered by the 80,000 $BIFI tokens and their holders, guided the protocol toward stability across multiple blockchain environments.

2025's Strategic Initiatives and GrowthIn  2025, Beefy Finance continues demonstrating its ability to adapt and innovate in the DeFi space. The platform recently revitalized its presence on BNB Chain by adding popular high-yield BNB Chain memecoin vaults. Popular BNB Chain memecoin launchpad Fourmeme tokens, like Broccoli, Siren, and TST (Test) now have their own BNB Chain vaults and pools on Beefy.

2025 also saw the beginning of the SafeBoost campaign, a major six-month campaign on the Gnosis chain in partnership with Safe and Karpatkey. This initiative offers substantial $SAFE token incentives to attract liquidity to the Gnosis chain.

Beefy's recent developments showcased the platform's continued momentum with:

The introduction of Berachain's Zap functionality for direct token-to-vault swaps28 active Boost campaigns spread across its 22-chain ecosystem20+ new vault strategiesBeefy's Position in the DeFi EcosystemFrom its origins as a yield optimizer on BNB Chain, Beefy Finance has grown into a significant DeFi platform operating across 22 blockchains, demonstrating remarkable breadth in the DeFi ecosystem. Today, Ethereum serves as Beefy's primary hub, with the 80,000 $BIFI tokens powering a DAO that distributes profits and conducts voting through the DAO.

While Yearn Finance remains a notable competitor in the yield optimization space, Beefy's multichain approach provides a distinct advantage in reaching users across different networks. The platform's vaults continue to attract users despite the inherent risks in DeFi, with Beefy maintaining its commitment to security and transparency.

Key factors in Beefy's current market position include:

Its extensive presence across 22 blockchains allows for unmatched flexibility in responding to market conditionsThe limited supply of 80,000 $BIFI tokens creates value for holdersThe UGP and MooBIFI system effectively distributes rewards to stakeholdersContinued innovation with new vaults and features keeps the platform competitiveThe recent SafeBoost campaign and the implementation of Berachain's Zap functionality indicate Beefy's ongoing commitment to growth across multiple chains.

Beefy Finance's Annual TVL Trend (Beefy website)ConclusionSince its 2020 launch on BNB Chain, Beefy Finance has successfully navigated the evolving DeFi landscape by adapting to changing market conditions and user needs. The 2023 Multichain disruption catalyzed Beefy's migration to Ethereum, where it rebuilt its core systems while preserving its 80,000 token supply and community governance.

In 2025, Beefy continues to show its resilience and innovation through the SafeBoost campaign on Gnosis. Operating across 22 blockchains with Ethereum as its base, Beefy has established itself as one of the most extensive and mature yield optimization platforms in the DeFi space.

Beefy's journey demonstrates the importance of adaptability in DeFi. From its beginnings auto-compounding PancakeSwap yields to its current position as a yield optimizer spanning 22 blockchains, Beefy has consistently evolved to meet the needs of DeFi users across the entire ecosystem. As the ecosystem continues to develop, Beefy's combination of auto-compounding strategies, multichain presence, and community governance positions it for continued relevance in the yield optimization sector. Through all the changes in the DeFi landscape, Beefy Finance remains true to its mascot – a happy cow continuously grazing on yields across the blockchain pastures.

This DeFi Yield Token Rallied 200% on Christmas Day, Here’s Why

Solana-based Rollbit coin has recently come under fire for its promotion methods involving social media influencers. Critics argue that these methods are questionable and potentially violate advertising regulations. This article takes a closer look at Rollbit's controversial promotion tactics and the concerns that have been raised.

Background on Rollbit Coin

Rollbit coin (RLB) is a digital asset created on the Solana blockchain, primarily used as a utility token for the Rollbit platform. The platform aims to become a crypto casino, offering a diverse range of gambling opportunities, including 1000x trading, traditional casino games, and NFT gambling.

Promotion Methods

In a bid to increase awareness and adoption of its coin, Rollbit has partnered with several influential social media personalities, commonly known as "crypto influencers." These influencers receive payment in the form of RLB tokens in exchange for promoting the coin on their social media channels. Rollbit's tactics have included sponsored posts, interviews, and even giving away RLB tokens to followers through contests and giveaways.

Critics have raised concerns about the potential manipulation of their audiences and whether these influencers are properly disclosing their partnerships with Rollbit. The undisclosed promotions could mislead followers into believing that the influencers' endorsements are genuine opinions, which might not be the case.

Advertising Regulations and Rollbit's Promotion Tactics

Rollbit's promotion methods have come under scrutiny, as regulators worldwide are increasingly cracking down on undisclosed and misleading endorsements in the cryptocurrency space. Regulators such as the Federal Trade Commission (FTC) in the United States require influencers to clearly disclose their partnerships with brands and the nature of their compensation.

Failure to comply with advertising regulations can lead to legal consequences for both the influencer and the company sponsoring them. With Rollbit's promotion methods under investigation by the community, it remains to be seen whether the company and its partners will face penalties from regulators.

Community Reaction

The reaction from the crypto community has been mixed, with some users voicing their support for Rollbit's aggressive marketing campaign, claiming it is necessary for a new coin to gain traction in the highly competitive market. Others are concerned that undisclosed partnerships and potentially misleading promotions undermine the credibility of the cryptocurrency industry and may hurt the public's trust in digital assets.

You see Twitter posts from a broad range of accounts for countless months, shilling the RLB token as an "underpriced" investment.

Meanwhile, these accounts claim to not be affiliated with the website and are non-sponsored.

Except, as we know now, there are backdoor deals. pic.twitter.com/tVMpTQXdv0

— Grizzly (@Gr1zzlyTrades) April 2, 2023 Conclusion

Rollbit's promotion tactics involving crypto influencers have raised important questions about the ethical and legal implications of influencer marketing in the cryptocurrency industry. As the space continues to grow and mature, it is crucial that companies and influencers alike maintain transparency and adhere to moral advertising to protect consumers and maintain the credibility of the industry.

Within the select group of the top 100 cryptocurrencies at the moment, Rollbit Coin (RLB) stands out as the best-performing project. The token has impressively increased by an astonishing 113% in the last week alone, and its daily performance charts also show an equally impressive gain of 30%.

Recent statistics highlight Rollbit’s impressive financial accomplishments, with its income topping $2 million in the previous day. A wide range of services, such as cryptocurrency futures, sports betting, and casino games, are responsible for this remarkable financial achievement.

A significant amount of funds—net of related expenses—will be routinely and daily dedicated for the procurement of RLB as a direct result of this strong revenue stream.

On A Roll – 94% Rally In The Weekly Timeframe At the time of writing, Rollbit was trading at $0.204, up a solid 30.3%, with an equally strong 94% increase in the last seven days, data from crypto market tracker Coingecko shows.

The RLB token experienced a 7,850% increase year-to-date, rising from $0.002 to $0.159 in 2023. Although users should be aware of hazards, this performance emphasizes how technology and money have come together.

RLB Revamped Tokenomics 🔥

~1 month ago we publicly stated that our primary goal is to make RLB the cornerstone of Rollbit.

Today we will deliver on that promise through launching the most impactful and highly anticipated feature to date: Buy & Burn

From today onwards, revenue… pic.twitter.com/tRzUWwBq1a

— Lucky (@Lucky_Rollbit) August 8, 2023

The announcement of a big forthcoming change in the tokenomics of Rollbit’s native token, RLB, made by its pseudonymous co-founder “Lucky” on Tuesday raised interest and discussion in the community.

As of today, the market cap of cryptocurrencies stood at $1.13 trillion. Chart: TradingView.com Rollbit has distinguished itself as one of the most quickly developing crypto protocols this year. This tremendous growth is attributable to the company’s strong alignment with market demands and the positive acceptance of its product by traders and gamblers alike.

Thriving Over The Years Lucky claims that because of the variety of its products, Rollbit has thrived over the past few years, “independent of market situations. Whether it’s Bull or Bear, our hybrid offerings have enabled us to provide steady income.”

Since August 4, the RLB price had fallen below the $0.120 horizontal resistance zone. It attempted multiple unsuccessful breakouts throughout this time. On August 8, the price did, however, ultimately rise over the region. The breakout happened quickly, and the same day, RLB hit a new all-time high of $0.24.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from Pillai Center

A deep-pocketed investor with a profitable trade history is once again taking a large long position on one casino-related digital asset, according to on-chain data.

Blockchain tracking firm Lookonchain says the “smart money” whale once again loaded up on crypto gambling platform Rollbit’s native token RLB at the start of September, after several profitable trades in the last couple of weeks.

[adinserter block="1"]

“A SmartMoney who was good at buying RLB at lows and selling at highs in August spent 1.25 million USDC to buy 7.1 million RLB again at $0.175 in September.”

Source: Lookonchain/X According to the firm, the entity has so far made $358,000 in profits trading RLB.

Past August trades include buying at $0.106 selling at $0.112, buying at $0.107 and selling at $0.145, and buying at $0.155 and selling at $0.172, according to Lookonchain.

Rollbit is trading for $0.17 at time of writing, up 5.2% in the last 24 hours.

Lookonchain also noticed a big purchase of Rocketpool (RPL), a liquid staking protocol that allows Ethereum holders to stake their coins without holding the 32 ETH normally required to become a validator.

After the massive purchase, the price of RPL bounced by more than 9%.

“Who pumps the price of RPL?

We noticed that a safe multisig wallet spent a total of 450 ETH ($735,000) to buy 32,820 RPL at $22.40 in the past eight hours.”

Source: Lookonchain/X Rocket Pool is worth $24.09 at time of writing, up 13.1% in the last 24 hours.

Lastly, the firm highlights one whale making big moves, and profits, by withdrawing crypto assets off of the world’s largest exchange Binance, including more than 11,000 Maker (MKR).

Maker is a decentralized finance (DeFi) protocol that uses smart contracts to power stablecoin-based loans.

“A smart whale has withdrawn 11,231 MKR ($12.3 million) from Binance in the past four hours.

Since August 23, the whale has withdrawn a large amount of UNFI (Unifi Protocol DAO), LPT (Livepeer), and TRB (Tellor Tributes) from Binance.

And the profit has exceeded $4 million according to the current price.”

Maker is trading for $1,116 at time of writing, down 0.6% in the last 24 hours.

Generated Image: Midjourney

Crypto casino and trading platform Rollbit clocked $38 million in revenues last month, and burned more than 1.2% of the circulating supply of its RLB tokens Monday, in line with long-term plans for a “buy and burn” program.

Token prices jumped as much as 8% before retreating to extend weekly gains to nearly 40%, data shows.

When burned, tokens are permanently removed from supply by being sent to an address that is not controlled by anyone.

“Nearly $38,000,000 was generated across our three revenue streams, resulting in a buy and burn of over $5,000,000 in RLB (1.265% of the circulating supply),” co-founder @Lucky_Rollbit said in an X post.

The number of on-chain RLB hodlers breached 10,000 today after a strong month of revenue for Rollbit in September.

Nearly $38,000,000 was generated across our three revenue streams, resulting in a buy and burn of over $5,000,000 in RLB (1.265% of the circulating supply)!

More… pic.twitter.com/DHgJpl4XBR

— Lucky (@Lucky_Rollbit) October 2, 2023 Such volumes seemingly correspond to just under 20,000 token holders, platform data shows. In the past 24 hours, the platform has clocked $851,000 in casino revenues, $338,000 in futures revenue and $141,000 in sports betting.

Rollbit allows users to trade tokens using 1000x leverage and offers sports betting and arcade games, as well as a tokenized jackpot. Crypto games and similar offerings have drawn users to the product, even in a bear market.

Earlier this year, Rollbit said 30% of all fees generated from crypto futures, 20% from sports betting and 10% from casino games would be used to purchase RLB on the open market and be burned.

Such a move could set perpetual buying pressure on RLB as long as platform usage continues to grow, as CoinDesk previously reported.

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Memebet Casino ($MEMEBET Token) is breaking new ground in the online gaming space with its ICO, which has already raised $150,000 in minutes, for a new online casino where users can wager directly with meme coins for the first time.

The project caters specifically to the “degen” community. It offers a diverse range of casino games, meme coin betting options, high-stakes, and a sportsbook where users can place bets using meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and others.

Memebet Casino leverages Ethereum’s robust security and provides a transparent, fair gaming environment. It is integrated with Telegram so users can be assured of a smooth, no-KYC gaming experience.

The presale for Memebet Casino’s $MEMEBET token opens at an initial price of $0.025. However, as the project moves into its second round of funding, the price is slated to increase to $0.0251 within the next three days.

By bringing 2024’s hottest meme coins into the online casino scene, the Memebet token is set to shake up the GambleFi world and captivate degen gamers – potentially surpassing Rollbit.

Jumping into the presale now gives early contributors a chance to be part of this potentially disruptive new project from the start.

$MEMEBET Token Is The Ultimate Token For Crypto Degen Gamers Despite a plethora of online casinos, most fall short of user expectations. Often they need better user experiences, have uninspired designs, and offer lackluster rewards.

What’s more, none seem to be tailored specifically for the average meme coin enthusiast. As many market observers know, meme coins have been the top story of 2024. 

Although the sector has witnessed an extended downturn since June, there are strong indications of an impending rebound, especially with the upcoming months poised to be favorable historically for crypto. 

Such a potential resurgence is expected to usher in a new wave of promising tokens with significantly more utility, such as the $MEMEBET token.

As mentioned, Memebet Casino offers an extensive range of gaming options, but its true innovation lies in adding utility to meme coins that have recently been underperforming. 

The platform aims to provide significant returns by allowing meme coin holders to wager with their assets, which aligns with the crypto degens’ original intent of investing in meme coins.

MEMEBET Token Is More Than Just A Meme Coin – Its Extensive Utility Can Drive Substantial Growth While other meme coins can be used for wagering, the $MEMEBET token is the true centerpiece of the Memebet Casino ecosystem.

This native token is the key to unlocking exclusive benefits, such as play-to-earn airdrops, special degen rewards, and a soon-to-be-released Memebet Casino Lootbox, which offers real-world prizes and tangible casino bonuses.

Furthermore, users who place bets using $MEMEBET can earn additional tokens in return. The more a user wagers with the $MEMEBET token, the larger their share of the rewards, as a result of the play-to-earn wagering component of the platform. High-volume bettors can even gain entry into an exclusive Degen VIP community.

Put simply, with such utility, the $MEMEBET token is no ordinary meme coin. 

From an investment standpoint, the $MEMEBET token finds itself at the intersection of two dynamic sectors: meme coins, which previously reached a collective market value of $60 billion, and the rapidly expanding online gaming industry, expected to grow from nearly $100 billion in 2024 to $130 billion within the next five years.

Memebet Token ICO And Airdrop: Go Big Or Go Home Memebet Casino is in its early stages, with many features for degen gamers still in development. 

However, this is expected to change soon. The platform’s roadmap indicates that its launch is just over the horizon, with season one of its airdrop campaign set to be the next major milestone.

The airdrop will reward early adopters of $MEMEBET tokens with exclusive access and benefits, including early access to new features and games within the platform.

To qualify, users simply need to purchase tokens during the presale and wager with them in the casino once it launches, before the presale concludes.

The project has allocated 1.4 billion $MEMEBET tokens for the presale, representing 70% of its total supply of 2 billion tokens. Approximately 20% (400 million tokens) are also reserved for casino rewards.

To secure your share at the discounted presale price, visit the project’s website and connect your wallet (e.g. MetaMask, Best Wallet). The $MEMEBET token can be purchased using ETH, USDT, BNB, or POLY, with bank card payments also accepted.

Important to note is that only purchases made on the Ethereum network (ETH, USDT or bank card) will immediately be sent to wallets. Once you’ve purchased your tokens, add the $MEMEBET token to your wallet using the address 0x0C4a2a28a4edb47a7a4c53B06143C53e889Bd5dB.

For investors’ peace of mind, Memebet Casino has undergone a full audit by Coinsult, which found no critical issues with its code. Memebet Casino is also a regional sponsor of the Argentina national football team, showing that the masterminds behind the project know how to back a winner.

Feel free to join the Memebet Token community on X and Telegram for the latest news and updates about the project.

Visit Memebet Casino.

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Table of contents

BetSwirl, a decentralized gambling platform, has announced a strategic partnership with Base, an Ethereum layer 2 network owned by Coinbase. BetSwirl disclosed the development through its X account today December 14.

With the collaboration, the two platforms aim to bring the next billion users to the Web3 landscape. The alliance enabled BetSwirl to bring assets to the Base network and all BetSwirl users can now access the new feature on the Base ecosystem.

https://twitter.com/BetSwirl/status/1867675867440197862

Bringing gaming to the Web3 world The BetSwirl’s new feature acts as a bridge to the Base ecosystem, enabling access to Base’s liquidity and user base while maintaining low transaction costs and high processing speed.

The collaboration is part of BetSwirl’s commitment to build up its global initiative. The integration allows it to tap into Base’s broader user base, which is already over 110 million active users, helping it to fuel adoption.

On the other hand, Base recognizes BetSwirl’s role as a major player in the gaming industry. Together, the two firms are working to drive the next generation of Web3 users.

Established in 2021, BetSwirl is a crypto-gambling platform whose mission is to ensure everyone worldwide can enjoy fair play and an advanced gamer experience. Gamers across the globe are unable to access traditional blockchain casinos because of the limitations associated with these platforms. Normally, these platforms target the gambler’s demographic. Decentralized gaming platforms resolve this problem as they offer open interactive gameplay, together with visual stories, and fantastic scenes accessible worldwide.

BetSwirl and Base are working together because they are driven by a mutual vision. They believe in decentralized finance, manifested by their dedication to offering real-world assets on-chain that can be freely utilized in the expanding crypto economy.

The Base is an Ethereum layer 2 network that provides a secure, low-cost, developer-friendly environment to create dApps on-chain. It functions as both a site for Coinbase’s on-chain resources and as a permissionless ecosystem where everyone can build decentralized applications.

Multi-chain expansion By BetSwirl launching its feature on the Base blockchain, the development marks an important step in its multi-chain expansion initiative. With its commitment to cross-chain, the platform aims to provide users with essential tools to navigate multiple protocol networks seamlessly.

The Base is the sixth largest protocol, following prominent layer-1 networks like Ethereum, Solana, Tron, Binance chain, and Bitcoin. As of November 2024, Base amassed a Total Value Locked worth $3.4 billion, making it the biggest layer-2 chain by TVL. Its close rival Arbitrum, another major layer-2 network, had a TVL of about $3 billion. 

With this integration, BetSwirl users can now purchase tokens on Base and carry out swaps between Base and other blockchain networks. The functionality enhances the BetSwirl user experience by bringing integrations within Base’s ecosystem and enabling wider access to various assets on multiple blockchains.

The development is part of BetSwirl’s dedication to bringing fair blockchain gambling to Ether-compatible blockchains. Its mission is to integrate online gambling into the virtual reality (VR) world and it is already in talks with multiple metaverse projects to enable this. 

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.

Simon Chandler

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Simon Chandler

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Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

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April 23, 2024

Celebrity poker player Antanas ‘Tony G’ Guoga won a pot worth just over $300,000 this weekend on the CoinPoker website, beating an anonymous whale in a high-stakes 1000/2000 game.

The game took place as part of the Crypto Series of Poker (CSOP), which is making $1 million in prize money available across 41 tournaments.

It saw Guoga – who is also a CoinPoker ambassador – call the hand of high-rolling user nvoskob1986, who had played with a two pair of Aces and fives, against Guoga’s two pair of Aces and Jacks.

The pot Guoga won is the largest TwoPlusTwo has recorded so far this month, but with the series set to continue next weekend, it may remain the highest for too long.

Crypto Whales Bet 300K USDT On A Crazy Poker Hand At CoinPoker Taking place on CoinPoker, the game began with Tony G sitting on USDT 547,323 and his opponent, nvoskob1986, sitting on USDT 152,413.

His opponent raised the pre-flop to USDT 6,000, with Guago responding with a 3-bet to §18,000, before nvoskob1986 called at USDT 12,000.

This led to a flop worth USDT 36,000, in which Tony G bet USDT 36,750 and nvoskob1986 raised to USDT 133,913, all in.

Guoga responded to this by calling at USDT 97,162.70, with the turn and river rounds seeing both players go all in.

Source: CoinPoker/TwoPlusTwoEventually, Tony G called nvoskob1986, who revealed a five of Spades, four of Diamonds, six of Hearts and Ace of Clubs.

As for Guoga, he had a ten of Clubs, Jack of Clubs, three of Diamonds and Ace of Diamonds, enough to take down the pot of roughly USDT 304,000.

This left Tony G with a stack worth around $700,000 at the end of the night.

Not the First Big Pot on CoinPoker CoinPoker is no stranger to high-value pots, with Tony G also winning the largest pot in the history of online poker in February 2022, worth $7.7 million.

Other big pots could be seen between now and Sunday April 28th, when the CSOP comes to an end.

The series has featured and will feature various poker events, including freerolls, MonsterStack games, progressive knockouts, and pot-limit Omaha tables.

💎 CSOP Spring starts in 4 days! 😎

🗓 April 19th to 28th. 10 days, 41 events.

🤑 Record-breaking total prizes of $1,000,000 along with $10,000 in added value!

💵 Buy-ins from $20 to $5,000. GTDs from $1,000 to $200,000!

🎲 We've got #NLHE, #PLO, and #PLO5. This is not… pic.twitter.com/bsDwDLTxpU

— CoinPoker (@CoinPoker_OFF) April 15, 2024

It will end on Sunday with a Grand Finale that will see the best players compete against each other for similarly large payouts.

Of course, players don’t necessarily need to participate in the CSOP to see what CoinPoker is all about.

The site is open all year round, enabling users to stake crypto in their games of poker.

The platform is fully decentralized, using a transparent random number generator that players can view at any time.

It accepts deposits of USDT, CHP (CoinPoker), BTC or ETH, which players can also withdraw at any time if they wish to cash out their winnings.

Visit CoinPoker Now

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

The world’s best-decentralized poker platform, CoinPoker, has once again made the news after hosting a poker hand involving the world-famous poker player Antanas ‘Tony G’ Guoga who won just over $300,000 CoinPoker website, beating an anonymous whale.

This poker hand was part of a game within the Crypto Series of Poker (CSOP), the series of tournaments hosted by the crypto poker platform currently offering $1 million in prize money available across 41 tournaments.

Tony G – who is also the CoinPoker founder – won the largest TwoPlusTwo so far this month. However, considering the CSOP will continue next weekend, chances of it to be beated are high.

CoinPoker Also Announces Removal of Withdrawal Fees During CSOP In an unexpected and unprecedented move, CoinPoker also announced the removal of all cashout fees from its Poker Platform.

The world leader in online crypto poker informed its followers on X (formerly Twitter) that withdrawals will be subject to only standard network transaction fees:

📢 We are pleased to inform you that all cashout fees have been eliminated on CoinPoker.

👉 Only the standard network transaction fees will apply to your withdrawals.

ℹ️ If you have questions or need help, contact our support team at [email protected].

😎 Let’s play!… pic.twitter.com/6dkKphLbwb

— CoinPoker (@CoinPoker_OFF) April 23, 2024

Unsurprisingly, this progressive step has further elevated the popularity of CoinPoker’s CSOP, attracting more players and enhancing the overall gaming experience.

CSOP Spring – The New Sensation In the Online Gaming Arena One of the biggest draws to gambling on the world stage is the World Series of Poker (WSOP). This traditional game has several live events and has drawn many people across the globe.

CSOP takes the same approach but applies it to the blockchain arena, introducing new decentralized dynamics into the field and adding excitement to the gameplay.

The latest CSOP is meant for 10 days, beginning on April 19th. It kicked off with free rolls on April 18th. Then, the opening days were filled with the excitement of the $20 CSOP Opener and $50 MonsterStack Event.

Significant GTD series events reigned during the PKO (Progressive Knock-Out) days, which were followed by the Mid-series featuring special Pot Limit Omaha (PLO) events. This will bring another adrenaline-fueled ecosystem featuring big wins and more participation.

CoinPoker isn’t leaving the non-participants alone either.

CSOP Spring has also launched a Twitter giveaway. With a $500 buy-in, participants can win a GTD of $100k. The rules of participation have been set. Followers must follow CoinPoker on Twitter and retweet the tweet below.

Part of what draws many players to the platform is also Tony G himself.

As mentioned when outlining the poker hand between 2 crypto whales, and while the perks of decentralization and the benefits of new-found freedom when interacting with an online casino have worked in CoinPoker’s favor, the major draw of this casino is also Tony G.

A legend among poker players, the Lithuanian-Australian poker legend founded the platform and serves as its ambassador.

Players will also often find him playing the casino by himself, as he posts his gameplay live on X every now and then.

CoinPoker Is a Haven For Decentralized Gaming CoinPoker is an online poker platform that has taken the online gambling space by storm. Focusing on the ethos of decentralization, this project’s uniqueness comes from accessibility, community-centric news, and a slew of player promotions that keep things fresh.

This simplified online platform is accessible through desktop clients as well as on a mobile application. The look of both variants may change, but the perks remain the same. Expect the same level of experience regardless of the devices you use to play on this platform.

The decentralized aspect of this casino shines further thanks to how intertwined it is with the community itself—it takes care of feedback on the fly, respects the ideas of the player base, and morphs in accordance with what the market wants.

Incentives come in a barrage from CoinPoker, with the platform having given thousands of USDT, ETH, BTC, and even a Tesla in the past. There are perks like an Omaha Daily Leaderboard with a $1k Prize Pool every day, Hold’em Daily Leaderboard with $1k daily prizes, and Monthly Tournament Leaderboard with a prize pool of $15k.

However, the true core of its blockchain roots comes from its native token, CHP.

CHP – Powering Up the CoinPoker Web3 Ecosystem CHP is an ERC-20 token that fuels CoinPoker’s ecosystem. A utility token, it boosts the value of CoinPoker, giving players access to exclusive rewards and a way to interact with this online poker ecosystem.

CHP, which can be earned through promotions, rake races, and referral programs, is also available on QuickSwap DEX on the Polygon blockchain.

About CoinPoker CoinPoker is a leading online crypto poker platform that has been operating since 2017.

Focusing on the ethos of decentralization, it has a community-centric approach to offering rewards and leverages blockchain technology to offer provably fair games.

With a personality like Tony G helming the platform, CoinPoker strives to provide an authentic poker experience inside the blockchain arena. Not only does it host the biggest blockchain poker competition, CSOP, but it is also home to the biggest online poker pot, which is worth $7.75 million.

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April 28, 2024

NLHE tournament table, source – CoinPoker

CoinPoker’s CSOP

– crypto series of poker – main event starts in just over 12 hours at 18:30 GMT / UTC, with $100,000 guaranteed.

At the time of publishing 30 players are registered – and the top finishers will win the following prize payouts:

1st place – 37,000 USDT 2nd place – 26,000 USDT 3rd place – 16,000 USDT 4th place – 10,000 USDT 5th place – 7,000 USDT 6th place – 4,000 USDT Added Value In CoinPoker CSOP Tournaments
Since the CSOP main event buy-in is 500 USDT, the 30 entrants themselves have only added 15,000 USDT to the prizepool – meaning CoinPoker are adding an overlay of 85,000 USDT, making it highly profitable to play even as an amateur.

In the last moments before the tournament starts, more players are likely to enter to take advantage of that added value.

It’s also a rebuy event, with a late registration period of two hours and ten minutes.

CSOP #37 Main Event, source – CoinPoker

All in all however, there will likely still be an overlay.

CoinPoker doesn’t yet have quite the player base of crypto poker sites that accept both fiat deposits and crypto deposits – heavy hitters such as BetOnline or Bovada – but is rapidly growing and has built up a strong reputation as the top 100% crypto native poker site, since its founding in 2017.

This week Business Insider highlighted CoinPoker’s CSOP event, its recent reduction in fees and celebrity poker ambassador Tony G.

High Roller Crypto Poker
While the main event winner will take down 37,000 USDT, there are also even higher buy-in tournaments to take advantage of, plus a CSOP leaderboard, and cash games.

CSOP #36 PLO TycoonAt 17:00 GMT / UTC a 5,000 USDT buy-in ‘PLO Tycoon’ tournament kicks off, for fans of Pot Limit Omaha rather than the No Limit Hold’em of the main event. That tournament has a 200,000 USDT guaranteed prizepool.

CSOP #40 NemesisAt 18:00 there’s a ‘CSOP Nemesis’ NLHE event also with a 5,000 USDT buy-in, but a whopping 400,000 USDT guarantee. Currently only one player is registered, but Tony G is expected to make an appearance.

Cash GamesHigh stakes of up to 1000/2000 blinds regularly run at weekends on CoinPoker, with crypto whales betting over 300k USDT on a single poker hand last weekend.

Back in 2022 the largest pot in online poker history went down at CoinPoker – watch how it played out on CoinPoker’s YouTube channel.

LeaderboardCoinPoker also puts up an additional 10,000 USDT in added value for its top leaderboard spots – the more in the money finishes and wins players rack up across the entire 41 events of the CSOP, the higher they place on the leaderboard.

Prizes include passports to the Summer Showdown series in July worth up to 2,000 USDT – CoinPoker’s next big tournament event to look forward to in 2024.

Visit CoinPoker

Bitcoin.com announces $10k giveaway in Coinpoker freeroll tournament

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GOAT has recognized GOAT as Web3’s largest poker room, CoinPoker, becomes regional sponsor of the Argentina National Football Team.

CoinPoker and Argentina – winner of the 2022 FIFA World Cup – have become official partners in a new two-year deal.

The collaboration will see CoinPoker players targeted with Argentine Football Association (AFA) promotions, such as tickets to Argentina home games, signed merchandise, and exclusive tournaments.

Still number one in the FIFA World Rankings, Lionel Scaloni’s side has lost just one of its last 21 games and also won the 2021 Copa América, beating Brazil in the final at the Maracanã.

Now, as Lionel Messi and company take on the best LATAM nations again at the 2024 edition of the regional championship – currently taking place across the United States – they are boosted by an exciting off-field partnership with an equally competitive and growing iGaming brand.

There are also hints that loyal CoinPoker players may be offered the possibility to bag tickets to the Copa América finals this year; a perfect opportunity for anyone whose itch for international football has not been totally scratched by the Euros. 

Commenting on the partnership, CoinPoker ambassador Tony G said, “We are incredibly excited to partner with the Argentina Football Association, an organization that represents the pinnacle of football excellence. 

“This partnership underscores our commitment to engaging with the best in the world. We look forward to celebrating mutual successes, both on the CoinPoker platform and on the field, as Argentina looks to retain the Copa América.”

An AFA spokesperson added: “We are thrilled to announce CoinPoker as our regional sponsor of the Argentine Football Association. 

“Much like the Argentina Football Team, CoinPoker embodies a spirit of excellence and fierce competition. This partnership reflects our commitment to embracing cutting-edge technology. 

“Together, we look forward to pushing the boundaries and achieving new heights in our respective fields. We welcome CoinPoker as our regional sponsor.”

CoinPoker: How A Crypto Poker Room Climbed Its Way To The Top Like the Argentina national team, CoinPoker is the world champion at what it does: crypto poker. 

Since launching in 2017, the business has attracted over 200,000 active users. 

Ethereum-backed deposits and withdrawals, instant payouts, and market-leading bonuses and promotions have made CoinPoker a revolutionary space within online gambling. And alongside crypto and online gambling, Web3 poker is only getting bigger. 

CoinPoker players currently benefit from extremely competitive rakeback rates alongside huge value-added bonuses and promotions. Blockchain has helped the company solve key obstacles stunting online poker’s growth, including ring-fencing, payment processing issues, managing game integrity, enabling verifiable random number generation, and tapping Web3 marketing initiatives to expand reach.

In 2022, CoinPoker broke records when it hosted the biggest pot in online poker history. Poker legends Antanas ‘Tony G’ Guoga, ‘Chattahoochee’ and ‘HannibalGetya’ bid up the winnings to an eye-watering $7,750,000 in a Pot Limit Omaha $5,000/$10,000 cash game. Tony G remains one of CoinPoker’s many high-profile ambassadors.

Where To Next For The Online Poker Industry? Web3, Of Course! According to a report last year by Zion Market Research, the online poker market was worth $86.2 billion in 2022. The same report projects that this figure will swell to $237.5 billion by 2030.

Similarly, Research and Markets reported last August that the total market revenue was $59.35 billion in 2022 and is estimated to reach $155.36 billion by 2030, with a compound annual growth rate (CAGR) of 11.14%.

These numbers may be different, but their conclusions are the same: We’re likely to see a near-tripling in less than a decade. 

As with crypto, the main inhibitor of growth in the space appears to be the differing regulatory approaches among various jurisdictions. Large online poker markets around the world have been effectively cut off by heavy-handed regulators, strict and less flexible payment providers, and the change of legal status for poker in some countries. 

Still, assuming the number crunchers are right and we’re indeed looking at a $200 billion online poker industry by the early 2030s, CoinPoker will be leading the charge thanks to its prime position at the intersection of online poker and crypto – another industry that has only expanded its market share year-on-year. 

So, like Argentina, CoinPoker is the undisputed champion in its area of specialty. Here’s to the duo remaining respective title holders for many years to come. 

As always, GOAT recognizes GOAT.

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Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals.

Praising the move by the crypto-based poker site to increase transparency, former Austrian footballer and poker professional Mario Mosböck has partnered with the site as a new official ambassador, alongside British pro Patrick Leonard.

In an X post, Mario Mosböck stated the pair’s ‘mission is to guide the new leadership group to build the world’s best online poker site.’

Read CoinPoker’s proof of reserves report here.

I partnered with @CoinPoker_OFF as an official ambassador. Alongside @padspoker our mission is to guide the new leadership group to build the world´s best online poker room.
This huge challenge will only succeed by serving our community and we need your help on that path 🧵 1/2 pic.twitter.com/Fk3baV8Dqq

— Mario Mosböck (@mariomosboeck) August 8, 2024 Assembling A Top Online Poker Site With Crypto Founded in 2017, CoinPoker is a relatively new crypto poker room and casino, but increasingly ranked among the top online poker sites by the likes of Card Player Magazine, PokerScout and Techopedia.

Unlike conventional internet poker sites that use fiat currency, on CoinPoker players bet with Tether (USDT) and the site is able to take advantage of the blockchain to show user funds are safe and segregated. 

Online poker was rocked by the Full Tilt Poker scandal in 2011, in which user funds were co-mingled with operating funds, and the company went insolvent in the industry’s ‘Black Friday’.

Many top poker sites increasingly accept cryptocurrencies as a deposit method, but CoinPoker is among a small and growing contingent to go ‘all in’ and embrace it for all actions at the poker table. Players can deposit USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin or its own native token CHP which unlocks 33% rakeback for holders.

Source – coinpoker.com

For added security, CoinPoker also makes use of Fireblocks vaults and a decentralized RNG (random number generator) software that players can verify the randomness of after every hand, utilizing Ethereum’s Keccak-256 algorithm.  

CoinPoker Signs Mario Mosböck And Patrick ‘Pads’ Leonard 28 year old Mario Mosböck, who played as a forward for Austrian Football club Wiener Neustädter SC, recently made a name for himself on the live and online poker scene.

He now has over $11.7 million in recorded live tournament earnings, including a first place finish at the Triton Super High Roller Series in Jeju for $1.1 million, and a runner-up finish at the 2023 WPT Big One for One Drop for $4.6 million.

Source – cardplayer.com

Mario players under the screenname ‘livinmydream’ on CoinPoker, often seen in high stakes battles in $25/$50 PLO cash games and higher.

Patrick Leonard is a former PartyPoker ambassador and currently ranked 38th on the England all time money list by the Hendon Mob poker database. His total live earnings exceed $3.1 million – including a WSOP bracelet win – and his online earnings of over $19.2 million have seen the 35 year old often rated among the best online MTT players in the world.

Also a highly regarded poker coach, Patrick mentors mid stakes players to improve their games, with some of the grinders under his wing going on to win EPT, WCOOP and SCOOP events.

He describes his goal at CoinPoker to help ‘create the safest and best online poker room in the world’ and worked alongside the site to produce its proof of reserves report.

Proof Of Reserves Stored On The Blockchain On its PoR report, CoinPoker writes:

‘CoinPoker prioritizes customer security and peace of mind. Our operations are safeguarded by a Curaçao eGaming License, ensuring compliance with strict regulatory standards. We demonstrate our financial integrity through Proof of Reserves, holding sufficient funds to cover all user assets. Proof of Reserves refers to the assets we hold in custody for users when they deposit funds into their accounts. 

Here we provide proof that CoinPoker has funds held in reserve to cover all of our users’ assets 1:1, as well as some additional reserves. It’s important to note that this sum of funds refers only to users’ funds. CoinPoker’s corporate holdings, which are stored in wallets completely separately, are not factored into the proof of reserves calculations.’

At the time of writing CoinPoker customer deposits total approximately $16 million, and the total assets held in reserve to cover those is just under $16.75 million, equal to 105% of deposits.

Source – coinpoker.com

The exact amount of player deposits is updated dynamically every few minutes on the coinpoker.com website.

Links are provided to view those funds on the blockchain via etherscan.io, blockchain.com, bscscan.com, and other crypto tracking sites depending on the token.

The majority of funds are held in cold storage for security, with some in hot wallets to process instant withdrawals – players are able to deposit and withdraw funds within minutes via a MetaMask wallet or a crypto exchange account, whether playing crypto poker or crypto casino games.

To celebrate releasing their PoR report, CoinPoker also announced an exclusive promotion for players to gain free entry into the upcoming $40k GTD Sunday Special tournament, on their Twitter, Instagram and other socials.

CoinPoker Background Licensed in Curaçao, CoinPoker is available for free download on Windows and Android devices, hosting No Limit Hold’em, Pot Limit Omaha and other game types across real money cash game and tournament formats. 

New players earn a 150% up to 2000 USDT matching bonus on their first deposit, and holders of the site’s native cryptocurrency CHP earn 33% rakeback on their play.

Open a Coinpoker account here.

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[PRESS RELEASE – Willemstad, Curacao, August 10th, 2024]

Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals.

Praising the move by the crypto-based poker site to increase transparency, former Austrian footballer and poker professional Mario Mosböck has partnered with the site as a new official ambassador, alongside British pro Patrick Leonard.

In an X post, Mario Mosböck stated the pair’s ‘mission is to guide the new leadership group to build the world’s best online poker site.’

Users can read CoinPoker’s proof of reserves report here.

Building A Top Online Poker Site With Cryptocurrency Founded in 2017, CoinPoker is a relatively new crypto poker room and casino, but increasingly ranked among the top online poker sites by the likes of Card Player Magazine, PokerScout and Techopedia.

Unlike conventional internet poker sites that use fiat currency, on CoinPoker players bet with Tether (USDT) and the site is able to take advantage of the blockchain to show user funds are safe and segregated.

Online poker was rocked by the Full Tilt Poker scandal in 2011, in which user funds were co-mingled with operating funds, and the company went insolvent in the industry’s ‘Black Friday’.

Many top poker sites increasingly accept cryptocurrencies as a deposit method, but CoinPoker is among a small and growing contingent to go ‘all in’ and embrace it for all actions at the poker table. Players can deposit USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin or its own native token CHP which unlocks 33% rakeback for holders.

For added security, CoinPoker also makes use of Fireblocks vaults and a decentralized RNG (random number generator) software that players can verify the randomness of after every hand, utilizing Ethereum’s Keccak-256 algorithm.

CoinPoker Sign Mario Mosböck, Patrick ‘Pads’ Leonard 28 year old Mario Mosböck, who played as a forward for Austrian Football club Wiener Neustädter SC, recently made a name for himself on the live and online poker scene.

He now has over $11.7 million in recorded live tournament earnings, including a first place finish at the Triton Super High Roller Series in Jeju for $1.1 million, and a runner-up finish at the 2023 WPT Big One for One Drop for $4.6 million.

Source – triton-series.com

Mario players under the screenname ‘livinmydream’ on CoinPoker, often seen in high stakes battles in $25/$50 PLO cash games and higher.

Patrick Leonard is a former PartyPoker ambassador and currently ranked 38th on the England all time money list by the Hendon Mob poker database. His total live earnings exceed $3.1 million – including a WSOP bracelet win – and his online earnings of over $19.2 million have seen the 35 year old often rated among the best online MTT players in the world.

https://x.com/padspoker/status/1821575144504172892

Also a highly regarded poker coach, Patrick mentors mid stakes players to improve their games, with some of the grinders under his wing going on to win EPT, WCOOP and SCOOP events.

He describes his goal at CoinPoker to help ‘create the safest and best online poker room in the world’ and worked alongside the site to produce its proof of reserves report.

Proof of Reserves on the Blockchain On its PoR report, CoinPoker writes:

‘CoinPoker prioritizes customer security and peace of mind. Our operations are safeguarded by a Curaçao eGaming License, ensuring compliance with strict regulatory standards. We demonstrate our financial integrity through Proof of Reserves, holding sufficient funds to cover all user assets. Proof of Reserves refers to the assets we hold in custody for users when they deposit funds into their accounts.

Here we provide proof that CoinPoker has funds held in reserve to cover all of our users’ assets 1:1, as well as some additional reserves. It’s important to note that this sum of funds refers only to users’ funds. CoinPoker’s corporate holdings, which are stored in wallets completely separately, are not factored into the proof of reserves calculations.’

At this time, CoinPoker customer deposits total approximately $16 million, and the total assets held in reserve to cover those is just under $16.75 million, equal to 105% of deposits.

The exact amount of player deposits is updated dynamically every few minutes on the coinpoker.com website.

Links are provided to view those funds on the blockchain via etherscan.io, blockchain.com, bscscan.com, and other crypto tracking sites depending on the token.

The majority of funds are held in cold storage for security, with some in hot wallets to process instant withdrawals – players can deposit and withdraw funds within minutes via a MetaMask wallet or a crypto exchange account.

To celebrate releasing the report, CoinPoker also announced an exclusive promotion for players to gain free entry into the upcoming $40k GTD Sunday Special tournament, on the company’s Instagram and other socials.

About CoinPoker Licensed in Curaçao, CoinPoker is available for free download on Windows and Android devices, hosting No Limit Hold’em, Pot Limit Omaha and other game types across real money cash game and tournament formats.

New players earn a 150% up to 2000 USDT matching bonus on their first deposit, and holders of the site’s native cryptocurrency CHP earn 33% rakeback on their play.

Users can open a Coinpoker account here.

Links

Website – https://coinpoker.com/ Instagram – https://www.instagram.com/coinpoker/ Twitter – https://x.com/CoinPoker_OFF Telegram – https://t.me/OfficialCoinPokerAnnouncements YouTube – https://www.youtube.com/@CoinPoker_TV Reddit – https://www.reddit.com/r/coinpoker/ 2+2 – https://forumserver.twoplustwo.com/292/online-poker-sites/coinpoker-ex-official-bringing-game-back-players-1716591/ This article is provided for informational purposes only and is not intended to be construed as legal, financial, or tax advice. Readers should not rely solely on the information presented herein and should consult with their own legal, financial, or tax professionals regarding their specific situations. The author(s) and publisher make no representations or warranties concerning the accuracy or completeness of the information contained in this article. Reliance on any information provided in this article is solely at your own risk.

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Meme coins linked to Donald Trump surged, despite a recent dip in his Polymarket odds, as crypto investors position themselves ahead of tomorrow’s US election.

Pepe (TRUMP) was the biggest gainer, posting an impressive 128% price surge in the last 24 hours. Similarly, TrumpCoin (DJT), Super Trump (STRUMP) and MAGA Hat (MAGA) saw their prices soar by 98%, 46% and 32%, respectively.

Polymarket odds of a Trump victory in tomorrow’s US election plunged 9% in the last week. They have since recovered slightly, with the Republican’s chances rising by 3% in the last 6 hours to stand at 57% as of 3:17 a.m. EST.

Conversely, current Vice President and Democrat Kamala Harris saw her odds jump 9% in the last week. However, her odds took a 3% knock in the last few hours. Overall, Polymarket bettors now see a 43% chance that she will emerge victorious in the US election tomorrow.

Trump Predicted To Take The Lead In Swing States Along with the overall lead in Polymarket odds, Trump is also the favorite to win in the majority of swing states. Currently, the former president’s odds of taking Arizona, Georgia, Nevada and Pennsylvania stand at 76%, 64%, 59% and 54%, respectively.

Latest Swing State Odds (% chance of winning)

🟥 Arizona • Trump 76% – Harris 24%
🟥 Georgia • Trump 64% – Harris 36%
🟥 Nevada • Trump 59% – Harris 41%
🟥 Pennsylvania • Trump 54% – Harris 46%
🟦 Wisconsin • Harris 58% – Trump 42%
🟦 Michigan • Harris 59% – Trump 41% pic.twitter.com/ol96h8NMAP

— Polymarket (@Polymarket) November 4, 2024

Harris is expected to take Wisconsin and Michigan, according to bettors on Polymarket. She is also the favorite to win the popular vote, with her odds standing at 73% and Trump’s chances at just 27%.

The PolitiFi meme coin segment of the crypto market surged 3.4% in the past 24 hours to reach a market cap of $673 million, according to CoinGecko.

PolitiFi meme coins are also doing well in presale, with funds raised by FreeDum Fighters (DUM) surging past $417k. Its token holders can vote for the blockchain versions of Trump and Harris and so far 68% are backing Trump to win.

Related Articles: Flockerz Zooms Past $1.1M In Presale – Could This V2E Meme Coin Ignite The November Rally? 50 Million Early Votes: Who’s Winning? PolitiFi Coin FreeDum Fighters Sees Trump Victory As Presale Rockets Past $350K NFT Sales Dip 4.49% In The Past 7 Days, Following The Recent Crypto Market Slump Best Wallet - Diversify Your Crypto Portfolio

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Pepe Unchained ($PEPU) kicks off the first week of November, and a total of $24.5 million in presale funds has been secured.

Having just crossed the $23 million milestone on Oct. 29, Pepe Unchained has raised an additional $1.5 million in just the past five days, bringing its funding total to its current level.

Despite a 7.9% drop in the market, the steady influx of capital cements Pepe Unchained as the top presale token of 2024.

At this point, Pepe Unchained has positioned itself not only as a presale token to watch but also as one to keep an eye on for a potential major exchange listing.

In fact, it is already on the radar of several top-tier exchanges, one of which could be Binance, the world’s largest crypto exchange by volume.

Investors still have less than two days to secure $PEPU at the current presale stage price of $0.01219 before it undergoes a price increase to begin another round of funding.

Bitcoin Drop, U.S. Election Jitters After nearly reaching its all-time high, Bitcoin fell below $68,000 on Monday.

The recent surge in Bitcoin’s price has been fueled by the so-called “Trump trade,” with the former president remaining the crypto market’s horse as the U.S. elections approach. 

The desire for a Trump victory among digital asset holders is evident, with bettors on Polymarket placing Trump’s odds as high as 67%. 

Yet, with Bitcoin teetering in overbought territory, a correction was inevitable – and that is precisely what took place.

Since Bitcoin’s drop from $70,000, the tide on Polymarket has shifted, with Kamala Harris now upping her chances by rising from 33% to 41.9% on Monday.

The uncertainty surrounding the U.S. elections – where the candidates are neck and neck in the polls – is now mirrored in the crypto markets.

Trader Daan Crypto Trades on X suggests that Bitcoin could swing 10% in either direction depending on the election outcome. This means the path back to its all-time high is a 50/50 proposition, with a post-election quarter-point rate cut likely to be of help.

#Bitcoin Not the cleanest looking weekly candle this week but with what's coming I don't think it really matters either way.

I think there is a good probability that price will see at least a 10% move to either direction depending on who ends op winning the election this week. pic.twitter.com/OMvGCpr3Ba

— Daan Crypto Trades (@DaanCrypto) November 3, 2024 As Bitcoin slumps, the broader market has followed suit, with total cryptocurrency market capitalization dropping 7.9%, or about $190 billion, since Nov. 1. Meme coins have faced a sharper decline, falling from a peak of $64 billion to $55 billion.

However, amidst the market’s ups and downs, one token stands strong: Pepe Unchained. This new meme coin remains true to the theme it embraced since its presale debut, consistently bringing in millions regardless of market conditions.

Pepe Unchained On A Winning Streak Pepe Unchained launched its fundraising campaign in June to support the development of its upcoming Layer 2 chain on Ethereum. Last month, it opened the door for skilled developers to receive grants by presenting innovative ideas that utilize Pepe Unchained’s L2 technology.

Of course, its own L2 gives it the edge against its Pepe predecessors as it will finally provide a smoother and less expensive path to Pepe token ownership.

Recognizing the potential for a successful exchange listing, early investors have capitalized on $PEPU’s price while at a discount in presale. Even though the market faced highs and lows in the second half of the year, Pepe Unchained maintained a solid winning streak, attracting investors eager to bring its L2 vision to life.

In fact, Pepe Unchained has not only sustained its hot streak but also experienced an acceleration in funding in recent months, with increased participation from whales.

Last month, a single investor snapped up 4.6 million $PEPU tokens, valued at about $53,563 in ETH at the time.

As November began, another whale purchased 2.2 million $PEPU tokens for around $27,000.

Ethereum Transaction Hash (Txhash) Details | Etherscan

Such significant purchases suggest that a rising tide of investors, regardless of their size, has turned their eyes to the meme coin sector’s newest gem.

Early Stages Of A Meme Coin Supercycle: Why $PEPU Could Be The Top Buy Before The Sector Goes Parabolic Despite the current market pullback and uncertainties surrounding the U.S. elections, the meme coin supercycle remains a dominant topic in the industry.

Investor Murad Mahmudov, who has made his wallet public, believes the meme coin supercycle is still in its early stages. 

In a recent post on X, Mahmudov pointed out that in 2017, there was only one notable meme coin – Dogecoin ($DOGE) – but by 2024, that number has surged to over a million meme coins. He predicts that this growth will continue, even stating that 2025 will be the year of meme coins. 

He argues that the community favors meme coins over most other types of altcoins.

In 2017 we had 1 Memecoin.
In 2021 we had 1,000 Memecoins.
In 2025 we will have 1,000,000+ Memecoins.

The Market wants Memecoins more than Altcoins, and this trend has been building up for over 10 years.

The Memecoin Dominance will only Accelerate. pic.twitter.com/XlDlCZznj5

— Murad 💹🧲 (@MustStopMurad) November 3, 2024 If we are indeed still in a meme coin supercycle, the recent market pullback may be a crucial opportunity for an investor to go on a meme coin shopping spree in preparation for when the sector turns parabolic.

With the attention it has garnered in such a short time, Pepe Unchained could be one of the meme coins that delivers massive returns and transforms fortunes in the industry.

This is why Jacob Crypto Bury has categorized it as a top meme coin to buy ahead of a potential supercycle.

Don’t miss out! Join PEPU Ahead Of Its Imminent $25 Million Milestone The next milestone is $25 million, which is attainable in just a few days.

If you’re new to the Pepe Unchained presale, you can become an early contributor by visiting the project’s official website and connecting your wallet to purchase $PEPU using ETH, USDT, or BNB. Credit card payments are also accepted.

Pepe Unchained’s smart contract has been fully audited by Coinsult and SolidProof, and no critical issues in its code have been found.

Stay informed about the latest developments and announcements by joining the Pepe Unchained community on X and Telegram.

Visit Pepe Unchained.

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CoinPoker Loses $2 Million in 2000 ETH Hot Wallet Hack

Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated

According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408

22 minutes ago

A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.

22 minutes ago

A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.

According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.

22 minutes ago

Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.

Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)

22 minutes ago

Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.

According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.

22 minutes ago

STRC drops to near $80, marking another new all-time low.

According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.

22 minutes ago

Zcash developers are moving toward a new auditable shielded pool called Ironwood after last week’s Orchard vulnerability disclosure reignited concerns around hidden inflation risks and unverifiable supply integrity.

In a June 6 proposal, Zcash Open Development Lab [ZODL] outlined plans for a new shielded pool. It is designed to restore publicly verifiable supply accounting while preserving user privacy.

The proposal followed the June 5 disclosure that a critical flaw inside Zcash’s Orchard shielded pool could have theoretically enabled unlimited undetectable counterfeit ZEC before an emergency fix was deployed.

Developers stressed at the time that there was no evidence the flaw had ever been exploited and that circulating supply had not changed.

Attention around Orchard intensified again on June 11 after Arkham flagged a withdrawal representing roughly 1% of all ZEC held inside the shielded pool.

Ironwood aims to restore auditable supply integrity The proposed Ironwood upgrade introduces a “turnstile” accounting mechanism designed to make Zcash’s circulating supply publicly auditable again.

Under the proposal, the existing Orchard pool would stop accepting new deposits and internal transfers. Funds could only move forward through the turnstile before entering Ironwood.

Because the mechanism rejects any attempt to withdraw more ZEC than was originally deposited into the migration process, the ecosystem says users would gain a trustless guarantee that circulating supply remains accurate.

“The total supply moved from Orchard to Ironwood will be verified by a turnstile, allowing anyone to audit Zcash’s circulating supply,” ZODL wrote in the proposal.

The ecosystem also said Ironwood would undergo additional independent audits and formal verification reviews to rule out future soundness issues.

The upgrade is currently targeting activation in late July 2026, following the planned deprecation of zcashd support.

Arkham withdrawal revives focus on Orchard balances The Ironwood proposal returned to the spotlight Thursday after Arkham highlighted a large Orchard withdrawal on-chain.

Arkham said Orchard still theoretically holds around 3.88 million ZEC, worth approximately $1.65 billion. However, the platform acknowledged shielded balances cannot be independently verified.

The transaction itself does not prove counterfeit ZEC entered circulation or that the Orchard flaw was exploited before remediation.

However, the movement attracted attention. This was because the original disclosure acknowledged that there is no way to determine if inflation occurred before the patch.

That uncertainty has become central to the broader debate surrounding privacy-preserving cryptocurrency systems.

ZEC stabilizes after sharp post-disclosure selloff ZEC price action has also shifted notably since the initial Orchard disclosure.

After experiencing a sharp selloff immediately following the June 5 announcement, ZEC later stabilized as traders reassessed the long-term implications of the flaw and the ecosystem’s proposed response.

The rebound suggests markets may be treating the issue as a contained technical vulnerability rather than evidence of a catastrophic supply failure. At the time of this writing, it was trading with an over 4% gain, around $425.

Source: TradingView The proposed Ironwood migration aims to restore long-term confidence in Zcash’s privacy infrastructure while preserving shielded transaction functionality.

Final Summary Zcash developers proposed the auditable Ironwood shielded pool after last week’s Orchard vulnerability disclosure. Renewed scrutiny around large Orchard withdrawals has intensified focus on Zcash’s efforts to restore publicly verifiable supply integrity.