Memecoin (MEME) debut on Binance Launchpool
Memecoin (MEME) or Memeland is a new memecoin project of 9GAG which has raised $10 million just a few minutes after launch. Binance users can stake BNB, FDUSD and TUSD to farm MEME over 30 days, starting from 00:00 Oct 28 (UCT). Binance will then list MEME at 08:00 Nov 03 (UTC).
Memecoin Launchpool details:
- Token Name: Memecoin (MEME)
- Total Token Supply: 69,000,000,000 MEME
- Launchpool Token Rewards: 1,380,000,000 MEME (2.00% of total supply)
- Total initial circulating supply: 8,797,500,000 MEME (12.75% of total supply)
- Staking terms: KYC required
- Hourly hard cap per user: 153,333.33 MEME in BNB pool; 19,166.67 MEME in TUSD pool; 19,166.67 MEME in FDUSD pool
The SEC charged Blackrock $2.5 million
The SEC on Oct 24 charged Blackrock $2.5 million for falling to accurately describe investments in the entertainment industry. The allegations come as the SEC prepares to assess BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF).
The SEC’s order finds that, from 2015 to 2019, BlackRock Multi-Sector Income Trust (BIT) made significant investments, through a lending facility, in Aviron Group, LLC, a company that developed print and advertising plans for one to two films per year. According to the SEC, for years, BlackRock inaccurately described Aviron as a “Diversified Financial Services”. BlackRock stated that Aviron paid a higher interest rate than was actually the case, the SEC added.
CYBER price skyrocketed as Binance Labs announces investment in CyberConnect
Binance Labs, the $9 billion venture capital arm of the world’s largest crypto exchange Binance, has unveiled its investment in web3 social network CyberConnect.
“We have made a follow-on investment round in @CyberConnectHQ, a decentralized social network. We see SocialFi’s potential in propelling Web3 into the mainstream, and we’ll be hosting an AMA to dive into the opportunities of social integrations across the ecosystem. Stay tuned!”, Binance Labs announced on Twitter X.
Polygon’s new token contracts went live on Ethereum
Polygon Labs announced that they had successfully deployed the smart contract for its new token POL on Ethereum. Polygon previously deployed smart contracts for POL token on Goerli testnet as a part of their “Polygon 2.0” plan.
POL will replace the network’s current MATIC token; the network will not support two tokens. MATIC holders will have four years to migrate their holdings to the new token.
FTX wallet transferred funds to crypto exchanges
On-chain data shows that the FTX-related wallet recently transferred a significant amount of funds to Binance and Coinbase via Wintermute’s wallet.
TX (0x97f) and Alameda Research (0xf02) wallets transferred a total of $13.35 million to the wallet of market maker Wintermute (0xde9) on Binance and Coinbase. Cryptocurrencies include: 2,904 ETH (worth $5.21 million); 1,341 MKR (worth $2.01 million); 11,975 AAVE (worth $1.02 million); 198,807 LINK (worth $2.27 million); 21,967 COMP (worth $1.01 million); 974,270 RNDR (worth $2.04 million)
These transfers may be related to FTX’s $3.4 billion liquidation plan, which was approved by the court in September.
BUSD gradually “disappearing” from CoinGecko and CoinMarketCap?
According to an announcement on October 3, Binance closed all outstanding BUSD loans and collateral positions on October 25, 2023 at 16:00 (UTC). Users are advised to repay all affected loan orders before 15:59 (UTC) on October 25, 2023 to avoid potential losses. Users can still borrow and lend on Binance, but use other stablecoins such as Tether (USDT) instead of BUSD.
Bitcoin price skyrocketed after news about Blackrock
BlackRock’s Bitcoin spot ETF, officially known as iShares Bitcoin Trust, has appeared on the website of DTCC, a post-trade financial services company. This marks an important step forward as the ticker IBTC is listed on DTCC. Eric Balchunas, a senior ETF analyst with Bloomberg, noted that such a listing is “all part of the process of bringing ETF to market.”
DTCC is a financial services company that provides clearing and settlement services for the financial markets. They handle a huge volume of stock transactions every year, worth up to 2.3 quadrillion dollars. So, it is considered the largest settlement center globally.
MINA jumped 50% after being listed on Upbit
Upbit listed MINA on its exchange onOctober 24, 2023. For the first 5 minutes after launch, only buy orders will be allowed. Sell orders will be limited to prices below 615 KRW, which is 10% below MINA’s previous day closing price on Upbit’s BTC market.
PEPE surged 45% due to this reason
In an announcement on Twitter X, the PEPE team said they destroyed 6.9 trillion PEPE tokens, worth approximately $676 million. Besides, to ensure the sustainable development of PEPE, “a new team of advisors have been brought on to guide Pepe forward.” This team will play an important role in shaping the strategy and development orientation of PEPE in the future. The remaining 3.79 billion PEPE will be used for strategic partnerships and marketing campaigns. PEPE price jumped 45% to $0.00000105 after this news.
Safereum devs reportedly unlock and dump native token
According to blockchain security firm CertiK and other experts, the Safereum team suddenly unlocked and sold more than 600 ETH worth of their holdings, sending the price of Safereum (SAFEREUM) down more than 94%.
The rug pull occurred after its team finalized a massive $600,000 fundraising. These funds are understood to have constituted part of the total stolen sum, which totaled roughly 720 ETH, worth $1.27 million at current prices.
How much will Bitcoin increase if Blackrock’s Bitcoin Spot ETF is approved?
Bitcoin could rise to $42,000 – $56,000 if Blackrock’s spot bitcoin ETF is approved by the Securities and Exchange Commission (SEC), according to forecasts by digital asset financial services platform Matrixport.
Through survey data with 15,000 investment advisors in the US, Matrixport predicts that between $12 billion and $24 billion could be poured into Bitcoin if such an ETF is approved.
Tesla sold none of their $312 million Bitcoin in Q3 2023
Tesla, one of the leading automotive and clean energy companies owned by Elon Musk, announced that it is not selling any Bitcoin (BTC), worth $312 million, in Q3 2023 .
Thereby Tesla has not sold any Bitcoin for 5 consecutive quarters. Tesla has not bought or sold any Bitcoin since Q2 of last year. Previously in Q2 2022, they sold more than 30,000 Bitcoin, equivalent to about 75% of its holdings, for $936 million. The company initially bought $1.5 billion worth of Bitcoin in early 2021.