Crypto Guides, Knowledge & Insights

RFK Jr. Reveals Shocking Bitcoin Losses: May Conference Speech Fails

Robert F. Kennedy Jr. invested in Bitcoin despite denying it in May speech.　　Kennedy has between $100,001 and $250,000 worth of BTC in a brokerage account.　　Kennedy is a proponent of BTC, tweeting that it points the way toward a more transparent and democratic future.　　Democratic U.S. presidential candidate Robert F. Kennedy Jr. made headlines in the cryptocurrency world when it was revealed that he holds between $100,001 and $250,000 worth of Bitcoin in a brokerage account.　　This news came as a surprise, as Kennedy initially denied being a Bitcoin investor during a conference in Miami in May. However, recent financial documents have shown that the nephew of former president John F. Kennedy is indeed a cryptocurrency investor.　　Kennedys investment in Bitcoin was made after he delivered a pro-cryptocurrency speech at Bitcoin Miami. A representative for the presidential hopeful told CNBC that the investment does not represent a conflict of interest. Despite concerns over a possible conflict of interest, Kennedy remains a strong proponent of Bitcoin and its potential benefits.　　Kennedy has previously tweeted his support for Bitcoin, stating that it can help protect against totalitarianism and the manipulation of money supply while also promoting more transparency and democracy in government institutions. His investment in BTC

2023-07-10Deep Dive

Hong Kong’s Crypto License Gold Rush Leaves Job Seekers Empty-Handed

Hong Kong crypto firms prepping entry with excitement, but no significant hires yet.　　Talent squeeze expected as Web3 companies wait for license approvals.　　Crypto firms may need to move headquarters to pro-crypto jurisdiction to fill key roles.　　According to recruitment executives, despite the excitement surrounding crypto firms entry into Hong Kong, there have been no in-country hires so far.　　On June 1, about 150 firms applied for a local crypto license that allows them to operate a crypto trading platform in the region. Some firms have even reportedly spent up to $25 million to acquire one. Sue Wei, managing director of major recruitment firm Hays, that while exchanges have been looking to establish a base in Hong Kong, the industrys hiring needs are currently “light.” However, she anticipates that as many Web3 companies continue to grow and mature, there will be an increase in job openings.　　Wei also mentioned a significant decrease in requests for recruiting technical talent since the dip in the crypto market. She said that when talent was laid off en masse, some people became hesitant to work at a crypto company due to the business‘s unstable nature, which primarily relies on the prices of crypto. Similarly, founder of crypto recruiter Cryptorecruit,

2023-07-10Deep Dive

Binance In Crisis When Executives Flee Regulatory Storms

Top executives resign from Binance amid regulatory investigations.　　The exchange faces multiple regulatory challenges globally.　　Operations and market share of the exchange are affected by the investigations.　　According to Fortune, Binance, the renowned cryptocurrency exchange, finds itself in a state of turmoil as key executives step down following CEO Changpeng Zhaos handling of the ongoing regulatory investigations.　　The departures of senior figures, including the general counsel, chief strategy officer, and compliance SVP, signify a critical management and strategic crisis for Binance, intensifying the pressure as these units are directly engaged with regulatory matters.　　The resignation of top executives is expected to complicate Binances defense efforts as it faces multiple investigations from regulators worldwide. Notably, the United States Department of Justice has been conducting a probe into alleged attempts by the exchange to deceive regulators, as well as potential money laundering and sanctions violations on its platform.　　“Its true that I am leaving Binance,” Hillmann tweeted, adding that he was departing on good terms and continuing to respect and support Zhao.　　Alongside lawsuits filed by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), rumors have circulated that the Justice Department is on the verge of issuing criminal charges against both Binance and CEO

2023-07-10Deep Dive

This Week, 6 Projects to Experience Token Unlocking

According to Token Unlock, 6 tokens will experience unlocking this week.　　On July 11th at 8:00 AM, Moonbeam will unlock approximately 9.68 million GLMR tokens (around $2.64 million), which accounts for 1.44% of the total supply.　　On July 11th at 8:00 AM, Sweat Economy will unlock 2.87 million SWEAT tokens (around $1.74 million).　　On July 12th at 8:00 AM, Aptos will unlock 4.54 million APT tokens (around $31.58 million), representing 2.16% of the total supply.　　On July 12th at 8:00 AM, Pendle will unlock 4.54 million PENDLE tokens (around $0.38 million).　　On July 15th at 6:00 PM, ImmutableX will unlock 18.08 million IMX tokens (around $15.68 million), which accounts for 1.74% of the total supply.　　On July 16th at 8:00 AM, Flow will unlock 7.29 million FLOW tokens (around $5.19 million), representing 0.7% of the total supply.

2023-07-10Deep Dive

Messari Releases Q2 Project Reports for Multiple Projects Within a Week

Messari Releases Q2 Project Reports for Multiple Projects Within a Week, Including WAX, EOS, Livepeer, Synthetix, XRP, and 1inch.　　Messari released Q2 project reports for multiple projects within a week, including WAX, EOS, Livepeer, Synthetix, XRP, and 1inch. The token prices of WAX, EOS, and XRP have experienced a decline of over 10% compared to the previous quarter. Additionally, when comparing on-chain data such as active addresses, the performance of WAX, EOS, and XRP as L1 public chains was relatively poorer.　　In comparison, Synthetix has shown impressive data with a significant increase in trading volume in Q2 compared to Q1.　　However, Synthetix has not experienced significant growth in protocol revenue, mainly due to the reduction in fees for market makers and takers.

2023-07-10Deep Dive

Voyager Sees Outflow of Over $229 Million After Resuming Withdrawals

Blockchain data analyst Tom Wan tweeted that over $229 million has been withdrawn from the Voyager platform since it resumed withdrawals on June 23rd.　　It is reported that Voyager has approved a 30-day withdrawal period starting from 11:08 AM Eastern Time on June 23, 2023. Users are required to use the Voyager app for the withdrawal process.　　The transfer is expected to take around 10 days or longer to complete. If you do not transfer your crypto in-kind during this 30-day window, you will receive your initial recovery in U.S. dollars at a later date, subject to market fluctuations.　　Currently, there are still $196 million worth of assets in the wallet addresses associated with Voyager. Users who have assets in Voyager are advised to withdraw them promptly.

2023-07-10Deep Dive

CZ Responds To Reports Of 3 Binance Senior Executives Resigning

Binance CEO Changpeng Zhao (CZ) has responded to reports of the departure of 3 senior executives.　　CZ believes that the reports about their reasons for leaving are entirely untrue.　　According to reports, their departure is related to the ongoing investigation by the US Department of Justice.　　Binance CEO Changpeng Zhao (CZ) responded to reports of “three Binance executives resigning” on Twitter. He said the reports about their reasons for leaving were utterly untrue.　　“More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the ”news“ are completely wrong.”　　CZ said that Binance is always working to protect its employees.　　“As markets and the global environment for crypto changes, as our organization evolves, and as personal situations change, there is turnover at every company. We thank all of our ex-team members for their contributions to our growth, and wish them all the best.”　　CZ also confirmed that it will continue to grow and continue to recruit.　　Earlier today, Fortune magazine cited three Binance executives who resigned this week as Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President of Compliance. Prime Minister Steven Christie.　　Reportedly, their departure is related to the reaction of Binance founder Zhao Changpeng

2023-07-07Deep Dive

Bitcoin Is Waiting For The Next Bull Run At $35,500

Bitcoin maintains solid upward momentum, with the price zone above $30,000 being sustained for over two weeks.　　Despite a drop below $31,000 after the release of the FOMC meeting minutes, demand for Bitcoin futures from institutional and professional investors remains strong.　　BTCs price is looking to break the $31,200 resistance level, with a potential target of $35,500 on the weekly chart.　　Bitcoin (BTC) is creating a solid upward momentum when the $30,000 price zone has been maintained for more than 2 weeks.　　Earlier, the Bitcoin price saw a substantial increase in selling pressure in the wake of the minutes of the United States Federal Open Market Committee (FOMC) meeting in June.　　While BTC has dropped below the $31,000 mark, the growth in demand for Bitcoin futures from institutional and professional investors remains, implying a price squeeze for the flagship decentralized finance (DeFi) commodity is possible.　　The second Bitcoin halving will take place in May 2024. A bull run is possible if the qualities identified during prior halving occurrences are maintained.　　The largest cryptocurrency is up 1.4% to $31,200 on Friday, while the second-largest crypto, Ethereum, has, in the last 24 hours, increased 0.75% to trade at $1,945. This can be said to be a step to create

2023-07-07Deep Dive

BREAKING: Hotbit Shuts Down, Leaving Users In Panic Amid Rugpull Allegations

Hotbit shuts down, citing expensive server costs and expenditures.　　Allegations of rugpull and dumping actions have emerged, with users expressing concerns about the loss of funds and assets on the platform.　　Hotbit proposes converting locked assets into a more liquid form to distribute to HTB token holders.　　Hotbit, a cryptocurrency exchange that has been in existence for five years, has stated that it is no longer operational. The company has recommended a few corrective options for those who have been harmed. However, a number of allegations regarding the exchange are causing a stir in the crypto community.　　Hotbit shut down on June 30 after on May 22 that trading would be discontinued. All activities, including crypto transactions, have been paused, according to the exchange. Just $6 million in assets, principally low-value cryptocurrencies, and cash known as “dust” in user accounts, may be taken from the exchange wallet. These assets will be converted to USDC and handed to holders of DF assets.　　HotBit exchange said goodbye to the world of crypto exchanges in an official statement on its website, citing expensive server costs and expenditures. The exchange also said that it would publish a more thorough explanation on its website after the formal declaration.　　Hotbit, a crypto

2023-07-07Deep Dive

Proposal Initiated by Jeffrey Huang for ApeCoin DAO to Acquire BAYCs and Other NFTs for Gifting

On July 7th, Jeffrey Huang initiated a proposal within ApeCoin DAO, suggesting that the DAO acquire 1000 Bored Ape Yacht Club (BAYC) , 2000 Mutant Ape Yacht Club (MAYC) , a certain quantity of Bored Ape Kennel Club (BAKC) , CryptoPunks, and other notable NFT artworks. The purpose of this acquisition would be to donate these assets to major museums worldwide for exhibition purposes.　　Jeffrey Huang first expressed this idea on Twitter as early as June 22nd and received support from the community.　　Jeffrey Huang is a renowned music producer, entrepreneur, and social activist from Taiwan. He is a member of the well-known Taiwanese music group Machibrothers , which was formed in California, United States, in 1991. After transitioning into the blockchain industry, he has been involved in multiple projects such as Mithril, J-Coin, The Token Fund, Cream Finance and so on. One of his notable contributions is being a significant holder of Bored Ape Yacht Club (BAYC) and actively promoting its development.

2023-07-07Deep Dive

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