Crypto Guides, Knowledge & Insights

WikiBit x SpacePi Partner Giveaway

Total prize pool: $800 SpacePi　　Apr 20 19:00 - May 20 19:00 (UTC)　　How to participate　　1）Follow on Twitter：@SpacePi_Com& @WikiBitOfficial　　2）Complete the task：https://zealy.io/cw/spacepieth/questboardinvitationId=fFa1y24x9bLNgnoXD8kVG　　3)Fill out the MEXC email or UID in the zealy　　Please continue to stay tuned for more updates, and get ready to embark on an extraordinary journey with us!　　About SpacePi　　SpacePi (ETH) is a memecoin self-organized by devout Pi Network members to promote the Pi Network ecosystem.

2024-04-29Deep Dive

This Week Noteworthy Events (April 29, 2024——May 5, 2024)

ZeroLend, a Multi-Chain Lending Protocol, to Launch Governance Token ZERO on April 29th　　The multi-chain lending protocol ZeroLend has revealed on social media platforms its plan to launch governance token ZERO on April 29th, with further details about the TGE (Token Generation Event) set to be announced soon. ZeroLend reportedly supports zkSync, Manta Network, Blast, Linea, and Ethereum, allowing users to deposit supported tokens and earn yields. Previously, ZeroLend introduced the Liquidity Re-Staking (LRT) market on the Ethereum mainnet. Users of ether.fi, Renzo, Kelp DAO, and Puffer Finance can now deposit LRT and borrow ETH or other liquid assets to earn enhanced LRT points, EigenLayer points, and Zero Gravity points from ZeroLend.CZ to Receive Judgment at United States District Court for the Western District of Washington on April 30th　　Former Binance CEO CZ is scheduled to receive judgment at the United States District Court for the Western District of Washington on April 30th, local time, where Judge Richard Jones will hear statements from prosecutors and CZs lawyers.　　In November 2023, he pleaded guilty to failing to maintain effective anti-money laundering procedures, violating the Bank Secrecy Act. CZs actions included not meeting prescribed anti-money laundering standards in Binances operations. He has reached a settlement

2024-04-29Deep Dive

Why Did the Highly Anticipated Runes Experience a Lackluster Reception Upon Its Official Launch?

What is Runes Protocol？　　Runes is another Bitcoin-based colored coin protocol designed by Casey Rodarmor in September 2023. The main idea is to allow the issuance of tokens on top of the native UTXO set.　　Colored coins have been around for a long time. The main idea is that you can “color” certain Bitcoin transaction outputs, giving them additional meaning besides the Bitcoin amount. It can represent another “asset” and be issued as tokens. The first implementation of this protocol occurred 11 years ago in 2013, with subsequent attempts including MasterCoin (renamed to Omni), CounterParty, and more recently RGB, Taro Assets, and BRC-20.　　Casey is also the founder of the Ordinals protocol. Transactions involving BRC-20 related tokens born out of Ordinals protocol constitute a significant portion, and Casey believes that BRC-20 could generate “garbage” occupying Bitcoin space. This led Casey Rodarmor to develop a new protocol named Runes, which is a simple, UTXO-based (Unspent Transaction Output), FT (Fungible Token) protocol designed to provide Bitcoin users with a good user experience.　　Runes garnered attention for two reasons: firstly, because its founder is Casey Rodarmor, and secondly, because the creation of the Runes protocol is aimed at issuing fungible tokens on BTC.A Deep Dive into the

2024-04-28Deep Dive

LazyBear x WikiBit Partner Giveaway

Total prize pool: $100 USDT　　10 lucky winners will be rewarded with 10 USDT　　Apr 24 19:00 - May 30 19:00 (UTC+8)　　How to participate　　1）Follow on Twitter：@LazybearOFC & @WikiBitOfficial　　2）Complete the task：https://trantor.xyz/campaign/6107443494913　　Please continue to stay tuned for more updates, and get ready to embark on an extraordinary journey with us!　　About LazyBear　　“LazyBear” Announces Successful Completion of Angel Round Financing　　LazyBear, an innovative cryptocurrency ecosystem targeting small and medium traders, has announced the successful completion of its angel round financing. The funding for this round was collectively raised by its investors and strategic partners, totaling $4 million. This financing will be used to accelerate growth and innovation for LazyBear in the cryptocurrency market. Investors and strategic partners include Gogeko Labs, DWF Labs, Shadow Labs, Salad Labs, Bees Network, Sypool, Micro3, REI Network, IBIT, Crypto Bullish, SYNBO Protocol, Bazaars, Bitcoin Gbox, GemX Crypto, as well as individual investors from top cryptocurrency industry companies.

2024-04-28Deep Dive

WikiBit Global Supervisors Gathering! Participate to win USDT prizes!

On April 26th, WikiBit invested $5,000 to kickstart the themed event, with the aim of inviting global users to engage in comprehensive supervision of the WikiBit platforms content. Our objective is to foster a collaborative environment where global users can scrutinize and contribute to the creation of a professional, fair, and objective information verification platform within the crypto industry. Additionally, we are committed to actively optimizing service levels based on user feedback to ensure continuous enhancement.　　From April 26th to May 15th, simply open the WikiBit App or visit our official website (https://www.wikibit.com/) to carefully browse and view all platform content. If you spot any errors or areas for improvement, take a screenshot and submit it via the designated page on the website. Our team will thoroughly review all user feedback and publicly announce the audit results and list of winners within five working days. For ongoing updates, be sure to follow our social media platforms. Rewards will be distributed to users whose feedback leads to identified improvements through their ForexPay accounts after the event concludes. Be sure to follow our social media platforms for updates on winners announced every five working days.　　For event details, please visit: WikiBit Global Supervisory Officer

2024-04-27Deep Dive

WikiBit Global Supervisory Officer Activity Rules

Submit any errors you find in content from the WikiBit website or app to help us optimize. Well provide generous rewards for your assistance. Once your feedback is verified, youre guaranteed to receive USDT rewards.Event Period 　　April 26 - May 15, 2024　　Rewards will be distributed within a working period after the conclusion of the entire event.How to Enter　　1️⃣ Log in to the WikiBit App or Website.　　2️⃣ Find and screenshot any content errors.　　3️⃣ Submit your findings here: https://klteeqb691.feishu.cn/share/base/form/shrcnyBFNuZilEA8L0grN2JXPng　　Or you can scan the QR code for the Submission From from the following pic　　4️⃣ Wait for our review and get your submission approved.　　5️⃣ Earn rewards! Our customer service will reach out to distribute prizes.Activity Rules　　We offer different levels of rewards based on the types of errors you report. You can submit the form multiple times, with a maximum reward limit of $100 USD per user.　　If the reported errors occur repeatedly, the reward will be given to the user who submitted the problem screenshot first.　　Reward Levels: 　　S: $15 USDT* for each adopted error, including exchange regulatory license information errors.　　A: $10 USDT* for each adopted error, including exchange logos, URLs, etc errors.　　B: $8 USDT* for each adopted error, including exchange not yet listed but of

2024-04-26Deep Dive

Samourai Wallet Founders Arrested and Charged With Money Laundering

Federal prosecutors charged Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide fund transfers.　　According to a press release issued Wednesday, the pair developed, marketed and operated the mixer, which “facilitated more than $100 million in money laundering transactions from illegal dark web markets.”　　Samourai overall facilitated around $2 billion in “unlawful transactions” between 2015 and the present, the release alleged. An accompanying indictment said this figure was calculated by converting the value of bitcoin laundered through the funds to U.S. dollars, based on bitcoins price “at the time of each transaction.”　　Rodriguez, 35, and Hill, 65, collected approximately $4.5 million in fees for their mixing services, according to prosecutors. Different features had different pool fees, according to the indictment.　　The pair are charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. The charges carry a maximum sentence of 20 years and five years, respectively.　　Rodriguez was arrested on Wednesday morning and will be arraigned in Pennsylvania today or tomorrow, according to the press release. Hill,

2024-04-25Deep Dive

US spot Bitcoin ETFs see daily net outflow of $120 million

U.S. spot bitcoin exchange-traded funds saw a total daily net outflow of $120.64 million on Wednesday as eight products recorded saw zero flows, according to data from SoSoValue.　　Grayscale‘s GBTC had $130.42 million leave the converted bitcoin ETF, while Fidelity and Ark Invest’s funds were the only two to have inflows totaling about $10 million, SoSoValue data showed. Eight other funds including BlackRock‘s IBIT and Bitwise’s BITB, recorded zero flows. BlackRocks IBIT in particular, ended its 71-day positive streak on Wednesday.　　“Days with zero inflows are typical and not indicative of product failure,” Rachael Lucas, crypto analyst at BTC Markets, told The Block. “It also coincides with market performance and geopolitical tensions, highlighting complexities beyond ETF flows.”　　Joe Caselin, head of institutional marketing of BIT crypto exchange also said that zero flows in an ETF is no special event, while they could indicate ETF excitement cooling down. “Bridging fiat into the BTC narrative takes time, and we will continue to see fresh inflows coming in waves as the slow but unstoppable machine of TradFi clicks with crypto,” Caselin said.　　Bloomberg ETF Analyst James Seyffart previously explained on X that ETF shares are created or destroyed in units, which only happens when there is a

2024-04-25Deep Dive

Binance Converts All SAFU Fund Assets to USDC: Does This Signal a Market Peak?

Established by Binance in 2018 as an emergency insurance reserve for its users, the Secure Asset Fund for Users (SAFU) is designed to reimburse traders in the event of the exchange losing investor assets, such as in cases of hacking.　　The fund aims to maintain a value of over $1 billion under normal circumstances. Prior to this conversion, SAFU held both Bitcoin BTC and BNB. According to CoinGecko data, both assets declined by 12.6% and 9.1% respectively over the past seven days. Therefore, to avoid further price volatility, the cryptocurrency exchange has decided to convert all of the funds assets to USDC to enhance “reliability and stability.”　　“SAFU is an emergency insurance fund established in 2018 to protect Binance users in extreme cases,” Binance wrote in a blog post. “Over the years, we have been monitoring the size of SAFU to ensure that the balance is sufficient to safeguard our users.”　　In this conversion, approximately $1 billion worth of Bitcoin was transferred out of SAFUs Bitcoin wallet address, and slightly over $740 million worth of BNB was transferred out of its BSC wallet address. Using a blockchain explorer to track, both amounts eventually entered Binances hot wallet address. Now, SAFU only holds 1

2024-04-25Deep Dive

WikiBit & 4METAS Partnership Celebration Giveaway

To celebrate the partnership with 4METAS, you are invited to participate in our community giveaway! Good Luck to everyone！　　Rewards: 15,840,430 $4MW　　Date: 12 am UTC, 24th April - 12 am UTC, 30th April　　How to Enter　　1）RT s more than just a platform; its a Web3-native ecosystem that integrates GameFi, social features, metaverse, and AR/VR into one dynamic space.

2024-04-25Deep Dive

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