April 02, 2023

Repeat anything often enough and it will start to become you.

-Tom Hopkins

Shiba Inu's (SHIB) highly anticipated new layer-2 venture Shibarium is experiencing an early wave of success, with the platform already having over $1 billion in liquidity and over $2 billion in total value locked. Shibarium is a decentralized finance (DeFi) platform that allows users to stake their SHIB tokens and earn rewards, as well as providing a range of other services such as yield farming, liquidity mining, and more. The platform has seen a surge in popularity since its launch, with users attracted to its low fees, high liquidity, and wide range of features. Shibarium is quickly becoming one of the most popular DeFi platforms, and is set to continue its success in the future.

Source: cryptospacey

Sam Bankman-Fried, the former CEO of FTX, has been charged with bribery in the United States. According to a court filing reviewed by CryptoSlate, US prosecutors have accused SBF of violating anti-bribery laws. This is a serious charge and could have serious consequences for SBF if he is found guilty. It remains to be seen how this case will play out, but it is clear that the US government is taking a hard stance against bribery and corruption.

Source: cryptoslate

The CFTC recently issued an indictment against Binance, the world's largest centralized exchange for digital assets, and just hours before this happened, an outflow of $850 million was recorded. According to Thanefield Capital's data research, there was a total of almost $1.5 billion in stablecoin withdrawals across centralized exchanges in the 12 hours prior to the indictment. This could be a sign of investors withdrawing their funds in anticipation of the CFTC's action. It remains to be seen what the long-term implications of this crackdown will be.

Source: coinpedia

The recent news of a crypto founder selling his entire stake in the company has sparked controversy in the crypto community. Many are questioning whether this is the example that crypto founders should be setting, as it could be seen as a lack of faith in the project and its future. This has caused a debate among crypto enthusiasts, with some arguing that it is a sign of a lack of commitment and others arguing that it is a smart financial decision.

Source: cryptoticker

. Following the announcement of the lawsuit by the US Commodity Futures Trading Commission (CFTC) against Binance, the world’s largest cryptocurrency exchange, there have been reports of significant capital outflows. Data from cryptocurrency analytics firm Glassnode shows that Binance experienced a net outflow of $218 million in the hours following the lawsuit’s announcement. This could lead to increased regulatory scrutiny of Binance’s operations in the US, resulting in more stringent compliance measures and increased costs for the exchange. The news of the lawsuit against Binance has likely added to the general volatility in the cryptocurrency market, which has seen several ups and downs in recent weeks. The outflows following the CFTC lawsuit against Binance highlight the potential impact of legal and regulatory challenges on cryptocurrency exchanges, and it will be interesting to see how this situation develops over the coming days and weeks.

Source: newsbtc

A wallet controlled by the FTX bankruptcy estate has recently received tranches of the Arbitrum airdrop from several wallets linked to Alameda Research. This airdrop was part of a larger distribution of tokens to FTX users, and the wallet controlled by the bankruptcy estate is now in possession of a portion of the tokens. This is a significant development, as it shows that the FTX bankruptcy estate is actively managing the airdrop and ensuring that the tokens are distributed to the rightful owners.

Source: coindesk

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25,640 BTC

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*Transactions Last Updated: 04-02-2023 8:30am ET

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