Crypto Maelstrom: EU Targets Cash & Crypto, Anthropic Blocks Saudi Bid for FTX, Binance Drops TRC USDC, Do Kwon Freed

Crypto chaos erupts this week, and our Canary needs its keen eye! While the EU cracks down on "dirty cash," potentially impacting crypto transactions, another twist emerged as Anthropic AI, known for its safe AI development, blocked a Saudi Arabian bid for the FTX shares it owns. Meanwhile, Binance shakes things up by dropping TRC20 USDC, a stablecoin, just as Nigeria accuses the exchange of tax evasion. And to add to the drama, crypto fugitive Do Kwon was released by Montenegro authorities, leaving authorities scrambling.

Boost your crypto holdings! Explore Alpha with your Canary - let's get started!

Alpha Offerings

Shhh... don't tell everyone! Free crypto awaits with our exclusive intel. Let's go!!

1. Morph & Bitget Wallet Points Airdrop

   Potential: $300 - $1,000

   Earn BWB Points by using Morph and redeem them for $BWB tokens in the future

   • Click HERE

   • Complete the tasks

2. Mirror L2 Testnet

   Potential: $1,000 - $5,000

   Here is the step-by-step process for the same

   • The testnet of Mirror Staking Protocol is launched NOW!

   • Download Unisat wallet HERE

   • Claim test Bitcoin from faucet HERE

   • Claim test Ether(Arbitrum Sepolia) HERE

   • Unisat wallet (switch to testnet mode)

   • Complete HERE

3. Succinct Labs Airdrop

   Potential: $2,000 - $10,000

   Here is the step-by-step process for the same:

   • Interact with Succinct Early Join Here

   • Bridge Any chain to Xdai Here

   • Swap ETH to USDC Here

Hall of Fame, Hall of Shame

Hong Kong Housewife Loses $908K to Crypto Scammers

Hong Kong's Crypto Caper: A 46-year-old housewife's tryst with crypto turned sour when she realized she'd been bamboozled out of a whopping $908K! Hooked by Instagram schemers, she unwittingly funneled her fortune into fake investments. Now, the hunt's on for the cyber swindlers as crypto cons skyrocket in Hong Kong!

Read more here

Millions Reeled in by Email Phishing Scam

Crypto Scam Alert! Scammers target bankrupt crypto creditors like BlockFi, raking in $5 million in crypto and NFTs! With hacking tool ‘Pink Drainer kit’ and email breaches, they're on a stealing spree. Even dormant wallets aren't safe. Stay sharp, folks! Cryptos' wild west attracts both cowboys and con artists.

Read more here

Solana meme coin wipes out trader's $46k in Minutes

A trader lost 263.5 Solana ($46,000) in minutes investing in LADYF, a Solana meme coin. Bought for over $50,000, it plummeted, leaving only 36.49 SOL ($6,200). LADYF soared five million percent at launch but declined. Similar to LADYS, Milady's meme token, which initially raised $18 million SOL but reimbursed investors.

Read more here

Meme of the Day

Solana's Memecoin: Where Lambos meet Moon Moons

Market Movements - 25 Mar 2024

Bitcoin surged by 5.39% to hit $69,154 today. At the same time, Ethereum, the second-largest cryptocurrency, saw a 4.51% increase, reaching $3,562.21. Other notable altcoins, including Solana (9.26%), BNB (4.94%), XRP (1.64%), Cardano (3.19%), Avalanche (7.92%), Dogecoin (3.51%), Shiba Inu (4.85%), and Toncoin (12.16%), also experienced significant surges.

The positive momentum carried over to US stock indexes, which rose this morning following all three major indices achieving new record highs on Monday. European and Asian stock markets similarly observed upward movements.

Movers and Shakers

Crypto victors of the week! Dogwifhat (20.50%) and ICP (20.30%) are on highlands. Ondo is also up (14.85%). But keep an eye, as Stacks (-5.01%) experiences a downfall in the run. Ronin (-3.76%) and Aptos (-3.02%) are in deep waters.

What moved in the Crypto World Today

EU Declares War on Dirty Cash

EU tightens screws on money laundering, with laws targeting cash and crypto. Cash splurges over €10K are now on the watchlist and anonymous transactions over €3K banned. But not everyone's cheering - German MEP cries foul, arguing for financial freedom. Will privacy take a hit?

Read more here

Anthropic AI Blocks Saudi Bid

Anthropic AI refuses to sell it’s FTX shares to Saudi buyer in bankruptcy sale, sparking a high-stakes showdown. With billions lost and high-stakes bids, the drama is entwining, with shares now worth a whopping $1 billion!

Read more here

Crypto Fugitive Do Kwon released from Montenegro

Do Kwon, of LUNA fame, was released from prison in Montenegro but his passport was confiscated, and he was sent to a shelter for foreigners. He faces extradition requests from the US and South Korea.

Read more here

Binance Drops TRC20 USDC!

In response to Circle's USDC pullout from Tron (TRC20), Binance follows suit, halting USDC deposits and withdrawals via TRC20 from April 5, 02:00 (UTC). Trading remains unaffected, but say goodbye to TRC20 USDC transactions!

Read more here

Nigeria Accuses Binance of Tax Evasion, Says Tax Agency

Nigeria's revenue service accuses crypto giant Binance of tax evasion, igniting a legal battle in Abuja. The charges include VAT and income tax non-payment, failure to file returns, and aiding tax evasion. Binance executives, detained in Nigeria amid a crypto ban, strive to resolve the issue as FIRS presses charges.

Read more here

Funding Announcements

Get clued in! Our Canary spills the tea on the latest crypto funding winners:

1. Layer 1 Blockchain Mantra Secures $11 Million in Latest Investment Round

   Source: BitcoinNews

2. Espresso Systems Secures $28 Million in Series B Funding for Blockchain Sequencing Marketplace

   Source: CrowdFundInsider

Tech Explainer

Max Howell, Founder of Tea Protocol, on Unlocking the Open-Source Economy

Upcoming Events