Crypto Roundup: Coal Miner Strikes Gold, MicroStrategy Buys Big, Russia's Mixed Signals, and USDC Topples USDT

Our crypto-loving Canary has brought today’s news. Coal miner ARLP has struck a digital jackpot. Meanwhile, MicroStrategy continues to gobble up BTC, ignoring a recent dip in its financial performance. On the other hand, Russia's proposed crypto regulations present a mixed bag. And Circle's USDC stablecoin has overtaken Tether's USDT in market capitalization.

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Alpha Offerings

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Treasure Ruby Testnet Launch

Potential- $1500 - $5000

1. Here is a step-by-step process:

   • Go HERE and connect metamask

   • Claim Faucet (Magic)

   • Complete Available Quests

   1. Mint Commemorative NFT on Treasurescan

   2. Use the Treasure (Testnet) Faucet

   3. Mint and Bridge MAGIC to Treasure (Testnet)

   • Minting Process HERE

   • After that, click on Bridge

   • Bridge at least 1 MAGIC from Sepolia to Treasure (Testnet)

Meme of the Day

Running node or mining?

Market Movements - 30 Apr 2024

Last 24 hours have seen declines in Top 30 by market cap coins except Cronos.

Bitcoin is down by -1.84% to $61,229.68 marking a -7.5% dip for the last 7 days, while Ethereum experienced a decline of -3.85% to $3,014.90. BNB and Solana are also down -3.28% ($567.72) and -4.61% ($128.94) respectively.

Movers and Shakers

In the last 24 hours, the top gainers were Cronos (+3.87%), Wormhole (+3.12%), and Ethena (+1.52%).

The top losers included Pendle (-15.57%), Beam (-9.32%) and ORDI (-9.24%).

Project Updates

1. OKX will offer Runecoin farming on OKX Jumpstart. BTC holders can stake BTC to mine RUNECOIN tokens in return.

   Read more here

2. Mina Protocol's upcoming upgrade is set for June and will include ZK programmability to the mainnet.

   Read more here

3. The Cosmos settlement layer, Dymension, has integrated eIBC (Hosted IBC) on its mainnet to facilitate near-instantaneous Rollup withdrawals.

   Read more here

4. ETHXY, onchain crypto games on Base, announced launch of their L3 “World Chain” that uses their token for gas.

   Read more here

5. EigenLayer announced airdrop of its EIGEN token in May, for users who contributed to staking on the platform.

   Read more hereRead more here

Hall of Fame, Hall of Shame

North Korean Lazarus Group Laundered $200M in Crypto

Our Canary has spotted a long running scam! North Korean Lazarus Group laundered $200M in stolen cryptocurrency from August 2020 to October 2023. They obtained the funds through 25+ hacks, totaling $3B.

Read more here

Four Arrested in $1.5M Cryptocurrency Scam in Queensland

Four people have been caught in Queensland for supposedly tricking others out of $1.5M in cryptocurrency. The suspects are accused of defrauding 30 individuals through companies like 'Crypto Advisers Australia' using a Ponzi scheme.

Read more here

What moved in the Crypto World Today

Coal Miner Strikes Gold with $30 Million in Bitcoin

Our crypto-loving Canary has spotted a golden opportunity in the coal mines! NASDAQ-listed coal miner Alliance Resource Partners revealed they've mined a cool $30 million in Bitcoin using excess power at their facilities.

Read more here

Crypto Exchanges Face Shutdown in Russia

Russia's mining bill could legalize industrial mining but effectively shut down crypto exchanges within the country. While home-based mining faces restrictions, exceptions exist for Central Bank-supervised companies, potentially for international trade using crypto instead of USD.

Read more here

MicroStrategy Continues Buying Spree, Ignoring Q1 Financial Woes

MicroStrategy's Bitcoin holdings grew by 122 BTC in April, now totaling 214,400 BTC (~$13.6B). This year alone, it has gobbled up over 25,000 BTC, despite experiencing a net loss and revenue decline in the first quarter of 2024.

Read more here

Circle's USDC Overtakes Tether's USDT

Our Canary sings of soaring birds! Circle's USDC stablecoin surpassed Tether's USDT in transactions, hitting $456B. Tether still leads with 68% market share and a market cap above $100B.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. MilkyWay, a Celestia liquid staking protocol, has raised $5M million in a seed round co-led by Binance Labs and Polychain Capital.

   Read more here

2. ZK-driven Bitcoin restaking protocol Chakra raised undisclosed funding from Starkware, ABCDE Capital and others.

   Read more here

3. AI-driven online casino Bull Run Bets raised $500k in a seed funding round led by NxGen, and Oddiyana Ventures.

   Read more here

4. Zero-trust network for IoT devices, Staex received undisclosed funding from Moonrock Capital.

   Read more here

Whale Movements

1. HashKey withdrew another 178,126 PENDLE ($771K) from Binance. Txn details here

2. Wallet 0x537 (likely Render Network) further deposited 500,000 RNDR ($3.84M) to Binance. Txn details here

3. Justin Sun will receive highest $EIGEN airdrop of 3.5M token. Details here

Today’s Token Unlocks

Illuvium (ILV) - $3.57M

Optimism (OP) - $2.51M

Celo (CELO) - $1.5M

Coinversation Street

Our Canary brings some of the trending and informative tweets from the crypto world:

@intern on venture investing:

@DistilledCrypto on Altcoins:

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