Crypto Roundup: Telegram CEO Arrested for CyberCrime, New Zealand Adopts Crypto Standards, Xapo Launches Fund, CoinFlip Expands

Our canary brought some juicy crypto gossip for you today. Telegram's CEO was arrested in France for alleged cybercrimes. New Zealand has adopted the OECD's Crypto Reporting Standards, a significant step towards global regulation. In a major development, Xapo Bank launched a $200 million Bitcoin hedge fund. And finally, CoinFlip, a crypto ATM provider, has expanded its operations to Mexico.

Follow the lead of our Canary to discover unseen treasures!

Alpha Offerings

Seize your daily airdrop rewards, guided by our Canary's discovery!

1. KGen | K-DROP

   Potential: $700 - $1500

   Here is a step-by-step process:

   • Go HERE

   • Use Code: PHHGJ2

   • Click profile

   • Connect Metamask and others account

   • Click KGen

   • Complete Ongoing Task

2. Aggregata

   Potential: $500 - $1300

   Here is a step-by-step process:

   • Download Extension HERE

   • OPEN Extension or Go to HERE

   • Create Account With Email

   • Connect With Metamask

   • Enter: z8bqwlv8

   • Click Rewards

   • Connect X and Discord

   • GPT to Earn

Meme of the Day

Market Movements - 27 Aug 2024

The crypto market witnessed a downward movement on Tuesday, as profit-taking after a weekend rally extended into a second day. Bitcoin declined by -2.30% to $62,326.75, while Ethereum dipped by -4.11% to $2,624.02. BNB declined by -1.95% to $550.48, and Solana was down by -4.01% to $153.58.

Among altcoins, Tron dipped by -4.11% to $0.160, while Toncoin was down by -1.70% to $5.44. Cardano also decreased by -2.75% to $0.363, and Avalanche was in red by -3.86% to $25.68.

Movers and Shakers

In the last 24 hours, the top gainers included Akash Network (+8.40%), Helium (+2.76%), and UNUS SED LEO (+2.01%). The top losers included dogwifhat (-11.63%), Popcat (-10.74%), and SATS (-8.98%).

Project Updates

1. Zengo introduces a multi-wallet functionality for its premium subscribers. This feature will enable users to manage separate crypto wallets within one account.

   Read more here

2. Celo Foundation and Celosphere have launched the first music NFTs on their platform, Celosphere. The 1,000-piece collection features original tracks and remixes, priced at 3 CELO each.

   Read more here

3. Gaming giant Nexon, through its blockchain subsidiary NEXPACE, debuts a utility token for the MapleStory Universe web3 game.

   Read more here

4. Warden, a sovereign AI execution network, launched AIBI – the Artificial Intelligence Blockchain Interface. This allows developers to integrate secure AI predictions into any application connected to Warden's blockchain.

   Read more here

5. Centrifuge, a leader in tokenized RWAs, launched a lending market with Morpho and Coinbase. This allows users to collateralize and borrow against U.S. Treasury-backed tokens.

   Read more here

Hall of Fame, Hall of Shame

SEC Charges Brothers in $60M Crypto Ponzi

The SEC charged two brothers for orchestrating a $60M crypto Ponzi scheme. They lured investors with a fake trading bot promising high returns and used virtual tools to mask their identities.

Read more here

Singapore Court Jails Crypto Ponzi Mastermind

A Singapore court sentenced a man to 6 years in prison for running a crypto Ponzi scheme that attracted over 700 investors and $4.92M in investments.

Read more here

What moved in the Crypto World Today

France Arrested Telegram CEO for Cybercrime

French authorities have linked Telegram CEO’s arrest for alleged involvement in offering unauthorized "cryptology" services and tools on the messaging platform. Several crypto leaders, including Musk and Buterin, have supported Durov after his arrest.

Read more here

New Zealand Adopts OECD Crypto Standards

New Zealand seeks to implement the OECD's Crypto-Asset Reporting Standards, addressing tax issues related to cryptocurrencies. Crypto service providers operating in the country will be mandated to collect transaction data starting April 1, 2026, with non-compliance incurring penalties.

Read more here

Xapo Bank Launches $200M Bitcoin Fund

Xapo Bank partners with trading firm Hilbert Group to launch a $200 million Bitcoin hedge fund. The fund will offer corporates, businesses and professional investors the opportunity to generate returns in BTC from institutional-grade structured credit arrangements.

Read more here

CoinFlip Expands to Mexico

Crypto ATM provider CoinFlip has expanded its global footprint by entering Mexico, its eighth international market. The company has deployed over 20 machines strategically throughout Mexico City.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. Decentralized data platform, Aggregata received undisclosed funding from Binance Labs Fund.

   Read more here

2. Decentralized prediction and opinion markets, Opinion Labs received undisclosed funding from Binance Labs Fund.

   Read more here

3. Cross-chain perp DEXs aggregator, Vooi received undisclosed funding from Binance Labs Fund.

   Read more here

4. Crypto research and development company, Chainbound (Bolt) raised $4.60M in a Seed funding round led by Cyber Fund.

   Read more here

5. Bitcoin-based decentralized financial ecosystem, BTA Protocol raised $1.50M in a Series A funding round led by Athena Ventures.

   Read more here

6. Web3 advertising ecosystem, ATT (Advertising time token) received undisclosed funding from Waterdrip Capital.

   Read more here

7. Automated leverage protocol, Origami Finance raised $1.50M in a Seed funding round from Ouroboros Capital, Fjord Foundry, Good Partners, and others.

   Read more here

Whale Movements

1. Two wallets (one entity) 0xcc3 and 0x4a1 bought 3,570 ETH using 9.628M USDT. More details here

2. Whale 0x46c unstaked 5,088 ETH ($13.66M) from Elixir and deposited them to Binance. Txn details here

3. Whale 0x75b deposited 8,825 ETH ($24.07M) to Binance at a loss. Txn detail here

Today’s Token Unlocks

Yield Guild Games (YGG) - $4.90M
HOPR Token (HOPR) - $3.58M
NFPrompt (NFP) - $2.38M

Coinversation Street

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

@CloutedMind on crypto markets:

@game_for_one about Probabilistic Thinking in Trading:

Upcoming Events