🚀 Crypto’s Turbulent Winds: SEC’s $2B Ripple Clash & LSE’s Crypto Leap!

As the winds of change sweep through the crypto sphere, our Canary ensures you surge through the skies with confidence. While the SEC demands a staggering $2 billion from Ripple, sparking disbelief from CEO Brad Garlinghouse, another twist emerges as the London Stock Exchange announces the rollout of Bitcoin and Ether ETNs. Meanwhile, Nilam Resources goes all in with a $1.70 billion Bitcoin deal, and Hack VC looks to raise at least $100 million for seed-stage investments. Plus, scandalous exposés and upcoming events keep the crypto world on its toes.

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Hall of Fame, Hall of Shame

South Korean 'Crypto Conmen' Bag $4.1M! 

Suspected South Korean scammers fool a financier, allegedly pocketing $4.1 million. Cops nabbed the youthful fraudsters in Busan's Haeundae District. Promising 70% profits in a month, they flaunted fake documents and even fake real estate deals in Gangnam. As crypto craze booms, scams are skyrocketing, leaving investors scratching their heads.

Read more here

ZKasino Scandal Unveiled: Allegations of Fraud and Stolen Funds!

Shockwaves in the crypto world! Whistleblower exposes @ZKasino_io for unpaid debts, fraud, and misusing ZigZag Treasury funds. Former employees reveal unpaid invoices and an investor reveals fake revenue and fundraising numbers leading to allegations that the $40M ecosystem fund is also fake. Never a boring day in crypto!

Read more here

Binance Blunder: Exec Escapes Nigerian Crypto Clutches! 

Crypto drama at its finest! Nadeem Anjarwalla, Binance exec, pulls a Houdini in Nigeria amid money laundering probe. His escape sparks a manhunt as authorities scramble to uncover the truth. Nigeria has alleged Anjarwalla fled the country using a fake passport;  leaving regulators and Binance on edge.

Read more here

Meme of the Day

The Great Dilemma

Market Movements - 26 Mar 2024

Bitcoin surged by 5.17%, hitting $70,695, while Ethereum rose by 5.18% to reach $3,626. Notable altcoins, including Solana (3.42%), BNB (1.76%), XRP (1.82%), Cardano (4.53%), Dogecoin (5.33%), and Shiba Inu (10.40%), also experienced significant increases.

However, Avalanche (-0.20%) and Toncoin (-8.95%) saw declines.

This positive momentum extended to US stock indexes, which rose following record highs on Monday, with similar movements observed in European and Asian markets.

Movers and Shakers

Crypto Carnival Update! IOTA (14.33%) & BONK (13.81%) party on peaks, while ICP (13.62%) joins the fun! LDO (-2.57%) takes a tumble. Helium (-1.00%) & eCash (-0.37%) are chilling in the deep.

What moved in the Crypto World Today

SEC aims for Massive Fines for Ripple

SEC demands a jaw-dropping $2 billion from Ripple, sparking CEO Brad Garlinghouse's disbelief. Ripple’s legal battle intensifies as the SEC’s brief is expected Tuesday. Garlinghouse criticizes SEC Chair Gensler for overreach. Meanwhile, Coinbase sues SEC for clear crypto regulations, gaining industry support.

Read more here

London Stock Exchange to Launch Crypto ETNs

London Stock Exchange (LSE) announces May 28 rollout of Bitcoin and Ether ETNs for institutional investors, following FCA's nod. LSE sets April 8 for ETN applications, but FCA's decision to ban retail retail investors from buying the ERNs gets mixed reviews. Cue the crypto circus, where even regulators struggle to keep up with the madness!

Read more here

Nilam's Billion-Dollar Bitcoin Buy!

Nilam Resources goes all in, signing a $1.70 billion Bitcoin deal with Xyberdata worth a total of. 24,800 Bitcoins. Nilam is planning to use those Bitcoins as collateral for a crypto-backed capital raise, issuing discounted Class C Stock. 

Read more here

AIOZ Network and Alibaba Cloud Unite for Web3 Wonder in APAC!

AIOZ Network teams up with Alibaba Cloud to revolutionize Web3 across Asia-Pacific. Named Alibaba's principal blockchain ally, AIOZ offers tech and funds for innovative projects. Expect hackathons and a DePIN Alliance in SEA boosting AI, storage, and streaming. Get ready for a Web3 whirlwind!

Read more here

DigiFT Dazzles with US T-Bill RWA Tokens, Simplifying the Crypto Legal Maze!

Singapore's DigiFT introduces tokens tied to U.S. Treasury Bills, offering a clearer legal structure for investors. The move comes as the market for real-world asset tokens surges, growing 15% to $6.5 billion. DigiFT aims to streamline access for stablecoin issuers and Web3 developers. A legal breath of fresh air in the crypto world!

Read more here

Funding Announcements

Follow the flutter of our crypto canary's wings as it unfurls who's striking gold in the world of funding!

1. Hack VC looks to raise at least $100 million for seed-stage investments in crypto startups

   Read more here

2. Binance Labs Backs StakeStone for Omnichain Liquidity Distribution Network

   Read more here

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