⚡📉 FTX wants to sell its functioning units, including LedgerX
On Thursday, FTX petitioned a federal court for permission to sell several subsidiaries.
Attorneys for FTX said it was a priority for the company’s current management to “explore” the sale of certain subsidiaries.
These units include LedgerX, which also operates as FTX US Derivatives, FTX Japan, FTX Europe, and Embed Business, most of which were acquired by FTX recently.
In congressional testimony, FTX’s new CEO, John Ray, said that even companies purportedly segregated from FTX, like FTX-US, were not independent.
@BulkNetworkIntl
On Thursday, FTX petitioned a federal court for permission to sell several subsidiaries.
Attorneys for FTX said it was a priority for the company’s current management to “explore” the sale of certain subsidiaries.
These units include LedgerX, which also operates as FTX US Derivatives, FTX Japan, FTX Europe, and Embed Business, most of which were acquired by FTX recently.
In congressional testimony, FTX’s new CEO, John Ray, said that even companies purportedly segregated from FTX, like FTX-US, were not independent.
@BulkNetworkIntl
⚡📈 Arbitrum’s enormous network activity spike is synthetic, and here’s why
The spike in activity on Ethereum’s Layer 2 network has been massive lately, taking into account the relative calmness in the market.
According to Delphi Digital, the main source of increased network activity is airdrop hunters who create synthetic activity on the network only to get rewarded.
Technically, growth fueled by airdrops is not bad, the main purpose of airdrops is marketing campaigns and will most likely do its job in the long run.
Arbitrum aims at reducing transaction costs and increasing processing speeds on the network.
@BulkNetworkIntl
The spike in activity on Ethereum’s Layer 2 network has been massive lately, taking into account the relative calmness in the market.
According to Delphi Digital, the main source of increased network activity is airdrop hunters who create synthetic activity on the network only to get rewarded.
Technically, growth fueled by airdrops is not bad, the main purpose of airdrops is marketing campaigns and will most likely do its job in the long run.
Arbitrum aims at reducing transaction costs and increasing processing speeds on the network.
@BulkNetworkIntl
💡👁️ FTX’s alleged crimes; Not crypto crimes, just committed with crypto.
The arrest of FTX co-founder Sam Bankman-Fried has been greeted in some quarters as a vindication for the crypto economy.
The allegations are generic financial crimes, and this has led to some celebration; “They’re not crypto crimes—and that’s a big relief for the broader crypto industry”.
FTX took money from customers in exchange for purchases of, or bets on, a variety of crypto assets, while Alameda Research, SBF’s hedge fund, also made bets on the exchange.
@BulkNetworkIntl
The arrest of FTX co-founder Sam Bankman-Fried has been greeted in some quarters as a vindication for the crypto economy.
The allegations are generic financial crimes, and this has led to some celebration; “They’re not crypto crimes—and that’s a big relief for the broader crypto industry”.
FTX took money from customers in exchange for purchases of, or bets on, a variety of crypto assets, while Alameda Research, SBF’s hedge fund, also made bets on the exchange.
@BulkNetworkIntl
🙄Three Arrows Capital just withdrew 2000 ETH ( +- 2.400.000 $ ) from Binance
Three Arrows Capital (3AC), which recently collapsed, withdrew 2,000 ETH (+-$2,400,000) from Binance.
At the moment, this address holds a total of $6,595 ETH ($7.85 million)
https://etherscan.io/address/0x8e04Af7F7c76daA9AB429b1340E0327B5B835748
As a reminder, Three Arrows Capital (3AC) is heavily in debt and owes money to 27 different companies, including BlockchainCom, Voyager and Genesis Global, for about $3.5 billion.
Bulk news
Three Arrows Capital (3AC), which recently collapsed, withdrew 2,000 ETH (+-$2,400,000) from Binance.
At the moment, this address holds a total of $6,595 ETH ($7.85 million)
https://etherscan.io/address/0x8e04Af7F7c76daA9AB429b1340E0327B5B835748
As a reminder, Three Arrows Capital (3AC) is heavily in debt and owes money to 27 different companies, including BlockchainCom, Voyager and Genesis Global, for about $3.5 billion.
Bulk news
❌Ren Protocol may shut down at any moment, taking $15 million of funds remaining on the network with it
What’s unique here is that the project’s team doesn’t know exactly when the network will stop functioning. This is because the wrapped bitcoin-focused project was acquired in February 2021 by the now-collapsed trading firm Alameda Research.
“We don't know exactly when, depends on when infrastructure [shuts] down which we aren't in control of, could be in the next few days, or a week or two, we don't know [at the moment] but trying to figure out,” said Maximilian Roszko, ecosystem advocate at Ren protocol
The network supports tokens wrapped from other blockchains. Chief among them is renBTC, a tokenized version of bitcoin on the Ethereum blockchain.
Bulk news
What’s unique here is that the project’s team doesn’t know exactly when the network will stop functioning. This is because the wrapped bitcoin-focused project was acquired in February 2021 by the now-collapsed trading firm Alameda Research.
“We don't know exactly when, depends on when infrastructure [shuts] down which we aren't in control of, could be in the next few days, or a week or two, we don't know [at the moment] but trying to figure out,” said Maximilian Roszko, ecosystem advocate at Ren protocol
The network supports tokens wrapped from other blockchains. Chief among them is renBTC, a tokenized version of bitcoin on the Ethereum blockchain.
Bulk news
🚨👀 FTX creditors could recover up to 40% of their funds, says Jefferies.
In an interview for The Block, Joseph Femenia – Global Head of Distressed Debt Trading at Jefferies – said there’s light in the tunnel for FTX creditors who could recover between 20% and 40% of their assets.
Described by US prosecutors as “one of the biggest financial frauds in American history,” Femenia estimated that FTX owes between $10 billion and $13 billion to creditors.
Some of the prominent names with exposure to the bankrupt platform are Temasek, Tiger Capital, BlackRock, Thoma Bravo, Sequoia Capital, and more.
@BulkNetworkIntl
In an interview for The Block, Joseph Femenia – Global Head of Distressed Debt Trading at Jefferies – said there’s light in the tunnel for FTX creditors who could recover between 20% and 40% of their assets.
Described by US prosecutors as “one of the biggest financial frauds in American history,” Femenia estimated that FTX owes between $10 billion and $13 billion to creditors.
Some of the prominent names with exposure to the bankrupt platform are Temasek, Tiger Capital, BlackRock, Thoma Bravo, Sequoia Capital, and more.
@BulkNetworkIntl
👀 Unknown wallet moves 200 billion Shiba Inu to cryptocom.
There is a continuous movement of Shiba Inu (SHIB) lately regardless of market conditions, one such is the recent transfer of 200b SHIB tokens valued at $1,744,087 from an unknown wallet.
Information from the Etherscan reveals that the transaction tagged Crypto.com 5, occurred today at 11:11 AM (UTC), to a wallet associated with the CEX Crypto.com.
The recipient wallet has received consistent transfers from several wallets, including Coinbase and DEX Bibox, with a balance of 236,398,272,911 SHIB ($2,061,392).
Though the sending wallet remains unknown, the recent outflow of 200b SHIB emptied the wallet as its current balance is $0.26 worth of ETH tokens.
@BulkNetworkIntl
There is a continuous movement of Shiba Inu (SHIB) lately regardless of market conditions, one such is the recent transfer of 200b SHIB tokens valued at $1,744,087 from an unknown wallet.
Information from the Etherscan reveals that the transaction tagged Crypto.com 5, occurred today at 11:11 AM (UTC), to a wallet associated with the CEX Crypto.com.
The recipient wallet has received consistent transfers from several wallets, including Coinbase and DEX Bibox, with a balance of 236,398,272,911 SHIB ($2,061,392).
Though the sending wallet remains unknown, the recent outflow of 200b SHIB emptied the wallet as its current balance is $0.26 worth of ETH tokens.
@BulkNetworkIntl
👀📈 Bitcoin mining difficulty rises 3.27% in latest adjustment
The Bitcoin mining difficulty level rose 3.27% on Tuesday morning in Asia, as firms continue facing cash shortages due to lower Bitcoin prices and high energy costs.
The mining difficulty reading came in at 35.36 trillion at block height 768,096, 45.7% higher than on Dec. 25 of last year, at 24.27 trillion.
Bitcoin mining difficulty, which determines how much computing power is required to verify blocks on the blockchain in exchange for Bitcoins rewards, changes roughly every two weeks.
@BulkNetworkIntl
The Bitcoin mining difficulty level rose 3.27% on Tuesday morning in Asia, as firms continue facing cash shortages due to lower Bitcoin prices and high energy costs.
The mining difficulty reading came in at 35.36 trillion at block height 768,096, 45.7% higher than on Dec. 25 of last year, at 24.27 trillion.
Bitcoin mining difficulty, which determines how much computing power is required to verify blocks on the blockchain in exchange for Bitcoins rewards, changes roughly every two weeks.
@BulkNetworkIntl
🛎 Catch a small fish 🛎
🛎 Space ID is similar to the Ethereum Name Service in the BEP-20 network.
In Binance investors, which says something. DAO is planned to be launched in 2023.
The Space ID Voyage event is currently taking place, aimed at community development.
Registering a domain from Space ID.
1. Go to the website and register your domain (two steps). The cheapest domain for a period of one year will be about $5-6.
2. After the purchase - profile settings - Set Your Primary Name - select the purchased domain - sign another transaction to select the domain as active.
3. Complete the quest on GALXE and mint NFT SPACE ID Voyage I: Prime.
Difficulty ☆☆☆☆☆
Time ☆☆☆☆☆
$ Cost ★☆☆☆☆
Bulk news | Chat
🛎 Space ID is similar to the Ethereum Name Service in the BEP-20 network.
In Binance investors, which says something. DAO is planned to be launched in 2023.
The Space ID Voyage event is currently taking place, aimed at community development.
Registering a domain from Space ID.
1. Go to the website and register your domain (two steps). The cheapest domain for a period of one year will be about $5-6.
2. After the purchase - profile settings - Set Your Primary Name - select the purchased domain - sign another transaction to select the domain as active.
3. Complete the quest on GALXE and mint NFT SPACE ID Voyage I: Prime.
Difficulty ☆☆☆☆☆
Time ☆☆☆☆☆
$ Cost ★☆☆☆☆
Bulk news | Chat
🛎Checking retrodrops🛎
Two projects at once updated information about retrodrops, who hunted - let's go and check.
🚀Axelar Satellite Winter Fly-By drop for early adopters can be checked here.
Claim from 9 December 17:15 UTC to 24 December 2022 00:00 UTC.
The first 500 unique addresses in each network can receive the reward. Drop per account is 200 tokens (about $90).
🚀Sturdy drop for early adopters can be checked here.
Sturdy lowered the airdrop criteria - users who deposited more than $50 into the liquidity pool before November 21, 2022 will receive a drop.
Bulk news | Chat
Two projects at once updated information about retrodrops, who hunted - let's go and check.
🚀Axelar Satellite Winter Fly-By drop for early adopters can be checked here.
Claim from 9 December 17:15 UTC to 24 December 2022 00:00 UTC.
The first 500 unique addresses in each network can receive the reward. Drop per account is 200 tokens (about $90).
🚀Sturdy drop for early adopters can be checked here.
Sturdy lowered the airdrop criteria - users who deposited more than $50 into the liquidity pool before November 21, 2022 will receive a drop.
Bulk news | Chat
🏄🇺🇸 FTX founder, Sam Bankman-Fried, agrees to extradition to the U.S.
Sam Bankman-Fried may be ready to come to the U.S. to face criminal charges related to the collapse of FTX following a chaotic court appearance in the Bahamas.
A lawyer for Bankman-Fried was quoted saying SBF has agreed to be extradited to the United States, just a week after he said they planned to fight extradition.
Jerone Roberts, a defense attorney for SBF, told The New York Times that; “Mr. Bankman-Fried wishes to put the customers right, and that is what has driven his decision.”
It was not immediately clear when extradition could occur.
@BulkNetworkIntl
Sam Bankman-Fried may be ready to come to the U.S. to face criminal charges related to the collapse of FTX following a chaotic court appearance in the Bahamas.
A lawyer for Bankman-Fried was quoted saying SBF has agreed to be extradited to the United States, just a week after he said they planned to fight extradition.
Jerone Roberts, a defense attorney for SBF, told The New York Times that; “Mr. Bankman-Fried wishes to put the customers right, and that is what has driven his decision.”
It was not immediately clear when extradition could occur.
@BulkNetworkIntl
🛎 Catch a small fish - part 2 🛎
Cosmos Ecosystem developers who created top products such as Chainapsis (Keplr Wallet / Osmosis), Cosmostation and Mintscan, Commonwealth, Skiff are launching Interchain Name Service.
Verification will take place through Twitter-identification to exclude speculations. This phase will last for one year. After that, the second stage will follow with the transition to WEB3 and DAO (which suggests a token).
Link Twitter to a Keplr Wallet for 0.5 OSMO ($0.4) and get 1 personalized domain to all space networks, which looks very convenient.
There is a referral system, so far without rewards or leaderboard.
Difficulty ☆☆☆☆☆
Time ☆☆☆☆☆
$ Cost ★☆☆☆☆
#Activity | Bulk news | Chat
Cosmos Ecosystem developers who created top products such as Chainapsis (Keplr Wallet / Osmosis), Cosmostation and Mintscan, Commonwealth, Skiff are launching Interchain Name Service.
Verification will take place through Twitter-identification to exclude speculations. This phase will last for one year. After that, the second stage will follow with the transition to WEB3 and DAO (which suggests a token).
Link Twitter to a Keplr Wallet for 0.5 OSMO ($0.4) and get 1 personalized domain to all space networks, which looks very convenient.
There is a referral system, so far without rewards or leaderboard.
Difficulty ☆☆☆☆☆
Time ☆☆☆☆☆
$ Cost ★☆☆☆☆
#Activity | Bulk news | Chat
🛎Farming $HIT🛎
PRIMAL is an M2E fitness app that rewards users for exercising and tokenizes how athletes interact with their fans.
A beta version of the app is available today with pre-mining $HIT tokens that can be exchanged for $ENERGY (in-game token).
1. Download the Primal app (Android | IOS);
2. We go through the registration: indicate the mail and Referral Code (without it, the rewards are reduced);
3. Add MM wallet in "Home" section;
App activation code: LOVH1PF1
💰Reward system💰
+4 HIT/day for creating an account
+3 HIT/day for adding a wallet
+8 HIT/day for friends (you can connect multi-accs - use BlueStacks or Nox emulators)
+2 HIT/day for friends of your friends
P.S. The same action took place quite recently at StepApp. Tomorrow we will open the boxes that were given out for such points - let's see what they give.
Difficulty ☆☆☆☆☆
Time ☆☆☆☆☆
$ Cost ☆☆☆☆☆
#Activity | Bulk news | Chat
PRIMAL is an M2E fitness app that rewards users for exercising and tokenizes how athletes interact with their fans.
A beta version of the app is available today with pre-mining $HIT tokens that can be exchanged for $ENERGY (in-game token).
1. Download the Primal app (Android | IOS);
2. We go through the registration: indicate the mail and Referral Code (without it, the rewards are reduced);
3. Add MM wallet in "Home" section;
App activation code: LOVH1PF1
💰Reward system💰
+4 HIT/day for creating an account
+3 HIT/day for adding a wallet
+8 HIT/day for friends (you can connect multi-accs - use BlueStacks or Nox emulators)
+2 HIT/day for friends of your friends
P.S. The same action took place quite recently at StepApp. Tomorrow we will open the boxes that were given out for such points - let's see what they give.
Difficulty ☆☆☆☆☆
Time ☆☆☆☆☆
$ Cost ☆☆☆☆☆
#Activity | Bulk news | Chat
👀⚡OKC (OKX Chain) launches flexible liquid staking.
OKC (OKX Chain), the EVM and IBC-compatible chain backed by OKX, has announced the launch of its Liquid Staking protocol.
It provides a way for OKC users to effectively and flexibly utilize the chain’s native token, OKT, while offering users staking rewards of up to 40% APR.
Liquid staking addresses problems with conventional staking by offering rewards with no minimum token investment requirement and no lock-up period.
Chai Li, Head of Ecosystem Development, OKC, said: “Liquid Staking is a key element of our vision for promoting decentralization and creating more opportunities for OKX users.
@BulkNetworkIntl
OKC (OKX Chain), the EVM and IBC-compatible chain backed by OKX, has announced the launch of its Liquid Staking protocol.
It provides a way for OKC users to effectively and flexibly utilize the chain’s native token, OKT, while offering users staking rewards of up to 40% APR.
Liquid staking addresses problems with conventional staking by offering rewards with no minimum token investment requirement and no lock-up period.
Chai Li, Head of Ecosystem Development, OKC, said: “Liquid Staking is a key element of our vision for promoting decentralization and creating more opportunities for OKX users.
@BulkNetworkIntl
❌Binance: notice of removal of trading pairs
Binance will remove and cease trading on the following trading pairs at 2022-12-27 03:00 (UTC):
Spot Pairs: ANC/BNB, ANC/BTC, ANC/USDT, MIR/BTC, MIR/USDT, TORN/BTC, TORN/USDT, YFII/BTC
https://www.binance.com/en/support/announcement/notice-of-removal-of-trading-pairs-2022-12-27-c76352c9c2c846c997cbf65cfdf77976
@BulkNetworkIntl
Binance will remove and cease trading on the following trading pairs at 2022-12-27 03:00 (UTC):
Spot Pairs: ANC/BNB, ANC/BTC, ANC/USDT, MIR/BTC, MIR/USDT, TORN/BTC, TORN/USDT, YFII/BTC
https://www.binance.com/en/support/announcement/notice-of-removal-of-trading-pairs-2022-12-27-c76352c9c2c846c997cbf65cfdf77976
@BulkNetworkIntl
📈↗️ Retail-owned Bitcoin supply reaches an all-time high.
The share of BTC supply owned by retail investors has reached an all-time high of around 17%, according to Glassnode.
GlassNode defines retail investors as any wallet with less than 10 BTC (US$168,300).
Bitcoin supply was reportedly controlled by just 2% of wallets around two years ago, which invited criticisms of the concentrated ownership of the cryptocurrency.
A rise in retail Bitcoin investors is linked to a rise in the price of BTC, rather than signs of distrust in public institutions, banks, or as an alternative store of value.
@BulkNetworkIntl
The share of BTC supply owned by retail investors has reached an all-time high of around 17%, according to Glassnode.
GlassNode defines retail investors as any wallet with less than 10 BTC (US$168,300).
Bitcoin supply was reportedly controlled by just 2% of wallets around two years ago, which invited criticisms of the concentrated ownership of the cryptocurrency.
A rise in retail Bitcoin investors is linked to a rise in the price of BTC, rather than signs of distrust in public institutions, banks, or as an alternative store of value.
@BulkNetworkIntl
👍1
👀✨Polygon partners with Mastercard and hi to create NFT debit card
Polygon has partnered with the neo banking app hi and Mastercard to introduce a platform that allows users to create a web3-focused NFT debit card.
💳 Holders can spend either crypto or fiat currencies and mint any personal NFT for the cover of their debit card with zero gas fees.
Users must choose a card level of Silver or higher while registering on the hi app to qualify for an exclusive.
Exclusive includes saving on up to 20 digital subnoscriptions, travel advantages, and Spend Rewards.
@BulkNetworkIntl
Polygon has partnered with the neo banking app hi and Mastercard to introduce a platform that allows users to create a web3-focused NFT debit card.
💳 Holders can spend either crypto or fiat currencies and mint any personal NFT for the cover of their debit card with zero gas fees.
Users must choose a card level of Silver or higher while registering on the hi app to qualify for an exclusive.
Exclusive includes saving on up to 20 digital subnoscriptions, travel advantages, and Spend Rewards.
@BulkNetworkIntl
🛎Dusk NFT by Sei Network🛎
Sei Network - L1 blockchain powered by Cosmos SDK optimized for DeFi.
Funding: $5 million from Coinbase Ventures, Delphi Digitals, Multicoin Capital and other investors.
In hopes of a future retrodrop, active users mint Dusk NFT for 30 testnet transactions.
1. Download the Keplr wallet;
2. Connect the wallet to Vortex;
3. Request test tokens in their Discord in the #atlantic-1-faucet branch with the !faucet address command and request UST2 with the !faucet ust2 address command;
4. We make 30 transactions on Vortex or in the wallet, sending tokens to other addresses;
5. Mint NFT.
P.S. We repeat by the number of discords from different IPs.
P.P.S. The number of NFTs is limited.
Difficulty ★☆☆☆☆
Time ★☆☆☆☆
$ Cost ☆☆☆☆☆
#Testnet | Bulk news | Chat
Sei Network - L1 blockchain powered by Cosmos SDK optimized for DeFi.
Funding: $5 million from Coinbase Ventures, Delphi Digitals, Multicoin Capital and other investors.
In hopes of a future retrodrop, active users mint Dusk NFT for 30 testnet transactions.
1. Download the Keplr wallet;
2. Connect the wallet to Vortex;
3. Request test tokens in their Discord in the #atlantic-1-faucet branch with the !faucet address command and request UST2 with the !faucet ust2 address command;
4. We make 30 transactions on Vortex or in the wallet, sending tokens to other addresses;
5. Mint NFT.
P.S. We repeat by the number of discords from different IPs.
P.P.S. The number of NFTs is limited.
Difficulty ★☆☆☆☆
Time ★☆☆☆☆
$ Cost ☆☆☆☆☆
#Testnet | Bulk news | Chat
Sei
Sei | The Fastest EVM Blockchain for High-Frequency Apps | Sei
Build high-frequency applications on Sei, the fastest Layer 1 EVM blockchain. Experience 400ms finality, 200K+ TPS, and ultra-low fees for DeFi, trading, and Web3 apps.
👍1
🎯👮 FTX, Alameda crisis: Caroline Ellison, Gary Wang plead guilty to fraud
FTX’s co-founder, Gary Wang, and the former chief executive of Alameda Research, Caroline Ellison, pleaded guilty to charges that they helped SBF orchestrate a years-long scheme to defraud investors in FTX.
The US attorney, Damian Williams, confirmed that Ellison pleaded guilty to all the charges filed against her in connection with FTX’s collapse.
Additionally, the attorney added that Bankman-Fried was in FBI custody and heading back to the United States.
@BulkNetworkIntl
FTX’s co-founder, Gary Wang, and the former chief executive of Alameda Research, Caroline Ellison, pleaded guilty to charges that they helped SBF orchestrate a years-long scheme to defraud investors in FTX.
The US attorney, Damian Williams, confirmed that Ellison pleaded guilty to all the charges filed against her in connection with FTX’s collapse.
Additionally, the attorney added that Bankman-Fried was in FBI custody and heading back to the United States.
@BulkNetworkIntl
👀⚡Crypto exchange, Binance, dispels FUD of a ‘financial black box'
In a renewed attempt to dispel the “FUD,” Binance released a detailed report which addresses questions from the media and the community.
Though CryptoQuant and Nansen confirmed the existence of customer funds on-chain, one of the accusations against Binance is that it is a “financial black box".
The exchange says it does not have to disclose a detailed financial status for two reasons: first, it is not a publicly traded company; second, Binance is financially autarchic and doesn’t need external funding.
In addition, it has no “intention to go public at this time.”
@BulkNetworkIntl
In a renewed attempt to dispel the “FUD,” Binance released a detailed report which addresses questions from the media and the community.
Though CryptoQuant and Nansen confirmed the existence of customer funds on-chain, one of the accusations against Binance is that it is a “financial black box".
The exchange says it does not have to disclose a detailed financial status for two reasons: first, it is not a publicly traded company; second, Binance is financially autarchic and doesn’t need external funding.
In addition, it has no “intention to go public at this time.”
@BulkNetworkIntl
💹📈 Twitter integrates live market charts for Bitcoin and Ether.
Twitter introduced a new feature that allows users to check the current price (USD) of BTC and ETH by typing the assets’ names or their tickers on the search tap.
The graphics display the logo of the market tracking site Trading View and a link directing to Robinhood.
While BTC and ETH are the only supported digital currencies, Twitter plans to “refine” its user experience and include additional assets in the “coming weeks.”
The chart is an addition to the existing “$Cashtags” option that displays the prices of numerous ETFs or leading stocks.
@BulkNetworkIntl
Twitter introduced a new feature that allows users to check the current price (USD) of BTC and ETH by typing the assets’ names or their tickers on the search tap.
The graphics display the logo of the market tracking site Trading View and a link directing to Robinhood.
While BTC and ETH are the only supported digital currencies, Twitter plans to “refine” its user experience and include additional assets in the “coming weeks.”
The chart is an addition to the existing “$Cashtags” option that displays the prices of numerous ETFs or leading stocks.
@BulkNetworkIntl