Author: Rea K.

U.S. law enforcement officials have detained Robert Robb, a notable MEV engineer also known by his alias “pokerbrat”. The arrest, executed by the Henderson Police, took place on March 20, though the exact reasons behind this action remain undisclosed to the public. On-chain investigator ZachXBT has suggested that this event may link to accusations of Robb’s involvement in a prior fraudulent scheme. ZachXBT had previously shed light on Robb’s activities in December 2023, accusing him of defrauding investors of over $1.2 million through a fake Miner Extractable Value (MEV) bots project. Robb had convinced eleven individuals to invest, promising operational…

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AirDAO encountered a significant theft. Hackers managed to extract 126.5 Ethereum (ETH) and 41.61 million AMB tokens. This incident marks a substantial setback for the blockchain platform, emphasizing vulnerabilities within digital asset security protocols. Incident Overview On March 21, AirDAO took to X, a social media platform, to announce the unauthorized access and subsequent theft from its AMB/ETH Uniswap liquidity pool. The theft resulted in the loss of 35.2 million AMB tokens along with 125.51 ETH. The attack method remains unclear, yet AirDAO identified it as a sophisticated social engineering scheme. The attacker purportedly sent an email laden with malicious…

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Coinbase has unveiled its ambitious plan to introduce futures trading for Dogecoin, Litecoin, and Bitcoin Cash. Targeting an early April launch, the exchange communicated its intentions to the United States Commodity Futures Trading Commission (CFTC) on March 7. Coinbase Derivatives is set to offer cash-settled futures contracts for these select cryptocurrencies, aiming to secure a green light through a self-certification process. This process ensures compliance with CFTC regulatory standards, paving the way for Dogecoin futures trading to begin as soon as April 1, 2024. Market Response and Regulatory Implications The crypto community responded positively to the announcement, with notable surges…

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A ruling on March 18 by Judge Robert J. Shelby penalized the Securities and Exchange Commission (SEC) for its conduct against Debt Box. The firm faced accusations from the SEC of orchestrating a cryptocurrency scheme worth $50 million. The court accused the SEC of misusing its power and compromising judicial integrity by misrepresenting facts in its lawsuit against Debt Box. In an effort to secure a temporary restraining order and freeze the assets of Debt Box, the SEC misrepresented facts. The agency claimed the company had moved $720,000 overseas and intended to relocate to the United Arab Emirates, potentially moving…

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In a step toward compliance with the European Union’s upcoming Markets in Crypto-Assets (MiCA) regulation, OKX, a leading cryptocurrency exchange, announced the discontinuation of trading pairs with Tether (USDT) within the European Economic Area (EEA). The MiCA regulation, poised to reshape the landscape of crypto trading and stablecoin issuance in the EU, introduces stringent requirements for stablecoin providers. OKX’s decision comes as a proactive measure to align with these new standards before their full implementation on December 30. MiCA targets to enhance transparency and security in the crypto market, with a keen focus on stablecoins like USDT. Although USDT itself…

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Leading cryptocurrency exchanges HTX, Bitget, and BingX have pledged to support the Slerf token community. This decision comes after an unfortunate event where a developer mistakenly destroyed $10 million worth of the token. These platforms plan to contribute trading fee proceeds from Slerf transactions to aid those affected by this mishap. HTX, previously known as Huobi, took the lead in this initiative. Crypto influencer Justin Sun declared HTX’s intention to contribute trading fees from the private sale of Slerf tokens on their platform. Additionally, HTX promises to offer some of its own tokens to support Slerf’s trading fee mining, enhancing…

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Galaxy Digital Holdings’ sector focused on institutional investments, Galaxy Asset Management, has hit a new high by reaching over $10 billion in Assets Under Management (AUM) as of February 29, 2024. The division attributes this success to the increasing interest from institutional investors in digital assets. Mike Novogratz, the CEO of Galaxy Digital, shared the news on March 19 via X, highlighting the company’s commitment to expanding access to the digital economy.   Over the past twelve months, Galaxy Asset Management’s AUM has more than tripled. This growth stems from a mix of investment strategies, including passive, active, and venture investments.…

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BonkBot, a Telegram-based trading bot focusing on a Solana-based memecoin, has shattered expectations. It now boasts a daily trading volume surpassing $250 million. This achievement places it ahead of the trading volumes on Coinbase’s Base chain, signaling a potential peak in the memecoin craze. BonkBot’s impressive performance, with $251 million in daily trades and generating nearly $1.4 million in fees, comes from its focus on BONK. BONK is a meme coin rooted in the Solana blockchain. This comparison shines a light on BonkBot’s success, as it now outpaces the Base sidechain, a product of Coinbase, which sees about $212 million…

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London is gearing up for a major influx of crypto exchange-traded products (ETPs), igniting excitement among leading crypto ETF providers. The Financial Times has disclosed that giants in the financial sector, such as CoinShares, WisdomTree, and the ETC Group, are keenly exploring opportunities to list their products on the London Stock Exchange (LSE). This move comes as the Financial Conduct Authority (FCA) eases regulations, marking a pivotal shift in the market. Despite this progress, the FCA maintains a restriction that only allows professional investors to access these crypto ETPs on the LSE. This decision has sparked debate, with many industry…

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The creators of Slerf, a new memecoin on the Solana blockchain, mistakenly destroyed $10 million in SOL tokens. This fund, gathered from early backers during the presale phase, was intended for liquidity provisions and an upcoming airdrop. The incident occurred due to a misstep during token management operations. A Misstep with Major Consequences The blunder took place on March 18, when an attempt to eliminate a portion of the tokens via Solana’s online tools went awry. The mishap led to the deactivation of the coin’s creation ability. This error left investors empty-handed, as they were unable to receive the SLERF…

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