Good morning, beautiful people,Do you ever dream of having a time machine...not to change anything, just to check the charts?

88 mph achieved...let's go!

• 🎮 FTX's Bet

• 🔓 Fantom's Fail

• 📜 Taxing Times Ahead

🎮 FTX's $100M 'League' Gamble Revealed

FTX once ruled the crypto realm, and like a player splurging virtual gold in a game, it dangled shiny sponsorships everywhere.

One particular gem? A whopping $100 million deal with Riot Games for sponsoring its 'League of Legends' Championship Series.This tidbit comes straight from the treasure trove of court documents in the ongoing Sam Bankman-Fried saga.Ah, the gift that keeps giving!But there's a twist! The numbers weren't public knowledge till this trial. Doing the math, Riot was set to bag a cool $12.8 million this year from FTX. 💰

Yet, one wonders, did FTX pay its dues before its unceremonious game-over (read: bankruptcy) in 2022?The jury's literally still out. Meanwhile, Bankman-Fried, FTX's ex-CEO, surely won't forget 'League of Legends' any time soon.After all, who can resist multitasking with it during official calls? 🕹️📞Sarcasm? Maybe a tad.

🔓 Fantom's $7M Disappearing Act Exposed

Fantom Foundation, often in the spotlight as Ethereum's rival, recently took a different kind of limelight – and not the kind any foundation wants.

They've reportedly been hacked, losing Ethereum and Fantom tokens faster than a magician's "now you see it, now you don’t" trick.The numbers? Their wallet "20" lost roughly $470,000 in FTM, and Wallet 18 said goodbye to about $187,000 in ETH. 📉

If that wasn't eyebrow-raising enough, online analyst Spreek waves the red flag, estimating the total loss at a staggering $6.7 million!🚩Ouch! 😱

But wait, there's more. CertiK Alert, playing the role of blockchain Sherlock Holmes in this plot, handed out the attacker's Ethereum address, holding around $7 million.As we step back and gaze at the crypto-verse, a whopping $889.26 million vanished in Q3 2023 alone.Fantom's heist? It's, sadly, just another drop in this overflowing bucket. 🎩✨Whether it is from an organization like Fantom, or the pockets of Joe Bloggs down the street...this is why we need regulation: protection for investors! 

📜 EU Unveils Crypto's New Rulebook

Step aside, paper money! The EU is tightening its grip on the "wild west" of digital coins.

Cryptocurrency firms in the EU will now play "show and tell" with customer holdings, revealing more than just their love for shiny digital treasures.This info, ranging from stablecoins to the artsy non-fungible tokens (NFTs), will automatically land on the desks of tax authorities, a move some might call the European Union’s version of peek-a-boo. 🕵️Death and Taxes folks....

This tax directive dubbed the "Eighth Directive on Administrative Cooperation" (DAC8 for the cool kids), was introduced last December.And, like that sudden guest who turns up after sending an invite, this directive will be official 20 days post its feature in the EU’s Official Journal.

But here's the twist - the exact publication date remains a mystery! 🕰️Word on the street is that it's to gel with the Markets in Crypto-Assets (MiCA), the EU's roadmap for digital currency regulations.With the new game rules in place, it looks like it’s time to "level up" for crypto players! 🎮📈When the taxman starts taking his chunk more easily....you watch governments start embracing it!!

DailyCoin Daily Meme

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