2024-05-01

May 01, 2024

Howdy folks,

Bitcoin retail investors are buying the dip while whales are stepping back.

Glassnode data shows that small account holders have increased their BTC holdings as whales reduce theirs. Analysts suggest retail interest is reviving, supported by increasing Google search trends.

This signals a fairer distribution among holders, though whales' actions may indicate a predicted short-term price decline.

In other news:

💻 North Korea’s Lazarus Group has laundered $200 million in crypto, using advanced techniques to obscure their stolen funds.

On-chain investigator ZachXBT has revealed that the hackers use Tornado Cash and other services to mix funds, then move them to less regulated platforms for conversion into fiat.

Notably, China-based OTC trader Wu Huihui has been indicted for facilitating payments for North Korea.

🟠 Solana (SOL) has dropped by 16.56% in seven days, reflecting a broader crypto downturn.

Technical indicators show a bearish trend, with most signaling sell actions.

Congestion issues continue to plague the network despite recent updates, impacting Solana’s performance and raising concerns for long-term adoption, particularly in the DeFi and NFT sectors.

🌌🔍 MilkyWay has secured $5 million in a seed funding round co-led by Binance Labs and Polychain Capital.

MilkyWay, the first liquid staking protocol for Celestia’s modular ecosystem, will use the funds to fuel its innovation efforts, including collaborations and launching its own token, MILK, later this year.

Yi He, Binance Co-Founder, expressed support for the project’s growth and its contributions to Celestia's ecosystem.

DailyCoin Daily Meme

Here’s How Year-Long ETH Security Status Probe Paints the SEC Into a Corner

A recent filing from ConsenSys has brought to light polarizing new details about the SEC's ongoing ETH probe, calling into question the agency's integrity.

Binance Exec Nadeem Anjarwalla Who Fled Nigerian Detention Will Be “Smoked Out”: Interpol VP

A high-ranking Interpol official has asserted that the body is confident it will bring Binance's Nadeem Anjarwalla to book in Nigeria.

Samourai Founder Pleads Not Guilty to Money Laundering Charges, Placed Under House Arrest Post-Release on $1M Bond

Samourai Wallet’s Keonne Rodriguez has contested the DOJ’s charges with an innocence plea, securing bail for $1 million.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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