DeadAce

The U.S. Department of Justice (DOJ) announced on May 23 that it seized cryptocurrencies worth over $24 million from a Russian citizen accused of developing and operating the Qakbot malware.

An unsealed federal indictment identifies Rustam Rafailevich Gallyamov (48) from Moscow as the chief developer of Qakbot. Gallyamov now faces federal charges for allegedly leading a global cybercrime group that infected computers with malware and facilitated extensive ransomware attacks.

According to the Department of Justice, Gallyamov created and controlled the malware since 2008 and later used it to infect thousands of computers worldwide. These infected systems were subsequently used to build a botnet that became a platform for large-scale ransomware attacks.

Gallyamov is accused of providing access to this botnet to other cybercrime groups. These groups then deployed ransomware strains such as REvil, Conti, Black Basta, and Cactus. In return, Gallyamov allegedly received a share of the ransom.

What do you think about this?

#HackerNews $BTC

Some of the largest American banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are exploring potential partnerships to issue a shared stablecoin.

The Wall Street Journal reported on Thursday that if the initiative proceeds, it would mark a significant step for traditional financial institutions into the digital currency space, where cryptocurrency-based firms have so far led the way.

Consortium discussions have reportedly involved entities such as Early Warning Services, the company behind Zelle, and the Clearing House, which operates a real-time payment system used by many large banks.

What do you think about this?

$BTC #CryptoBank

Trump accused of selling access through cryptocurrency ties.

The meeting took place just hours before a private dinner scheduled to be held at Trump's residence. Entry was reportedly limited to 220 top buyers of the meme coin with total purchases exceeding $150 million. Participants had exclusive access to the president, although their identities remain undisclosed.

Senator Chris Murphy (Democrat from Connecticut) called the dinner "essentially opening a channel for bribery." He expressed concerns that anonymous investors are buying access to the president without public accountability.

"If you buy his coin, you get secret access to the president to make your case," Murphy said, warning of possible involvement of sanctioned individuals or foreign actors.

Senator Elizabeth Warren (Democrat from Massachusetts) described the event as an "orgy of corruption." She outlined a pattern of actions taken by the administration in line with Trump's personal crypto interests, including the dissolution of the Department of Justice's cryptocurrency enforcement unit and changes at the Securities and Exchange Commission (SEC).

#TRUMP $TRUMP

Nine out of ten of the largest Russian cryptocurrency mining companies reported positive revenue growth last year.

The Russian cryptocurrency mining sector continues to grow, according to new data, with the two largest firms in the country – BitRiver and Intelion – achieving revenues of 200 million dollars in the fiscal year 2024.

The data was collected and published by the Russian media company RBC and shows that BitRiver and Intelion controlled more than 50% of the market.

Intelion's growth rate was also remarkable, as the company increased its revenue by 3,948 million rubles (50,000 dollars) compared to data from 2023.

BitRiver and Intelion continue to dominate the Russian market.

$BTC

The company OKX launched Aptos DeFi on Thursday with the launch of xBTC, a fully collateralized wrapped version of Bitcoin, unlocking free liquidity across chains for the network's ecosystem valued at 1 billion dollars.

XBTC, backed at a 1:1 ratio by BTC held in custody by OKX, allows users to access Bitcoin liquidity in the Aptos ecosystem without paying minting or buyback fees.

#xbtc

Binance announced the 70th project on Binance Launchpool - Huma Finance (HUMA),
$HUMA is a PayFi network that accelerates cross-border and card payments with instant access to liquidity.

Users will be able to lock their $BNB , FDUSD, and USDC to receive HUMA airdrops for a duration of 3 days, with farming starting from 2025-05-23 00:00 (UTC).

2.5% (250M HUMA) of the total supply will be offered on the platform (mostly for BNB stakers). Binance will launch HUMA on May 26 at 13:00 (UTC) with an applied seed tag.

#BinancelaunchpoolHuma $BNB #BinancePizza

Binance Alpha announced that it will be the first platform to introduce Huma Finance (HUMA), with trading set to begin on May 26, 2025. The exact launch time will be confirmed closer to the launch date through official Binance channels.

$BNB

A federal jury in the Eastern District of New York on May 21 convicted former SafeMoon CEO Braden Karony of conspiracy to commit securities fraud, electronic transfer fraud, and money laundering after a 12-day trial that began on May 5.

He now faces up to 45 years in prison and forfeiture of illegally obtained profits.

Prosecutors claim that Karony and his co-conspirators traded SafeMoon tokens at the market's peak, funneled the proceeds through private wallets, and that Karony made over $9 million to purchase homes and luxury cars.

#safemoon

The planned departure of Kristin Johnson is already the fourth departure of a commissioner in a few weeks and signals a significant shift in the leadership of the CFTC under the returning Trump administration.

The company Strategy, which manages corporate reserves in bitcoin (BTC), is purchasing the cryptocurrency at a rate that exceeds the current pace of mining issuance. According to the CEO of CryptoQuant and market analyst Ki Young Ju, this causes bitcoin as an asset to exhibit an annual deflationary rate of -2.33%.

Their 555,000 BTC is illiquid and there are no plans for its sale, Ju stated in a post on X on May 10.

Michael Saylor, co-founder of Strategy, is a vocal advocate for bitcoin and has long promoted this digital currency as a scarce asset. His stance has inspired hundreds of companies to adopt the "Bitcoin Treasury Strategy" – a model where companies hold BTC as part of their reserves.

$BTC #btc

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David Sacks, co-founder of PayPal, collaborated with Musk and Thiel and invested in their companies SpaceX and Palantir.

In this important role, David will lead the administration's policy on artificial intelligence and cryptocurrencies, which are two areas critical to the future of American competitiveness," Trump stated in a post on Truth Social. "David will focus on making America a clear global leader in both areas."

$BTC

$BTC $BTC Bitcoin is hovering around 105,000 USD, an analyst has identified a historical pattern that could propel the cryptocurrency to a new all-time high in the coming weeks.

Other milestones could be levels of 114,000 USD, 124,000 USD, and finally 134,000 USD.

What is your opinion?

Will you help me solve the puzzle?

The price of JasmyCoin has risen in the last three days and reached a high of $0.04. However, the value of the token dropped to $0.034 as a huge amount of JASMY coin was transferred to Binance.

According to Spot on Chain, the DWF lab has deposited millions of JASMY tokens on exchanges over the past three days.

DWF Labs' cumulative deposits on Binance over the past three days have reached 97 million JASMA. It is a popular token worth around $3.3 million.

While the market maker still holds approximately 24 million JASMA worth $841,000, the price of the token has dropped each time the company has listed the tokens on the cryptocurrency exchange.

DWF Labs' liquidation of such a significant token package contrasts with the interest in memecoins. The company recently revealed its interest in adding meme coins to its portfolio.

$JASMY

📢 Binance has decided to remove and cease trading on all spot and margin trading pairs for the following tokens on 2024-06-17 03:00 (UTC):

OmiseGO (OMG) $OMG
Waves (WAVES) $WAVES
Wrapped NXM (WNXM) $WNXM
NEM (XEM)

The exact trading pairs to be removed are: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, XEM/USDT

Withdrawals of these tokens from Binance will not be supported after 2024-09-17 03:00 (UTC).

$NOT has seen a significant increase in value in the last 24 hours. This increase took the altcoin above the $0.0215 mark, indicating an uptrend. 

Notcoin is currently priced at $0.0215, up 24% in the last 24 hours. The market cap is $2.1 billion and the 24-hour trading volume is $4.5 billion. NOT also saw a 208% increase in trading volume, the circulating supply remains at 102.72 billion Notcoins, reaching 195% of its total supply.

This surge follows a historic increase of around 19%, making Notcoin one of the fastest appreciating assets in the cryptocurrency market.

$NOT

Donald Trump receives financial support from many quarters and his portfolio of digital assets is already worth over $14 million. Trump's cryptocurrency wallet address contains several memecoins worth more than $10 million,

Most often, these are tokens related to his character, the prices of which have increased significantly recently. This includes: o MAGA, BABYTRUMP or CONAN, In one day his presidential campaign received donations amounting to 53 million dollars.

Supporters of digital assets believe that his victory will put an end to the pathological actions of the US SEC against entities in this industry, it will finally be clearly regulated and its participants will not be burdened with the colossal taxes proposed by his opponent.

Joe Biden has already completely ruined his chances of improving his reputation in the eyes of the sector after he vetoed a key bill on Friday to change controversial regulations set by the SEC.

The aging politician thus sent a clear message that he does not care about good relations with the digital asset industry.

$BTC $SOL $USDC

The founder of Binance, Changpeng Zhao, reportedly arrived at a low-security federal prison in Lompoc, California, to begin a four-month sentence.

After his conviction, Zhao outlined his future plans and stated that after serving his sentence, he intends to return to the cryptocurrency industry and focus on maintaining his existing crypto holdings and engaging in passive investing.

He further emphasized that the period following his guilty plea marked a "new phase for the cryptocurrency industry," highlighting the importance of regulatory compliance and adherence among players in this space.

$BNB