Crypto Market Daily Review ☀️

The market is down. Market cap is $2.39T. Bitcoin is trading at $64.1K

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EU votes to ban anonymity for crypto and increase monitoring of users.

The bill passed by the European Parliament will force crypto firms to collect more data on users and their transactions, enforce stronger monitoring of non-custodial wallets, and ban tools bolstering anonymity such as crypto mixers and privacy tokens.

https://www.dlnews.com/articles/regulation/eu-parliament-passes-anti-money-laundering-bill/

After negative feedback about the drop, Renzo changed the tokenomics, increasing the airdrop for the community.

Snapshot & Claim Timeline:
▫️Snapshot date remains on April 26th, 2024
▫️Claim date is changing to April 30th, 2024 (1 hour before Binance listing)

Tokenomics Update:
▫️Community: Total increasing from 30% to 32%
▫️Total Airdrop allocation increasing from 10% to 12%
▫️Season 1 increased from 5% to 7% total supply
▫️(2% increase is coming from Liquidity (MMs) & Foundation)
▫️Season 2 allocation remains at 5% total supply

Airdrop Eligibility:
▫️Minimum qualification is 360 ezPoints per wallet
▫️Majority of all eligible wallets, greater than 99%, are fully unlocked at TGE
▫️Wallets with more than 500k ezPoints will unlock 50% at TGE with the remainder now vesting linearly over 3 months

https://twitter.com/RenzoProtocol/status/1783277589525594231

The Mocaverse (MOCA) public sale has started on CoinList.

▫️ Sale Period: Apr 25 00:00 UTC - May 2 00:00 UTC
▫️Token Allocation for Launch: 126,984,127 MOCA
▫️Price: $0.03938
▫️FDV: $350,000,000.00
▫️Vesting: 5% unlock at TGE, on or around May 24, 2024, followed by a 3 month cliff period with a 52-week weekly linear release
▫️Minimum Purchase Amount: $100

https://twitter.com/MocaverseNFT/status/1783285052488777936
https://coinlist.co/moca

Founders and CEO of cryptocurrency mixing service arrested and charged with money laundering and unlicensed money transmitting offenses.

Keonne Rodriguez and William Lonergan Hill are charged with operating Samourai Wallet, an unlicensed money transmitting business that executed over $2 billion in unlawful transactions and laundered over $100 million in criminal proceeds.

https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering

GuildFi launched a portal for GF -> ZENT token migration.

Your tokens will be converted at a 1:10 ratio.

https://guildfi.com/migration

Forgotten Playland has announced HyperPlay as its official launch partner for Forgotten Playland.

Launch date: April 25th, 14:00 UTC

https://twitter.com/ForgotPlayland/status/1783133797778706513

Binance has announced the first project on Binance Megadrop - BounceBit (BB).

Users can start participating in the BounceBit Megadrop from 2024-04-26 00:00:00 UTC.

Binance will then list BounceBit (BB) at 2024-05-13 10:00 UTC and open trading with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY trading pairs.

Web3 Quest 1: “Stake 0.0001 BTCB to BounceBit”

BounceBit Megadrop Details:
▫️Token Name: BounceBit (BB)
▫️Max Token Supply: 2,100,000,000 BB
▫️Megadrop Token Rewards: 168,000,000 BB (8% of max token supply)
▫️Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply)
▫️Smart Contract Details: BounceBit
▫️User Eligibility: KYC required in eligible jurisdictions
▫️Hard Cap per User: 1,344,000 BB
▫️Rewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
▫️Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount x 130) + (Average 90-day BNB Locked Amount x 120) + (Average 60-day BNB Locked Amount x 110) + (Average 30-day BNB Locked Amount x 100)
▫️Web3 Quest Multiplier: 1.5
▫️Web3 Quest Bonus: 1,000

https://www.binance.com/en/support/announcement/bouncebit-bb-megadrop-is-now-open-subscribe-to-bnb-locked-products-or-complete-web3-quests-to-participate-a0a11e79467e4ee6a937348005f7c84f

Chris Langalis' notebook with the inscription ‘Buy Bitcoin’ was sold for 16 BTC ($1M) in the auction.

https://twitter.com/harry_forj/status/1783355527159783840

Crypto Punk #635 sold for 4,000 ETH (~$12.41 million).

https://cryptopunks.app/cryptopunks/details/635

MicroStrategy could merit S&P 500 inclusion if it adopts new accounting rules.

The FASB issued guidance in December last year that allows companies that hold digital assets on their balance sheet to measure them at fair value, and record changes in fair value in net income in each reporting period. The new rules become effective as of Jan. 1, 2025, but early adoption of the standard is allowed.

https://www.coindesk.com/business/2024/04/25/microstrategy-could-merit-sp-500-inclusion-if-it-adopts-new-accounting-rules-benchmark/

Immutable is launching crypto gaming rewards program worth $50 million.

https://www.theblock.co/post/290940/immutable-launching-crypto-gaming-rewards-program-worth-50-million

⚡️ ~$4.6M SOLD OUT in 3 minutes at the Sophon project! ⚡️

The ICO Drops community just closed a ~$4.6M node sale round at the Sophon project in a record 3 minutes. Drops Ventures, Sophon, Merit Circle, Impossible Finance a partnership that’s breaking records!

XION launches first user-friendly Chain Abstraction solution, starting with Injective.

https://x.com/burnt_xion/status/1783496448417345566
https://x.com/injective/status/1783496528490795174

Movement, the first Move-EVM L2 on Ethereum, has raised $38M in a Series A funding round led by Polychain Capital.

Investors: Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs.

https://x.com/movementlabsxyz/status/1783511681928175791

Coinbase will add support for Aevo, Ethena, and Etherfi perpetual futures on Coinbase International Exchange and Coinbase Advanced.

The opening of our AEVO-PERP, ENA-PERP, and ETHFI-PERP markets will begin on or after 9:30 UTC on 2 MAY 2024.

https://twitter.com/CoinbaseIntExch/status/1783526225853534342

Consensys filed a lawsuit against the Securities and Exchange Commission.

The company wants a federal court to declare that ETH is not a security.

https://twitter.com/Consensys/status/1783562212667453837
https://www.coindesk.com/policy/2024/04/25/consensys-sues-sec-over-unlawful-seizure-of-authority-over-ethereum/

The venture firm Pantera Capital wants to raise $1 billion for a new crypto fund.

Pantera Fund V, as its called, would focus on startup equity, early-stage tokens and liquid tokens among others assets.

https://www.theblock.co/post/291035/pantera-capital-1-billion-new-crypto-venture-fund-pantera-fund-v

The first satoshi mined from the fourth Bitcoin halving block — has been sold at the auction for $2.13M.

https://twitter.com/Cointelegraph/status/1783648287834411051

Heroes of Mavia: “All other token allocation categories will see an 80% reduction in emissions until February 2025.”

https://x.com/maviagame/status/1783642533098311975