Binance's CZ Wanted?
Yesterday’s Market Moves
BTC
ETH
S&P
$20821 |
+ 14,84%
$1528 |
+ 9,25%
$3,928 |
- 0,09%

Hello, Rebel!

Welcome to April and Q2, 2023. This month, we are excited and hopeful for positive vibes only. Q1 signalled a strong start to the year, and crypto lovers are hoping that sooner, the bear will finally give way to the bull.

Without giving away too much, here are the stories in today’s issue;

Let’s get to business!

Read the full issue to find out
Market

                                                                                7-Day Market Moves

In the past 24 hours, BTC dipped by 1.20% but still maintained its gain of over 3% in the past 7 days. ETH also maintained its pump of over 5%.

Following Elon Musk's move to change the Twitter icon to a Japanese Shiba Inu and his filing in court to dismiss a US$258 billion lawsuit charging him with price manipulation, Dogecoin saw an 18.51% surge.

In Other News,
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COIN WATCH

                                                  Listings

It has been a busy week for the major exchanges. Yesterday, 10 new coins were listed on Gate.io. See them here.

                                             Ongoing ICO

                                           Upcoming ICO

In Other News,
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HEADLINE

Red Notice Alert for CZ?

TL: DR

  • Word on Crypto Twitter is that CZ is wanted by Interpol.
  • A company spokesperson has dismissed the rumours.
  • The news tanked the BNB token and further disrupted the market.

Binance and CZ are very much still in the eye of the storm.

The company has denied rumours that its CEO, Changpeng Zhao, is facing a Red Notice request from Interpol. The rumour, which spread on Twitter, caused a significant drop in the price of Binance's BNB token as well as the broader cryptocurrency market.

This is not the first time that Binance has come under scrutiny from regulators. The Commodities Futures Trading Commission (CFTC) announced last month that it was taking civil enforcement action against the exchange for violating the Commodity Exchange Act and other CFTC regulations. These latest rumours have added to the challenges that Binance is facing, and have once again highlighted the vulnerability of the cryptocurrency market to rumours and speculation.

In other news,

  • The side effects - Binance sees a dramatic drop in market share. Read more.
  • Former Gemini execs launch tokenized T-Bill vault OpenEden. Read more.
  • S&P Global is setting its sights on DeFi. Read more.
In Other News,
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AI

Midjourney can still generate images of world leaders, But Not President Xi Jinping

TL: DR

  • The platform prohibits the use of Chinese President Xi Jinping's name in a prompt
  • CEO David Holz said the company wants to minimize drama

We have gushed over AI-generated photos of the Pope spotting impressive papal drips, and almost fell for the fake photos of the Trump arrest, but a certain world leader won’t be having his AI feature just yet.

Midjourney, a generative AI platform, has banned users from creating images of Chinese President Xi Jinping, citing concerns over censorship and political satire.

Critics argue that the ban undermines free speech and expression, and may set a precedent for other countries to follow. Midjourney CEO David Holz defended the decision, stating that the greater good is allowing Chinese people to use the technology rather than encouraging political satire. However, Sarah McLaughlin, Senior Scholar at the Foundation for Individual Rights and Expression (FIRE), believes that the restrictions may ultimately lead to China blocking access to the platform.

In other news,

  • An AI will help with the commentary for the Golf Master Tourney. Read more.
  • This is what Satoshi could possibly look like according to AI. Read more.
  • According to a new study, people from Emerging countries are more likely to trust AI. Read more.
In Other News,
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NFT

Yuga Labs Bejewelled in Gucci

TL: DR

  • Luxury Fashion House, Gucci is partnering with NFT maker, Yuga Labs.
  • The partnership will birth new physical Gucci products and associated NFTs.
  • Sale of the products will begin on Thursday, April 6.

Luxury fashion house Gucci has partnered with Yuga Labs, to release a limited-edition series of physical Gucci products and associated NFTs tied into the lore of Otherside, Yuga’s long-awaited ape-themed metaverse game.  

The first "Relic" to be released via Yuga’s collaboration with Gucci will be the KodaPendant, an NFT representing both a physical piece of jewellery and a nonfungible token that will unlock numerous perks within the Otherside metaverse.

Exactly 3,333 KodaPendants will be made available for sale beginning on Thursday, April 6, at 6:00 pm EST.

This is not the first time a high-profile NFT company has collaborated with a luxury fashion brand to create rarified physical goods tied to digital ownership. Last year, CryptoPunks, which is also owned by Yuga, joined forces with Tiffany & Co to create a limited-edition series of 250 gold, ruby, and diamond necklaces, each modelled in the likeness of purchasers’ unique CryptoPunk NFT avatars. The necklaces, which cost $51,000 each, sold out instantly, and Cryptopunk trading volume soared in the process.

In other news,

  • Trump NFTs drop by 20% following indictment case.
  • FIFA just launched an AI-football simulation game that will eventually ship NFT integrations. Read more.
  • OKX launches a metaverse training session with Man City star Rúben Dias. Read more.
In Other News,
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REGULATIONS

Japan Warns Several Foreign Crypto Exchanges

TL: DR

  • The Japanese regulator has flagged 4 crypto exchanges for operating with proper registration.
  • The FSA has introduced new regulations for crypto exchanges.
  • Unregulated cryptocurrency exchanges are facing greater regulatory scrutiny.

Japan's Financial Services Agency (FSA) has recently released a warning letter stating that several foreign cryptocurrency exchanges, including Bybit, MEXC Global, and Bitget, have been operating in the country without proper registration, violating Japan's fund settlement laws.  

This regulatory action is part of Japan's ongoing efforts to crack down on unregistered crypto exchanges and promote a safer and more transparent industry. The FSA has introduced new regulations requiring crypto exchanges to register with the agency and obtain a licence to operate in Japan. It has also made it clear that unregulated cryptocurrency exchanges are facing greater regulatory scrutiny due to concerns about fraud, money laundering, and market manipulation.

Although Japan is working on new regulations for the crypto and Web3 sectors, it has not yet imposed strict regulations like other larger economies, such as the United States.

In other news,

  • Bittrex pulls out of the US, citing tough regulations. Read more.
In Other News,
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Quiz Answer
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