Wise Advice By Sumit Kapoor Profile picture
Jun 11 11 tweets 12 min read Twitter logo Read on Twitter
In #Crypto, everything happens at lightning speed, and sometimes we miss very important news that could affect our portfolio.
 
So, here is a list of all the important news of the past week, which I have compiled 📰🗞️
 
🧵👇

#CryptoNews #cryptocrash Image
🚨Nigeria regulator says local Binance operations 'illegal'.

🔔 #TUSD temporarily stopped issuing TUSD through Prime Trust.

🔔 #Robinhood will no longer support #Solana, #Polygon and #Cardano after June 27, 2023.
💥 #OKX burns 5.5 million #OKB exchange tokens — worth roughly $244 million.

🔔 Binance_US suspends all USD deposits following SEC lawsuit.

💥 #Kraken launches its NFT marketplace on #Polygon.
🔔 Over 1 million wallets deployed smart contracts on Base’s test network during the Builder Quest period.

🔔 SEC Chair Gensler Offered to Serve as Binance Advisor in 2019, as per court filing.

🔔 #Arbitrum temporarily stopped processing due to software bug.
🚨 US District Court issued summons for Binance CEO Changpeng Zhao over SEC action.

🚨Binance.US removed select advanced trading pairs on June 8th.

🔔 https://t.co/AyFd085tZW Lost $181 Million Last Year, Court Filings Show. Image
💥 #Optimism (OP) completes a major network upgrade “Bedrock”, reducing deposit times, layer-1 fees.

🇸🇬 #Circle receives a digital token license in Singapore.

🔔 #AAVE prepares to launch GHO stablecoin on Ethereum mainnet.
🔔 #SEC files motion to freeze cryptocurrency held by Binance US

🔔 Gary Gensler says 'we don't need more digital currency' after Coinbase, Binance lawsuits. He added that the U.S. dollar, euro and yuan are all already digital.
💥 Binance NFT marketplace now supports #Bitcoin NFTs.

🚨 SEC now sues #Coinbase and alleged the following coins are securities in Coinbase lawsuit.

#SOL, #ADA, #MATIC, #FIL, #SAND, #AXS, #CHZ, #FLOW, #ICP, #NEAR, #VGX, #DASH, and #NEXO ImageImage
💥 #Illuvium partners with #GameStop to debut a 20,000 #NFT collection starting June 12.

🔔 Binance Plans To Fight ‘To the Full Extent of the Law’ Following SEC Charges.

🚨 #SEC sues #Binance and #CZBinance for breaking US securities rules.
🔔 #Ethereum co-founder Jeffrey Wilcke transfers $41 million in #Eth to address on #Kraken for the first time in 29 months.

🔔 Do Kwon's $428K bail request in fake passport case approved by Montenegro court.

🔔Apple launches its $3,499 virtual reality headset: #AppleVisionPro
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More from @sumitkapoor16

Jun 12
Newbies are making over $10,000 worth of free money through #Airdrops 💸🤑

A simple guide to spot a major airdrop before the masses so that you can make life-changing money and be the next #Cillionaire

A thread 🧵 👇 Image
I will cover 2 things in this thread:

1️⃣ How to find potential airdrop projects before everyone else.

2️⃣ Guide to these airdrops.
1️⃣ How to easily find the projects that could potentially do an airdrop.

1. You can use @DefiLlama to find projects with airdrop potential.

👉 Click on this link, and you will get to the Airdrops tab.

defillama.com/airdrops Image
Read 9 tweets
Jun 10
In my 10+ years of Crypto experience, I have never seen that kind of market condition where #BTC is down only 3%, and major #altcoins are down 20-30% 😱😳

Let's take a deep dive to know what's going on in the #Crypto market 👇
🔻In the past few hours, the #altcoin market has crashed like there is no support.

🔻So let's take a look at the factors crashing the market, which also include some #FUD.
1. #Binance is selling its holdings.

🔻An account started the rumour that @binance sold mass amounts of coins over the last few months, which caused the market crash.

🔻He also claimed that Binance moved a large chunk of its reserves. Image
Read 15 tweets
Jun 9
The SEC's recent lawsuit against #binance and #Coinbase has sent shockwaves through the Web3 community

But the Spotlight shifts to the SEC's classification of tokens as securities in the lawsuit 🪙

Here's a rundown of the top 8 tokens in the spotlight 👇 Image
👉 The SEC says digital tokens are securities, following standards from the 1933 Securities Act & landmark court decisions.

👉 And Cryptocurrencies pass the Howey Test” criteria to determine whether a transaction qualifies as an investment contract, a type of security
What is a SECURITY? 🤔

👉 Generally, if an investment is made in a business, expecting profits through the efforts of someone else, it is considered a security.

👉 The SEC applies these criteria to crypto, highlighting that several tokens meet the definition of securities Image
Read 19 tweets

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