Crypto Lake

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2024-04-25 15:01:31 PORTAL seems to be cooking up some new things with their new launchpad

The debut token on the Portal Launchpad is $SOMO (https://twitter.com/playsomo) and those who stake $PORTAL will be able to receive a guaranteed allocation for the $SOMO sale which is happening on Thursday, 25th April at 11 am EST and I’m expecting this to skyrocket

Within the niche of Web3 gaming, we’ve seen many successful launches recently such as My Pet Hooligan’s $KARAT – $SOMO could be next. SOMO will quite literally be the Pokemon Go of Web3 and is also a playable 3D game

$SOMO seems to be the next big cook following after $PORTAL’s success, hitting a 3bn FDV and it was the biggest Binance Launchpool launch in history. I would really recommend picking up some $PORTAL and staking via their launchpad for the $SOMO sale https://launchpad.portalgaming.com

Wallets will be able to purchase up to 1 ETH of $SOMO and to balance the demand against the available allocation – there will be a weighted raffle to give everyone a fair chance. Your chances in the raffle are dictated by your ticket size and how early within the 24 hours you purchase.
The earlier you purchase and the bigger your ticket, the more $SOMO you’re likely to receive. The current presale price terms seem very fair considering other rounds available like Pixelmon’s $MON and Revolving Games’ $RCADE.

Portal Twitter: https://twitter.com/Portalcoin
SOMO Twitter: https://twitter.com/playsomo Open / Comment

2024-04-24 16:31:35 SEC Puts Franklin Templeton's Ethereum ETF on Hold: Uncertainty Looms

The U.S. Securities and Exchange Commission (SEC) has hit the pause button on Franklin Templeton's spot Ethereum ETF, extending the decision deadline to June 11, 2024. This unexpected news, disclosed in a recent filing, leaves investors in suspense.

The SEC cites the need for a deeper dive into the complexities of Ethereum's classification and suitability for an ETF. With Coinbase Custody Trust Company and Bank of New York Mellon as custodians, Franklin Templeton aims to track ether's price.

This delay echoes Grayscale's Ether Trust proposal setback earlier this year, hinting at a cautious regulatory approach. Meanwhile, industry titans Fidelity and BlackRock are also vying for a slice of the cryptocurrency ETF pie.

While analysts initially eyed a May decision, expectations have been dampened. Bloomberg's James Seyffart even questions whether these Ether ETF applications will see the light of day.

Despite the uncertainty, investor interest in crypto investment vehicles remains undeterred. The market craves more accessible ways to ride the digital asset wave, even if regulators are pumping the brakes. Open / Comment

2024-04-23 16:03:58 Final Call: $RTF for $0.1! The Project Backed by WBC, Tyson, and Usyk!

$RTF's IDO outperformed expectations. The first boxing token $RTF keeps hyping.
The $RTF tokens on DAO Maker and ChainGPT pads were sold out instantly.

The final IDO stage runs on Poolz Pad:

- When: Apr 23rd
- Price: $0,10
- TGE: 25%

Stay tuned: Listing coming on Gate, BitGet, BingX, HTX, MEXC, and WhiteBit. on Apr 24th!

Don't miss a beat—join official channel, Telegram, for all the latest updates! Open / Comment

2024-04-21 16:31:22 Mango Markets Hacker Found Guilty, Faces 20 Years in Prison

In a Manhattan federal court, the verdict is in: Avraham Eisenberg, the mastermind behind the $110 million heist on Solana-based DeFi platform Mango Markets, has been found guilty. The consequences are severe, with a potential sentence of up to 20 years behind bars.

Prosecutors painted a picture of a complex exploit, highlighting the financial havoc wreaked by Eisenberg's actions. Since his arrest in January 2023, he has been awaiting his fate.

The charges against Eisenberg include commodities fraud, manipulation, and wire fraud. This wasn't just any hack; it involved cunningly manipulating Mango Markets' native token, MNGO.

After days of trial and deliberation, the jury reached its decision on April 18. Eisenberg's defense team argued that his actions were not criminal but rather a clever trading strategy that resulted in significant gains.

However, prosecutors maintained that Eisenberg's maneuvers were deceptive and designed to siphon funds illicitly. They claimed he had to resort to lies to make off with the ill-gotten gains.

Despite returning a substantial portion of the stolen funds, Eisenberg's legal battle is far from over. His lawyer expressed disappointment but made it clear they would continue to fight for their client through post-trial motions. Open / Comment

2024-04-19 19:02:35 Shiba Inu Coin Reflects Signs Of Recovery: Here’s Why

Read more Open / Comment

2024-04-18 19:02:00 Sirwin Crypto Casino, Experience the Sweetness of 'Sweet Bonanza'

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2024-04-18 16:31:19 The Lightning Network Empowers Small-Scale Miners Pre-Halving

With the highly anticipated Halving Event on the horizon, Bitcoin enthusiasts are buzzing with excitement. Amidst this fervor, a game-changer called the Lightning Network is stepping up to support the unsung heroes of mining – the small-scale miners.

As mining rewards shrink due to the halving, efficiency becomes paramount. The big players are already exploring energy-saving techniques, but what about the little guys?

Jesse Shrader, CEO of Amboss, warns that small-scale miners will feel the pinch too. Fewer Bitcoins and rising transaction fees pose fresh challenges.

However, Shrader sees a silver lining in the form of LN. This layer-2 solution is like a secret tunnel for Bitcoin payments, bypassing the congestion and costs of the main blockchain.

By adopting LN for payouts, mining pools can sidestep hefty transaction fees and streamline operations. Shrader even spotlights NiceHash as an early adopter.

While LN initially appealed to hobbyists, it's now gaining traction among businesses. Amboss is at the forefront, helping forge those vital peer-to-peer channels. Open / Comment

2024-04-15 18:03:20 What is your trading game plan for 2024?

Get to know the project @Tradeleaforg: all-in-one, blockchain-based trade finance ecosystem with $2B total deal volume facilitated!

If you are a moonboy, this is a perfect marketplace to maximizing your exposure: crypto lending, trade finance and more:

— $1.25M in fees in last 30 days
— $TLF staking is available in DeFi pools to receive a share of these fees
— Win win opportunity: backed by real assets, as a collateral for partner banks financings SMEs
— Coming to MEXC Kickstarter

The team behind the project seems super expert as they have a clear roadmap, rumors of top listings and lots of $TLF use cases coming!

WAGMI with Tradeleaf.io Open / Comment

2024-04-15 16:30:49 Crypto Lawyer John Deaton Raises the Stakes, Outshining Elizabeth Warren in Fundraising Race

It's a battle of the wallets as crypto advocate and legal expert John Deaton surges ahead in his bid to unseat Massachusetts Senator Elizabeth Warren. The latest numbers reveal that Deaton's campaign chest is a whopping $1.36 million strong for Q1, outpacing Warren's $1.1 million.

Deaton's fundraising success can be attributed to his backing from heavyweights in the crypto industry, including Ripple bigwigs Brad Garlinghouse and Chris Larsen, the dynamic Winklevoss twins, Cardano's Charles Hoskinson, and even Anthony Scaramucci.

With high-profile donors like these, it's no surprise that Deaton's campaign coffers are brimming. Notably, some crypto titans have gone all-in with maximum donations of $6600 – a clear sign of their confidence in his cause.

This financial windfall was predicted by Warren herself, who sounded the alarm on special interests and Wall Street influence when Deaton threw his hat into the ring. But Deaton remains undeterred, ready to take on the establishment and prove that he can triumph against the odds.

Beyond the world of digital assets, Deaton and Warren clash on a range of issues, from student loan forgiveness to immigration policy and monetary strategies. Their differences are stark, setting the stage for a captivating political showdown.

"I've always been an underdog, and this time won't be any different. The world will witness my victory," declares Deaton with unwavering determination. As the race heats up, all eyes are on this crypto crusader as he challenges the status quo and aims for a seat at the table of power. Open / Comment