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Crypto Whale DataThis wallet account is Animalverse Club NFTs holder has been Verified

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Crypto Whale Data

@0x1d7a9641dcccfe07c722bede8b3c2221cc19d4caThis wallet account is Animalverse Club NFTs holder has been Verified

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  • Yuga Labs proposes dismantling ApeCoin DAO over failed governance, replacing it with new entity ApeCo Bored Apes creator Yuga Labs proposed discontinuing its ApeCoin DAO governance system to establish a new operating model for growing the Ethereum-based token Ape's ecosystem. "ApeCoin DAO was a bold experiment, but one born of a different era," Yuga Labs CEO Greg Solano wrote in the Thursday proposal. "What started with promise has devolved into sluggish, noisy, and often unserious governance theater." To salvage and advance the DAO's sole remaining merit — funding builders — Yuga Labs proposed replacing it with a new entity, ApeCo. The transition aims to eliminate ambiguity in governance and focus resources on building the ecosystem's three core pillars, which are ApeChain, Bored Ape Yacht Club and Otherside. It also plans to empower "real" builders by setting milestone-based grants and tighter accountability. Founded in 2022, the ApeCoin DAO launched ApeCoin on the Ethereum blockchain as an independent, decentralized entity that is separate from Yuga Labs, despite being connected to its ecosystem. However, the DAO has since struggled to maintain apt governance operations that benefit the project as a whole. "[The DAO] has been nothing but a joke, and a drag on the entire ecosystem, pillaged and slow and inefficient and overpoliticized since inception, with unaligned bad actors and extractors everywhere," wrote X user @OGDfarmer. "It's clear that [Solano's] Yuga would be better stewards." If the proposal is accepted, the ApeCoin DAO will be fully terminated, with all rights and powers of token holders related to governance and assets. It would also nullify previous ApeCoin Improvement Proposals (AIPs) and kill delegated authorities, working groups, elections, and forums. Yuga's latest proposal met with mostly positive feedback in the ApeCoin forum. The proposal has been put to a vote on the forum. It is, however, for checking community sentiment and not an official vote. Meanwhile, Yuga Labs recently sold off several popular NFT intellectual properties, including Moonbirds, CryptoPunks and Meebits, suggesting that the company is sharpening its focus on its core offerings. ApeCoin's price has dropped 50% in the past year, currently trading at $0.70, according to The Block's price page. The token is down 97% from its all-time high of $26.
  • Bitcoin ATM operator CoinFlip seeks buyer for potential $1 billion sale: report The bitcoin ATM operator CoinFlip could potentially join the spate of crypto mergers and acquisitions as it seeks a buyer for a $1 billion sale, according to Bloomberg, citing people familiar with the matter. CoinFlip enlisted the help of a financial advisor to help navigate its preliminary sale stage. Although CoinFlip aims to secure at least $1 billion for the sale, it's not guaranteed that the firm will achieve that amount or if the sale will even proceed, according to Bloomberg's reporting. The Block reached out to CoinFlip for comment. CoinFlip is the second-largest operator of cryptocurrency ATMs behind Bitcoin Depot, which maintains a total of nearly 8,700 bitcoin ATMs, data from CoinATMRadar shows. CoinFlip's ATMs span the globe, with approximately 5,600 locations, including around 4,300 in the United States, according to the firm's website. In 2018, CoinFlip received seed financing from Shoreline Venture Management, JetBlue Technology Ventures, and Heads or Tails Investments. Cryptocurrency ATMs provide individuals with a physical location to purchase, sell, or send digital assets, primarily bitcoin. While they may provide individuals a convenient way to transact cryptocurrency, bad actors employ crypto ATM scams, particularly those targeting the elderly. United States lawmakers have introduced legislation, such as the Crypto ATM Fraud Prevention Act, this year to combat this type of fraud, The Block previously reported. Crypto M&A activity has been on the rise since at least November 2024. It continues its trend well into 2025, driven by improved regulatory clarity for the blockchain industry and renewed interest from web2 firms. Most recently, the trading app Robinhood completed its $200 million acquisition of the crypto exchange Bitstamp on June 3, The Block previously reported
  • Trump’s Truth Social files S-1 with SEC for Bitcoin ETF Truth Social, the social-media arm of Trump Media & Technology Group, has submitted a Form S-1 registration statement to the U.S. Securities and Exchange Commission for the Truth Social Bitcoin ETF. The fund would hold spot Bitcoin and list on NYSE Arca, tracking the cryptocurrency's market price. The filing comes two days after NYSE Arca lodged a companion Form 19b-4 seeking exchange approval to trade shares of the proposed fund. Both submissions are standard dual filings required before an ETF can launch. In what appears to be a first for a crypto-ETF prospectus, the risk section cites potential effects of President Donald Trump’s pro-crypto push and regulatory overhauls, according to Eric Balchunas, a senior ETF analyst at Bloomberg. The filing notes the creation of an SEC crypto-task force in January and Trump’s March executive order establishing a Strategic Bitcoin Reserve, adding that “it is not possible to fully predict the potential impacts on the Sponsor, the Trust, TMTG, Crypto.com, their affiliates or third-party service providers.” “Pretty sure it's the first time ever the advisor is in the risk section,” Balchunas posted on X. Yorkville America Digital — listed as sponsor — acts in the role an advisor would play for an ETF filed under the U.S. Investment Company Act of 1940, in this case. Approval for the Truth Social Bitcoin ETF would deepen Trump-linked crypto activity. Last month, TMTG announced a $2.5 billion offering to build a corporate Bitcoin treasury. Also, the proposed Bitcoin fund would join a roster of U.S. spot-Bitcoin ETFs from BlackRock, Fidelity, Grayscale, and others that collectively manage about $126 billion worth of assets
  • Solo bitcoin miner wins $330K worth of block reward after renting hash power to beat steep odds, CKpool dev says On Thursday, a single bitcoin miner claimed 3.15 BTC, worth about $330,386, for mining block 899,826 with a solo-mining setup from CKpool. The miner earned $327,625 in subsidy rewards and some $2,761 in total transaction fees, according to data from Bitcoin explorer Mempool. “Congratulations to miner bc1qa8r4up9nchkvdnhcf9feexv2jfantrk48ef374 who recently ramped up hashrate for solving the 300th block solved at solo.ckpool.org!” Con Kolivas, the CKpool developer, said on X. BTC Hash rate calculates the total computational power miners deploy on the bitcoin network. The miner operated with a weekly hash rate of 6.11 PH/s, but increased their compute power as high as 261 PH/s to mine the bitcoin block. This suggests that the solo miner likely rented additional hash rate to better their odds of earning the block reward. “This hash rate was almost certainly a rental based on there being only one worker, though the account has been mining for a while with a much lower hashrate,” Kolivas noted. While this is the 300th block solved with CKpool and the miner likely leased extra hash rate, it’s no small feat for a solo miner to mine a bitcoin block. At Bitcoin’s total network hash rate of 796 EH/s on June 5, the lone miner had a 0.03 % chance — about 1 in 3,050 — of success. It’s also not the first time a similar case has occurred, although it's rare. In April 2024, a single miner beat 1 in 5,000 odds and earned $218,544 in block rewards. Another miner surpassed odds of 1 in 1.3 million and took home subsidies worth $260,000.
  • Nasdaq-listed K-Pop media firm K Wave stock rallies 130% after announcing Bitcoin acquisition strategy K Wave Media (ticker KWM), a Nasdaq-listed K-Pop media holding company, is the latest firm to pursue a Bitcoin acquisition strategy, according to an announcement on Wednesday. The firm plans to sell up to $500 million worth of ordinary shares to finance its crypto treasury purchases, M&A activities, and other corporate operations. “Under this initiative, K Wave will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and yield optimization of Bitcoin,” K Wave Media wrote. KWN is up 132.39% on the day, according to Yahoo Finance. According to The Block’s data, there are at least 20 firms worldwide with at least $5 million worth of Bitcoin on their balance sheet, as the trend of firms holding the cryptocurrency as a strategic reserve asset heats up. K Wave, for its part, claims that it is among the first “publicly traded media companies to integrate BTC directly into its core treasury operations.” The trend has largely been inspired by the success of Michael Saylor’s Strategy, which began buying Bitcoin in 2021 and currently holds over $60 billion worth of BTC. This year has seen the launch of several debt- and equity-fueled corporate Bitcoin treasuries, as well as similar companies founded to invest in alternative assets, such as Ether and Solana. K Wave noted that it drew particular inspiration from Metaplanet, the Japan-based firm that has been loading up on Bitcoin and Ether. K Wave's top brass “believes a similar model — combining public market access with a focused Bitcoin treasury initiative — will resonate with investors across Asia and the globe,” they said. K Wave Media, founded in 2023, is a diversified entertainment company based in the Cayman Islands, with a primary focus on the rapidly expanding K-Pop industry. The firm produces K-pop-related content and merchandise, tapping into the industry's growing influence and dedicated fan base. “By embedding BTC into our core strategy, we’re reinforcing our commitment to decentralization, agility, and future-facing value creation,“ Ted Kim, co-interim CEO of K Wave Media, said in a statement.
  • South Korea elects pro-crypto Lee as new president; crypto ETFs and KRW stablecoins on horizon South Korea officially named left-wing party candidate Lee Jae-myung as its new president on Wednesday, after former leader Yoon Suk-yeol's failed military rule and subsequent backlash led to his impeachment after three years as president. On Tuesday, the country saw a voter turnout of 79.4%, the highest rate in 28 years. Lee took 49.42% of the votes against right-wing opponent Kim Moon-soo's 41.15%. While Lee vowed to tackle the country's urgent economic challenges including more support for lower-income families and small business owners, he also pledged to build a stronger foundation for the local crypto industry. Lee's crypto pledge includes the local adoption of spot cryptocurrency exchange-traded funds, an idea the country's financial authorities have been toying with since the success of U.S. crypto ETFs. Local issuance and trade of any crypto ETFs are banned locally as of today. Another key push is the approval of stablecoins pegged to the Korean won. Lee, in a discussion last month, stated that the country needs to establish a won-based stablecoin market to prevent the outflow of domestic capital. Under his leadership, South Korea will also strive to finish the second legislation to the two-part digital asset regulatory framework, where the upcoming law will have a focus on stablecoin regulation and transparency mandates for exchanges. Some other crypto promises include minimizing regulations in areas designated as special regions for blockchain growth to maximize innovation and efficiency. Not the first However, this is not the first time South Korea elected a candidate that promised to push crypto into the limelight. Impeached conservative president Yoon made several crypto-friendly promises aimed at deregulating the crypto industry, but many saw delays and limited progress during his three-year term. Yoon's plans to deregulate the crypto industry met resistance from the Financial Services Commission, which did not ease its strict regulations, citing investor protection. Nonetheless, the FSC has since become more amenable to easing strict crypto rules, which could benefit Lee's crypto commitments. South Korea hosts one of the world's largest cryptocurrency markets, characterized for its focus on altcoin trading. As of the end of last year, South Korea had 9.7 million crypto exchange users, which is nearly 20% of its total population, according to the FSC.
  • Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report Pump.fun, the memecoin generator that revitalized the Solana ecosystem, plans to raise $1 billion through a token sale at a $4 billion valuation, according to a Tuesday Blockworks report citing unnamed sources. The token will reportedly be offered to public and private investors. It is unclear when or where the token launch will occur. The Block has reached out to Pump.fun representatives for confirmation. Pump.fun, launched in early 2024, has been a breakout success. The platform enables anyone to quickly and easily deploy a token — and is now responsible for the majority of memecoin launches and trading on Solana, driving significant revenue to the network. The platform’s daily revenue peaked at over $7 million on Jan. 23, though it has since decreased to around $1 million per day, according to The Block data. The platform was designed with a bonding curve that adjusts token prices based on supply and demand. Initially, once a token launched on Pump reached a market cap of $69,000, it "graduated" to the decentralized trading platform Raydium. However, Pump.fun made waves when it launched a bespoke automated market maker, called PumpSwap, which Raydium responded to by launching a rival memecoin generator, LaunchLab. Pump.fun also recently re-launched its controversial live-streaming feature that was suspended following a series of content moderation complaints.
  • Robinhood completes $200 million acquisition of crypto exchange Bitstamp Robinhood has completed the acquisition of Bitstamp for $200 million — a deal designed to better position the crypto and stock trading platform for expansion outside of the U.S. The popular trading app first announced the proposed acquisition of Bitstamp in June 2024. Just under a year later, Robinhood hit its target of closing the deal in the first half of 2025, which was subject to customary closing conditions, including regulatory approvals. Founded in 2011 as a European-focused alternative to the now-defunct Mt. Gox, Bitstamp is the oldest running crypto exchange, with over 85 tradable assets and more than 50 licenses and registrations globally. The deal brings its retail customers in the EU, UK, U.S., and Asia under the Robinhood umbrella and introduces the firm to institutional crypto clients for the first time. "Bitstamp is now part of Robinhood, adding a globally-scaled crypto exchange and our first-ever institutional crypto business," Robinhood co-founder and CEO Vlad Tenev posted on X. "Our work is just beginning." In a statement on Monday, Robinhood said Bitstamp has earned institutional trust over 14 years for its reliable execution, deep liquidity, and robust API access, along with services like institutional lending and staking, while Bitstamp's core spot exchange strengthens its global crypto offering with "robust products." "The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp's highly trusted and long-standing global exchange has shown resilience through market cycles," Robinhood Crypto General Manager Johann Kerbrat said in the statement. "Combining our broad retail presence with Bitstamp's global institutional infrastructure will create a seamless, 24/7 trading experience — offering deep liquidity and expanded market access," Kerbrat added on X. 'Bitstamp by Robinhood' Bitstamp's existing team joins forces with Robinhood as part of the deal to foster collaboration, innovation, and knowledge sharing, the firms said. It also retains its own brand identity for the time being, albeit now styled as "Bitstamp by Robinhood." "As the world's longest-running cryptocurrency exchange, Bitstamp is known as one of the most-trusted and transparent crypto platforms worldwide," Bitstamp CEO JB Graftieaux said. "Bringing Bitstamp's platform and expertise into Robinhood's ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity." Barclays Capital Inc. served as the exclusive financial advisor to Robinhood, and Galaxy Digital Partners LLC served as the exclusive financial advisor to Bitstamp for the acquisition. Crypto M&A on the rise Crypto trading represents a growing share of Robinhood's revenues as its aggressive push into the sector aims to challenge incumbents like Coinbase. Robinhood plans to build a global financial ecosystem across asset classes, including equities, crypto, tokenized securities, stablecoins, and prediction markets — leveraging blockchain rails to drive operating efficiency. Last month, Robinhood also announced an agreement to acquire the Kevin O'Leary-backed WonderFi in an all-cash deal valued at around $179 million to expand into the Canadian crypto exchange market. That reflects a sharp rise in mergers and acquisitions across the crypto industry this year, fueled by a more positive regulatory environment under the Trump administration in the U.S., market consolidation, and a drive to scale infrastructure. Recent high-profile deals include Coinbase's record $2.9 billion acquisition of Deribit, Kraken's $1.5 billion purchase of NinjaTrader, and Ripple's $1.25 billion takeover of Hidden Road.
  • Nasdaq-listed Classover plans to raise up to $500 million in new deal to build SOL treasury Shares of Classover Holdings Inc., a Nasdaq-listed educational technology company, jumped 39.85% on Monday after it announced plans to raise up to $500 million to build a SOL-based corporate treasury. SOL is the native token of the Solana blockchain. In a statement released Monday, the New York-headquartered company said that it has signed a securities purchase agreement with Solana Growth Ventures LLC to issue up to $500 million in senior secured convertible notes. The company expects an initial closing and funding of $11 million to occur shortly after customary closing conditions are satisfied. Under the terms of the deal, Classover must dedicate up to 80% of the net proceeds to purchasing SOL, according to the statement. The latest funding arrangement builds upon Classover's previously announced $400 million equity purchase agreement, bringing the company's combined potential financing capacity to $900 million earmarked for its SOL purchases, the company said. "This agreement marks a significant milestone in the Company’s strategic initiative to build a SOL-based treasury reserve," said Stephanie Luo, CEO of Classover. "By entering into this agreement, Classover reaffirms its strong commitment to becoming a leader in blockchain-aligned financial strategy and positioning itself among the first publicly traded companies to directly integrate SOL into its treasury operations." Upon the announcement, Classover's stock surged 39.85% on Nasdaq, closing at $3.72 on Monday, before slipping 1.88% in after-hours trading, according to Yahoo Finance data. Its stock price has fallen 48.19% over the past month, and is down 7.23% year-to-date. Founded in 2020, Classover specializes in live online education for students in grades K-12. It launched an SOL treasury strategy last month to "enhance its balance sheet with a high-performance, scalable digital asset." Classover joins a growing list of companies adopting Solana accumulation strategies. Several firms, such as SOL Strategies, DeFi Development Corp., Upexi, and Janover, have been building SOL reserves either alongside their core operations or as a pivot from their original business focuses.
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