Renzo Protocol Token Shock, DOJ Targets CZ, Polymarket Says "Sorry" 👇

M6 Labs Alpha Bytes🚨: 24th April

GM anon ☕🐺

In today’s Alpha Bytes

Renzo Protocol reveals tokenomics: crypto Twitter revolts🚨

Ex-Binance CEO CZ in Legal Hot Water: The DOJ alleges that Zhao’s violation of U.S. law was deliberate, aimed at user growth and personal gain. He could face jail time.

Polymarket Apology: Questionable language by an intern prompts an official apology.

BTC $66,122 (-0.6%), ETH $3252 (+0.8%), SOL $157 (+0.1%)

Crypto News 📰

  • Renzo Protocol allocates only 5% of its token to the community, devs keep 95% of the total supply. CT reacts badly, but here is an objective analysis by a threadoor 

  • United States Department of Justice seeks 36 months for Binance founder Changpeng Zhao 

  • Polymarket apologizes for posts on X made by intern

  • Bitcoin, Ether trade in tight ranges as investors reassess markets post-halving

  • Can crypto traders out-predict Wall Street on Coinbase’s Q1 earnings?

  • Bitcoin hovering around $66,000 mark. 

  • Tether vows to freeze assets as Venezuela looks to crypto to bypass sanctions 

  • What’s at stake for crypto in India in the midst of its national election?

  • HBAR token surges after misrepresented BlackRock announcement

  • Worldcoin meets Malaysian leaders as project aims to bolster government ties 

  • US spot Bitcoin ETFs see third consecutive day of net inflows 

  • Jack Dorsey’s Block develops 3-nanometer mining chip

  • SEC delays decision on spot Ethereum ETF proposals from Grayscale, Franklin Templeton 

  • SEC asks for comments on BlackRock’s amended Ethereum ETF proposal 

  • SEC suggests $5.3 billion fine for Do Kwon 

  • Standard Chartered reverses stance, says SEC unlikely to approve spot Ethereum ETF in May

  • El Salvador Bitcoin wallet suffers source code, VPN access leak

  • Nigeria’s central bank forced to deny claims of crypto account freeze

  • Bitcoin whale FOMO hits as BTC goes below $67,000

  • BlackRock aware that RWAs are a multi-trillion-dollar opportunity 

  • Dao Maker hack victims still awaiting reimbursement 

  • New crypto users should not rush into DeFi 

  • Lazarus Group using LinkedIn to target and steal assets 

  • Australia joins 1000+ Bitcoin ATM club 

  • How do crypto whales protect their identity 

  • FTX looking to sell Solana holdings via blind auctions  

  • Tesla did not sell Bitcoin holdings despite Q1 earnings 

  • Ripple counters $2 billion SEC fine as public backlash swings favor away from SEC

  • Germany’s central bank says Eurosystem will not be able to identify people based on CBDC payments.

  • Pepe surges over 18% amid increased whale activity 

  • Hong Kong to launch spot crypto ETF trading by April end

  • Koala Coin pushes through market shifts 

  • Kelexo is a compelling option for Polkadot and Tron enthusiasts 

  • Potential surge for LTC, SOL, and Milei Moneda

  • Philippines SEC orders Apple and Google to remove Binance app  

  • Ontario court sues Binance for securities law violations 

  • 2 crypto groups sue SEC over new Dealer rule 

  • Ledger Live to offer crypto swap, instant buy services 

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