Crypto Guides, Knowledge & Insights

How to Market Your Crypto Project: An Overview of the QuickShock.io Event

QuickShock, a leading marketing agency in the cryptocurrency space, is hosting a VIP event designed to help you strengthen your position in the crypto industry and gain insider access to emerging projects. This exclusive event offers unmatched networking opportunities with top industry figures and provides invaluable insights that can elevate your project to new heights.　　Official event website: https://quickshock.io/crypto/event/dubai　　Registration link: https://lu.ma/quickshock　　QuickShock Event - Networking with Top Industry Figures　　The event is set to take place on October 25th in Dubai. By attending, youll have the opportunity to interact with some of the biggest names in the crypto space, including representatives from major cryptocurrency exchanges, founders of hedge funds and investment firms, as well as top-tier bloggers and content creators. This is a rare opportunity to meet industry leaders who are typically hard to access elsewhere.　　QuickShocks key partners, Release Kraken and QELT, will also be featured at the event. Release Kraken, an innovative project on the Solana blockchain, focuses on building a reliable and highly liquid ecosystem. QELT, another major partner, is pushing the boundaries of blockchain innovation by integrating quantum computing and AI into its scalable digital solutions.　　During the event, the QuickShock team will present multiple case studies, showcasing how they have

2024-10-25Deep Dive

Vietnamese Government Releases National Blockchain Strategy, Aims to Establish 20 Leading Brands

The Vietnamese government has officially released the “National Strategy for Blockchain Technology Application and Development by 2025” and the “2030 Vision (National Blockchain Strategy),” defining blockchain as one of the major technological trends of the Fourth Industrial Revolution. The strategy was signed and issued by Deputy Prime Minister Vu Duc Dam.Strategic Vision　　According to the 2030 strategy and vision, Vietnam aims to become a leading country in the region and establish an international position in the research, deployment, application, and development of blockchain technology. Specifically, the government aims to create 20 reputable platforms, products, and service brands based on blockchain technology within the region; to maintain at least three blockchain testing centers or special zones in major cities, forming a national network; and to have representation among the top 10 blockchain training and research institutions in Asia.　　In its action plan, the government outlines initiatives in five key areas: the legal environment, infrastructure, human resources, development and application, promoting research and innovation, and international cooperation, to advance Vietnams goal of becoming a leader in the blockchain industry.First Inclusion of Digital Assets in Legal Framework　　On October 8, the Standing Committee reviewed the draft “Digital Technology Industry Law” submitted by the Minister of Information

2024-10-24Deep Dive

Scroll Airdrop Faces Scrutiny, Airdrops Enter the “Dark Forest” Era

Yesterday, the highly anticipated Layer2 project Scroll successfully launched on Binance. According to Rootdata‘s heat index, the project’s popularity has been steadily increasing since its launch. However, the feedback on the project has not been entirely positive. Since its debut, the price of $SCR has dropped by 22%.　　WikiBit has compiled the following key reasons behind this situation:　　1. Dissatisfaction among Scroll users regarding the token distribution ratio.　　2. The airdrop allocation received by users does not cover the on-chain interaction costs.　　3. Suspicions of insider trading by the project team.The “Dark Forest Theory” in the Airdrop Arena　　Public chains, led by Ethereum, have previously fostered ecosystems where multiple DApps leveraged airdrops to create positive externalities for the entire ecosystem. The earliest airdrop, carried out by Uniswap, distributed governance tokens to early users, building community consensus. Since then, many projects have adopted this “proven” method, using airdrops to create community engagement and consensus.　　However, as the industry evolved, project teams realized that airdrop expectations help attract users, and users realized they could exploit airdrop rules to obtain excess profits. Airdrops gradually became a battlefield between project teams and airdrop hunters: project teams aimed to acquire real users at the lowest cost, while users sought to maximize

2024-10-23Deep Dive

Stripe’s Historic $1.1B Acquisition of Bridge: The Largest Deal in Crypto Industry

According to TechCrunch founder Michael Arrington, Stripe has finalized negotiations to acquire the stablecoin platform Bridge for $1.1 billion, after initially being discussed for $1 billion.　　Bridge first announced its investment from 1confirmation in 2022 and, in August 2024, raised $58 million at a $200 million valuation from Haun Ventures, Sequoia Capital, Ribbit Capital, and Index Ventures.　　This acquisition marks the largest known deal in the crypto industry to date, surpassing Galaxy Digitals attempted $1.2 billion acquisition of BitGo, which ultimately fell through.　　This acquisition marks the largest completed deal in the crypto industry to date. Previously, the largest known acquisition attempt was Galaxy Digitals $1.2 billion bid for BitGo, but that deal was never finalized.Unveiling Bridge　　It‘s hard to imagine how Bridge, a stablecoin platform, could fetch such a high acquisition price based solely on social media buzz. However, upon closer inspection, Bridge’s potential becomes evident.　　Co-founded by Zach Abrams and Sean Yu, Bridge helps businesses accept stablecoin payments through a suite of tools like APIs, enabling seamless conversion between fiat and stablecoins, cross-border payments, and even allowing companies to issue their own stablecoins.　　Compared to traditional systems like SWIFT, Bridge offers faster, cheaper, and more transparent transactions. Since its launch, Bridge has processed over

2024-10-22Deep Dive

This Week's Noteworthy Events(Oct 21, 2024–Oct 27, 2024)

Token Unlocks　　• Cardano (ADA) will unlock approximately 18.53 million tokens on October 22 at 00:00 UTC, representing 0.05% of the circulating supply, with a value of around $6.5 million.　　• Galxe (GAL) will unlock approximately 587,000 tokens on October 22 at 00:00 UTC, representing 0.46% of the circulating supply, valued at around $1.2 million.　　• Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens on October 22 at 19:00 UTC, representing 0.69% of the circulating supply, valued at around $4.8 million.　　• Ethena (ENA) will unlock approximately 12.86 million tokens on October 23 at 07:00 UTC, representing 0.47% of the circulating supply, valued at around $5.1 million.　　• Yield Guild Games (YGG) will unlock approximately 14.08 million tokens on October 27 at 14:00 UTC, representing 3.64% of the circulating supply, valued at around $8 million.Grass Foundation: Airdrop One Eligibility Query Page to Launch on October 21　　The Grass Foundation announced on the X platform that the Airdrop One eligibility query page will go live on October 21. This is the first and broadest airdrop in history. The claim process will not be available on October 21; its simply a checker page. Be cautious of scams, as no on-chain transactions will require signatures.　　Previously, the Grass project on

2024-10-21Deep Dive

Forcount ‘Ponzi Scheme’ Promoter Sentenced to 20 Years in Prison

The United States Department of Justice announced that Juan Tacuri — a senior promoter of the Forcount Ponzi scheme, which was later rebranded to Weltsys — was sentenced to 20 years in prison on Oct. 15.　　According to an announcement from the Southern District of New York, Tacuri was also ordered to pay $3,610,718 in restitution and sentenced to one year of supervised release following his prison sentence.　　Prosecutors said that Tacuris fraudulent scheme targeted victims all around the world, but mainly Spanish-speaking communities.　　The 240-month sentence handed down by Judge Analisa Torres represents the maximum statutory sentence. Following the decision, United States Attorney Damian Williams remarked:“Juan Tacuri may have claimed to be involved in cutting-edge cryptocurrency investing, but, in reality, he was running one of the oldest tricks in the book — a Ponzi Scheme.”　　The prosecutor concluded by saying the maximum sentence imposed by Judge Torres was a “Stark reminder that, in the long run, fraud does not pay.”The details of the Forcount Ponzi　　According to the Department of Justice, the founders and promoters of Forcount told prospective clients that the fictitious firm was a crypto mining and trading company. Tacuri and others lured in victims with the promise of regular payouts from

2024-10-18Deep Dive

Italy Reveals 62% Increase in Bitcoin Capital Gains Tax

The Italian government has announced plans to raise the tax rate on capital gains from Bitcoin and other cryptocurrencies from 26% to 42%. Thats a nearly 62% increase from the current rate.　　Local financial news outlet Il Sole 24 Ore reported that Deputy Minister of Economy Maurizio Leo disclosed the move during a press conference on the 2025 budget. The measure is part of a broader effort to generate additional revenue to support families, young people, and businesses.　　Italian taxpayers are expected to include their crypto holdings in the “Redditi Persone Fisiche” form and clearly state the capital gains made through their sales or other gains—presumably staking rewards. Italian citizens are also expected to list their crypto holdings in the 730 form, in the section dedicated to foreign financial activities.　　The latest development in Italy‘s approach to cryptocurrency follows a consortium of companies receiving support in 2023 from a research hub backed by Italy’s central bank to develop a system based on Ethereum scaling network Polygon. That initiative was focused on developing the “Institutional DeFi for Security Token” ecosystem.　　

2024-10-18Deep Dive

Ireland Drafting Urgent Crypto Laws Before EU Money-Laundering Rules

Ireland is preparing to draft “urgent” cryptocurrency regulations ahead of upcoming European Union Anti-Money Laundering and terror financing standards.　　Irelands Finance Minister, Jack Chambers, told the cabinet that urgent legislation would be drafted to update crypto regulations before the EU laws take effect on Dec. 30, the Irish Examiner reported on Oct. 16.　　No details were shared about the new crypto legislation or when it might come into force.　　The EUs “Anti-Money Laundering and Countering the Financing of Terrorism Act” will enhance the powers of financial intelligence units, enabling them to suspend transactions.　　It will also impose stricter reporting requirements for crypto exchanges and a 10,000 euro ($10,850) limit on cash payments. There will be more stringent monitoring of large transactions and new reporting requirements for high-value transactions.　　The legislative framework covers a range of areas posing risks, including crypto assets and crowdfunding. It also “complements other regulations such as Markets in Crypto-Assets Regulation (MiCA),” the European Commission noted earlier.　　In September, Derville Rowland, deputy governor of the Central Bank of Ireland, said that the country aims to stay at the forefront of safe innovation through MiCA.　　She said that crypto regulations were essential for Europe to become a global leader in adapting and adopting new technologies.　　The

2024-10-18Deep Dive

Gotbit CEO Arrested: Unveiling the Force Behind the “MEME Season”

According to previous reports, on October 9, the U.S. Securities and Exchange Commission (SEC), the FBI, and the Department of Justice (DOJ) jointly filed lawsuits against four crypto companies, including Gotbit Consulting, ZM Quant Investment, and CLS Global, accusing them of self-trading market manipulation and multiple crimes related to cryptocurrencies such as Saitama, Robo Inu, and NexFundAI. A total of nine individuals were charged, with some defendants agreeing to separate settlements.　　Following the announcement, several projects, including Hamster Kombat, Beercoin, and WaterCoin, clarified that they either did not use Gotbit as a market maker or had already replaced them.　　On October 16, Gotbit officially confirmed: “Our CEO, Alex Andryunin, was arrested in Portugal. Currently, we have no further details.” Reports indicate that two Gotbit employees in Russia have also been charged.　　The confirmation from U.S. authorities and Gotbit itself has drawn more attention to this market maker in the crypto industry, known for being a major force behind the “meme” trend. Why has it now come under legal scrutiny？Starting with Fake Trades, Gaining Fame through Market Making for Meme Tokens　　Gotbit was founded in 2018 during the ICO boom, when its founder Alexey Andryunin was a 20-year-old college freshman. 　　In 2019, a CoinDesk article

2024-10-17Deep Dive

The Trump Family Crypto Project WLFI Officially Launched

World Liberty Financial (WLFI) is a DeFi project initiated by Donald Trump Jr. and Eric Trump. It brings together top talents from the cryptocurrency, DeFi, finance, and technology fields, such as Steve Witkoff and Corey Caplan. The platform aims to challenge the traditional banking system by providing modern decentralized financial solutions, addressing the lack of innovation, transparency, and inclusiveness in the current financial industry. WLFI is also closely tied to Donald Trumps 2024 presidential campaign, with investments in WLFI tokens seen as a political bet on his election victory.　　Despite gaining significant attention, especially from crypto enthusiasts and Trump‘s political supporters, the project has been controversial due to concerns about its co-founders’ backgrounds and the token‘s centralized tokenomics. Furthermore, the project’s roadmap is unclear, and its long-term prospects are met with skepticism. However, as the election approaches, WLFI could become a new fundraising channel to support Trumps campaign.　　According to the roadmap shared with potential investors, WLFIs first token sale aims to raise $300 million, with 20% of the token supply sold at a fully diluted valuation of $1.5 billion.Terms　　According to the website, $WLFI tokens are only sold to non-U.S. users.　　The main sales terms and conditions are as follows:　　1. $WLFI is for

2024-10-16Deep Dive

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How to Market Your Crypto Project: An Overview of the QuickShock.io Event

Vietnamese Government Releases National Blockchain Strategy, Aims to Establish 20 Leading Brands

Scroll Airdrop Faces Scrutiny, Airdrops Enter the “Dark Forest” Era

Stripe’s Historic $1.1B Acquisition of Bridge: The Largest Deal in Crypto Industry

This Week's Noteworthy Events(Oct 21, 2024–Oct 27, 2024)

Forcount ‘Ponzi Scheme’ Promoter Sentenced to 20 Years in Prison

Italy Reveals 62% Increase in Bitcoin Capital Gains Tax

Ireland Drafting Urgent Crypto Laws Before EU Money-Laundering Rules

Gotbit CEO Arrested: Unveiling the Force Behind the “MEME Season”​

The Trump Family Crypto Project WLFI Officially Launched

Gotbit CEO Arrested: Unveiling the Force Behind the “MEME Season”