Welcome aboard The Crypto Cab Weekly Newsletter 🚖
Buckle up and enjoy the ride!
1️⃣ BIG Crypto News
2️⃣ Crypto Top 100
3️⃣ Token Unlocks
4️⃣ NFTs Trending
5️⃣ Meme of the Week
6️⃣ Legends of Crypto X
1️⃣ BIG CRYPTO NEWS
TLDR
Nigeria's federal government files tax evasion charges against Binance, alleging non-payment of VAT and income tax. Two Binance executives, including Nadeem Anjarwalla, escaped custody, sparking investigations into his departure.
BlackRock enters the asset tokenization space with the launch of its BlackRock USD Institutional Digital Liquidity Fund on Ethereum, backed by cash and U.S. Treasury bills.
🚖 Nigeria Charges Binance for Tax Evasion
Nigeria's federal government has filed charges against crypto exchange Binance for tax evasion, accusing it of four charges including non-payment of value-added tax and company income tax.
Additionally, Binance executives Tigran Gambaryan and Nadeem Anjarwalla were detained in Nigeria, facing accusations of illegal-transaction profits. Anjarwalla, a British national, escaped custody, reportedly using his Kenyan passport to board an international flight, prompting investigations by Nigerian authorities.
Despite the ongoing legal battle, Binance continues to collaborate with Nigerian authorities to ensure the safety of its employees.
However, tensions between Binance and Nigerian regulators have escalated, with the exchange cutting support for the Nigerian naira amid regulatory conflicts and requests for information on its top users in the country.
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🚖 BlackRock Launches Tokenized Asset Fund on Ethereum
Asset management giant BlackRock has officially entered the asset tokenization race with the launch of its tokenized asset fund on the Ethereum network, alongside a strategic investment in asset tokenization company Securitize.
The BlackRock USD Institutional Digital Liquidity Fund, represented by the blockchain-based BUIDL token, is fully backed by cash, U.S. Treasury bills, and repurchase agreements.
Acting as a transfer agent and tokenization platform, Securitize partners with BNY Mellon as the custodian of the fund's assets.
BlackRock's Head of Digital Assets, Robert Mitchnick, highlighted the company's focus on developing digital asset solutions to address real client needs, signaling a significant move towards leveraging blockchain technology in the asset management space.
CEO Larry Fink previously hinted at the company's interest in tokenization, viewing products like its spot BTC ETF as stepping stones towards embracing blockchain technology.
Tokenization of real-world assets, such as U.S. Treasuries, has seen significant growth, reflecting the increasing integration of blockchain technology in the financial industry's landscape.
2️⃣ Crypto Top 100
It has been another HUGE turnaround in the Crypto Market in the last 7 days.
The market is resetting following last weeks dumps.
Buying the dip has turned out to be very good returns 😁
Top 3 Gainers of the week!
⬆️ 140% $ONDO Ondo
⬆️ 71.5% $ICP Internet Computer
⬆️ 49.5% $FLOKI Floki
Source: CryptoBubbles.com
3️⃣ Token Unlocks 🔓
$PORTAL - $57.17M
$AXL - $49.21M
$TOKEN - $17.76M
$GT - $16.00M
$FET - $13.20M
$YGG - $12.24M
$GTAI - $10.95M
Source: Cryptorank.io
4️⃣ NFTs Trending
Ethereum
Source:OpenSea
Bitcoin
Source: Magic Eden
Solana
Source: Magic Eden
5️⃣ Meme of the Week
6️⃣ Legends of Crypto X
Connecting to the right people and projects in Crypto is so important to build, grow and get the alpha!
Whether you are an OG, Degen, Reply Guy or new account, we want to connect and support your growth as brands together in Crypto, NFTs and Web3.
Each week includes a shout out to 3 Legends of Crypto X that are an active part of The Crypto Cab community, engaging and providing quality content with us and I recommend that you go to check them out👇
Popitz
The BARBER
Savage
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Disclaimer
This newsletter publishes information about Cryptocurrency NFTs and Web3. This is not Financial or tax advice and should be used for information purposes only. Always do your own research. Cryptocurrency is high risk.