Top crypto tweets of the day – May 18th

www.cryptopolitan.com 2 h    Reading time: ~5 m Contents 1 Meme coins received cease and desist letters on-chain 2 Ripple acquires Metaco for crypto custody service 3 Metaverse tokens are on the rise this week amid rumours about Apple’s new AR/VR headset 4 Pakistan to ban crypto and says the country will never legalize it 5 This staker got their ETH off FTX *just* before it went down 6 Tether plans to buy Bitcoin regularly 7 Ledger has always had access to extract recovery phrases 8 10k BTC moved to Coinbase 9 State of $XRP Ledger (XRPL) 10 Coinbase is launching its subscription service, Coinbase One 11 BlackRock Fund withdraws 1.27T $PEPE ($1.98M) from Binance 12 Australian Westpac Bank has banned customers from trading with Binance 13 FTX sues Sam Bankman-Fried

Meme coins received cease and desist letters on-chain

Wow both pump and dump meme coins @Nyanmemecoin @GrumpyCat_Coin were just sent cease and desist letters on-chain. pic.twitter.com/drJvjfOQr0

— ZachXBT (@zachxbt) May 18, 2023

Ripple acquires Metaco for crypto custody service

📢 Today, we announce that Metaco becomes part of @Ripple, joining forces in providing exceptional mission-critical software infrastructure solutions that empower institutions to thrive in the rapidly evolving digital asset economy.
To learn more: https://t.co/U68za92n6o pic.twitter.com/scPwNrYfQi

— Metaco (@metaco_sa) May 17, 2023

Metaverse tokens are on the rise this week amid rumours about Apple’s new AR/VR headset

#Metaverse tokens are on the rise this week amid rumors about Apple’s new AR/VR headset 🎧

Got your eyes of any of these coins?https://t.co/bHqPPKWLk7 pic.twitter.com/FPl0854ZPa

— CoinGecko (@coingecko) May 18, 2023

Pakistan to ban crypto and says the country will never legalize it

JUST IN: 🇵🇰 Pakistan to ban #crypto and says the country will never legalize it.

— Watcher.Guru (@WatcherGuru) May 18, 2023

This staker got their ETH off FTX *just* before it went down

This staker got their ETH off FTX *just* before it went down, then embraced the low risk life and waited for Lido withdrawals to go live before depositing pic.twitter.com/TcasuwSKcG

— alto | dollar.eth (@etheraltog) May 18, 2023

https://t.co/IcZZBz3r9m

— alto | dollar.eth (@etheraltog) May 18, 2023

Tether plans to buy Bitcoin regularly

Tether🧡#Bitcoin

Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin. These Bitcoin shall be considered on top of the minimum reserves assets that 100% back tether tokens.

More 👉 https://t.co/7zC2swgwWH pic.twitter.com/BOcSDjjmDf

— Tether (@Tether_to) May 17, 2023

Ledger has always had access to extract recovery phrases

It is and was always possible.

If a centralized company with closed source firmware tells you otherwise and you believe it, the joke’s on you.

You also know that your browser wallet can be malicious and show you an innocent tx but make you sign a malicious one, right? pic.twitter.com/FeWPxdQzMW

— Mudit Gupta (@Mudit__Gupta) May 18, 2023

It is also possible on other hardware wallets btw. Dont jump on the next cool wallet, thinking they can’t do this.

Some try to build resilience against modified firmware and physical attacks, but nothing is foolproof.

Do your threat modelling accordingly.

— Mudit Gupta (@Mudit__Gupta) May 18, 2023

10k BTC moved to Coinbase

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 10,010 #BTC (267,915,801 USD) transferred from unknown wallet to #Coinbasehttps://t.co/GaAbTlzz7u

— Whale Alert (@whale_alert) May 18, 2023

State of $XRP Ledger (XRPL)

.@redvelvetzip State of $XRP Ledger (XRPL) Q1 23′ report ⬇️

+Daily active addresses & daily transactions increased QoQ
+XRP’s price increased 55.5% QoQ from $0.35 to $0.54
+Upcoming deployment of Hooks, sidechains, & new token standards

FREE Report 🔗👇 pic.twitter.com/R7ayx0MyNM

— Messari (@MessariCrypto) May 18, 2023

Coinbase is launching its subscription service, Coinbase One

Coinbase is launching its subscription service, Coinbase One, in 35 countries in a bid to retain users and grow its recurring revenue streams as the crypto economy struggles through a bearish market, including no trading charges, higher staking rewards, 24/7 customer support, and…

— Wu Blockchain (@WuBlockchain) May 18, 2023

2/ The best of Coinbase just got ✨better✨ Unlock zero trading fees, a dedicated support team, boosted staking rewards, and exclusive benefits from partners with Coinbase One — all for $29.99/month.

Claim your 30-day free trial → https://t.co/agCecP7lsp

— Coinbase 🛡️ (@coinbase) May 18, 2023

BlackRock Fund withdraws 1.27T $PEPE ($1.98M) from Binance

1/ We noticed that BlackRock Fund withdrew 1.27T $PEPE ($1.98M) from #Binance to 4 addresses 2 hrs ago.

And BlackRock Fund made $2.39M(10x) on $PEPE before! pic.twitter.com/WgVnCGXpnt

— Lookonchain (@lookonchain) May 18, 2023

2/ These 4 addresses use the same Binance deposit address as blackrockfund3.eth, and are most likely addresses newly created by BlackRock Fund.https://t.co/9i9Aq4XABshttps://t.co/6xVKMZQsNdhttps://t.co/ozWxhIf6Jhhttps://t.co/ahxPDWvhmd pic.twitter.com/oyoinpaS0E

— Lookonchain (@lookonchain) May 18, 2023

3/ BlackRock Fund bought 1T $PEPE ($244K at that time) at an average price of $0.0000002431 on April 21, and sold all 1T $PEPE ($2.63M at that time) at an average price of $0.000002627 on May 5.

The profit is ~$2.39M (10x).https://t.co/nK7oHl8uDV pic.twitter.com/UqlG82gmDV

— Lookonchain (@lookonchain) May 18, 2023

Australian Westpac Bank has banned customers from trading with Binance

Sydney-based Westpac Bank has banned customers from trading with Binance, AFR reported. Meanwhile, Binance Australia customers were told they could no longer use PayID to transfer Australian dollars into their Binance accounts due to restrictions placed on the exchange by a…

— Wu Blockchain (@WuBlockchain) May 18, 2023

FTX sues Sam Bankman-Fried

JUST IN: FTX sues Sam Bankman-Fried.

— Watcher.Guru (@WatcherGuru) May 18, 2023

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