zachxbt

$ZEC An online dispute between UFC stars Conor McGregor and Khabib Nurmagomedov has drawn the attention of crypto sleuth ZachXBT, who highlighted McGregor’s past failed token launch to counter his accusations against Nurmagomedov’s new NFT project.
The Clash Over Crypto Projects
The controversy began when former UFC champion Conor McGregor publicly criticized his long-time rival, Khabib Nurmagomedov, for launching a non-fungible token (NFT) collection. Nurmagomedov’s project features digital "papakhas"—the traditional Dagestani headwear he is famous for wearing.
In a now-deleted post on X (formerly Twitter), McGregor accused Nurmagomedov of using his late father's legacy and culture to "scam his fans" with digital assets. McGregor questioned the legitimacy of the project, implying it was a "fire sale" intended to take money from supporters.
However, the narrative shifted quickly when ZachXBT, a well-known on-chain researcher and security expert, intervened. ZachXBT responded to McGregor by pointing out the hypocrisy in his statement, citing McGregor's own involvement in a failed cryptocurrency project earlier this year.
ZachXBT Highlights the "REAL" Token Failure
ZachXBT replied to McGregor by mimicking the fighter's own language. He questioned how "good guy McGregor" could use his reputation and Irish culture to sell digital tokens, only to delete all promotional posts after the project failed.
The researcher was referring to the REAL token, a celebrity meme coin McGregor attempted to launch in April 2025. The project aimed to raise funds through a sealed-bid auction but struggled significantly, securing only 39% of its financial target.
While McGregor’s team stated that investors were refunded after the soft cap was not met, ZachXBT criticized the lack of transparency. Specifically, he noted that McGregor deleted all social media posts related to the REAL token after it failed to launch, a behavior often associated with "rug pulls" or low-accountability projects in the crypto space.

Market Context and Impact
This exchange highlights a broader trend of celebrity-backed cryptocurrencies facing scrutiny in late 2024 and 2025. Market data indicates that many celebrity meme coins have suffered from high volatility and low long-term value, leading to increased skepticism among retail investors.
The "REAL" token's inability to launch and the subsequent backlash against Nurmagomedov’s NFT drop serve as cautionary tales. Experts continue to warn investors to conduct due diligence (DYOR) rather than relying on celebrity endorsements, as fame does not guarantee the viability or security of a blockchain project.
UFC star Conor McGregor criticized Khabib Nurmagomedov’s NFT launch, prompting on-chain sleuth ZachXBT to expose McGregor’s own failed "REAL" token project. The exchange highlights ongoing scrutiny regarding celebrity involvement in the cryptocurrency market.#USJobsData #BinanceHODLerAT #zachxbt #memecoins $BTC

Solana Memecoin Bonk Inu announced plans to launch an ETP in the United States.
The Bonk Inu team revealed that the launch of ETP will bring the launch of ETF one step closer. The Bonk Inu team will work with Osprey Funds and plans to launch ETP by the end of this year. #zachxbt

The article introduces a cryptocurrency called Chinese Doggo, which has a market cap of 43.8k, a trading volume of 22.8k, a holding increase of 75, a trading volume of 101, and a liquidity of 3.43 ETH. The cryptocurrency is traded on UniswapV2, with a buy tax of 0.0, a sell tax of 5.4, an average tax of 6.4, and a maximum tax of 9.8. The article also mentions some technical details and social information of the cryptocurrency. #zachxbt

Golden Finance reported that DeFi Technologies Inc. announced that it has completed an agreement to acquire the core intellectual property ("IP") of the Solana blockchain.
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Astar Network tweeted that LayerZero Labs is providing rewards distribution to the Astar community. Users who hold ASTR on Astar zkEVM during the May 1 snapshot and meet all LayerZero eligibility criteria (including anti-sybil checkers) are eligible for airdrops. The final list of eligible users will be determined by the LayerZero Foundation.
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Whale Alert monitoring shows that USDC Treasury added 134,388,829 USDC minted around 0:25 today.
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According to the US Department of the Treasury's 2024 National Money Laundering, Terrorist Financing, and Proliferation Financing Risk Assessment Report, the focus is on illegal financial threats, vulnerabilities, and risks within the United States. The report states that criminals, fraudsters, and other illegal actors are increasingly turning to virtual assets.
The report details how bad actors launder money by continuously using cash and increasingly using cryptocurrencies to commit fraud, drug trafficking, human trafficking, and corruption. The US Department of the Treasury plans to release a strategic plan in the coming weeks aimed at providing recommendations to address these issues.
The report points out that DeFi services belonging to financial institutions must comply with anti-money laundering/counter-terrorist financing (AML/CFT) regulations under the Bank Secrecy Act (BSA). "Nevertheless, many existing DeFi services have failed to comply with AML/CFT obligations, which is a loophole that illegal actors are exploiting." Criminals are seeking to use new financial services, including DeFi and online games.
The US Department of the Treasury also expressed concern in the report about the increasing use of stablecoins: "The 2022 National Terrorism Financing Risk Assessment (NTFRA) report showed that the most common form of virtual asset donations for terrorist organizations was the solicitation of bitcoin, but now terrorist organizations soliciting virtual asset donations are increasingly turning to stablecoins." (The Block)
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Decentralized stablecoin project Ethena Labs explained the reason for the significant decrease in the sUSDe annual yield on the X platform. According to data disclosed by Ethena Labs, the sUSDe APY generated is 44.3%, but the sUSDe APY paid is only 15.2%. Ethena Labs stated that reducing sUSDe payments is to ensure a slow and controlled rollout of products, in case of any need during protocol development. The retained USDe will be held by the protocol and distributed to holders later. Ethena Labs stated that APY may change over time and is not guaranteed, and may be negative when there is too much leverage demand in the system to go long on cryptocurrencies. High yields are just a manifestation of capital supply and demand imbalances within the system, like any interest rate. In addition, Ethena Labs also disclosed on-chain transaction receipts to share detailed information on calculating APY with the community to ensure transparency.
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According to monitoring by on-chain analyst @ai_9684xtpa, the smart money address that has opened a position of 1,593 WBTC in the past nine months has sold 579 WBTC in the past month and made a profit of US$4.56 million, with the remaining balance making a floating profit of US$9.06 million. 10 hours ago, this address withdrew 279.85 WBTC (worth US$12.98 million) from the lending agreement Radiant Capital and deposited it into Binance, making a profit of US$2.62 million.
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Cryptocurrency wallet Exodus announced strong financial results for Q2 2024, with revenue increasing by 80% year-on-year to $22.3 million. Despite achieving significant year-on-year growth, Exodus also suffered a significant loss in Q2 2024, with a net loss of $9.6 million, compared to a loss of $1.9 million in Q2 2023.
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Australia’s financial regulator is seeking to require crypto firms — beyond just crypto exchanges — to be licensed under the country’s corporations law.
The Australian Financial Review reported today, citing Australian Securities and Investments Commission Commissioner Alan Kirkland, that ASIC plans to issue an update to “Information Paper 225” by November. The update aims to clarify how certain crypto tokens or products should be treated.
Kirkland said that ASIC considers that most major crypto assets should fall under the scope of the Corporations Act.
Meanwhile, the Australian Treasury released a proposal last year to require crypto exchanges that hold a certain threshold of assets to obtain an Australian Financial Services Licence. The original plan was to release an exposure draft this year, but it remains uncertain if the bill will be introduced before next year's federal election, according to the AFR report.
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The Australian Treasury said at the time that that failures and vulnerabilities of crypto platforms have “increased the need to regulate to protect consumers.”
The Australian authorities have become increasingly cautious of the risks associated with crypto assets. ASIC said last month that it had taken down over 7,300 scam websites since July 2023, 615 of which were associated with cryptocurrency.
Also in August, a ruling in Australia showed that the Australian Competition and Consumer Commission alleged that more than half of crypto-related advertisements on Facebook were scams or violated Meta’s policies.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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The latest data from Polymarket shows that the probability of the United States winning the most gold medals in the Paris Olympics has risen to 74%. The current size of the prediction fund pool has reached 8.7 million US dollars, an increase of about 1.1 million US dollars from yesterday. The probability of China winning the most gold medals in the Paris Olympics has dropped to 26%. In addition, in the prediction market for the country with the most total medals in the Paris Olympics, the probability of the United States is close to 100%, and the size of the prediction fund pool has risen to 8.1 million US dollars.
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Nvidia (NVDA.O) stated that it has not received a subpoena from the US Department of Justice.
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Robert Kiyosaki, the author of "Rich Dad Poor Dad", posted on social platforms that he would buy 10 more Bitcoins before April. If you can't afford a whole Bitcoin, consider buying 1/10th of a Bitcoin through a new ETF or Satoshi. Bitcoin is expected to reach $100,000 by September 2024.
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Stimulated by the Bitcoin price breaking through $72,000, the options market's trading volume hit a one-month high today, with a total of over $1 billion in cumulative block trades. Among them, the call option trading volume was about $700 million, and the put option trading volume was about $300 million. It is worth noting that a proportional spread strategy transaction: a large investor sold 250 call options with an exercise price of $75,000 and bought 500 call options with an exercise price of $90,000, indicating that it expected Bitcoin to either not reach a new high or quickly hit $100,000 once it broke through. This trading strategy saved about $13,000 in slippage through block trading, showing a bold and sophisticated market layout. #zachxbt