Solana-based memecoin platform Pump.fun is facing a class-action lawsuit in a New York federal court, accusing it of issuing unregistered securities and generating nearly $500 million in fees. The lawsuit, filed on January 30 by Diego Aguilar, claims that...
Two wallet addresses linked to Ross Ulbricht, the creator of the Silk Road marketplace, recently lost approximately $12 million worth of meme coins due to pricing errors, according to blockchain analytics platform Arkham. The affected wallets are associated with...
Coinbase is set to expand its derivatives offerings with the introduction of Solana futures contracts on its subsidiary platform, Coinbase Derivatives. According to a filing with the U.S. Commodity Futures Trading Commission (CFTC) on January 30, the Solana futures...
Elliott Management has warned that the U.S. government's new support and push for cryptocurrencies is fueling a speculative bubble that could end in financial havoc. In an investor letter seen by the Financial Times, the $70 billion hedge fund...
Chainalysis reported that nearly 5% of all tokens launched showed patterns similar to pump-and-dump schemes In 2024. The firm revealed that over 3 million tokens were introduced, with over 1.3 million (over 40%) listed on decentralized exchanges. However, only...
Indonesian crypto exchange TRIV has launched a new feature allowing traders to engage in crypto futures trading. This feature, called TRIV Crypto Futures, provides traders with access to perpetual contracts on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and...
Steve Kurz, Global Head of Asset Management at Galaxy Digital, has painted an optimistic picture for Bitcoin and the broader cryptocurrency market, declaring that the U.S. government’s crackdown on crypto is “officially over.” On CNBC’s Fast Money, Kurz discussed...
Grayscale Investments is expanding its suite of crypto-related financial products with the launch of its new fund targeting the crypto-mining sector. The new fund called the Bitcoin Miners ETF ($MNRS), according to the asset manager, will provide investors a...
Cryptocurrency exchange Gemini has announced it will no longer hire graduates from the Massachusetts Institute of Technology (MIT) after the university rehired former U.S. SEC Chairman Gary Gensler as a professor. Tyler Winklevoss, co-founder of Gemini, announced in a...
Illinois has joined the growing number of U.S. states exploring the potential of cryptocurrency reserves as part of their financial strategies. State Representative John Cabello has introduced House Bill 1844 (HB1844), which seeks to create a Strategic Bitcoin Reserve...
