đ° Weekly Crypto News Update: The Explosion of Memecoins, Phishing Ads from Google, Satoshiâs Emails
đ The âCambrian Explosionâ of Memecoins: Jesse Pollak, creator of the Base blockchain, sees memecoins as pivotal for attracting users to his Coinbase-adjacent layer-2 network. Memecoins are thriving due to reduced fees on Level 2 networks post Ethereum's London update, with Base's TVL surging by nearly 250% since March.
â ïž Solana Presale Memecoins Abandoned: Blockchain researcher ZachXBT reports that 12 Solana memecoins were "abandoned" after raising $26.7 million, leaving investors with significant losses. Projects like "I like this coin" and MOONKE saw drastic value declines post-launch.
â Binance Removed from Apple and Google Stores in Philippines: The Philippine SEC orders removal of Binance app from app stores due to unregistered securities offerings. This action is part of ongoing global scrutiny towards Binance's regulatory compliance.
đ Satoshi Nakamotoâs Early Vision of Bitcoin: Marty Malmi shares emails revealing Satoshi's original intent for Bitcoin as a means of payment, not just investment. Nakamoto emphasized the importance of privacy and warned about the limitations of pseudonymity.
đ Advertising Phishing Sites from Google: Google Ads unwittingly promoted phishing sites targeting crypto users. Fraudsters leveraged Google's platform to deceive users into visiting malicious websites posing as legitimate crypto platforms.
This week's news underscores the challenges and developments shaping the crypto landscape, from memecoins' surge to regulatory actions against major exchanges and ongoing security threats in the crypto sphere. đ
