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NFT sales on the Bitcoin network hit 881 million in December 2023, becoming the highest monthly sale ever.
#Bitcoin
#BTC！
#cryptocreep
#CryptonewswithJack
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This downturn resulted in significant financial losses for many investors. As The Crypto Basic reported, the overwhelming majority of TRUMP buyers lost money. The decline has caught the attention of lawmakers, including California Democrat Rep. Sam Liccardo. Liccardo is now leading a new effort to curb such financial ventures among U.S. officials. The MEME Act Specifically, Rep. Liccardo is introducing the MEME Act, officially the Modern Emoluments and Malfeasance Enforcement (MEME) Act. This bill would forbid the president and vice president from endorsing, issuing, or sponsoring any financial asset, including meme coins. It will also prohibit members of Congress, senior executive branch officials, and their families from similar activities. Liccardo argues that the Trump family’s involvement in launching these cryptocurrencies amounted to financial exploitation. He stressed that they capitalized on their political influence for personal gain. The legislation aims to prevent federal officials from profiting off digital assets, such as stocks or cryptocurrencies, as it could create conflicts of interest or invite corruption. Moreover, Liccardo has expressed concerns about the potential for insider trading and foreign influence over U.S. politics, especially given the global financial reach of such coins. #CryptoNewss
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#shiba⚡ Inu’s ecosystem team has introduced a new Shiba Eternity game mode where players battle for SHIB rewards and contribute to the ongoing burn campaign. The team, through the marketing lead Lucie, introduced the Shiba Eternity mode, dubbed Duel Mode, a player-versus-player mode. The newly launched mode requires two players to battle each other within the collectible card game (CCG), with one user emerging victorious. This initiative aims to encourage player engagement through SHIB rewards and also contribute to the ongoing SHIB burn campaign. Duel Mode Details Players confident in their Shiba Eternity skills can participate in the contest by paying a registration fee of 50,000 SHIB each. The total pool for each duel is 100,000 SHIB, comprising the two players’ entry fees. After the contest, the winning player will receive 80,000 SHIB (80% of the total pool). Additionally, 10,000 SHIB, or 10% of the total pool, is burned, reducing the circulating supply of Shiba Inu tokens. The remaining 10,000 SHIB (10%) will be deducted as platform fees to support Shiba Eternity’s future development. According to Lucie, the player-versus-player mode is only available on the Web3 version of Shiba Eternity. This version is still in beta, with no official date for the final release. #CryptoNews🚀🔥V
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"DOGE Bounces Back! Will Dogecoin Finally Hit $0.25?"
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"6,813 BTC Sold Off! Whales Trigger Massive Bitcoin Price Dip to $82K!"
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The #SEC lawsuit against Justin Sun and Tron Foundation is the latest crypto-related case in which the securities regulator is seeking to pause its proceedings. Yesterday, the U.S. SEC, Justin Sun, Tron Foundation, BitTorrent Foundation, and Rainberry filed a joint motion asking to stay their lawsuit for 60 days. The motion contended that the 60-day stay would enable the parties to explore a potential resolution. According to the filing, this stay would benefit all the parties involved in the lawsuit, the court, and the public interest. If an early resolution is reached during the stay, the court will conserve judicial resources by avoiding ruling on the defendant’s pending motion to dismiss. The parties plan to issue a joint status report within 60 days of the request approval. SEC v. Tron In July 2023, the SEC charged Sun and his companies with fraud, market manipulation, and offering unregistered securities. The securities regulator accused Sun and Tron Foundation employees of inflating TRX volume through 600,000 wash trades. However, Tron denied the allegation and filed a motion last year to dismiss the SEC’s complaint. U.S. District Judge Edgardo Ramos has not decided on Tron’s dismissal motion. Nonetheless, the parties are asking the court to freeze the lawsuit to explore a potential resolution. SEC Pulls Back on Crypto-Related Litigation This request is similar to a motion filed in the Binance lawsuit, which a federal judge recently approved. The development is part of the SEC’s efforts to end its multi-year enforcement action against the crypto industry. After freezing the Binance case, the SEC agreed to drop the Coinbase lawsuit, pending approval from its commissioners. Furthermore, the SEC ended its investigation into NFT trading marketplace OpenSea, decentralized exchange Uniswap, and crypto exchange Gemini. Last week, the commission dropped two appeals seeking to classify crypto businesses as security dealers. #CryptoNewsCommunity
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