Vine Founder Teases Meme Coin, Whales Snipe the Supply
Vine founder Rus Yusupov briefly announced the launch of a Vinecoin (VINE) meme coin, with whales sending in large SOL orders leading to the coin being sniped. The token is expected to make it big in the crypto industry, with its valuation projected to go above $1 billion. Yusupov took to his personal X account to post a contract address for the token, proving that his account wasn’t hacked.
However, he noted that the token launch was driven by nostalgia. The development is coming after Elon Mu
Whales Control Trump Family Tokens, Chainalysis Reveals
Whales are in control of recently launched Trump family tokens, TRUMP and MELANIA, a Chainalysis report has revealed.
According to the on-chain analysis platform, about 94% of both tokens are held by nothing more than 40 wallets. The platform also revealed that these wallets hold at least $10 million worth of these tokens.
Whales control the TRUMP and MELANIA tokens
According to Chainalysis, about 2.1% of both token investors are whales that hold between $1 million to $10 million. The thread
Bitwise Submits Application for Dogecoin (DOGE) ETF to US SEC
The SEC now has Bitwise Asset Management’s application for its proposed Dogecoin (DOGE) exchange-traded fund (ETF) to review.
According to Matt Hougan, the investment chief of Bitwise, this launch will make it the first DOGE-focused ETF of its type to enter the tightly controlled U.S. financial landscape.
A bold step in the Crypto industry
Bitwise submitted the papers to state regulators on January 23 after completing formal establishment steps with Delaware’s Corporate Division. Hougan made
North Dakota Moves to Tighten Crypto ATM Rules to Prevent Scams
North Dakota state representatives want to control cryptocurrency ATMs better while stopping scams that trick residents. House Bill 1447 wants the state to set rules on crypto ATM withdrawals and fees and require security and fraud warnings for every transaction.
Bill proposes withdrawal and fee limits
The new law restricts customers to a one-hundred-dollar maximum withdrawal from crypto ATMs daily. Under the new rules, transaction fees would not exceed $5 or 3% of the transaction amount, depe
Reddit’s largest PC gaming community /r/pcgaming moderator has announced a ban on microblogging platform X, due to its less moderation and hateful mindset. According to the moderator, Shock4ndAwe, the decision has been in consideration for a long time. “X has become increasingly hateful, toxic, and less and less moderated,” he said.
The moderator noted that due to this reason, they felt uncomfortable promoting their content on X, especially with the various things that Elon Musk, the owner of t
CLS Global Convicted for Wash Trading FBI-created Token
Crypto financial firm CLS Global has admitted to market manipulation involving the NextFundAI (NEXF) token, pleading guilty to the allegations. According to the plea deal filed by the authorities yesterday, the firm agreed to plead guilty to two counts of fraudulent manipulation of trading volume and wire fraud.
CLS Global carried out wash trading, a move in which digital assets are bought and sold simultaneously, giving the general public a false sense of the trading volume. It is considered i
Trump Confirms Launch of ‘TRUMP’ Coin, Unaware of Its Performance
President Donald Trump has confirmed the launch of his official meme coin, ‘TRUMP,’ though he admitted to reporters that he is unaware of its current market performance. On Tuesday, Trump briefly addressed the cryptocurrency, stating that while he had heard it was “very successful,” he had not personally monitored its progress.
The announcement sent shockwaves through the crypto market, with the TRUMP token initially falling by over 30% to $34.88 before recovering to its current value of $42.07
Trump Grants Full Pardon to Silk Road Founder Ross Ulbricht
Donald Trump, as President, pardoned Ross Ulbricht, who created the Silk Road darknet marketplace. On January 21, Ulbricht received his freedom following a decade-long incarceration, two life terms, and 40 years without parole for leading the Silk Road darknet project.
A controversial decision
The pardon has sparked widespread discussion, given the severity of Ulbricht’s original sentence. Convicted in 2015 on charges including conspiracy to commit drug trafficking, money laundering, and compu
Crypto Observers Still Waiting on Trump Despite First Day’s Silence
Crypto observers are still waiting on Trump and his promises concerning the crypto industry, despite a lengthy first speech without mentioning the sector. During the inauguration yesterday, Trump touched on various issues but failed to mention the crypto sector, a development that has caused quite a stir among the crypto community.
Regardless, some investors and analysts are still quite upbeat about Trump and his pro-crypto promises during the campaign. According to a user on X Satoshi Flipper,
Scammers Impersonate Cuba, Rug Three Meme Coin Projects in 24 Hours
Scammers have impersonated the Country of Cuba, launching and rugging three meme coin projects within 24 hours. The first project, CUBA, was pumped to a $30 million market cap before the scammers carried out their rug pull. All the projects were launched on the Solana-based platform pump.fun.
According to crypto trader Ash Crypto’s post on X, the Cuba developer reportedly launched CUBA before going on to launch CUBA 2.0 and finally JUSTICE FOR CUBA. The post related to the launch of the meme co
Only a few minutes after his second inauguration, President Donald Trump signed several executive orders, one of which created Elon Musk’s Department of Government Efficiency (D.O.G.E).
While intended to cut federal expenditures by reducing government employees and annulling specific departments, this scheme is already facing legal challenges. Critics, unions, and public interest groups have complained that the new department announced is opaque and does not have adequate supervision.
Trump Does Not Repeal Biden’s Executive Order 14067 on Digital Assets
Donald Trump, the 47th President of the United States, rescinded 78 orders on the first day he assumed office but left out Executive Order 14067. This decision has prompted queries, especially among crypto enthusiasts; it associated the order with policies perceived as unfriendly to the crypto business.
Trump’s repeal of Biden EO’s did not include 14067 which was the executive order on digital assets that enabled Chokepoint 2.0So career officials at regulatory offices still currently have broad
Former Binance CEO Will Not List a Personal Meme Coin
Former Binance CEO Changpeng Zhao has confirmed that he has no plans to list a meme coin associated with his brand for now. However, Zhao feels that other leaders will now start tapping into the meme coin market. Binance, like most exchanges, has announced the listing of the project.
With the listing, Binance has gone against seeking out utility tokens, since it is an official token and can be easily verified. The launch has also been predicted to birth a new array of tokens, with El Salvador’s
Former Coinbase CTO Wants a TRUMP Airdrop to United States Residents
Former Coinbase CTO Balaji Srinivasan has urged incoming United States president Donald Trump to airdrop some TRUMP tokens to US residents. In his post, Srinivasan noted that the move would encourage more Americans to support Trump.
President-elect Donald Trump is the first United States president to support crypto and the blockchain ecosystem that they are built on. He recently launched his meme coin TRUMP, which has grown sporadically, generating several opinions across the crypto community.
Trump’s Meme Token Recovers to $60 Amid Inauguration Anticipation
Donald Trump’s favorite cryptocurrency, OFFICIAL TRUMP (TRUMP), is also on the rise. It rose to $60 after a significant drop on Wednesday.
This increase is due to market signals that follow Trump back to the White House with the inauguration speech to boost investors’ hopes. This token, which skyrocketed to trading above $75, faced stiff competition from introducing Melania Trump’s MEME coin, commonly known as MELANIA, but it seems to be back in business.
$TRUMP and $MELANIA Memecoins Drive Faster World Liberty Financial Presale
The presale of the $WLFI token of World Liberty Financial has received increased traction after the release of $TRUMP and $MELANIA memecoins.
World Liberty Financial acknowledged that the $WLFI token would cost $0.015 before its launch, revealing that market reception to the project had been strong. The company’s new update to its investors revealed that it sold 20% of the tokens, and over 34k wallet holders, including TRON DAO, bought 3 billion tokens.
The United States Securities and Exchange Commission (SEC) has charged Nova Labs for defrauding investors, as the firm prepares to part ways with its current Chairman Gary Gensler.
According to the agency, the company behind the open-source platform Helium Network broke several laws and it intends to prosecute it under Sections 5(a), 5(c), and 17(a)(2) of the Securities Act of 1933 and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. The agency is seeking permanent injunctio
Perplexity AI Signals Plan to Merge With TikTok US
Perplexity AI has made a big move, signaling its intention to merge with TikTok US. According to a CNBC report, Perplexity AI, which is currently valued at $9 billion, just submitted its offer for a merger with ByteDance, TikTok’s parent company.
According to the report, the entity intends to create a bigger entity from the merger that will include TikTok US, Perplexity, and other financial backers. According to the plan, the previous ByteDance investors will still be in control of their stakes
Trump’s Net Worth Surges to $28 Billion Thanks to TRUMP Meme Coin Success
A recent report carried news Donald Trump’s net worth has increased from one to a colossal $28 billion, facilitated by a TRUMP meme coin.
Newly rich is an overnight success; according to data from blockchain analytics platform Arkham Intelligence, the token’s future value will rise 400%. Initially from Trump-related businesses, CIC Digital LLC and Fight Fight Fight LLC receive 80% of the tokens’ circulation, making Trump’s crypto assets worth $22.4 billion.
The TRUMP meme coin surged on January 18, 2024, when the president-elect was announced as Donald Trump. Among the large investors, one made the best out of the situation, buying 860 895 TRUMP tokens for $12 million, an average of $13.94 per token.
A whale dumped 860,895 $TRUMP for 23.8M $USDC just now.This whale spent 12M $USDC to buy 860,895 $TRUMP at $13.94, then sold it at $27.67, making a profit of $11.8M!https://t.co/1f98ch5Pi4 pic.twitter.com/nfuYYShyij