ChainGPT AI News

Former FTX CEO Sam “SBF” Bankman-Fried, currently in prison, has discussed his political donations, highlighting a change in his political stance after significant contributions during the 2020 US elections. In an interview with The New York Sun, SBF revealed that he supported the Democratic Party in 2020 to prevent it from aligning with Bernie Sanders. He expressed dissatisfaction with the Biden administration and the Democratic Party, leading to a shift towards the Republican Party. Before FTX

Elon Musk, the CEO of Tesla and SpaceX, has caused a significant increase in Dogefather-themed tokens with his recent post on X (formerly Twitter). Musk's social media posts, especially those related to meme coins or his nicknames, often attract a lot of attention due to his large following and influence in the crypto community. In his latest post, Musk shared an image of himself holding a chainsaw with the words 'The Dogefather' in the background. This term is a well-known nickname for Musk in

SUI has seen a recent uptick in market cap to $10.5 billion, but is still recovering from a 26% drop in the last month. Technical indicators are mixed, with the CMF at -0.06 showing reduced selling pressure and cautious market sentiment. The Ichimoku Cloud hints at consolidation and a potential bullish breakout, while EMA lines suggest a golden cross may be forming. Despite the negative CMF value, signs of recovery indicate easing selling pressure and a possible shift in momentum. The article di

Pi Network (PI) recently launched with the largest airdrop in crypto history, surpassing Uniswap. However, its price has been volatile post-launch. The ADX and RSI indicators have shown significant drops, indicating a lack of clear trends and a shift from extreme buying pressure to caution. If selling pressure persists, Pi may test support at $0.71, while a reversal could lead to testing resistance at $1.02 and potentially rising to $1.26. The ADX drop suggests fading momentum and a weakening tr

Antoine Mingo, the original artist for Pudgy Penguins, left the project in 2023 due to creative differences and is now leading the art for a new NFT collection called Burrrs on Berachain. Mingo's departure from Pudgy Penguins stemmed from disagreements with the leadership over his artistic vision. Despite the success of his artwork for the Ethereum project, Mingo sought more creative freedom, which he found in the Burrrs NFT collection. The artist expressed his frustration with the lack of creat

The US Securities and Exchange Commission (SEC) has given the green light to YLDS, the first stablecoin that generates yield. YLDS is now officially recognized as a public security. This groundbreaking stablecoin offers a risk-free yield based on the Secured Overnight Financing Rate (SOFR) at 3.85%, without the need for staking or lockups. Unlike traditional stablecoins tied to fiat currencies, YLDS stands out by providing consistent returns to its holders. Investors can receive their 3.85% APR

Societe Generale-FORGE (SG-FORGE) has announced the extension of its EUR CoinVertible stablecoin (EURCV) to the Stellar blockchain. Initially launched in 2023 on Ethereum, the EURO-backed stablecoin was planned for expansion to Solana and XRP Ledger. However, SG-FORGE revealed that the stablecoin will now be operational on the cross-border payments network. This move brings the MiCA-compliant EURCV to Stellar, making SG-FORGE one of the authorized stablecoin issuers in the EU. With full complian

CryptoQuant CEO Ki Young Ju has announced the arrival of the long-awaited altcoin season, but with a unique twist. Unlike previous cycles driven by Bitcoin-to-altcoin capital rotation, this season is fueled by stablecoin holders. Ju notes that only select altcoins are experiencing gains, with trading volumes surpassing Bitcoin. However, he warns that this is not a broad rally but rather a PvP fight for a fixed pie. Some traders are skeptical of Ju's definition of alt season, while others believe

Asset manager VanEck suggests that a Strategic Bitcoin Reserve could help alleviate the US' $36 trillion debt. Inspired by the BITCOIN Act proposed by Senator Cynthia Lummis, VanEck has created an interactive tool to explore the potential impact. The tool allows users to simulate various scenarios by adjusting factors like debt and Bitcoin growth rates, purchase price, and total Bitcoin quantity in reserve. VanEck's analysis indicates that accumulating 1 million BTC by 2029 could offset $21 tril

Ethereum co-founder Vitalik Buterin proposed hosting Devconnect in Argentina following the LIBRA fallout. He expressed optimism about the country's crypto scene and praised its potential for real-world crypto applications. Buterin's positive remarks about Argentina's builders and their contributions to the Ethereum ecosystem were well-received. Despite his criticism of political meme coins, he remains hopeful about Argentina's role in the crypto space. Buterin's suggestion to host Devconnect in

GameStop's stock surged 18% in after-hours trading on rumors of exploring investments in cryptocurrencies. A CNBC report on Feb. 13 suggested the company might venture into alternative asset classes like Bitcoin. However, GameStop is still evaluating the feasibility of such a move. The stock briefly peaked at $31.30 before settling at $28.36, marking a 7% gain. Additionally, a Solana-based memecoin named GameStop (GME) surged 45% to $0.0027 before dropping to $0.0025. Despite speculation fueled

US mining companies are facing delays in receiving shipments of ASICs from Chinese manufacturer Bitmain, impacting Bitcoin mining profitability. The delays are a result of increased scrutiny by the US Customs and Border Protection on Chinese-manufactured ASICs. This crackdown began in November 2024, leading to months-long detentions of ASIC shipments at US ports. The US Department of Commerce, under the Biden administration, also restricted AI company Sophgo, linked to Bitmain, from receiving US

Danielle Sassoon, the acting US Attorney for the Southern District of New York (SDNY) following Edward Kim's departure, reportedly resigned. The resignation came after a directive from a US Justice Department official appointed by President Trump to halt a corruption case against NYC Mayor Eric Adams. Sassoon was involved in prosecuting former FTX CEO Sam Bankman-Fried and other crypto-related cases. Mayor Adams faced corruption charges in 2024 for allegedly accepting illegal donations from the

The FBI's 'Operation Level Up' has notified over 4,300 individuals to prevent cryptocurrency investment fraud, saving potential victims $285 million between January 2024 and January 2025. The bureau intervened in romance and 'pig butchering' scams, urging the public to pause and assess situations to avoid falling for scams. In 2023, Americans lost over $5 billion to crypto fraud, with a focus on targeting the elderly. Chainalysis predicts a rise in crypto scams in 2025 due to AI advancements. Th

US President Donald Trump announced plans to unveil reciprocal tariffs on import goods from trading partners on Feb. 13. The news caused concern in the crypto and stock markets as countries like Canada, Mexico, and China considered counter-tariffs. Market analysts are divided on the potential effects of these tariffs on the crypto markets and the broader US economy. Trump's hints at tariffs have raised fears of higher consumer prices, increased inflation, and market volatility. The recent US Con

A collector recently discovered a Bitcoin redemption card worth over $100,000 in a $50 pack of trading cards. The card, part of Cardsmiths' 2024 Holiday Currency Set, allows redemption for a single BTC. Alongside festive and crypto-themed cards, these redemption cards are rare, with a chance of 1 in 96 packs. This find highlights the potential for extraordinary experiences in every pack. Cardsmiths has previously seen similar discoveries, with this being one of the largest redemptions. The set a

Elon Musk is spearheading the Department of Government Efficiency (DOGE), a U.S. government initiative aimed at reducing the federal budget deficit. DOGE, not an official government department, will operate outside the traditional system. Musk, along with a team of 30 individuals, plans to streamline government operations by proposing cost-cutting measures to Congress. Despite skepticism, the initiative has gained traction, with GOP congressmen forming the DOGE Caucus to advocate for its directi

Doodles, a prominent NFT brand, is undergoing a transformation led by new CEO Scott Martin. The company is moving away from corporate tie-ins and launching its own token, DOOD, on the Solana blockchain. Martin aims to prioritize risk-taking, transparency, and authenticity, acknowledging past missteps in trying to cater to both crypto holders and mainstream consumers. By focusing on community engagement and meaningful partnerships, Doodles seeks to redefine its brand identity. The decision to lau

The native token of Sui Network, SUI, has experienced a remarkable 8% surge today, bringing hope to the Layer 1 blockchain and smart contract project. Recently hitting a milestone of $500 million in stablecoin market capitalization, SUI's price climbed from $3.13 to $3.52, marking an 8.33% increase. Trading volume also rose by 56.56% to $1.81 billion, with a market capitalization of $10.88 billion, placing SUI at the 12th spot. Technical indicators suggest a neutral sentiment, with the RSI at 47

A cryptocurrency trader earned nearly $28 million by investing in memecoins inspired by Binance co-founder Changpeng “CZ” Zhao's dog, Broccoli. Following Zhao's reveal of his dog's name on Feb. 13, a surge of Broccoli-themed memecoins emerged on platforms like Solana’s Pump.fun and BNB Smart Chain’s Four.Meme. Seizing the social media hype, an unidentified trader purchased almost every Broccoli memecoin, eventually profiting $27.8 million. Despite the lack of utility, memecoins have made million