General category for all types of news related to the cryptocurrency world.
John Bigatton, a BitConnect promoter, was convicted by ASIC for unlicensed financial advice from Aug ’17 to Jan ’18. He’s barred from managing corporations for nearly five years. This case underscores the importance of licensing in crypto services to protect investors. #CryptoRegulation
Pendle Finance’s native token, $PENDLE, surged 14% to $4.38 after recovering from a domain hijack. Trading volume hit $77.6M, and its market cap rose to $683M. The team secured the protocol within 40 minutes. #Update #CryptoNews
Wallet linked to GCR (@GiganticRebirth) made $8.3M from 1.08M $TRUMP tokens after a foiled attempt on Trump’s life. MAGA token surged 60%, now up 42% with a $334M market cap. Trump’s Bitcoin 2024 speech may further impact crypto markets. #Crypto #Update
Whistleblowers filed a complaint with the SEC, accusing @OpenAI of illegal practices limiting employees’ rights to report safety issues. They claim OpenAI’s severance and nondisclosure agreements violated federal whistleblower protections. OpenAI has since adjusted its policies. #AI #Update
Whale investors have accumulated over $5.63M worth of $MKR, driving an 11% price increase this week. Two key whales bought 2,242 MKR tokens, with one investing $3.63M since June 27. MKR trades at $2,616.16, up 5.16% in 24 hours. #Update
SATS, the native token of the Satoshi Network, surged 63% this week, leading the top 200 cryptocurrencies. Despite an 8% dip in 24 hours, SATS is up 3,999% year-over-year. #Update #CryptoNews $SATS $BTC
U.S. Treasury Sec. Janet Yellen warns that sanctions may weaken the dollar’s global dominance. Countries like BRICS are seeking alternatives. Crypto expert Gabor Gurbacs suggests deregulating financial policies might help, while some lawmakers favor embracing crypto to bolster the dollar. #Finance #Crypto
FDIC nominee Christy Goldsmith Romero, backed by President Biden, asserts banks should freely serve digital asset firms. This marks a potential regulatory shift, aligning with the SEC’s move to ease crypto compliance rules. #CryptoRegulation #Update
Bitcoin’s decentralized architecture fosters “decentralized antagonism,” ensuring consistent rules without centralized control, says Pierre Rochard, VP of Research at @RiotPlatforms. This model promotes diverse political dynamics and innovation, solidifying Bitcoin as “digital gold.” #Cryptocurrency #Update
China and Kazakhstan have teamed up to study Central Bank Digital Currencies (CBDCs), focusing on joint research and training. This partnership aims to enhance cross-border transactions and financial inclusion. #CBDC #Update
eTukTuk’s P2E presale ends in 3 days after raising $3.5M. 30% of TUK tokens burned, driving investor interest. $TUK debuts on Uniswap July 16. Earn rewards driving virtual tuk-tuks in Sri Lanka. #Update #P2E #crypto
Arcana is simplifying web3 with a chain abstraction solution, 100+ partners, and 21,000+ SDK downloads. This protocol eliminates multiple assets and gas fees, enhancing UX, DevEx, and capital efficiency. #Blockchain #Update
OpenAI unveils its next-gen AI model “Strawberry,” which autonomously scans the internet for deep research, pushing AI capabilities closer to human intelligence. Built on the Q-Star legacy, it aims to transform industries and solve complex problems. #AI #Update
Federal Judge Katherine Polk Failla has postponed Tornado Cash co-founder Roman Storm’s trial to early December. The trial will address whether Storm can be held accountable for user actions, including alleged money laundering by North Korean hackers. This case could set a precedent for developer responsibility. #CryptoLaw #Update
