A UAE-based crypto market maker, @CLSGlobal, admitted to a wash trading scheme on Uniswap, deceiving U.S. investors with fake volumes and facing penalties over $428K after an FBI sting. #Breaking #Legal #Crypto (-9) ↘
Anurag Pramod Murarka, an Indian national, received a 121-month prison sentence for laundering over $20 million through darknet platforms and an international hawala network, as announced by the U.S. Department of Justice (DOJ) on Jan. 17. #Breaking #Legal (-9) ↘
@Solana’s $SOL surged past $250, breaking key resistance levels and aiming for the $262 mark, with potential to reach $280 if momentum holds. The price is now supported above the 100-hourly SMA. #Update #Crypto $SOL (+4) ↗
@MicroStrategy shareholders will vote on a proposed stock increase to support its Bitcoin strategy, with current holdings at 450,000 BTC valued at $48.5 billion. The meeting is set for Tuesday morning in New York. #Update #Crypto $BTC (+6) ↗
@Avalanche is aligning with the Trump administration’s focus on innovation to boost blockchain adoption in the US, announcing a partnership with Aethir to enhance AI projects through a $100M fund. #Update #Blockchain (+6) ↗
Brian Armstrong, CEO of @Coinbase, stated that the exchange would delist $USDT if required by new U.S. legislation, emphasizing regulatory compliance and customer security at the World Economic Forum. #Update #Legal $USDT (-3) ↘
The @Ethereum Foundation faces criticism for its centralized operations, contrasting with its decentralized ethos, amid leadership changes and calls for transparency and visionary direction to maintain community trust and adapt to evolving political landscapes. #Update #Crypto $ETH (-4) ↘
@MicroStrategy shareholders have approved a 30x increase in authorized Class A shares to fund further $BTC purchases, aiming to enhance their Bitcoin strategy. The firm now holds 461,000 BTC worth over $49 billion. #Update #Crypto $BTC (+7) ↗
Bitcoin short-term holders are selling at a loss, impacting $BTC’s market dynamics as traders like Samuel Edyme navigate the volatile landscape shaped by past events like the FTX collapse and Terra Luna crash. #Update #Crypto $BTC (-3) ↘
@BankofAmerica CEO Brian Moynihan predicts a surge in crypto payments, asserting banks will rapidly adopt digital currencies once regulations are clarified, unlocking their transactional potential. #Update #Crypto (+3) ↗
Deep-pocketed investors are accumulating $DOGE, with crypto whales purchasing $640.5 million worth in two days, says trader Ali Martinez. Meanwhile, $TRUMP could surge if it breaks resistance, and $WIF may rally soon. #Breaking #Crypto $DOGE (+9) ↗
Donald Trump has granted a full pardon to Ross Ulbricht, the Silk Road founder, fulfilling a campaign promise. This move is celebrated by libertarians and crypto advocates who deemed Ulbricht’s original life sentence excessive. #Breaking #Legal (+8) ↗
@circle announced the acquisition of Hashnote, issuer of $USYC, and a partnership with DRW Cumberland to enhance $USDC liquidity in crypto and traditional markets. Circle aims to integrate USYC with USDC for better market accessibility. #Update #Crypto $USDC (+4) ↗
The U.S. Securities and Exchange Commission (SEC) has formed a Crypto Task Force led by Commissioner Hester Peirce to establish clear regulations for the crypto sector, aiming to enhance public engagement and collaboration. #Breaking #Legal @SECGov (+9) ↗
