Stablecoins Fuel Illicit Amazon Gold Trade
Venezuelan illicit gold trade increasingly uses $USDT, according to a GI-TOC report. A new U.S. bill aims to curb this by addressing crypto’s role in laundering. #Update #Crypto $USDT
Solana Surges: First Bullish Signal Since January
Solana’s $SOL SuperTrend indicator turns bullish for the first time since January, suggesting potential market rally. Recent gains show 11.15% growth in 30 days. #Update #Crypto $SOL
Solana Launchpad Bonk.fun Hit by Attack
Bonk.fun, a Solana-based meme coin launchpad, suffered a domain hijack and wallet drainer attack; the domain remains compromised. #Update #Crypto $SOL
Bitcoin Declared Ponzi Scheme by Boris Johnson
Former UK Prime Minister Boris Johnson labeled Bitcoin a “Ponzi scheme,” claiming it holds less value than Pokémon cards, prompting backlash from the crypto community defending Bitcoin’s fundamentals. #Update #Crypto $BTC
Decentralized Compute Faces Uncertain Future
@CharlesHoskinson defended the role of hyperscalers like Google Cloud and Microsoft Azure at Consensus in Hong Kong, arguing they are essential for decentralized computing despite inherent risks. #Update #Crypto $ADA
Ethereum Foundation Sells $10.2M ETH to BitMine
The @ethereumfndn sold 5,000 $ETH to BitMine Immersion Technologies for $10.2M, funding core operations and activities. #Breaking #Crypto $ETH
Bitcoin Plunge: Strategy’s $3.35B Loss
MicroStrategy’s Bitcoin investment is $3.35 billion in the red as Michael Saylor advises investors to remain patient. #Update #Crypto $BTC
Bitcoin ETFs Surge with $180M Inflows
Bitcoin exchange-traded funds (ETFs) see $180M inflows over five days, while Ether and Solana ETFs gain; XRP ETFs remain inactive. #Update #Crypto $BTC
Bank of England Eases Stablecoin Rules
The Bank of England may ease stablecoin regulations after industry feedback on proposed holding limits, considering alternative measures to manage financial stability risks. #Update #Crypto
Digital Dollar Surges as Circle Nears Tether
Tether’s $USDT maintains a 58% market share with $186B circulation, while $USDC grows to $79B after 72% annual growth, signaling a shift in stablecoin dynamics favoring regulated payments. #Update #Crypto $USDC
Bitcoin Climbs as U.S. Deploys Warships
U.S. President Donald Trump announced plans to deploy warships to the Strait of Hormuz, causing Bitcoin to rise to $71,000 before settling around $70,000. #Update #Crypto $BTC
Bitcoin Surges as STRC Eyes $776M Purchase
Bitcoin ($BTC) gains over 7% this week, reaching around $70,625, as @STRC raises $776M for potential BTC purchases amid geopolitical tensions. #Update #Crypto $BTC
Tokenized Stocks Launch but Institutions Hesitate
Wall Street is advancing towards tokenized equities with 24/7 trading, but institutional investors express concerns about instant settlement’s impact on liquidity and costs. #Update #Crypto $BTC
Bitcoin Ponzi Scheme Judge Rejects RICO
A federal judge dismissed RICO claims in a lawsuit against pastor Eddy Alexandre, who pleaded guilty to commodities fraud linked to a $248M crypto Ponzi scheme. #Update #Legal