Article written by Mahamat Ashraf

BONK memecoin to burn 1 Trillion tokens by Christmas

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Bonk‘s “BURNmas campaign” is in the news for its goal to burn 1 trillion tokens, targeting a price of $0.11, which would mean a huge 328,000% rise from its current value. The recent news about the token being listed on the Robinhood exchange has increased interest, leading to a 30% price jump in just one day. Investor excitement indicates a bright future for the token. The current token burn effort

Hawk Tuah investors file a lawsuit against promoters

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Investors in the Hawk Tuah meme coin have filed a lawsuit against its creators and promoters, claiming securities fraud after the token’s sudden drop. The plaintiffs argue that the token was falsely advertised as providing benefits similar to those of shareholders, which violates securities laws. Hailey Welch, who is connected to the project, is not a defendant and will not take part in the legal proceedings. Hawk Tuah started in

Bitwise targets Europe with its new Solana staking ETP

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Bitwise has launched a Solana staking ETP called BSOL in the European Union, as the firm adjusts to regulatory challenges in the United States. BSOL is being introduced while efforts to create a Solana ETF in the US have stalled, as securities laws prevent these products from providing staking rewards. BSOL seeks to draw European investors with annual staking rewards of up to 8%, making it an attractive option compared

Trump proposes Bitcoin reserve to secure U.S. economic leadership

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Recently, U.S. President-elect Donald Trump shared his positive views on Bitcoin, seeing it as an important asset for keeping America’s economic strength. Trump suggested creating a Bitcoin reserve, similar to the country’s oil reserves, to strengthen the U.S. economy and reduce inflation risks while addressing a virtual audience. The move from careful rules to getting involved in the cryptocurrency market could greatly affect Bitcoin’s value, with estimates saying it might

BlackRock’s Bitcoin ETF surpasses all 50+ European regional ETFs combined

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BlackRock’s Bitcoin ETF, called IBIT, has achieved a major milestone by gathering more assets than all 50+ European regional ETFs put together, even though many of these funds have been around for over 20 years. This fast growth shows that more people in finance are accepting crypto. Since it started in January, IBIT has broken records and now holds almost half of all Bitcoin ETF assets, exceeding the value of

Zero capital gains tax from January for Bitcoin holders in Czech Republic

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On December 6, 2023, the Czech Republic approved a change that will exempt income from cryptoasset transfers from personal taxes. This will start on January 1, 2025. This law lets people exclude this income if their total earnings from these transactions are under CZK 100,000 and if they have held the digital assets for more than three years before selling them. The framework reflects current exemptions for securities but has

Mt. Gox transfers 24,052 BTC after Bitcoin breaks a key milestone

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Bitcoin has recently achieved a significant milestone by surpassing the $100,000 mark, coinciding with a notable transfer of 24,052 BTC by the defunct exchange Mt. Gox to a new wallet. This transaction, valued in the billions, has ignited speculation regarding its intent, with analysts divided on whether it relates to creditor repayments or an internal reallocation of assets. The timing of the transfer, shortly after Bitcoin’s price breakthrough, has raised

XRP surges by over 20% in 24 hours, surpassing Tether (USDT) in market cap

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XRP (XRP) has surged in recent weeks, reclaiming its position as the world’s third-largest digital asset by market capitalization at $139 billion. This rise has displaced Tether’s USDT and reflects renewed market interest, particularly among retail traders. Factors like XRP trends on TikTok, speculation around a Ripple-issued stablecoin, and potential ETF approval are driving this momentum, according to Mena Theodorou, co-founder of Coinstash. Meanwhile, Bitcoin (BTC) continues to battle the psychological $100,000 milestone, trading

Bhutan’s Bitcoin reserves now exceed $1 billion as the nation boosts its holdings through mining

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Bhutan has made headlines by amassing over $1 billion in Bitcoin, thanks to the cryptocurrency’s impressive rise in value this year. According to Arkham Intelligence, the country has been actively mining Bitcoin since 2021 and has ramped up its efforts recently. This surge in holdings aligns Bhutan with other nations, like El Salvador, that are investing in Bitcoin at the state level. Recently, Bhutan transferred around 900 BTC, valued at

VanEck partners with Kiln to offer institutional investors easy access to Solana staking

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VanEck, a prominent asset management firm, is enhancing its investment approach to Solana by teaming up with Kiln, a platform that specializes in digital asset rewards. This collaboration aims to simplify the staking process for institutional investors, allowing them to enjoy the benefits of Solana staking without the hassle of managing technical details or handling SOL tokens directly. By integrating staking solutions into its investment offerings, such as exchange-traded notes

Bitcoin open interest sets record highs as BTC price surpasses $72.5K

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Bitcoin futures have recently hit a record high in open interest, surpassing $72,500 for the first time since June. This surge in open interest, which now exceeds 20,000 BTC valued at around $2.5 billion, indicates a strong interest in Bitcoin as traders flock to the market. High open interest often suggests that new investments are entering, potentially leading to increased volatility as contracts approach expiration. Despite the excitement, funding rates

Tether is being investigated by the US Treasury Department

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The USDT stablecoin, issued by Tether, is reportedly under investigation by the US Department of Justice for potential violations of anti-money laundering laws. This news comes on the heels of Tether’s CEO, Paolo Ardoino, advocating for clearer regulations in the cryptocurrency space. According to the Wall Street Journal, the inquiry is focused on whether Tether has engaged in activities that could violate sanctions or facilitate money laundering, including connections to