Author: Mahamat Ashraf

Article written by Mahamat Ashraf

The SEC agrees to dismiss its lawsuit against Kraken without penalties

March 4, 2025 1 min read

Kraken announced on Monday that the US SEC has agreed to dismiss its lawsuit against the crypto exchange. This dismissal is with prejudice, meaning the case is permanently closed. There are no penalties, no required changes to Kraken’s business, and no admission of wrongdoing. The SEC filed the lawsuit in November 2023. They claimed that Kraken exchange had been operating as an unregistered securities exchange for years. The SEC also

US Congressman introduces Act to ban meme coins

March 2, 2025 2 mins read

Congressman Sam Liccardo has introduced the MEME Act. This bill aims to curb the rise of political meme coins, like the TRUMP token. It seeks to penalize those who create or endorse such coins. Although the bill may not pass, it highlights concerns about fraud in the crypto space, especially involving political figures. The TRUMP token’s launch caused controversy. Many investors were new to crypto, making them easy targets for

Citadel Securities plans to enter crypto as a major liquidity provider

February 26, 2025 1 min read

Citadel Securities wants to join the crypto market. The firm aims to be a top liquidity provider by teaming up with leading exchanges. Citadel is making this move to benefit from the current regulatory situation. Not everyone in the crypto community is pleased with this change. Citadel is a famous market maker with many assets. It has been tracking crypto trends for years. Citadel has invested in ETFs and is

Vitalik Buterin supports Argentina’s crypto community after the LIBRA scandal

February 21, 2025 1 min read

Vitalik Buterin strongly supports Argentina’s crypto community. He proposed that Argentina host Devconnect following the LIBRA scandal. President Javier Milei welcomed the idea, saying it was an honor for the country. Buterin’s stance on the LIBRA controversy remains unclear. Buterin praised Argentina’s crypto growth. He thinks it demonstrates how digital assets can offer true economic freedom. He is still hopeful about the country’s progress in blockchain and crypto, despite the

Over $2.5 billion worth of Solana tokens to be unlocked in March

February 20, 2025 1 min read

The crypto market has shown a slight recovery. The overall market cap increased by 0.30% to $3.18 trillion. The 24-hour trading volume rose by 6% to $102 billion. However, the market sentiment remains fearful, with the fear index dropping to 37. Solana (SOL) has been facing challenges recently. Its price fell from an all-time high of $295 to around $160. After a market correction in late January, SOL dropped below

The SEC reviews Grayscale’s applications for XRP and Dogecoin ETFs

February 14, 2025 1 min read

The US SEC has recognized proposed rule changes that would allow NYSE Arca to list and trade shares of the Grayscale XRP Trust and Grayscale Dogecoin Trust. This is an important step, especially for the Grayscale XRP Trust, as Ripple and the SEC are still in a legal battle over XRP’s classification. Bloomberg ETF analyst James Seyffart noted that a 45-day review period will start once the proposal is published

Ethereum Foundation moves 50,000 ETH

February 9, 2025 1 min read

Ethereum (ETH) is currently priced at $2,666.49, showing a slight increase of 1.91% over the last day. Its market capitalization has reached $321.4 billion, also up by 1.92%. However, the trading volume has significantly dropped by 48.83%, now at $15.15 billion, indicating less trading activity. Recently, the Ethereum Foundation moved 50,000 ETH, valued at $131.66 million, to a multi-signature wallet for DeFi (Decentralized Finance) activities. This action aligns with community

Dutch court releases the founder of Tornado Cash from prison

February 8, 2025 2 mins read

On February 7, 2025, Alexey Pertsev, the founder of Tornado Cash, was released from prison after several months. A Dutch court decided to end his pretrial detention, but he will remain under house arrest and monitored electronically. His case has drawn attention from those concerned about privacy and cryptocurrency, marking a significant moment in his legal battle. Pertsev had been detained since 2022 due to allegations of money laundering linked

Over $3 billion in Bitcoin and Ethereum options are set to expire today

February 7, 2025 1 min read

Today, over $3 billion worth of Bitcoin and Ethereum options are set to expire. This large volume of contracts is drawing attention from traders. They are closely monitoring how macroeconomic changes and Trump’s trade policies will affect short-term price movements. In the Bitcoin market, there are more buy contracts than sell contracts. This suggests that investors are feeling optimistic. However, the price point that is causing the most losses for

Senator Hagerty introduces the GENIUS Act to regulate stablecoins

February 6, 2025 1 min read

US Senator Bill Hagerty has introduced the GENIUS Act, a bill focused on regulating payment stablecoins. This legislation aims to enhance the US dollar’s dominance in the digital currency space. It follows an earlier draft discussed in October, marking a significant move towards establishing a legal framework for stablecoin transactions. The GENIUS Act defines payment stablecoins as digital assets used for payments, which are pegged to a stable value. The

Donald Trump’s World Liberty Financial faces a loss of over $50 million

February 3, 2025 1 min read

Donald Trump‘s new tariff system is causing turmoil in global markets, especially in the cryptocurrency sector. In the early hours in Asia, Bitcoin (BTC) and Ethereum (ETH) saw significant drops, with BTC falling over 6% and ETH plummeting more than 20%. In just 24 hours, the crypto market experienced over $2.2 billion in liquidations, leading to a total market cap decline of more than 11%. The impact of Trump’s tariffs

Mantra (OM) surges by over 50%

January 31, 2025 1 min read

The real-world asset (RWA) tokenization platform MANTRA (OM) has seen a significant price increase of over 50% in the past week. On January 31, it reached an all-time high of $5.87. This surge is linked to a new partnership with DAMAC Group, a luxury real estate firm in Dubai. Currently, MANTRA is trading at $5.47, with a market cap of $5.27 billion, reflecting a 14.99% increase. The trading volume has