Author: Emma Davis

Article written by Emma Davis

The US State of Montana rejects the idea of a Bitcoin Reserve bill.

February 24, 2025 1 min read

The crypto market has experienced a decline over the weekend. Bitcoin has fallen back to $95,000 after nearing $100,000 just days earlier. This drop has also affected altcoins, leading to minor price decreases. However, there has been a rise in trading activity following the weekend slump. Montana’s House Representatives voted against a Bitcoin Reserve Bill in the United States. This bill aimed to include Bitcoin, digital assets, and stablecoins as

Bybit sees a $4B liquidity influx and processes 350,000+ withdrawal requests

February 23, 2025 1 min read

Bybit experienced a significant event after a hack that resulted in the theft of $1.5 billion in crypto assets. In just 12 hours following the hack, Bybit saw an influx of $4 billion. This included 63,168 ETH, $3.15 billion in USDT, $173 million in USDC, and $525 million in CUSD. The exchange faced a historic surge in withdrawal requests. Many users were concerned about the possibility of insolvency due to

The SEC delays key crypto lawsuits

February 21, 2025 2 mins read

The SEC is delaying major lawsuits related to cryptocurrency, possibly to buy time before dismissing them. This tactic was evident in the Coinbase case, where the SEC asked for a deadline extension. However, it has not yet formally dropped its most notable cases. Under Gary Gensler’s leadership, the SEC took legal action against several crypto firms, including Ripple and Kraken. Now, with changes in leadership, the SEC seems less aggressive.

A crypto user burns $1.65M in ETH, donates $5.35M

February 19, 2025 1 min read

Hu Lezhi, a crypto user, has gained attention for burning $1.65 million in Ethereum and donating $5.35 million. His actions involved unsettling messages about mind control and suicidal thoughts, causing worry in the crypto community. A meme coin has been created to capitalize on the event’s fame. An anonymous Ethereum user, Hu Lezhi, burned 500 ETH, worth around $1.65 million. He accused his employer, Kuande Investment, of using brain-computer technology

Argentina President Denies Promoting LIBRA

February 19, 2025 2 mins read

President Javier Milei recently addressed the controversy surrounding LIBRA, a meme coin project. In an interview, he denied promoting LIBRA, stating he only shared information about it to help Argentine entrepreneurs. He described the situation as a harsh lesson and plans to tighten access to him in the future. Milei claimed that most investors affected by the LIBRA incident were experienced traders from the U.S. and China, not Argentinians. He

As a shareholder, “Binance is not for sale,” CZ

February 18, 2025 1 min read

The former CEO of Binance, now leading YZi Labs, addressed rumors about the exchange being for sale. He attributed these rumors to fear, uncertainty, and doubt (FUD) from a competitor in Asia. On February 17, he stated on X that as a shareholder, Binance is not for sale. Yi He, Binance’s co-founder, echoed these sentiments. She dismissed the claims as originating from a rival. Yi mentioned that Binance regularly receives

U.S. states invest in Strategy stock to gain indirect exposure to Bitcoin

February 18, 2025 1 min read

Several U.S. states, such as California, Florida, Wisconsin, and North Carolina, are investing in Strategy stock, previously known as MicroStrategy. This investment allows them to gain indirect exposure to Bitcoin. Strategy’s aggressive approach to acquiring Bitcoin has boosted its stock performance. State pension funds view this as a way to benefit from Bitcoin’s long-term potential without directly buying the cryptocurrency. California is leading these investments. The State Teachers Retirement System

Strategy’s STRK becomes the top-performing US-listed perpetual security

February 17, 2025 1 min read

Strategy’s STRK has emerged as the leading US-listed perpetual security since its launch in 2022. It made a strong debut, quickly outperforming similar securities in both price and liquidity. STRK initially surged to $100 but later stabilized around $48. Its trading volume is seven times higher than the average for comparable securities. On February 15, MicroStrategy founder Michael Saylor praised STRK’s rapid growth and high demand. He pointed out that

Argentina’s President withdraws support for LIBRA token

February 15, 2025 1 min read

Argentina’s President Javier Milei has recently retracted his support for the LIBRA meme token. Initially, he endorsed the token, which was linked to the Viva La Libertad Project aimed at boosting Argentina’s economy. However, he later stated that he had no connection to the project and admitted he did not research it properly before tweeting his support. Once he learned more about the token, which saw an 85% drop in

Blum raises $5M to enhance its AI-powered Telegram trading platform

February 14, 2025 2 mins read

Blum is a decentralized exchange (DEX) that operates on Telegram. It has recently raised $5 million to improve its AI-driven trading platform. The funding round was led by gumi Cryptos Capital, with support from other notable firms like Spartan and OKX Ventures. The money will be used to enhance Blum’s trading bot and Memepad platform, aiming to strengthen its role in the TON ecosystem. Since launching in July 2024, Blum

The SEC acknowledges four new Solana ETF applications

February 13, 2025 1 min read

The SEC has recently acknowledged four new ETF applications related to Solana, raising hopes for their approval. Analysts are divided, with some believing that Litecoin or Dogecoin ETFs may have a better chance of being approved first. However, the SEC seems to be focusing on Solana-related filings. On Tuesday, the SEC began a public comment period for the Canary Solana Trust, proposed by Canary Capital. It also recognized similar applications

Binance’s former CEO CZ denies buying meme coins

February 10, 2025 2 mins read

Changpeng Zhao, known as CZ, is the co-founder and former CEO of Binance. He recently addressed rumors about his involvement with meme coins, stating he has never bought any. CZ understands the appeal of meme coins but focuses on long-term fundamentals instead of short-term trends. The conversation started after the TST token gained attention due to a tutorial by Binance’s BNB team on launching meme coins. This led to speculation