Author: Judith Faith

Article written by Judith Faith

The White House Official X account promotes Bitcoin

March 9, 2025 1 min read

A surprising post about Bitcoin was shared on the White House’s official X account on a Saturday night. The post declared, “America as the world’s Bitcoin superpower,” echoing a slogan from the Trump administration, “America’s golden age has begun.” It included a photo of former President Donald Trump signing the Bitcoin Strategic Reserve Executive Order alongside David Sacks, the US cryptocurrency and artificial intelligence chief. This unexpected post did not

David Sacks slams allegations of financial misconduct as slander and defamation

March 9, 2025 1 min read

David Sacks has responded to accusations that he manipulated crypto markets for personal gain. He called these claims baseless during an episode of The All-In Podcast. Sacks, who is involved with AI and crypto in the White House, faced serious allegations suggesting he inflated his crypto holdings. He emphasized that he sold all his crypto assets before joining the administration to avoid any conflict of interest. This included Bitcoin, Ethereum,

Binance experiences a surge in net inflows after the Bybit hack

March 6, 2025 1 min read

After the Bybit hack, Binance saw a huge increase in net inflows, reaching $3.9 billion in just one week. This was a big jump compared to previous months. The hack was the largest theft in crypto history, causing Bybit to drop from the second-largest exchange to the eleventh. As users left Bybit, Binance took advantage of the situation, bringing its total net inflows for February to $5.32 billion. In contrast,

Bybit hackers are near completing the laundering of $1.5 billion in stolen ETH

March 3, 2025 1 min read

North Korean hackers involved in the Bybit breach are close to laundering 499,000 ETH, valued at around $1.5 billion. They have already moved about 70% of the stolen funds and expect to complete the process in three days. The hackers used various methods, such as intermediary wallets and decentralized exchanges, making it hard for investigators to track the stolen ETH. Criticism has grown against Circle, the issuer of the USDC

President Trump to host the first-ever White House Crypto Summit

March 2, 2025 1 min read

President Donald Trump will host the first White House Crypto Summit on March 7. This event will bring together industry leaders, CEOs, investors, and members of the President’s Working Group on Digital Assets. David Sacks, the White House AI and Crypto Czar, shared this on X. The summit comes after Trump’s recent executive order. This order forms a group to help make America a leader in cryptocurrency. Sacks will lead

Bitcoin Reserve bills face setbacks as Republican divisions grow

February 26, 2025 1 min read

Bitcoin Reserve bills are facing major obstacles. Several Republican-led states are turning down these proposals, despite some early backing. The split among GOP members has cast doubt on the future of these bills. Recently, about 30 states have attempted to pass laws to add Bitcoin to their state reserves. Use Bitcoin to protect against inflation. Experts say that if these bills pass, it could result in billions in Bitcoin purchases,

The SEC ends its probe into OpenSea without legal action

February 25, 2025 1 min read

The SEC has ended its investigation into OpenSea without taking legal action or labeling NFTs as securities. This is a significant victory for the NFT industry and a relief for OpenSea as it prepares to launch its token in 2025. OpenSea’s CEO, Devin Finzer, praised the SEC’s decision. He called it a win for the web3 and NFT community. Finzer criticized the SEC’s attempt to regulate NFTs under current laws.

SEC set to drop lawsuit against Coinbase

February 22, 2025 1 min read

Coinbase, a US-based cryptocurrency exchange, is experiencing a significant development. The Securities and Exchange Commission (SEC) has reportedly agreed to dismiss its lawsuit against Coinbase. This news was shared by Coinbase in a blog post on February 21. CEO Brian Armstrong also discussed it in an interview with CNBC. Paul Grewal, Coinbase’s chief legal officer, stated that the SEC staff has agreed to dismiss the case, pending approval from the

Over $2 billion in Bitcoin and Ethereum options set to expire

February 21, 2025 1 min read

Over $2.04 billion in Bitcoin and Ethereum options are about to expire in the crypto market. This situation raises worries about more market ups and downs. Bitcoin has key resistance levels, and Ethereum is having trouble staying stable. This uncertainty makes traders unsure about the short-term direction of cryptocurrencies. Bitcoin options contracts are worth more than $1.6 billion. Analysts see a put-to-call ratio under 1 for Bitcoin and Ethereum. This

Uniswap CEO Hayden Adams claims flawed token launches are intentional

February 19, 2025 1 min read

Uniswap CEO Hayden Adams has sparked a conversation in the crypto community. He says many token launches are done on purpose, not by mistake. His comments follow the rise of controversial meme coins such as LIBRA, MELANIA, and TRUMP. These tokens face accusations of price manipulation and pump-and-dump schemes. Adams said in a post on X that flawed token launches are usually planned. He said that if a token launch

ByBit launches Avalon Token (AVL) on Bybit Spot.

February 17, 2025 1 min read

Avalon Labs has partnered with Bybit, the second-largest crypto exchange, to launch Avalon Token (AVL) exclusively on Bybit Spot. This partnership introduces an incentive-based savings plan through Bybit Earn. Participants can earn annual percentage rates (APRs) of up to 50% during a structured staking period. Approximately 10,000 USDT worth of AVL tokens will be distributed to qualified users as rewards. Avalon Labs is the largest issuer of Bitcoin-backed stablecoins. Their

The SafeMoon team launches a memecoin on Solana (SOL)

February 15, 2025 1 min read

The SafeMoon team is set to launch a new memecoin on the Solana blockchain. This event will take place on Saturday at 1:00 AM UTC. The team has taken significant steps to manage their existing tokens. They have burned 2.2 trillion SFM tokens across three networks: Ethereum, Polygon, and Binance Smart Chain. Most of the tokens on Ethereum and Polygon have been eliminated. Additionally, about 60% of the Binance Smart