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Changpeng Zhao, known as CZ and the former CEO of Binance, recently shared the story of his dog, Broccoli. This Belgian Malinois was named after CZ’s love for dogs and cryptocurrency. The post about Broccoli sparked a frenzy in the meme coin market. What started as a simple photo on X quickly led to the creation of dog-themed meme coins. Although CZ stated he was not launching a coin, the
The Holonym Foundation has acquired Gitcoin Passport to create a leading Proof of Humanity solution. This move will allow Human.tech to distribute 34.5 million zero-knowledge (ZK) credentials to Gitcoin Passport’s 2 million users. This is expected to produce over three times the identity proofs of Worldcoin. With this acquisition, Holonym Foundation aims to become a leader in Sybil detection and privacy-focused on-chain reputation. They plan to merge their Human Key
BlackRock, the largest asset management firm in the world with over $10 trillion in assets under management, is planning to launch a bitcoin exchange-traded product (ETP) in Europe. This news was reported by Bloomberg. The new fund will be based in Switzerland, and BlackRock may start marketing it as early as this month. This will be BlackRock’s first crypto-linked ETP outside the United States. Their U.S.-based iShares Bitcoin ETF has
President Donald Trump has signed an executive order to create a sovereign wealth fund, exciting Bitcoin supporters. This order instructs the Treasury and Commerce Departments to devise a plan within 90 days. The fund aims to enhance financial security, lower taxes, and boost the US economy. Sovereign wealth funds are government-managed investment funds that handle surplus money, often from trade or resource revenues. They invest in various assets like stocks,
An Ethereum whale made a significant profit of $16.8 million by shorting ETH just before a price drop. The whale used a 50x short position to take advantage of Ethereum’s 5% decline during a wider crypto market sell-off. At one point, ETH fell to $3,050, leading to over $81 million in liquidations for long positions. Currently, Ethereum is priced at $3,065.40, showing a 5.76% decrease in the last 24 hours.
Fairshake, a pro-crypto Super PAC, has raised $116 million for the 2026 midterm elections. Major donors like a16z, Coinbase, and Ripple have significantly increased their contributions. This funding aims to influence the political landscape in favor of cryptocurrency. The specific Senate races Fairshake will target remain uncertain. However, the political climate has changed. After Kamala Harris lost despite supporting crypto, anti-crypto sentiment in Congress has decreased, although some opponents still
Pump.Fun, a memecoin launchpad and trading platform, is facing a class action lawsuit for violating U.S. securities laws. The lawsuit claims that Pump.Fun offered risky unregistered securities to users and made around $500 million from fees. Diego Aguilar filed the lawsuit in a New York court, alleging that the platform’s activities do not comply with U.S. securities regulations. The lawsuit also names several officers from Baton Corporation, a UK-based company
The SEC’s recent actions have caused a stir in the crypto community. They have removed references to their lawsuit against Ripple from their website. This has led to speculation that the case might be dropped. However, legal experts confirm that the lawsuit is still active on PACER, the official court database. The legal dispute between Ripple and the SEC has been ongoing for four years. There have been rumors of
MicroStrategy, a company recognized for its investments in Bitcoin and business analytics software, has announced a plan to repay $1.05 billion in debt early. This debt was acquired through “convertible notes,” which are loans that investors can convert into company shares under specific conditions. The company intends to fully repay these loans by February 24, 2025, a process known as “redemption.” Investors have two options: they can either receive their
Coinbase is facing criticism due to long delays in processing Solana (SOL) transactions, with some users waiting over 14 hours. This has raised concerns about the exchange’s liquidity and operational methods. Many users suspect that Coinbase may be staking their SOL without permission, leading to delays when large withdrawals require unstaking. Users have reported frustrating experiences, with some transactions pending for more than a day. An investigative journalist shared that
Bitcoin (BTC) faced losses during Monday’s morning trading in Asia, dropping 4.5% to briefly fall below $100,000. Other cryptocurrencies like ETH, XRP, SOL, and BNB experienced even larger declines, with ADA and DOGE losing over 10%, according to CoinMarketCap. The recent trading frenzy was sparked by two new memecoins: TRUMP and MELANIA. TRUMP, linked to President-elect Donald Trump, saw a significant drop of 30% to $49 after its launch on
Donald Trump’s official memecoin has sparked significant interest in Solana (SOL), resulting in a notable increase in its price and trading volume. Following the announcement, SOL’s value surged over 23%, reaching a new all-time high. The total dollar value locked (TVL) on the Solana network has also risen, surpassing $12 billion, marking a significant recovery since the FTX collapse. The value locked in SOL has been steadily increasing, recently exceeding