Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

Ethereum whale secures $16.8M profit with a 50x short position

February 2, 2025 1 min read

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.

Pro-crypto Super PAC Fairshake raises $116 million for the 2026 midterms

February 1, 2025 2 mins read

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 gets a class action lawsuit for violating U.S. securities laws

February 1, 2025 1 min read

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 removes references to its Ripple lawsuit from its website

January 30, 2025 2 mins read

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 plans to repay $1.05 billion in debt early

January 25, 2025 1 min read

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 users slam the exchange over 14-hour Solana transaction delays

January 23, 2025 2 mins read

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

BTC has pulls back to $100K as Melania Trump launched her own memecoin

January 20, 2025 1 min read

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

Solana’s TVL Hits $10B

January 20, 2025 1 min read

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

VanEck files with the SEC to launch its “On-chain Economy” ETF

January 17, 2025 1 min read

VanEck has submitted a proposal to the US Securities and Exchange Commission (SEC) for a new Exchange-Traded Fund (ETF) called the “On-chain Economy.” This ETF will focus on companies and financial instruments related to the crypto industry but will not directly invest in cryptocurrencies. The ETF aims to allocate at least 80% of its net assets to “Digital Transformation Companies” and “Digital Asset Instruments.” Digital Transformation Companies include crypto exchanges,

Memecoin Toshi pumps by over 135% following Coinbase’s listing

January 16, 2025 1 min read

Toshi (TOSHI) is a memecoin on the Base network that recently surged over 135% in just 24 hours. This spike followed Coinbase’s announcement to include Toshi in its future listing plans. Despite this rally, Toshi’s performance remains erratic, showcasing the volatility typical of the cryptocurrency market. In early 2024, Toshi’s market cap reached a high of $73.66 million but later fell to $51.36 million. However, as market conditions improved, Toshi

Mango Markets shuts down operations

January 13, 2025 1 min read

Mango Markets, a decentralized exchange on the Solana blockchain, is shutting down due to legal issues, including a settlement with the US Securities and Exchange Commission (SEC). Launched in August 2021, Mango aimed to offer fast and affordable trading using its MNGO token. However, in September 2024, the SEC charged Mango DAO, the platform’s governing body, for selling unregistered MNGO tokens during a fundraising round that raised over $70 million.

Oklahoma man pleaded guilty to operating a $9.4M fraudulent crypto investment firm

January 11, 2025 1 min read

An Oklahoma man pleaded guilty to operating a $9.4M fraudulent crypto investment firm. Travis Ford, a 35-year-old man from Oklahoma, has pleaded guilty to conspiracy to commit wire fraud. He was involved in running a fraudulent crypto investment firm called Wolf Capital Crypto Trading LLC. The U.S. Department of Justice announced this on Friday. Ford was the co-founder, CEO, and head trader of Wolf Capital. He encouraged people to invest