Over 13,000 investors in the LIBRA memecoin endorsed by Argentine president Javier Milei lost a combined $251 million, according to blockchain research firm Nansen. Onchain data shows the hardest hit investors of the Libra memecoin pump and dump scheme lost a combined $251 million. Blockchain research firm Nansen found that of the 15,430 wallets that…
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Some in the crypto community are outraged about the lack of legal clarity around memecoins like Libra, which collapsed soon after endorsement by Argentine President Javier Milei. The collapse of the Libra token, which was promoted by Argentine President Javier Milei, has reignited calls for stronger regulatory oversight of memecoins. “The blame for the Libra…
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“It seems like it’s some sort of price suppression,” Mow said during a panel discussion at Consensus Hong Kong. Bitcoin’s price action is raising concerns about possible market manipulation as the cryptocurrency continues trading in a tight range despite billions of dollars in institutional inflows. Bitcoin has been range-bound for over two months, trading between the…
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Will gaming crypto tokens ‘pop off’ this cycle? In late 2024, gamers were convinced that a “gaming bull run” was on the horizon, but now, everyone is unsure. The crypto market didn’t skyrocket like people expected after Donald Trump’s US presidential inauguration. Since Trump’s inauguration on Jan. 20, the three largest gaming tokens by market cap…
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Solana price plummets as a drop in onchain activity, declining DApps TVL and looming SOL token unlocks approach. Solana’s native token, SOL , dropped 17% between Feb. 14 and Feb. 18, currently trading near $164. The decline coincided with the launch of the Libra memecoin, which involved Argentina’s President, Javier Milei. Libra saw an 83% price…
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Michael Saylor’s Strategy is looking to raise another $2 billion via 0% convertible notes to purchase more Bitcoin, potentially adding to the firm’s 478,740 Bitcoin stash. The business intelligence services and Bitcoin buying firm formerly known as MicroStrategy is looking to raise another $2 billion through 0% senior convertible notes to purchase more Bitcoin. The…
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South Korea’s Personal Information Protection Commission says that DeepSeek has agreed to work with the agency to strengthen privacy protections before the app is relaunched. South Korea’s national data protection authority has temporarily paused the download of DeepSeek from app stores in the country while it investigates how the Chinese company handles user data. The…
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Elon Musk’s Department of Government Efficiency is “at the gates” of the SEC, according to reports. The United States Department of Government Efficiency, led by Elon Musk, has reportedly set its sights on the US Securities and Exchange Commission. Musk’s DOGE is expected to arrive at the SEC in the coming days, according to Politico,…
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A minor move for Ethereum has outpaced the border crypto market while exchange balances have declined. Ethereum prices have outperformed the broader crypto market over the past 24 hours in a rare move that resulted in a 12-day high, indicating “mild signs” of a rebound, according to Santiment. “Ethereum has shown mild signs of a…
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Chairman Powell recently told the Senate Banking Committee that the central bank does not need to rush to cut interest rates — much to the chagrin of…
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