Category: crypto

Binance Holdings Ltd, its founder Changpeng Zhao, and executive Guangying Chen are being sued for enabling transactions that supported Hamas in the Oct. 7 attack on Israel. Over 300 victims filed a lawsuit claiming Binance facilitated over $1B in transactions linked to terrorist groups. Zhao and Binance face multiple ongoing lawsuits.

Cardano founder Charles Hoskinson believes that the recent network split was a deliberate attack by a former stake pool operator. The incident caused a temporary fork in the network, with different node versions validating transactions differently. Hoskinson has referred the case to law enforcement, calling it a severe crime.

Pump.fun, a memecoin launchpad, has moved significant amounts of stablecoins to exchanges, leading to concerns from investors due to declining revenue. The platform’s native PUMP token has fallen below its issue price, and the official account and co-founder have been inactive since mid-November. This has raised worries among investors in the crypto community.

Dogecoin started the week strong, boosted by anticipation for the launch of Grayscale’s Dogecoin ETF. Technical indicators show mixed signals, with a bounce from a key Fibonacci level but negative momentum on the MACD. Despite institutional support, Dogecoin’s price is still influenced by meme-driven enthusiasm. Analysts predict potential short-term price swings based on ETF inflows.…

Solana price is showing a daily bullish divergence at $131 support, indicating early strength and potential for a short-term reversal to higher resistance levels. Momentum is shifting positively as Solana stabilizes at support and forms accumulation behavior. Key resistance levels are at $131 and later at $167.

JPMorgan upgraded Cipher and CleanSpark due to Bitcoin miners pivoting to AI use cases. However, the investment bank also cut targets for MARA and RIOT, citing risks of shareholder dilution. The report noted that mining firms have up to 33% more shares than accounted for, raising concerns about overvaluation.

JPMorgan faced backlash for closing accounts of Strike CEO Jack Mallers and warning about risks for bitcoin treasury companies. Crypto advocates urged customers to close accounts in response. The incident highlighted tensions between traditional banks and the cryptocurrency industry, with potential impacts on JPMorgan’s deposit and transaction flows.

Russian police arrested a man who attempted to rob a cryptocurrency exchange using fake grenades. This incident reflects a growing trend of crypto-related crimes in Russia, including thefts and threats targeting digital asset holders. The suspect is facing charges for attempted robbery and intimidation as the investigation continues.

Enso will fully integrate with the Monad mainnet launch on November 24, providing developers immediate access to DeFi tools and liquidity. This integration will streamline development, allowing builders to create applications for trading, lending, and more. Enso’s support for the launch will enable Monad to go live with full functionality from day one.

November is on track to be the worst month for crypto ETFs in history, with Bitcoin ETFs experiencing $3.5 billion in outflows. This is due to a market correction in Bitcoin prices, worsening macroeconomic conditions, and global economic data impacting risk assets. Outflows are expected to continue until market conditions improve.