Category: crypto

Pump.fun, a Solana-based token launch platform, is facing a federal class action lawsuit for allegedly promoting unregistered securities, violating US securities laws. The lawsuit was filed by a user, Diego Aguilar, against the company and its founders. Pump.fun is accused of operating a pump-and-dump scheme, extracting nearly $500 million in fees. The platform is also…

New FASB rules allow Bitcoin holdings to boost corporate earnings. However, unrealized gains from BTC could result in unexpected tax liabilities under CAMT regulations, creating financial difficulties for companies.

The XRP Ledger has implemented the AMMClawback amendment, allowing issuers to reclaim tokens deposited in the Automated Market Maker system. This update enhances regulatory compliance and asset control, making XRPL more attractive to institutional investors. The amendment also benefits Ripple’s stablecoin RLUSD, increasing its liquidity and trading flexibility on the decentralized exchange.

Bitwise CIO Matt Hougan questions Bitcoin’s historical four-year cycle, suggesting it may extend into 2026 due to recent policy shifts. Economic factors, not halving events, are primary cycle drivers. A legal victory against the SEC in 2023 catalyzed the current cycle, with ETFs and institutional investments driving price increases. Hougan predicts Bitcoin could reach $200,000…

Grayscale Investments launched the Grayscale Dogecoin Trust on Jan. 30, providing institutional investors with exposure to Dogecoin in a traditional security format. The trust, which tracks the CoinDesk Dogecoin Reference Rate, aims to capitalize on Dogecoin’s popularity and accessibility. Grayscale’s move reflects growing interest in meme coins among institutional players.

A report from CEX.IO revealed that stablecoin transfers reached $27.6 trillion in 2024, surpassing Visa and Mastercard. USDC was the top stablecoin for on-chain transactions, with Solana becoming the most active blockchain. Bots played a significant role in stablecoin transactions, with automated systems accounting for 70% of total volume. The trend of stablecoins dominating global…

Bitcoin and Ethereum ETFs in the US saw inflows of $655 million on Jan. 30, following SEC approval of a Bitwise fund. Bitcoin ETFs had $588.22 million in net inflows, while Ethereum ETFs generated $67.77 million. The SEC approved Bitwise’s Bitcoin and Ethereum ETF in just 45 days, signaling a potential shift in their stance…

Errol Musk, father of Elon Musk, is supporting a new memecoin called “Musk It” to raise funds for the Musk Institute. Despite similarities to Elon’s name, Errol leads the initiative independently. The token surged in value after his endorsement. Critics, including Mark Cuban, call for more oversight of memecoins.

B2TRADER, a trusted multi-asset trading platform for brokers, has released version 2.2 with new features like C-Book routing, customizable markups, and support for multiple liquidity providers. The update also includes advanced order types and a full-featured mobile app. This comprehensive toolkit meets the evolving demands of the crypto market for brokers and traders alike.

Parents of SBF are seeking a presidential pardon from Trump for their son, who was sentenced to 25 years for fraud. They have engaged with lawyers and individuals close to Trump. Requests for pardons from white-collar criminals have increased. SBF’s lawyer has filed an appeal, but support for him is not as widespread as for…