Key Insights: Bitget’s CEO, Gracy Chen, criticized Hyperliquid’s Handling of the Jelly Token Incident on its platform, calling it immature and unprofessional. A Trader exploited Hyperliquid’s liquidation system, successfully pumping the market capitalization of the Jelly Token. Hyperliquid has faced growing criticisms for various reasons ranging from its Product design to lapses in its regulatory…
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The CFTC Office of Customer Education and Outreach has issued a new advisory, about the rising threat of fraud enabled by generative AI.
Pump Fun, a Solana memecoin generator, has generated over $600M, creating new memecoins and attracting millions in revenue.
Fidelity Investments plans to launch a stablecoin, expanding into the US Treasury Market and joining the growing stablecoin sector.
The long-running legal battle between Ripple Labs and the U.S. SEC has reached a historic resolution. After years of litigation, the regulatory agency has agreed to drop its appeal, while Ripple will pay a $50 million fine significantly less than the original $125 million penalty. As part of the agreement, Ripple will drop its cross-appeal,…
Tether, the industry's largest stablecoin issuer, is set to hire the Big 4 to audit its reserves, ending longstanding criticisms of the company's lack of transparency. Tether CEO Paolo Ardoino said the audit was a top priority for the firm following suspicion raised by the company's colossal revenue. Tether has not disclosed which Big 4…
The SEC is changing its enforcement strategy, moving from crypto regulation to traditional securities fraud cases under new leadership.
In keeping with its commitment to Bitcoin as a core asset, Metaplanet Inc. (TSE: 3350) announced today the acquisition of an additional 150 Bitcoin (BTC). For context, this latest purchase further solidifies the firm’s position as one of Japan’s most aggressive corporate adopters of cryptocurrency. The buy, announced by Metaplanet’s CEO, Simon Gerovich in a…
Crypto billionaire Jed McCaleb funds Vast Space LLC’s ambitious space station project, leveraging his crypto fortune for space exploration.
Brazil’s Senate is advancing crypto regulation with a public hearing to address industry concerns and ensure security for cryptocurrencies.
