JUST IN: Phemex, a Singapore crypto exchange lost $70M to a hack targeting its hot wallets, including assets like USDC, ETH, and LINK, but assured users its cold wallets remain secure, trading is unaffected, and a compensation plan is in progress.
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RECENTLY: According to a report NYU professor Nouriel Roubini warned about the risks of speculative investments in meme coins like TRUMP and MELANIA, calling them "manipulative" schemes that benefit insiders while leaving retail investors with significant losses.
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RECENTLY: The US SEC issued SAB 122, replacing SAB 121 to ease accounting for custodial crypto assets, with Commissioner Hester Peirce announcing the change as part of efforts to create proactive crypto regulations.
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RECENTLY: Jump Trading has filed a lawsuit against former software engineer Liam Heeger, accusing him of breaching non-compete obligations and stealing intellectual property to launch Unto Labs, a competing blockchain venture, per report.
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RECENTLY: Vitalik Buterin warned that large-scale political coins, like Donald Trump's Official Trump token, could become vehicles for political bribery and pose risks beyond mere speculative fun.
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TODAY: Senator Elizabeth Warren wrote an open letter to DOGE Chair Elon Musk, proposing measures to cut wasteful government spending, close tax loopholes, and address potential conflicts of interest, while also urging changes to the tax code to increase revenue from the wealthy.
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OPINION: Galaxy CEO Mike Novogratz called AI "the new arms race" after the $500 billion Stargate Project, backed by OpenAI, Softbank, and others, was announced.
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STUDY: A Coinbase study finds most adults in Argentina, Kenya, the Philippines, and Switzerland see crypto as a solution to improve their financial systems, with Kenya and the Philippines showing the highest optimism.
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RECENTLY: According to a report, Lido founder Konstantin Lomashuk denied creating a second Ethereum Foundation amid criticism of the current Foundation's leadership and restructuring plans.
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RECENTLY: World Mobile and Tenity announced the launch of a $25M grant program to drive innovation in DePIN, focusing on blockchain-based infrastructure and decentralized governance, with funding starting at $5,000.
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JUST IN: Nova Labs, the creator of the Helium network, plans to defend itself vigorously against the SEC's lawsuit, asserting its commitment to transparency and emphasizing prior approvals for use case discussions, while acknowledging the need for stricter logo approval processes to avoid confusion.
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RECENTLY: Wyoming introduced a bill to establish a Strategic Bitcoin Reserve, allowing state funds to invest in Bitcoin, as Senator Cynthia Lummis highlights its potential for financial innovation.
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JUST IN: MicroStrategy's Michael Saylor hinted at more Bitcoin purchases as the company recently increased its holdings to 450,000 BTC as part of its $42 billion Bitcoin investment plan.
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TODAY: Shiba Inu (SHIB) recorded a 951.63% increase in its daily burn rate, with 30 million tokens burned in 24 hours, while its price declined by 8% to $0.00002105, highlighting potential external influences on its value, per report.
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ANALYSIS: Bitcoin traders anticipate a breakout to new all-time highs, with predictions of BTC reaching $122K and beyond, fueled by strong monthly gains and optimism surrounding the inauguration of President-elect Donald Trump, per report.
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RECENTLY: Semler Scientific announced plans to raise $75 million through a private offering to purchase more Bitcoin, following a reported $29 million unrealized gain from its current holdings in its Q4 2024 earnings report.
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OPINION: White House AI and Crypto Czar David Sacks classified NFTs and meme coins as "collectibles," highlighting their cultural and commemorative value rather than speculative risks.
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JUST IN: Ross Ulbricht thanked President Donald Trump for granting him a full pardon after 11 years in prison, expressing his gratitude for the "amazing blessing" and the opportunity to reclaim his life.
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RECENTLY: Blockstream announced the launch of two institutional investment funds, the Blockstream Income Fund and Blockstream Alpha Fund, offering direct exposure to Bitcoin-backed loans and infrastructure-based revenue streams like Lightning Network node operations.
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JUST IN: US President Donald Trump issued an executive order calling for a major crypto policy overhaul, including the study of a "national digital asset stockpile," a ban on central bank digital currencies, and the creation of a new working group on digital asset markets.
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RECENTLY: Ivanka Trump warned on X about a fraudulent cryptocurrency token named "IVANKA," clarifying she has no involvement and condemning its unauthorized use of her name to deceive consumers, per report.
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TODAY: OKX announced it has become the first crypto exchange to secure a MiCA pre-authorization license from Malta's MFSA, enabling it to operate across Europe and expand its services to 400 million users in the European Economic Area.
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RECENTLY: According to a report, Taiwan's financial regulator plans to propose a draft bill in June allowing banks to issue stablecoins under FSC approval, aiming to enhance investor participation in the virtual asset market.
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TODAY: According to CryptoQuant CEO Ki Young Ju, China has likely sold nearly $20 billion worth of Bitcoin seized from PlusToken in 2019, creating significant sell pressure.
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RECENTLY: Asset managers, including VanEck and ProShares, submitted numerous crypto ETF proposals, targeting tokens like Solana, XRP, and Litecoin, with expectations for approvals by 2025 amid shifting regulatory momentum and excitement surrounding digital assets, According to The Block.
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OPINION: The TRUMP memecoin surged 130% in 24 hours, with BitMEX co-founder Arthur Hayes predicting a $100 billion market cap by Donald Trump's inauguration on Jan. 20.
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JUST IN: Mad Lads NFTs climbed to sixth place with a $188.1M market cap as Solana hit $287.
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JUST IN: CryptoQuant CEO Ki Young Ju backs Vitalik Buterin’s plan to revamp Ethereum Foundation leadership, focusing on decentralization and innovation despite possible short-term price dips.
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TODAY: XRP surged past $3 for the first time since 2018, reaching $3.40 before settling at $3.16, as analysts predict a rally to $4 or beyond.
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OPINION: MicroStrategy co-founder Michael Saylor suggested France "could use some Bitcoin" after meeting with European Parliament member Sarah Knafo to discuss Bitcoin's future and energy, with Knafo praising Saylor as a "brilliant entrepreneur", according to a post.
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