JUST IN: The US ban on central bank digital currencies (CBDCs), signed by President Trump on Jan. 23, may influence global CBDC projects, with retail CBDCs facing significant challenges while wholesale CBDCs remain viable for interbank and securities transactions.
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RECENTLY: Senator Elizabeth Warren has called for an investigation into Donald and Melania Trump’s meme coins, citing concerns over financial instability, foreign influence, and ethical conflicts, as both coins have experienced significant price volatility since their launch.
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JUST IN: South Korea's Web3 industry faces declining competitiveness due to unclear regulations, leading to capital, talent, and companies like Nexpace and Klaytn relocating abroad, with experts urging urgent regulatory reforms to retain its position in the global Web3 market.
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TODAY: Binance has launched VINEUSDT and PIPPINUSDT perpetual contracts, both supporting up to 25x leverage.
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JUST IN: Binance has completed the Prosper (PROS) contract swap with a 1:1 ratio, opening deposits and withdrawals for new PROS (BEP20) tokens while discontinuing support for the old tokens.
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ANALYSIS: Mantle token surged 12% following Trump's pro-crypto executive order, with bullish trends and technical indicators suggesting further gains, as its market cap reaches $4.179 billion.
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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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TODAY: Solana's stablecoin supply reached a record $10 billion, with total value locked up 800%, driven by memecoin launches, ETF hype, and Trump’s inauguration, sparking speculation about SOL potentially hitting $1,000.
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RECENTLY: ZachXBT reported that the P2P marketplace Noones may have lost $7.9 million in a theft across Ethereum, Tron, Solana, and BSC, with funds moved to Tornado Cash after suspicious transactions from its hot wallet.
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JUST IN: Binance Earn has added OFFICIAL TRUMP (TRUMP) to its Dual Investment program, offering users rewards through buy-low or sell-high strategies with a range of APRs from 3.65% to 120%.
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STUDY: OKG Research has predicted that Stablecoins like USDT and USDC could drive $100 billion in demand for U.S. Treasuries by 2025, with their market cap expected to surpass $400 billion.
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JUST IN: Circle introduced Circle Paymaster, allowing gas fees to be paid in USDC on Arbitrum and Base, with plans to expand to Ethereum, Polygon PoS, and Solana, marking a shift toward stablecoin utility.
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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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