Surge in Futures Activity DOGE, the popular memecoin, is making waves again. Futures market activity has skyrocketed, with open interest hitting a record high of over $2 billion. This means traders are placing big bets on the future price of DOGE, with many expecting a surge. Bullish Indicators DOGE’s funding rates have been positive since…
Bitcoin’s Record-Breaking Rise Bitcoin has hit a new high of $73,000, but it’s not all good news. Some investors are worried about what happens next. Whales Awaken “Whales” are people or companies that hold a lot of Bitcoin. One whale recently woke up after sleeping for 12 years. They sold all their Bitcoin, which was…
Roman Storm, co-founder of Tornado Cash, is fighting the charges against him by the US government. His lawyers argue that the charges are flawed and should be dismissed. “Fatally Flawed” Charges The government accuses Storm of money laundering and violating economic sanctions. However, Storm’s lawyers say that Tornado Cash is not a money transmitting business…
Hacker’s On-Chain Messages After stealing $11.6 million from Prisma Finance, the hacker has been sending messages on the blockchain. They claim to be a “white hat hacker” and have criticized Prisma Finance for not catching the security flaw that allowed the hack. The hacker has demanded an online press conference where the Prisma Finance team…
Binance, a leading cryptocurrency exchange, has announced plans to support a new Ethereum-based project called Ethena (ENA) through its Launchpool platform. Ethena: A Synthetic Dollar Solution Ethena aims to provide a crypto-based alternative to traditional banking systems by introducing a synthetic dollar called USDe. It also offers a dollar-denominated savings instrument known as the “Internet…
Cryptocurrencies are becoming a popular payment method for pirated online streaming content, according to a report by blockchain analysis firm Chainalysis. Tracking the Illicit Flow Chainalysis partnered with Nordic Content Protection (NCP) to track crypto addresses linked to illegal streaming. Between 2019 and 2023, these addresses received approximately $24 million in crypto. The surge accelerated…
Allegations of Predatory Lending A lawsuit filed against Wells Fargo alleges that the bank overcharged thousands of military members on credit card interest rates and fees for more than a decade. The lawsuit claims that Wells Fargo violated the Servicemembers Civil Relief Act (SCRA), which limits interest rates for active-duty service members to 6%. Concealment…
CFTC Complaint On Tuesday, the US Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ) charged crypto exchange KuCoin and its founders with various violations, including illegally dealing in commodity futures. In the complaint, the CFTC referred to certain digital assets, including Bitcoin (BTC), Ether (ETH), and Litecoin (LTC), as commodities. SEC vs. CFTC…
Privacy Initiatives Worldcoin offers digital identity and cryptocurrency in exchange for iris scans. This unique approach aims to enhance privacy by avoiding traditional signup methods like name and address. Ethereum Founder’s Support Ethereum co-founder Vitalik Buterin praises Worldcoin’s efforts to address privacy concerns. He believes their “data-minimal” approach outperforms centralized authentication solutions. Regulatory Concerns Despite…
Rising Demand The Bitcoin market is buzzing with excitement as demand for the cryptocurrency skyrockets. In the past month, monthly demand has jumped from 40,000 to a staggering 213,000 Bitcoin. This surge is driven by the launch of Bitcoin ETFs and aggressive buying by wealthy investors. Shrinking Supply On the other hand, the total supply…
