“The crypto community has largely shifted their attention to Bitcoin and other layer-1 assets like Ethereum, Solana, Toncoin, and Cardano,” reported Santiment on Feb. 11. It added that, collectively, the top L1 assets are getting 44% of discussions among specific cryptocurrencies, while top meme coins like Dogecoin, Shiba Inu, and Pepe are being discussed less […]
Two law firms – Burwick Law and Wolf Popper LLP – have issued a cease-and-desist letter to the Solana-based meme coin creation platform PumpFun, demanding the immediate removal of the Dogshit2 token and other related coins deployed on the Solana blockchain that utilize unlicensed intellectual property from their firms. According to the law firms, PumpFun […]
Both TRUMP and MELANIA have plunged significantly from their pre-inauguration frenzy. To top that, certain industry experts also expect the two meme coins to test regulators’ boundaries under President Trump. While intense scrutiny continues, newly revealed data estimates that Trump has made hundreds of millions from his own meme coin launch. Trump’s Crypto Windfall According […]
Solana-based meme coin creation platform Pump.fun has been hit with a proposed class-action lawsuit accusing it of violating U.S. securities laws. The suit, filed on January 30, alleges that every token created through Pump.fun constitutes an unregistered security, from which the platform has profited nearly $500 million in fees. Alleged Securities Violations and Investor Losses […]
A Pump.fun user has apparently been mass-producing meme coins at an astonishing rate, creating nearly 18,000 tokens and amassing at least $3.7 million in profits. Blockchain data shows that the individual launched an average of 12 coins per hour daily for several months. The Meme Coin Minting Machine The user, identified by the wallet 0x818a…aJa13N, […]
Ron Branstetter, creator of the viral meme coin Unicorn Fart Dust (UFD), announced that his Phantom wallet had been hacked, leading to the loss of $6.6 million worth of UFD tokens, Solana, and other crypto assets. Branstetter shared the news during an emergency livestream, expressing heartbreak while reassuring the community of his unwavering commitment to […]
The official meme coin of United States President Donald Trump has been a roaring success since its launch five days ago, witnessing high trading activity and investor participation. Data analyzed by the on-chain intelligence firm CryptoQuant now shows that Official Trump (TRUMP) has recorded roughly $38 billion in total trading volume across centralized crypto exchanges […]
David Sacks has introduced a new perspective on non-fungible tokens (NFTs) and meme coins, describing them as a distinct class of digital assets. In an interview with Fox Business, the AI and crypto czar spoke on the growing complexity of classifying digital assets, categorizing the two as collectibles. Digital Asset Classification “When you talk about […]
Senator Elizabeth Warren, ranking member of the House Banking Committee, is asking federal agencies to investigate whether President Donald Trump’s recent launch of a meme coin violated ethical or regulatory standards. The Massachusetts lawmaker, alongside Representative Jake Auchincloss, directed the request to the heads of the U.S. Office of Government Ethics (OGE), the Treasury Department, […]
Some brief context: Bitcoin burst up from glances of support at the $92,500 and $93,000 levels earlier this month. On Wednesday, Jan. 15th, the world’s first cryptocurrency flew over $100,000 in daily spot prices for the fourth time since December. This time, BTC may stay above medium-term support for the $100,000 mark. Strong whale moves […]