Meme Coin Craze Sparks $5 Billion Surge Post GameStop Rally
Shortly after the GameStop stock boom on Wall Street, the entire meme coin industry had a 34% increase in daily trading activity, increasing $5 billion in investors’ wealth. GameStop Corp (NYSE: GME) is back in action, causing a significant frenzy on Wall Street. The GameStop (GME) stock price increased by a substantial 75% on Monday, […]
CFTC Fines Falcon Labs over Unregistered Digital Asset Services
The CFTC fines Falcon Labs $1.77M for unregistered FCM activity, marking the first time a digital asset intermediary has been penalized for such violations. The Commodity Futures Trading Commission (CFTC) has issued an order of filing and settling charges against Falcon Labs, Ltd., a Seychelles-based company, for failing to register as a futures commission merchant (FCM), […]
Charles Hoskinson: Trump Is Better For Crypto Than Biden
Cardano founder Charles Hoskinson criticized a Blockworks report and speculated that Donald Trump would be better for the crypto industry than Joe Biden. Charles Hoskinson, the founder of Cardano (ADA), expressed concerns in a recent statement regarding the potential ramifications of the forthcoming presidential elections in November 2024 on the cryptocurrency sector. In light of a […]
Ripple Lawsuit Update: XRP Falls Amid SEC Battle, What’s Next?
The XRP price falls amid legal upheaval. Here, we look at price fluctuations, critical levels, and forthcoming major events in the ongoing court battle. Amid ongoing legal disputes between Ripple and the U.S. Securities and Exchange Commission (SEC), the price of XRP falls below $0.49 today. The recent decline in XRP reflects investor concerns amid regulatory […]
Layer 3 Blockchain Degen Chain Cuts Block Production For Hours
Degen Chain, a leading Layer 3 blockchain network, stops block production for almost 12 hours. As platform stability concerns grow, stakeholders demand answers. Degen Chain, a Layer 3 blockchain network, has encountered an unexpectedly severe disruption that has prevented the generation of blocks for more than 11 consecutive hours and is still climbing. This unexpected […]