New research corroborates earlier findings that the vast majority of memecoins crash after their initial promotion and never recover. Source link
Deirdre Knox
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“Crypto Czar” David Sacks is expected to announce the names of industry leaders who will join Donald Trump’s newly-formed advisory council. Source …
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Controversial Pump Fun content, including gunplay and animal beheadings, has led many users to call for the end of its livestream feature. …
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Coinbase
Justin Sun’s HTX redeems $500M in WBTC it wasn’t supposed to have
by Deirdre Knoxby Deirdre KnoxJustin Sun-advised HTX recently redeemed approximately $500 million worth of WBTC, despite having no WBTC on its proof-of-reserves. Source link
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Coinbase
Ether to become net-inflationary over 2 years after PoS Merge
by Deirdre Knoxby Deirdre KnoxWith a current daily positive supply of just over 1,570, ether is projected to become net-inflationary in just over 24 hours. Source …
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On Monday, Eric Trump posted, “In my opinion, it’s a great time to add $ETH. You can thank me later.” ETH subsequently …
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Coinbase
US Sovereign Wealth Fund dashes hopes of Strategic Bitcoin Reserve
by Deirdre Knoxby Deirdre KnoxHopes of a US Strategic Bitcoin Reserve took another knock after Donald Trump’s executive order about a non-bitcoin US Sovereign Wealth Fund. …
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Coinbase
Michael Saylor buys 55,500 more BTC, average price nears $57,000
by Deirdre Knoxby Deirdre KnoxIn the 1980s, a single family manipulated the price of silver. Critics think that situation is similar to MicroStrategy and bitcoin. Source …
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Coinbase
Justin Sun buys more of Trump’s WLFI than it planned to sell
by Deirdre Knoxby Deirdre KnoxJustin Sun has purchased $30m worth of WLFI, the Trump-endorsed cryptocurrency project, more than the project said it intended to sell. Source …
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Coinbase
MicroStrategy bulls think Michael Saylor can pump it to 10X its BTC
by Deirdre Knoxby Deirdre KnoxIrresponsibly Long MSTR members think that Michael Saylor will discover “genius ways” to financialize MicroStrategy’s bitcoin holdings. Source link