The recent launch and subsequent crash of the TRUMP and MELANIA meme coins have sparked significant controversy. Senator Elizabeth Warren, alongside Representative Jake Auchincloss, is calling for a federal investigation into these cryptocurrencies, citing concerns over potential ethical violations and financial risks. The rise and fall of TRUMP and MELANIA coinsIntroduced just before President Donald Trump’s inauguration, the TRUMP meme coin quickly surged in value, reaching a market capitalization of over $10 billion within 24 hours. However, the coin’s value has since plummeted by more than 50%, currently standing at approximately $6.8 billion. Similarly, the MELANIA coin experienced an initial…
Author: Aladia
On January 24, 2025, TRON founder Justin Sun accused blockchain protocol Chain of engaging in significant market manipulation involving their token, Onyxcoin (XCN). Sun claimed that Chain was utilizing high leverage and contracts that could potentially harm exchange users. He urged major exchanges to monitor the situation closely and announced plans to report Chain’s activities to the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) for further investigation. Chain’s response In response to Sun’s allegations, Chain issued a statement denying any involvement in market manipulation. The company clarified that it is not actively engaged in any…
In a significant security breach, Singapore-based cryptocurrency exchange Phemex suffered a loss exceeding $70 million, marking the largest crypto hack of 2025 to date. The attack, which occurred on January 23, targeted the exchange’s hot wallets and affected multiple cryptocurrencies, including Ethereum (ETH), Solana (SOL), XRP, and Bitcoin (BTC). Details of the breach Blockchain security firm PeckShield reported that approximately $69.1 million was siphoned from Phemex’s hot wallets. The stolen assets were distributed across various blockchains, with losses of about $20 million in ETH and stablecoins on Ethereum, $17 million on Solana, $13 million in XRP, and $5.3 million in…
Nasdaq has filed an amendment with the U.S. Securities and Exchange Commission (SEC) on behalf of BlackRock’s iShares Bitcoin Trust (IBIT), proposing the inclusion of in-kind creation and redemption mechanisms for its spot Bitcoin exchange-traded fund (ETF). Understanding in-kind redemptions In-kind redemptions allow authorized participants—typically large financial institutions—to exchange ETF shares directly for the underlying asset, in this case, Bitcoin, rather than settling in cash. This process can enhance the ETF’s efficiency by reducing transaction costs and minimizing potential tax implications. Implications for the ETF market Implementing in-kind redemptions is expected to streamline operations for the ETF, leading to more…
IntroductionDespite its initial promise to revolutionize finance, cryptocurrency has largely failed as a practical form of money. While blockchain technology has demonstrated immense potential for decentralization and innovation, crypto’s adoption as a medium of exchange remains minimal. In this opinion piece, we’ll explore the reasons behind this failure and what changes are necessary for cryptocurrencies to fulfill their original vision. Barriers to crypto’s success as money What needs to change? ConclusionFor cryptocurrencies to succeed as money, significant changes are necessary across technology, regulation, and user adoption. Addressing volatility, scalability, and usability issues, along with fostering a supportive regulatory environment, could…
A recent analysis by blockchain analytics firm Chainalysis reveals that over 77% of wallets holding the TRUMP meme coin have realized earnings of less than $100. This finding underscores the significant concentration of wealth among a small group of investors, often referred to as “whales,” within the TRUMP meme coin ecosystem. Concentration of Holdings The Chainalysis report highlights that a mere 40 wallets control approximately 94% of the total supply of TRUMP and MELANIA tokens. These wallets each hold $10 million or more in the tokens, indicating a high level of centralization. Retail Investors’ Limited Gains Despite the initial surge…
Cables Finance is set to revolutionize decentralized finance (DeFi) by integrating real-world assets (RWAs) through its upcoming Perpetual Futures Decentralized Exchange (Perp DEX) and Liquid Staking Platform. Bridging Traditional Finance and DeFi In 2025, DeFi faces challenges in providing practical tools for engaging with real-world currencies and commodities on-chain. Cables Finance addresses this gap by introducing yield-bearing stable assets and a Perp DEX that integrates non-USD currencies, RWAs, and foreign exchange (FX) markets directly into Web3. This approach aims to create a unified CeDeFi system, exemplifying DeFi 2.0. Phase One: Liquid Staking for RWAs The initial phase focuses on establishing…
Neptune Digital Assets Corp., a Canadian cryptocurrency infrastructure provider, has secured a $20 million credit facility from Sygnum Bank, a Swiss digital asset-focused lender. This loan, collateralized by Neptune’s Bitcoin holdings, is intended to expand the company’s Bitcoin reserves, acquire additional crypto-related assets, and fund strategic investments. Market Reaction Following the announcement, Neptune’s shares experienced a significant surge. On January 21, 2025, the company’s stock price on the TSX Venture Exchange (TSXV: NDA) rose by 23.13%, closing at 1.65 CAD. Similarly, on the over-the-counter markets (OTCQB: NPPTF), the stock saw a notable increase, reflecting growing investor confidence in Neptune’s strategic…
The Official Trump ($TRUMP) meme coin, launched by President Donald Trump on January 17, 2025, has quickly become a focal point in the cryptocurrency market. Initially priced at approximately $6.50, $TRUMP experienced a meteoric rise, reaching a peak of $75 before stabilizing around $37.98 by January 21, 2025. Market Performance and Volatility As of January 22, 2025, $TRUMP is trading at approximately $0.866571, reflecting a slight decrease of 0.12% from the previous close. The intraday trading has seen highs of $0.998766 and lows of $0.856954. This fluctuation is characteristic of meme coins, which often see rapid price changes driven by…
President Donald Trump’s inauguration on January 20, 2025, marked the onset of what he termed a “golden age” for America. His inaugural address emphasized themes such as unity, economic revitalization, and national security. Notably, the speech did not address cryptocurrencies or Bitcoin, a point that did not go unnoticed by the crypto community. A “Golden Age” Without Crypto Despite the absence of direct references to digital assets in his address, industry experts remain optimistic about the Trump administration’s potential impact on the cryptocurrency sector. The administration’s pro-business stance and anticipated regulatory reforms are expected to create a more favorable environment…
