Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Wealthy investors and Asian central banks are moving away from US dollar assets, prompted by concerns over the dollar’s long-term reliability, geopolitical risks, and increased US-China trade friction. UBS and Morgan Stanley note that high-net-worth individuals in Asia are reducing US exposure and diversifying portfolios with increased allocations to gold and leading cryptocurrencies like Bitcoin and Ethereum. A Bloomberg report highlights that governments in China, Japan, India, and Thailand have withdrawn up to $7.5 trillion from US assets in recent years. China has cut its US Treasury holdings to below $800 billion—its lowest level since 2009—and has grown its gold reserves for 18 consecutive months. Other Asian central banks are similarly ramping up gold purchases and diversifying reserves. This shift not only reflects a drive for better returns but also a desire to mitigate risks from possible sanctions and safeguard sovereign assets. The transition may exert long-term upward pressure on US borrowing costs and market volatility, while gradually weakening the dollar’s dominance as a reserve currency. For crypto traders, the acceleration of de-dollarization and rising gold reserves in Asia bolster the narrative of currency diversification, increasing the appeal of decentralized assets like Bitcoin, as experts argue it is now riskier to have no crypto exposure.

Leading venture capital firms including a16z, Dragonfly Capital, IOSG Ventures, and Multicoin Capital foresee the next major trend in the crypto market as the rise of ’crypto-adjacent’ companies. Rather than focusing on native crypto projects, these new unicorns will come from existing sectors—such as fintech, AI, and consumer tech—that adopt blockchain, stablecoins, and DePIN (Decentralized Physical Infrastructure Networks) as functional features to improve payments, privacy, and infrastructure. Notable applications include stablecoin payment solutions, AI leveraging decentralized infrastructure, and consumer tech firms utilizing advanced privacy features like zkTLS. The shift highlights a new emphasis on strong business fundamentals, such as annual recurring revenue, proven user growth, and solid customer metrics, as opposed to mere token speculation. VCs note that investors now require deep understanding of both crypto and traditional industry verticals to spot opportunities in larger addressable markets like global payments, AI data markets, and consumer privacy. During the ongoing bear market, most altcoins stagnate and new token FDV shrinks, with capital flocking to robust, user-driven projects. This marks a significant maturation of crypto investment strategies, favoring real-world adoption and sustainable business models over speculative narratives—offering traders insight into where future capital and growth will be concentrated.

Coin A, previously known as EOS, has maintained notable market stability following its recent rebranding and a significant contract swap on Binance. The token opened at $0.7892 and now trades at $0.787, reflecting minimal price volatility. Coin A holds a total supply of 21 billion tokens, which remained unchanged after the rebrand. Its market capitalization previously stood at $11.68 billion, with a fully diluted valuation of $16.17 billion and $2.37 billion locked in value, highlighting both substantial liquidity and investor demand. Trading volume reached $6.6 million, with the majority on Upbit, and Binance’s official token swap is seen as a major operational upgrade, potentially impacting contract trading. The coin’s continued price steadiness and low volatility post-rebrand indicate sustained investor confidence and could make it attractive to retail and institutional investors. Crypto traders are closely monitoring Coin A’s market activity and liquidity as it adjusts to ongoing changes in the broader cryptocurrency sector.

This week in cryptocurrency was marked by several high-impact events. Former U.S. President Donald Trump hosted a private gala for Official Trump memecoin holders, drawing bipartisan scrutiny over possible ethics and bribery violations; the White House maintained all regulations were followed. Polygon co-founder Mihailo Bjelic announced his departure from the Polygon Foundation board, signaling a leadership shift in one of the leading layer-2 blockchain projects. World Liberty Financial’s co-founder denied partnership rumors with ex-Binance CEO Changpeng Zhao. Major security concerns surfaced as Cetus Protocol suffered a $223 million hack on the Sui network, with $162 million of stolen funds ‘paused’ and ongoing recovery efforts. In investment news, Semler Scientific allocated $50 million to Bitcoin, while Strategy (formerly MicroStrategy) announced a $2.1 billion preferred stock sale to purchase more BTC. FIFA revealed plans to launch its own blockchain on Avalanche. Regulatory actions intensified as the SEC sued Unicoin, the GENIUS stablecoin bill progressed in Congress, India’s Supreme Court called for clearer digital asset policies, and SafeMoon’s CEO was convicted of fraud. Bitcoin hit a new record high above $111,000, although trader sentiment remained subdued. These overlapping developments highlight evolving regulatory scrutiny, persistent security threats, and growing institutional adoption within the crypto sector, with direct implications for trader confidence, asset prices, and the stability of several major projects.

Memecoin markets experienced heightened volatility following political controversy surrounding former President Donald Trump’s association with a crypto-themed dinner event. Initial criticism from a U.S. senator, who argued that such events undermine financial market credibility, was followed by a direct call from lawmakers for the Department of Justice to launch an investigation. This escalation triggered significant panic across the broader cryptocurrency market, with Bitcoin dropping 4.5% and meme token market capitalization plunging 7.5%. High-profile memecoins like PEPE, TRUMP, WIF, and FLOKI faced losses ranging from 9% to 12.5%. Overall trading volume in the meme sector dropped by over 10%. The rapid market-wide sell-off resulted in $598 million in total crypto liquidations, the majority ($508 million) from long positions, indicating that bullish traders were caught off guard by the regulatory headlines. Despite the sharp decline, exchange outflows of tokens such as PEPE and TRUMP suggest possible whale accumulation, pointing to potential interest from large holders at lower prices. Technical analysis indicates that further downside remains possible if negative sentiment continues, though established support areas may offer rebound opportunities should buying momentum return. This event underscores the intense sensitivity of meme coin prices to political developments and regulatory news, signaling to traders the importance of closely monitoring external factors beyond typical market indicators.

FTX, the bankrupt crypto exchange, has filed a $1.76 billion lawsuit against Binance and founder Changpeng Zhao (CZ), alleging that a July 2021 buyback of FTX shares was financed with misappropriated customer funds through FTT, BNB, and BUSD tokens. FTX claims this transfer was fraudulent and that CZ’s November 2022 tweet triggered a liquidity crisis, accelerating FTX’s collapse. Additional accusations include market manipulation and false acquisition talks. In response, Binance has filed a motion in a Delaware bankruptcy court to dismiss the lawsuit, asserting the buyback was legal, the claims are baseless, and the court lacks jurisdiction since Binance entities are registered outside the US. Binance points to internal fraud under Sam Bankman-Fried (SBF) as the true cause of FTX’s downfall. The court is yet to decide. This ongoing legal battle underscores increased regulatory scrutiny on crypto exchanges, raises questions about market practices, and could impact the price stability and reputation of tokens like FTT and BNB, which are central to the dispute.

Coinbase CEO Brian Armstrong has transitioned from an apolitical company stance to active political advocacy for crypto-friendly policies. This shift accelerated after regulatory scrutiny from the SEC in 2023 and the emergence of Elon Musk’s government cost-cutting DOGE task force. In response to viral media reports and the fallout from government job cuts, Armstrong announced expedited hiring for former DOGE staff, aiming to bolster Coinbase’s regulatory expertise. At the same time, Armstrong and Coinbase increased political engagement, funding the Stand with Crypto Alliance, related PACs, and donating to pro-crypto policies, including Trump’s inauguration. These lobbying efforts have intensified as the regulatory climate has turned more favorable with the SEC dropping lawsuits against Coinbase. For crypto traders, this indicates that Coinbase is strategically securing top regulatory talent and leveraging political influence to shape a more supportive regulatory landscape for cryptocurrencies, potentially reducing legal risks and fostering market growth.

The rapid proliferation of Ethereum Layer 2 (L2) solutions is seen as evidence of continued blockchain innovation and sustainable ecosystem growth, rather than network fragmentation or oversaturation. Both summaries note that new L2s are launching approximately every 19 days. Industry expert Igor Mandrigin emphasizes that the expansion of L2s parallels the early internet boom, serving specialized needs such as privacy, regulatory compliance, and custom enterprise performance for sectors like banking and logistics. Recent technological advancements—including modular blockchain stacks, rollup-as-a-service platforms, and zero-knowledge proofs—now make it easier and more cost-effective for organizations to deploy dedicated L2s. While concerns persist about liquidity fragmentation and potential user friction, new interoperability solutions such as cross-chain bridges, shared settlement layers, and account abstraction aim to streamline user experience and integrate liquidity. The most recent insights reinforce a bullish outlook, forecasting that hundreds of specialized L2s will co-exist to address diverse needs and jurisdictions. This modular and interoperable approach is expected to drive mass adoption and added utility in Web3 and DeFi, dismissing fears of near-term chain consolidation. For Ethereum traders, this signals robust long-term network utility, potential for increased transaction volume, and a strong foundation for ongoing ecosystem development.

The cryptocurrency market entered a pivotal phase over the weekend, with Bitcoin facing resistance and trading quietly around $103,850, partly due to the delayed Trump-Xi phone call. Despite the subdued action, altcoins such as BNB, MINA, AVAX, and ADA displayed promising trading setups. BNB maintained critical support at $630; a breakout above $675 and $690 could send it to new all-time highs, with $743 and $795 as further resistance levels. MINA found support near $0.25, and reclaiming $0.38 could lead to gains toward $0.5 or higher, supported by project advancements and a stable, high BTC price. AVAX sustained levels above $22.18, positioning for a potential move to its $30.7 peak if Ethereum rallies. ADA held firm at the $0.73 support level, targeting $0.86–$0.91 should positive sentiment continue. Overall, traders are advised to closely monitor these altcoins for breakouts at key technical levels, as volatility and trading opportunities are likely to increase with changing market developments. The updates highlight both risk and potential for short-term rallies among these altcoins, emphasizing the importance of support and resistance monitoring for tactical trading.

A well-known crypto analyst, Kaleo, has compared SUI’s recent price behavior to Solana’s surge during the 2021 bull run, noting that SUI’s two-year price structure closely tracks SOL’s pre-breakout phase. With SUI now trading around $4.04, there is growing optimism for a major rally, driven by strong tokenomics, ecosystem development, and institutional interest. Meanwhile, Dogecoin (DOGE) is also expected to mirror its 2018–2021 trajectory, with forecasts suggesting a possible rise to $3 before the end of 2025, up from its current $0.239 level. Bullish market sentiment extends to Bitcoin (BTC), which Kaleo predicts could climb to nearly $200,000 with minimal pullbacks. These updates reflect a broader crypto market upswing, particularly favoring high-profile layer-1 blockchains and leading meme coins. For traders, SUI is seen as a large-cap with continued but potentially slower growth, while DOGE and BTC present high-upside opportunities amid increasing institutional and retail enthusiasm.

Cryptocurrency prices are showing signs of recovery after a recent downturn, with Bitcoin (BTC), Avalanche (AVAX), and Pepe Coin (PEPE) drawing significant trader interest. The market is currently responding to mixed economic signals, including weak credit demand and low consumer spending highlighted by the latest Federal Reserve survey, which drove BTC below key levels. While leading crypto assets like ETH and BTC have shown strength, altcoins like AVAX, PEPE, BONK, XRP, and DOGE have experienced double-digit gains, though many are now facing key resistance levels. AVAX briefly tested $27 but is vulnerable to a pullback toward $22.5 if BTC remains weak. PEPE surged in line with ETH’s rally but is encountering strong resistance at $0.0000155, with support seen at $0.0000113. Pi Coin continues to face volatility due to uncertainty around supply and transparency, holding psychological support at $1. Traders are increasingly cautious due to potential regulatory pressure and ’sell and go away’ seasonal patterns, and are closely watching upcoming macroeconomic events such as the US CPI data, as these could drive further volatility. Market participants are advised to monitor major announcements and resistance levels to navigate this period of heightened uncertainty.

Three crypto presale projects—BlockDAG (BDAG), Cold Wallet (CWT), and Web3Bay (3BAY)—are drawing strong attention from crypto traders heading into 2025 due to their advertised high ROI potential. BlockDAG leverages Directed Acyclic Graph (DAG) technology for greater scalability and faster transactions, is EVM-compatible, and has raised over $235 million with a presale price of $0.0019 and a projected launch price of $0.05, suggesting a return up to 2,520%. Cold Wallet focuses on privacy, utilizing zero-knowledge proof technology for fully anonymous Web3 transactions. CWT tokens are now priced at $0.0071 with projections reaching $0.50 by 2026, indicating a possible 4,900% return. Web3Bay is a peer-to-peer Web3 e-commerce marketplace aiming to bypass intermediaries and enhance user rewards; it has sold over 450 million tokens at $0.005247 each and eyes a launch price of $0.1959. All three projects highlight early access at presale as a prime opportunity, emphasizing robust utility, engaged communities, and clear roadmaps. However, traders should note recent articles stress these projections are speculative, based on promotional materials, and may introduce significant volatility if ROI targets attract rapid capital flows. Regulatory scrutiny around privacy, infrastructure, and meme coins may also impact future performance. Overall, these ICOs present notable speculative opportunities for short-term traders and investors looking for high-risk, high-reward plays.

The cryptocurrency market has seen a significant uptick in interest toward new crypto presale projects, driven by several recent developments. The approval of spot Bitcoin and Ethereum ETFs, accompanied by large institutional purchases, has bolstered mainstream confidence and attracted retail traders aiming for early entry gains. This institutional momentum has been reinforced by a notable shift in the Crypto Fear and Greed Index, which recently climbed to a neutral reading of 50—signaling reduced fear and a stabilization in overall market sentiment. As a result, traders are increasingly exploring upcoming token launches and presale opportunities, seeking long-term investment plays amid ongoing market uncertainty. Analysts highlight that while ETFs support established cryptocurrencies such as Bitcoin and Ethereum, many investors are diversifying into emerging projects with compelling growth narratives, robust fundamentals, clear roadmaps, and strong tokenomics. New trends have emerged in the sector, including a heightened focus on token security and the practical utility of new tokens. While historical patterns indicate that presale tokens often benefit from post-launch hype, traders are advised to remain cautious due to potential volatility and risks related to project legitimacy. The article underscores the importance of due diligence and portfolio diversification, emphasizing that no single presale is guaranteed success. Overall, the combination of ETF-driven optimism and a neutralizing market sentiment is fueling increased speculative activity in crypto presales, presenting both opportunities and risks for traders.

Riot Platforms, the world’s second-largest publicly traded Bitcoin miner, has shifted its strategy by selling 475 BTC for $38.8 million following the April 2025 Bitcoin halving event. This marks its first significant sale since January 2024 and comes amid declining mining profitability: the Bitcoin block reward halved from 6.25 to 3.125 BTC, and network difficulty rose to a record 120 trillion hashes, up 35% year-over-year. Riot’s mining output dropped 13% month-over-month in April to 463 BTC, forcing the company to liquidate freshly mined coins and tap reserves. CEO Jason Les stated that the sale was intended to fund operations without diluting shareholder equity by issuing new shares. Despite selling, Riot retains 19,211 BTC (worth about $1.8 billion), indicating ongoing exposure to potential price gains. This move reflects growing financial pressure on miners sector-wide as rewards shrink and operational costs rise—even with Bitcoin prices up 45% year-on-year but still below their January peak, recently trading near $95,000. For crypto traders, increased sales by major miners like Riot may introduce additional short- to medium-term selling pressure on Bitcoin, potentially impacting price stability and signaling a shift in market dynamics as the industry responds to post-halving challenges.

Recent analyses from Santiment highlight a robust recovery in the meme coin sector, coinciding with a broader crypto market rebound. Over the past few weeks, the total crypto market cap has grown by more than 10%, fueled by Bitcoin’s strong price performance and increased institutional adoption, as seen in rising Bitcoin ETF inflows. Bitcoin currently trades near all-time highs, with 131 public entities collectively holding 1.3 million BTC—valued at nearly $300 billion—and 2025 price targets ranging from $120,000 to as much as $1 million, according to industry predictions. This bullish sentiment has reignited speculative, FOMO-driven trading in meme coins, creating both profit opportunities and heightened risks for traders. Several meme and utility tokens are emerging as key focus points for diversification: Solaxy (SOLX), a Solana Layer-2 upgrade aiming to address network congestion and transaction fees; BTC Bull Token (BTCBULL), which offers Bitcoin airdrops to holders when BTC reaches key price milestones; Common Wealth (WLTH), a platform investing in NFT and crypto bundles; and Four (FORM), blending Web3 gaming with meme coin appeal. These tokens have recently seen surging presales, trading volumes, and positive community sentiment. However, Santiment and market commentators caution traders that the current exuberance makes the market highly volatile, especially in meme coin sectors. Proper due diligence and disciplined risk management are advised when considering high-yield but high-risk altcoins in the current climate.

Binance, the leading global crypto exchange, and Kyrgyzstan’s National Agency for Investments have signed a Memorandum of Understanding to develop crypto payments and blockchain infrastructure in Kyrgyzstan. Officially reaffirmed at the inaugural meeting of the Kyrgyz Council for the Development of Digital Assets, the partnership will see the launch of Binance Pay in the country, enabling residents and merchants to transact using cryptocurrencies and bolstering cross-border payments. Binance Academy will introduce blockchain and cybersecurity training for government officials, regulators, financial institutions, and the public, with the goal of enhancing digital literacy and preparing the workforce for blockchain and Web3 roles. Binance will further assist Kyrgyzstan in the creation and implementation of blockchain regulations and the integration of distributed ledger technology in public services. These efforts closely follow the country’s pilot of a Central Bank Digital Currency (CBDC), the digital som, which recently received legal tender status and is set for platform testing later this year. The collaboration, part of Binance’s broader global initiative to support crypto regulation, adoption, and policy, positions Kyrgyzstan as an emerging hub for digital assets in the region while potentially accelerating local and regional crypto adoption.

Dogecoin (DOGE) and Ethereum (ETH) have both entered periods of consolidation after recent rallies, with traders closely monitoring their price actions around key resistance and support levels. DOGE is trading within the $0.1609–$0.1918 range, needing to break above $0.1900 for another potential move toward its 7-week high at $0.2062. ETH remains stable above $1,700, supported by the mid-Bollinger band at $1,619, but faces resistance at $1,834; a drop in trading volume signals weakening demand. Amid this environment, DeFi platform CartelFi has emerged by enabling users to earn significant yields on meme tokens—up to 10,000% APY through single staking—while maintaining full price exposure. The project’s buy-and-burn fee model is designed to create token scarcity. CartelFi’s presale has rapidly raised $1.1 million, with token prices rising 5% at each stage, indicating robust investor interest. Market sentiment suggests CartelFi could attract new capital into meme coin and DeFi sectors, offering traders opportunities for passive income from volatile assets without limiting upside potential. Overall, while DOGE and ETH remain in focus for traditional price action trading, CartelFi’s model and presale performance highlight the DeFi sector’s growing appetite for innovative, yield-generating meme token solutions.

Sam Bankman-Fried, founder of FTX and a central figure in the platform’s collapse, has been transferred from a medium-security federal prison to Terminal Island, a low-security facility in California known for housing financial crime offenders. This relocation follows his 25-year sentence for wire, securities, and commodities fraud. Experts attribute the transfer to his non-violent crime record, high-profile status, and the need for increased safety, with additional speculation that a prior unauthorized media interview may have played a role. The new environment offers improved access to legal counsel and a lower risk of violence. However, legal analysts note that this move does not alter the timeline or outcome of his ongoing appeals or FTX’s legal proceedings. The case underscores how the US prison system manages white-collar criminals and prompts debate about the fairness of rehabilitation settings. For crypto traders, Bankman-Fried’s prison conditions and transfer are not expected to affect FTX-linked tokens or the broader cryptocurrency market in the short term, as there have been no material changes to his legal case or the recovery process for FTX assets. Market participants should remain alert to further legal developments, but current prison-related news holds a neutral impact on crypto prices.

US-listed DeFi Development Corp (formerly Janover) has made a notable strategic move in the crypto sector by acquiring $9.9 million worth of locked Solana (SOL) tokens via BitGo’s over-the-counter (OTC) desk. This raises their total SOL holdings to 317,273 tokens, valued at about $48 million. The purchased tokens are ’locked’, obtained at a discounted price but subject to a vesting schedule, limiting immediate liquidity. This acquisition signals DeFi Development’s growing integration into the Solana ecosystem, attracted by its high throughput, low fees, and robust development activity. The transaction, which avoided market price slippage thanks to OTC execution, reflects a broader trend of public companies seeking direct Solana exposure for traditional finance (TradFi) investors. This development highlights increased institutional adoption of Solana, growing demand for crypto custody and OTC trading services, and signals sustained institutional bullishness toward layer-1 blockchain protocols beyond Bitcoin and Ethereum.

Magic Eden, a leading NFT marketplace on the Solana blockchain, has launched Season 2 of its Rewards Program. This initiative started on April 18, 2025, and aims to encourage user engagement through benefits like staking ME tokens, trading NFTs, Runes, Ordinals, and connecting crypto wallets. The revamped leaderboard and visual enhancements are designed to boost user experience and trading activity. Season 2 follows a successful first season, where 10 million ME tokens were distributed. The program highlights staking power and trading volume, with top participants expected to receive rewards by mid-August 2025. Magic Eden’s strategy is to strengthen its market position amid competition from platforms like OpenSea by providing innovative features and through its recent acquisition of the mobile trading app Slingshot.

BlockDAG has introduced a substantial 600% bonus offer, capturing significant attention in the cryptocurrency market. This comes during a period when major cryptocurrencies like Cardano (ADA) and Ethereum (ETH) are experiencing price declines, prompting long-term holders to buy the dip. The generous bonus offer by BlockDAG is attracting renewed interest in cryptocurrency investments despite current market volatility. Traders are paying close attention to these developments, which could influence investor behavior and market trends both in the short and long term.

In a week shortened by holidays, Webull and Argentine banks BBVA Banco Francés, Banco Macro, and Grupo Financiero Galicia experienced significant gains, reflecting strong performance in the traditional financial sector. In contrast, crypto-related stocks like Riot Platforms (RIOT) and Credit Acceptance Corporation (CACC) saw declines, highlighting sector-specific challenges within the crypto space. The positive results for Webull and Argentine banks indicate increasing user engagement and favorable market conditions in Argentina. The declines in RIOT and CACC may raise concerns about the volatility and operational profitability in the cryptocurrency sector, which could affect traders’ sentiments in the related markets.

Binance has launched a new yield-bearing margin asset, LDUSDT, designed for its futures trading platform. This asset allows traders to use LDUSDT as collateral in USDⓈ-M futures contracts while earning passive income. This innovation fills a gap in integrated yield and margin utilities, following Binance’s previous asset, BFUSD, that could not be used for futures trading. This development aligns with a broader industry trend where centralized exchanges like Coinbase, Bybit, and OKX introduce native yield-bearing products, enhancing income opportunities for users.

GameStop has seen a significant transition, initially impacted by its decision to establish a Bitcoin treasury, which led to investor criticism and market volatility. The stock experienced a 25% drop similar to MicroStrategy’s move, as it faced artificial selling pressures due to institutional hedge strategies. Analysts warned of potential risks if GME or Bitcoin prices fluctuate. More recently, under President Trump’s trade tensions, GME unexpectedly emerged as a financial hedge, attractive for its market position, and favored by retail traders amid economic uncertainty. This dual role of GameStop highlights shifts in investor strategy driven by social media and global trade uncertainties.

The $OM token crash resulted in a loss of approximately $5.4 billion, with its price falling by 90% due to leveraged positions being liquidated in a low liquidity environment. While initially blamed on insider actions, Shorooq clarified its non-involvement, stating neither they nor the MANTRA team sold tokens during the incident. The token crash raised concerns of market manipulation, impacting investor confidence. Despite these, Shorooq remains committed to MANTRA’s vision of Real-World Asset tokenization. Meanwhile, in the broader crypto market, economic tensions and Andrew Kang’s $200 million BTC bet were notable. Some tokens like FLR, TRX, and SOL saw gains amidst BTC’s range-bound trading due to market uncertainties.

On April 7, 2025, major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and XRP experienced significant declines due to a broad market sell-off triggered by U.S. President Donald Trump’s new trade tariffs. These tariffs, which affected over 180 countries, led to global stock market crashes, with drops ranging from 10% to 50%. The cryptocurrency market mirrored this volatility, causing Bitcoin to fall below $75,000 for the first time in over a year and Ethereum to drop below $1,500. The Solana-based meme coin Trump Derangement Syndrome (TDS) also suffered a sharp decline of more than 20%, nearing its all-time low. The sell-off resulted in $1.38 billion in crypto liquidations, mostly from long positions, as investors moved away from risk assets. The current trading volume and market cap of TDS are modest, indicating limited investor confidence amid escalating economic tensions. This downturn reflects broader market stress rather than individual altcoin failures, with a focus on risk management and long-term fundamentals being crucial during this uncertain period.

Genius Group, a New York Stock Exchange-listed firm, is involved in a legal battle wherein it has filed a lawsuit against LZGI International, Inc Executives Peter Ritz and Michael Moe for $450 million under the RICO Act. Previously, the company faced restrictions from the Southern District Court of New York that barred them from raising funds through stock sales and investing in Bitcoin, after a court injunction requested by Ritz and Moe. Amidst these challenges, Genius Group had to liquidate a portion of its Bitcoin reserves to sustain its operations, reducing their holdings from 440 to 430 BTC. Despite a 53% drop in stock price and ongoing legal pressure, Genius Group remains committed to its Bitcoin strategy, aiming to maintain transparency and prevent fraud. Their appeal to vacate the court orders signifies an ongoing attempt to overcome these legal obstacles.

The Solana community recently faced significant governance challenges, with the rejection of the SIMD-0228 proposal, aimed at adjusting Solana’s inflation rate to reduce token issuance and lower inflation costs. Although the proposal was rejected due to concerns about validators’ economic security, it prompted continued debates on Solana’s monetary policy. Out of this discourse, ’Left Curve 228,’ proposed by Austin Federa, emerged as a new approach. It suggests increasing the disinflation rate significantly to lower inflation rates over three years, aiming to balance security costs and inflation predictability. This has drawn criticism from figures like Kevin Ricoy, who stress the importance of simplicity in monetary policy, similar to Bitcoin’s model. The ongoing discussions underscore the Solana community’s commitment to governance maturity and its economic frameworks, influencing the network’s future direction.

A notable Dogecoin (DOGE) investor, referred to as a ’whale’, has made a significant investment in the presale of Panshibi (SHIBI), a new meme coin capturing attention for its potential rapid gains. This action has stirred interest among the crypto community, prompting speculation that this could trigger a bull-run for SHIBI. Meme coins are known for their volatile price swings, often influenced more by community sentiment than underlying fundamentals. While the investment has attracted attention, questions remain about SHIBI’s long-term stability, with the whale’s move potentially driving short-term trading volume and increased interest. These events underscore the dynamic nature of meme coins, where swift gains can be possible but long-term outcomes remain uncertain.