May 2024

Trump’s Libertarian Convention Speech Boosts Political Meme Coins

Former U.S. President Donald Trump’s appearance at the Libertarian National Convention might not have been warmly received by all attendees, evidenced by the heckling and jeering he faced, yet it notably invigorated the political meme coin market. Within 24 hours following his speech, the Trump-themed MAGA Hat (MAGA) cryptocurrency recorded a substantial surge of over […]

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Ross Ulbricht Thanks Trump for Commutation Pledge

Silk Road founder Ross Ulbricht expressed his gratitude towards former U.S. President and 2024 presidential candidate Donald Trump for promising to commute his sentence on the first day of his potential second term. This pledge was made during Trump’s speech at the Libertarian National Convention on Saturday. Ulbricht, who has spent 11 years in prison,

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Historic Green Light for Ethereum ETFs

In a significant shift in the cryptocurrency investment landscape, the United States Securities and Exchange Commission (SEC) has granted approval for spot Ethereum exchange-traded funds (ETFs), marking a pivotal moment months after initially greenlighting Bitcoin ETFs. This historic decision came on May 23, after a long period of minimal engagement with the applicants, signaling a

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NORMIE Coin Plummets After Suspected Insider Exploit

The cryptocurrency world witnessed a dramatic plunge as NORMIE, a memecoin on the Ethereum layer 2 network Base, saw its value drop by 99% within minutes. This severe drop resulted from an exploit that drastically inflated the token’s supply, erasing $40 million from its market cap. The incident was dissected by a pseudonymous crypto trader

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JPMorgan Doubts SEC Will Approve Solana ETFs

Amid the evolving landscape of cryptocurrency regulations, JPMorgan has expressed skepticism regarding the potential approval of Solana and other crypto exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). This comes in the wake of the SEC’s recent nod to Ethereum ETFs, stirring discussions within the financial sector. Nikolaos Panigirtzoglou, the managing

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Jenner’s Memecoin Stir: Hack or Hoax?

Amid the swirling currents of crypto enthusiasm, Caitlyn Jenner has become the latest celebrity to wade into these turbulent waters, sparking both intrigue and skepticism on social media platform X (formerly Twitter). This past Sunday, Jenner’s account tweeted a promotion for a new memecoin available via the launchpad Pump.fun, beckoning the crypto community with a

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