Magic Eden’s TestME: A Token Test Run
Magic Eden, the cross-chain NFT marketplace, is launching a new token called TestME on Tuesday. But this isn’t your typical token drop. The TestME token is designed as a trial run to showcase the technical capabilities of the Magic Eden Foundation and its wallet. Serving as a precursor to the platform’s forthcoming governance token, rebranded […]
Hong Kong Eyes Crypto Tax Breaks
In a bid to bolster its position as a global digital assets hub, Hong Kong is preparing to introduce policies extending tax incentives to family offices and private funds that invest in crypto assets. By the end of the year, the Special Administrative Region (SAR) aims to provide new incentives for wealthy clients, reinforcing its […]
MemeFi Shifts to Sui for Token Launch
In a bold move just weeks before its anticipated token launch, MemeFi—a Telegram-based combat game—has announced its shift from Ethereum’s Linea to the Sui network. This unexpected switch marks a strategic alignment with Mysten Labs, Sui’s development team, promising not only a faster blockchain experience but also a new integration between the Sui network and […]
Ex-Pump.fun Dev Seeks to Withdraw Guilty Plea
Jarett Dunn—better known in the crypto community as Stacc—has made a last-minute request to withdraw his guilty plea in an ongoing case involving Solana token launchpad Pump.fun. Dunn, who was accused of siphoning off $2 million from Pump.fun, had initially pleaded guilty to abuse of position and transfer of criminal property. The unexpected turn of […]
Microsoft Shareholders to Vote on Bitcoin Investment Proposal
Microsoft (NASDAQ: MSFT) has included Bitcoin on the agenda for its annual shareholders meeting set for December 9, according to a filing with the Securities and Exchange Commission (SEC) on Thursday. Shareholders will vote on a range of items, including a proposal titled “Assessment of investing in Bitcoin.” However, Microsoft’s board is urging shareholders to […]
X Empire’s X Token Launch Falls Short, Players Disappointed
The highly anticipated X token from Elon Musk-themed Telegram game X Empire launched on The Open Network (TON) on Thursday, marking one of the year’s major Telegram-based token drops. However, with a launch price far below pre-market expectations and continuing volatility, many players have expressed disappointment in their airdrop rewards. X Token Price Dips Below […]
Pump.fun Video Feature Misused for Illegal Content
Pump.fun, a meme coin creation platform that has been a hub for Solana tokens in 2024, faced a severe challenge this week when its newly launched video feature was exploited to upload child sexual abuse material. The incident, confirmed by Pump.fun’s developers, has raised alarms about the moderation and safeguarding of such digital platforms. Exploitation […]
$Russell Meme Coin Surges 500% After AI Query
On Wednesday, the crypto world witnessed another wild meme coin surge after an unexpected query from terminal of truths. An AI bot on Twitter (X), regarding Coinbase CEO Brian Armstrong’s potential dog, Russell. The interaction triggered a 500% price increase for $Russell. A meme coin on the Base blockchain, despite the coin having no actual […]