President Yoon Arrested After Martial Law Attempt
In an unprecedented move, South Korea’s Seoul Western District Court issued an arrest warrant for President Yoon Suk Yeol on Dec. 31. This marked the first time a sitting South Korean president faced such legal action, as reported by the Korea Herald. The arrest warrant comes on the heels of Yoon’s impeachment by parliament on […]
Bybit Faces Ban in Malaysia
Malaysia’s Securities Commission (SC) has taken enforcement action against Bybit, a global cryptocurrency exchange, and its CEO Ben Zhou, for operating without proper registration. The SC announced on Friday that Bybit must suspend its website, mobile apps, and digital platforms in Malaysia within 14 business days starting December 11. Additionally, the exchange has been ordered […]
Ether Long-Term Holders Surge as Bitcoin Declines
The number of long-term Ether (ETH) holders has steadily increased throughout 2024, reflecting growing confidence in the asset as the year ends. According to a Dec. 30 post by IntoTheBlock, 75% of Ether holders now qualify as long-term, compared to 59% in January. In contrast, the percentage of long-term Bitcoin (BTC) holders has dropped from […]
Squid Game Season 2 Tackles Crypto Scams
Netflix’s Squid Game returns with Season 2, sparking global conversations as it dives into a storyline involving cryptocurrency fraud. Among the new characters is Lee Myung-gi, a 30-year-old YouTuber who operates a fraudulent crypto scheme. Myung-gi, portrayed as a crypto scammer, lures victims into his fake MG Coin channel. His scheme mirrors the allure and […]
Whale’s Big Bet on ai16z Pays Off
On-chain analytics platform Lookonchain has flagged increased buying activity around ai16z, an AI agent meme coin. In a notable trade, a crypto whale invested $10 million in USDC to purchase 13.16 million ai16z tokens two weeks ago. This high-stakes gamble has paid off significantly. Soaring Prices and Unrealized Profits Following a 30% market rally in […]
Michael Saylor’s Controversial Take: Bitcoin Isn’t Currency
On a recent episode of the Galaxy Brains podcast, Michael Saylor, co-founder of MicroStrategy, stirred the crypto community by claiming that Bitcoin is not a currency but “capital and capital only.” “You just have to come to grips with it,” Saylor stated. “It is not digital currency. It is digital capital.” This statement contradicts Bitcoin’s […]
MicroStrategy Founder Highlights Bitcoin “Gift” to Shareholders
MicroStrategy founder Michael Saylor has once again underscored the company’s commitment to Bitcoin accumulation, calling it a “gift” to shareholders. In a recent X post, Saylor revealed that the company’s treasury operations generated approximately 3,177 BTC last week—valued at $299 million based on Bitcoin’s current price of $94,000. This milestone is a testament to MicroStrategy’s […]
Chill Guy Meme Coin Faces Plagiarism Scandal
The once-dominant Chill Guy meme coin, which peaked with a $790 million market cap, is now mired in controversy following allegations of plagiarism. A Vietnamese children’s magazine cover, featuring a boy and a dog striking poses similar to Chill Guy’s viral meme, has sparked debate about the origin of the artwork. The Allegations Crypto Twitter […]
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