As rumors swirl, Animoca and GSR have distanced themselves from the scandal. Binance released an official report detailing actions taken against a market maker involved in irregular trading activities for GoPlus Security (GPS) and MyShell (SHELL). Following an internal investigation, the crypto exchange identified misconduct by the market maker, who...
Pi Network (PI) News Recap March 7th
Pi Network continues with the deadline extensions. On the other hand, it reached a major milestone last month. TL;DR Pi Network launched its Open Network on February 20. A few weeks later, it gained over 4 million followers on X (formerly Twitter). PI’s price may experience volatility if Binance lists...
“Never Sell Your Bitcoin”: Trump, Treasury Deliver Remarks At White House Crypto Summit
Treasury Secretary Bessent said he wants to create US dollar hegemony worldwide using stablecoins. President Donald Trump hosted the first White House Digital Asset Summit on Friday, with a handful of major crypto executives and relevant members of his administration. Trump repeated his promises from his Thursday executive order to...
Coinbase’s Base Acquires Iron Fish Team to Enhance Privacy on Layer 2 Network
Immediately after the announcement, the price of Iron Fish's native token (IRON) surged by nearly 32% to almost $0.27 on March 7th. Coinbase-incubated Layer 2 network Base has announced acquiring the development team behind Iron Fish, a privacy-focused blockchain project. The latest move aims to boost privacy features within Base....
SBF’s Crisis Manager Resigns After Surprise Jailhouse Interview
Sam Bankman-Fried's crisis manager resigned after the jailed FTX founder conducted a surprise interview without prior approval or coordination. Sam Bankman-Fried (SBF), the disgraced founder of cryptocurrency exchange FTX, has conducted a second interview from prison, once again drawing controversy and causing repercussions for his crisis management team. The interview,...
Shiba Inu (SHIB) Can Soar by 50% Under This Condition (Analyst)
Ali Martinez explained why "a rally toward $0.000020 could be in play." TL;DR Analysts suggest a substantial surge for SHIB if the asset remains above a certain support line and buying pressure returns. On the other hand, Shibarium’s stalled progress and Shiba Inu’s declining burn rate indicate that the bearish...
Solana Foundation Exec Criticizes SIMD-228 as ‘Half-Baked,’ Anatoly Yakovenko Disagrees
Lily Liu warns SIMD-228 could undermine SOL’s growth, but Anatoly Yakovenko supports the plan, highlighting the need for debate. Solana Foundation Executive Director Lily Liu has raised concerns over SIMD-228, a proposal to adjust the emissions of the network’s native SOL token based on staking participation, calling it “too half-baked.”...
XRP, SOL, and ADA Inclusion in US Crypto Reserve Pushes Traders on Edge
The market reacted with a classic "buy the rumor, sell the news" move after Trump’s crypto reserve announcement. There has been growing uncertainty and frustration among cryptocurrency traders following Bitcoin’s steep 10% drop within 24 hours. The sudden decline sparked widespread panic and anger across crypto-focused social media channels and...
Trump-Related Meme Coins in Freefall as Crypto Market Takes a Hit
The total market capitalization of the crypto sector is down by over 10% in the past 24 hours. TL;DR Trump-themed memes followed the broader decline of the cryptocurrency sector, tanking by double digits. Official Trump has slipped below $12.50, but some analysts believe a resurgence could be on the horizon....
Is the Ripple v. SEC Lawsuit Over? This Former White House Official Thinks so
The legal tussle dates back to December 2020 and is among the most intriguing topics in the crypto space. TL;DR While Anthony Scaramucci claims the Ripple lawsuit is over, no official confirmation exists, with experts predicting a settlement. US attorney James Murphy suggests the company is negotiating to vacate Judge...
