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$DOGE Hedge fund manager Joe McCann of Asymmetric shares his approach to meme coin investments, focusing on "blue-chip meme coins" with sustained billion-dollar market caps. He emphasizes the importance of technical analysis and data-driven strategies over hype-driven investing.
Argentine President Faces Impeachment Amid Cryptocurrency Promotion Scandal😵
Argentine President Javier Milei is under fire after promoting a cryptocurrency called $LIBRA, which experienced a meteoric rise followed by a sudden collapse. Milei endorsed the cryptocurrency, suggesting it would bolster economic growth by funding small businesses. However, shortly after his endorsement, $LIBRA's value plummeted to near zero, leading to significant investor losses. Opposition lawmakers have filed fraud complaints and are calling for his impeachment, though achieving the necessary majority remains uncertain. Milei denies any wrongdoing and claims no direct involvement with the cryptocurrency.
Nigeria Sues Binance for $81.5 Billion Over Alleged Economic Losses and Tax Evasion🤑
The Nigerian government has filed a lawsuit against Binance, the world's largest cryptocurrency exchange, seeking $79.5 billion in economic damages and an additional $2 billion in back taxes for the past two years. This legal action is part of Nigeria's broader crackdown on the crypto industry, which intensified last year. Authorities claim that Binance's operations have contributed to the country's currency challenges and have previously detained two of its executives in 2024. Binance denies the allegations and asserts its cooperation with Nigeria's Federal Inland Revenue Service to address any tax liabilities.🤧🤧
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Hong Kong’s crypto strategy advances with new exchange approval 🤑🤩😍
Hong Kong continues its push to establish itself as a leading digital asset hub, with the Securities and Futures Commission granting Bullish, a Peter Thiel-backed crypto exchange, regulatory approval to operate in the city. This brings the total number of licensed virtual asset trading platforms in Hong Kong to ten. The Securities and Futures Commission reaffirmed its commitment to a “vibrant and promising” digital asset future, outlining a roadmap that emphasizes regulatory clarity, institutional participation, and enhanced investor protections. These developments were further highlighted during Consensus Hong Kong 2025, where Securities and Futures Commission CEO Julia Leung spoke about the city’s ongoing regulatory efforts and the introduction of crypto derivatives and margin lending for professional investors.
HADHDEX RECEIVES APPROVAL FOR WORLD'S FIRST XRP SPOT ETF🔥✅️ #xrp $XRP
In a recent development, Hashdex has received approval from the Brazilian Securities and Exchange Commission to launch the world’s first XRP spot ETF.
The HASHDEX NASDAQ XRP INDEX FUND is in its pre-launch phase, marking an important milestone for both the cryptocurrency market and Brazil’s financial sector, according to Portal do Bitcoin.
The listing date on the Brazilian stock exchange B3 is yet to be announced. The fund will be administered by Genial Investimentos, though further details are yet to be disclosed.
This past week, the crypto market has seen massive volatility, while traders follow Michael Saylor's advice to take a break.
The metric, spotted by Santiment, suggests that the 2024 crypto rally has finished. According to the data, the trading volume dropped by 64% to seven-week lows compared to the previous week, which saw Bitcoin hit an all-time high.
This sharp decline, particularly in speculative altcoins, aligns with seasonal patterns, as year-end holidays and financial planning often reduce market activity.
Despite this, whale activity remains a key factor to watch. Their strong accumulation trend suggests the potential for a surprise pump before the year ends, especially with retail traders largely disengaged.
XRP OPEN INTEREST SHRINKED BY 1BILLION$ IN 24 HOURS, Here's why?$XRP #XRP’
XRP has been consolidating under key resistance for over a month, frustrating investors as the altcoin struggles to gain upward momentum.
This prolonged stagnation has impacted trader confidence, with many opting to step back amid a lack of significant price growth.
XRP Traders Are Uncertain Open Interest (OI) in XRP Futures dropped by $1 billion in the past 24 hours, signaling a loss of trader conviction. Just a day earlier, OI had surged to $2.9 billion, fueled by expectations of a price rally. However, when these hopes failed to materialize, traders began pulling their money out.
This sudden withdrawal indicates a growing bearish sentiment among XRP enthusiasts. The decline in OI highlights the increasing skepticism surrounding XRP’s ability to break through its current resistance levels, potentially dampening market activity further in the short term.
Stated that it will airdrop USDC to Frontier (FRONT) and Self Chain (SLF) owners.“To demonstrate our commitment to always putting users and their feedback first, we are pleased to announce a USDC airdrop for eligible FRONT and SLF holders, sponsored by the SLF team.The FRONT snapshot occurred on 28.08.2024 00:00 (UTC).Users' assets in Spot and Funding Wallets were taken into account.The SLF snapshot occurred on 02.09.2024 00:00 (UTC).Users' assets in Spot, Funding, Margin and Earn Wallets were taken into account.Eligible users who hold FRONT and/or SLF in their Binance Wallets during the above snapshot periods will receive USDC from a pool of 1,000,000 USDC that will be distributed in proportion to their snapshotted holdings.“Binance will complete the distribution of USDC to eligible users by 2024-09-13 00:00 (UTC). No further announcement will be made.”
The Solana meme coin released some time ago suddenly attracted attention of retail traders, surging 117% since July 11. However, there is some silver lining not many are aware of.
A wager on Polymarket surfaced in 2024 regarding the first cat-themed meme coin to hit $1 billion in market capitalization. With an all-time high (ATH) of almost $800 million, Mew was leading the race in April. But the decline of the token was brought about by bad press created by certain influencers who made claims that the token was VC-backed and promoted it in questionable ways. Ansem and other influencers allegedly made over $250,000 by promoting the token.