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📉👀 Over $44 billion has been wiped out from the #memecoin market in the past 3 weeks.
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Donald Trump just banned official digital currency in the US. Titled “Strengthening American Leadership in Digital Financial Technology,” the order prohibits any federal agency from developing or promoting a CBDC, terminating all ongoing plans related to such initiatives. The move reflects Trump’s commitment to keeping digital financial innovation within the private sector while avoiding government-controlled digital currencies. Additionally, the executive order establishes a working group to regulate digital assets, including stablecoins, and evaluate the creation of a national cryptocurrency stockpile. The proposed stockpile is expected to include Bitcoin, aligning with Trump’s campaign promises. Last year, he pledged to leverage Bitcoin assets seized by law enforcement to build a strategic reserve. Currently, the U.S. government holds over 198,000 BTC, worth more than $20 billion. Senator Cynthia Lummis has introduced separate legislation to expand the reserve through large-scale Bitcoin purchases, though it would require congressional approval. Trump also fulfilled another major crypto-related pledge this week by granting a full pardon to Silk Road founder Ross Ulbricht.
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Japan's App Store and Google Play store has blocked downloads for Bybit, Bitget, MEXC, KuCoin, and Bitcastle following a request from the Financial Services Agency (FSA) after its prior warning. In November 2024, the FSA cited these exchanges for operating without registration and serving Japanese residents illegally. Under Japan’s 2017 law, only FSA-licensed exchanges can operate in the country. #JapanCrypto
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📈 $2.72B #USDT was sent to exchanges this week, the largest net inflow since 2022 This surge seems to coincide with the recent market dip that triggered widespread liquidations, potentially prompting traders to move stablecoins to exchanges for added collateral and to safeguard leveraged positions.#usdt #big
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💸 The total number of Ethereum and Layer 2 hacks has risen to 83, with losses exceeding $1.192 billion—a +20.29% increase from last year. #Hack #ETH
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🎰 The law firm filed a lawsuit against Pumpfun said that since the lawsuit on Pumpfun, 200 memcoirs used the names of the company, logos, and the names of employees and plaintiffs have been launched. Require the removal of these tokens and #DOGSHIT2. (cointelegraph) Previously: trader made x463 on Dogshit2 #pumpfun
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