#SECCrypto2.0 🔥 JUST IN: #Blackrock adds its blockchain-based money market fund to solana...and ⚪️ Solana co-founder: “No reason to build a Layer-2”
Anatoly Yakovenko argues that fast, scalable Layer-1 chains like Solana make L2s unnecessary. He points to innovations like Chilly and Avocado as proof Solana can scale without rollups, reigniting debate over blockchain architecture.
#SECCrypto2.0 🔥 JUST IN: #Blackrock adds its blockchain-based money market fund to solana...and ⚪️ Solana co-founder: “No reason to build a Layer-2”
Anatoly Yakovenko argues that fast, scalable Layer-1 chains like Solana make L2s unnecessary. He points to innovations like Chilly and Avocado as proof Solana can scale without rollups, reigniting debate over blockchain architecture.
LG Electronics will close its NFT marketplace, LG Art Lab, on June 17, 2025, citing a shift in focus toward new opportunities in the evolving NFT space. Users will have until April 30 to transfer their NFTs, with full service support ending by July 18.
📣 Pakistan Establishes Crypto Council for Blockchain Regulation
Pakistan has launched the Pakistan Crypto Council (PCC) to regulate blockchain technologies and digital assets, aiming to foster innovation and economic growth. Led by Finance Minister Muhammad Aurangzeb, the council will focus on transparency, investor protection, and compliance, positioning Pakistan as a key player in the digital finance sector. #pakistanicrypto #Pakistan #PakistanBlockchain
‼️ Kaito AI Founder’s X Account Hacked in Market Manipulation Attempt
Hackers compromised the X account of Kaito AI founder Yu Hu, falsely claiming a wallet breach to trigger panic selling. The KAITO token dropped over 13% before stabilizing, with trading volume surging 80%. Kaito AI confirmed no wallets were affected, and the accounts have been restored.
❕ Pump.fun Token Launches Plunge Over 80% Amid Memecoin Scandals
Successful Pump.fun token listings have dropped over 80% from January highs, with daily bonding completions falling from 1,200 to 200. Retail sentiment has weakened due to insider selling, major losses, and high-profile scams, including the $4.4B LIBRA collapse and Trump’s TRUMP memecoin losses. The Pump.fun X account was also hacked on Feb. 26 to promote fraudulent tokens, further damaging trust in the platform.
📣 U.S. Congressman Pushes to Ban Officials from Profiting on Memecoins
Rep. Sam Liccardo introduced the MEME Act, aiming to prohibit U.S. officials and their families from launching and promoting memecoins. The move comes after TRUMP and MELANIA tokens reportedly earned the Trump family $100M, while investors lost #
⚠️ Crypto Platform Coin ZX Associates Arrested in Mumbai for $23M Fraud
Mumbai police have arrested associates of Coin ZX, a crypto platform accused of scamming investors out of $23 million through a fraudulent investment scheme. The firm's Dubai-based director, Ravi Mahaseth, remains at large as authorities investigate. Victims were lured through multi-level marketing seminars, promised guaranteed Bitcoin returns, and later faced withdrawal freezes. With crypto fraud rising in India, enforcement agencies continue to crack down on Ponzi-style schemes targeting retail investors. #ZX #scam #dubai
❕ Michael Saylor Urges U.S. to Buy 20% of Bitcoin Supply
MicroStrategy founder Michael Saylor has proposed that the U.S. government acquire 20% of Bitcoin’s supply, arguing it could strengthen the dollar and even pay off the national debt. Speaking at CPAC, he warned that if the U.S. doesn’t act, another nation could seize the opportunity. However, critics argue that such a move could undermine the dollar’s reserve currency status rather than strengthen it. The debate highlights Bitcoin’s growing role in global finance.
📣 Kanye West Confirms Plans to Launch His Own Crypto Next Week
Kanye West, now known as Ye, has denied any connection to the circulating YZY tokens and announced that he will launch his own cryptocurrency next week. His statement comes after previously distancing himself from digital assets, sparking mixed reactions in the crypto community. Reports suggest the token could be linked to his Yeezy brand, with speculation building around its potential structure and launch date.