February 6, 2025

Cease-and-Desist Letter Issued to PumpFun Over Unauthorized Token Use

Two law firms – Burwick Law and Wolf Popper LLP – have issued a cease-and-desist letter to the Solana-based meme coin creation platform PumpFun, demanding the immediate removal of the Dogshit2 token and other related coins deployed on the Solana blockchain that utilize unlicensed intellectual property from their firms. According to the law firms, PumpFun...
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Ethereum (ETH) Set to Hit $2,200 Level, Here’s Why 

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is poised for a massive price decline as it has formed a bearish price action pattern on its daily timeframe. However, investors and long-term holders seem to be taking advantage of this market outlook and are continuously accumulating tokens, as reported by the on-chain analytics firm...
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Jupiter Exchange Regains X Account Following Hack

Jupiter, a Solana-based decentralized exchange aggregator, had its X account briefly compromised, with the attacker using it to promote scam tokens, leading to market turbulence. The team has since regained control of the page, confirming that no funds or customer data were affected. Hack Leads to Token Scam Promotion The drama kicked off in the...
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Tiger21’s Michael Sonnenfeldt Reveals $6B in Crypto Holdings

Michael Sonnenfeldt, Chairman of Tiger21, a global network of ultra-wealthy investors, has disclosed that the firm holds approximately $6 billion in cryptocurrency. He also stated that the network of high-net-worth investors remains bullish on Bitcoin. The Ultra-Wealthy Are Bullish on BTC “We have about 1% to 3% of $200 billion in assets, so about $6...
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Bitcoin to $500K, Ethereum to $20K? Analyst Forecasts a Major Crypto Surge

Crypto analyst Michaël van de Poppe has made a bold prediction, forecasting that the price of Bitcoin could reach $500,000, with Ethereum’s soaring past $20,000 in the coming years. His outlook, supported by macroeconomic trends and growing institutional adoption, suggests that the crypto market is on the cusp of an unprecedented rally. Overcoming ‘Bear Market...
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Kraken Co-Founder Alleges Prejudice in San Francisco Co-op’s Housing Rejection

Kraken co-founder Jesse Powell has filed a lawsuit against the co-op board of a high-end San Francisco apartment building, alleging discriminatory practices that blocked him from purchasing a home due to his ties to the crypto industry. Powell claims the co-op board at 2500 Steiner Street, a prestigious building in the Pacific Heights neighborhood, manipulated...
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Tezos-Based Fraktion Stages RWA Expansion, Completes a $1.1 Million Fundraiser

Fraktion – an investment platform built on the Tezos blockchain – raised over $1.1 million in seed round funding to accelerate the development of its platform. The financing was led by numerous strategic investors, including Tezos Foundation, Vox Capital, and Cabrit Capital. Renowned business angels such as Olivier Huby (co-founder of MFEX Mutual Funds Exchange),...
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Crypto Analyst Says Altcoins May Take 2 Months to Recover, Here’s Why

With the current state of the market, after one of the largest liquidations in the history of the crypto industry, an analyst is insisting that altcoins could take two months to recover from the gains they have shed over the last couple of days. According to a tweet by crypto and stock market analyst Matthew...
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Must Watch Crypto: Why Are WEPE and PENGU Holders Rushing To Join New Meme Coin UNOMEME’S Whitelist

The meme market is absolutely saturated with new crypto presales and upcoming meme coin launches at the moment. So, for those who are focused on meme coin investments or those who are looking to tap into the meme coin market, it can be almost impossible to decipher what projects are actually worth your time and...
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Arthur Hayes Slams US Bitcoin Reserve Plans and Crypto Regulation Efforts

BitMEX co-founder Arthur Hayes has dismissed the idea of a U.S. Bitcoin reserve, calling it a politically driven and impractical concept. In his February 5 essay called “The Genie,” Hayes argued that government stockpiling of the cryptocurrency would serve political interests rather than financial stability. Bitcoin Reserve Would Be a Political Tool “What can be...
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Dubai to Host Second Edition of Middle East Blockchain Awards as MENA Drives Global Crypto Growth

[PRESS RELEASE – Dubai, United Arab Emirates, February 6th, 2025] The Middle East Blockchain Awards (MEBA) returns for its second year after the success of its inaugural edition, with Dubai selected as the host city. The ceremony will take place at the iconic Jumeirah Burj Al Arab on April 29, coinciding with the TOKEN2049 conference....
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No Movement for Bitcoin After Latest Eric Trump Plug

“Feels like a great time to enter BTC!” exclaimed Eric Trump on X on Jan. 6. The post followed a similar one on Feb. 3 when he said it was a “great time to add ETH,” resulting in a double-digit recovery for the asset. However, there was little reaction on spot markets for BTC, which remains...
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MicroStrategy Drops ‘Micro’ From Name After Record BTC Buying Quarter

“Earlier today, we announced that we are now Strategy, a new name that powerfully and succinctly conveys the universal and global appeal of our company,” said Phong Le, President and Chief Executive Officer. The rebrand came to emphasize the firm’s focus on Bitcoin and AI as transformative technologies. “We have completed $20 billion of our...
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Coming Soon: BERAUSDT Perpetual Swap Listing with Up to 50x Leverage 

As of 7 February at 04:00 UTC, a new listing – BERAUSDT – featuring Berachain – will be available to trade on BitMEX, and with up to 50x leverage.   For the lowdown on the latest listing, read on. If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in...
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The Genie

(Any views expressed here are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Want More? Follow the Author on Instagram, LinkedIn and X Access the Korean language version here: Naver Subscribe to see the...
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Bitcoin (BTC) $ 84,525.65 0.67%
Ethereum (ETH) $ 1,577.99 2.60%
Tether (USDT) $ 1.00 0.02%
XRP (XRP) $ 2.06 1.18%
BNB (BNB) $ 589.07 0.10%
Solana (SOL) $ 136.57 1.63%
USDC (USDC) $ 1.00 0.01%
TRON (TRX) $ 0.245547 1.71%
Dogecoin (DOGE) $ 0.153697 2.49%
Cardano (ADA) $ 0.615 1.48%
Bitcoin (BTC) $ 84,525.65 0.67%
Ethereum (ETH) $ 1,577.99 2.60%
Tether (USDT) $ 1.00 0.02%
XRP (XRP) $ 2.06 1.18%
BNB (BNB) $ 589.07 0.10%
Solana (SOL) $ 136.57 1.63%
USDC (USDC) $ 1.00 0.01%
TRON (TRX) $ 0.245547 1.71%
Dogecoin (DOGE) $ 0.153697 2.49%
Cardano (ADA) $ 0.615 1.48%