Coinedition
Shiba Inu’s price target of $0.001 gains traction as community discussions intensify. SHIB experiences a significant drop after a week-long rally while bearish patterns emerge. On-chain data shows a steady rise in SHIB holders and active transactions despite fluctuations.
The co-founders of a16z expressed their desire to have a favorable policy under the Trump administration. The duo stated that investors lacked protection under Joe Biden’s governance. Horowitz accused the financial regulators in Biden’s tenure of providing “false promises” to crypto traders.
The DOJ is initiating a civil forfeiture procedure against Binance. Former FTX CEO deposited about $16 million on the Binance exchange. The deposited funds were linked to bribery by Sam Bankman-Fried.
Revolut expands Revolut X crypto trading to 30 European markets, targeting seasoned traders. Nearly $13.5M in fraudulent crypto transfers were blocked, with 92% processed without manual checks. Revolut secures UK banking license, begins mobilization while continuing e-money services.
Solana meme coin sensation PNUT hits $1.3 billion market cap in 10 days. Elon Musk sparks meme coin frenzy with latest comments. Meme coin proponents advise caution amid market hype.
Donald Trump seeks to fulfill his promise of turning the US the “crypto capital of the planet.” Trump’s advisors are looking for pro-crypto personnel for federal agencies. The advisors are also in discussion with prominent industry advocates for pro-crypto policies.
Senator Cynthia Lummis is confident of a Bitcoin Act soon. Bipartisan support is needed to actualize the Strategic Bitcoin Reserve. Senator Lummis’ bill is consistent with Donald Trump’s Bitcoin target.
Helius CEO revealed that his firm is working on a new upgrade for Solana. SOL is up 268.02% since November 2023 and has surged 47% in the past month. The new upgrade is expected to increase Solana’s TPS by 1,000 times.
