Justin Sun buys more of Trump’s WLFI than it planned to sell
Justin Sun has purchased $30m worth of WLFI, the Trump-endorsed cryptocurrency project, more than the project said it intended to sell.
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Michael Saylor buys 55,500 more BTC, average price nears $57,000
In the 1980s, a single family manipulated the price of silver. Critics think that situation is similar to MicroStrategy and bitcoin.
— HTX, Justin Sun
Justin Sun’s HTX redeems $500M in WBTC it wasn’t supposed to have
Justin Sun-advised HTX recently redeemed approximately $500 million worth of WBTC, despite having no WBTC on its proof-of-reserves.
— Pump.Fun
Pump Fun livestreams spark backlash from disgusted traders
Controversial Pump Fun content, including gunplay and animal beheadings, has led many users to call for the end of its livestream feature.
Shock! Two thirds of memecoins now ‘worthless’ says new research
New research corroborates earlier findings that the vast majority of memecoins crash after their initial promotion and never recover.
— France, Polymarket
Polymarket bans French users but still can’t stop VPNs
A reporter used a VPN to bypass Polymarket's French ban that was put in place after one gambler made $85M betting on the US election.
— Michael Saylor, MicroStrategy
MicroStrategy down 16% after short seller’s report
Andrew Left tweeted negatively about MicroStrategy 13 minutes into Thursday’s trading session. Within 90 minutes, the stock had declined 16%.
World Network wants $100 deposit from users to work its orbs
World Network -- previously Worldcoin -- is offering anybody willing to pay $100 the chance to operate one of its eye-scanning orbs.
The math behind MicroStrategy’s bitcoin bet
Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.
— SEC, Stablecoins
TUSD up to 99.7% backed by speculative assets despite SEC settlement
Dollar-pegged stablecoin TUSD may still be up to 99.7% backed by speculative assets, despite an SEC settlement that alleged this behavior.