The complaint, citing $4–$5.5 billion in user losses, includes RICO charges against the Solana-based Pump.fun platform, and names over a dozen defendants. After briefly rallying 16% post-ICO, PUMP has plunged over 50%, now trading below $0.0030. On Wednesday, July 23, Burwick Law filed a lawsuit characterizing Pump.fun as a “front-facing slot machi

Tether, the issuer of the world’s largest stablecoin USDT, has disclosed a portion of its investment portfolio, revealing an involvement in cryptocurrencies that extend beyond Bitcoin (BTC). The announcement comes as Tether reports record profits in 2024, which have been used to fund these strategic investments in more than 120 companies across mul

The dominant cryptocurrency has mostly languished under $120K since its $123K peak on July 14, but even then, altcoins have failed to dethrone it. Even With Bitcoin Flat, Hopes for Altcoin Season Are Fading Bitcoin ( BTC) has been treading water for the past week or so, and despite a relatively bullish sentiment, as measured […]

Bitcoin Magazine What Does Scaling Bitcoin Mean? What Are We Scaling? Bitcoin has a scaling problem.  It was designed to facilitate payments not dependent on trusted third parties, and in order to accomplish this the system needs to be verifiable for all users to ensure payments are valid without trusting the word of a third […]

In a significant development for the cryptocurrency sector, Strategy, a prominent financial enterprise, has successfully secured a substantial $2 billion from a recent preferred stock issuance. This move aligns with the firm’s strategic investment plans amidst a favorable bitcoin rally, highlighting the increasing connection between mainstream fina

As Bitcoin continues its upward momentum, technical analysts are pointing to the long-observed Power Law resistance band. While market sentiment remains bullish, the proximity to this structural ceiling raises the possibility of increased volatility and consolidation. Analyst Highlights Technical Headwinds Facing Bitcoin Rally Despite recent bullis

A wallet linked to Ripple co-founder Chris Larsen recently transferred $175 million worth of XRP, raising concerns among investors. XRP price has dropped from its recent highs, but analysts remain bullish about the coin. Ripple co-founder Chris Larsen has reportedly transferred $175 million worth of XRP to exchanges. This transaction has raised eye

The Boss, a crypto analyst, recently noted on a X post that Litecoin (LTC) is firmly holding its long-term upward trend that began back in 2020. According to his analysis, LTC has consistently bounced off this key ascending trendline, highlighting its ongoing relevance in the current market structure. As price action continues to respect this [&hel

Currently, the Altcoin Season Index of the market is leaning more towards Bitcoin dominance, but not exclusively, and is not yet in a strong Altcoin Season. Some altcoins are making impressive moves, with XRP, Solana, and the biggest meme coin, DOGE, all posting double-digit gains. Despite today’s market turbulence, Bitcoin (BTC) is holding steady

Bitcoin Magazine Michael Saylor’s Strategy Will Expand Preferred Equity Sale to $2 Billion to Purchase More Bitcoin Strategy, the largest corporate Bitcoin holder, increased its preferred equity sale from $500 million to $2 billion, according to a Bloomberg report. The raise escalation reflects strong investor demand as the company continues to rai