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Gemini’s other co-founder, Tyler’s twin Cameron Winklevoss, said that only Bitcoin and potentially Ether currently satisfy the criteria for a “store of value reserve asset.”
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If the US opts for more variety, Armstrong pitched adopting a market cap-weighted index of cryptocurrencies to remove potential bias.
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“Memecoins have evolved from community-driven social experiments into a chaotic landscape dominated by value extraction from retail investors,” Plotnikova told Cointelegraph, adding:
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The CFTC is currently led by acting chair Pham, who was voted acting chairman on Jan. 20 after former chair Rostin Behnam resigned.
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A Pump.fun-operated AMM could remove a portion of Raydium’s business, as currently when a Pump.fun token sees enough trading activity, it completes what’s known as a “bonding curve,” and the token is launched on Raydium for further trading.
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Ether has yet to stage a significant recovery in the current cycle, with the price remaining around 44% below its all-time high of above $4,890 recorded three years ago in November 2021.
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The Libra token briefly rose to a peak market capitalization of $4.56 billion at 10:30 pm UTC on Feb. 14 before falling over 94% to a $257 million market cap in just 11 hours since the token debuted for trading on decentralized exchanges, Dexscreener data shows.
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“This scandal, which embarrasses us on an international scale, requires us to launch an impeachment request against the president,” opposition lawmaker Leandro Santoro told Reuters, according to a Feb. 16 report.
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Milei may now face the risk of impeachment after Argentina’s fintech chamber acknowledged that the case may be a rug pull.
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After the token’s collapse on Feb. 15, Milei issued a statement on X, noting that he was not aware of the details of the project when he endorsed it and that he has “no connection whatsoever” with the “private enterprise” that launched the token.
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Milei has requested the Anti-Corruption Office to investigate all government members, including the president himself, for potential misconduct, according to a Feb. 16 X statement issued by Argentina’s presidential office, Oficina del Presidente.
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Milei has requested the Anti-Corruption Office to investigate all government members, including the president himself, for potential misconduct, according to a Feb. 16 X statement issued by Argentina’s presidential office, Oficina del Presidente.
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After the token’s collapse on Feb. 15, Milei issued a statement on X, noting that he was not aware of the details of the project when he endorsed it and that he has “no connection whatsoever” with the “private enterprise” that launched the token.
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AI agents are autonomous software programs that leverage artificial intelligence to perform tasks, often in decentralized finance (DeFi) or as key components of blockchain ecosystems. These agents can range from automated trading bots to decision-making systems that interact with smart contracts.
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According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.
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Of the top 100, the Solana-based memecoin Fartcoin (FARTCOIN) rose over 58% as the week’s biggest gainer, followed by the XDC Network (XDC) token, up over 49% on the weekly chart.
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Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.
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A cryptocurrency businessman and a Los Angeles County Sheriff’s Department (LASD) deputy have admitted to federal crimes, including conspiracy, civil rights violations, and tax evasion.
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The Department of Justice announced the plea agreements on Jan. 17, stating that Adam Iza, 24, who dubbed himself the “crypto godfather,” founder of the Zort crypto trading platform, orchestrated a scheme involving intimidation, extortion, and fraud.
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Eric Chase Saavedra, 41, a former LASD deputy and task force officer, misused law enforcement resources to aid Iza’s illegal activities.
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