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According to CoinMarketCap data, the total market capitalization of memecoins stood at $54 billion on March 5, down 56% from $124 billion on Dec. 5, 2024.
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A crypto trader and marketing executive who correctly predicted FTX’s collapse said FTX creditor repayments coming a little over two years after the incident is a “win” — all things considered.
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Still, the Bybit hack alone accounts for more than half of the $2.3 billion stolen in crypto-related hacks in 2024, marking a significant setback for the industry.
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The SEC must review and approve the filings before trading can commence.
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The filing adds to the litany of applications with the US Securities and Exchange Commission by exchanges and asset managers seeking to list ETFs tied to alternative cryptocurrencies, or altcoins.
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https://warpcast.com/bonnieben5n/0x670c9a74
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https://warpcast.com/isabe4olria/0x4128f71c
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https://warpcast.com/isabe4olria/0x4128f71c
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https://warpcast.com/bonnieben5n/0x670c9a74
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Today in crypto, FTX is set to begin repaying $1.2 billion to creditors, marking a key step in the exchange’s bankruptcy proceedings, Argentine President Javier Milei made his first public statement since the disastrous Libra memecoin launch to deny any wrongdoing on his part, and the ratio of long to short positions on SOL in futures markets is tilting bearish as memecoin losses mount.
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Baldiviezo also accused Milei of violating the Public Ethics Law, which is Argentina’s framework for public officials, requiring them to declare asset holdings and conflicts of interest.
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In other words, “Stick a fork in the SEC’s case against Coinbase, it’s done,” he said.
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Rombolá also said his firm is preparing a class-action suit for people who might have invested in the token and lost money.
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Argentine lawyers have reportedly filed charges against Argentina’s president, Javier Milei, in a criminal court for promoting a cryptocurrency that briefly pumped and then tanked over the weekend.
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https://warpcast.com/apollo8urson/0xc3194df2
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Telegram will cease support for all blockchains other than The Open Network (TON) for its messenger services, including Mini Apps, according to an announcement shared with Cointelegraph on Jan. 21.
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TON will become the exclusive blockchain infrastructure for Telegram’s Mini App ecosystem as part of a new partnership between Telegram and the TON Foundation.
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The new partnership builds on the close collaboration of Telegram and the TON Foundation, with Telegram having repeatedly endorsed TON as its blockchain network of choice for Web3 infrastructure.
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The TON Foundation said that Telegram’s TON features played a significant role in the growth of the network through its updates to Mini Apps, usage of Toncoin for pay-ins and payouts, and its advertising platform.
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In a Feb. 16 statement to X, Rombolá, who is also a member of the Argentine political party Unión Cívica Radical, said he had reported Milei for alleged “fraud, negotiations incompatible with public office, price manipulation and financial crimes.”
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