jolineame

@jolineame

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@charlotte6lava

“This means the creator of Melania — or someone close to their team —sniped their own launch,” wrote Bubblemaps.

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@charlotte6lava

Several weeks later, the analytics firm noticed that the same 0xcEA wallet had funded the wallet address responsible for creating the LIBRA token.

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The LIBRA memecoin was endorsed by President Milei immediately after launch. However, the event rapidly turned into a financial catastrophe after insiders reportedly cashed out over $107 million, wiping out nearly 94% of the token’s value in less than four hours.

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According to data from blockchain intelligence firm Lookonchain, at least eight wallets linked to the Libra team quickly siphoned liquidity from the token, pocketing $57.6 million USD Coin and 249,671 Solana, worth $49.7 million at the time.

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Launched on Jan. 19, the official MELANIA token hit a peak value of over $13 billion within four hours but has since slumped 99% to $189 million at the time of publication.

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Twelve states in North America have reported holding Strategy, formerly MicroStrategy, stock in their state pension funds or treasury as of the end of 2024, totaling $330 million.

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Twelve states in North America have reported holding Strategy, formerly MicroStrategy, stock in their state pension funds or treasury as of the end of 2024, totaling $330 million.

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Launched on Jan. 19, the official MELANIA token hit a peak value of over $13 billion within four hours but has since slumped 99% to $189 million at the time of publication.

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“Vivek Ramaswamy played a critical role in helping us create DOGE. He intends to run for elected office soon, which requires him to remain outside of DOGE based on the structure that we announced today,” DOGE spokesperson Anna Kelly told the Associated Press.

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Ramaswamy said that he’d “have more to say very soon” while reaffirming his support for President Donald Trump.

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According to the report, China currently holds 190,000 Bitcoin through various confiscation efforts, making its Bitcoin reserve second only to that of the United States.

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“If major economic powers take the initiative to include Bitcoin in strategic reserves, the value of Bitcoin will be more stable, causing more and more other countries to follow suit and reduce their holdings of traditional assets,” Jiexhuang said. “This will result in the fall of the price of traditional assets and will shrink the government’s fiscal reserves holding traditional assets,” he added.

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The report stated that Hong Kong’s Financial Services and the Treasury Bureau will formulate crypto regulations based on the “same business, same risks, same rules” philosophy.

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Jiexhuang highlighted the potential of Bitcoin to attract talent and investment, while also reinforcing financial stability amid market fluctuations. He emphasized that holding Bitcoin as part of national reserves could mitigate disruptions caused by broader adoption in traditional markets, offering Hong Kong a first-mover advantage.

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According to Jiexhuang, Hong Kong’s authorities should make good use of the “one country, two systems” and first try including Bitcoin in ETFs before further exploring ways to increase Hong Kong’s Bitcoin holdings.

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Jiexhuang pointed to smaller nations, such as El Salvador and Bhutan, which have integrated Bitcoin into their strategic reserves, as well as certain US states. He added that US President-elect Donald Trump’s proposal to make Bitcoin a strategic reserve asset could have a significant impact on traditional markets.

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A Hong Kong legislator wants the special administrative region to take advantage of China’s “one country, two systems” policy to include Bitcoin in its national reserve for financial security.

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On Dec. 23, the SC added Web3 wallet service Atomic Wallet to a list of financial companies prohibited from operating in Malaysia. Like Bybit, the company was flagged for operating a DAX without registration.

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The Malaysian government made several moves to combat crypto-related crime throughout 2024. On June 17, Malaysia’s Inland Revenue Board conducted an operation called “Ops Token,” raiding companies that did not report their crypto trading activities to the federal agency. The police acquired evidence of tax evasion through crypto trading data stored in mobile devices and computers.

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The SC said users who invest in unlicensed entities are not protected by its laws, exposing them to money laundering and fraud risks.

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