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New joint motion seeks to end appeal and dissolve civil penalty in SEC vs. Ripple lawsuit The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may finally be inching toward a conclusion. A fresh development in the case has stirred significant attention in the crypto world—especially after a former SEC…
ADA Slips 7% as Charles Hoskinson Pushes Bold Treasury Conversion Amid Liquidity Crisis Cardano’s DeFi ecosystem is under scrutiny as co-founder Charles Hoskinson publicly acknowledged a critical flaw dragging the blockchain down: a lack of stablecoin liquidity. In a bold and controversial proposal, Hoskinson suggested converting 140 million ADA from Cardano’s treasury into USDM, the…
Major SOL Liquidation Signals Market Volatility Ahead FTX Alameda’s bankruptcy estate has once again stirred the crypto waters with a strategic move—unstaking 188,000 Solana (SOL) tokens worth approximately $31.5 million. This calculated action is part of a broader effort to convert digital assets into cash to repay creditors, as the estate continues to dismantle its…
Technical Indicators Warn of Further Losses as Meme Coin Market Cap Plunges 10% The memecoin market is reeling as Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE suffer sharp losses following escalating Middle East tensions. The broader crypto market’s risk-off sentiment has triggered a nearly 10% drop in meme coin market capitalization, with technical indicators flashing…
Sui (SUI) has entered a danger zone, slipping below the critical $3 threshold for the second time this month. The altcoin posted a third consecutive day of losses on Friday, mirroring the broader crypto market crash triggered by the escalating conflict between Israel and Iran. With technical indicators pointing to a bearish breakdown and market…
Solana (SOL) slid 10% on Thursday, despite an ambitious announcement from DeFi Development Corporation (DFDV) revealing plans to raise up to $5 billion to fuel further Solana purchases. The steep drop highlights market skepticism, even as the company ramps up efforts to dominate Solana’s ecosystem. DeFi Dev Corp’s $5B Treasury Push DeFi Dev Corp, a…
Cardano is once again under the spotlight—this time not for its technological roadmap, but for what co-founder Charles Hoskinson bluntly called a “stablecoin situation” that’s killing Cardano’s DeFi growth. Hoskinson Sounds the Alarm on Stablecoin Liquidity In a recent post on X (formerly Twitter), Hoskinson voiced concern over the glaring gap in Cardano’s stablecoin market…
Hyperliquid Makes Waves in the Crypto Market Jump Trading’s Chief Investment Officer, Dave Olsen, didn’t mince words at the 2025 Coinbase State of Crypto Summit: “Hyperliquid is turning a lot of heads. They are the first meaningful competitor to Binance.” Once dismissed as another decentralized exchange (DEX), Hyperliquid (HYPE) is now rapidly emerging as a…
The cryptocurrency market took a sharp nosedive on Friday, June 13, as escalating conflict in the Middle East triggered a widespread selloff. News that Israel had launched a major military strike against Iran sent shockwaves across financial markets, with digital assets among the hardest hit. Bitcoin, Ethereum, and Solana Lead the Drop Bitcoin dropped around…
Cardano founder Charles Hoskinson has sparked debate in the crypto community with a proposal to convert 140 million ADA—worth approximately $100 million—into USDM, a stablecoin native to the Cardano blockchain. The aim: to inject liquidity into Cardano’s DeFi ecosystem and catalyze its growth. During a recent AMA session, Hoskinson addressed concerns over Cardano’s lagging stablecoin…