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໓໐tΞԵɧ 🎭 Ⓜ️ ♾️

@0xdoteth

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Treasury Sanctions Crypto Scam Ring Tied to China and Philippines—FBI Seeks Victims A sweeping U.S. crackdown has exposed a massive crypto scam network based in the Philippines and linked to China, with Funnull fueling $200 million in fake investment fraud. Treasury Targets China-Backed Philippine Crypto Scam—FBI Wants Victim Info The U.S. Department of the Treasury took decisive action on May 29 by sanctioning Funnull Technology Inc., a Philippines-based company accused of operating at the heart of a vast online fraud network. In parallel, the Federal Bureau of Investigation (FBI) issued a public appeal to identify victims of these cryptocurrency scams, citing Funnull’s critical role in powering fraudulent infrastructure. The Treasury stated that Funnull “provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams, commonly known as ‘pig butchering.’”
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Vance: Bitcoin needs political support to stay protected U.S. Vice President J.D. Vance emphasized Bitcoin’s strategic role in U.S. policy and warned the crypto community to stay politically engaged or risk being ignored. Speaking at the Bitcoin 2025 conference in Las Vegas, Vice President J.D. Vance urged the crypto community to continue its political momentum from 2024, warning that transformational technologies like Bitcoin won’t be immune from policy decisions. “Unless you guys get involved in politics, politics is going to ignore this industry,” Vance said. “What happens in the world of bureaucracy will affect even the most valuable technologies.” He credited the community’s growing activism with influencing national direction and encouraged attendees to “carry it forward to 2026 and beyond.”
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Cardanos Ecosystem Growth Challenged by Lightchain AIs Rapid Expansion Lightchain AI is rapidly emerging as a strong competitor to Cardano, having raised over $19.6 million in its presale at a token price of $0.007125. While Cardano has maintained a steady growth trajectory, Lightchain AI's clear roadmap, strong community support, and high-growth potential are attracting significant investor interest. Its expansion is outpacing legacy networks, focusing on ultra-low latency and a structured development plan that includes prototype development, testnet rollout, and mainnet launch. The innovative Artificial Intelligence Virtual Machine (AIVM) enhances the platform's capabilities, while deflationary tokenomics add long-term value for investors. With ambitious global adoption plans, Lightchain AI is reshaping the future of the blockchain landscape.
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XRP’s Momentum Builds — MAGACOIN FINANCE and Cardano May Offer Higher Returns The crypto market is experiencing renewed activity, particularly with XRP gaining traction due to positive technicals and regulatory clarity. While XRP is currently trading near $2.45, savvy investors are eyeing MAGACOIN FINANCE and Cardano for potential higher returns. It has raised over $8 million in its presale, with a target listing price of $0.007 and projections of returns from 35x to 50x by year-end. The project, backed by audited contracts and a strong narrative, recently saw a significant investment of over $133,000 by a whale, highlighting its breakout potential. In comparison, Cardano is showing steady growth, with analysts predicting a rise toward $0.90 in the near term and $1.88 by year-end. Its solid fundamentals and ecosystem developments provide a stable investment option. Meanwhile, Ethereum remains a key player, trading between $2,400 and $2,900, with analysts projecting growth alongside ongoing upgrades.
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Speculation Fueled Pi Network’s Recent Rally An onchain analyst and critic known as Atlas on X has labeled Pi Network as 2025’s biggest rug pull after an anonymous token holder dumped 12 million tokens in a few hours, which crashed the price by 50%. The analyst said the dump occurred just days after Pi rallied to $1.60 “on pure speculation and hope.” In a May 19 post on X, Atlas claimed that while users were being teased with a new upgrade, Pi Network insiders were making their move. To support his rug claim, which he has been making since late February, Atlas referenced a probe by Dr. Picoin, whose findings allegedly linked the token dump to the Pi Network core team. As previously reported by Bitcoin.com News, Pi’s rally in early May briefly pushed the token into the top 20 digital assets by market capitalization. At the time, its surge was attributed to rumors of a possible Binance listing and a major announcement set for May 14.
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Ethereum sees $205M inflows after Pectra upgrade sparks investor confidence Ethereum (ETH) is regaining its market leadership, pulling in $205 million in inflows last week, its highest weekly total in 2025. This shift indicates a renewed institutional interest, suggesting that Ethereum's strategic roadmap is resonating with investors. Key developments include the successful Pectra upgrade, which enhanced network efficiency and reliability, and the appointment of Tomasz Stańczak as co-executive director, generating excitement within the community. While Bitcoin attracted $557 million in inflows, Ethereum's recent $205 million marks a significant recovery, signaling a shift in institutional sentiment. The capital flowing into ETH reflects strategic, long-term positioning rather than short-term speculation, potentially laying the groundwork for a market resurgence for Ethereum as it moves beyond its previous focus on Bitcoin ETFs and macro plays in early 2025.
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