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Approximately 40 million Trump meme coins, valued at around $320 million, are set to unlock starting today. These tokens, owned by affiliates of the Trump Organization, are likely to be sold quickly, sparking fears of a price drop due to dilution. Experts anticipate a rapid price decline to $6 or $7, potentially dropping to $3 by the end of May.
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The New York Attorney General has reached a $200 million settlement with Galaxy Digital concerning its role in promoting the LUNA cryptocurrency prior to its collapse in 2022. Galaxy Digital will pay the settlement over three years without admitting or denying the allegations.
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