gillidar1

@gillidar1

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The Zeta Markets co-founder also predicted that investors would likely approach new memecoin launches with more caution going forward.

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“Most other memecoins won’t be interesting for traders, and that liquidity will go elsewhere,” Singh said, suggesting that the rest of memecoin capital will likely be distributed to perpetual futures, spot crypto investments and fiat.

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FTX illegally used customer money to fund investments at sister trading firm Alameda Research. When market prices fell, it triggered a liquidity crisis, preventing customers from being able to withdraw funds. The firm then filed for Chapter 11 bankruptcy on Nov. 11, 2022.

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The collapse of FTX is considered one of the biggest financial frauds in US history.

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Metro’s chief operating officer, Erwin Wuysang-Oei, highlighted that the company has always been committed to innovation and providing unique experiences for its customers.

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Bloomberg Intelligence has set the odds of an XRP ETF approval in the US at 65%. Its estimates for Litecoin and Solana ETF approval odds are even higher, at 90% and 70%, respectively.

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Under former President Joe Biden, the federal agency brought upward of 100 lawsuits against crypto firms, alleging various securities law violations. In 2024, the SEC approved spot Bitcoin and Ether ETFs but stymied proposed ETFs tied to other cryptocurrencies.

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In a key moment for the crypto industry’s recovery, FTX’s Bahamas wing will honor the first batch of repayments for users who are owed less than $50,000 worth of claims.

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FTX Digital Markets, the Bahamian unit of the collapsed cryptocurrency exchange FTX, is set to repay the first group of creditors on Feb. 18 in a significant development for the crypto industry following the exchange’s almost $9 billion collapse.

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Among the 50 blockchain platforms, 17 have reached unicorn status, meaning they exceeded a valuation of $1 billion. Of these, 14 exceeded the $1 billion mark in token market capitalization, while the other three did so through private valuation, according to a report shared with Cointelegraph.

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The Switzerland-based blockchain ecosystem, which includes 50 projects, recorded a more than 55% increase in cumulative valuation in 2024.

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Crypto Valley surpassed the $593 billion valuation mark, showcasing the growth trajectory of the European blockchain industry in 2024.

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Cruz said that Texas is known for its “abundant, low-cost energy” and that he intends to ensure the trend of more jobs in Texas continues and accelerates while the state increases its BTC mining activities.

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Proponents of BTC mining, such as US Senator Ted Cruz, in an exclusive interview with Cointelegraph, described Texas as “an oasis for Bitcoin” due to its low cost and business-friendly environment.

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The 313th General Bureau’s Kim Cheol-min is among the sanctioned individuals who allegedly earned a “large amount of foreign currency” by working undercover for United States and Canadian companies before delivering the funds to Pyongyang’s nuclear weapons program.

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The sanctioned agents have allegedly procured funds for North Korea’s nuclear missile development program and the DPRK’s Munitions Industry Department through “overseas foreign currency-earning activities,” according to a Dec. 26 news release by South Korea’s Ministry of Foreign Affairs.

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South Korea is the latest country to impose sanctions against 15 North Korean IT organization members and one related group.

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Hackers like the infamous Lazarus Group are prime suspects in some of the most notorious cyber thefts in Web3, including the $600 million Ronin network hack.

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North Korean hackers are being pursued by governments worldwide that blame them for more than half of the value of cryptocurrency stolen during 2024.

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“Tether is committed to working collaboratively with Brazilian authorities as part of their ongoing regulatory development work to strike a balance that fosters innovation while ensuring robust consumer protection,” Ardoino said, adding:

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