Tag: CRYPTO
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Programmer Burns $1.65M, Accuses Hedge Fund of Mind Control
A self-identified Chinese programmer has ignited controversy by burning 603 ETH (approximately $1.65 million) and donating 1,950 ETH (around $5.35 million) in a series of high-profile blockchain transactions. These actions were accompanied by on-chain messages accusing top executives at a Chinese hedge fund of using so-called “brain-computer weapons.” The individual, Hu Lezhi, specifically named Feng…
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FTX’s Massive Solana Sale: What It Means for Crypto Investors
The collapse of FTX left a financial void, but its estate has been actively liquidating assets to repay creditors. One of its major moves was the sale of 41 million locked Solana (SOL) tokens through three separate auctions. While this sale helped recover funds, it also raised concerns about the potential impact on the Solana…
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Crypto Market Takes a $590 Billion Hit – What’s Driving the Plunge?
The cryptocurrency market has taken a significant hit, with total market capitalization plunging from $3.62 trillion to $3.03 trillion—a staggering $590 billion wiped out in a short span. This drop underscores the volatility inherent in the crypto space, with a mix of macroeconomic trends, regulatory pressures, and investor sentiment playing a role in the downturn.…
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Ross Ulbricht’s Pardon and Trump’s Economic Strategy: Speculations Rise Over Silk Road Seizures and Reserve Plan
On January 23, 2025, Senator Cynthia Lummis hinted at major developments with her cryptic tweet, “Big things are coming 👀,” followed shortly by, “Stay tuned for 10 A.M.” This announcement coincides with heightened speculation about the potential pardoning of Ross Ulbricht, the Silk Road founder, and its ties to the U.S. government’s financial maneuvers. With…
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Can Bitcoin Solve the U.S. National Debt Crisis?
President Donald Trump recently proposed using Bitcoin to tackle the United States’ monumental $35 trillion national debt. While this suggestion has sparked excitement among cryptocurrency advocates, it has also raised serious questions about its feasibility and potential implications. Could Bitcoin be a viable solution, or is this merely an innovative but impractical idea? The Case…