Author: Isabella Taylor

Authorities in the United States have sentenced a man to 97 months in prison for his role in defrauding investors out of more than $40 million via a crypto Ponzi scheme. According to the U.S. Department of Justice, 57-year-old Dwayne Golden was sentenced on June 27 by U.S. District Judge William F. Kuntz II in Brooklyn federal court. Golden had pleaded guilty in September 2024 to conspiracy to commit wire fraud and money laundering. Golden, alongside co-defendants Gregory Aggesen, Marquis Egerton (also known as “Mardy Eger”), and William White, operated three fraudulent digital asset firms—EmpowerCoin, ECoinPlus, and Jet-Coin. Prosecutors said…

OKX has released its 32nd proof-of-reserves report. As of June 14, the total BTC and USDT holdings held in user wallets have plummeted significantly compared to the previous month’s report. On June 30, the crypto trading platform released its 32nd proof-of-reserves report containing the number of assets held within its reserves compared to the number of assets deposited by customers. So far, all of its reserves exceed the 100% ratio. This means that the platform’s reserves for major tokens like BTC (BTC), ETH (ETH), SOL (SOL) and USDT (USDT) has surpassed the number of assets held in customer wallets. The…

Metaplanet Inc., Japan’s leading corporate Bitcoin holder, added another 1,005 BTC to its balance sheet and issued more ordinary bonds. According to its June 30 public disclosure, the company spent ¥15.648 billion, about $108 million, on the latest purchase. It paid an average of 15,569,831 yen, approximately $107,430, per Bitcoin (BTC). This brings Metaplanet’s total holdings to 13,350 BTC, acquired at an average price of 14,331,959 yen, roughly $98,891, per coin.  To fund further accumulation, Metaplanet also announced the issuance of its 19th series of ordinary bonds to EVO FUND. The new bonds, worth 30 billion yen, or $207 million,…

Nobitex exchange, Iran’s largest cryptocurrency platform, has begun restoring wallet access to users following a major exploit that resulted in more than $90 million in losses. The company issued an update on June 29 via X, outlining a phased recovery process starting with verified users. According to the statement, only spot wallets are being unlocked initially, with other wallet types to follow once identity verification is completed. Users are being asked to wait for confirmation before attempting to access their balances, which will be displayed gradually as the security checks proceed. Follow- up on Nobitex Security Incident, Step-by-step wallet access…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum gains steam in 2025, but LILPEPE steals spotlight with Layer-2 tech and 25,000x growth potential. The cryptocurrency outlook for 2025 appears optimistic, especially concerning its growth and technological potential.  With investors already rushing to Ethereum (ETH) along with its fully ramped up ecosystem, now there’s a new contender hogging the limelight: Little Pepe (LILPEPE) token which is turning many heads in analysts and investment circles. Despite having a current price below the 0.0020 mark, LILPEPE is striking waves…

Wormhole, a leading cross-chain communication protocol, is showing strong signs of recovery, surging 45% from its yearly low after a partnership with Ripple Labs boosted investor confidence. With user activity, total value locked, and open interest all climbing, momentum is on Wormhole’s side—but weakening bridge volume and a bearish shift in funding rates pose looming threats to the rally’s staying power. Wormhole (W) rose to $0.076 on Saturday, its highest level since June 11. The token price jumped after the company inked a partnership with Ripple Labs. This integration will enable multi-chain interoperability with XRP Ledger and XRPL EVM Sidechain. …

Bitcoin is flashing strong technical signals, forming both a cup-and-handle and a bullish flag pattern that suggest a potential surge to new all-time highs. Bitcoin (BTC) has been stuck at the significant resistance level of $107,000 for the past three days. It has jumped by nearly 10% from its lowest point this week. What’s fueling the latest rally? U.S. spot Bitcoin ETFs drew $2.2 billion in inflows this week alone—the third consecutive week of net additions. According to SoSoValue data, which represents a substantial increase from the $1.02 billion Wall Street investors accumulated last week. These ETFs have had net…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana rebounds on ETF optimism, XRP eyes breakout, and XYZVerse draws buzz with 25,000% rally potential. Significant shifts are unfolding in the cryptocurrency arena. Solana is climbing after hitting a key support level, with optimism around exchange-traded funds fueling its rise.  At the same time, XRP is poised for a major move that could send its value soaring to new heights. Adding to the excitement, XYZVerse is attracting attention with the potential for massive returns. XYZ presale frenzy heats…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors flock to new memecoin CATZILLA, chasing potential 15,000% gains as hype builds across the crypto market. The crypto market is buzzing with excitement as investors turn their eyes towards a promising new memecoin.  Amidst strong anticipation of a major upswing, many see immense growth potential in this standout project. With whispers of astronomical returns nearing 15,000%, the coin is capturing attention and creating a stir. As seasoned investors reassess their portfolios, the allure of this opportunity is hard…

All eyes are on Sui this week as the Layer-1 blockchain prepares for a major token unlock that could reshape its near-term price action. While Bitcoin (BTC) flirts with a breakout past $107,000 and ETF inflows near $50 billion, Sui (SUI) is drawing heightened scrutiny ahead of its July 1 unlock of 5.22 billion tokens—worth over $154 million, or 1.63% of total supply. This recurring monthly event, scheduled to continue through 2030, has become a significant driver of volatility. Technical indicators point to further downside as SUI trades below its 50-day moving average within a descending channel. With the price…