In an eventful day for the cryptocurrency world, several major developments unfolded. Allegations of insider trading have surfaced regarding a Solana-based memecoin
Major developments are unfolding in the cryptocurrency world on Friday.
Allegations of insider trading are being investigated in connection with a Solana-based memecoin that is linked to Donald Trump. The Official Trump (TRUMP) memecoin has seen its market cap reach $42 billion, attracting a wave of retail investors.
Onchain analytics firm Bubblemaps has flagged suspicious activity from a wallet that purchased and sold large amounts of TRUMP tokens soon after its launch. Given that a significant portion of the token's supply is held by CIC Digital, which is linked to the Donald Trump Revocable Trust, there are concerns about potential market manipulation.
In another development, the United States Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, the company behind the Helium Network. The SEC alleges that Nova Labs sold unregistered securities through their Helium (HNT) cryptocurrency mining devices and made false claims about partnerships with major corporations.
This legal action comes ahead of the impending departure of the SEC's chair, Gary Gensler.
Vitalik Buterin, the co-founder of Ethereum, has also announced major leadership changes within the Ethereum Foundation. Buterin highlighted the foundation's continuing focus on decentralization, technical expertise, and communication within the Ethereum ecosystem. These changes are designed to refine the foundation's structure following a challenging year for the organization.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
