By Emir Abyazov A class action lawsuit filed in federal court for the Southern District of New York accuses the memecoin platform Pump.fun of operating a fraudulent “slot machine” scheme that allegedly defrauded users of $5.5 billion. These allegations have placed Pump.fun at the center of a wide-reaching federal fraud investigation. A class action lawsuit […]
Tag: ETH
By Emir Abyazov Tether is developing a new U.S. strategy and plans to launch an institutional stablecoin specifically for corporate clients, according to CEO Paolo Ardoino. Ardoino said in an interview with Bloomberg Television that the company’s entry into the U.S. market is already well underway. New stablecoin for institutions “We are actively working on […]
By Ethan When Algorithms Meet Whale Moves Ethereum’s spectacular 50% climb transformed into an equally dramatic 6.5% retreat, following textbook market dynamics that usually serve as healthy corrections. Technical indicators flashed warning signals as the Relative Strength Index approached overbought territory, funding rates skewed negative, and traders began hunting long positions for liquidation opportunities. These […]