Jupiter Set to Launch WEN Solana Meme Coin on Friday

Decrypt LogoDecrypt

Solana DeFi aggregator Jupiter will launch the WEN token on Friday via its launchpad. The token will be distributed equally across eligible Solana wallets and will trade like normal Solana tokens. The launch is a test run for Jupiter's upcoming JUP token drop.

LATEST NEWS

Investor Bo Shen Offers Bounty in Recovering $42 Million in Stolen Crypto Assets

Decrypt LogoDecrypt

Bo Shen, founder of Fenbushi, offers a 10-20% bounty for help recovering $42 million in stolen Bitcoin, Ethereum, and stablecoins. The theft occurred in 2022, with $1.2 million frozen so far, aided by on-chain analysts Taylor Monahan and ZachXBT.


OKX Prioritizing Shareholder Value, Long-Term Returns Over Rushing Into the US Public Markets

Coindesk LogoCoindesk

OKX, a global crypto exchange, is cautious about entering the U.S. public markets despite recent strategic investments and growth. The company aims to prioritize shareholder value and long-term returns before considering an IPO.


Ripple Enhances XRP Ledger Security With AI Tools

Decrypt LogoDecrypt

Ripple has introduced an AI-driven security upgrade for the XRP Ledger, with a red team uncovering over 10 bugs. The company will prioritize security by focusing on bug fixes and requiring multiple security audits for protocol changes.


Retail Investors Show Growing Interest in Bitcoin Giant Strategy's STRC Preferred Share Over MSTR

Decrypt LogoDecrypt

Retail investors are increasingly favoring Strategy's preferred share over common stock, with individuals holding 80% of STRC shares compared to 40% of MSTR shares, CEO Phong Le said Thursday. This shift reflects a preference for low-volatility, high-yield digital credit among retail investors.


UK Government Sanctions Xinbi for Aiding Scam Centers With Crypto Services in Southeast Asia

Decrypt LogoDecrypt

Xinbi, a major illicit marketplace in Southeast Asia, has been sanctioned by the UK government for providing cryptocurrency services to scam centers. The sanctions aim to cut off Xinbi from the legitimate crypto ecosystem, affecting its ability to conduct transactions.


Brazilian Law Now Permits Seizing Digital Assets From Criminals to Fight Organized Crime

Decrypt LogoDecrypt

The recently passed "Anti-Gang Law" in Brazil allows authorities to seize digital assets from criminals to combat organized crime effectively. The law enables judges to order precautionary measures like freezing of digital assets in cases of serious crimes.


Coinbase Challenges UK Political Crypto Donation Ban, Citing Transparency and Foreign Influence Concerns

DL News LogoDL News

Coinbase criticizes the UK government's ban on crypto donations, stating it fails to address legitimate concerns about the identity and source of funds. The ban is aimed at preventing foreign interference in UK politics and is viewed as a setback for Reform UK.


Tether's XAUT Token Backed by Physical Gold Now Available on BNB Chain

Decrypt LogoDecrypt

Tether has launched its gold-backed token XAUT on BNB Chain, connecting the ecosystem to the largest gold-backed token with a $2.5 billion market cap. Each XAUT token represents one fine troy ounce of physical gold held in Swiss vaults.


MARA Holdings Sells Bitcoin to Reduce Debt and Improve Financial Standing

Decrypt LogoDecrypt

MARA Holdings sold 15,000 Bitcoin for $1.1 billion to repurchase convertible debt, leaving them with 38,700 BTC. The move saved $88 million and reduced shareholder dilution, boosting stock price by 9%.


Citi Analysts Foresee Potential Setbacks for Circle Due to Proposed Stablecoin Reward Limits

Coindesk LogoCoindesk

Citi analysts believe the proposed limits on stablecoin rewards in the U.S. market legislation draft could impact Circle's scaling but not its investment case. The draft bill allows limited rewards programs not resembling bank deposit interest, potentially affecting USDC circulation and liquidity temporarily.