Mercado Libre Pulls the Plug on Its Ethereum-Based Token

A trader missed out on a $36 million profit by selling his portion of the Solana meme coin TROLL last summer, which has since skyrocketed to $158 million in market capitalization. The coin experienced significant fluctuations, reaching a peak of $166 million in July.

Altcoin interest is increasing, with anticipation for a profitable altseason where capital flows from Bitcoin to other cryptocurrencies like Solana and XRP. Despite rising online interest, analysts believe the altcoin market lacks sustained capital rotation for significant breakouts.

Ponke, the 69th largest meme coin, is launching a plush toy with interactive elements and an NFC chip for rewards and proof of ownership. The toy, priced at $69, will be available for sale on the 223 site with limited supply.

MEXC Ventures has made a strategic equity investment in licensed Indonesian crypto exchange Triv, valuing it at $200 million. The investment reflects MEXC's focus on Southeast Asia and support for compliant local champions in the growing institutional crypto market.

SharpLink Gaming, a Nasdaq-listed company, purchased $264.5 million worth of Ethereum last week, increasing its holdings to 521,939 ETH valued at nearly $1.9 billion. The company's stock has surged by over 420% since May, reaching almost $19 per share.

An executive order, expected to be signed by President Donald Trump, aims to protect cryptocurrency companies and conservative organizations from alleged discriminatory banking practices. The order would address violations of equal credit laws and antitrust statutes, with potential penalties for banks found in violation.

U.S. stocks rebounded, with the Nasdaq and Russel 2000 indexes rising, while Bitcoin saw a slight increase. Analysts are cautious due to macroeconomic uncertainty and signs of excess in markets, fueled by a potential Federal Reserve pivot.

Public feedback is being sought by the CFTC to potentially allow federally regulated futures exchanges to facilitate spot crypto trading, with Acting Chair Caroline Pham leading the initiative. Pham aims to leverage existing CFTC frameworks to regulate spot crypto markets within 12-18 months.

North Korean hacking groups are using job lures to infiltrate cloud systems and steal millions in cryptocurrencies. Google Cloud and Wiz research reveal UNC4899's sophisticated tactics, including posing as recruiters or journalists to build rapport with targets and using AI for convincing emails and malicious scripts.

BitMine Immersion, backed by Peter Thiel, holds over $3 billion in Ethereum, becoming the largest corporate ETH treasury. The company acquired 833,137 ETH at an average price of $3,491.86 per coin, ranking as the third largest public crypto treasury globally.