President Trump's Solana Meme Coin Just Skyrocketed—Here's Why

KuCoin's European arm faces a ban on new business due to missing key compliance staff, violating the terms of its MiCA permit. The Financial Markets Authority (FMA) in Austria imposed the freeze until the necessary roles are filled for AML and terrorist financing prevention.

The number of bitcoins held in wallets linked to Binance has increased to 676,834.84 BTC ($44.53 billion), reaching a level last seen in November 2024. Rising balances indicate potential selling or using coins for trading, leading to price volatility.

A $61.5 million leveraged bullish bet on Bitcoin was liquidated by HTX, the largest single liquidation in 24 hours. The market saw a total of $467.64 million in liquidations across 137,422 traders, with long positions accounting for 93% of the total.

A recent report from CryptoQuant reveals a decrease in Bitcoin deposits on exchanges, reducing selling pressure on the asset. Despite the decline in inflows, large investors continue to dominate the exchange deposits, indicating ongoing selling activity by whales.

A crypto trader lost hundreds of thousands of dollars in a Uniswap phishing ad on Google, prompting warnings from DefiLlama and Uniswap's founder. Scammers use fake websites to trick users into approving malicious transactions, draining their assets.

The Dubai Land Department (DLD) and Ctrl Alt introduced a secondary market for real estate-backed tokens, allowing trading of $5 million in fractional property ownership. Transactions will occur on a regulated platform, recorded on the XRP Ledger blockchain, and secured by Ripple Custody.

Bitcoin's price rose 1% to $67,271 after the Supreme Court ruled against Trump's tariffs, citing an overreach of his authority. The decision, based on the International Emergency Economic Powers Act, marked a significant shift in tariff policy. Trump's tariff actions have caused global market disruptions and fluctuations in Bitcoin's value.

Ethereum's Hegota upgrade, featuring FOCIL, aims to enhance censorship resistance by obligating validators to include all transactions, even those from sanctioned addresses. Proponents argue that this change is crucial for maintaining decentralization and preventing censorship by powerful entities.

The Punch token, inspired by a macaque monkey named Punch and his attachment to an Ikea plushie, has gained significant attention and a 12,777% price increase. The meme coin's trading volume has surged to $46 million, sparking discussions about market manipulation.

Bitcoin has dropped nearly 50% from its October 2025 high due to loss of confidence in AI trade, geopolitical tensions, and macro uncertainty. Bitwise CIO Matt Hougan predicts more pain ahead, suggesting investors hold tight for the bottom.