Crypto News
DOGE, PEPE, PUMP Bleed As Pump.fun Confirms No Airdrop ‘In Immediate Future’
Meme coins are down bad after token launchpad Pump.fun said that it won’t be issuing an airdrop in the “immediate future.”Source link
Economist Jeffrey Sachs: China’s Retaliation Might Stop the US Economy
Jeffrey Sachs warned that the Trump administration’s potential future secondary sanctions on China’s trade relations with Russia could lead to a catastrophe for the U.S. economy. Sachs believes that the world would turn its back on America if this were to occur. Jeffrey Sachs Warns Against Enacting Secondary Trade Sanctions Against China Trade dynamics betweenSource link
Altcoin Season Hope Dim as Traders Unwind Bullish Bets: Crypto Daybook Americas
By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin's (BTC) consolidation continues to take the wind out of the bull run in the broader market that had raised hopes for the so-called alt season marked by prolonged outperformance of alternative cryptocurrencies.Over the past 24 hours, major altcoins have experienced a significant decline, led by a double-digit drop in the payments-focused XRP and an 8% slide in SOL. The CoinDesk 80 Index, which tracks the performance of altcoins, has dropped over 7% while the CoinDesk 20 Index, which is dominated by bitcoin and ether, has declined by 4%."The crypto market took a nosedive, losing almost 4% of its market cap over the last 24 hours. Without bitcoin's growth, altcoins, which had...
Hong Kong Monetary Authority CEO Calls for Caution in Stablecoin Development Amid Hype
Eddie Yue, CEO of the Hong Kong Monetary Authority (HKMA), addressed the need for a cautious approach to the development of stablecoins in Hong Kong, emphasizing the importance of avoiding excessive hype surrounding these emerging financial instruments. In his remarks, Yue highlighted concerns about the gap between theoretical discussions and practical applications, noting that manySource link
Ghana Plans Crypto Firm Licensing in Response to Growing Demand: Bloomberg
Ghana is set to begin licensing cryptocurrency platforms in response to a surge in demand for digital assets in the West African country, Bloomberg reported on Thursday.The country's central bank is finalizing a regulatory approval to submit to parliament by September, according to the report, citing an interview with Bank of Ghana Governor Johnson Asiama.The hope is that regulating the crypto sector will help the Ghana capture revenue and better control its fiat currency. The cedi has grown over 40% against the U.S. dollar in 2025, helping it recover from a loss of nearly 20% last year. This volatility has made it difficult for the central bank to manage inflation.The use of cryptocurrency can exacerbate this problem as many agents...