Crypto News

Pepe (PEPE) PEPE, one of the most prominent meme coins, is struggling to hold investor interest, falling 4.7% over the past 24 hours to $0.000009499, according to CoinDesk Research's technical analysis model. The token's sharp decline marks a continuation of its recent downtrend, which has been marked by intense volatility and heavy intraday selling.Once a retail darling with viral momentum and even a brief nod from Elon Musk back on April 9, PEPE has since slipped in market influence as attention shifts back to Bitcoin. Musk had briefly adopted a PEPE-themed profile picture that day, a move that sent waves through the meme coin space. Still, the hype has largely faded.This downturn is part of a broader shift across crypto...

The Internal Revenue Service (IRS) has significantly increased the number of warning letters sent to crypto investors, causing anxiety among users. This uptick is seen as a precursor to a broader enforcement initiative, especially with new 1099-DA regulations set to take effect next year. Looming Enforcement Wave Warning letters sent to crypto investors by theSource link

Australia’s Securities and Investment Commission (ASIC) has turned to three of the country’s most seasoned finance figures to probe the inner workings of the Australian Securities Exchange, including the exchange's doomed blockchain project.ASIC launched the inquiry on June 16 over “ongoing concerns” it and the Reserve Bank of Australia expressed about the exchange’s ability to run stable and secure market plumbing.Those concerns intensified when ASX scrapped a blockchain-based upgrade to its CHESS settlement engine in 2022, forcing a costly reset and drawing political heat. ASIC later sued ASX over making misleading statements on the project.Rob Whitfield, a former Westpac chief risk officer and now a Commonwealth Bank director, will chair ASIC's panel. Joining him are Christine Holman, who sits on...

Metaplanet (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company based in Japan, has announced the acquisition of an additional 1,234 bitcoin as part of its ongoing Bitcoin Treasury Operations, bringing its total holdings to 12,345 BTC. The latest purchase was made at an average price of 15,617,281 yen per bitcoin,Source link

Coinbase has introduced cardano's ADA ADA and litecoin LTC on its Ethereum layer-2 network Base via cbADA and cbLTC.These assets are fully backed by ADA and LTC locked in Coinbase custody, minted and burned on demand at a one-to-one ratio, with regular proof-of-reserves to back up the claims. Data shows over 11,300 wrapped LTC and 2.9 million wrapped ADA have already been minted on Base and are actively circulating.Coinbase has previously issued versions of bitcoin BTC, ether ETH, XRP XRP, and dogecoin (DOGE on Base, creating one of the most comprehensive cross-chain ecosystems in layer 2.Wrapped tokens solve the interoperability puzzle. ADA and LTC are native to other blockchains and cannot be directly used on Ethereum or dependent layer 2s,...