Biweekly Crypto News Roundup: Legal Battles, Market Volatility, and Strategic Moves
By: Eva Baxter
- Solana-Based Pump.fun Faces Legal Challenges - The Solana-focused platform is navigating a federal class action lawsuit alleging a $500 million unregistered securities scheme.
- Cryptocurrency Market Bounces Back - Tariff suspension on Canada and Mexico fuels recovery with significant gains in key currencies like Ethereum and Solana.
- Massive Crypto Liquidation Triggered by New Tariffs - Trump's trade tariffs lead to a $2 billion crypto market dip, affecting Bitcoin significantly.
- Bitcoin and XRP Recovery Amid Volatility - Despite economic concerns, these cryptocurrencies lead a market rebound, with exchanges showing renewed inflows.
- Massive Digital Asset Transfer to Coinbase Prime - World Liberty Financial shifts over $307 million in assets, prompting industry speculation.
- Ethereum's Dramatic Price Drop - A wave of liquidations impacts Ethereum, shedding over 18% of its value in a short span.
- SEC and Binance Legal Case Pauses - Proceedings are halted as new regulatory developments in the crypto industry unfold.
- MicroStrategy Rebrands to Emphasize Bitcoin - The company focuses on Bitcoin, repositioning itself as a Bitcoin Treasury Company.
- Tether's Strategic Stake in Juventus - Tether expands into sports by acquiring a stake in the football club Juventus, pushing blockchain integration.
- Operation Choke Point 2.0’s Spotlight on Crypto - Upcoming Congressional hearings will explore the Biden administration's regulatory impact on crypto.
