Friday, June 26

Crypto

Iggy Azalea Hit With Lawsuit Over Memecoin

Rapper Iggy Azalea is facing a class-action lawsuit in the US, accusing her of misleading investors about the real-world utility and future development of her Solana-based memecoin Mother Iggy (MOTHER).The complaint filed by plaintiff Kenneth Kolbrak in a Manhattan federal…

Kelp Migrating rsETH to Chainlink, Blames LayerZero

DeFi protocol Kelp DAO said it will be migrating its restaking token, rsETH, to the Chainlink oracle platform after the $292 million exploit in April, as it continued to blame the attack on LayerZero’s cross-chain infrastructure.Hackers stole 116,500 Kelp DAO…

Saylor says Strategy may Sell Bitcoin to Inoculate Market

Strategy executive chairman Michael Saylor said his firm could sell Bitcoin to “inoculate” the market against sudden panic or to reinforce confidence in the company, in contrast to its long-standing “never sell” Bitcoin strategy.“We’ll probably sell some Bitcoin to fund…

Bitcoin Rallies Higher Even As Derivatives Lack Conviction

Key takeaways:While Bitcoin onchain activity and derivatives show a lack of participation from traders, record spot ETF inflows point to strong institutional demand.The absence of leveraged longs may actually fuel further upside as sellers are forced to buy back if…

Forward Industries, RockawayX Invest in OnRe Reinsurance

Forward Industries and crypto investment company RockawayX have co-led a strategic investment in OnRe, a startup building reinsurance infrastructure on the Solana blockchain, in a move aimed at bringing traditional risk-transfer markets onto decentralized rails.The companies said Tuesday they co-led…

Crypto PAC spends 0K in support of Indiana candidate ahead of primary

Defend American Jobs, the cryptocurrency-backed political action committee (PAC) affiliated with Fairshake, reported spending more than $500,000 on media to support a Republican incumbent representative in Indiana.According to a Saturday filing with the US Federal Election Commission (FEC), the Defend…

Crypto Fear and Greed Turns Neutral As Bitcoin Holds K

The Crypto Fear and Greed Index hit 50 on Tuesday, measuring “neutral” for the first time since Jan. 17. This shift ended a 108-day stretch dominated by negative sentiment. The index gauges market sentiment using volatility, momentum, trading volume, and…

Tennessee Bankers Association Taps Stablecore for Crypto infrastructure

The Tennessee Bankers Association (TBA), a trade group representing the state’s commercial banks, has selected Stablecore as a preferred technology provider for digital asset services, highlighting growing interest among regional lenders in crypto infrastructure.In a Tuesday announcement, the TBA said…

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