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bitcoinist.com Bitcoin OG Whale Deposits 5,252 BTC And Doubles Down With a 2,100 BTC Short

Bitcoin is struggling to reclaim higher levels as selling pressure intensifies and fear continues to dominate market sentiment. After weeks of volatile price action, the market’s recovery attempts are being met with heavy resistance, with BTC still trading below key psychological levels. According to data from Lookonchain, the well-known trader known as the BitcoinOG (1011short) […]

blockonomi.com Melania Trump and Javier Milei ‘Unwitting Faces’ of $57M Meme Coin Fraud, Suit Says

TLDR: Founders allegedly used one-sided liquidity pools to extract around $107 M from the LIBRA token launch. The complaint states that over 760 M LIBRA tokens (76% of supply) were transferred by insiders shortly after minting. The court ordered freeze of approx. $110 M in LIBRA proceeds and ~$57.65 M USDC in specific wallets. Plaintiffs claim founder Benjamin Chow orchestrated [...] The post Melania Trump and Javier Milei ‘Unwitting Faces’ of $57M Meme Coin Fraud, Suit Says appeared first on Blockonomi.

news.bitcoin.com Argentum AI Founder: Skyrocketing AI Compute Costs Drive Demand for Decentralized Alternatives

The rapid growth of the AI industry has created a crisis characterized by rising compute costs. Andrew Sobko proposes radical decentralization as the key to overcoming this challenge. The Walled Garden Problem: Why Startups Pay Too Much The explosive growth of the artificial intelligence (AI) industry has created a systemic crisis: skyrocketing compute prices and […]

blockonomi.com Hyperliquid Moves to Raise $1B in Stock Offering, Targets HYPE Token Buys

TLDR: Hyperliquid filed an S-1 with the SEC for a $1B stock offering through a Chardan Capital equity facility. The firm plans to sell up to 160 million shares under the agreement, pending market conditions. Funds raised could go toward corporate activities and potential HYPE Token purchases after merger closure. The company aims to list [...] The post Hyperliquid Moves to Raise $1B in Stock Offering, Targets HYPE Token Buys appeared first on Blockonomi.

bitcoinist.com Senate Democrats Question Trump’s Special Envoy About Crypto Holdings In New Letter

In a recent letter, multiple Senate Democrats have raised concerns about a potential breach of federal ethics laws due to the US Special Envoy to the Middle East’s failure to divest from his crypto asset holdings. Related Reading: Crypto ‘No Longer In The Fringes’: Federal Reserve Governor Declares Start Of New Era US Senators Question […]