Trader turns $1K into $750K trading Tron memecoin SunWukong
The anonymous trader’s Sun Wukong holdings surged to $750,000 at its peak, but he hasn’t sold a single token yet.
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All the world’s Bitcoin can only pay 2.43% of $30T US national debt
The United States’ national debt has passed $30 trillion — and even all the Bitcoin (BTC) in the world would hardly touch it.According to the latest official statistics, U.S. national debt is at levels never seen before, passing the psychological $30-trillion barrier for the first time this week.Bitcoin is worth less than 3% of U.S.…

Crypto lender Abra has been insolvent since March, says Texas regulator
Crypto lending firm Abra, which once handled more than $116 million in assets, had allegedly committed securities fraud and has been insolvent since March 31, according to Texas regulators.In a June 15 enforcement action — including an emergency cease and desist order — the Texas State Securities Board accused Abra and its founder William Barhydt of committing…

US gov’t Bitcoin sale ‘doesn’t affect anything’ as analyst blames bears
Governments divesting themselves of their BTC is a non-event, but Bitcoin bears make sure that the market feels the heat regardless, analysis says.

Senate Virtual Currency Tax Fairness companion bill drops purchase exclusion to $50
After being seen in the House a few times, a bipartisan bill is introduced into the Senate with a drastically reduced exclusion for purchases made with cryptocurrency. 127 Total views 3 Total shares The Virtual Currency Tax Fairness Act of 2022 was introduced into the United States Senate on Tuesday by the bipartisan team of…

Fed Up With AI Mistakes? Blockchain Startup Follows ‘Wikipedia Model’ to Make It Better
Artificial intelligence (AI) is advancing by leaps and bounds, with exciting new applications launching every day.But a blockchain-based startup believes the transition from an “information economy” to an “intelligence economy” will prove a bumpy ride for many people. Large corporations have built most of the common AI systems that many people use today. CEN says…

ICHI launches ‘Decentralized Monetary Authority’ for stablecoin issuance
The ICHI ecosystem has attracted several high-profile partners, including Solana, Moonbeam, SushiSwap, 1inch Network, Loopring and Bancor. 2334 Total views 7 Total shares Stablecoin issuing platform ICHI has launched a Decentralized Monetary Authority, or DMA, that enables cryptocurrency networks to more easily mint their own stablecoins securely. By utilizing ICHI’s DMA, cryptocurrency communities can create and…

Bitcoin hits $100K: Why BTC price hit a new all-time high
Bitcoin has set a new all-time high of $104,000 on Coinbase, setting the cryptocurrency loose into price discovery — so where is it heading next?

US SEC Halts TON Launch Over $1.7B ICO — Highest-Level Action Yet?
Late friday, the United States Securities and Exchange Commission (SEC) announced that it is suing two offshore entities, Telegram and its wholly owned subsidiary, TON Issuer, for holding an unregistered token sale.According to the complaint filed in the federal district court in Manhattan on the same day, Telegram sold approximately 2.9 billion crypto tokens, called…