The first US exchange-traded fund (ETF) to hold an asset with no utility, the Rex-Osprey Doge ETF (DOJE), is scheduled to begin trading on Thursday, signaling a new era for institutional investment in speculative digital assets. Unlike most crypto ETFs that use the Securities Act of 1933, this fund isContinue Reading
California Governor Gavin Newsom announced plans to launch a “Trump Corruption Coin” memecoin as part of his Campaign for Democracy. The coin launch aims to highlight what Newsom calls the “absurdity” of Trump’s controversial cryptocurrency dealings and potential conflicts of interest. Trump transformed from crypto skeptic to supporter during hisContinue Reading
Memecoin launchpad Pump.fun has spent over US$65 million to buy back its native PUMP token, using revenue generated from memecoin fees in an effort to curb selling pressure and stabilise its price. The buyback strategy appears to be working, as PUMP is up over 30% in the last month, despiteContinue Reading
Crypto analytics firm Bubblemaps has reported that Hayden Davis, the ‘facilitator’ behind LIBRA and MELANIA, sniped the launch of Kanye West’s YZY token, netting a profit of US$12 million. Bubblemaps’ analysis of accounts linked to Davis in the days leading up to the YZY launch suggests he possibly had someContinue Reading
