On X he handed out a shopping list of what needs to be fixed: tokenise real‑world assets (RWA) – think houses, stocks, bonds, you get the idea – run the markets at all hours, accept stablecoin‑powered payments, let AI go all robo‑banker on us, and push regulation so it can actually keep up with the rest of us.
Australia’s financial regulator, ASIC, issued a warning on Monday about an increase in cryptocurrency scams happening on social media and messaging apps like WhatsApp.
James Wynn, a crypto trader who famously turned a $7,000 investment in Pepe (PEPE) into $25 million before losing nearly $100 million on other trades, now believes the era of profitable meme coins is over. In a post to his followers on X, Wynn stated he’s “pretty sure meme coins are dead” and doesn’t think they’ll recover, explaining that the once-unique opportunity that existed from 2017 to 2024 has become oversaturated and dominated by those seeking to profit from it.
This cryptocurrency has seen a significant increase in value this week, rising over 66%. This makes it one of the best-performing top 50 cryptocurrencies based on its total market value.
AI excels at quickly spotting problems like fraudulent transactions, phishing scams, harmful software, and strange activity in digital wallets – much faster than people can. It can also help users avoid fake websites and risky smart contracts. However, criminals are also using AI to their advantage, crafting realistic phishing emails and fake customer support interactions. They’re using it to automate hacking, create new malware, and run scams on a larger scale than ever before, leaving crypto wallets increasingly vulnerable to AI-powered attacks.
Arkham’s data named the culprit “ESPORTS Dumper.” This whale sold almost 198 million dollars worth of $ESPORTS-over two hundred million bucks-making up 43% of the whole supply. It’s like stealing the majority of the pie at a bake sale and then bragging about the size on the leaderboard.
Key Takeaways (or, as I like to call them, the bits that matter):
New data from Cryptoquant indicates the recent downward trend in cryptocurrency prices might be ending. Selling pressure seems to be easing after a period of financial difficulty for Binance, the world’s biggest crypto exchange.
A memorandum, penned with the ink of diplomacy, promises to end hostilities, reopen the Strait of Hormuz, and unlock the chains of sanctions. How quaint! The world, ever so briefly, exhales. But in this moment of respite, Bitcoin, the enfant terrible of finance, may find itself stripped of its war-painted glory. For when the drums of conflict fall silent, who needs a shield against the unseen? Yet, in the long arc of history, as states quietly drift from the dollar’s embrace, Bitcoin’s tale may yet unfold as a saga of resilience and irony.
Throwback to 8 years ago.
Do you remember $XRP being ahead of $ETH in market cap?