‍Slerf Meme Coin Completes $10 Million SOL Refund After Accidental Burn The Solana-based meme coin Slerf has successfully refunded over $10 million in SOL to investors, nearly 19 months after a developer accidentally burned the funds. The pseudonymous developer, Grumpy,’s candid admission of the error on X resonated with the community. Despite the initial blunder, the Slerf token saw its market cap soar to $740 million, driven by community support and transparency. Funds for the refunds were raised through donations and trading fees. Yesterday, 53,359.62 SOL (valued at $10.3 million) were distributed to 25,444 wallets, demonstrating unprecedented accountability in the crypto space.
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From
In a story that has become legendary within the crypto community, the Solana-based meme coin Slerf has finally completed a monumental task: refundi...
‍Fetch.ai CEO Offers $250K Bounty Amidst Ocean Protocol Token Dispute Fetch.ai CEO Humayun Sheikh has announced a $250,000 bounty for information regarding the signatories of OceanDAO's multisignature wallet. This follows allegations that Ocean Protocol misappropriated millions in OCEAN tokens, converting them into approximately 286 million FET tokens (valued at ~$120M), allegedly without disclosure during the ASI Alliance merger. On-chain data from Bubblemaps suggests a multisig wallet linked to Ocean Protocol transferred 661 million OCEAN to 286 million FET, with significant amounts directed to Binance and GSR Markets before Ocean's withdrawal from the ASI Alliance. Ocean Protocol denies the claims. The dispute has impacted the market, with FET tokens seeing a 9% drop. Binance has ceased OCEAN deposits. Sheikh has threatened class-action lawsuits, while Ocean Protocol prepares its response.
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Crypto Showdown: Fetch.ai CEO Offers $250K Bounty Over Ocean Protocol
A high-stakes dispute has erupted within the cryptocurrency space, pitting Fetch. ai CEO Humayun Sheikh against the Ocean Protocol Foundation....
‍Ethereum's Fusaka Upgrade Enters Final Testing Phase Ethereum is nearing the mainnet rollout of its Fusaka upgrade on December 3rd. This update introduces a per-transaction gas cap of 16.78 million units to ensure fairer block composition and prevent denial-of-service risks. The upgrade also increases the block gas limit to 60 million and implements Peer Data Availability Sampling (PeerDAS), which allows nodes to store only portions of Layer 2 data, significantly reducing hardware demands and paving the way for cheaper, higher-throughput scaling for L2 networks. These changes are part of Ethereum's move towards parallel execution.
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Ethereum
Ethereum is on the cusp of a significant leap forward, entering the final testnet phase for its Fusaka upgrade....
‍Citi Initiates "Buy" Rating for MicroStrategy (MSTR), Citing Bitcoin Correlation Investment bank Citi has issued a "buy" rating for MicroStrategy (MSTR) stock with a price target of $485, viewing it as a key indicator for Bitcoin's potential price movements. This outlook is contingent on Bitcoin reaching Citi's 12-month price target of $181,000. Citi notes MSTR's Net Asset Value (NAV) premium could be 25%-35%, aligning with its historical Bitcoin yield multiple. However, Citi warns MSTR is a "leveraged proxy for Bitcoin," meaning its value is highly sensitive to BTC price fluctuations, posing significant risk. MicroStrategy holds 640,418 BTC.
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Citi Gives MicroStrategy a "Buy" Rating: A Bitcoin Bellwether with a Warning
Investment bank Citi has issued a "buy" rating for MicroStrategy (MSTR) stock, setting an ambitious price target of $485....
‍Kadena Organization Ceases Operations, KDA Token Suffers Steep Decline The Kadena organization has announced the immediate cessation of its business operations, impacting its native KDA token. The KDA price has fallen by over 47%, now trading around $0.121, more than 99% below its 2021 all-time high. While the decentralized Kadena blockchain is expected to remain operational, its future maintenance and development are uncertain without the core organization. The community now faces the challenge of sustaining the network. This event highlights the significant risks associated with the cryptocurrency market and the crucial role of project teams.
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Kadena Organization Shuts Down: KDA Token Plummets Amidst Uncertainty
The cryptocurrency market was rocked by recent news that the Kadena organization, the company behind the Kadena blockchain, has announced its immed...
‍Solana Saga Support Ends as Seeker Takes Over Solana Mobile has announced the discontinuation of software updates and security patches for its first-generation crypto smartphone, the Saga. This decision affects approximately 20,000 devices, which will no longer receive official support. The focus now shifts entirely to the new Solana Seeker phone, which has already received over 150,000 pre-sale orders and began shipping recently. The Seeker aims to offer an enhanced and more affordable crypto-focused mobile experience, building on the vision of its predecessor.
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Solana Saga Sunset: First-Gen Crypto Phone Loses Support as Seeker Takes the Helm
The pioneering Solana Saga smartphone, a device that captured the crypto community
‍Sam Pepper's NERVE Token Plummets Amid Platform Bans and Dangerous Stunt British streamer Sam Pepper has been banned from livestreaming platforms Pump.fun and Kick following a dangerous firework stunt in New Delhi that injured a young teen. The incident has directly impacted Pepper's Solana-based meme coin, NERVE, which saw its market capitalization decline by nearly 16% within 24 hours. This event highlights the significant reputational and market risks associated with influencer-backed tokens, where value is closely tied to the creator's public conduct and controversies. Investors are cautioned to consider factors like reputational risk, regulatory scrutiny, and market volatility when engaging with such assets.
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Controversy Ignites: Sam Pepper
The volatile intersection of influencer antics and cryptocurrency has once again been highlighted, as British streamer Sam Pepper faces bans from...
‍LBank Surges to Top Tier with Doubled Q3 Volume and 4% Global Market Share LBank has achieved a significant milestone, reporting $4.23 billion in 24-hour spot trading volume and capturing a 4% global market share, positioning it as the 6th largest centralized exchange. Messari data highlights an explosive Q3, with trading volume doubling from the previous quarter. Year-to-date, daily volumes have increased by 162.5%, and quarterly spot trading volume rose by 75%, while derivatives volume surged by 102%. This growth is attributed to enhanced security, innovative products, and high-potential listings. LBank serves over 20 million users globally and maintains a strong reputation for security and user experience.
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LBank
LBank has cemented its position as a leading force in the cryptocurrency exchange landscape, reporting an impressive $4....
‍Europol Dismantles Major Cybercrime Network, Seizes $330K in Crypto Europol has arrested seven individuals and seized $330,000 in cryptocurrency as part of "SIMCARTEL," a sophisticated cybercrime-as-a-service network operating from Latvia. The network provided SIM box devices and tens of thousands of SIM cards to fraudsters in over 80 countries, facilitating phishing, marketplace fraud, investment scams, and more. Authorities also seized 1,200 SIM box devices, 40,000 SIM cards, five servers, two websites, four luxury vehicles, and froze $500,000 in bank accounts. This operation is part of a global trend of law enforcement targeting crypto-enabled crime, with recent large-scale seizures by Interpol highlighting coordinated efforts to combat illicit digital asset use.
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Europol Busts Major Cybercrime Network, Seizes $330K in Crypto
Europol has successfully dismantled a sophisticated cybercrime-as-a-service network operating out of Latvia, an operation codenamed "SIMCARTEL....
‍British Columbia Permanently Bans New Crypto Mining The Canadian province of British Columbia will no longer permit new cryptocurrency mining operations to connect to its power grid. This decision, part of a broader economic strategy, prioritizes sectors that generate more jobs and sustainable growth, managing surging electricity demand. While B.C. has not been a major global mining hub, its clean energy resources will now be directed towards traditional mining, natural gas, and LNG. Critics argue this may simply shift demand to less eco-friendly grids elsewhere. The province had a prior 18-month moratorium on new crypto mining connections.
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British Columbia to Permanently Halt New Crypto Mining: A Shift in Clean Energy Priorities
The Canadian province of British Columbia is making a definitive move to permanently bar new cryptocurrency mining projects from connecting to its...