‍Meteora Airdrop Sparks Controversy Over Melania Meme Coin Wallets Two wallets linked to the Melania meme coin (MELANIA) received $1.23 million in MET tokens from Meteora, a development complicated by former Meteora co-founder Benjamin Chow facing a class-action lawsuit for alleged "scam coin" operations. The identified wallets, melania-liquidity1.sol and melania-liquidity2.sol, received $784,200 and $454,724 respectively. Funds were quickly transferred post-airdrop. This occurred shortly after investors accused Chow of orchestrating operations involving at least 15 tokens, including MELANIA, LIBRA, and ENRON. Meteora stated efforts were made to prevent distribution to "bad actors," but these wallets apparently bypassed vetting. Additionally, three wallets tied to a President Trump meme coin team received $4.2 million in MET. This situation raises concerns about due diligence in DeFi.
Cryptovka
*Crypto Controversy: Melania Meme Coin Wallets Score $1.2M Meteora Airdrop Amid Legal Battles
A significant airdrop from the Meteora protocol has ignited fresh controversy within the cryptocurrency community, as two wallets intimately linked...
‍US Government Invests Heavily in Quantum Computing, Posing Threat to Crypto Security The US Department of Commerce is considering significant investments in quantum computing, citing national security and competition with China. This move highlights the potential for quantum computers to break current encryption standards that secure all digital assets. Economist Peter Schiff criticizes government intervention, arguing it leads to a "centrally planned economy." The rise of quantum computing presents an existential threat to cryptocurrencies. Projections suggest a sufficiently powerful quantum computer could emerge in five to ten years, with "harvest now, decrypt later" tactics already a concern. David Carvalho, CEO of Naoris Protocol, warns that the threat could be active for months before detection. The crypto industry is racing to develop post-quantum cryptographic solutions. Key challenges include algorithm development, protocol upgrades, user education, and ensuring interoperability. This urgent quest for quantum-resistant cryptography is vital for the future integrity of decentralized networks.
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Quantum Leap: US Government Investment Signals Urgent Need for Crypto Security Upgrades
The United States is reportedly ramping up its focus on quantum computing, with the Department of Commerce exploring significant investments in the...
‍US Crypto Legislation Nears Completion: Stablecoin Yields Under Debate Coinbase CEO Brian Armstrong is optimistic about US crypto legislation, with an estimated 90% of the framework agreed upon. The remaining 10% focuses on DeFi and regulating intermediaries. A key point of contention is preserving stablecoin rewards, which the traditional banking lobby opposes, viewing it as a threat to their business model. The outcome will shape digital asset regulation and financial innovation.
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US Crypto Legislation Nears Completion: The Battle for Stablecoin Yields Heats Up
Coinbase CEO Brian Armstrong has expressed significant optimism regarding the advancement of key cryptocurrency market structure legislation in the...
‍Mysterious Trader Closes $200M Bitcoin Short, Reports $6.4M Profit A significant crypto trader, whose wallet is reportedly managed by former BitForex CEO Garrett Jin, has closed a substantial Bitcoin short position valued at over $200 million, realizing a profit of more than $6.4 million. This move occurred just before Bitcoin's recent price rally. The same wallet previously profited close to $200 million by shorting BTC and ETH before a major market downturn triggered by tariff threats. While speculation of insider trading persists, Jin has publicly denied such claims, stating the account belongs to a client and asserting trades are based on strategic timing. The trader's consistent prescience continues to fuel debate in the crypto community.
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Mystery Whale Closes $200M Bitcoin Short for $6.4M Profit Amidst
A significant Bitcoin whale, previously linked by some to former President Trump