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Donald Trump has accused the New York Times (NYT) of damaging his $TRUMP memecoin in a $15 billion defamation lawsuit filed against the publication. The lawsuit, filed in a Florida court, alleges that the outlet damaged $TRUMP’s reputation, as well as that of his social media platform Truth Social and the wider Trump Organization, with multiple harmful statements. Trump is following up on legal threats he made after the NYT revealed a series of birthday letters sent to the pedophile Jeffrey Epstein. These included a poem and a drawing of a nude woman allegedly signed by then president. He denies writing the letter.    In the lawsuit, Trump also claims that the NYT was a ringleader for alleged election interference orchestrated by the legacy media in 2024, describing it as a “ full-throated mouthpiece ” for the Democrat party.  ANALYSIS: Eric and Donald Trump Jr. are cashing in on crypto Read more: BitMEX invested heavily in US lobbying before ...

Investor Chris Burniske says the recent controversies surrounding memecoin launches have created an ideal opportunity for traditional financial (TradFi) firms to penetrate the crypto market. The venture capitalist tells his 324,400 followers on the social media platform X that TradFi firms are about to launch crypto-focused products and tokens and show the industry how to effectively raise and preserve capital. According to Burniske, memecoin launches are notoriously bad at capital preservation, which is the total opposite of how TradFi firms operate. “Don’t despair that our worthless memecoins were bad at capital formation, the entire world of capital formation is coming to a blockchain near you…  And for what it’s worth, memecoins were remarkable at capital formation, it was the capital preservation that most lacked. Perfect moment for TradFi to onboard their ‘trusted assets’ onto blockchains and have these RWAs (real-worth a...

Yesterday, billionaire Binance founder Changpeng Zhao (CZ) asked how to launch a memecoin based on his pet dog. Acting as if he truly didn’t know how memecoin launches worked, he claimed that a few hours of research on X would help catch him up on the trend. He promised to “mull it over for a day or so.” Obviously, impatient traders jumped into action, and the topic instantaneously trended on X. Some bought existing dog-themed coins on BNB Chain while more sophisticated internet sleuths scoured the web for old photos of CZ, friends, and coworkers in a search for his dog. Honest newbie question. How does this work? I share my dog's name and picture, and then people create memcoins? How do you know which one is "official"? or does that even matter? (I see many people asking for a name and a picture. ) https://t.co/ZcvEhzgwmM — CZ BNB (@cz_binance) February 12, 2025 Read more: Binance moved $8 billion off its proof-of-reserves BNB Chain tra...

Bitcoin’s new high surpasses its previous all-time high of $108,000 reached in December President-elect Donald Trump was once critical of Bitcoin, claiming it seemed “like a scam” On the eve of his inauguration, Trump and Melania Trump launched their memecoins Bitcoin soared to new heights, hitting over $109,000 ahead of President-elect Donald Trump’s inauguration. The number one crypto asset reached its all-time high on January 20 as market sentiment remains optimistic about Trump’s plans for the crypto industry. The new high surpasses its previous record of more than $108,000 achieved in December. Data from TradingView shows Bitcoin topped $109,036 around 6:55 am before dropping to $107,000 a few minutes later. BTC/USD Chart by TradingView Trump mentioned Bitcoin in a Sunday speech, highlighting its record performance since the US election. “Since the election, the stock market has surged and small business optimism h...

A popular crypto analyst is still optimistic about a new memecoin that’s already up nearly 50x in less than three months. The pseudonymous trader known as Altcoin Sherpa says that he thinks the Solana (SOL)-based memecoin Fartcoin (FARTCOIN) will still go up, but he notes that he has some concerns. “I decided to lower my size on this one yesterday and am going to be patient with Fartcoin from here on out. I still think it’s an amazing meme and it’s going to go much higher but I would like to see it chop around more and make sure it doesn’t suffer the same fate as the other big memes that just had perpetual futures on Binance. Virtual and aixbt are promising but I feel like that’s a bit different than this. Going to watch but will consider adding more later.”  Fartcoin is trading at $0.954 at time of writing. The 122nd-ranked crypto asset by market cap is down nearly 9% in the past 24 hours but up more than 3,750% since it ...

Popular crypto analyst Altcoin Sherpa says that one red-hot artificial intelligence (AI)-related memecoin continues to show market strength after a massive surge. The pseudonymous trader tells his 233,000 followers on the social media platform X that Act I: The AI Prophecy (ACT) is looking strong on the four-hour chart. According to the trader’s chart, ACT has broken through the .382 Fibonacci retracement level at $0.59 and continues to hold it as support at time of writing. “ACT is moving extremely well, huge move from some Elon [Musk] interaction. The technical Analysis on it was actually very solid as well, though, as it built a base (didn’t quite go to $0.36 like I wanted). Big moves for all of these AI coins [November 29th], let’s see what happens.” Source: Altcoin Sherpa/X ACT is trading for $0.64 at time of writing, up more than 4,800% from its low of $0.0130 on November 5th. The Solana (SOL)-based memecoin has a market cap ...

An analyst who continues to grow his following with timely crypto calls believes that altcoins are about to witness a final capitulation event. Crypto strategist Benjamin Cowen tells his 876,600 followers on the social media platform X that the altcoin market looks poised to plummet against Bitcoin (TOTAL3/BTC). TOTAL3 serves as a proxy for the altcoin market as it tracks the market cap of all crypto excluding Bitcoin, Ethereum (ETH) and stablecoins. According to Cowen, TOTAL3/BTC appears to follow a price pattern witnessed in 2019 when the pair slumped to a key support level before a reversal and a strong uptrend. “It looks like the grand finale of the altcoin reckoning has finally arrived. The altcoin reckoning should be over by December 2024 (2nd week of January 2025 at the latest). It has been a long journey, and many gave up along the way, but this process was always going to play out.”  Source: Benjamin Cowen/X A bearish TOTAL3/BTC chart sug...

Informed Crypto News While many crypto influencers are busy celebrating the dawn of AI-led digital assets and AI-managed hedge funds, their more observant counterparts have noticed that many of the most mundane tasks earmarked to be carried out by AI bots actually require human intervention. Indeed, on Monday, crypto’s pre-eminent AI ‘bot’ — which received unbridled praise from supposed luminaries like Arthur Hayes after it led the memecoin GOAT to an $800 million market capitalization — couldn’t even launch a website. According to Andy Ayrey, the crypto-trading AI bot he coded, Terminal of Truths, created a website and co-registered a domain name for memecoin Goatseus Maximus (GOAT). However, the bot didn’t do any of this. When I read about the AI that launched its own memecoin and religion I immediacy aped in. $GOAT pic.twitter.com/UlduBlzxU2 — Arthur Hayes (@CryptoHayes) October 17, 2024 Arthur Hayes says an AI launched a memecoin…...

A crypto strategist known for making timely altcoin calls believes that the native asset of a layer-1 project is gearing to witness its first uptrend. Top trader Bluntz tells his 275,200 followers on the social media platform X that Saga (SAGA) looks poised to spark big rallies after breaking out from an inverse head-and-shoulders pattern (IHS). An IHS is typically viewed as a bullish reversal pattern as it indicates investors are no longer waiting for the price to revisit lows before accumulating the asset. Says Bluntz, “Still thinking SAGA has one of the best structures of the mid caps in the $200 million range and a fairly new coin without an initial run yet. Huge IHS bottom breakout with volume. Easy multiples, in my opinion.” Source: Bluntz/X At time of writing, SAGA is worth $2.46 with a market cap of over $251 million. Bluntz is also bullish on the Binance Smart Chain-based memecoin Simon’s Cat (CAT). According to the top trader, CAT...

A user spent an additional 76% of their total purchase price in gas fees on a single memecoin trade. A single trader just spent a staggering 64 Ether — equivalent to $118,000 — in gas fees purchasing $155,000 worth of a memecoin called Four (FOUR). According to an update from the popular blockchain tracking service ‘Whale Alert’, the lone trader paid an astonishing $119,157 in Ether (ETH) to complete a Unsiwap trade that swapped 84 Wrapped Ether (WETH) for 13.8 billion FOUR tokens. A fee of 64 #ETH (119,121 USD) has just been paid for a single transaction!https://t.co/3w4UD0AZbw — Whale Alert (@whale_alert) May 8, 2023 It appears as though the trader voluntarily increased their gas fee to speed up the transaction time to purchase the memecoin . According to pseudonymous Twitter user @FlurETH, the trader in question is sitting on 133 ETH ($245,667) in unrealized profit on their investment in the memecoin . High gas fee transaction details. Source: Etherscan. Gas fees on the Ether...