Author: Anmol Khatiwada

Ethereum Foundation Offloads More ETH as Prices Dip to $3,000

ETH slumped to $3K as the Ethereum Foundation sold 100 ETH amid market chaos, liquidations, and bearish vibes.



The crypto market’s feeling the heat, and Ethereum’s caught in the storm. ETH just tanked to $3,057, down 7.4% from its daily high of $3,434, with the Ethereum Foundation adding to the drama. They sold another 100 ETH for $307K DAI via CoW Protocol, bringing their total sales this month to over $13M.

Vibes? Bearish AF. Bitcoin took a dip to $99K yikes, and altcoins aren’t left out, most are swallowing their losses in double digits. The chaos pumped ETH trading volume up 130% in the past 24 hours, but it’s not helping. The foundation sell-off has come along as a part of a major slump, with $660 million in long and short positions being liquidated early on Jan 27.

Vitalik Buterin and the Ethereum Foundation have been in the spotlight lately, especially after Vitalik announced plans to shake up the foundation’s leadership and backed Etherealize, a new institutional BD arm. But that hype hasn’t saved ETH from dipping to a crucial $3K support level.

The broader crypto market’s down 7% in 24 hours, with trading volume soaring to $153B—a 90% spike. TL;DR: It’s messy out there, and ETH isn’t catching a break.

Also Read: Pi Network Introduces Email Verification for Secure Account Recovery

Jupiter DEX on Solana Secures Majority Ownership of Moonshot

Jupiter DEX bought Moonshot, a viral crypto app for memecoins like “TRUMP,” while burning tokens and boosting JUP prices—big hype for Solana DeFi!

Solana’s top DeFi player, Jupiter DEX, just made waves by snagging a majority stake in Moonshot, the self-custody app that lets you snag memecoins like a pro—yes, even with Apple Pay. The tea? Moonshot went viral after Donald Trump’s “TRUMP” token dropped on Jan 18, skyrocketing to the #1 spot in the U.S. App Store’s finance category. With nearly $400M in trading volume and a whopping 1M daily users by Jan 20, it’s safe to say Moonshot is a vibe.

Jupiter’s move isn’t just about flexing. Announced by their founder “Meow” (yes, really) at Catstanbul, Turkey’s first-ever Jupiter community event, this acquisition levels up the Solana DeFi game big time. They’re not stopping there, though. Jupiter also dropped another banger—burning $3B worth of JUP tokens and pledging 50% of trading fee income to buy back JUP. Naturally, this sent JUP’s price skyrocketing to $1.27, and the community is hyped.

This comes hot off their recent airdrop of 700K JUP tokens to 2M+ users. Jupiter and Moonshot are clearly out here trying to make Solana DeFi the main character, and honestly? It’s working. Big moves, big energy—Solana’s DeFi space is thriving!

Also Read: Propy’s Crypto Loans Let You Buy Tokenized Real Estate Fast

Pi Network Introduces Email Verification for Secure Account Recovery

Pi Network now lets you recover accounts via email! With KYC deadlines and mainnet launch near, secure your Pi ASAP!



Pi Network just stepped up its security game by adding email verification for password recovery. No more being stuck if you forget your password—now, you’ve got an extra method to regain access. Along with the SMS verification, Pi Network will send you a verification link via email, making it easier and safer to reset your password.

This update is pretty crucial, especially with the Grace Period deadline coming up. Pi Network extended the Grace Period to January 31st of this year, giving Pioneers more time to secure their accounts and protect those Pi coins. So, don’t sleep on it—make sure you’re all set for the mainnet launch happening in Q1, this year.

And speaking about securing your account, Pi Network really urges users to complete their KYC verification. This is, of course, very important to prepare your account for the mainnet that is to come. The clock is ticking, and now is the time to get things in order.


With all these changes, this year Pi Network is prepping for some serious moves. Get your Pi secured and stay ahead of the game!

Also Read: Virtuals Embraces Solana, Driving Crosschain AI Advancements

a16z Shifts Focus to U.S., Halts UK Crypto Plans Post-Trump Victory

a16z ditches UK crypto plans, backs Trump’s pro-crypto vibes, shifting focus to U.S. as Bitcoin hits $109K.

Silicon Valley’s Andreessen Horowitz (a16z) is switching things up, pulling back on UK crypto moves and turning its focus to the U.S. Why? Trump’s back in the White House, and his pro-crypto stance has the industry buzzing. His administration’s new executive order pushes digital assets and hints at creating a national crypto reserve.

a16z, which opened its first international office in London back in 2023, is now scaling down operations there. The firm’s founders, Marc Andreessen and Ben Horowitz, are riding the Trump train, even advising on policies. Meanwhile, Sriram Krishnan, who used to lead a16z’s London game, joined Trump’s squad last year.

Trump’s return as the 47th president has brought big crypto energy, with promises of lighter regulations and a focus on innovation. Binance’s CZ even tweeted that the U.S. is back in the game, forcing other countries to step up. Bitcoin felt the hype, skyrocketing to $109K on inauguration day—its highest ever.

Though a16z might still back UK projects from across the pond, their local presence was never major. With $43B in assets, they’ve supported names like Arweave and Aztec, but now it’s all about chasing U.S. crypto dreams.

Also Read: Ripple Pushes for April 16, 2025 Deadline in Ongoing SEC Battle

Virtuals Embraces Solana, Driving Crosschain AI Advancements

Virtuals hops on Solana for speed, scalability, and cross-chain vibes. Plus its backing creators with grants, partnerships, and multichain dreams.



Virtuals, the booming AI agent platform, just leveled up by joining the Solana blockchain. Already crushing it on Ethereum’s Layer-2 Base, this move shows they’re serious about becoming a true cross-chain powerhouse. Why Solana? It’s fast, super scalable, and has a squad of devs ready to innovate.


Launched in October 2024, Virtuals has trained over 16,000 AI agents, proving they’re not here to play. By tapping into Solana, they aim for smoother scalability, less network chaos, and a multichain future that vibes with everyone.

They’re not just showing up—they’re going all in. Virtuals plans to launch a Strategic Solana Reserve (SSR), converting 1% of trading fees into SOL to support long-term growth. Plus, they’ve partnered with Solana DeFi legends like Meteora, Jupiter Exchange, and LayerZero to keep transactions seamless.

The cherry on top? A grants program pledging 42,000 VIRTUAL tokens to back fresh creators on Solana and Base. Critics worry about their Base presence, but Virtuals isn’t stopping here. They’re eyeing even more blockchain bridges to dominate the cross-chain scene.

This year’s looking like the year of cross-chain vibes, and Virtuals is ready to make it theirs.

Also Read: Xaman Wallet Moves $6B in XRP for Just $510 in Fees

Xaman Wallet Moves $6B in XRP for Just $510 in Fees

Xaman Wallet processed $6B in 2024 for just $510 fees, proving XRP Ledger’s speed, low costs, and growing popularity.

Xaman Wallet, formerly Xumn, just flexed the power of the XRP Ledger (XRPL) by processing over $6 billion in transactions in 2024, including cross-border payments, all while charging a tiny $510 in fees. That’s less than 10 cents per million dollars! Compare that to bank transfers that cost $20–$50 for just $2,000 and take days to process.

Xaman’s wallet success comes down to its slick features, especially its xApps—embedded web apps that let users tap into on/off-ramp services, decentralized exchanges, and more, all without leaving the app. In 2024, users interacted with xApps almost 8 million times, showing how much value people see in these tools.

On top of that, Xaman’s transaction volume on XRPL was 7 times higher than any other decentralized exchange (DEX) on XRPL in 2024. With regulatory clarity finally starting to build, Xaman and other XRP-based apps are in prime position to grow even more.

Xaman’s breakthrough shows XRP Ledger is a serious contender for fast, cheap, and scalable payments. The crypto space is taking notice, and more cool features are on the way.

Also Read: Ripple Pushes for April 16, 2025 Deadline in Ongoing SEC Battle

Ripple Pushes for April 16, 2025 Deadline in Ongoing SEC Battle

Ripple wants until April 16, 2025, to respond to the SEC’s appeal, calling it weak and predicting a major win ahead.

Ripple just asked for an April 16, 2025 deadline to hit back in its legal face-off with the SEC. This comes after the SEC filed an appeal to keep pushing its claim that XRP sales on exchanges are securities, even after losing part of the case earlier this year.

ICYMI, the court had previously ruled some XRP sales weren’t securities, giving Ripple and crypto fans hope. But the SEC isn’t backing down, even after Gary Gensler left. They’re doubling down, saying the court made serious mistakes. Ripple’s top lawyer, Stuart Alderoty, isn’t fazed. He called the SEC’s appeal “just noise” and is betting on Ripple coming out on top.

Attorney Jeremy Hogan, closely following the drama, slammed the SEC’s appeal, calling it weak. He pointed out the SEC still can’t prove XRP buyers expected gains solely from Ripple’s work, especially since many buyers don’t even know what Ripple is.

Ripple’s team is confident this case could set a new tone for crypto regulations. They believe the next administration might even drop the SEC’s fight altogether. Until then, Ripple’s hodling strong, ready for a legal win and a crypto-powered future.

Also Read: Vitalik Buterin Wants Layer 2s to Boost Ethereum’s Game with

MicroStrategy Faces Potential Billion-Dollar Bitcoin Tax Dilemma

MicroStrategy might owe billions in taxes on unrealized Bitcoin gains due to new CAMT rules, risking its long-term hodl strategy.



MicroStrategy’s Bitcoin obsession might backfire big time, thanks to new tax rules under the 2022 Inflation Reduction Act. The Corporate Alternative Minimum Tax (CAMT) slaps a 15% tax on financial income, even if no Bitcoin is sold. Since the company’s Bitcoin stash is worth over $18 billion, their tax bill could hit $4 billion if the IRS doesn’t cut them some slack.

Here’s the deal: unlike regular Bitcoin hodlers who only pay taxes when they sell, MicroStrategy could be taxed on paper profits. While the IRS excludes unrealized stock gains from CAMT, they haven’t done the same for Bitcoin yet. MicroStrategy’s pushing for Bitcoin to be treated like stocks, but it’s a toss-up whether the IRS will budge.

Making it worse, new accounting rules mean MicroStrategy has to report Bitcoin’s market value, which pumps up earnings—and taxes. If they can’t get an exemption, they might have to sell Bitcoin, which totally kills their hodl-and-chill vibe.

Still, with IRS rules up in the air, MicroStrategy is stuck waiting. The Bitcoin tax saga shows just how dicey it can be to pay taxes on super-volatile assets. One wrong move, and the company’s future could be shaky.

You might also like: Ross Ulbricht Walks Free After Trump’s Pardon

Coinbase CEO Addresses Delays in Solana Transactions with Apology

Coinbase CEO apologized for Solana delays, blamed memecoin hype, promised better support, and pledged upgrades to handle demand.



Major delays to Solana transactions last weekend left Coinbase chief Brian Armstrong eating his hat following a fusillade of protests from inconvenienced consumers. Indeed, some did either get canned, or would ultimately finish the 10 hours required in transit for processing; therefore, that backlash unfolded very quickly online. Following word that transactions could be smoothed through, following some congestion backlog-clearing from their side, the CEO later on took to X and said those canceled could still have a second chance.


Delays were caused by the unexpected spike in activity on Solana, well over what Coinbase’s system could support. The increase in demand-10 times higher than usual-was mostly due to the hype surrounding new memecoins associated with Donald Trump. Armstrong has now come forward and accepted that Coinbase dropped the ball with its support for Solana, saying it would work harder to scale infrastructure in order to keep up with such spikes-particularly for strong use cases such as DEX and memecoin trading.

Some users accused Coinbase of focusing too much on Ethereum projects over Solana, but Armstrong responded by committing to give Solana the same level of support as Bitcoin and Ethereum in the future. Coinbase is working with the Solana Foundation to improve its system, and though delays have decreased by 30%, users are still advised to expect transaction times of up to 24 hours during peak periods.

Also Read: Hacker takes over Nasdaq’s X account to push fake memecoin scam

Hacker takes over Nasdaq’s X account to push fake memecoin scam

Nasdaq’s X account got hacked to hype a fake memecoin, STONKS, hitting $80M market cap briefly before crashing hard.



The official X account of Nasdaq got hacked, and what unfolded looked completely like a plot from a cybercrime movie. Using the account, the hackers began shilling a memecoin called STONKS by linking it to a fake affiliate account, hyping the token as the next big thing in the market.

Turns out, STONKS was a ripoff of an already existing Solana-based memecoin with the same name, and the original meme’s IP wasn’t even theirs. Still, the fake token went from zero to an $80 million market cap within minutes of launching—talk about wild. But the hype didn’t last long. Just a few days later, its value plummeted, leaving FOMO traders with nothing but regret, according to DEXscreener stats.

This isn’t the first time hackers have pulled this stunt. Hijacking high-profile accounts on X has become a thing lately. Big names, businesses, and even institutions are getting hit, losing money and reputation in the process.

Hitherto, Nasdaq has had absolutely nothing to say about the breach, but this mess is another reminder: secure your accounts! If big dogs like Nasdaq can get hacked, anyone can. Slap those passwords with a raise and add two-factor authentication. Stay safe, fam!

Also Read: Solana Stablecoin Supply Skyrockets 57% Following $TRUMP Token Debut

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