Author: Sahil Poudel

SEC Launches Crypto Task Force: A New Era of Regulation

Summary: In a move, the U.S. Securities and Exchange Commission, the SEC, said it will be creating a dedicated task force to come up with rules on crypto assets for good. Commissioner Hester Peirce is tapped to lead the effort, said acting Chair Mark T. Uyeda. It is quite a change from their traditional mode of operation which is chasing after problems.

The new task force is diving deep into crafting clear rules for crypto, from registration protocols to disclosure policies and enforcement measures. Richard Gabbert, a key advisor to Uyeda, will be Chief of Staff, while Taylor Asher steps in as Chief Policy Advisor.

YOU MIGHT ALSO LIKE: Trader Loses $1M in 2 Hours on BARRON Coin—Classic FOMO Fail

Peirce, also known as “Crypto Mom” in the blockchain world, made it clear this won’t be a quick fix. “We’re gonna need all hands on deck—investors, industry players, academics—everyone,” she said. The team plans to host public roundtables to get those vibes straight from the community.

For anyone passionate about crypto, this is your chance to actually shape the future. The SEC seems serious about not just dropping rules from above but listening to what people have to say. It’s still early days, but this task force could be a game-changer for the crypto scene.

YOU MIGHT ALSO LIKE: Cardano on the Rise: Is $7 ADA Just Around the Corner?

Trader Loses $1M in 2 Hours on BARRON Coin—Classic FOMO Fail

TL;DR: A trader blew $1 million in just two hours chasing the hype around the BARRON memecoin, mistakenly linked to Barron Trump. Turns out, it was all a pump-and-dump scam, and the token’s value tanked.

Here’s the tea: The trader bought BARRON at its peak, hoping to cash in on the buzz. The coin shot up 90% in a minute but nosedived just as fast, wiping out its value. People assumed it was tied to the Trump family because of the name, but nope—zero connection. Lookonchain even posted the receipts on X, warning folks not to trade based on FOMO.

YOU MIGHT ALSO LIKE: Cardano on the Rise: Is $7 ADA Just Around the Corner?

This isn’t the first time Trump-related tokens caused chaos. Recently, Donald Trump himself dropped the $TRUMP token, which blew up, followed by the $MELANIA coin today. Both had traders scrambling, but here’s the kicker: $MELANIA’s launch tanked $TRUMP’s price as traders switched tokensThen $MELANIA dropped too, falling from $17 to $7 in hours.

Moral of the story? Not every meme coin is a golden ticket. Watch FOMO traps, or you may just end up with our $1M trader—holding a bag of nothing.

YOU MIGHT ALSO LIKE: ‘Transaction Simulation Spoofing’: The New Crypto Scam You Need to Know

‘Transaction Simulation Spoofing’: The New Crypto Scam You Need to Know

Crypto scams just keep getting sneakier. The latest scheme on the block? ‘Transaction simulation spoofing.’ Scammers are setting up fake websites that look just like legit platforms for transaction simulations, tricking users into handing over their crypto.

Transaction simulations, or ‘dry runs,’ let you preview a transaction’s outcome before confirming it—basically a safety net. But these scams hit where it hurts: they’re targeting people trying to be safe.

YOU MIGHT ALSO LIKE: Crypto ‘Godfather’ and LA Deputy Plead Guilty to Major Crimes

Here’s the play: scammers build sketchy sites that promise transaction simulations with a little ETH reward for using their ‘claim’ function. While users wait for the transaction to go through, the scammers quickly alter the smart contract. Once signed, boom—their wallets get drained. One unlucky user lost 143.45 ETH (nearly $460,000). Ouch.

How do you dodge this? Don’t fall for random ‘free claim’ services and always double-check websites. Tools like ScamSniffer on Chrome are clutch for keeping your crypto secure.

YOU MIGHT ALSO LIKE: Rumble Dives Into Bitcoin with $20M Crypto Plan

The crypto space lost $494M to scams last year—wild, right? But remember, crypto’s still a safe bet if you stick to trusted platforms (like Binance for new tokens) and stay smart. At the end of the day, vigilance is your best friend in this game. Stay sharp out there!

Solana Slips to $230 After ATH Surge, Still Up 40% This Week

Solana has continued to ride the crypto rollercoaster with pure class. Coming from an all-time high of $295 down to where it currently hangs loose at $230, on a downward spiral across markets, SOL is still up a whopping 40% from last week. Yeah, that’s what made the difference-keeping its spot as a top contender in the crypto game.

The hype kicked off with the launch of the $TRUMP meme coin—a mega-move on the Solana blockchain. This coin isn’t just any meme coin; it dropped with a jaw-dropping $10 billion market cap and has everyone talking. Alongside Solana legends like Raydium, Jupiter, and Bonk, $TRUMP is giving Solana major clout.

YOU MIGHT ALSO LIKE: Solana Soars to $295 ATH as $TRUMP Token Makes a Splash

Crypto Twitter went crazy when Trump’s 2024 presidential win boosted the coin’s buzz. He’s pushing to make the U.S. the “crypto capital,” and Bitcoin’s price is vibing with that energy too, doubling recently.

With the $MELANIA coin and other projects popping off, Solana is proving it can ride the biggest cultural waves. Some stans are even calling for SOL to hit $300 soon. Whether it’s meme coin chaos or FOMO, Solana is still making major moves. Stay tuned—it’s looking spicy out there.

YOU MIGHT ALSO LIKE: Rumble Dives Into Bitcoin with $20M Crypto Plan

TL;DR: Solana’s down but definitely not out. Catch the vibes and watch the ride.

Crypto ‘Godfather’ and LA Deputy Plead Guilty to Major Crimes

A crypto mogul known as “The Godfather” and a Los Angeles deputy are about to face some serious time after they pleaded guilty to a bunch of federal charges, including conspiracy, wire fraud, and tax evasion.

Those taking part in the shadowy scheme included extortion, intimidation, and abuse of law enforcement powers for personal gain, putting 24-year-old Adam Iza and 41-year-old LASD deputy Eric Chase Saavedra behind bars. Iza was previously used to hanging out in fancy neighborhoods such as Bel Air and was arrested this September 2024 while Saavedra was pulling strings with his private security company.

YOU MIGHT ALSO LIKE: Solana Soars to $295 ATH as $TRUMP Token Makes a Splash

Iza hired off-duty deputies, paying them up to $100K/month to intimidate his rivals.He used his badge to steal confidential police data and even procured sham search warrants against individuals. The most distressing of these was the attempted armed robbery in January 2022 to steal a $100M crypto laptop.

Iza defrauded millions, too, using hacked Facebook ads to finance their operations, and evaded more than $6.7M of taxes in 2021. Saavedra failed to report $373K in income that very same year.

YOU MIGHT ALSO LIKE: Saif Ali Khan Inspires Memecoins After Mumbai Incident

Iza is facing up to 35 years; Saavedra’s looking at up to 13. Both are expected in court in the next several days.

Rumble Dives Into Bitcoin with $20M Crypto Plan

Rumble, the Tether-backed, Nasdaq-listed video-sharing app, just made its first-ever Bitcoin buy. CEO Chris Pavlovski dropped the news on Friday, January 17, confirming that the company officially kicked off its $20M Bitcoin investment strategy.

While Pavlovski didn’t spill the exact amount of Bitcoin they snagged, he made it clear this is just the beginning. The goal? Strengthen Rumble’s reserves with the OG crypto. Pavlovski called Bitcoin a boss move against inflation and pointed to its growing fanbase in the corporate world as a reason to stack sats.

YOU MIGHT ALSO LIKE: Saif Ali Khan Inspires Memecoins After Mumbai Incident

Rumble is now part of a bigger trend, joining companies like MicroStrategy and Marathon Digital in using Bitcoin to beef up their treasuries. For investors, it’s giving “Bitcoin ETF vibes” but with added spice.

With 67 million active monthly users, Rumble is carving out its own space as a YouTube alternative, thanks to its chill content moderation rules. And last December, Tether dropped a massive $775M investment into the platform, fueling its glow-up.

YOU MIGHT ALSO LIKE: George Hotz Warns: No Crypto Asset is Truly Secure

Oh, and Rumble’s crypto flex doesn’t stop here. It also teamed up with El Salvador on cloud services, doubling down on its blockchain bromance.

This move? Peak “we’re in our Bitcoin era” energy.

Saif Ali Khan Inspires Memecoins After Mumbai Incident

In a wild turn of events, Bollywood star Saif Ali Khan is now the face of not one, but three memecoins, created just 72 hours after a recent attack on the actor in Mumbai. Yep, you read that right—crypto bros wasted no time turning this into a digital trend.

These coins popped up on pump.fun, a platform where anyone can make a token about literally anything. The first one, Justice for Saif Ali Khan (Khan), has a market cap of $7.4K and has sparked 28 posts from users rallying behind the actor.

YOU MIGHT ALSO LIKE: Melania Trump’s $MELANIA Cryptocurrency Unveiling Ignites Debate

The second coin, Saif Ali Khan Al Robot (SaifKhanAI), also sits at $7.4K, combining his name with a nod to AI tech—because why not? Lastly, there’s another Justice for Saif Ali Khan (Saif) coin with the same $7.4K market cap but way less hype so far.

YOU MIGHT ALSO LIKE: Dan Tapiero Predicts Crypto Market Will Reach $10 Trillion by 2025

While these coins probably won’t hit Dogecoin or Shiba Inu status, they’re proof that crypto culture moves at the speed of memes. From Bollywood dramas to politics, like Trump’s recent TRUMP coin, anything can be turned into a digital asset. For now, Saif’s memecoins are a quirky mix of fan support and Gen Z humor in the ever-random world of crypto.

Dan Tapiero Predicts Crypto Market Will Reach $10 Trillion by 2025

Macro investor Dan Tapiero has predicted explosive growth in the cryptocurrency market, projecting it to rise from $3.6 trillion to $10 trillion by 2025.

Tapiero believes Bitcoin will contribute $5 trillion to this growth, with other cryptocurrencies adding $2–$3 trillion. He also sees crypto-related businesses generating an additional $2–$3 trillion.

YOU MIGHT ALSO LIKE: XRP Could Overtake Ethereum in Market Cap, Says Messari Analyst

He thinks this surge was driven by the pro-business climate promoted through the United States government under President-elect Donald Trump. This, he said, “considers capitalism and efficiency as paramount concerns,” hence bringing the spotlight and confidence to the digital assets.

Another unexpected turn: Elon Musk will head the new Department of Government Efficiency, DOGE. This appointment will amazingly lift productivity and, by consequence, corporate profits and overall US economy, he says. Among other benefits: lower interest rates, strong dollar, and decreased federal deficits.

According to Tapiero, supportive policies of influential leaders such as Musk are important to guarantee the process of innovation and long-term growth in this field.

YOU MIGHT ALSO LIKE: Vanguard Agrees to $106M SEC Settlement for Tax Reporting Errors

He also said that if the business conditions are right and with an inflow of new ideas, under proper conditions, the crypto market will reach unimaginable heights, with a position as one of the bedrocks of global economics.

XRP Could Overtake Ethereum in Market Cap, Says Messari Analyst

According to Messari analyst Sam Ruskin, XRP is on its path to flipping Ethereum’s market capitalization. In a post published on X today, the analyst said a couple of factors are most likely going to drive this movement: excitement after elections, a potential XRP ETF filing, and interest in “boomer coins” like XRP.

In that sense, XRP is up 460% since the U.S. election in 2024-a further sign of very strong investor confidence, says Ruskin. He went on to say it might also mean another big bout of buying in XRP, akin to the post-election rally in 2016 before Donald Trump’s inauguration.

YOU MIGHT ALSO LIKE: Trump Coin Skyrockets Over 110%, Now Available on Binance and CoinSwitch

Whispers of a U.S.-based XRP ETF filing and favorable new tax rules for U.S. crypto projects add to market optimism. Ruskin also noted the trend of a resurgence in the legacy cryptocurrencies such as XRP, Hedera (HBAR), and Cardano (ADA) while Ethereum is failing to keep up with declining demand and a fragmented community.

Ethereum’s price remains 30% below its all-time high, with high open interest failing to translate into market growth. In contrast, XRP’s open interest aligns more closely with its price performance, reflecting stronger demand.

YOU MIGHT ALSO LIKE: Jio Launches Blockchain-Powered Jiocoin Reward Program

Ruskin predicts XRP’s value could climb by 35-50% in the coming months, potentially bringing its market cap closer to Ethereum’s $415.3 billion from its current $187.4 billion.

Wyoming Proposes Bitcoin Strategic Reserve to Lead Financial Innovation

Wyoming, a pioneer in cryptocurrency legislation, has taken another step forward. Representative Jacob Wasserburger has filed the “State Funds-Investment in Bitcoin Act” (HB0201), a bill that would let the state invest a portion of its funds in Bitcoin to establish what’s called a Bitcoin Strategic Reserve and finally show some real financial independence and innovation for Wyoming.

Wyoming has always led the way – from women’s suffrage to the frontier of digital assets,” said Wasserburger. He indicated that such a bill would create some long-term advantages for the state while securing its leadership status with respect to Bitcoin legislation.

YOU MIGHT ALSO LIKE: Trump Coin Skyrockets Over 110%, Now Available on Binance and CoinSwitch

Since 2018, Wyoming has implemented more than 20 crypto-friendly laws, including the famous SPDI framework. Wasserburger claims that HB0201 is the next step to actually enact two of the core values of Bitcoin: decentralization and financial resilience.

Other states, such as Texas and Pennsylvania, are considering similar moves, but Wyoming is at the forefront. Wasserburger is also the backer of federal legislation that would create a U.S. Strategic Bitcoin Reserve to help the country’s financial security in the new digital world.

YOU MIGHT ALSO LIKE: Jio Launches Blockchain-Powered Jiocoin Reward Program

“Bitcoin represents financial strength and innovation,” Wasserburger said. “Wyoming must act now to stay ahead.

If passed, HB0201 would further cement Wyoming’s leadership in Bitcoin and likely spur other states to similar action, pushing the entire nation forward with respect to digital finance.

Exit mobile version