Category: Web3

Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge

The Simon’s Cat token (CAT), launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is tied to the Simon’s Cat brand and backed by its $5.8 billion revenue IP. Its early access was offered to BONK holders on Solana, which ended up raising $240,000 via vaults. Solana’s recent memecoin surge has seemingly increased in huge demand for its ecosystem, including some record-breaking trading fees.

The Simon’s Cat Token known as CAT is a memecoin launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is getting whale’s eyes all over it as of recent. It is the first major cat-themed token on the BNB Chain and is formally tied to the popular Simon’s Cat brand, which is supported by its $5.8 billion intellectual property. It mainly targets meme enthusiasts by offering them early access incentives to BONK holders via Solana. Its close ties with Solana really boosts the platform’s growing role as a hub for memcoin activities. They also offer early access incentives to BONK holders via Solana.

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Basically, BONK holders can score early access to Simon’s Cat Token (CAT) on Solana with a 12-month token lock. The vault which was initially capped at just $100K worth of CAT at a discount, smashed through every expectations and reached $240K in stablecoins deposited overnight.

With this and the already positive vibes by Solana sets it as the ultimate memecoin hotspot. Its continuously pulling off wild trading cycles that pump demands for SOL, with these profits funneled into fresh tokens. Back in March, Solana broke its all-time fee record, raking in $3.02M in just one day, which left behind big names such as Ethereum, BNB Chain, and Tron. Clearly, all eyes are glued to Solana right now!

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HBAR Skyrockets 160% in a Week Amid Buzz Around Brian Brooks as SEC Chair Frontrunner

HBAR’s is up 160% this week after rumors spread about Brian Brooks being the next SEC Chair. Already owning a $2.06B trading volume and $5.3B market cap, this new surge has kept investors hyped. Brooks’s crypto knowledge and Hedera’s moves have the market buzzing. This bullish vibes has left everyone wondering what’s next.

HBAR is basically a native cryptocurrency of Hedera. Its a fast, secure and scalable blockchain platform especially designed for decentralized apps (dApps) and enterprise purposes. It mainly focuses on solving issues like high fees and slow speeds that plague other blockchains and overall claims to offer a more efficient alternatives. They use a unique consensus mechanism called Hashgraph, making it different from traditional blockchains.

This platform is taken away by storm which led it to surge by over 160% in the past week, plus a 30% rally in the last 24 hours. Its currently trading at $0.144. This meteoric rise is all thanks to a simple rumor about  Brian Brooks, a Hedera board member, being appointed as the next U.S. SEC.

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This hype started right after President Trump hinted at replacing  Gary Gensler, a well known figure in crypto industry, with Brooks who is also an expert in blockchain technology. Brooks is very close to Trump, he previously  served as Binance US CEO and was nominated twice by Trump for Comptroller of the Currency. If the rumors turn out to be true, we should expect a very crypto friendly environment in the future. This has filled investors with optimism and excitement for the future.

Also read: Pump.fun Sells $25M in SOL as Solana’s Price Soars

Pump.fun Sells $25M in SOL as Solana’s Price Soars

Pump.fun has just sold 105K SOL, which is $25.14M after Solana price surged to $241.66. They have been cashing out their fees for months, sparking numerous debates. Its divided though, some say its fair while others worry it’s messing with SOL’s price stability. So far, they’ve sold out nearly $160M worth.

Pump.fun is basically a memecoin launchpad platform that helps launch and promote meme-based cryptocurrencies. It makes revenue earnings through fees from token transactions and has accumulated a large amount of Solana (SOL) tokens. However, them selling too much of SOL tokens have led to a problem.

Just recently it has sold another 105,000 SOL tokens which is valued at $25.14 million. This has been a major catalyst in intensifying pressure on Solana’s price. A blockchain analytics platform named Lookonchain revealed the transaction to the general public, noting that the tokens were transferred to Kraken in a single move.

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Pump.fun Sellings

Pump.fun has bagged huge profits as they sold huge chunks in the latest surge of Solana’s SOL. It had recently spiked from $135 to $241.66. This is no new news though, they’ve done this before, like when SOL hit $200 earlier this month. Since launching, they’ve racked up 1.3M SOL, selling $157M worth for costs. Some think it’s fair, but others worry it could mess with SOL’s price.

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Nepal Warns Citizens Amid Rising Crypto Scam Cases

In short, Nepal’s FIU warns about rising crypto scams despite the trading ban. The ban didn’t stop criminals as they have been actively using crypto for money laundering and some fake investment schemes trap locals using social media. Plus, fear of reporting such issues worsens the issue even further, with 64% of fraud being cyber-related. But they are making progress as just recently FIU is calling for stricter monitoring, better training, and updated fraud laws.

Financial Intelligence Unit (FIU), a branch of Nepal Rastrya Bank that generally deals with monitoring and analyzing financial transactions to combat financial crimes has raised several alarms over the growing use of cryptocurrencies in cybercrimes. Firstly, trading on any crypto related token is completely banned in Nepal yet such trading is done in money laundering and other financial crime so this case goes deeper than regular crypto related crimes.

FIU Warns of Rising Crypto Fraud in Nepal

On a “Strategic Analysis Report” reported on November 18, FIU gave especial focus on increase in criminals using crypto to launder illicit funds. These fraudsters convert their illegal earnings into crypto tokens which makes it very difficult for authorities to trace and recover the money. Blockchain is supposed to be safe and not be untraceable but in its banned nationwide. Plus their ability to transfer cryptocurrency to offshore accounts seamlessly further complicates matters.

Fraudsters using crypto to lure in victims is increasing a lot lately, they run their business by running  investment schemes targeting citizens through social media and online ads. These schemes are generally eye catching and promise high returns, drawing unsuspecting victims. Plus the illegality of crypto trading makes reporting such acts publicly embarrassing for the government which has led to suppressing the news and as a result, has created even more victims.

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FIU Proposes Tighter Crypto Monitoring to Fight Fraud

FIU is pushing for tougher crypto transaction monitoring and better training for banks to spot any ongoing suspicious activity. They’re also calling for stronger teamwork between agencies and updated fraud laws. Nepal has shared its concerns globally, with South Korea even set to require businesses to report cross-border crypto transactions to the Bank of Korea.

You might also like: Binance Margin Expands with New USDC Trading Pairs

Binance Margin Expands with New USDC Trading Pairs

Latest news: Binance Margin now offers new USDC trading pairs for all Cross and Isolated Margin. This has made it way easy to diversify portfolios and tweak different trading strategies. Now users can stay relaxed and remain informed on margin limits and risks while enjoying more stablecoin options. As always, trade smart and know the risks!

Binance, a leading global cryptocurrency that is known for its wide range of trading services, including spot, margin and futures trading and plus innovative ideas for financial products and solutions for users worldwide, has made a huge announcement about the addition of new USDC trading pairs on its Margin platform. This addition is specifically for Cross and Isolated Margin options. This move will possibly enhance the trading  experience largely by offering more choices for portfolio diversification and flexible trading strategies, according to Binance.

Fresh USDC Pairs, More Wins

USDC pairs, the fresh drop by Binance Margin will give traders way more space to work with and give more ways to diversify, flex their strategies and adapt to market moves. It’s all about levelling up options and making trades smoother for everyone.

However there are some important considerations to be taken, users need to consult the updated list of marginable assets and familiarize themselves with specific limits, collateral ratios, and rates on the Margin Data page. Also note whether the original English content and translations are trustable. Users are highly recommended to use the English version if possible.

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About USDC: Stablecoin You Can Trust

USDC is a stablecoin that is backed by US dollar, issued by the Circle. It keeps its value steady, and holders can cash it out 1:1 anytime. Its absolutely perfect for staying liquid and secure even when the crypto scene is getting wild.

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NEAR Surges 42%, Nearing $20 Mark with Deutsche Telekom’s Support

NEAR’s price has managed to pop by over 42% this week. This recent pop led the token to near a $20 mark which is also said to be highly assisted by the involvement of Deutsche Telekom as a validator. This collab also overall boosted blockchain adoption hype. It currently holds a $1.6B trading volume and solid support at $2.74. Analysts are predicting NEAR hitting $15-20 in 3-6 months.

NEAR protocol is on a bullish ride right now and the momentum doesn’t seem to slow down any time soon. Over just past seven days, this token has managed to surge by over 42%. Coincidently so, they had made a massive collaboration with a German Telecommunications firm  Deutsche Telekom, which was said to support NEAR protocol in coming days.

Read more about their partnership: Deutsche Telekom Partners with Meta Pool to Advance Decentralized AI on NEAR Protocol

In short, NEAR’s like the ultimate plug-and-play blockchain for building DApps that can handle millions of users while, Deutsche Telekom is all about decentralization and keeping your data yours, so this collab just vibes perfectly.

While this partnership was buzzing all over with good vibes, the token still dipped by 5% in the past 24 hours. landing at $5.16, but no biggie as graph shows it is still up by 42% this week. Trading volume also hit a wild $1.6B, meaning investors are all over it. NEAR’s overall market cap is now $6.2B, with $1.2B tokens circulating.

The charts are giving traders a lot of information, at the fire support level of $2.74, buyers continue to intervene. On the other hand, NEAR needs to break beyond the $6.20 barrier in order to make more money. According to analysts, if it breaks that, it might soar to $15–$20 within the following three to six months.

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Polymarket Whale Loses $3.6M in Tyson Bet Gone Wrong

Polymarket whale “zxgngl,”, the one who once bagged $11M keeping all bets on Trump. Now he faces defeat as he just lost $3.6M betting on the most anticipated Mike Tyson versus Jake Paul. Paul absolutely dominated throughout and Tyson also looked very tired to begin with, this zxgngl’s gamble backfired bigtime. But even with this L, they’re still top 4 on Polymarket, where the fight saw a wild $63M in bets.

Zxgngl, a high stakes bettor and a prominent figure on Polymarket, which is a popular prediction platform, has just dumped out loads of money after losing the bet on Tyson vs Paul boxing match on November 15.

He has a record of winning bets, the most recent one was when he bet on U.S. presidential election 2024, where he bet on Trump’s victory and bagged a profit of whopping $11 million. Sadly, this victory was immediately followed by a massive loss on the recent boxing match. Zxgngl heavily favored Mike Tyson, even weeks before the match he was praising Tyson continuously. However the odds for the match showed that Jake Paul had a 63.5% chance of winning and Tyson had just 29.5% chance, the remaining 8.5% was the possibility for a draw. Despite all the odds against him, zxgngl decided to support for Mike and the results were awful for him.

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By the end, Jake Paul was awarded a unanimous decision victory, and Tyson’s hopes of securing a win were dashed. This news shocked the world and more to zxgngl as he lost  $3.6 million on it. This is near to one third of the previously won bet on elections. However, despite these losses, zxgngl still remains a prominent figure on Polymarket’s leaderboard.

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Arkham Unveils Points Program to Attract Derivatives Traders

Arkham has launched a crypto derivatives exchange with an exciting 30-day points program that converts into ARKM tokens. Targeting major retail traders, it offers onchain audits and PoR but excludes U.S. users. Crypto derivatives trading is absolutely booming, just recently it hit a milestone of $3T+ volume with platforms like CME and Crypto.com baking it up for with futures tied to popular coins.

Arkham Intelligence is a blockchain analytics firm that primarily specializes in tracking and analyzing cryptocurrency transactions. It provides all tools essential in order to identify the entities behind crypto wallet addresses, and hence offers insights into blockchain activity. This blockchain analytics firm has started a points program to woo traders to its newly launched cryptocurrency derivatives exchange, according to an announcement made on Nov. 14.

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This basically means traders can earn points from trading spot crypto and perpetual futures contracts. The program is set to last for overall 30 days and the points thus earned will be converted into Arkham’s native token, ARKM. On November 6, they even launched a digital assets derivatives exchange. This exchange will reportedly target retail traders and compete with existing platforms such as Binance. In short, it mixes their research with onchain audits and proof-of-reserve (PoR). But heads up, it’s not available for U.S. users. This is likely due to regulatory restrictions and compliance issues around crypto trading platforms in the country.

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Bitfinex Hacker Lichtenstein Gets 5-Year Prison Sentence

Ilya Lichtenstein, the man behind the infamous 2016 Bitfinex hack which resulted in $71M (now billions) being stolen, has got 5 years in prison for laundering with his wife, Mrs. Heather Morgan. They used every shady techniques like creating fake ID’s, darknet markets, and NFTs to hide their funds. After finally being caught Lichtenstein cooperated and helped solve cybercrime cases while his wife is also facing sentences soon.

Ilya Lichtenstein from Russia is has been sentenced to five years in prison for working together with his wife to steal and launder billions of cryptocurrency. His wife is a rapper who goes by the name  “Razzlekhan” on her social media and she also pleaded guilty last year for their heinous crimes. Reportedly, Morgan has faced an 18 month sentence recommendation and that will be finalized on November 18.

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This case dates back to 2016, the time when Lichtenstein managed to hack into the Bitfinex exchange, stealing 119,754 Bitcoin worth $71 million at the time. The recent surge of Bitcoin makes the overall stolen amount rise to billions of dollars. The scale of this money and the complexity involved in the case has made this one of the most infamous heist in crypto.

Judge somewhat praised Lichtenstein by calling his Bitcoin heist super calculated. He and his wife both, used fake IDs, crypto exchanges, and even bought NFTs to hide stolen funds. However, after pleading guilty he cooperated with cyber police force and is also helped them solve other cybercrime cases. He showed remorse and promised to fight against cybercrimes. This case really highlights how wild crypto crimes can get.

Bhutan Sells $33M in Bitcoin Amid Price Surge

Bhutan has just sold $33.5M worth of Bitcoin at its peak price, this added to the previously sold $66M overall becomes $100M and this is just the data of this month. Well, even after this the country still holds 12,206 BTC, that totals about $1.11B. Bhutan mines bitcoins using its epic hydro power. Their strategic moves are inspiring other nations, with talks of a U.S. “Strategic Bitcoin Reserve” gaining major buzz.

The kingdom of Bhutan has just recently sold about  367 Bitcoin, worth around $33.5 million, through Binance. Arkham Intelligence says that the transfer took place exactly  at 12:06 a.m. UTC. Bitcoin’s price was high, above $90,000 at that time. Two weeks earlier Bhutan had sold  $66 million worth of Bitcoin, that time it was just $70K which is still lot but after the elections BTC has really surged like never seen before.

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Overall Bhutan still has about 12,206 BTC, considering current price that amounts to about $1.11 billion. These Bitcoins holdings are managed by Druk Holding & Investments. Bhutan seems to sell them strategically so as to make as much profit possible. The recent rally of Bitcoin was the right moment for them to sell out some of the BTC and hence profit is all theirs.

Conclusion

Bhutan’s killing it as the 5th biggest Bitcoin-holding government, leveraging its hydro power energy source instead of seizures to mine BTC. Their high sell-strategy is attracting every major global organizations. Even the US. is thinking of creating a “Strategic Bitcoin Reserve” with recent buzz from Trump and Senator Lummis.

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