Features Crypto News by Thebittimes.Com

Former Binance CEO Changpeng Zhao, aka CZ, denied a report by the Wall Street Journal (WSJ) that the Trump family had sought to buy a stake in the US arm of Binance, while saying he’s open to a presidential pardon. ”Sorry to disappoint,” CZ wrote in a March 13 post on X. ”The WSJ article got the facts wrong.”  The WSJ cited sources familiar with the matter as saying the Trump family had held talks with representatives of Donald Trump’s family last year to acquire a stake in Binance.US , the US business of the world’s largest crypto exchange, At the same time, it added, billionaire Binance co-founder CZ has been ”pushing for the Trump administration to grant him a pardon.” CZ Hits Back At WSJ Report CZ hit back at the WSJ in his post on X, saying its article is a politically motivated “attack on the President and crypto.” He added that the “residual forces” that were responsible for the “war o...

After Donald Trump announced that the US crypto reserve will hold a basket of digital assets, including the overwhelmingly pre-mined and insider-allocated XRP, researchers started looking for blockchain evidence of insider trading. Curiously, they found that addresses activated by Chris Larsen and other Ripple insiders unlocked 1 billion XRP tokens over the weekend and transferred $140 million to the Bithumb crypto exchange.  Moreover, previously dormant addresses activated by the Ripple co-founder still hold approximately $7 billion worth of XRP, according to forensic journalist ZachXBT. Despite the size of these wallets, it’s not clear whether Larsen still owns all of these tokens without encumbrances, nor is it clear that any Ripple co-founder or ICO investor has sold amid Trump’s announcement. Movements of coins to exchanges can be, but are not necessarily, an indication of intent to sell. Exchanges typically commingle customer funds and prevent the tracing of sub...

The Su Zhu and Kyle Davies-backed crypto exchange OXFUN claims it has suffered an “oracle manipulation attack” at the hands of a user spreading “coordinated FUD” about insolvency.  OXFUN accused JefeDAO of aggressively selling Dave Portnoy’s JAILSTOOL memecoin after depositing $1 million worth of USDC. It claims that JefeDAO pushed the market low and closed his short positions as low as 0.0034 during the “attack.” Good morning OXFUN. Over the past months, OXFUN has focused on becoming a premier and trusted exchange for users to trade assets. It is heartbreaking to see a group of bad actors attempt to profit off of illegal market manipulation and then proceed to attempt to tarnish… — OX.FUN (@OXFUNHQ) February 24, 2025 OXFUN’s post also received a community note that accused the exchange of extortion.   Read more: Solana loses a third of its market cap — is memecoin season officially over? Today, OXFUN said, “This beh...

Top US crypto exchange Coinbase has added a red-hot memecoin to its roster of potential upcoming listings. In an announcement, Coinbase says that it has added MOG Coin (MOG) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins prior to them being listed. The announcement means the firm has determined the asset will likely be available for trading in the near future. MOG is trading for $0.000002414 at time of writing, up more than 8,776% in the last year. With a market cap of $944.5 million, Mog Coin is the 138th largest crypto project. MOG, which is available on both the Ethereum (ETH) and Base blockchains, is already listed on crypto exchanges such as Kraken, Gate, Bybit and Bitstamp. The project calls the digital asset “the internet’s first culture coin.” The name of the memecoin is derived from AMOG, which means the “alpha male of the group,” and its symbol is a “joycat....

Cryptocurrency exchange Coinbase has filed an amicus brief in support of Ripple Labs in the U.S. Securities and Exchange Commission (SEC) lawsuit over xrp. Coinbase’s support is seen as a significant step in the case given that the crypto exchange was among the first trading platforms to delist xrp following the SEC lawsuit. Coinbase Supports Ripple Against SEC The Nasdaq-listed cryptocurrency exchange Coinbase filed an amicus brief on Tuesday in support of Ripple Labs against the U.S. Securities and Exchange Commission (SEC). The regulator sued Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen over the sale of XRP, alleging that the crypto token is a security. Since the SEC lawsuit was filed, “multiple U.S. exchanges delisted XRP, causing its market value to decline by $15 billion, resulting in significant losses to Coinbase’s customers,” the counsel for Coinbase explained in the filing, noting: In the absence of a regulatory framework gov...