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Cryptocurrency News Articles
Bitcoin Slides Below $89K to 3-Month Low as Nasdaq Futures Dip, Yen Sparks Risk-Off Fears
Feb 25, 2025 at 08:34 pm
Bitcoin fell below $89,000 as Nasdaq futures signaled further tech losses and a strong yen raised concerns of risk aversion similar to August 2024.
A token tied to a fake Sam Bankman-Fried account became the rug-pull of the day.
The scam started with the account “Comune Guardiagrele,” a small Italian city with a verified grey checkmark indicating it’s an official government or organization account, based on web results on identity verification.
Scammers probably hijacked or bought the account and changed the name to “@SBF_Doge" mimicking Sam Bankman-Fried (SBF), the disgraced crypto mogul jailed for the FTX fraud.
The account then launched a memecoin, likely tricking unsuspecting traders or bots into thinking it was legitimate due to the verification badge.
The memecoin’s market capitalization rose to $10 million before its creators pulled liquidity, crashing it to a $100,000 capitalization and pocketing fees and proceeds gained from the sale.
Disclaimer:info@kdj.com
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- Pump.fun's co-founder, Alon Cohen, recently shared insights about the platform's innovative approach to token creation
- Apr 08, 2025 at 12:10 am
- Despite the challenges the platform has faced, including a sharp revenue decline, Cohen remains optimistic about the future of both Pump.fun and the meme coin market.
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- Bitcoin mining stocks took a hit recently following the news that Microsoft will be delaying its data center expansion in the United States
- Apr 08, 2025 at 12:05 am
- With stocks of Bitcoin miners such as Bitfarms, Marathon Digital, and CleanSpark dropping by 4% to 12%, the Bitcoin price also took a hit.
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- APOLLO: Permissionless Bitcoin Liquidity on Solana
- Apr 08, 2025 at 12:00 am
- Zeus Network has developed a permissionless framework that enables the free flow of Bitcoin between the Bitcoin and Solana networks. This marks a new chapter in the field of Bitcoin Finance (BTCFi), providing Bitcoin holders with a modern, decentralized way to use it.
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- Strange sights were seen as India recently concluded MahaKumbh, a Hindu congregation that occurs once every 144 years.
- Apr 07, 2025 at 11:55 pm
- Every day, a man took dips at Sangam — the triple confluence of rivers Ganga, Yamuna and Sarasvati — with several passport-sized photographs offering “Digital Snan,” symbolizing digital nectar baths.
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- Intensifying Bitcoin Downtrend
- Apr 07, 2025 at 11:50 pm
- Falls Below $75000 in 5 Months
