Bitcoin has dropped out of the top 10 largest assets worldwide.
Its market capitalization fell to $1.52 trillion, pushing it down to 13th place in the global ranking of largest companies and assets, now trailing behind gold, silver, and all members of the "Magnificent Seven" β Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet, and Tesla.
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Its market capitalization fell to $1.52 trillion, pushing it down to 13th place in the global ranking of largest companies and assets, now trailing behind gold, silver, and all members of the "Magnificent Seven" β Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet, and Tesla.
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South Korean prosecutors charged 5 people behind the Solana meme coin CatFi over an alleged rug pull that caused around $600K in investor losses.
The case became the first application of South Koreaβs new crypto protection law against a meme coin scam.
Ironically, after the arrests became public, traders pumped the dead token nearly 6,000% in less than a day trying to βunrugβ it.
Crypto might be the only market where prosecution becomes a bullish catalyst.
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A hacker intercepted the SUPERFORTUNE (GUA) airdrop worth $15 million. The team said it was due to an address substitution in a multisig transaction.
Tokens meant for a contract were sent to the attackerβs wallet, which matched the original addressβs first and last four characters.
The attacker sold 14.98 million GUA, crashing the token price by over 75%.
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This move creates a path for one of the most liquid crypto asset market segments to operate within the US regulatory framework.
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The FBI seized over 127,000 BTC and assets worth more than $8 billion in Operation Blackout.
The crackdown hit an international scam network in Myanmar, Cambodia, Thailand, and the UAE. Around 300 suspects were arrested, and about 2,000 people forced into fraud were freed.
The FBI used Starlink to disable over 7,000 terminals that the groups used for communication.
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