Shiba Inu whale holds 10% of SHIB supply, up 250,000x to $2.5B
The mysterious investor made an over 250,000-fold return on his initial investment of just $10,000, which is worth over $2.5 billion today. Go to Source
Cryptocurrencies
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Spot Bitcoin ETFs hit $1.7B weekly inflows, marking six-week streak
The latest inflows bring spot Bitcoin ETFs’ total net assets to $95.4 billion, or 5.27% of Bitcoin’s $1.8 trillion market capitalization. Go to Source
PEPE rallies 78% to new all-time highs as the memecoin market cap tops $116B
PEPE hits new highs following several major exchange listings. Go to Source
SEC chair doubles down on crypto stance under threat of Trump ousting
Gary Gensler did not say he would leave the SEC before Donald Trump took office but pointed to the commission’s record on crypto enforcement and approving ETFs. Go to Source
Italy scales back plans to hike crypto tax rate: Report
A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one. Go to Source
Republicans won the Senate, but 2 crypto races are still up for grabs
Democrat Ruben Gallego was leading in a race for Arizona’s Senate race, while Republican Sam Brown trailed in Nevada. Go to Source
Crypto-backed candidates notch more wins as House results trickle in
Either Republicans or Democrats could have control of the House of Representatives in 2025, but a majority of lawmakers favoring crypto policies will still be in Congress. Go to Source
After US election wins, the crypto industry looks to the 2026 midterms
Contributions from Coinbase and statements from executives suggested that crypto companies were likely to keep pouring money into future US elections. Go to Source
Pro-crypto Republicans win House seats as majority control still TBD
Jeff Hurd and Scott Perry, both in favor of FIT21, won close elections against their Democratic rivals for House seats in Colorado and Pennsylvania. Go to Source
Coinbase hit with $300M token listing allegations by Sun and Cronje
The rumors around the alleged listing fees could drive projects to decentralized trading platforms. Go to Source