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Memecoin platform Pump Fun has made further additions to its legal team as it gears up to fight a lawsuit brought by legal firm Burwick Law.  Legal filings from last Thursday and back in May revealed that Brown Rudnick’s Daniel L. Sachs and Kyle P. Dorso have been named as counsel. They join Stephen D Palley, chair of Brown Rudnick’s Digital Commerce Group, in representing Baton Corporation, Pump Fun’s parent company. Pump Fun co-founder Dylan Kerler linked to 2017 ICO scams, report Read more: Burwick Law founder likely behind Pump Fun memecoin, report According to Brown Rudnick, Sachs is a specialist in “white collar” defense and has worked as counsel for the Securities and Exchange Commission, where he led securities fraud investigations .   Sachs has also helped defend Shaquille O’Neal in an NFT securities class action lawsuit and represented Mark Cuban and the Dallas Mavericks in a lawsuit related to their promotion of Voyager Digital.  ...

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A new report, titled MEV and the Limits of Scaling , explores the vast volume of MEV spam offsetting improvements in blockchain throughput. Effects of the extra traffic include higher fees for users of popular Ethereum “layer-two” (L2) scaling networks. Similar trends on Solana and other L2s led Flashbots to do their own deep dive into rollups built via the OP Stack (Optimism, Base, Unichain, and World). The findings show how spam transactions take up a significant portion of available blockspace whilst paying disproportionately lower fees for doing so. Today, we introduce a new thesis: MEV has become the dominant limit to scaling blockchains. Spectacularly wasteful onchain searching is starting to consume most of the capacity of most high-throughput blockchains. This is a market failure we can no longer ignore. pic.twitter.com/c92S3Sjznh — @bertcmiller ️ (@bertcmiller) June 16, 2025 Read more: DeFi trader hit by MEV attack swapped 440K USDC for jus...

Strategy (formerly Microstrategy) and BlackRock currently hold the largest known institutional Bitcoin (BTC) positions, now neck-and-neck in their holdings. According to the latest data, Strategy (NASDAQ: MSTR) has accumulated approximately 592,100 BTC worth over $63.3 billion at press time, while BlackRock controls 669,523 BTC valued at approximately $71.41 billion through its iShares Bitcoin Trust (IBIT). Strategy has acquired 10,100 BTC for ~$1.05 billion at ~$104,080 per bitcoin and has achieved BTC Yield of 19.1% YTD 2025. As of 6/15/2025, we hodl 592,100 $BTC acquired for ~$41.84 billion at ~$70,666 per bitcoin. $MSTR $STRK $STRF $STRD https://t.co/n7q77DmqCY — Michael Saylor (@saylor) June 16, 2025 Strategy’s latest disclosed purchase involved acquiring 10,100 Bitcoin for $1 billion at an average price of $104,080 per coin. The purchase occurred during market volatility triggered by escalating Israel-Iran tensions, as Bitcoin dropped from $110,000 t...

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The Bitcoin market briefly slid below $103,000 after reports of Israeli air strikes on Iran, yet buyers quickly emerged and buoyed the price back towards $106,000. In an update on X, analytics outfit Material Indicators argued that a collapse to fresh lows looks improbable, although a sustained move higher may have to wait until the Federal Reserve’s next policy meeting. Reinforcing the upbeat tone, research led by Andre Dragosch of ETC Group found that Bitcoin typically rebounds, and often surpasses its pre-shock price, within roughly 50 days. Crypto market data daily view. Source:  CoinMarketCap However, Bollinger Bands creator John Bollinger has a different view. In a post on X, Bollinger said that Bitcoin has completed three pushes to a high after forming the “W-shaped” double bottom near $75,000. During a discussion on the post, Bollinger added that three pushes to a high “means the end of the prior trend,” which could be followed by a “reversal or a co...

Ethereum (ETH), Solana (SOL) and Dogecoin (DOGE) took the heaviest hits after Israel’s air strikes on Iran’s nuclear and ballistic missile sites rattled markets. The crypto market slumped 4% overall after Israel’s attacks prompted Iran to launch drone strikes in retaliation. Supreme Leader Ayatollah Ali said Israel would ”pay a very heavy price.” Prime Minister Netanyahu: "Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel's very survival. This operation will continue for as many days as it takes to remove this threat." pic.twitter.com/3c8oF1GCYa — Prime Minister of Israel (@IsraeliPM) June 13, 2025 Crypto Fear And Greed Index Slides 10 Points As Bitcoin Tumbles Solana led losers among the top 10 cryptos with an 8.4% plunge, followed by Ethereum (7.7%), and Dogecoin (7.6%). Bitcoin tumbled 2.4% to trade at $105,046 as of 4:10 a.m. EST after slumping to an intraday low o f...

BlackRock crypto buy activity has hit record levels with over $400 million invested in Bitcoin and Ethereum, signaling massive institutional confidence. This strategic move by the world’s largest asset manager could trigger XRP and Ethereum price predictions toward triple-digit returns as retail investors follow whale-sized institutional money into digital assets right now. Also Read: Ripple Price Prediction: $8 XRP Rally as Ondo Launches on XRP Ledger Why BlackRock’s Bet on XRP & Ethereum May Triple Your Returns Source: Reuters The BlackRock crypto buy strategy involves $336 million in Bitcoin through IBIT and an additional $80.6 million in Ethereum, creating momentum that typically benefits related cryptocurrencies like XRP. When institutional giants make such moves, retail markets often follow within weeks. When BlackRock filed for IBIT, the price was $30k and the stench of FTX was still in air. It's now $110k (a return that is 7x that of the mighty S&P 500) and is n...

Network transactions on Shibarium have jumped by 54% making the blockchain buzzing with activities. The layer-2 blockchain running on top of the Ethereum network is seeing a massive surge in daily transactions. As of Wednesday, Shibarium has generated 4.63 million transactions and jumped 7,154% in just five days. It has created 11 million blocks and is now among the widely used blockchains in the ecosystem. Will Shibarium’s usage propel Shiba Inu (SHIB) in the charts? Let’s find out. Also Read: Can Shiba Inu Fall to $0? Shibarium Network Activity To Make Shiba Inu (SHIB) Surge in Value? Source: bitcoinmagazine.com The brimming network activity on Shibarium propelled Shiba Inu to climb nearly 2% on Wednesday. That’s an average spike even on any given normal day when the markets are not under pressure. SHIB went from a low of $0.00001299 to a high of $0.00001345 during Wednesday’s trading session. Also Read: Shiba Inu: AI Predicts SHIB Price For June 15, 2025 Sourc...

The non-fungible token market, which took the crypto world by storm in the early 2020s but plunged significantly three years later, is gradually maturing and quietly shifting from being a speculative digital assets market to an essential digital infrastructure. The TON is one of the key players making the non-fungible token market great again. TON has emerged as the second most active chain for NFT trading after Ethereum. TON Tops The NFT Market Chart TON, also known as The Open Network, is a decentralized layer-1 blockchain network designed for high performance. It enables a wide range of applications, including smart contracts, digital payments, and decentralized applications. The TON network focuses on scalability, efficiency, and security, offering a faster and cost-effective alternative to traditional blockchain networks. In the NFT market, TON is becoming one of the top chains for NFT activity, thanks to Telegram Collectible Gifts. Based on the data compiled by Dune Analytics,...

The cryptocurrency market seems to be rebounding from its recent slump. Bitcoin (BTC) has reclaimed the $109,000 mark and is inching closer to hitting $110,000 once again. BTC hitting $110,000 could lead to another market-wide rally. Ethereum (ETH) seems to be following BTC’s trajectory as well. ETH’s price has risen 7.5% in the daily charts, 2.5% in the weekly charts, 2.9% in the 14-day charts, and 6.2% over the previous month. Despite the turnaround, ETH’s price has fallen 26.7% since June 2024. Source: CoinGecko Cryptocurrencies Recover Amid Institutional Inflows Source: Watcher.Guru The latest crypto market rebound comes after increased institutional investments. According to Farside Investors’ data, BlackRock purchased $120 million worth of BTC for its IBIT spot Bitcoin ETF. The world’s largest asset manager had recently sold some of its BTC holdings to buy Ethereum (ETH). ETH’s rally could be due to increased investor sentiment. President Trump ...