Kanye West, also known as Ye, is rumored to have sold his X account to Barkmeta for $17 million, raising concerns due to Barkmeta’s history of crypto scams. Despite Ye’s denial of any ties to Barkmeta, suspicious activity surrounding the promotion of a meme coin linked to him has emerged, with analysts warning of potential rug pulls. Barkmeta’s involvement has intensified scrutiny, especially following the rapid collapse of a previous coin associated with Ye.
about Kanye West Denies Selling X Account Amid Barkmeta Crypto Scam AllegationsWestrock Coffee Company Common Stock
0 in Finance and 0 in Crypto last weekRising Threat of Crypto Scams and Recent Arrests in the UK
UK police have charged two men in connection with a six-figure crypto scam that defrauded a 75-year-old pensioner. The investigation, initiated after the victim reported the fraud in July 2024, highlights the growing prevalence of pig butchering scams, which have surged by 40% in revenue in 2024. Experts emphasize the need for increased vigilance among investors and robust protective measures from exchanges to combat these evolving threats.
about Rising Threat of Crypto Scams and Recent Arrests in the UKSolana Faces Negative Sentiment Amid Allegations of Meme Coin Misconduct
Sentiment towards Solana has turned negative following allegations of it becoming a “meme coin casino,” exacerbated by the recent Libra incident involving Argentine President Javier Milei. Analysts criticize the network for numerous rug pulls and insider trading claims linked to the meme coin platform Meteora. Despite a 15% price drop and declining fee burn, some believe Solana’s challenges are temporary, emphasizing its broader use cases beyond meme coins.
about Solana Faces Negative Sentiment Amid Allegations of Meme Coin MisconductMeteora Faces Fallout from LIBRA Scandal Amid Increased Trading Volume
Ben Chow, associated with Solana DEX Meteora, resigned following the LIBRA scandal, clarifying that Meteora’s role was limited to technical support and denying any personal financial misconduct. Co-founder Meow supported Chow’s integrity and announced an independent investigation by law firm Fenwick & West.Despite the controversy, Meteora experienced an 18.65% increase in trading volume, contrasting with significant declines at other Solana DEXs like Raydium and Orca, which saw drops of 39.16% and 41.42%, respectively. Speculation around insider trading may have driven this trading surge.
about Meteora Faces Fallout from LIBRA Scandal Amid Increased Trading VolumeMeteora Co-Founder Resigns Amid Financial Misconduct and Insider Trading Allegations
Ben Chow, co-founder of the DeFi platform Meteora, resigned amid allegations of financial misconduct and insider trading related to the LIBRA meme coin. Despite denying personal involvement, Chow expressed regret over his past associations and acknowledged a lack of judgment in his role. An investigation by an independent firm is set to follow as the project seeks new leadership.
about Meteora Co-Founder Resigns Amid Financial Misconduct and Insider Trading AllegationsJupiter and Meteora Under Investigation Amid LIBRA Token Controversy
Jupiter faces scrutiny over the LIBRA token launch amid allegations of insider trading linked to Meteora’s founder, Ben Chow, who has resigned. Jupiter denies any wrongdoing and has hired Fenwick & West for an investigation, promising transparency in the findings. Meanwhile, the company is taking steps to restore community trust, including a significant token burn and a recent airdrop.
about Jupiter and Meteora Under Investigation Amid LIBRA Token ControversyCo-Founder Resigns Amid Insider Trading Allegations in Crypto Token Scandal
Ben Chow, co-founder of Meteora, has resigned amid insider trading allegations following the collapse of the LIBRA token, which lost over 90% of its value shortly after launch. The fallout has led to fraud charges against Argentine President Javier Milei, who briefly endorsed the token, prompting an investigation into potential misconduct. Amidst the controversy, Meteora seeks new leadership while asserting it was not involved in insider trading activities.
about Co-Founder Resigns Amid Insider Trading Allegations in Crypto Token ScandalWest Virginia Proposes Bill for Digital Asset Reserves Amid Crypto Growth
West Virginia’s State Senator Chris Rose has introduced The Inflation Protection Act of 2025, allowing the state treasury to invest up to 10% of its funds in digital assets, primarily Bitcoin, which is currently the only eligible cryptocurrency meeting the $750 billion market cap requirement. This initiative reflects a broader trend among U.S. states exploring digital asset reserves to combat inflation and government deficits, with similar proposals emerging in Utah, Kentucky, and Michigan. A VanEck report suggests that state-level digital asset reserves could generate $23 billion in Bitcoin demand.
about West Virginia Proposes Bill for Digital Asset Reserves Amid Crypto GrowthVitalik Buterin’s Communism Tweet Sparks Outrage Among Ethereum Community
Vitalik Buterin’s ironic tweet, “make communism great again,” sparked backlash among Ethereum investors following the announcement of a new hire at the Ethereum Foundation. Critics expressed frustration over the foundation’s perceived inefficiencies and Ethereum’s underperformance compared to rivals like Bitcoin and Solana. The controversy highlighted tensions within the community, with some misunderstanding Buterin’s reference to “Degen Communism,” a concept advocating for using crypto for the greater good.
about Vitalik Buterin's Communism Tweet Sparks Outrage Among Ethereum CommunityJoy Villa showcases memecoin dress and political stance at Grammy Awards
At the 67th Annual Grammy Awards, Joy Villa made a bold statement by wearing a DOGWIFHAT $WIF memecoin dress and a red hat reading “The hat stays on,” symbolizing her support for President Trump and her views on cryptocurrency as a means of financial independence. Villa, who has faced backlash for her conservative beliefs, emphasized the importance of her faith and the need for America to embrace religious values while advocating for strict immigration policies. She criticized fellow celebrities for their stances on immigration, asserting that illegal entry into the U.S. is a crime.
about Joy Villa showcases memecoin dress and political stance at Grammy Awards