While Elon Musk is launching rockets, his father Errol is catapulting a dubious memecoin. The goal? 200 million, a few family scandals, and a nice dose of crypto chaos.
A class action lawsuit has been filed against Pump.fun, the memecoin creation platform on the Solana blockchain, accusing it of selling unregistered securities and promoting "pump-and-dump" schemes. The complaint, filed on January 30, 2025, in a federal court in New York by Diego Aguilar, alleges that all cryptocurrencies issued on Pump.fun are "unregistered securities", representing an evolution of Ponzi schemes and pump-and-dump! The platform is said to have generated nearly 500 million dollars in fees related to these activities.
Caitlyn Jenner, Iggy Azalea and other celebrities have launched cryptographic tokens, causing sharp rises followed by dramatic falls.
The deceptive calm of the Bitcoin market can, in an instant, turn into an unpredictable financial whirlwind. Recently, a malicious tweet set off a powder keg, causing the precarious stability of BTC to wobble. The Twitter account @SECGov was compromised, spreading fake news about the acceptance of Bitcoin spot ETFs. The SEC had to step in to restore the truth, but the damage was done: Bitcoin experienced an hour of speculative frenzy.
The year 2023 came to a close with some unexpected events for the crypto community. Just yesterday, the native token of the Tellor Tributes protocol came under the spotlight by experiencing a fleeting bull run before collapsing. This situation was nonetheless pleasing to the whales. Let's take a tour!