Author: John Smith
Key Takeaways The bill proposes that if a user has not demonstrated any ownership interest in their crypto exchange account for more than three years, the state could take possession of those digital assets Covered actions that demonstrate ownership include making a transaction, depositing or withdrawing funds, accessing the account, or engaging in any behavior that reasonably signals knowledge of the property’s existence. California’s lower house has passed a law, allowing the state to seize crypto left unclaimed on exchanges for 3 years. The Assembly Bill (AB) 1052 was passed in the Assembly in a 78-0 vote on June 3.…
Cardano price has moved into a local bear market and is at risk of further downside as network activity and social dominance wane. Cardano (ADA) slumped to $0.668 at last check on Saturday — down by 22% from its highest point in May. It is hovering at its lowest point since May 6. On-chain metrics show that Cardano may be on the verge of more downside. Santiment data shows its social dominance score has moved to 0.792%, down from 1.8% in May. This metric means that fewer people are discussing Cardano on social media platforms like X and Reddit. Another…
Key Takeaways WLFI issued a cease-and-desist letter to Fight Fight Fight, the entity behind the TRUMP memecoin and a newly announced TRUMP Wallet WLFI accuses the firm of developing an unauthorised wallet and demands an immediate halt to its activities. In an interesting development, World Liberty Financial (WLFI), a crypto platform with close ties to the U.S. President Donald Trump and his family, has issued a cease-and-desist letter to Fight Fight Fight, the entity behind the TRUMP memecoin and a newly announced “TRUMP Wallet.” Levelling serious allegations, the letter accuses the firm of developing an unauthorized wallet and demands an…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Trump–Musk feud shakes markets as Tesla drops, crypto hit; investors brace for fresh waves of uncertainty. A public feud between Donald Trump and Elon Musk just rattled global markets. The two titans clashed over Trump’s “One Big Beautiful Bill,” with Musk publicly blasting the policy for threatening economic stability. Trump, never one to back down, responded by hinting at halting government support for Musk-linked ventures like SpaceX and Tesla. Within hours, Tesla shares nosedived, and the ripple effect slammed…
Ethereum price may be on the verge of a bullish breakout to $4,000 after forming a bullish flag and a golden cross pattern, and as the iShares Ethereum ETF nears a crucial milestone. Ethereum (ETH) was trading at around $2,500 at last check on Saturday — higher than this week’s low of $2,380. A potential catalyst for ETH is the ongoing exchange-traded fund inflows, which have surged in the past few weeks. SoSoValue data shows that these funds have added substantial inflows in the past three weeks. They added $25 million on Friday, the 15th consecutive day of gains, bringing…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP holds strong above 200-EMA as Dogecoin and UNIL rally; UNIL presale tops $2.4m amid rising DeFi interest. Despite the recent market downturn, the XRP price hovers above the 200-EMA, while the Dogecoin price begins a comeback. With an overall market rally anticipated in the coming days, DOGE and Unilabs Finance (UNIL) are bullish waves not to miss — top DeFi coins to invest in. Priced below $1, Dogecoin and UNIL are not only pocket-friendly; they are also high-potential…
Despite mounting pressure for regulatory clarity, the Reserve Bank of India remains firmly opposed to cryptocurrencies, citing risks to monetary policy and financial stability. RBI Governor Sanjay Malhotra reaffirmed the central bank’s stance even as a government committee reviews policy options and the Supreme Court presses for clearer guidelines. The tension highlights India’s ongoing regulatory deadlock, where legal, judicial, and financial forces continue to clash over the future of digital assets. Malhotra underlined during a news conference following the announcement that the RBI is still concerned about the possible threats that cryptocurrencies could pose to monetary policy and financial stability.…
Avalanche price rose for two consecutive days as investors bought the recent dip, and weekly transactions jumped. Avalanche (AVAX) token rose to $20.65 on Saturday, June 7, up by 12% from its lowest point this week. Third-party data shows that Avalanche’s network is doing well as it became the fastest-growing one in the industry this week. According to Nansen, Avalanche handled over 5.2 million transactions in the last seven days, a 112% increase from a week earlier. This increase happened as the number of active addresses jumped by 23% to 283,163. Avalanche’s fees jumped by 193% to almost $200,000. The…
Pepe coin price retreated this week as whales continued selling and the crypto market sell-off intensified. Pepe (PEPE), the second-biggest meme coin on Ethereum (ETH), plunged to a low of $0.00001043, down by 36% from its highest point in May. This decline happened as Bitcoin (BTC) and most meme coins plunged because of profit-taking and geopolitical issues. Pepe’s crash also happened as whales continued exiting their positions, signaling that they expected the downtrend to continue. The supply held by whales has dropped to 137.4 trillion, down from the year-to-date high of 166 trillion. Their holdings have fallen to the lowest…
In a move that underscores the strategic value of Hong Kong’s regulatory autonomy, Beijing has established its first formal process for liquidating confiscated cryptocurrencies—tapping into Hong Kong’s licensed exchanges to offload digital assets seized in criminal cases. The arrangement highlights the stark policy divide between mainland China’s hardline anti-crypto stance and Hong Kong’s ambitions as a digital asset hub. It also offers a practical solution for Chinese authorities to convert seized crypto into fiat currency without breaching domestic restrictions. According to a local report from Tech In Asia, Beijing’s Public Security Bureau established a disposal framework that involves collaboration with…