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Cardano’s short positions surge as bearish sentiment dominates. With key support at $0.92, can ADA regain momentum or face further decline?
Longtime Ethereum developer Eric Conner leaves the ecosystem, citing leadership misalignment, as Vitalik Buterin confirms major reforms in the Ethereum Foundation.
Despite a 14% price dip, Solana shows signs of bullish strength with rising investor demand and strong RSI trends pointing toward a potential rally.
A Texas court reversed Tornado Cash sanctions, ruling its immutable smart contracts aren't "property." TORN token saw a 150% price surge.
Telegram designates TON as its sole blockchain partner, streamlining crypto operations while addressing security concerns and user trust.
Trump’s token became the fastest-growing memecoin in history, rocketing to a market cap of $13 billion.
Bitcoin "Choppiness Index" data is hinting at a dramatic return to trend for BTC price action.
- 09:02South Korean Court Acquits Former Wemade CEO in Wemix CaseAccording to ChainCatcher, citing a report from Cointelegraph, the Seoul Southern District Court ruled on Tuesday that former Wemade CEO Jang Hyun-guk was not guilty of manipulating the circulation of WEMIX tokens. Prosecutors had accused him of concealing the continued sale of over $200 million worth of tokens in 2022, but the court found insufficient evidence of intentional market manipulation. Following the news, WEMIX saw a short-term surge, but it remains down about 97% from its 2021 peak.
- 08:52South Korean Court Acquits Former Wemade CEO of WEMIX Manipulation ChargesAccording to a report by Jinse Finance, a South Korean court has acquitted Jang Hyun-guk, former CEO of blockchain gaming company Wemade, of charges related to manipulating the circulation of the WEMIX cryptocurrency. Prosecutors alleged that Jang Hyun-guk had falsely announced a suspension of WEMIX token liquidation in order to stabilize its price and boost investor confidence in the asset. However, the court found no clear evidence indicating an intent to manipulate the market. Prosecutors also claimed that under Jang Hyun-guk’s leadership, Wemade unfairly sold over $200 million worth of WEMIX tokens on the market between February and October 2022, without complying with South Korea’s Capital Markets Act disclosure requirements. The company was also suspected of using these tokens to invest in external funds and obtaining stablecoin loans with Wemix as collateral.
- 08:46US June CPI Data to Be Released Tonight at 8:30 PM, Expectations Point to Broad-Based IncreaseAccording to ChainCatcher, citing Jinshi Data, the US June CPI will be released tonight at 20:30, with expectations for a broad increase in the data. Several officials have previously warned that inflation may rebound starting this summer. If the data confirms the transmission effect of tariffs, the Federal Reserve's rate cut in September may not materialize, which could lead to significant market volatility.