Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand

Justin Sun, the founder of cryptocurrency platform TRON, is making waves by publicly backing Donald Trump—with a $100 million investment in a Trump-themed meme coin (TRUMP). This puts him in direct opposition to Elon Musk, who’s been more critical of Trump recently. It’s a high-stakes clash between two billionaire tech figures, but this time, it’s playing out in the weird, wild world of crypto-politics.

Editor’s Note: This isn’t just about money—it’s about influence. Sun’s move signals how crypto is becoming a tool for political posturing among tech elites. Musk and Sun have very different visions for the future, and their rivalry could shape how crypto intersects with global politics. Plus, meme coins? Now they’re part of the game too. Buckle up.

Bitcoin just smashed its previous record, hitting a jaw-dropping $118,254—up 10% in a week and nearly 6% in a single day. Behind the scenes, miners and traders are scrambling to capitalize on the surge, with leveraged bets and mining activity heating up. It’s not just a number; it’s a signal that the crypto ecosystem is buzzing with action.

Editor’s Note: This isn’t just another price jump—it’s a psychological milestone that could fuel even more volatility and speculation. For miners, higher prices mean bigger rewards, while traders are likely doubling down on risky bets. Whether you’re in crypto or just watching, this move could ripple through markets, affecting everything from altcoins to regulatory chatter. Buckle up.

The final status conference hearing for the Tornado Cash case wrapped up virtually, with the judge dropping some key hints about where things might be headed. While the details are still under wraps, the tone of the hearing suggests the court is leaning toward a decisive ruling soon—one that could set a major precedent for privacy tools in crypto.

Editor’s Note: Tornado Cash isn’t just another crypto case—it’s a litmus test for how regulators treat privacy-focused tech. If the ruling goes hard against it, other anonymity tools could be next. For crypto users, this isn’t just legal drama; it’s about whether privacy survives in decentralized finance.

Akon’s ambitious vision for a cryptocurrency-powered utopia in Senegal—dubbed "Akon City"—has officially been scrapped. The project, which promised futuristic infrastructure and a blockchain-based economy, faced years of delays, funding issues, and skepticism. Despite flashy renders and high-profile announcements, the dream of a real-life Wakanda with its own digital currency (Akoin) has collapsed.

Editor’s Note: This isn’t just about a celebrity-backed project failing—it’s a reality check for the hype around crypto utopias. Akon City was a symbol of how grand, tech-driven visions can fizzle when they clash with real-world logistics, regulation, and financial hurdles. Its demise raises questions about other high-concept crypto projects: Are they revolutionary, or just marketing? For Senegal, it’s a missed opportunity for economic innovation, but also a lesson in balancing ambition with execution.

Big-money investors (aka "whales") are piling into XRP like never before, with their numbers hitting record highs just as the token's price surges 10%. Market analysts see this as a strong vote of confidence in the cryptocurrency's momentum.

Editor’s Note: When deep-pocketed investors make big moves, it often signals where the market thinks a crypto is headed. XRP's whale activity suggests growing optimism—but as always in crypto, what goes up fast can swing back just as quickly. This matters because whale movements can foreshadow broader price trends, making everyday traders pay attention.