BNB Chain’s memecoin rally unraveled after Binance launched “Meme Rush,” exposing liquidity gaps and wallet concentration risks. Is the memecoin season over? Key takeaways: Binance’s new “Meme Rush” launchpad promotes fair launches but triggered a sell-off as traders await new launches. A single wallet controlled large token amounts, fueling manipulation concerns and steep price declines. Read more
The so-called Bitcoin Jesus was charged with tax evasion in April 2024, years after he renounced his US citizenship. Bitcoin advocate Roger Ver, known to many in the crypto industry as “Bitcoin Jesus,” has reportedly reached a deal with the US Department of Justice that could allow him to avoid prison time. According to a Thursday New York Times report, Ver’s lawyers reached a tentative agreement with US authorities that would require the Bitcoin (BTC) advocate to pay $48 million in taxes he owed from his crypto holdings. The Justice Department charged Ver with mail fraud and tax evasion in April 2024, seeking to extradite him from Spain to stand trial. The New York Times reported that Ver has ties with figures connected to the administration of US President Donald Trump, including hiring lawyers who previously worked for the president. He also reportedly paid $600,000 to political consultant Roger Stone, a Trump adviser, to lobby for changes to US tax laws. Read more
The change in rhetoric followed a US dollar-pegged stablecoin boom in 2025 due to the passage of key legislation in the United States. The European Union should foster the development of euro-denominated stablecoins to compete with US dollar-denominated tokens, according to Pierre Gramegna, the managing director of the European Stability Mechanism (ESM), an economic crisis organization for the EU. “Europe should not be dependent on US dollar-denominated stablecoins, which are currently dominating markets,” Gramegna said at Thursday’s hearing about the overall economic health of the eurozone, which included commentary on digital assets. He also said: Paschal Donohoe, the president of the Eurogroup, agreed on the need for financial innovation, but also said that the digital euro, a central bank digital currency (CBDC), could still be a net positive for commerce in the region. Read more