Author: Digicoinvision

A judge denies two brothers’ plea to dismiss crypto fraud charges after allegedly stealing $25 million from the Ethereum blockchain using an MEV bot. Why was their bid dismissed? Summary MIT-educated brothers Anton and James Peraire-Bueno face crypto fraud charges for allegedly stealing $25 million from ETH traders. Anton and James Peraire-Bueno manipulated MEV bots by luring trading victims in through ETH validators. According to a U.S. court document, District Judge Jessica Clarke has denied a motion to dismiss fraud charges aimed at Anton and James Peraire-Bueno, two MIT-educated brothers who profited $25 million by exploiting a vulnerability on the…

Key Takeaways Bitfarms’ purchase of 10% of its floating shares over a 12-month period led to a 26% stock gain. The company maintains its position as the sixth most valuable Bitcoin miner, with $22 million worth of BTC held. Bitfarms [TSE: BITF], a Bitcoin [BTC] mining company, has announced a corporate share buyback program, with a year-long extension from the 28th of July 2025, to the 27th of July 2026. The announcement states that the Toronto Stock Exchange (TSE) and possibly the Nasdaq Stock Exchange (NASDAQ) will supervise the program. Buyback opens door for “undervalued” assets The buyback program presents…

A new report from Glassnode has revealed a historically significant Ethereum level that could mark the start of an overheated phase if breached. Ethereum Is Moving Towards Active Realized Price In its latest weekly report, the on-chain analytics firm Glassnode has talked about some valuation models for Ethereum. The models in question are the Realized Price, True Market Mean, and Active Realized Price. Related Reading The first of these, the Realized Price, refers to the average cost basis or acquisition price of all tokens of the cryptocurrency that are currently part of the circulating supply. The other two models, the…

An amended class-action complaint filed in the Southern District of New York alleged that memecoin platform Pump.fun operated as a “front-facing slot machine cabinet” in extracting more than $5.5 billion from users through deceptive digital asset schemes.The lawsuit, filed on Wednesday, named Pump.fun’s operators, including pseudonymous developer Bernie, parent company Baton Corp., and infrastructure partners including Solana Labs, the Solana Foundation, Jito Labs and the Jito Foundation as defendants.The case accused them of engaging in a coordinated enterprise functionally similar to an “unlicensed casino,” relying on volatility and hype rather than disclosures or investor safeguards.“The structure mimics a rigged slot…

Bitcoin continues to hover below its all-time high, with current trading levels near $118,000 reflecting a 0.6% daily drop and a 3.8% pullback from the peak above $123,000 recorded earlier this month. While the broader trend remains uncertain, analysts have assessed on-chain activity for signs of the next major move. Recent data from CryptoQuant analysts highlights a divide between retail and institutional behavior across leading exchanges, raising questions about potential profit-taking or strategic accumulation. Related Reading Bitcoin Retail Traders Sell into Strength, While Whales Accumulate On the one hand, short-term holder (STH) behavior on Binance suggests some market participants are…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s recent price rally is being fueled by a significant structural shift in demand, according to a recent investor note from Bitwise Chief Investment Officer Matt Hougan. Since May 15, a surge in buying activity from exchange-traded funds (ETFs) and corporations has resulted in the acquisition of nearly 2.83 million ETH, valued at over $10 billion. This purchasing activity has outpaced new ETH issuance by a factor of 32, contributing to a supply-demand imbalance that analysts say could persist. Hougan explained that Ethereum’s price has climbed more…

Bank of New York Mellon and Goldman Sachs have launched a new service that can allow the latter to tokenize money market funds to institutional investors. By partnering with Goldman Sachs, BNY Mellon clients will be able to invest in funds whose ownership is documented on a blockchain by Goldman Sachs. This effort is part of an overall attempt to bring blockchain technology into the mainstream financial infrastructure. The project has been joined by several major asset managers, notably BlackRock, Fidelity Investments, Federated Hermes, and the asset management arms of both Goldman Sachs and BNY Mellon. Digitization of money market…

Former U.S. President Barack Obama was recently accused of colluding with members of his administration to fabricate what has been termed Russiagate, following a report alleging that Russia was involved in meddling with the 2016 presidential election. Prediction markets are already wagering on the possibility of his indictment. Polymarket Degens Believe Obama Won’t Be Indicted […]

An amended class-action complaint filed in the Southern District of New York alleges that memecoin platform Pump.fun operates as a “front-facing slot machine cabinet” in an enterprise that extracted more than $5.5 billion from users through deceptive digital asset schemes.The lawsuit, filed on Wednesday, names Pump.fun’s operators, including pseudonymous developer Bernie, parent company Baton Corp., and infrastructure partners such as Solana Labs, the Solana Foundation, Jito Labs and the Jito Foundation as defendants.The case accuses them of engaging in a coordinated enterprise functionally similar to an “unlicensed casino,” relying on volatility and hype rather than disclosures or investor safeguards.“The structure…

The Solana network increased its block capacity by 20% on Tuesday, raising the limit to 60 million compute units (CU) and plans to expand this further before the end of the year.Mert Mumtaz, co-founder and CEO of Helius, which provides infrastructure and tooling for Solana developers, said in an X post on Wednesday that the upgrade means the Solana network can now fit more transactions per block.“This capacity used to be 48 million CUs, meaning the sum total of all transactions for a given block must be around this number,” he said.The increase should result in “lower fees, given same…