Is Pump.fun's memecoin chaos going to result in a sea of criminal charges?
Description
The past 24 hours have not been pleasant for Bitcoin, seeing its value fall $5,000 over the course of the Nov. 25 daily candle as well as the biggest day of spot Bitcoin ETF outflows since the US election. The focus has shifted to the local floor and what will happen if the price drops below it. On the more positive side, MicroStrategy continues to stack the sats with another $5.4B purchase of Bitcoin! Elsewhere, Pump.fun's memecoin "freak show" may lead to criminal charges according to some legal experts, and Dogecoin futures open interest hits an all-time high, but is that good or bad for the price?
Further reading:
- Bitcoin price dip fails to squeeze leverage as $92.5K becomes ‘pivotal’
- Spot Bitcoin ETFs see $438M outflows — biggest since US election
- MicroStrategy expands Bitcoin holdings with $5.4B purchase
- Pump.fun’s memecoin freak show may result in criminal charges: Expert
- Dogecoin futures open interest hits all-time high — Is it a top signal for DOGE?
Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.
Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com
The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.
United States
