Ethereum News Daily Official TheBitTimes.com

Burwick Law has now named Solana Labs and Jito Labs as defendants in its lawsuit against Pump Fun, accusing the pair of acting as “architects” and “coconspirators” in the memecoin platform’s fraudulent casino enterprise. The new lawsuit was filed on Tuesday, a month after Judge Colleen McMahon ordered Burwick to merge two of its Pump Fun lawsuits into the wider-scope Diego Aguilar case.  All the usual Pump Fun defendants are listed, but now the Solana Labs/Foundation, Jito Labs/Foundation, along with various executives, including Jito CEO Lucas Bruder and Solana Labs CEO Anatoly Yakovenko, are included.  The amended suit accuses both crypto firms of knowingly facilitating Pump Fun’s “illegal gambling and money transmission” enterprise and claims the pair “ are not bystanders to fraud ,” but rather the “architects, beneficiaries, and coconspirators,” of fraud. Burwick Law’s chief is running for NYC mayor Read more: Pump Fun co-foun...

Even as Solana reels from the $LIBRA scandal, its first Layer-2 chain Solaxy ($SOLX) is amassing funds as its presale surpasses $22.7 million. In just the past three days, Solaxy has seen over $700,000 worth of new $SOLX buys, which Solana fans may see as their only hope for the network to break its January peak. A meme coin revival could be triggered if the alliance of Solana bulls resumes buying activity and reignites Pump.fun, whose daily volumes have dropped by 43.37% since last week. It’s a cascading effect, and the force is strong with those backing Solaxy in its current presale stage, where the price is set at $0.001642 per token for the next 35 hours. Investors Vent Anger At Solana And Pump.Fun Over the past seven days, $SOL has plummeted by 10.4%, extending its losses to 40% from its all-time high (ATH) just over a month ago. Of course, the rise to its peak price was set in motion by U.S. President Donald Trump’s meme coins....

A Coinbase user says that the crypto exchange nearly scuppered his dream wedding after it placed restrictions on his account that would have prevented him from paying for his first-choice venue. CoinDesk writer Griffin McShane claimed yesterday on X that his wedding was placed in jeopardy after Coinbase froze his deposit withdrawals and placed restrictions on his account for two months.  McShane tagged Coinbase and said, “Please explain to me how blocking access to my account for two months is protecting me because I can’t get any support information or support from your support team.” Hey @brian_armstrong, Can you tell my fiance that we can't get married at the venue we picked because @coinbase: – refused to let me withdraw my deposit – won't let me access my funds for another 2 months I've had the same bank account since I first got into crypto with… pic.twitter.com/bYfqSZNpuG — Griffin McShane (@US_SupremeShort) January 16, 2025 Coi...

One of yesterday’s trending news stories on X was a supposed reminder that today, September 30, would be the day that FTX bankruptcy creditors would receive approximately $16 billion. Like many breaking headlines on X, however, that is entirely untrue. Posts about the supposed payouts and the ostensible distribution of FTT liquidity earned hundreds of thousands of impressions and thousands of likes. Undeterred by fact checks, traders bid up the price of FTX’s proprietary token, FTT, from less than $1.40 on Saturday to a high of $2.71 on Sunday. Although FTX’s bankruptcy estate has announced plans to make distributions during the fourth quarter, there are no distributions happening this week. The next earliest date that distributions could occur would be after the bankruptcy plan confirmation hearing on October 7 in the US Bankruptcy Court for the District of Delaware. $FTT pumped 115% in the last 24 hours   The reason behind this pump is that a news started to come that #FTX dist...