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 meme coin frenzy has erupted around “Broccoli” meme coins after former Binance CEO Changpeng Zhao, aka CZ, revealed his dog’s name in a post on X. Popular meme coin platforms such as Pump.fun and BNB Smart Chain’s Four.Meme have seen an influx of new tokens named after Zhao’s Belgian Malinois canine. CZ Says He Is Not Launching His Own Meme Coin While CZ appeared to be contemplating launching his own meme coin, he said in the Feb. 13 X post that he decided not to proceed. “I am NOT issuing a meme coin myself,” he said.  He added that it is up to the community whether they want to launch a token inspired by Broccoli or not. Broccoli's Story A year and a half ago, I casually chatted with a friend who owned a (real) zoo in Dubai. Curious, I asked what dog breed is adapted to the Dubai summer heat. I had no plans to get a dog. Later that evening, my doorbell rang, and a young Belgian Malinois showed… pic.twitter.com/vSLiHiS4f...