Memes Make Millionaires 💰

Republished By Plato

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Memes Make Millionaires 💰 PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Hello hello and welcome to another crypto news roundup from your friends at Coinigy.

It’s the meme season once again… and everyone’s in on the frenzy.

First, we started with Bonk, then Dogwifhat… now, it seems the market is tired of dog memes and cats are now doing numbers.

Just last week, MOEW launched and printed $2m for a trader…

I know right? You wish you got in early 😂… the good thing is that the bull market is just getting started.

So, here’s all the hottest news from last week.

Trader turns $13K into $2M within 1 hour as memecoin frenzy continues
Coinbase wins latest lawsuit on alleged securities violations
New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case
Ripple Is Creating a Stablecoin…but Why?

Trader turns $13K into $2M within 1 hour as memecoin frenzy continues

As told by blockchain analytics firm Lookonchain, the trader first purchased 499.9 million MOEW using 4 Ether 10 minutes after the listing of MOEW on decentralized exchanges (DEXs). Less than one hour later, the trader sold 111.65 million MOEW for 99 ETH ($328,000) and currently holds 388.24 million MOEW, worth $1.76 million at the time of publication.

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Coinbase wins latest lawsuit on alleged securities violations

With the Appeals Court ruling that the sales didn’t meet the criteria for securities, the main part of the plaintiff’s argument has been defeated, although the plaintiff’s said that the latest rulings were a step forward in making cryptocurrency exchanges more accountable.

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New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case

The civil verdict, handed down after a nine-day trial in Manhattan federal court, is a win for the US Securities and Exchange Commission as the regulator has unleashed a crackdown on the cryptocurrency sector. The SEC last year sued the collapsed stablecoin operator and Kwon for allegedly raising billions of dollars from investors by selling several interlinked digital securities, many of which were not registered with regulators.

Here’s the complete story.

Ripple Is Creating a Stablecoin…but Why?

Ripple plans to launch a stablecoin, pegged 1:1 to the US dollar, later this year. The US-based crypto and blockchain solutions provider will make the stablecoin available on XRP ledger, which it developed, as well as the Ethereum blockchain — both public permissionless ledgers — with plans to expand over time.

Here’s the full story