Goliath Ventures Bankrupt After CEO's Fraud Arrest
Goliath Ventures has filed for bankruptcy following the recent arrest of its CEO, implicated in a fraud case.
Solana MEV Projects Accused of Wallet Drains
A security alert warns against three Solana MEV projects—Ocelli, VtexCrypto, and Dexmev—accused of draining user wallets.
Following the security alert, $SOL's price recorded a 0.9% decrease over the last 24 hours and a 5.3% decline over the past seven days.
Solana Foundation Accused of Faking On-Chain Metrics
The Solana Foundation faces accusations of manipulating on-chain metrics through alleged $USDC stablecoin minting and burning. Reports indicate the foundation mints and burns $USDC within minutes, a sequence observable on-chain. Critics claim this artificially inflates reported $USDC supply data, aiming to misrepresent genuine ecosystem growth and the network's true health.
$NAKA Token Plunges, Erasing Billions
The Nakamoto Bitcoin Treasury ($NAKA) token has plummeted, erasing $23.3 billion from its total market capitalization. This collapse means an initial investment of $100,000 in $NAKA would now be worth a mere $600.
Lummis Defends CLARITY Act; $XRP Ownership Cap Proposed
Senator Cynthia Lummis defended the CLARITY Act, rejecting criticisms and highlighting its DeFi provisions. Lummis stated revisions strengthen developer protections, calling it the “strongest protection” for DeFi. The Act is reportedly in its final stages.
The proposed legislation includes a 20% ownership cap, a provision that analysts suggest could significantly impact Ripple’s $41 billion holdings of $XRP. Such a cap would require Ripple to adjust its holdings if $XRP is classified as a “mature” asset under the act. Ripple CEO Brad Garlinghouse has indicated the CLARITY Act could “unlock U.S. Bank participation” in the crypto space.
Cardano CEO Charles Hoskinson alleges Ripple is advocating for the CLARITY Act to secure a special regulatory advantage for $XRP, potentially at the expense of other cryptocurrencies that could be labeled as securities.