Chinese crypto whale "Hulezhi" burns over 2K ETH, accuses Kuande Investment of brainwashing
In the latest crypto news today, the industry is abuzz with the revelation of an pseudonymous user named Hu Lezhi, who sent 603 ETH ($1.6 million in value) to the Ethereum burn address on Monday with a message accusing Kuande Investment CEOs, Feng Xin and Xu Yuzhi, of brainwashing their employees with technology. Burning of tokens implies sending them to crypto addresses where the sender or any other person can't ever access them again. (Source)
The Chinese crypto whale Hu Lezhi also made large donations totaling 1,950 ETH to various addresses, including WikiLeaks and Ukraine.
The incident has sparked community reaction on social media platforms, with crypto users investigating the sender’s wallet activity. Solana-based meme coins emerged in response to the events.
What is a memecoin supercycle: real or a reality check?
Is the memecoin supercycle real? Instead of being an idealized take on how liquidity in the crypto market will flow, the concept of a memecoin supercycle has recently gained traction as crypto traders eagerly anticipate the idea of a memecoin bull market driven by memecoin excitement. The data seems to back this theory too, as the crypto market has witnessed a steady rise in memecoin adoption in recent months as traders choose to purchase and hold onto digital assets inspired by internet culture and memes. Does the memecoin supercycle theory hold weight or is it just another crypto supercycle reality check for bullish traders?
23 مايو 2025
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LayerEdge (EDGEN) Airdrop: How to Claim and Why It Matters for Web3
Introduction: LayerEdge and the $EDGEN Airdrop Opportunity LayerEdge, a decentralized Web3 infrastructure project, is making waves in the blockchain ecosystem with its innovative approach to cross-chain data processing and modular scalability. As part of its growth strategy, LayerEdge has launched an exciting $EDGEN token airdrop campaign, offering early adopters and contributors a chance to claim rewards for their engagement. With the claim window officially opening on June 2, 2025, this initiative is a key milestone for the project and its community.
9 يونيو 2025
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Ethereum, Solana, and XRP: Cryptos Poised to Outperform Bitcoin in 2025
Introduction: Bitcoin’s Spotlight and the Rise of Altcoins Bitcoin (BTC) has been the dominant force in the cryptocurrency market, recently hitting a new all-time high of $112,000 on May 22, 2025. However, as the second half of the year unfolds, attention is shifting to three altcoins—Ethereum (ETH), Solana (SOL), and XRP—that are showing signs of outperforming Bitcoin. These tokens are gaining traction due to technological upgrades, regulatory developments, and unique use cases that could drive their value higher.
9 يونيو 2025
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Pi Network Price Prediction: Can Mainnet Rollout and User Growth Drive a Breakout?
Pi Network Price Prediction: A Project at the Crossroads As the cryptocurrency market continues to evolve, Pi Network (PI) has emerged as a focal point for traders and analysts, with its price movements and ecosystem developments sparking intense debate. With the token trading at $0.73 as of June 5, 2025, Pi Network’s future hinges on critical milestones, including its mainnet rollout, user adoption, and ecosystem growth.
9 يونيو 2025
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Circle's Explosive IPO: Stablecoin Giant Surges 167% in NYSE Debut
Circle’s IPO Marks a Milestone for Crypto Companies Circle Internet Group, the issuer behind the USDC stablecoin, made a historic debut on the New York Stock Exchange (NYSE) on June 5, with its shares skyrocketing 167% during the first trading session. The IPO, which raised nearly $1.1 billion, signals growing investor appetite for stablecoin-focused businesses and sets a precedent for other crypto companies eyeing public listings.
9 يونيو 2025
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James Wynn’s $25M Bitcoin Liquidation: A Cautionary Tale for Leveraged Traders
James Wynn’s $25M Bitcoin Liquidation: What Happened? In the high-stakes world of cryptocurrency trading, James Wynn has once again made headlines—this time for losing $25 million in a leveraged Bitcoin position. Known for his audacious trades, Wynn’s latest gamble involved a 40x leveraged long position on Bitcoin, which was liquidated after the market turned against him. The fallout wiped out 240 BTC, valued at approximately $25 million, and left Wynn exposed to further losses.
