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President Donald Trump is facing mounting criticism over his “shady” crypto ventures, with House Democrats planning a walkout from a key crypto hearing as backlash builds ahead of his TRUMP token gala. Lawmakers argue Trump’s various ventures — including the TRUMP token, World Liberty Financial, and the USD1 stablecoin — pose potential conflicts of interest given his power to shape crypto regulation. Senator Elizabeth Warren has led the charge, accusing Trump of using the presidency to advance his family’s crypto empire. “The Trump family stablecoin surged to 7th largest in the world because of a shady crypto deal with the United Arab Emirates — a foreign government that will give them a crazy amount of money,” Warren said. “The Senate shouldn’t pass a crypto bill this week to facilitate this kind of corruption.” The Trump family stablecoin surged to 7th largest in the world because of a shady crypto deal with ...

Soneium, the Ethereum Layer-2 blockchain developed by Sony (NYSE: SONY), has finally launched its mainnet, revealing a controversial decision. The blockchain is reportedly censoring and “actively blacklisting” specific tokens such as memecoins and other alleged intellectual property (IP) violations. Since its first announcement in August 2024, Soneium is one of the most expected developments in the Ethereum ecosystem. This is because the Layer-2 blockchain belongs to Sony, a 78-year-old Japanese technology giant, with a strong market share worldwide. Until now, Sony’s blockchain had being running in a testnet, without any noticeable restrictions, thriving backed by a reputable brand. However, the mainnet launch, announced on January 13’s night (EST), officially introduced Soneium to the world under significant controversy. Picks for you St...

Hawk Tuah girl Haliey Welch has disappeared from the public eye and buyers of her viral HAWK meme coin filed a lawsuit against the parties directly involved in the Solana token’s launch. The last episode of Welch’s popular podcast Talk Tuah was aired on Dec. 3. She has since gone silent, with no new updates on social media, no new podcast episodes, and no word regarding her whereabouts. HAWK Soared To A Peak Market Cap Of $490 Million Before Plunging 93% Welch’s rise to fame came after she dropped what would go on to become her catchphrase “Hawk Tuah” in a video clip that went viral online earlier this year. She then capitalized on her internet fame by selling merchandise and launching her own podcast, which soared to the top of the Spotify podcast charts. To further capitalize on her popularity, Welch launched her own crypto token with the ticker HAWK on Dec. 4. The new Solana meme coin’s launch started strong, with HAWK’s market cap soar...