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Crypto memecoins have been decorated with dogs, cats and frogs, but we haven’t had a baby hippo until now.
The latest animal-themed memecoin to sweep crypto is MOODENG. The coin was inspired by viral internet sensation Moo Deng — whose name translates to “bouncy pig” — a two-month-old pygmy hippopotamus in Thailand’s Khao Kheow Open Zoo.
MOODENG marks the first memecoin token to hit a $200 million market cap in recent months.
The token was launched on Solana with the pump.fun memecoin maker, and is currently valued at a $255 million market cap with about $64 million in trading volumes in the last 24 hours. It’s now the 22nd largest memecoin by market…
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The Kingdom of Bhutan continues to mine millions of dollars in bitcoin.
Bhutan is currently generating anywhere from 55 BTC ($3.6 million) to 75 BTC ($4.9 million) every week from its mining operations.
The government utilizes mining pools including AntPool, Braiins and Foundry, according to on-chain data via Arkham Intelligence.
Bhutan operations are backed by access to cheap, clean hydropower, and by a reported $500 million closed-ended fund launched last May. The fund is in partnership with Bitmain spinoff Bitdeer, itself operated by Bitmain co-founder and former CEO Jihan Wu.
Read more: Bhutan’s investment arm invested millions in crypto, according to Celsius…
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The judge in the Tornado Cash case delivered an oral ruling today, rejecting both the Defense’s motion to compel discovery and their motion to dismiss the charges. This represents a massive setback for the Defense, and the judge’s reasoning may not bode well for developers and projects going forward.
Motion to Compel
The Defense’s motion to compel discovery sought to access a broad range of government communications, including exchanges with foreign authorities under the Mutual Legal Assistance Treaty (MLAT) and with domestic agencies like the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN). Citing Federal Rule of Criminal Procedure 16, the…
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