Caitlyn Jenner launched her JENNER Solana meme coin on Sunday through Pump.fun. Now, two days later, the Olympic gold medalist is claiming Sahil Arora, the promoter she worked with, owes her "lots of money." Arora claims to be well-connected with celebrities for whom he says he helped launch crypto projects. He said his client list includes actress Lindsay Lohan, rapper Soulja Boy, and former One Direction singer Liam Payne. However, there are many skeptics that claim Arora hurts projects more than he helps them. Jenner got in touch to say that the crypto promoter owed her a lot of money. “He has gone radio silent after showing a couple of wire transfers,” Jenner told reporters. About 60% of US cryptocurrency investors say they don’t understand blockchain technology, according to a recent survey. Language-learning company Preply surveyed 1,001 people living in the US about their knowledge, interest, and experience with cryptocurrency, finding that three in five respondent investors were unclear about the blockchain, the distributed database or ledger shared among a computer network’s nodes. The survey found that 35% of crypto investors who responded were not confident in their knowledge of crypto. The US District Court for the District of Utah has dismissed the SEC’s case against DEBT Box without prejudice and imposed over $1.8 million in fines against the watchdog for bad faith conduct. The fines, which come in the form of attorney fees and costs, follow sanctions against the SEC for misrepresentations made to obtain emergency ex parte relief. The court granted the SEC’s motion to dismiss the current case without prejudice, which will allow the agency to file a future related case in the same court before the same judge. DEBT Box and other defendants had argued that the case should be dismissed with prejudice to prevent the SEC from pursuing further enforcement actions against the firm. However, the firm said the ruling was a positive development. Luxor Technology and Bitnomial launched the first fully regulated Bitcoin mining derivative product for trading in the US on May 28. The new product — dubbed Bitcoin Hashrate Futures — aims to increase liquidity and transparency while reducing counterparty risk for market participants. Hashrate Futures, trading under the ticker $HUP, allow miners to hedge their revenue and give investors a new way to access the Bitcoin mining market. Each contract represents 1 petahash (PH) and has a monthly duration. Settlement uses Luxor’s Bitcoin Hashprice Index, which tracks the value of hashrate, a digital commodity central to the contracts. The number of blockchain addresses transacting in Pepecoin (PEPE) has exploded over the last month, more than doubling over the past 30 days amid the top Ethereum meme coin’s recent SEC validation and subsequent surge in price. Daily active addresses holding PEPE have increased 230% to 9,830, according to data from IntoTheBlock. That growth outpaced other meme coins, such as Floki, which still saw daily active addresses jump 179% during that span. Meanwhile, the daily number of active addresses for Dogecoin had increased 10% to 53,000. Built using the ERC-20 standard from Ethereum, both tokens exist on the network as assets that trade on little more than vibes. In light of the approval of spot Ethereum ETFs, however, the price of Pepecoin and Floki have each jumped more than 27% in the past week.
You can find the full stories and more at the link below:
