Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar losses after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up nearly 14 million Melania ( MELANIA ) last month for about $30 million, only to sell off all his holdings this week at a loss of $15.68 million. Lookonchain also noticed another whale lost $3.73 million on his MELANIA trade this week as well. “Whales sold all their MELANIA holdings at a loss recently! DNTpoX…LN2A spent 30 million USDC to buy 13.97 million MELANIA a month ago, and sold for 14.32 million USDC yesterday, losing $15.68 million. Gu2bnm…xmni spent 10 million USDC to buy 6.69 million MELANIA 22 days ago, and sold 6.27 million USDC in the past two days, losing $3.73 million.” Melania is trading for $0.85 at time of writing, down 93.5% from its all-time high of $13.05, which it hit on January 20th, a day after launching. Crypto whales trading Official Trump ( TRUMP ), which the president launched just days before his inauguration, are also seeing red. Lookonchain reports that a whale liquidated his position in the TRUMP memecoin this week at a loss of $24.4 million TRUMP is trading at $12.60 at time of writing, down 83% from the all-time high price of $73.43, which it reached last month. Meanwhile, a freshman California Democrat Congress member, Representative Sam Liccardo, is proposing legislation to prevent lawmakers from profiting off meme assets. The bill, called the Modern Emoluments and Malfeasance Enforcement (MEME) Act, appears to be aimed at Trump, who has profited off TRUMP despite the meme asset having lost billions in value after launching earlier this year. Some analysts have accused Trump of perpetrating a rug pull. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Whale Dumps Entire Stash of US First Lady Melania Trump’s Official Memecoin at $15,680,000 Loss: Lookonchain appeared first on The Daily Hodl .
Every year, the tech world holds its breath, not just for groundbreaking innovations from Y Combinator (YC), but also for the inevitable controversy that seems to follow. This year, the spotlight is on Optifye.ai, a YC-backed startup that ignited a firestorm with its AI-powered worker surveillance demo. The demo, intended to showcase efficiency, instead sparked a critical debate about ethical AI and worker rights. Let’s unpack this explosive situation and understand why it’s sending shockwaves through the tech and cryptocurrency communities alike. The Shocking YC Controversy: Optifye.ai’s AI Surveillance Demo Optifye.ai’s demo video, showcasing real-time worker tracking via AI cameras, went viral for all the wrong reasons. Imagine a system where every move of a factory worker is monitored, analyzed, and used to evaluate performance. This isn’t a scene from a dystopian movie; it’s the reality Optifye.ai presented. The backlash was immediate and intense, flooding platforms like X and Hacker News with concerns about privacy, worker autonomy, and the dehumanizing potential of such technology. This YC controversy highlights a growing unease about the unchecked deployment of AI surveillance in the workplace. Why is this YC Controversy Sparking Such Outrage? Worker Rights Under Threat: Critics argue that such pervasive surveillance erodes worker dignity and creates a climate of fear and mistrust. It raises fundamental questions about employee autonomy and psychological safety in the workplace. Ethical AI Concerns: The demo brought to the forefront the ethical implications of AI in labor management. Is it right to subject workers to constant AI scrutiny? Where is the line between efficiency and exploitation? This ethical AI dilemma is at the heart of the controversy. Transparency and Consent: The lack of transparency and worker consent in such systems is deeply concerning. Are workers fully informed about the extent of surveillance, and do they have any say in it? Potential for Bias and Misuse: AI algorithms are not neutral. They can be biased, leading to unfair evaluations and discriminatory practices. Moreover, the data collected could be misused, further infringing on worker privacy. Beyond Optifye.ai: The Broader AI Surveillance Landscape While Optifye.ai is at the center of this startup backlash , the incident underscores a larger trend: the increasing integration of AI into workplace monitoring. This isn’t just about factory floors; it extends to office environments, remote work setups, and various industries. Companies are exploring AI-powered tools for: Performance Monitoring: Tracking employee productivity, time spent on tasks, and even keystrokes and mouse movements. Attendance and Timekeeping: Automating attendance tracking and ensuring adherence to schedules. Security and Compliance: Monitoring for safety violations, unauthorized access, and compliance with regulations. However, the benefits of these systems must be carefully weighed against the potential costs to worker morale, privacy, and overall well-being. The Optifye.ai YC controversy serves as a potent reminder of the need for responsible AI development and deployment. Other Tech World Developments: A Quick Roundup While the AI surveillance debate dominates headlines, here’s a snapshot of other key stories discussed on Bitcoin World’s Equity podcast: Amazon’s Alexa Evolution: The unveiling of an AI-enabled Alexa+ in NYC signals a major push in the smart assistant market. This could intensify competition and redefine how we interact with AI in our homes. Lucid Motors CEO Departure: Peter Rawlinson’s exit raises questions about the future direction of the electric vehicle company and the challenges in the EV market. Bridgetown Research’s AI Due Diligence: A $19 million raise for automating VC due diligence highlights the growing role of AI in finance and investment. Figure AI’s Robotics Ambitions: Rumors of new funding and plans for humanoid robots indicate the rapid advancements in robotics and the potential for AI-powered humanoids in our daily lives. The hosts debated the desirability of humanoid assistants, with varying degrees of skepticism and openness. Navigating the Ethical Minefield of AI in the Workplace The worker rights conversation ignited by the Optifye.ai demo is crucial. As AI becomes more pervasive, we must proactively address the ethical dilemmas it presents. Key questions to consider include: Regulation and Oversight: Do we need stricter regulations to govern the use of AI in workplace surveillance? How can we ensure ethical and responsible implementation? Transparency and Accountability: Companies deploying AI surveillance must be transparent about their practices and accountable for the impact on workers. Worker Empowerment: How can we empower workers with more control over their data and ensure their voices are heard in decisions about AI implementation? Focus on Human-Centered AI: The goal should be to develop AI that augments human capabilities and improves working conditions, rather than simply replacing or surveilling workers. Conclusion: A Critical Juncture for AI and Labor The Optifye.ai YC controversy is more than just a social media storm; it’s a wake-up call. It underscores the urgent need for a thoughtful and ethical approach to AI in the workplace. As we embrace the potential of AI, we must also safeguard fundamental worker rights and ensure that technological progress benefits everyone, not just corporations. The conversation has only just begun, and its outcome will shape the future of work in the age of intelligent machines. To learn more about the latest AI market trends, explore our article on key developments shaping AI features and institutional adoption.
The Bitcoin market in early 2025 showed signs of a potential shift, with key trends hinting at critical support levels and opportunities for traders.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid crypto volatility, Lightchain AI stands out with scalable AI-blockchain tech, raising $16.8m at $0.006 presale. As the cryptocurrency market grapples with ongoing volatility, investors are searching for the next big opportunity. Lightchain AI is emerging as a standout investment that could offer the stability and growth that other cryptocurrencies are lacking. With its unique fusion of AI and blockchain technology, Lightchain AI is designed to provide scalable, real-world applications, setting it apart from the pack. Having raised over $16.8 million at a presale price of just $0.006, Lightchain AI is attracting growing interest from investors. As the demand for AI-powered blockchain solutions increases, this project could be the investment opportunity you’ve been waiting for. You might also like: Lightchain AI presale blasts past $16.8m: Is this the opportunity for the next bull run? Market struggles continue: What’s next for crypto? The cryptocurrency market is facing significant challenges. At the time of writing, Bitcoin (BTC) is currently priced at approximately $95,506, reflecting a 1.6% decline from the previous close. Ethereum (ETH) is trading at $2,710.68, showing a modest increase of 1.07%. XRP is priced at $2.48, marking a 2.94% decrease. This downturn is largely driven by geopolitical tensions, including President Donald Trump’s announcement of tariffs on imports from Mexico, Canada, and China, which have escalated fears of a global trade war and potential inflation. In light of these challenges, investors are advised to diversify their portfolios to mitigate risks associated with market volatility. Staying informed about global economic developments and their potential impact on the crypto market is essential for making smart investment decisions. Why Lightchain AI could be the investment opportunity of 2025 Lightchain AI is poised to be the investment opportunity of 2025 thanks to its focus on scalability, security, and dynamic pricing. The platform’s architecture is specifically designed to handle large-scale AI workloads with ease, ensuring that performance remains optimal as demand grows. By implementing scalability solutions like sharding and Layer 2 integration, Lightchain AI can efficiently process high volumes of transactions without sacrificing speed or efficiency. Additionally, security is a top priority, with advanced cryptographic techniques, including Zero-Knowledge Proofs and homomorphic encryption, safeguarding user data and ensuring secure transactions. The platform also features a dynamic pricing model for computational tasks, ensuring fair and efficient resource usage by adjusting gas fees based on task complexity and network load. These features, combined with a strong roadmap and sound tokenomics, position Lightchain AI as a future-ready investment in the rapidly growing AI and blockchain markets. Grab Lightchain AI for a bright future With the potential to change industries and drive efficiency through AI-powered blockchain solutions, Lightchain AI is set for success in the years to come. Investing in Lightchain AI now could provide significant returns as its technology gains traction and adoption increases. As always, it’s crucial to conduct research and consult with a financial advisor before making any investment decisions. However, for those who are looking for a promising opportunity in the midst of market struggles, Lightchain AI could be the perfect fit for their portfolio. For more information on Lightchain AI, visit the website , X , or Telegram . Read more: Is Lightchain AI the next big cryptocurrency? $16.8m raised in presale Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
A widely followed crypto analyst says that smart contract platform Ethereum ( ETH ) appears close to bottoming out against Bitcoin ( BTC ). In a new video update, crypto strategist Benjamin Cowen tells his 877,000 YouTube subscribers that the ETH/BTC pair will likely find its cycle low under 0.017 ($2,181) sometime near the end of the year. “ETH/BTC market cap ratio is getting pretty close to the lows…I think there is a decent chance that it will bottom out.” However, according to Cowen, if the US Federal Reserve were to cease its monetary policy of quantitative tightening, the ETH/BTC pair would immediately bottom out. Quantitative tightening is when central banks shrink their budgets to reduce the amount of money circulation in the economy as a means of countering inflation. “If the Fed were to end quantitative tightening, that could very well mark the bottom for ETH/BTC right now… I don’t really expect it to go higher until quantitative tightening is over, at least not in a durable fashion. That doesn’t mean [ETH/BTC] can’t bounce around but I just wouldn’t expect that until quantitative tightening is over. What’s likely going to happen at some point is whenever quantitative tightening ends, it’ll likely get a rally back up to the bull market support band.” In June 2022, the Federal Reserve announced that it would reduce its balance sheet. ETH/BTC is trading for 0.0264 ($2,227) at time of writing, a 3.2% decrease from the previous 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Ethereum Is Getting Pretty Close to Bottoming Out Against Bitcoin, Warns Crypto Analyst Benjamin Cowen appeared first on The Daily Hodl .
U.S. President Donald Trump’s company has filed a patent to launch a Trump-themed metaverse and digital clothing line. Trademark attorney Josh Gerben drew attention to the patent filing, which was filed on Feb. 24 by DTTM Operations LLC, the entity that controls all trademarks for the Trump Organization. The filing includes the ability to exchange digital goods and currencies, as well as TRUMP-branded clothing, shoes, and hats for avatars, a TRUMP-branded restaurant and “TRUMP-branded training services” in traditional business venture fields such as real estate, hospitality, and construction. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Illegal Crypto ATM Business 46-year-old Olumide Osunkoya was sentenced to four years in prison for operating an illegal business of cryptocurrency ATMs in the UK. His company, GidiPlus, placed these ATMs at multiple sites without valid regulatory approval. The authorities discovered that Osunkoya’s company conducted millions of unregulated crypto transactions, which were exposed to money laundering threats. FCA Crackdown on Crypto ATMs The regulators revealed that Osunkoya ran a £2.5 million ($3.2 million) crypto ATM business even after being denied registration by the Financial Conduct Authority (FCA). He was charged by the FCA in September 2024 and pleaded guilty on September 30 to six charges. Investigations found that his ATMs were used heavily for unverified cash-to-crypto conversions, which breached anti-money laundering (AML) regulations. Criminal Conviction and Sentencing On February 28, 2025, Osunkoya was convicted by a UK court of unregistered crypto activity, forgery, possession and use of false identity documents , and criminal possession of property. The judge noted that his sophisticated efforts to establish a false identity made his case worse. His sentencing is a major precedent in crypto law enforcement, as regulators seek to stem illegal digital currency transactions. FCA’s Message to Crypto Operators This is the first criminal sanction in the UK for unregistered crypto business and sends a clear message: those who ignore our rules, attempt to evade detection, and engage in criminal conduct will be held accountable,” said Therese Chambers, FCA’s executive director of enforcement. She continued to stress the importance of compliance in the crypto world, cautioning that unregistered firms will face increased inspection. The FCA’s Increased Crackdown The FCA mandates all digital asset service providers to register and comply with anti-money laundering rules. Osunkoya’s conviction is made at a time when the regulator is stepping up enforcement against illegal crypto activities. The financial regulator has increased surveillance activities and collaborated with law enforcement agencies to identify unlicensed digital asset services. The FCA’s efforts have reduced crypto ATM presence in the UK to a bare minimum. CoinATMRadar data show the sites dropped from 80 in 2022 to zero in 2024. Meanwhile, over 37,200 crypto ATMs continue to be active worldwide, with the majority of them—29,700—operating in the United States. The action is a reflection of the UK’s grander scheme to encourage regulatory compliance and fight financial crimes involving digital assets.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A new altcoin priced at $0.20 gains momentum, drawing interest, while Cardano holders await altcoin season. Table of Contents Cardano investors await the altcoin season Rexas Finance: The new altcoin gaining momentum Analyst predictions and future potential Final thoughts: RXS poised for explosive growth The cryptocurrency market is changing dynamically, and investors are looking at new prospects. A recently launched altcoin valued at just $0.20 quickly gathers steam and attracts interest from market players looking for notable gains. Meanwhile, Cardano (ADA) holders are calmly waiting for altcoin season, a time noted for the fast appreciation of alternative cryptocurrencies. Although ADA investors expect a significant breakthrough, this emerging coin is already creating waves and proving to be a powerful competitor. You might also like: Poised to deliver the highest returns: Ethereum, Cardano, or Rexas Finance Cardano investors await the altcoin season Though ADA has long-term promise, it has not yet seen the anticipated price swings by investors. Many ADA investors still wait for the long-anticipated altcoin season, in which case rising speculative interest and capital inflows cause alternative cryptocurrencies to beat mainstream assets like Bitcoin (BTC). Historically, altcoins seasons have seen ADA significantly increase, usually riding the tide of larger market excitement. ADA’s performance in the next altcoin season is unknown as more recent cryptocurrencies join the market with sophisticated features and unique stories. Some investors are diversifying into newly developed assets with instant growth potential, such as the fast-developing altcoin at $0.20. Rexas Finance: The new altcoin gaining momentum Rexas Finance (RXS) is making a big impression among the upcoming crypto stars. Rexas Finance seeks to provide a readily available, user-friendly method of asset-backed tokenization as a project committed to tokenizing real-world assets (RWA). RXS lets users easily create, manage, and trade tokenized assets by combining an understandable interface with strong tools. Rexas Finance raised approximately $45.84 million with a fantastic presale performance. At $0.20 in the last presale stage, RXS had 89.85% of its allocation filled. This great investment interest points to a rising conviction about its long-term possibilities. Unlike many initiatives dependent on venture capital financing, the Rexas Finance team has maintained public funding for the project, guaranteeing that retail investors are key in its expansion. Many elements have helped Rexas Finance to acquire increasing momentum. Its success can be mostly attributed to its strategic attitude to security and openness. Leading blockchain security company Certik has effectively finished an audit for the project, increasing investor trust and confidence. This accreditation distinguishes the project from other developing cryptocurrencies lacking appropriate security guarantees, thereby giving it legitimacy. Secured listings on significant sites such as CoinMarketCap and CoinGecko further enhance Rexas Finance’s visibility and trustworthiness. These listings make the idea more approachable to a larger audience of investors and validate its credibility. These platforms help RXS position itself for ongoing price increases and market acceptance. Analyst predictions and future potential The remarkable trajectory of Rexas Finance has attracted the attention of market analysts. Some estimate a startling surge of up to 500x from its present pricing. Though ambitious, this estimate is not unusual in crypto, particularly for assets combining blockchain technology with real-world utility. Given the growing need for distributed asset management solutions and the rising curiosity in RWA tokenization, RXS will likely see significant expansion in the next months. Moreover, as the altcoin season approaches, many investors want to invest in assets with the most upside potential. Although Cardano is still a great long-term investment, some ADA holders are diversifying into RXS to profit from its upcoming upward momentum. This change in investor mood emphasizes the increasing attraction of younger, high-growth cryptocurrencies over more established projects still under development that have not yet shown the anticipated returns. Final thoughts: RXS poised for explosive growth As the crypto industry develops, investors increasingly look to rising altcoins with strong foundations and practical uses. Rexas Finance has positioned itself as a major challenger with a distinct value offer and an expanding investor base. With a launch price set at $0.25 and its last presale stage almost finished, RXS is en route to a notable value increase. RXS offers an interesting opportunity for anybody wishing to invest in a rapidly growing altcoin. Rexas Finance is already making major progress as Cardano holders wait for the much-awaited altcoin season, preparing the ground for one of the most amazing market rallies. Now is the right time to investigate Rexas Finance’s possibilities before the market explodes. For more information on Rexas Finance, visit their website , giveaway , X , or Telegram . Read more: Rexas Finance price prediction: Can RXS deliver on its presale hype? Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Infamous crypto influencer Ben “BitBoy” Armstrong has made interesting remarks regarding third-generation blockchain Cardano (ADA). The comments have even drawn the attention of Cardano founder, Charles Hoskinson. Is BitBoy ADA’s Savior? In a livestream on Wednesday, Ben Armstrong declared that he had “single-handedly saved the ADA project,” marking a change of tune as the YouTube influencer has frequently slammed the crypto as “dead”. Armstrong explained that his critique of Cardano was not because he actually hated the project. Instead, it was an intricate reverse psychology gimmick to draw institutions to ADA. He mentioned crypto asset manager Grayscale’s recent application to introduce a U.S.-listed Cardano exchange-traded fund (ETF). If approved, institutional investors in the ETF would gain investment exposure to Cardano without having to directly hold the asset. As you may recall, BitBoy ruffled a few feathers last July after stating that ADA was no longer appealing to institutions, which he predicted would undermine its legitimacy as a viable investment. However, he has seemingly made an about-face on ADA. “All it took was the BitBoy telling everybody that Cardano is dead, and the institutions said we can’t let BitBoy win, we got to go back in on Cardano,” BitBoy said. “So, guys, I have single-handedly saved the ADA project fresh off of my Adderall binge and I am so excited that together, me and the Cardano community can move forward.” As expected, Armstrong’s remarks elicited strong reactions from the cryptosphere, including from IOG CEO Charles Hoskinson. The Cardano founder had nothing but positive words for BitBoy. “We’re very excited and glad that you’ve gotten what you needed to get, BitBoy, and we wish you well, and we hope that you’re doing well, and thank you for the kind words about Cardano,” Hoskinson opined with a sheepish grin on his face in a short video response on X. The price of ADA has plunged 9% on the day as Bitcoin and the broader crypto market struggles amid renewed concerns over potential President Trump’s trade tariffs . The token was trading for $0.6143 as of press time.