Trump Loves Dancing could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Loves Dancing (TRUMPDAN), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because TRUMPDAN is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Loves Dancing can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump Loves Dancing could become the next viral memecoin. Trump Loves Dancing launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump Loves Dancing on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Loves Dancing by entering its contract address – HVnG6NJCvVDa34VxqR1wmSo18EGtNVJhNR8CQwNwjgpi – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPDAN. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
XRP price is on the brink of breaking a pattern with a 100% bullish outcome, which will potentially take its value to $5.
The Internal Revenue Service (IRS) is suspending the implementation of new tax rules that will affect investors who hold crypto assets in centralized exchanges. On July 9th, 2024, the Treasury Department and the IRS published the final rules for determining the order of selling crypto assets held in centralized finance (CeFi) platforms. Investors should choose an accounting method such as the Highest-In, First-Out (HIFO) or the Specific Identification (Spec ID) if their assets are held with a CeFi broker. Otherwise, the First-In, First-Out (FIFO) applies, which means that the earliest acquired unit of a cryptocurrency will be sold first. The rule is supposed to take effect on January 1st, 2025 but CoinTracker head of Tax Strategy Shehan Chandrasekera says the IRS recognized the problem that almost all CeFi brokers are not yet ready to support Spec ID, prompting the tax agency to postpone the implementation of the rule by one year. Reads the temporary relief notice issued by the IRS on December 31st, “The Treasury Department and the IRS understand that some digital asset brokers may not have in place, by January 1, 2025, the technology needed to accept specific instructions or standing orders communicated by taxpayers. These technology limitations may leave some taxpayers unable to make adequate identifications in conformity with § 1.1012-1(j)(3)(ii).” Chandrasekera says many crypto investors could suffer losses if the new tax rules were enforced. “This meant that you had no option other than selling your CeFi assets under FIFO starting 1/1/25. In a bull market environment, this could have been disastrous for many taxpayers because you’d be unintentionally selling the earliest purchased asset (which tends to have the lowest cost basis) first, while unknowingly maximizing your capital gains.” 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 IRS Postpones Implementation of New Tax Rules for Crypto Asset Holders Interacting With Centralized Exchanges appeared first on The Daily Hodl .
Bitcoin is currently priced at $98,700, with altcoins on the rise. Upcoming SEC changes could positively impact XRP's price movement. Continue Reading: Watch Bitcoin Soar: Positive Trends Signal Potential Gains The post Watch Bitcoin Soar: Positive Trends Signal Potential Gains appeared first on COINTURK NEWS .
XRP supporter and crypto lawyer John Deaton is warning investors about scammers within the burgeoning digital assets industry. In a new lengthy thread on the social media platform X, Deaton says that bad actors are targeting crypto exchange accounts and private wallets with sophisticated scams. “If you get an email with a link do not click the link unless you are 100% certain it’s legit, and even then be suspicious. Make sure you have 2FA (two-factor authentication) set up with your accounts and NEVER share passwords or seed phrases. Some people might say or think ‘if you’re dumb enough to share your password, you deserve to lose your [stash].’ No innocent person deserves to be robbed, tricked or cheated out of their hard-earned savings!” Deaton, who represented Ripple Labs when the firm was sued by the U.S. Securities and Exchange Commission (SEC) for allegedly selling XRP as unregistered securities, goes on to share a personal story about hackers using advanced tactics in an attempt to rob him. According to Deaton, scammers hacked into his WiFi network, sent him a fake email from his crypto exchange service saying he needed to change his password and went as far as impersonating a customer service employee of the crypto exchange to encourage him. When prompted to enter his password to “recover” it, Deaton says he realized he was being scammed and took action. “I lied and said I didn’t have my laptop handy and asked him to call me back in 30 minutes… At that moment, I turned off my WiFi, and using cellular service only, I clicked my [crypto exchange’s app] and was able to access my account without issue. I knew then that my home network had been compromised. Because I had accessed my law firm network, working from home, my business network had been compromised as well. A couple of months later my cell phone SIM card and Twitter accounts were hacked.” 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 Crypto Lawyer and XRP Defender John Deaton Issues Lengthy Warning to Traders: Beware of Scammers appeared first on The Daily Hodl .
Crypto users lost $494 million to phishing attacks that drained their wallets in 2024. The Web3 security company Scam Sniffer disclosed this in its latest report, noting that it represents a 67% year-over-year increase. According to the report , which focused only on Ethereum Virtual Machine (EVM) compatible chains, 332,000 addresses were affected by the phishing attacks in 2024. This means the number of victims also increased compared to 2023, albeit by only 3.7%. The massive rise in the amount stolen highlights how phishing attackers took advantage of the increase in the value of cryptocurrencies in 2024 to make millions of unwitting victims. Wallet drainers usually use malware to steal users’ assets by misleading them into granting approvals or signing malicious transactions. Funds lost to phishing attacks on a monthly basis (Source: Scam Sniffer) A closer analysis of the incidents shows that the attackers were busy all year round, even as they stole 52% of funds between July and September. The bad actors took in their highest monthly haul in March with $75 million, while the losses were in November with $9 million. Meanwhile, the amount stolen declined quarterly, with Q1 seeing the most losses, $187.2 million from 175,000 victims. The total losses per quarter in Q2 were $167 million, Q3 saw $ 129 million, and Q4 reportedly only $51 million. The gradual decline represents a positive sign for the industry as it indicates increasing security awareness about phishing attacks throughout the year. Ethereum records 85% of large-scale thefts Meanwhile, 30 large-scale phishing attacks, incidents where more than $1 million was stolen, happened in 2024. The biggest was a $55.4 million theft through a setOwner phishing exploit, a 130% on the most significant incident before that. Interestingly, Ethereum was responsible for the majority of large losses. According to the report, 85.3% of the large losses happened on the network, accounting for $152 million, while just two happened on Arbitrum. Other EVM networks even had less, with Blast, Base, and BNB chains only having one case each. Phishing Attacks (Source: Scam Sniffer) The attackers also appear to target more assets than others. 40.9% of stolen funds were Staking and restaking assets, while stablecoins account for 33.5%, respectively. 10.7% of Aave Collateral assets and 9.3% of Pendle yield tokens also got stolen. Just as they did with assets, the drainers also relied on various methods for phishing attacks. Permit remains the most common method, as it was used in 56.7% of large loss cases. However, scammers use the setOwner in 31.9% of cases, including the theft of $55.4 million DAI. Other methods employed included Transfer and increase allowance. Wallet drainers continue to consolidate and expand Meanwhile, the decline in phishing attacks during the last quarter of 2024 is not necessarily a sign of triumph for crypto users. As Scam Sniffer noted, it is likely because these attackers are changing strategies and using other methods. This is evident in how the bad actors consolidated throughout 2024, with new players entering the scene towards year-end. Three major drainers dominated the market in the first two quarters, with Angel, Pink, and Inferno drainers having 42%, 28%, and 22% shares, respectively. However, Pink Drainer exited in Q2, leaving Inferno and Angel Drainers with 43% and 25% market share by the end of Q3. Inferno itself would exit in Q4 by selling its infrastructure to Angel Drainer. At the end of the year, Inferno and Angel controlled 45% of the market share, while a new entrant, Ace Drainer, had 20%. There are still other new drainers, showing the ultra-competitive nature of draining in the service industry. With more bad actors venturing into wallet-draining space, the level of sophistication has also been increasing to match anti-phishing security by wallet developers. Scam Sniffer highlighted several bypass methods that these bad actors use. These include trying to game the wallet normalization process, exploiting XSS vulnerabilities to bypass wallet blacklists, and using legitimate contracts with fake CAPTCHA pages or Cloudflare. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The post Fartcoin’s Surges To $1.5B Market Cap In less Than 2 Months Of Launch appeared first on Coinpedia Fintech News In a latest develoment, Fartcoin, the Solana-based meme coin originated from AI bot Truth Terminal, reached a new record-high on Friday, pushing its market cap to $1.5 billion in less than two months of launch. The token’s price increased 9% to $1.5 in the past 24 hours, registering weekly gains of 44%. FARTCOIN has surged over 600% in the past month, currently ranking as the fifth-largest meme coin on the Solana blockchain. Its market capitalization trails only Bonk (BONK), ai16z (AI16Z), Pudgy Penguins (PENGU), and dogwifhat (WIF). If the bullish momentum persists, Fartcoin will soon join AI16Z in the $2 billion market cap club.
The post Ethena Eyes Neobank Status with USDe and Telegram Payments appeared first on Coinpedia Fintech News In a recent devloment, Ethena, a synthetic stablecoin protocol, is planning a major expansion to become a neobank by integrating its USDe stablecoin with innovative financial products and a native payment solution on Telegram. In 2025, Ethena plans to launch a new dollar savings product and iUSDe, a token for institutional use, aiming to merge crypto with traditional finance. The move comes as Ethena has been expanding its suite of products beyond its core USDe synthetic dollar, which introduced a novel trading mechanism to maintain its peg to the greenback. The protocol has experienced significant growth, capturing a large share of onchain USD assets and integrating USDe with major crypto and CeFi markets.
The post John Deaton Warns Users Over Sophisticated Scams, Urges Users To Exercise Caution appeared first on Coinpedia Fintech News In a detailed X post, Pro XRP lawyer John Deaton has urged users to exercise caution and vigilance in safeguarding their digital assets. He noted that some scamming operations are quite sophisticated and emphasized the importance of enabling two-factor authentication and verifying the authenticity of emails and links before clicking. He shared a personal story about a near-miss incident where scammers hijacked his home WiFi and attempted to trick him into revealing his login credentials. He underscored that scammers often create a sense of urgency to manipulate their targets. He also reiterated the critical rule to NEVER share passwords or seed phrases.
After years of investigating and criticizing crypto, critics conceded that their long-predicted regulatory crackdown was unlikely to materialize.