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  • Bitcoin Pepe raises $4M as Trump-linked memecoin rakes in $350M for creators

    Bitcoin Pepe raises $4M as Trump-linked memecoin rakes in $350M for creators

    Bitcoin Pepe raises $4M as Trump-linked memecoin rakes in $350M for creators

    • Bitcoin Pepe aims for Meme Layer-2 on Bitcoin with PEP-20.
    • TRUMP memecoin earned $350M for its creators, with 80% owned by Trump affiliates.
    • Regulatory push grows as memecoins spark profit and manipulation concerns.

    The cryptocurrency world is buzzing with the rise of memecoins tied to high-profile figures and innovative concepts. Among the currently trending memecoins are Official Trump (TRUMP), themed after President Donald Trump, and Bitcoin Pepe (BPEP), which brings memecoins to Bitcoin blockchain.

    Bitcoin Pepe has raised over $4 million in its ongoing presale, the “World’s Only Bitcoin Meme ICO,” while a Financial Times report shows that the Official Trump (TRUMP) memecoin, has reportedly generated a staggering $350 million for its creators.

    Bitcoin Pepe seeks to build a meme empire on Bitcoin

    Amid the memecoin frenzy, Bitcoin Pepe is carving its own niche, raising $4,029,822 in its ongoing presale. Dubbed a “Solana on Bitcoin,” this project aims to create a Meme Layer-2 for Bitcoin, boasting instant transactions and ultra-low fees via its PEP-20 token standard.

    Currently in its sixth presale stage out of thirty presale stages, the Bitcoin Pepe (BPEP) token is its going for $0.0268 and it is set to rise to $0.0281 in the next phase.

    Post-presale Bitcoin Pepe’s vision is ambitious: enabling memecoin creation on Bitcoin, which it calls “the only chain that will live forever.” Its whitepaper, roadmap, and team details are accessible on its site, alongside a SolidProof audit for credibility.

    Bitcoin Pepe’s appeal lies in its simplicity and promise. The project’s branding—replete with giveaways and a “Watch Bitcoin Pepe’s Birth” video—taps into meme culture while leveraging Bitcoin’s enduring reputation, setting it apart from flash-in-the-pan tokens.

    As Trump’s memecoin saga unfolds with regulatory clouds looming, Bitcoin Pepe offers a grassroots counterpoint.

    Official Trump (TRUMP) has raked in millions

    The TRUMP memecoin, launched just days before Donald Trump’s White House return on January 20, 2025, has become a financial juggernaut.

    According to the Financial Times report dated March 7, entities behind the token—tied to The Trump Organization’s CIC Digital and Fight Fight Fight LLC—earned at least $314 million from token sales and $36 million in fees on the Solana blockchain. Together, these groups hold 80% of the 1 billion minted TRUMP tokens, though Trump’s personal profit remains undisclosed.

    The project kicked off with 200 million tokens released initially, with the remaining 800 million slated for distribution over three years. Early sales saw 100 million tokens offloaded for under $1.05 each, but prices soared to a peak of $75 by January 19.

    However, the launch of Melania Trump’s MELANIA memecoin triggered an 82% price drop, prompting Trump-linked accounts to spend $1 million stabilizing the market by buying tokens at $33.20.

    Analysts suggest that market manipulation may be at play. The Financial Times tracked $291 million in USDC reinvested into liquidity pools to prop up TRUMP’s value, alongside 14.7 million tokens sent to exchanges like Binance and Coinbase.

    Despite the crash, the 831 million tokens still held by Trump affiliates carry a notional value of $10.8 billion, underscoring the memecoin’s outsized impact.

    The phenomenon has sparked regulatory scrutiny with Representative Sam Liccardo proposing banning officials from such ventures, while New York Assembly member Clyde Vanel introduced a bill on March 5 to penalize memecoin rug pulls.

    Yet, with the SEC deeming memecoins outside securities laws, oversight remains murky, leaving investors vulnerable amid the hype of 700 copycat tokens.

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  • Avalon Labs raises $10m in series A round

    Avalon Labs raises $10m in series A round

    Japan’s Metaplanet buys $7M Bitcoin

    Avalon Labs, the issuer of Bitcoin (BTC)-backed stablecoin USDa, has secured $10 million in a Series A financing round that attracted several venture capital firms.

    “We are known for many things but today is not about us. The team from Avalon Finance is honored to announce the closing of our 10M Series A Round,” the platform posted on X.

    Venture capital firm Framework Ventures led the funding round, which attracted the participation of UXTO Management, Prestoby Framework Ventures and Kenetic Capital.

    In an announcement, the Avalon Labs team said the project will use the funding support to expand its BTC decentralized finance ecosystem.

    In this case, Avalon’s aim is to evolve Bitcoin from being just a digital store of value to a robust financial instrument.

    “We are pioneering the future of Bitcoin-backed financial solutions, creating the first comprehensive ecosystem that unlocks the true potential of the world’s leading cryptocurrency” the Avalon team wrote.

    Avalon’s USDa stablecoin allows users to tap into DeFi on Bitcoin by collateralizing it. The platform’s borrowing rate is fixed at 8%, which allows USDa holders to access liquidity while keeping their BTC positions.

    USDa, Avalon’s flagship collateralized debt position (CDP), ranks as the second-largest CDP per data from DeFiLlama. Its TVL hit $700 million in early December and its competitors include MakerDAO’s DAI and Liquity

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  • Bitzlato freezes Bitcoin withdrawals as Memeinator’s MMTR presale raises $2.57M

    Bitzlato freezes Bitcoin withdrawals as Memeinator’s MMTR presale raises $2.57M

    • Bitzlato halts Bitcoin withdrawals amid co-founder’s guilty plea & legal turmoil.
    • Bitzlato has experienced seizures to partial restoration amid DOJ allegations.
    • Memeinator’s MMTR Presale has raised over $2.57 million as stage 10 nears its end.

    In a surprising turn of events, cryptocurrency exchange Bitzlato has temporarily suspended all Bitcoin withdrawals following its co-founder’s guilty plea and the subsequent decision to dissolve the platform. As legal battles unfold, users find themselves in uncertainty over the fate of their assets.

    Meanwhile, in the crypto space, Memeinator is offering a potential alternative investment opportunity with its ongoing MMTR presale, aiming to redefine the meme coin market.

    Bitzlato’s turmoil: co-founder’s guilty plea and asset seizures

    Bitzlato’s co-founder, Anatoly Legkodymov, recently pled guilty to operating an unlicensed money services business, leading to the dissolution of the exchange. This legal setback stems from Legkodymov’s arrest earlier in the year, orchestrated in a joint operation involving the United States Department of Justice, Treasury Department, and French law enforcement.

    The guilty plea includes a significant forfeiture of $23 million worth of cryptocurrency, with a substantial portion of Bitzlato’s infrastructure, including its website, seized. The legal proceedings have put Bitzlato in a challenging position, forcing the platform to temporarily suspend all Bitcoin withdrawals.

    Despite the legal challenges, Bitzlato managed a partial restoration of user funds in March. Through a Telegram bot, the platform allowed users to withdraw 50% of their assets initially stuck on the exchange. Over subsequent months, withdrawal limits gradually increased, reaching 70% by November.

    The United States Attorney, Breon Peace, did not mince words, accusing Bitzlato of serving as an “open turnstile by criminals.” The Department of Justice (DOJ) further alleged Bitzlato’s role as a financial resource for the Hydra darknet marketplace, facilitating money laundering for users, including funds obtained through ransomware attacks.

    The development leaves Bitzlato customers in disarray especially seeing they cannot withdraw their assets from the exchange.

    Memeinator’s MMTR presale: alternative investment opportunity

    Amidst the turbulence in the cryptocurrency space, Memeinator’s MMTR presale is making waves within the meme coin space, offering investors an alternative avenue. With a mission to dominate the meme coin market, Memeinator promises a unique blend of powerful marketing, innovative product launches, and an exciting action game.

    The MMTR token, designed to fuel Memeinator’s ascent, boasts a strategic tokenomics distribution. Investors participating in the presale contribute to phases like presale, marketing, development, liquidity provision, and a competition pool. The roadmap outlines key phases, including setting coordinates, unleashing the Memeinator, search and destroy, and eventual meme domination.

    Conclusion

    As the cryptocurrency landscape evolves, investors must carefully navigate the uncharted waters, weighing risks and potential rewards.

    As Bitzlato grapples with legal troubles and a temporary suspension of Bitcoin withdrawals, users face uncertainties about their assets. On the other hand, Memeinator’s MMTR presale beckons as an intriguing opportunity for those looking beyond the current challenges in the crypto world.

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  • Crypto resiliency continues as BTC holds above $30k, AltSignals raises $1M

    Crypto resiliency continues as BTC holds above $30k, AltSignals raises $1M

    • AltSignals token has raised over $1 million as it nears its target.

    • Bitcoin has held quite steady above $30,000 even as risks in the industry rise.

    Bitcoin price has held steady above the $30k level as the recent momentum wanes. It was trading at the important level of $30,230 on Tuesday, a few points below the year-to-date high of $31,413. Still, it remains about 21% above the lowest level in June and 95% above its 2022 low. At the same time, the first stage of the AltSignals token sale is running out.

    Bitcoin is outperforming stocks

    Bitcoin and many altcoins is outperforming American stocks and other assets this year even as regulatory risks continue. The coin has jumped by more than 80% in 2023, bringing its total market cap to over $587 billion.

    Other financial assets have risen at a slower pace than crypto. For example, while gold price soared to an all-time high this year, it has only jumped by less than 10% this year. American indices like the Nasdaq 100 and S&P 500 have risen by about 15% and 35%, respectively.

    Bitcoin has done well in a show of resilience considering that the crypto industry has gone through hell in the past few months. In May last year, Terra and its ecosystem crashed, leading to the collapse of other companies like Voyager Digital, Three Arrows, and Celsius. 

    In November, the industry experienced the collapse of FTX, a leading exchange that was valued at over $30 billion. Crypto investors lost over $8 billion following the collapse, as we wrote here.

    And this year, the Securities and Exchange Commission (SEC) decided to sue Coinbase and Binance, the two biggest players in the industry. The SEC made several allegations, including accusations that the two were offering unregulated products to American customers.

    Therefore, the performance of Bitcoin is a reflection that cryptocurrencies are extremely resilient. In fact, Jerome Powell, the head of the Federal Reserve believes that Bitcoin has a lot of staying power.

    AltSignals token sale continues

    This resilience explains why several companies have managed to raise millions of dollars this year. Earlier this year, Metacade raised over $16 million from investors. Its developers are building a gaming platform that will compete with the likes of Decentraland and Sandbox.

    AltSignals has raised over $1 million its highly successful token sale. As you can see here, the developers have sold 95.23% of all the available ASI tokens. They have raised over $1.028 million in the first stage of the sale. Each token is going for $0.015 and the developers will boost it by 25% in the next stage of the sale.

    For starters, AltSignals is a company that hopes to use artificial intelligence to disrupt the financial services industry. The developers aim to improve its service by incorporating AI in its existing platform which is already profitable platform.

    After the first phase, the developers will launch the second phase of the token sale. According to its white paper,  the developers will then get to work ahead of the new AI platform launch. They will also list the token in key centralized and decentralized exchanges.

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  • Bitcoin retreats below $18k as Fed raises interest rate to a 15-year high

    Bitcoin retreats below $18k as Fed raises interest rate to a 15-year high

    • Bitcoin has dropped below the $18k once again following its rally earlier this week.

    • The Federal Reserve raised interest rates by half a point a few hours ago.

    • The total crypto market cap continues to stay above $800 billion.

    Federal Reserve raises interest rate once again

    The Federal Reserve announced on Wednesday that it had raised its benchmark interest rate to the highest level in 15 years. Thus, indicating that the fight against inflation in the United States is not over. 

    The interest rate was increased by half a point, taking it to a targeted range between 4.25% and 4.5%. This latest cryptocurrency news put a halt to Bitcoin’s recent rally. The leading cryptocurrency is down by less than 1% in the last 24 hours and is now trading below $18k. At press time, the price of Bitcoin stands at $17,737. 

    The broader crypto market has also been underperforming, having lost more than 1% of its value in the last 24 hours. The total cryptocurrency market cap now stands at around $860 billion.

    Key levels to watch

    The BTC/USD 4-hour chart remains bullish despite Bitcoin underperforming over the past 24 hours. In the last seven days, BTC has added more than 5% to its value.

    The MACD line remains above the neutral zone, indicating that the bulls have not given up control of the Bitcoin market. The 14-day relative strength index of 54 also shows that Bitcoin has not yet entered the oversold region.

    If the bears gain bigger control, Bitcoin could decline below the $17,090 support level over the next few hours. However, the bulls still maintain a level of control, and BTC could recover from this slight dip. If that happens, BTC could be trading above $18k soon again.

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