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This Altcoin May Have Been Manipulated Big Today: First a Pump, Then a Major Dump – Today’s Top Story

The post This Altcoin May Have Been Manipulated Big Today: First a Pump, Then a Major Dump Today’s Top Story appeared com. Decentralized cryptocurrency exchange Hyperliquid announced today that it has temporarily suspended deposits and withdrawals on the POPCAT trading pair due to suspicions of possible price manipulation attempts. POPCAT was recorded as one of the altcoins that experienced the most liquidation with the massive pump and dump wave it experienced today. Chart showing the pump and dump in POPCAT price. It appeared that the platform had halted operations for maintenance. On-chain data from ArbiScan also confirmed the pause. However, what really caught the community’s attention was the allegation that a user was attempting to artificially inflate the price of POPCAT. Onchain analyst MLMabc shared a post on Twitter on X (Twitter) stating that the investor in question withdrew 3 million USDC from the OKX exchange 13 hours ago and split it among 19 different wallets. He then opened a long position worth approximately $20 million in POPCAT, attempting to push the price to $0. 21. According to the analyst, once the buy wall was lifted, the investor liquidated his entire $20-$30 million POPCAT position, resulting in a $4. 9 million loss on positions taken over by Hyperliquid’s liquidity provider (HLP). Hyperliquid then manually closed the position. This incident is reminiscent of a similar case of manipulation Hyperliquid experienced with a Solana memecoin called JELLYJELLY in March. At the time, the platform suffered approximately $12 million in unrealized losses. *This is not investment advice. account now for exclusive news, analytics and on-chain data! Source:.

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Telcoin Gains Approval as First U.S. Blockchain Bank

The post Telcoin Gains Approval as First U. S. Blockchacom. Key Points: Telcoin’s approval marks the first U. S. blockchain bank establishment. Influences stablecoin and DeFi adoption. Catalyzes significant regulatory advancements. Telcoin has become the United States’ first blockchain bank after receiving charter approval from Nebraska Department of Banking, establishing the Telcoin Digital Asset Bank. eUSD, a bank-backed stablecoin, may influence the crypto landscape by enhancing compliance and transparency, potentially boosting blockchain finance adoption. Telcoin Secures U. S. Blockchain Bank Charter, Launches eUSD Stablecoin Telcoin has become the first to obtain a U. S. charter for a blockchain banking institution, aiming to connect traditional banking and blockchain. With final approval, they will issue the eUSD, the first stablecoin by a regulated bank. This advancement opens new financial technology pathways and compliance. The approval allows consumers to benefit from secure and compliant blockchain financial services. It positions Telcoin at the forefront of digital currency innovation by integrating stability and efficiency into everyday commerce. eUSD distinguishes itself from unregulated stablecoins through bank assurances and backing by U. S. treasuries. “Our charter makes history, and not just for Telcoin, but for the entire U. S. banking system. We’re proving that a bank can issue on-chain Digital Cash responsibly and operate in full alignment with U. S. regulators. eUSD brings the speed, transparency, and affordability of blockchain into everyday finance in a way that anyone can use.” Paul Neuner, Founder & CEO, Telcoin Patrick Gerhart emphasized its role in maintaining banking relevance. Their statements underline the significance of trust and innovation in blockchain services. Market Reaction to Telcoin’s Groundbreaking Approval and Future Prospects Did you know? eUSD’s full regulatory backing marks the first time a stablecoin directly connects U. S. consumers to DeFi, setting a new precedent for blockchain finance. Telcoin (TEL) stands at $0. 01 with a market cap of $489. 58 million and a 24-hour trading volume reaching $20. 46 million,.

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I Was Wrong: Democrats Won A Dunkirk Victory In Shutdown Defeat

In 1940, Winston Churchill ordered the evacuation of 338, 000 troops facing annihilation on the beaches of Dunkirk. Churchill called the successful operation “a miracle of deliverance.” Historians portray it as a perfect example of victory in defeat. Democrats raging at eight members of their caucus for ending the government shutdown might take a few lessons from the master of morale and strategy. What some hotheads framed as “capitulation” is, in the long run, the wisest plan. Right after Dunkirk, Churchill famously said, “Wars are not won by evacuations.” That is so, but stopping a potential disaster lets your side fight another day. Ending the shutdown prevented negative outcomes that had begun chugging the Democrats’ way. Shutdowns almost always bite the party that starts them. The record for this is so strong that I thought Democrats had erred from Day One. I was wrong. Democrats effectively used the headlines to highlight the issue sure to haunt Republicans come the midterms: the soaring cost of health care. Democrats prevailed in the recent elections, partly on threats to their health coverage, partly on rising food prices, tariff chaos and in-your-face corruption. But at a certain point, the news started turning from the fight to extend the Obamacare subsidies to flights being canceled and the poor losing food assistance. With Thanksgiving approaching, the sight of family members sitting on suitcases in airports is not optimal. As many more Americans feel shutdown pain at the personal level, Democrats are harder pressed to avoid blame, even if the public liked certain items they were fighting for. Now some firebrands just want a fight. But their contention that reopening the government caused a loss of leverage is based on illusion. Democrats never held meaningful leverage because they don’t have the votes. Republicans control the White House, the House, and the Senate. To quote Barack Obama, “Elections have consequences.”The election of Trump and a mostly pliant Republican Congress created such consequences as attacks on Obamacare and, more ominously, our democratic institutions. Democrats can offer a prettier set of consequences, but they can only deliver them if they retake control. The Democrats’ winning message should be, elect us and we will restore health care security. Even the temporary loss of it will hit home. As another great American, Joni Mitchell, sang, “Don’t it always seem to go that you don’t know what you’ve got till it’s gone?”Now, if the shutdown worked in avoiding even some pain, that would be an argument in favor. But it wasn’t. Speaking for Democrats who voted to reopen the government, Maine Sen. Angus King, an independent, posed the right question: “Does the shutdown further the goal of achieving some needed support for the extension of the tax credits?” (He’s referring to credits that were temporarily increased during the pandemic, making coverage cheaper for millions.)These senators come from the swing states of Nevada, Virginia, Pennsylvania, New Hampshire and Maine. They are key to Democrats obtaining and keeping a majority in Congress. Without them, Democrats have no hope of obtaining real power. And without real power, their politics are just performance. As noted, the shutdown did succeed in putting the specter of lost health coverage front and center. That mission has been accomplished. Trump’s now railing that Obamacare is a “scam” to get the insurance companies filthy rich. Democrats should thank him for calling this revered benefit a “scam.”Assessing the dire situation at Dunkirk, Churchill chose not to make a heroic yet suicidal stand. But he followed closely with his immortal “We shall fight on the beaches” speech a rally to the nation for continued resistance. The midterms are the beaches that Democrats should be storming.

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Congress votes to end longest government shutdown in history; Moran calls it ‘unnecessary hardship’

Congress voted Wednesday evening to end the longest federal government shutdown in the nation’s history after 43 days. The House of Representatives voted to advance a spending package that will fund the USDA, Department of Veterans Affairs and other institutions through the 2026 fiscal year. That includes funding for the Supplemental Nutrition Assistance Program, of [.].