Reddit Moons Experience 130% Surge Amidst Community Plans for Token
Reddit administrators are taking a step towards decentralisation by "renouncing the Moons contract" and concurrently initiating a token burn to reduce the overall supply.

Reddit administrators are taking a step towards decentralisation by "renouncing the Moons contract" and concurrently initiating a token burn to reduce the overall supply.
The prices of related tokens like MOON, BRICK, and DONUT have taken a hit.
Reddit to phase out Community Points — The blockchain-based program that was designed to reward creators and developers on the platform.
Reddit has announced the discontinuation of its blockchain-based rewards initiative, Community Points. The decision, outlined by Tim Rathschmidt, Reddit's director of consumer and product communications, comes as a response to the escalating challenges in scaling the program, exacerbated by evolving regulatory conditions.
Reporters from "China Business Journal" learned that on May 7th local time, TikTok and ByteDance filed a lawsuit in U.S. federal court, seeking a ruling that the "Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT) Act," which aims to ban TikTok, is unconstitutional, and to prevent the enforcement of the law. In the lawsuit, TikTok stated, "This is the first time in Congress's history that a law has been enacted to impose a permanent, nationwide ban on a specific speech platform."
U.S. financial giants, including Citibank and JPMorgan, are collaborating to leverage distributed ledger technology to explore the centralized settlement of multiple assets on a single platform.
Amidst the chaotic landscape of meme coins, one project emerges with a bold vision: SCREAM. It endeavours to reshape our perception of meme coins and omit aimless token surfing.
$21M worth of wstETH returned to ZKasino's multisig wallet, renewing victims' hope amid investigations and arrests following the alleged exit scam.
Nigeria dismisses Binance's bribery claims, urging the crypto exchange to address money laundering and tax evasion allegations amid escalating government scrutiny.
Argentinian President Javier Milei met with Musk and announced that the country will use natural gas to mine Bitcoin, aligning with a pro-cryptocurrency stance.
Publicly traded companies collectively hold over $19 billion worth of Bitcoin in their treasuries. Leading the pack are prominent names such as MicroStrategy, Tesla, and Coinbase, along with Bitcoin mining firms.
Nigeria's currency crisis and regulatory crackdown on cryptocurrency platforms like Binance have escalated tensions, leading to the detention of Binance executives and accusations of bribery. The situation reflects Nigeria's struggle to control its currency amidst a growing crypto market, posing challenges and opportunities for the nation's economic future.
Binance was fined by the Canadian financial regulator for violating anti-money laundering rules. The Wall Street Journal revealed that Binance found market maker DWF Labs involved in market manipulation.