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Wintermute: The Hidden Hand Behind the Memecoin Boom
You are here: Home / News / Altcoin News / Wintermute: The Hidden Hand Behind the Memecoin Boom Wintermute is actively expanding its presence in the memecoin market, particularly focusing on high-value projects like PEPE and GOAT. The firm’s involvement with Binance, with 11 out of its top 20 memecoin holdings listed on the exchange, underscores its influence in the market. Wintermute’s holdings in various meme coins and its frequent trading activity suggest a proactive approach to capitalizing on the meme coin market. Crypto market maker, Wintermute is increasingly expanding its footprint into the world of meme coins. A significant...
$2.5 Billion Russian Crypto Laundering Ring Smashed
By Mark Hunter 2 months agoFri Sep 27 2024 10:21:06 Reading Time: 2 minutes The U.S. government has seized several crypto domains linked to over $2.55 billion in illicit transactions Two Russian nationals have been charged with operating illegal exchanges that facilitated large-scale money laundering The exchanges, including Cryptex and PM2BTC, processed a significant portion of their transactions tied to criminal activities The U.S. Department of Justice (DOJ) has charged two Russian nationals , Sergey Medvedev and Timur Shakhmametov, in connection with a large-scale cryptocurrency money laundering operation. According to the DOJ, the platforms, Cryptex and PM2BTC, processed more than...
Australian Dollar benefits from RBA's hawkish hold
AUD got some momentum after RBA’s hawkish hold. Governor Lowe confirmed that the bank has no rush on rate cuts. Markets are now pricing in a 25 bps cut by year-end. The AUD/USD pair is trading around 0.6500, up around 0.30% on the day. The Australian Dollar is benefiting from the Reserve Bank of Australia (RBA) hawkish hold. The RBA left its policy rate unchanged as expected on Tuesday, but Governor Philip Lowe said that no rate cut is on the table in the near term. This has helped to support the Australian Dollar, as it suggests that the RBA...