#coin

A U.S. court has convicted Chinese businessman Miles Guo (real name Guo Wengui) of racketeering conspiracy and a $1 billion fraud. Simultaneously, the U.S. Securities and Exchange Commission (SEC) has also charged him with cryptocurrency fraud linked to his H-Coin project, which raised about $500 million.

American rapper Waka Flocka Flame (born Juaquin Malphurs) has launched his own cryptocurrency token, FLOCKA, on the Solana blockchain. He announced the coin on X with a video declaring "We live right now," which has already garnered over 280,000 views from his 1.8 million followers.

The announcement of new payment functionalities on X has catalyzed a surge in interest for meme coins such as Dogecoin (DOGE), Floki (FLOKI), and Shiba Inu (SHIB). This growing enthusiasm is evident in the significant increase in futures open interest for these coins. Despite the heightened trading volumes, there has been little impact on their prices.

Shytoshi Kusama and Kaal Dhairya, the anonymous developers behind the iconic meme coin SHIB, recently sat down for a live interview with a journalist from Arabian Business in an undisclosed country.