Elon Musk Faces Lawsuit Over Dogecoin Insider Trading Allegations
Investors in Dogecoin (DOGE) have alleged in a court filing that Tesla CEO Elon Musk engaged in insider trading by manipulating the cryptocurrency's price with his social media activity. The accusations are an extension of a $258 billion class action lawsuit filed in June 2022, claiming that Musk's actions caused significant losses for DOGE holders. The filing accuses Musk of deliberate market manipulation and refers to his public appearances and social media posts that boosted DOGE's price. The lawsuit also claims that Musk and

CARDANO PRICE ANALYSIS CMP-$0.3800: "ADA Price Forecast: $0.5 within Reach as Cardano Gains Traction"
During the last three weeks, Cardano's price has shown stability, maintaining a consistent level above the support trendline of the channel pattern.
Throughout this period, investors and traders have actively accumulated assets at this dynamic support level. This increased accumulation has led to a positive change in market sentiment, evident in the bullish reversal witnessed on the daily chart.
Cardano's value is surging beyond $0.380 against the US Dollar, following a similar trajectory as B

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Dormant Ethereum Wallet Awakens, Moves Millions After 8 Years
An Ethereum wallet that had been inactive since 2015 suddenly moved 8,000 ETH, worth $14.7 million, in just two minutes. The wallet had acquired the tokens during Ethereum's ICO in 2015 when each ETH was worth 31 cents. This transfer caught the attention of blockchain analytics service Lookonchain. Speculations arose regarding the reason for the transfer, including the possibility of the owner being released from prison. Similar instances of dormant ICO-era Ether wallets awakening have been observed recently. Dormant wa

MakerDAO Considers Increasing DAI Savings Rate to 3.33%
The MakerDAO community plans to vote on a proposal to increase the Dai stablecoin (DAI) savings rate (DSR) from 1% to 3.33%. This move is expected to have a significant impact on interest rates in decentralized finance (DeFi). The DSR allows users to earn interest by locking their DAI into MakerDAO's smart contracts. The proposal, submitted by risk management firm Block Analitica, also aims to adjust stability fees on specific collateral types. Block Analitica's founder, Primoz Kordez, predicts that a substantial amount of capital will fl

Norges Bank Raises Concerns Over Crypto Regulation
Norway's central bank, Norges Bank, has expressed concerns over international regulation and its compatibility with the country's interests in its annual Financial Infrastructure Report. The report emphasizes the need for adequate regulation of crypto assets, pointing out that targeted regulations often fail to address risks posed by new technological developments. The upcoming EU's Markets in Crypto-Assets (MiCA) regulation, which may also apply to Norway, is seen as potentially insufficient. Norges Bank suggests that Norwegian authorities sh

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MetaMask Clarifies: No Taxes Being Collected from Crypto Users
ConsenSys, the company behind crypto wallet MetaMask, has debunked reports claiming that MetaMask was collecting taxes from cryptocurrency users. On May 22, the company clarified to its 270,000 Twitter followers that these reports are entirely false and stem from a misinterpretation of MetaMask's service terms. ConsenSys made it clear that MetaMask's terms have no relation to taxing users' income; they are solely applicable to products and subscription plans. The company stated that MetaMask does not collect any taxes

Grayscale and Bitwise Step Back from Ether Futures ETF Proposals
Grayscale and Bitwise halt ETH futures ETF plans due to SEC scrutiny. Grayscale removes Ethereum futures ETF mentions from its SEC filing, following a warning to withdraw its Filecoin Trust application. Bitwise withdraws its application for an Ether-based futures ETF, stating they no longer intend to seek effectiveness for the fund. The move comes amid growing scepticism from regulators towards crypto ETF products, despite the debut of a Bitcoin-based futures ETF in late 2021. The industry awaits further developments regarding th