Solana Memecoin Allegations Rock X Competition Winner

Bubblemaps has brought forward serious accusations against the winner of X's $1 million article competition, alleging the individual profited approximately $600,000 from memecoin rug pulls on the Solana blockchain. This incident sheds light on the volatile and often risky nature of memecoin markets and raises questions about market integrity.

Hong Kong Broadens Crypto Trading Landscape with New Rules

In a significant development for the digital asset sector, the Hong Kong Securities and Futures Commission (SFC) has issued new guidance. This guidance expands the scope of crypto services, allowing licensed brokers to provide financing for crypto asset trading using a wider range of collateral. This move is set to facilitate margin financing and perpetual contracts, enhancing the accessibility and sophistication of crypto trading within Hong Kong's regulated environment.