Crypto news, Farcaster updates, last 24 hours

Published 9/17/2025, 4:53:36 PM

Here's a summary of the most interesting crypto news stories from the last 24 hours, including insights from Farcaster:

Most Interesting Story (from Farcaster):

A detailed report on Farcaster by alekseyf.eth exposed a "streamer token" scam on the PumpFun platform. A respected figure in the crypto space allegedly created a token, promoted it, and then manipulated its price through a series of on/off live streams, leading to nearly $1 million in trading volume and significant losses for many users. The cast provides on-chain traces and links to support the claims, highlighting a concerning instance of potential market manipulation and fraud within the crypto community.

Other Notable News from the last 24 hours:

  • Regulatory Developments:
    • The Cboe is seeking SEC approval for staking in its 21Shares Ethereum ETF.
    • The SEC has delayed decisions on several other ETFs tied to staking and altcoins.
    • South Korea is moving to gradually permit corporate crypto trading as part of market reforms.
    • A Denver pastor was ordered to repay $3.39 million after defrauding over 600 church members through a fraudulent crypto token scheme.
  • Market and Institutional Activity:
    • JPMorgan has increased its crypto holdings via ETFs, though remaining cautious.
    • Tether has refuted JPMorgan's suggestion that it will sell Bitcoin to navigate regulation.
    • Bitcoin Spot ETFs saw a net inflow of $260.02 million yesterday, marking six consecutive days of positive inflows.
    • Korean investors have reportedly shifted $657 million out of Tesla and poured over $12 billion into crypto assets, indicating a growing preference for digital assets.
    • London's LMAX is set to offer 100X-leveraged crypto bets for institutions.
  • Price Predictions and Trends:
    • Some analysts predict Bitcoin could hit $120,000 on Wednesday, citing factors like centralized exchange withdrawals, spot ETF inflows, and BTC's increasing use as a financial hedge.
    • Dogecoin bargain hunters are reportedly snapping up 680 million DOGE, with a focus on DOGE-BTC and potential Fed rate cuts.
    • The FOMC decision is expected today, which could significantly impact the crypto market.

The PumpFun scam story stands out due to its detailed exposé of a real-world impact on users and the alleged involvement of a prominent figure, underscoring the ongoing challenges of trust and security in the decentralized space.