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Binance Labs, the venture capital arm of Binance, has announced its latest investment in Thena, a decentralized exchange (DEX) and liquidity protocol operating on the BNB Chain. 

Let’s break down what Thena is, its unique features...

What Is Thena?Launched in January 2023, Thena is a relatively new entrant in the DeFi space. Despite its young age, it has quickly gained traction among users, thanks to its unique ve(3,3) tokenomics model. This approach optimizes liquidity and incentivizes participation, setting Thena apart from other decentralized exchanges.

The platform aims to become the "SuperApp" of DeFi by offering a comprehensive suite of products that cater to a wide range of user needs. Here’s an overview of its core features:

THENA: A spot DEX for swapping digital assets, earning passive income, and trading.ALPHA: A perpetual DEX with leveraged trading on over 270 crypto pairs.ARENA: A gamified social trading platform for competitions and growth tools.WARP: An upcoming launchpad for new projects.Why Binance Labs Chose ThenaThe decision to invest in Thena stems from its innovative approach to liquidity management and user-centric design. Alex Odagiu, Investment Director at Binance Labs, described Thena as a key player in the next wave of DeFi growth. He praised the platform's focus on creating a seamless user experience and its ability to attract a diverse user base.

Thena’s unique model allows it to meet various liquidity needs, including stablecoins, tokenized real-world assets (RWAs), and emerging asset classes like AI tokens. This flexibility makes it a valuable partner for DeFi protocols looking to enhance their liquidity.

The ve(3,3) TokenomicsAt the heart of Thena’s success is its ve(3,3) tokenomics model, which incentivizes long-term participation and liquidity provision. Key aspects include:

Governance via veTHE: Users can lock their $THE tokens for up to two years to receive veTHE, an ERC-721 governance token. This gives them voting power and access to platform-generated revenue.Revenue Sharing: veTHE holders earn 90% of the platform's trading fees and 10% of the voting incentives deposited by protocols.Flexibility: veTHE tokens can be increased, split, or sold on secondary markets, ensuring liquidity and engagement.This model creates a positive feedback loop that benefits all stakeholders, from liquidity providers and traders to DeFi protocols.

Thena’s Vision: The "SuperApp" of DeFiThena envisions itself as a decentralized alternative to centralized exchanges (CEXs), offering a robust yet user-friendly ecosystem. Its vision is anchored on mass user onboarding and a CEX-grade experience. According to the Thena team, the key features include:

Wallet Abstraction: Simplifies the onboarding process.Fiat On/Off Ramp: Eases the transition between traditional finance and DeFi.Cross-Chain Bridges: Enables seamless asset transfers across blockchains.Self-Custodial Services: Offers staking for major assets like BTC, ETH, and BNB.Permissionless Competitions: Monetizes trading activities in a gamified format.These features aim to make DeFi accessible to both beginners and seasoned users.

Ecosystem Growth and Community EngagementThena has committed a significant portion of its token supply to initiatives that drive ecosystem growth and community participation:

Airdrops: Distributed 44% of its initial supply to users, protocols, and NFT minters.Ecosystem Grants: Allocated 25% of the supply to support innovative projects.Team Alignment: 18% of tokens were distributed to the team, ensuring long-term commitment.

[PRESS RELEASE – Transylvania, Romania, January 9th, 2025]

GraFun, a leading memecoin launchpad on EVM, in collaboration with industry giants Floki and DeXe, has introduced an innovative token launch mechanism called Alpha Launch, set to redefine how tokens and memecoins are launched on the market. Supported by BNB Chain and Thena, this groundbreaking feature resolves key challenges faced by token creators and offers a flexible, secure, and efficient launch strategy.

Redefining Token Launches

Alpha Launch addresses several core market issues:

Direct DEX Launch: Unlike traditional bonding curves, Alpha Launch bypasses internal trading models, enabling creators with existing liquidity to deploy on DEXs directly. This streamlined approach ensures faster and simpler launches Advanced Airdrop Capabilities: Creators can execute flexible airdrops tailored to their needs, including multi-tier distributions with customizable lists, schedules, and allocation parameters. This allows them to incentivize communities, conduct presales, and drive adoption Anti-Sniping Protection: Powered by DeXe’s advanced algorithms, Alpha Launch includes anti-sniping mechanisms to protect liquidity pools. By analyzing bot behavior in the first blocks, the system prevents bots from draining liquidity and safeguards fair trading conditions for the community Locked Liquidity: Post-launch liquidity is securely locked in the FlokiFi Locker, ensuring trust and transparency while preventing rug pulls. Collaboration of Industry Leaders

This pioneering launch mechanic is a testament to the collaboration between GraFun, Floki, and DeXe. Each partner contributes cutting-edge solutions to the platform, complemented by the support of BNB Chain. Additionally, Thena, a rapidly growing and promising DEX, has been integrated into the Alpha Launch. It allows creators to launch their tokens on Thena and PancakeSwap, with the option of deploying liquidity simultaneously on both platforms and ensuring parallel anti-sniping protection. It provides creators with enhanced flexibility and security for their token launches.

A First Major Case: BAD Coin

The first use case for Alpha Launch has already been announced: BAD Coin, a groundbreaking memecoin and the first primary AI-agent token on the BNB Chain. Supported by GraFun, Floki, DeXe, Thena, and BNB Chain, BAD Coin will fully utilize all Alpha Launch features, including airdrops, anti-sniping protection, liquidity locking, and simultaneous liquidity deployment on PancakeSwap and Thena.

BAD Coin’s presale has been successfully conducted on TokenFi, and the token launch on GraFun is scheduled for January 20, 2025. To celebrate this milestone, GraFun’s most active on-chain contributors will receive an exclusive airdrop to reward their engagement and support.

Exclusively on BNB Chain

Alpha Launch and its first major case, BAD Coin, highlight GraFun’s commitment to driving innovation and supporting creators with best-in-class tools. With the support of BNB Chain and key industry partners, Alpha Launch is set to transform the token launch landscape.

Stay tuned for more updates as GraFun continues to take charge of token innovation.

About GraFun

GraFun is the top-performing memecoin launchpad, dedicated to making token creation accessible, secure, and cross-chain. With a track record of rapid growth and innovation, GraFun empowers anyone to launch and trade memetokens on multiple chains inside Telegram Messenger.

For updates, follow GraFun on X: https://x.com/grafunlabs or visit https://gra.fun/

Venus Vanguard Team unveils Venus Pre-V5 Quantum Singularity Proposal: Redefining DeFi with Strategic Moves and Long-Term Growth

What is Thena? Launched on January 5, 2023, Thena is a decentralized exchange (DEX) and liquidity layer built on BNB Chain and opBNB. It serves as a community-driven hub for various DeFi activities, designed to make decentralized finance accessible to users of all experience levels.

Thena aims to provide a centralized exchange (CEX)-like experience while maintaining the benefits of decentralization. The platform positions itself as a "SuperApp" for DeFi by combining trading capabilities, liquidity provision tools, and social features in one ecosystem.

As an open liquidity layer, Thena fosters collaboration and innovation within the BNB Chain ecosystem, creating opportunities for both users and protocols to participate in various DeFi activities.

The Thena Ecosystem: Key Features and ComponentsDEX and Liquidity MarketplaceThena's decentralized exchange offers spot trading with low slippage and efficient pricing through its automated market maker (AMM) system. When users enter the platform, they gain access to spot trading with competitive rates, limit swap functionality for more precise trading, and concentrated liquidity pools designed for maximum capital efficiency.

The heart of Thena's ecosystem is its liquidity marketplace, built on the innovative ve(3,3) model. This elegant system combines elements from Curve's vote-escrow system and Olympus's anti-dilution mechanics. Through this model, protocols can actively incentivize liquidity by influencing veTHE holders' votes. This influence in turn dynamically adjusts $THE reward emissions for specific pools.

What sets Thena apart is its integrated ORBS Liquidity Hub, which optimizes transactions by tapping into external liquidity sources. This Hub leverages both onchain solver auctions and decentralized orders via API, and automatically falls back to the AMM if a better price isn't available. The result is enhanced liquidity depth and superior price execution compared to conventional DEXes.

Behind the scenes, the Thena DEX utilizes Algebra Integral to seamlessly integrate concentrated liquidity and dynamic fees. This integration significantly enhances capital efficiency for all participants. The platform's modular design takes flexibility to another level, allowing for granular customization of AMMs through plugins (hooks) that give liquidity providers unprecedented control over their strategies.

Thena's UI abstracts the complexity of the liquidity hub (official docs)ALPHA: Perpetual Trading PlatformThena's ALPHA platform takes trading to the next level, enabling perpetual trading with up to 50x leverage across more than 160 token pairs. Traders who use ALPHA benefit from funding rates that are approximately 4x lower than competitors, making it a cost-effective choice for frequent traders.

What truly sets ALPHA apart is its innovative "Intent-Based" approach. This system connects users directly to third-party liquidity providers, creating a more efficient marketplace. Unlike traditional perpetual platforms, ALPHA sources its liquidity from brokers rather than counterparty pools. This strategic difference allows the platform to access deeper liquidity and avoid the scaling issues that plague other perpetual DEX platforms, especially during periods of high trading volume.

ARENA: SocialFi and Trading CompetitionsARENA transforms the trading experience into a social adventure, serving as a hub for trading competitions within Thena's ecosystem. This feature enables partners to create customizable competitions that bring communities together through gamified trading activities. Users develop their presence with personalized social profiles and unique .thena IDs.

These competitions boost token awareness and deepen liquidity while creating an engaging experience that enhances user retention. With plans to implement copy trading functionality, ARENA will soon allow newer traders to learn directly from experienced market participants.

Cross-Chain Capabilities: Thenafi BridgeThe Thenafi Bridge, powered by Polyhedra Network, connects BNB Chain (L1) and opBNB (L2), facilitating seamless asset transfers across blockchains. This cross-chain functionality expands user flexibility and accessibility across the broader blockchain ecosystem.

As DeFi continues to span multiple chains, the Thenafi Bridge keeps Thena at the forefront of innovation while maintaining the platform's commitment to security and efficiency.

Upcoming Features and ServicesBuilding on its solid foundation, Thena is developing several key features to expand its ecosystem. The team is creating Warp, an IDO launchpad designed to help Web3 startups raise funding while onboarding users to BNB Chain projects.

To bridge traditional finance with DeFi, Thena is implementing fiat on/off ramps alongside debit card integration. Users will soon access self-custodial earn services for staking popular assets like BTC, ETH, BNB, and USDT while maintaining control of their funds.

The planned Web3 banking services further demonstrate Thena's commitment to creating a comprehensive financial ecosystem that will serve both crypto natives and newcomers.

The ve(3,3) Model: Tokenomics and Governance$THE Token Utility and MechanicsThe $THE token is the native utility token that powers the entire Thena ecosystem. It functions as the platform's lifeblood, rewarding liquidity providers through carefully calculated emissions, enabling community members to participate in governance voting for critical platform decisions, and providing revenue-sharing opportunities through various staking mechanisms.

The token launched with an initial supply of 50 million tokens, which were distributed according to a detailed allocation plan. This included airdrops to users and protocols, ecosystem grants, team allocation, and initial liquidity provision. According to current CoinMarketCap data, $THE has grown to a total supply of 246.96M, a maximum supply cap of 326.12M, and a circulating supply of 99.99M tokens.

What truly stands out about Thena's tokenomics is that token emissions aren't rigidly hardcoded like many other protocols. Instead, they're determined through a genuinely decentralized process where community voices matter. With each week a new “epoch” where veTHE holders are allowed to vote on emission allocations, ensuring that the community maintains real control over token distribution and the direction of the platform.

Initial distribution schedule for THE (official docs)veTHE: Vote-Escrow GovernanceThe veTHE system rewards long-term token holders, aligning stakeholder interests with the platform's success. Users lock $THE to receive:

Voting power proportional to lock duration and amountWeekly rebases that reduce dilution effectsAbility to influence gauge weights for pool emissionsProtocols can deposit incentives in the marketplace, and veTHE holders vote on "gauges" to allocate emissions to pools. This creates a system where long-term stakeholders capture fees and bribes while helping direct platform resources.

Vision: Building the DeFi SuperAppModular Liquidity LayerThena aims to become a comprehensive modular liquidity layer catering to diverse market needs, including stablecoins, tokenized real-world assets (RWAs), memecoins, AI tokens, and other emerging digital assets.

The platform focuses on wallet abstraction and user-friendly onboarding processes. This approach aims to rival the user experience found on centralized platforms like Binance, reflecting Thena's core mission: making DeFi accessible without sacrificing decentralization principles.

Community-Driven ApproachFrom its inception, Thena has prioritized community governance. veTHE holders control emissions, ensuring decentralization rather than relying on traditional hardcoded models. The platform encourages active participation through:

Strategic airdrops (50% $THE, 50% veTHE)Governance proposals and votingSocial engagement across multiple channelsStrategic PartnershipsThena has established collaborations with several protocols and organizations to enhance its ecosystem:

Venus Protocol: A soft merger valued at $4.5 million, integrating lending and AI-driven strategiesArbitrum Foundation: Cross-chain expansion effortsP2P.org: Infrastructure and technical supportBNB Chain: Participation in hackathons and community eventsThese partnerships help Thena expand its capabilities while remaining focused on its core strengths.

Security and Technical FoundationAudits and Code Protection

Thena’s codebase, inspired by proven DEX protocols, is fortified by top-tier audits—V1 by PeckShield, V2 by OpenZeppelin, and a recent nod to Hacken per a February 2025 update. On real-time protection, Thena’s stance is less clear: official docs spotlight Lossless’s Aegis system, while a 2025 blog pivots to Hypernative, hinting at either a dual approach or an unconfirmed shift.

Multi-Signer GovernanceTo enhance security, Thena employs a 4/6 signer system:

3 signers from the Thena team3 signers from known entities like Ankr and DEUS FinanceAll transactions require a 12-hour timelock periodThis system provides additional protection against potential security risks while maintaining operational efficiency.

Community and Social EngagementGlobal Community PresenceThena has built an active and engaged community of DeFi enthusiasts from around the world. The platform's official Telegram channel serves as a central hub for announcements and discussions. At the same time, its Discord server has grown to over 17,000 members who actively share trading strategies, technical insights, and feedback on platform developments.

Beyond digital connections, Thena extends its community engagement through regular participation in industry events and hackathons. The team makes its presence known at major gatherings like ETH Denver, where they showcase their technology and connect with potential partners and users. By supporting BNB Chain hackathons and hosting community meet-ups, Thena creates opportunities for face-to-face interactions that strengthen relationships and foster innovation within the ecosystem.

SocialFi IntegrationWhat sets Thena apart from traditional DeFi platforms is its seamless integration of social elements into the financial experience. The platform's innovative SocialFi components, especially ARENA's personalized .thena IDs and dynamic trading competitions, create a unique blend of DeFi functionality with social engagement that keeps users connected and involved.

These social features aren't just for show—they're designed with practical incentives in mind. Key opinion leaders (KOLs) can receive up to 25% of prize pools for community-driven contests, creating a powerful motivation system that encourages broader participation and helps spread awareness of the platform across various communities and networks.

The vibrant community Thena has cultivated doesn't just power its present ecosystem—it actively shapes the platform's evolution. With strong user engagement providing continuous feedback and participation, Thena is well-positioned to advance its roadmap with features that truly meet market needs.

The Road Ahead for ThenaLooking forward, Thena's roadmap focuses on expanding Web3 banking capabilities, supporting real-world asset integration, implementing AI-driven DeFi strategies through partnerships like the one with Venus, and enhancing cross-chain functionality. Each of these initiatives aligns with Thena's vision of creating a comprehensive DeFi ecosystem that serves users across various blockchain networks.

Conclusion: Thena's Role in DeFi EvolutionThena represents a comprehensive approach to decentralized finance on the BNB Chain ecosystem. By combining trading, liquidity provision, social features, and strong community governance, the platform effectively bridges the gap between traditional finance and DeFi.

The platform's focus on user experience, capital efficiency, and protocol incentives positions it as a significant contributor to the BNB Chain ecosystem's growth. As Thena continues developing its features and expanding partnerships, it remains focused on its core mission: onboarding the masses to DeFi through a seamless experience that maintains true decentralization.

Ready to explore Thena? Start by visiting thena.fi and joining the community on X, Discord or Telegram. New users might begin with spot trading before exploring ARENA's social competitions or trying the ALPHA perpetual platform for more advanced trading.

DeFi Platform Venus Protocol Hit by $3.7 Million Flash Loan Hack

Decentralized lending platform Venus Protocol has reportedly suffered a suspected flash-loan attack on its Core Pool on BNB Chain, leading to losses of more than $3.7 million. 

On-chain data shows the attacker manipulated supply caps using the Thena (THE) token, allowing them to borrow multiple assets from the protocol.

How the Venus Protocol Attack Happened?According to blockchain data, the attacker used an address starting with 0x1a35…6231 to exploit the system. The strategy began months earlier, when the attacker slowly accumulated around 84% of the THE supply cap (14.5M tokens) over nine months starting in June 2025.

The real exploit occurred when the attacker bypassed the normal deposit process by directly transferring tokens to the protocol contract. 

This allowed them to exceed the supply cap and build a massive 53.2 million THE collateral position, which was nearly 3.7 times the allowed limit.

On-chain data shows Venus Protocol was suspected to suffer a flash-loan attack. The attacker address 0x1a35…6231 obtained about 20 BTC, 1.5 million CAKE, and 200 BNB, totaling over $3.7 million, after using a large amount of THE as collateral on Venus to borrow CAKE, BTCB, and… pic.twitter.com/qnyISI5pp5

— Wu Blockchain (@WuBlockchain) March 15, 2026 Borrowing and Price ManipulationUsing the inflated collateral, the attacker began borrowing large amounts of assets, including:

Around 20 BTC in wrapped BitcoinAbout 1.5 million CAKE tokensNearly 200 BNB1.58 million USDCTo maximize the exploit, the attacker repeatedly followed a loop strategy: deposit THE, borrow assets, buy more THE, and wait for the TWAP oracle price update to increase the collateral valuation. 

This pushed the price of THE from around $0.263 to nearly $0.563 before the market eventually collapsed to about $0.22 during liquidation.

Venus Protocol RespondsFollowing the incident, the team behind Venus Protocol announced precautionary measures. Borrowing and withdrawals of THE have been temporarily paused, along with several markets that showed high liquidity concentration, including BCH, LTC, UNI, AAVE, FIL, and TWT.

The protocol confirmed that all other markets remain operational and unaffected while the investigation continues.

The team also stated it will release a detailed report once the full analysis of the exploit is completed.

Story Ends Here

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Read the Next News

A threat actor bypassed Venus Protocol's supply caps using Thena tokens to borrow multiple assets in what analysts suspect was a flash loan or price manipulation attack on BNB Chain.

Venus Protocol on BNB Chain has been hit with a $3.7 million exploit involving manipulation of the platform's supply cap mechanisms. According to on-chain data, the threat actor used Thena (THE) tokens to bypass maximum supply restrictions and borrow several different digital assets from the protocol.

Analysts suspect the attack leveraged either flash loan tactics or price manipulation to artificially inflate the collateral's value. Following the incident, Venus Protocol suspended borrowing and withdrawal functions for the THE token as a precautionary measure, though other markets on the platform remained unaffected.

Sources: Cointelegraph

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

TLDR Venus Protocol, a major lending platform on BNB Chain, suffered a loss exceeding $3.7 million due to THE token price manipulation. Hackers utilized a “donation attack” technique to circumvent Venus’s supply limitations by transferring tokens directly to the smart contract. The malicious actors used artificially inflated THE tokens as collateral to withdraw CAKE, USDC, BNB, and Bitcoin. Venus Protocol implemented emergency measures, freezing all THE token borrowing and withdrawal operations during their ongoing investigation; approximately $2.15 million in uncollateralized debt remains. The exploitation method matches a previously identified security weakness in Compound-based lending protocols that Venus’s team had previously downplayed despite audit warnings. On Sunday, Venus Protocol, which operates as the dominant lending service on BNB Chain, became the target of a sophisticated price manipulation scheme focused on THE, the native token of Thena.

🚨 We have identified unusual activity involving the $THE pool and are actively investigating.

At this time, only the $THE and $CAKE markets appear to be affected.

We will share updates as our investigation progresses. We appreciate your patience and support.

— Venus Protocol (@VenusProtocol) March 15, 2026

The malicious actor artificially inflated THE’s market value from approximately $0.27 to nearly $5 by taking advantage of limited on-chain liquidity. Their strategy involved depositing THE tokens as collateral, withdrawing alternative assets, purchasing additional THE with those borrowed funds, and cycling through this process as Venus’s price oracle continuously adjusted to the manipulated market value.

The perpetrator circumvented Venus’s established supply restrictions on THE through a donation attack methodology. This involved sending THE tokens directly into the vTHE smart contract rather than using standard deposit mechanisms. The technique artificially elevated the exchange rate recognized by the protocol’s system, effectively nullifying the supply cap controls.

Leveraging the artificially valued THE as backing, the exploiter withdrew 6.67 million CAKE tokens, 1.58 million USDC, 2,801 BNB, and 20 Bitcoin from the protocol.

Total damages from the incident exceed $3.7 million, as reported by Wu Blockchain. Independent blockchain researcher EmberCN calculated the outstanding bad debt at approximately $2.15 million, consisting of 1.18 million CAKE tokens and 1.84 million THE tokens.

The wallet address responsible for the attack received its initial funding of 7,400 ETH through Tornado Cash, a cryptocurrency mixing platform.

Venus Protocol announced via X that they detected “unusual activity” within the THE liquidity pool and suspended all THE borrowing and withdrawal functions as a safety measure during their ongoing examination.

The Attacker May Have Lost Money The exploitation attempt didn’t unfold as smoothly as intended. Following the first borrowing cycle, Venus’s time-weighted average price oracle had only adjusted THE’s valuation to approximately $0.50, significantly lower than the artificially pumped market price.

The attacker persisted, continuing to acquire THE using borrowed capital. However, selling pressure proved overwhelming. The attacker’s account health factor declined toward 1, activating liquidation protocols.

THE tokens were sold into an orderbook with virtually no liquidity depth. The token’s value plummeted to roughly $0.24, falling beneath its pre-attack valuation. Weilin Li, an on-chain security researcher who initially identified the attack, suggested the perpetrator likely generated minimal on-chain profit and potentially incurred a net loss.

A History of Bad Debt at Venus This incident isn’t Venus Protocol’s first encounter with losses stemming from price manipulation tactics. A manipulation scheme involving its native XVS token in 2021 resulted in over $95 million in bad debt accumulation.

The platform also absorbed $14 million in uncollateralized debt during the Terra/LUNA collapse in 2022. A donation attack targeting Venus’s ZKSync implementation in February 2025 generated over $700,000 in bad debt using virtually identical exploitation techniques to Sunday’s incident.

The donation attack vulnerability exploited in this breach represents a documented security flaw in Compound-forked lending protocols. Venus’s Code4rena security assessment had specifically identified this risk, though the development team challenged the severity of the finding at that time.

As of this publication, THE was valued at $0.2255, representing a decline of more than 17% over the preceding 24-hour period.

TLDR Dogecoin price dropped to $0.38, showing a 2.5% decline since last Wednesday after hitting a three-year high of $0.43 New meme coin “Just a Chill Guy” (CHILLGUY) surged 400% in one day, reaching $408 million market cap Other dog-themed tokens (SHIB, BONK, WIF) are down, except FLOKI which rose 15% after Coinbase listing Mining expert suggests miners are selling DOGE holdings while profitable Despite recent dip, Dogecoin still up 163% over 30 days with $55 billion market cap Dogecoin, the seventh-largest cryptocurrency by market value, has entered a cooling period after experiencing major price gains in recent weeks.

The popular meme coin currently trades at $0.38, marking a 0.5% decrease over the past 24 hours and a 2.5% decline since last Wednesday.

The current trading pattern represents a notable shift from the coin’s recent performance. Just over a week ago, Dogecoin reached a three-year high of $0.43, briefly revisiting the $0.40 mark on Tuesday during Bitcoin’s push to new all-time highs.

While Dogecoin takes a breather, other animal-themed tokens are showing mixed results. Shiba Inu (SHIB), Bonk (BONK), and Dogwifhat (WIF) have all recorded daily losses. Among these, only BONK maintains positive performance over the weekly timeframe.

One exception to the downward trend is Floki (FLOKI), which has gained approximately 15% following an announcement of its listing on Coinbase. The news has provided a boost to the token’s market performance despite the general cooling in the meme coin sector.

A newcomer to the scene, Just a Chill Guy (CHILLGUY), has captured market attention with remarkable gains. The Solana-based meme coin has experienced a 400% price increase in just 24 hours, reaching $0.41 and achieving a market capitalization of $408 million. The token, which launched on Monday, draws inspiration from a viral TikTok featuring an anthropomorphic dog character.

Chill Guy Price on CoinGecko Market experts have offered various explanations for Dogecoin’s recent slowdown. Wintermute OTC trader Jake Ostrovskis attributes the cooling to broader market dynamics, noting that many alternative coins are experiencing similar patterns. He points to Bitcoin’s strong performance as a factor drawing liquidity away from other cryptocurrencies.

The mining sector may also play a role in the current market conditions. BIT Mining Chief Economist Youwei Yang highlights that mining Dogecoin alongside Litecoin remains highly profitable, with returns up to three times higher than Bitcoin mining, depending on the equipment used.

Yang suggests that miners might be taking advantage of elevated prices to sell their accumulated holdings. “Mining LTC/DOGE is at a very lucrative level,” he told Decrypt, adding that miners are likely selling both recent and historical holdings to secure profits.

Dogecoin Price on CoinGecko Despite the recent dip, Dogecoin’s longer-term performance remains strong. The cryptocurrency has recorded a 163% increase over the past 30 days, according to CoinGecko data, maintaining a market capitalization above $55 billion.

The coin’s growth trajectory has been notably influenced by Elon Musk, CEO of Tesla and SpaceX, who began promoting Dogecoin on social media in 2019. His continued support through the platform formerly known as Twitter, now X, has helped build a dedicated following for the cryptocurrency.

Mining activity continues to play a crucial role in Dogecoin’s market dynamics. The current profitability of mining operations has created opportunities for miners, though some experts advise taking profits while prices remain elevated.

The relationship between mining activities and market prices remains an important factor to watch. Yang emphasized the practical aspects of mining operations, suggesting that miners should consider securing profits to cover operational costs like electricity bills.

The cryptocurrency’s price movements occur against a backdrop of broader market activity. While Bitcoin reaches new highs, alternative coins including Dogecoin are experiencing varying degrees of price adjustment.

Recent trading patterns suggest a market that’s taking time to digest previous gains. The daily trading volume and price action indicate a period of consolidation following the intense activity of previous weeks.

Current market data shows that while immediate price momentum has slowed, the overall market structure for Dogecoin remains stable, with support levels holding at current trading ranges.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]

Creator enforces copyright on viral ‘Chill Guy’ meme profits. Mixed reactions emerge over intellectual property in meme culture. Phillip Banks, the artist behind the viral “Just a Chill Guy” meme, has announced plans to enforce copyright protection on his creation. The meme, featuring a humanoid dog exuding nonchalance with a casual smirk and hands in its pockets, became an internet sensation, offering relatable advice about simplicity and stress avoidance.

Initially posted on X (formerly Twitter) in November 2024, the character quickly gained traction across platforms like TikTok, inspiring countless templates and videos. Its popularity soared further when a memecoin bearing the meme’s name entered the crypto market, surging by 538% within just two days. As of now, the coin has a market cap of $322.99 million, though it peaked at around $580 million.

just putting it out there, chill guy has been copyrighted. like, legally. I'll be issuing takedowns on for-profit related things over the next few days

— philb (@PhillipBankss) November 21, 2024 Meanwhile, Banks took to X on Thursday to address the rapid monetization of his artwork in the crypto space. “Chill guy has been copyrighted. Like, legally,” Banks posted via his account, adding that he plans to issue takedown notices for profit-driven uses of the meme. He clarified that while he is not opposed to brands using his artwork in trends—acknowledging brands like UFC and Halo that have engaged with the meme—he strongly opposes its association with crypto projects.

Mixed Reactions The move to enforce copyright has stirred mixed reactions online. While some applaud Banks for safeguarding his intellectual property, others question the implications of copyright enforcement in meme culture, which thrives on open sharing and reinterpretation.

Moreover, notable figures, including El Salvador’s President Nayib Bukele and entrepreneur Elon Musk, have recently engaged with the “Chill Guy” meme, further elevating its visibility. However, Banks’ announcement has impacted the memecoin’s market performance, with prices dipping despite remaining 35% higher over the past 24 hours.

As the debate around intellectual property and meme culture unfolds, Banks’ stance highlights a growing tension between creators’ rights and the viral, often uncontrollable, nature of internet trends.

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TikTok Meme Coin CHILLGUY Soars 101% Despite Creator’s Legal Threats 

Why These Altcoins Are Trending Today — November 21

Phillip Banks, the artist behind the viral "Chill Guy" meme, has taken to Twitter to threaten legal action against meme coins using his art. 

Solana meme coin CHILLGUY had peaked at a $500 million market cap. But in the two hours that followed Banks’ tweet, the price plummeted 54% to $220 million. It's now up to $375 million. CHILLGUY surged by over 400% on Wednesday; the token was created less than a week ago.

“Chill guy has been copyrighted. Like, legally. I'll be issuing takedowns on for-profit-related things over the next few days,” Banks posted on Twitter, after a brief hiatus from the platform.

As Chill Guy has become an internet sensation, big celebrities—from UFC heavyweight champion Jon Jones to rapper Sexyy Red—and brands like classic Xbox franchise Halo have reposted the meme. This kind of usage the artist doesn’t mind, he said, but the creation of crypto coins crosses the line.

Banks said that he won't pursue action against "brand accounts using him as a trend," adding that it's "kinda something I don't really care about (I do just ask for credit or Xboxes).” He explained on Twitter that the usage he doesn’t like includes “mainly unauthorized merchandise and shitcoins.”

As the CHILLGUY meme coin roared throughout the week, Banks put his Twitter account on private and slammed crypto projects using his art. He claimed that his DMs and notifications were being bombarded with “crypto shit,” and that’s why he needed to take a brief break from the site.

Although that happened on Tuesday, it didn’t stop the CHILLGUY ascension as it rose from $11.45 million at the start of the day to a Wednesday peak of $510 million. On top of this, countless other tokens launched using Banks’ artwork or adjusting it to fit their needs—i.e. CHILWIFHAT, Not a Chill Guy (PHILLIP), and CHILLGIRL.

Despite this formal denouncement and threat from the Chill Guy art creator, some crypto exchanges have continued to list the token for trading on their platform. Crypto.com and Gate.io have already listed the token, while Binance’s Twitter account hinted at the possibility.

This situation echoes meme coin-fueled copyright feuds of the past. Most notably, Solana token Shark Cat (SC) used the image of an internet-famous kitten called Nala without its owners permission. This led to threats of legal action, but the two sides eventually settled outside of court with the cat owner coming to an agreement with the token team.

The CHILLGUY meme coin has created a donation wallet earmarked for Banks. At the time of writing, the wallet has $59,000 worth of Solana and nearly $240,000 worth of tokens—including $177,000 of CHILLGUY, $44,700 of REALLYCHILLGUY, and $2,500 of FWOG.

We are just 100,000 chill guys who appreciate your art @PhillipBankss

Donation wallet is set up, if you don't want the money we will donate it to a charity of your choice.

AySxUvESXdGTVT6G3psgzWahduxJx8bGkb4Ddip8sADx pic.twitter.com/XmxEN4yIah

— just a chill guy cto (@chillguycto) November 21, 2024

But despite this, Banks appears uninterested. Instead, the artist claimed that the meme coin backlash has led to him being doxxed—meaning his real identity has been leaked. Some traders apologized for the behavior of their compatriots, while others continued the volley of slams.

"Karen vibes," one trader replied, citing the pejorative term. Banks has since turned his Twitter back to private.

Edited by Andrew Hayward and Stacy Elliott

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CHILLGUY has soared to a $420 million market capitalization despite legal threats from the original artist.

A coin inspired by a viral TikTok meme is trading at a market capitalization of nearly half a billion dollars, prompting a wave of internet celebrities to try their luck in the memecoin trenches.

‘Just a Chill Guy’ is a smirking cartoon dog wearing casual clothes created by artist Philip Banks last year. The character has been making the rounds on social media, with users identifying with its calm and cool demeanour.

The CHILLGUY token launched via the Solana platform PumpFun on Nov. 15. One week later, it’s trading at a $420 million market cap and has amassed an astonishing 120,000 holders – more than PNUT and GOAT, according to HolderScan.

Major Memecoin Holder CountsThe token is sustaining momentum despite Banks threatening the project with legal action.

“Chill guy has been copyrighted. Like, legally. I'll be issuing takedowns on for-profit-related things over the next few days,” Banks said on Nov. 21, prompting the CHILLGUY token to briefly plunge by 50%.

In response, the community has created a donation wallet for Banks, hoping to get his endorsement. It currently holds roughly $300,000 in various tokens, primarily CHILLGUY.

It remains unclear whether Banks will be amenable to a compromise, as he has taken his X account private.

Meanwhile, more influencers are trying their hand at memecoins, with mixed results. Mark Kacy, who has over 5 million followers on TikTok, endorsed a KACY token on Nov. 21, sending it soaring to a $70 million market capitalization.

Retail is HereAs Bitcoin flirts with $100,000, a new cohort of retail investors is piling into the memecoin casino.

Moonshot, an app which offers easy access to Solana memecoins through its partnership with MoonPay, broke its single-day onramp record on Nov. 19.

With the Phantom wallet and Coinbase moving higher in app store rankings, it’s pretty clear that retail is here and ready to play.

Just a chill guy, a viral meme coin, continued its spectacular rally on Wednesday, helped by robust listings by some of the top crypto exchanges.

Just a chill guy (CHILLGUY) rose to a record high of $0.6575, pushing its market to almost $600 million. This valuation made it one of the best-performing meme coins in the industry. It has become bigger than other popular coins like SPX6900, Turbo, and Memecoin.

Exchange listings boost Just a chill guy This rally was mostly driven by the Fear of Missing out among traders and centralized exchange listings. Binance Futures listed the token on Nov. 27, giving it exposure to tens of millions of its customers. It listed it with a 75x leverage. 

Other top exchanges that listed the coin were Bitget, KuCoin, Woo, and BitMart. Historically, cryptocurrencies rally after being listed by major exchanges. This happens as more traders buy them amid the FOMO. 

Data shows that the 24-hour trading volume was $338 million, with most of it coming from Bybit, Gate, OrangeX, and Raydium. As such, this volume will likely increase sharply when the new exchanges are included. 

Still, the CHILLGUY crypto faces some potential risks. First, the coin could replicate other recently launched hype tokens like Peanut the Squirrel and Act I The AI Prophecy, which went parabolic this month. The two have retreated sharply in the past few days and underperformed most meme coins. 

Second, Just a chill guy’s creator has threatened to sue for the use of his creation for commercial purposes. Still, it is unclear whether the lawsuit would have a major impact since it is mostly traded on international exchanges.

just putting it out there, chill guy has been copyrighted. like, legally. I'll be issuing takedowns on for-profit related things over the next few days

— philb (@PhillipBankss) November 21, 2024 CHILLGUY smart money investors are selling Third, there are signs that smart money has started to book profits. Data by Nansen shows that the number of smart money wallets has dropped from 94 last week to about 71 today. 

Transactions by smart money investors are a common signal of what some of the biggest holders are doing. More data by Nansen shows that the number of tokens in exchanges has jumped sharply in the past few days. It had over 76.61 million tokens, up by 727% from a week earlier, a sign that some investors have started to exit their trades. 

As with most newly new tokens, there is a risk that it could pare back some of the initial gains amid profit-taking. The future price action will likely depend on the performance of Bitcoin (BTC), Solana (SOL), and other coins.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Just a chill guy meme took the entire world by storm as thousands of memes flooded each country and every sector. This naturally spiked up the price of the token and now over the past few months, a big community of holders have formed around this token.

Will this token continue its rally owing to its huge support or will it succumb to bearish pressure? Let’s find that out in detail in this Just a chill guy price prediction.

Table of Contents

What is Just a chill guy?Just a chill guy price predictionJust a chill guy coin price prediction: short-term outlookJust a chill guy price prediction 2025Just a chill guy price prediction 2030 Since its launch, Just a chill guy (CHILLGUY) has seen an all-time high of $0.6575, followed by a 84.92% drop in price. At the time of writing, it is now trading at $0.075301, which is around a 656.18% decrease from its price of $0.57188, which was recorded four months ago in December 2024.

In this article, we’ll discuss CHILLGUY price prediction by giving you its short-term and long-term price forecasts and exploring whether this token can continue its bullish run.

What is Just a chill guy? The “Chill Guy” is a new meme character that’s all about being super relaxed and not caring much about anything. His whole vibe is “lowkey” — meaning he’s calm, casual, and doesn’t make a big deal about stuff.

This meme is a digital artwork and internet meme created by American artist Phillip Banks on October 4, 2023. 

In the drawing, you can tell he’s totally laid-back: he’s wearing a grey sweater, blue jeans, and red shoes, smirking with his hands in his pockets. People on TikTok and other platforms are loving him, saying he’s the best new meme character around because of his cool, “whatever” attitude.

Soon after the illustration, the CHILLGUY token was created on the Solana blockchain and the rest, as they say, is history.

Now let’s discuss CHILLGUY price prediction for this year and in the coming years as well. 

What can be a realistic projection for the CHILLGUY token? Let’s dive into the CHILLGUY price prediction for 2025 and 2030.

Just a chill guy coin price prediction: short-term outlook According to CoinCodex’s Just a chill guy price prediction for the near future, the token is projected to drop by -25.30% and reach $0.064279 by June 26, 2025.

As of May. 27th, 2025, the overall sentiment of the CHILLGUY price outlook has turned bullish, with 12 technical analysis indicators showing bullish signals, 3 indicating bearish trends, and 9 indicators showing neutral forecasts.

Just a chill guy price prediction 2025 For the remaining months of 2025, DigitalCoinPrice predicts that the CHILLGUY token’s price could fluctuate between $0.0772 and $0.19, and may likely hold a yearly average of $0.18.

CoinCodex projects that the CHILLGUY token can trade in the price channel of $0.059876 and $0.086055 in 2025.

While the general sentiment in the financial markets is that 2025 will be the year of the bull, it is important to understand that this prediction also has a chance of being wrong. BTC has already breached the $100k mark, and there is a possibility that it may be at the top of this bull cycle. Hence, it is advised to do your research before investing in CHILLGUY or any other cryptocurrency with the hopes of gaining on your investment in 2025.

Just a chill guy price prediction 2030 As per CoinCodex’s Just a chill guy crypto price prediction for 2030, CHILLGUY’s price could vary between $0.184055 and $0.301549.

DigitalCoinPrice expects that CHILLGUY’s price could climb to $0.41or $0.45 by the end of 2030. 

Before trusting any source that is trying to predict the CHILLGUY price prediction for 2030, you should understand that it is a cryptocurrency and, like all other tokens, the CHILLGUY  token’s price can be highly volatile. 

2030 is five years away, and many cryptocurrencies can become obsolete in that time. This is why it is hard to give a realistic price prediction for any token, including CHILLGUY.

A great way for CHILLGUY to survive these five years and continue its ascent in the crypto market is to continue building its blockchain technology and partner with key players in the digital crypto space.

You should research and keep yourself updated with the latest developments in the upcoming years to make an informed investment decision in the CHILLGUY token.

Is Just a chill guy a good investment? Before investing in any cryptocurrency, including CHILLGUY, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that the sentiment in the cryptocurrency market changes quickly, and a token that was once considered the future may also be delisted from major exchanges. Hence, it is advisable to do your research on the token’s fundamentals before having any price expectations for the future of the CHILLGUY token. 

Will Just a chill guy go up or down? Cryptocurrencies in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on. 

While it is hard to determine how high the CHILLGUY token will go, it is important to look out for potential buying factors that may include new partnerships, increased token holders, or viral campaigns in general.  

It is also vital that you rely on financial experts and consult them for Just a chill guy price prediction, but even after all that, you should remain cautious, as no one can accurately predict how high or low CHILLGUY can go. 

Should I invest in Just a chill guy? Before investing in any cryptocurrency or trusting any Just a chill guy price forecast, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that cryptocurrencies in general are a highly speculative investment, and their success not only relies on market volatility but also on the constant and sustainable growth of their community. Hence, it is advisable to do your research on the token’s fundamentals, which may very well decide the future of the CHILLGUY token.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

4 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

4 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

4 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

4 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

4 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

4 hours ago

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Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

4 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

4 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

4 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

4 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

4 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

4 hours ago

Kevin Warsh, recently nominated for Federal Reserve Chair, has filed an extensive financial disclosure revealing personal assets exceeding $100 million. His portfolio spans crypto, artificial intelligence ventures, and private equity investments. The document, submitted to the US Office of Government Ethics, marks the final administrative requirement ahead of his potential Senate confirmation hearings.

Warsh’s wealth includes major crypto and tech investmentsThe 69-page financial disclosure outlines a strikingly broad investment strategy. Among the largest reported holdings are two stakes, each over $50 million, in the Juggernaut Fund LP, a private investment vehicle. Warsh also reported $10.2 million in consulting income from the investment office of billionaire Stanley Druckenmiller.

Additional assets are held under THSDFS LLC, with around two dozen individual positions, each valued up to $5 million. Details for these holdings were not fully disclosed, owing to confidentiality commitments. Together, these investments form a significant portion of Warsh’s declared financial interests.

Many assets not listed with explicit values are reported to relate to artificial intelligence and cryptocurrencies, suggesting diversified exposure to emerging technologies. Notably, he holds positions in Blast, an Ethereum layer-two scaling project, signaling engagement with blockchain infrastructure.

Warsh’s stake in Bitwise Asset Management also stands out. Bitwise is recognized for its role in managing a prominent US-listed spot Bitcoin ETF, underlining Warsh’s connection to major players in digital asset investment domains.

The disclosure process required Warsh to commit to divesting from the Juggernaut Fund and THSDFS LLC if confirmed. Heather Jones, a senior analyst with the Office of Government Ethics, officially signed off on the document, noting compliance will be secured following the divestitures.

Uncertainty looms over Senate confirmation timelineWhile Warsh has cleared the main hurdles for ethics review, the Senate Banking Committee must still set a date for his confirmation hearing. Initially, the committee considered April 16, but pending filings caused postponement beyond that window.

Public attention around the nomination process has increased due to additional political factors. Senator Thom Tillis of North Carolina has stated his intention to hold up any vote on Federal Reserve nominations until a criminal investigation involving current Fed Chair Jerome Powell is settled. Powell’s term concludes on May 15, making the timeline increasingly tight.

Tillis has publicly asserted that no nominees will advance until the Department of Justice completes its review. In his words,

“I will oppose the confirmation of any Federal Reserve nominee, including for the position of Chairman, until the DOJ’s inquiry into Chairman Powell is fully and transparently resolved.”

Kevin Warsh previously served as a Federal Reserve Board governor from 2006 to 2011. He is known for his Wall Street background and his work as a visiting fellow at Stanford University’s Hoover Institution. Warsh has been active in both advisory and academic circles, providing commentary on economic policy and central bank reform.

Despite having completed the required ethics paperwork, Warsh now faces a potentially unpredictable confirmation schedule driven by external legal proceedings and Senate leadership decisions.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

PANews reported on April 30th that, according to PeckShield , Wasabi Protocol has allegedly suffered a breach of its administrator private key, resulting in the theft of approximately $ 5.5 million in assets across multiple blockchains including ETH , Base , Blast , and Bera . On-chain data shows that the attacker added a malicious address as a contract administrator through a single transaction. Wasabi Protocol previously stated on social media that it was aware of the issue, was investigating, and advised users to avoid interacting with its contracts at this time, promising further updates later.