The team said thin liquidity and automated traders distorted the launch, while Nansen data showed some early buyers sitting on six-figure losses after the memecoin’s debut.
Chinese-language platform Xinbi is accused of operating on crypto transactions as it offered services to other criminal networks.
Tenev told CNBC’s “Squawk Box” on Wednesday that public companies shouldn’t have veto power over third-party securities that reference their shares.
Exporters can use overseas earnings to fund imports directly, bypassing the official foreign-exchange system, the FT reported.
The deal could grant Circle vital, regulated “last-mile” infrastructure, bridging the gap between stablecoins and traditional local banking systems.
Kuchinad, the CEO of cryptocurrency custody firm Copper since 2024, has left the company, according to two people familiar with the matter.
