Kanye West Meme Coin Down 81% From Peak as Rapper Says Instagram Hacked for Scam
Kanye West said his Instagram account was hacked to promote a fake meme coin, all while the real YZY token flounders.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
If Bitcoin breaks $62k over the weekend, a $1.1B short overhang stands ready to pull price down to $60k
Bitcoin enters the weekend near $62,900, less than 1% above the July 31 intraday low, and Deribit has already settled roughly $9.6...
Bitcoin miners saved Texas power grid from collapse, but their lucrative pivot to AI is stripping away the emergency brake
Texas broke its all-time electricity demand record twice in two days last week. ERCOT served a preliminary 91,308 megawatts around...
BNB Chain ‘pursuing legal action’ against former employee over memecoin launched from tutorial wallet
Lookonchain said the former employee bought nearly 80% of ASTEROID's supply for $10,000 before selling most of the tokens for abou...
Wall Street is sitting on a $16.3 billion Bitcoin loss, and an August 14 deadline will expose who is quietly fleeing
Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the positio...
Younger Democrats Understand Clarity Act And Bill Should Pass, Says Coinbase’s Chief Policy Officer
Bitcoin Magazine Younger Democrats Understand Clarity Act And Bill Should Pass, Says Coinbase’s Chief Policy Officer The Clarity A...
How thin weekend Bitcoin liquidity turns minor geopolitical news into massive Monday price gaps for ETF holders
An investor who owns Bitcoin through a brokerage account can finish work on Friday, check the closing price of a spot ETF, and ass...