Little Pepe raises more than $18 million in preseres, with each token priced at $0.0019. This project promises more than a typical memecoin speculation. It claims to be building a dedicated Layer 2 blockchain with memes and zero transaction tax.

In the Cryptospace, countless frog-themed tokens were seen, but Lilpepe is positioned as “the next evolution of meme coins.”

The team describes the project as a Layer 2 blockchain designed for speed, security and ultra-low rates, all with memes.

At the heart of the ecosystem are utility tokens that fuel every corner of the Little Pepe network.

The white paper claims that it is “still too early” for users to witness the rise of a new golden age of memecoin.

What is Little Pepe?

$lilpepe is a native utility token for the Little Pepe ecosystem called the Next Generation Layer 2 Blockchain.

The project will run on the Ethereum Network as an ERC-20 token with 18 decimal points and a total of 100 billion tokens.

The project tells the story of the “ancient kingdom of Crypto”, ruled by OG Pepe, the conqueror of memes and the lord of green candles. However, his empire faced problems: gas prices skyrocketed, slower speeds, and normal escaped.

Little Pepe appears as a solution – not just another meme coin, but an heir to the throne.

This project promises to forget about the old Web3 fairy tales and start the dawn of Little Pepe, a layer 2 blockchain powered by $lilpepe with low-cost, fast-paced, pure meme magic.

The team claims that Rose rose from Little Peper Rose from the jungle swamp, armed with dunk memes and combat test codes, armed with roses in dunk memes and Little Peper Rose from the jungle swamp.

How is Little Pepe different from other meme coins?

Little Pepe distinguishes itself through four core features that address common blockchain issues.

Meme Culture Integration: This project builds meme culture directly into blockchain infrastructure. This unlike other Layer 2, which scales Ethereum, Little Pepe claims “it.”

Ultra low fee: One of the biggest obstacles for users is removed by the proposed Layer 2 network. This promises a trading price that is significantly lower than the Ethereum mainnet rate.

Warp speed security: The goal of the project is to run transactions faster than existing solutions, while still maintaining decentralization.

Fast finality: Little Pepe has promised to speed up trading “more than Elon Tweets,” targeting myopia payment times.

The project also implements a zero tax policy for both purchases and sales. The white paper states: “Zero tax on purchases and sales. Baby frogs should not be taxed to fly around.

Lilpepe Tokenomics and Giveaway

The project allocated 100 billion token supplies to seven categories.

• Pre-sale: 26,500,000,000 (26.5%)
• Chain Reserve: 30,000,000,000 (30%)
• Staking and Rewards: 13,500,000,000 (13.5%)
• marketing: 10,000,000,000 (10%)
• Liquidity: 10,000,000,000 (10%)
• CEX Reserve: 10,000,000,000 (10%)

The maximum allocation is sent to the chain reserve. This means infrastructure development plans. The pre-sale portion provides early access, while liquidity and CEX spares prepare for the exchange list.

Staking and reward allocation create retention incentives. The team said this “It’s not just a meme coin, it’s something that has a soul. Chunk goes to the diamond’s hand. #holders4life.”

Little Pepe runs a $777,000 prize to celebrate the pre-sale launch. The 10 winners will receive a $lilpepe token worth $77,000 each.

The present celebrates “the rise of Little Pepe and the launch of the most anticipated meme-driven layer 2 chain.”

The participation procedure includes the following:

1. You will be participating in Little Pepe Presale with a minimum donation of $100.
2. Complete prize tasks: Follow, share, Friend tags, etc.
3. Earn bonus entries by completing more tasks for a higher chance of winning

Eligibility requirements include a minimum of $100 pre-sale contribution, completing all required tasks, and using valid wallets and contact details.

How do I take part in the pre-sale?

The pre-sales process involves three main steps:

• Step 1: Get the wallet. Connect to the Presale widget at the top of LittlePepe.com. Buy $lilpepe using ETH (ERC20).
• Step 2: Buy it with other coins. Transfer USDT to your Ethereum Network (ERC20) wallet. Make sure you have enough ETH to cover your gas bill. Pre-sale accepts both ETH and USDT.
• Step 3: Buy with a card. Users who want to purchase with credit/debit cards require a mandatory wallet. The team will provide you with a guide to purchasing Lilpepe with traditional payment methods.

The White Paper FAQ section explains that tokens will be distributed after the pre-sale is over. The user connects the wallet to the website and charges the $lilpepe token.

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Paolo Ardoino, CEO of Tether, the issuer of the largest stablecoin USDT, took to X on Sunday to refute claims about the firm selling its Bitcoin (BTC) to invest in gold. In his post, Ardoino wrote that “Tether didn’t sell any Bitcoin,” adding that:

“While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold and Land.”

How the rumor started

On Sept. 6, YouTuber Clive Thompson claimed that “recently, Tether has been buying gold and selling Bitcoin.” Thompson’s assertion was based on an examination of Tether’s statements of assets.

According to Thompson, Tether sold over $1 billion BTC and purchased over $1.6 billion gold in the last quarter. This indicates that Tether is dumping Bitcoin in favor of gold, as per Thompson.

Flaws in Thompson’s claims

Jan3 CEO Samson Mow pointed out flaws in Thompson’s theory based on public data. In an X post, Mow explained that Thompson arrived at the wrong conclusion since he assumed that a fall in BTC holdings of Tether automatically meant they sold it for gold.

In the first and second quarter of this year, Tether reported holdings of 92,650 BTC and 83,274 BTC respectively. According to Mow, Thompson forgot to factor in Tether’s funding of a separate project called Twenty One Capital (XXI). Tether transferred 14,000 BTC on June 2 and 5,800 BTC in July, sending a total of 19,800 BTC to XXI.

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Therefore, Mow explained that Tether had 4,624 BTC more in Q2 2025 than the previous quarter. Accounting for July’s transfer, Tether “has (at least) a net increase in Bitcoin holdings of 10,424 BTC,” Mow wrote.

Consequently, Mow dismissed Thompson’s claim as “false” and labeled it a “desperate” attempt to create bearish news surrounding Bitcoin.

Tether’s deepening relationship with Gold

The latest development surrounding Tether comes just days after the company announced that it’s looking into investing in gold mining firms. But Tether has been diversifying into gold for a while.

In June, the stablecoin issuer spent $90 million to acquire a substantial stake in a company specializing in gold royalties. Earlier this week, Tether announced that it will pour another $100 million into the same firm—Elemental Altus Royalties Corp.

Additionally, Tether issues the gold-backed stablecoin Tether Gold (XAUT)—XAUT is backed by about 7.66 tons of gold stored in Switzerland. Around 5% of USDT reserves is also held in gold by Tether.

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FTX creditors have launched a class action lawsuit against Kroll Restructuring Administration, the firm managing claims for the bankrupt crypto exchange.

The suit, filed on Aug. 20 by US-based Hall Attorneys, alleged that Kroll’s handling of claims for FTX, BlockFi, and Genesis customers caused financial harm and exposed sensitive information to cybercriminals.

According to the lawsuit, Kroll knew emails were unsafe, as it consistently warned about phishing risks after it suffered a data breach incident in August 2023.

At the time, an unauthorized party gained access to a Kroll employee’s mobile number, which allowed entry into Kroll’s systems and exposure of creditor data, including names, addresses, email contacts, and some FTX account balances.

However, the firm reportedly continued to send critical notices solely via email, leaving claimants vulnerable to scams and phishing attacks.

Notably, Sunil Kavuri, a prominent FTX creditor, confirmed that phishing emails have become a daily concern for the defunct exchange’s users. He noted receiving a fraudulent message containing his full name just hours before posting about it on X.

Meanwhile, the lawsuit claims Kroll’s approach also caused verification delays, lockouts, and, in certain cases, the loss of claims by FTX creditors.

Considering this, Nicholas Hall, the lead counsel on the case, urged FTX creditors to join the legal battle. According to him:

“All creditors are encouraged to participate; it’s for both US and Bahamas customer-creditors.”

He also pointed out that the suit seeks compensation for losses related to phishing attacks, delayed claims, and expunged filings. Hall said:

“[FTX creditors could get] monetary relief for eligible class members (for example, up to $750 or actual damages for California victims, but depends on class, residency, etc.).”

Beyond monetary relief, plaintiffs are demanding practical reforms, including multi-channel communications through both email and First-Class Mail, status-change notifications with mandatory response periods, a manual tax-form option, and stricter security controls for account changes, such as mailing verification codes before permitting updates.

Additional demands include deliverability safeguards and independent audits to strengthen data protection.

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In an August 18 press release, Paxton accused both of presenting themselves as mental health tools without proper qualifications. He argued that artificial intelligence (AI) platforms can give the false impression of offering real therapy.

He said this puts children at risk of relying on chatbots for help instead of licensed professionals. According to his office, the companies created personas that appear as trusted advisers despite lacking medical oversight or credentials.

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Character.AI has millions of user-created personas. One of them, called “Psychologist”, is especially popular with young users. Meta does not promote therapy-specific bots for children, but its general AI assistant and third-party personas can still be used for emotional advice.

Still, Paxton pointed to privacy and data concerns. He said chatbots often promise confidentiality, but their terms of service reveal otherwise. According to him, conversations are stored, tracked, and used to develop algorithms or deliver advertising.

Meta’s privacy policy confirms that it collects prompts, feedback, and other interactions to improve AI. The company also shares some data with third parties, including search engines, to provide more personalized outputs.

Meanwhile, Character.AI’s shows that the company logs details such as demographics, device identifiers, location, browsing history, and app activity. It also tracks users across major platforms like TikTok, YouTube, Reddit, Instagram, and Discord.

Recently, Illinois approved new rules that stop licensed therapists from using AI chatbots to help with mental health treatment. What do the rules include? Read the full story.

The comeback has some analysts reading the move as a change in market structure, and price sits near $3.12 as momentum checks continue.

Trendline Breakouts And Support Flip

According to analyst Steph, a breakout above a long-running descending trendline on the weekly XRP chart is what matters now.

Steph points to the flip of $3 from resistance into support as a classic technical cue. He used historical weekly charts to argue that past breakouts from similar trendlines often led to strong rallies, and he highlighted that pattern going back to 2022 when price action began to shift more visibly.

This is the hardest #XRP bull market ever.

Congratulations if you’re still here.

We will get rich! pic.twitter.com/cLltUs7MQj

— STEPH IS CRYPTO (@Steph_iscrypto) August 12, 2025

A Pattern Seen Several Times Since 2022

Reports have traced the same setup across multiple cycles. After the Terra collapse in May 2022, XRP fell and formed a descending trendline that broke in September 2022, sending price to a high near $0.55.

Later, a new trendline formed and then broke around the SEC vs. Ripple ruling in July 2023, which preceded a move toward $0.94.

The most recent big run took XRP to about $3.4 in January 2025, after a breakout following the November 2024 US elections. Those episodes form the backbone of the “repeat pattern” case.

Analyst Targets And Differing Calls

Steph projects a potential rise to $14 from roughly $3.12 now, which would equal about a 340% gain. According to his messaging, some traders who sold early took profits, while others who held could see larger returns if the thesis plays out.

Based on reports, some commentators have voiced similar targets, saying when XRP traded near $2, that the token was poised for a major breakout and pointed to Fibonacci levels toward $14, while others put a $14 minimum target on the table last March.

What To Watch Going Forward

Volume on any push above recent highs will tell the story. Keep an eye on whether $3 stays as support and whether the weekly breakout holds as price moves higher.

Also watch how long consolidation around $2 lasted — more than five months — because long flat bases can precede sharp moves if buyers return in force. Derivatives flows and where large holders place sell orders will matter too.

Featured image from Unsplash, chart from TradingView

Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

August 16, 2025

Digital Currency Group (DCG) has escalated its legal battle with bankrupt subsidiary Genesis Global Capital, filing a countersuit demanding $1.1 billion in promissory note relief and $105 million in alleged overpayments.

The move comes as Genesis pursues over $3.1 billion in damages against its parent company through multiple ongoing lawsuits.

Three Arrows Capital Collapse Sparks Corporate War

The conflict traces back to June 2022, when Three Arrows Capital defaulted on $2.36 billion in loans from Genesis.

DCG voluntarily issued a $1.1 billion promissory note to backstop potential losses from the hedge fund’s collapse.

The note contained automatic reduction provisions tied to any recoveries from Three Arrows Capital’s assets.

Genesis subsequently recovered nearly $2.8 billion from Three Arrows Capital, primarily through GBTC shares that surged from $428.5 million to over $2.1 billion by May 2024.

DCG claims these recoveries automatically reduced the promissory note’s principal to zero under the original agreement terms.

Despite the alleged principal reduction, DCG continued making payments totaling $106 million to Genesis under what it calls a “misapprehension” about the note’s remaining balance.

The parent company now seeks recovery of these funds plus interest through four legal counts, including declaratory judgment and unjust enrichment.

The legal warfare intensified following Genesis’s bankruptcy filing in January 2023 after accumulating $3.5 billion in debts.

Previously unsealed court documents reveal DCG executives feared Genesis could be treated as their “alter ego” as early as 2022, with CFO Michael Kraines warning about potential corporate veil piercing scenarios.

Genesis has mounted its own offensive, pursuing $2.2 billion in crypto assets through Delaware courts and over $1 billion in allegedly fraudulent transfers through the New York bankruptcy court.

The subsidiary claims DCG extracted $450 million in crypto assets and $297 million through international transfers while Genesis faced liquidity stress.

The Securities and Exchange Commission joined the fray in January 2025, fining DCG $38 million for securities violations and former Genesis CEO Michael Moro $500,000 for misleading investors about the company’s financial health following Three Arrows Capital’s collapse.

The regulatory action revealed DCG executives knew about over $1 billion in Genesis losses while portraying financial stability.

Corporate Control and Financial Engineering Allegations

Internal documents released by Genesis’s Litigation Oversight Committee paint DCG as treating its subsidiary like a “de facto treasury” while extracting value through insider loans and risky trades.

Genesis employees described a “culture of submission” where they served DCG’s interests over their own operational integrity.

DCG’s risk committee delayed its first meeting for nine months after formation, with Kraines later joking that the delay made his “future deposition easier.”

External auditors flagged “material weaknesses” at Genesis as early as 2020, yet the parent company allegedly continued extracting funds.

The committee alleges DCG orchestrated fraudulent transactions, including the June 2022 promissory note and a September round-trip deal designed to mask Genesis’s financial distress.

Genesis claims it was already insolvent by the end of 2021 despite carrying $14 billion in outstanding loans.

Consulting firm Oliver Wyman warned DCG about Genesis’s financial vulnerabilities in November 2021, but the parent company failed to implement corrective measures.

Instead, internal messages from 2022 indicate employees believed Genesis was being “propped up” so DCG could extract cash before the collapse.

Notably, Genesis has made substantial progress in returning funds to creditors despite the ongoing legal battles.

The company distributed $2.18 billion to approximately 232,000 users by May 2024, including through a pending $1.8 billion settlement with Gemini Earn participants.

DCG previously settled over $1 billion in debt, including $627 million owed to Genesis by January 2024, following a November 2023 agreement reached after Genesis sued for loan repayments.

The parent company had defaulted on over $620 million in debt by May 2023.

As it stands now, the multiple legal proceedings continue as both companies navigate bankruptcy restructuring, regulatory enforcement, and billions in creditor claims stemming from the 2022 crypto market collapse.

Qubic, a project led by former IOTA co-founder Sergey Ivancheglo, says it has secured more than 51% of Monero’s global hashrate, a milestone that, if true, gives it the ability to reorganize blocks, censor transactions, and attempt double-spends on the privacy-focused blockchain.

Ivancheglo framed the move as a stress test to help the Monero community prepare for future network threats, but the announcement has triggered sharp debate among developers and security experts.

A 51% attack occurs when a single entity or coordinated group controls a majority of a proof-of-work network’s hashrate. Ethereum Classic suffered multiple reorganizations in 2020, resulting in millions of dollars in losses, while Bitcoin Gold faced similar assaults in 2018 and 2020.

Smaller networks like Verge have also been targeted, demonstrating how concentrated hashing power can destabilize and entire cryptocurrency network.

Monero, which uses the CPU-friendly RandomX algorithm, has long prided itself on resisting ASIC centralization. Qubic’s “useful proof-of-work” (uPoW) model repurposes Monero mining rewards by converting XMR into USDT, then using the proceeds to buy and burn QUBIC tokens, a deflationary mechanism that doubles as a liquidity sink for its own ecosystem.

From mid-May to late July, Qubic’s share of the network jumped from less than 2% to over 25%, at times topping pool rankings.

Ledger CTO Charles Guillemet warned on X that Monero “appears to be in the midst of a successful 51% attack,” citing signs of a major chain reorganization, with several other industry experts like SlowMist founder Yu Xian expressing their doubt over Qubic’s economics.

Whether the events mark a hostile takeover or simply a stress test, XMR has responded negatively, dropping by 6.65% in the past 24 hours to compound a 16% decline over the past week.

Read more: How $330M BTC Hacker May Have Doubled Down on Monero Derivatives