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The recent rupture of a crucial oil pipeline has sent fresh pain through the economy of South Sudan, where even the security forces haven't been paid in nine months. The drop in oil revenues has compounded South Sudan's long problem of official mismanagement.

The debacle underscores the wild world of memecoin markets, where grifts and rug pulls abound.

Crypto investment fund Off the Chain Capital Management was among the investors in a private placement that funded the bitcoin purchase.

While the crypto rally was broad-based, with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash,...

Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.