Is Pump.fun's memecoin chaos going to result in a sea of criminal charges?

The past 24 hours have not been pleasant for Bitcoin, seeing its value fall $5,000 over the course of the Nov. 25 daily candle as well as the biggest day of spot Bitcoin ETF outflows since the US election. The focus has shifted to the local floor and what will happen if the price drops below it. On the more positive side, MicroStrategy continues to stack the sats with another $5.4B purchase of Bitcoin! Elsewhere, Pump.fun's memecoin "freak show" may lead to criminal charges according to some legal experts, and Dogecoin futures open interest hits an all-time high, but is that good or bad for the price?

Further reading:

• Bitcoin price dip fails to squeeze leverage as $92.5K becomes ‘pivotal’
• Spot Bitcoin ETFs see $438M outflows — biggest since US election
• MicroStrategy expands Bitcoin holdings with $5.4B purchase
• Pump.fun’s memecoin freak show may result in criminal charges: Expert
• Dogecoin futures open interest hits all-time high — Is it a top signal for DOGE?

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