Judge ends Ripple, SEC lawsuit with $125 million fine, XRP surges 18%
District Judge Analisa Torres partially granted the motion from remedies filed by the SEC against Ripple. The court has levied a $125 million fine on Ripple in the lawsuit filed…
August 8, 2024
Bitcoin Crash Casts Shadow Over US Strategic Reserve Plan
Recent BTC price volatility calls into question the wisdom of a proposed federal Bitcoin strategic reserve. Several U.S. politicians, including Donald Trump and Robert F. Kennedy Jr., have floated the…
Ordinals sales elevate Magic Eden to top NFT marketplace surpassing Blur by $108 million
Magic Eden outperforms Blur in NFT trading volume for first time, driven by its expansion into Bitcoin Ordinals and dynamic rewards. Magic Eden has surpassed Blur to become the top…
BlackRock, Nasdaq submit filing to introduce options for spot Ethereum ETFs
The addition of options “will remove impediments to and perfect the mechanism of a free and open market,” says the filing. BlackRock and Nasdaq made a move today to add…
SEC seeks public input on NYSE proposal for Ethereum ETF options
Market observers said an approval for these products could occur by next year. The US Securities and Exchange Commission (SEC) is inviting public comments on a proposal from New York…
FTX creditor group files objection against bankruptcy reorganization plan
The creditors argued that FTX’s cash repayment would force a taxable event that could be avoided by in-kind repayment. A group of FTX creditors led by Sunil Kavuri has objected…
New probe sought into Sullivan&Cromwell’s role in FTX collapse
The examinations will determine S&C’s awareness of FTX misconduct and potential conflicts during SBF’s Robinhood shares acquisition. FTX examiner Robert J. Cleary has sought court approval to further investigate the…
FTX granted court approval to solicit votes on liquidation plan; some creditors continue to object
Some want higher payouts because crypto prices have risen during bankruptcy. A US bankruptcy court has granted FTX approval to solicit votes on a liquidation plan that pays customer claims…
FTX debtors seeking SBF’s seized assets, customers file counterclaim
The assets include airplanes, funds held at various banks, shares of Robinhood stock once owned by SBF, and even political contributions linked to FTX executives. The aftermath of the FTX…
BitFlyer acquires FTX Japan, intends to revamp exchange into crypto custodial firm
BitFlyer said it will reboot FTX Japan as a digital asset custodial firm targeted at institutional investors BitFlyer, one of Japan’s largest crypto exchanges, agreed to acquire the Japanese subsidiary…
