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Chinese Creditor Fights FTX’s Plan to Block Payouts in Restricted Nations A Chinese creditor has thrown a wrench into FTX’s bankruptcy plan by challenging its motion to halt repayments to users in countries like China, where crypto transactions face heavy restrictions. This standoff highlights the messy global fallout from FTX’s 2022 collapse, as the exchange…
CFTC Wins Right to Police Crypto Futures The Seventh Circuit just handed the CFTC a clear win over a family trust that tried to escape the agency’s reach, ruling that crypto futures count as commodities and fall squarely under the Commission’s authority. The decision matters because it removes any lingering doubt that digital-asset derivatives can…
Crypto rebounds as tariff rhetoric shifts; BitGo targets $2.1 billion IPO; Solana-linked SKR token surges on fully diluted valuation Crypto markets rebounded after a shift in U.S. political messaging around tariffs, while the industry’s infrastructure layer drew attention with reports of a major public listing plan. Separately, a Solana-related token, SKR, recorded a sharp jump…
Kalshi Wins, CFTC Stumbles in Prediction Market Battle A federal appeals court just handed Kalshi a decisive edge over the CFTC, refusing to pause a lower court ruling that lets the exchange list election contracts. The decision signals that regulators may no longer block contracts simply because they touch politics, and it accelerates the collision…
Bitcoin Bulls Charge Back: $72K Turns Into Rock-Solid Support Bitcoin’s buy-side firepower is roaring back across spot and derivatives markets, with short-term holders dialing down their sales pressure. This surge in demand could lock in $72,000 as a battle-tested support level, handing bulls the momentum they’ve craved. For investors, it’s a signal that the dip-buying…
SEC Slaps Down in XRP Win, Crypto Cheers Partial Victory The Supreme Court on June 27, 2024, refused to hear the SEC’s appeal in a high-stakes crypto enforcement case against Ripple Labs, letting stand a lower court’s ruling that XRP token sales on public exchanges aren’t investment contracts. This non-decision hands Ripple a major win,…
