Crypto custody firm Copper has potential buyers. But offers are way below its $500 million asking price Crypto custody firm Copper has attracted interest from potential buyers, but bids so far have come in well below the company’s stated $500 million asking price. The gap between what Copper is seeking and what buyers appear willing…
COURT SLAMS CFTC, HANDS KALSHI A WIN ON ELECTION BETS In a blunt two-page order issued October 2, the D.C. Circuit refused to freeze a lower-court ruling that lets KalshiEx list election contracts, calling the CFTC’s emergency motion “unlikely to succeed.” The decision keeps the trading venue open for U.S. retail traders and signals that…
COURT SHUTS DOWN BLOCKCHAIN FIRM’S LAST-DITCH BID TO ESCAPE TEXAS JURY TRIAL A Texas appeals court just slammed the door on Envy Blockchain’s attempt to yank its civil dispute out of state court and into a friendlier venue. The ruling keeps the case anchored in El Paso, where the company and its co-defendants now face…
AI Model Ox Alpha Is Free, Beats Claude Fable, and Nobody Knows Who Built It A new AI model called Ox Alpha has been released for free and is drawing attention after posting results that reportedly outperform Claude Fable on at least one set of comparisons. The model’s release is also notable for a different…
CFTC LOSES GRIP ON ITS OWN ENFORCEMENT FILES A federal appeals court has just stripped the Commodity Futures Trading Commission of its ability to shield internal files from companies it sues, ruling the agency cannot use mandamus to block Kraft and Mondelēz from seeing the documents. The decision forces the CFTC to litigate in the…
Court Reopens 1989 Bilzerian Case, Warns Crypto Copycats SEC wins new injunction against repeat offender; 1989 securities fraud case resurfaces with fresh bite. Judges signal that old violations can still shape future conduct, sending a clear message to markets: once sanctioned, you stay watched. The original 1989 lawsuit accused Paul Bilzerian of massive stock manipulation…
COURT HANDS SEC LIMITED WIN IN BINANCE SUIT The Supreme Court just narrowed the SEC’s authority to pursue unregistered crypto exchanges, but the agency still keeps its guns trained on Binance itself. The ruling matters because it redraws the line between securities and commodities and forces both sides to recalculate their next move. The lawsuit…
Court Slaps CFTC With “No Jurisdiction” Ruling, Crypto Cheers A federal appeals court has just told the Commodity Futures Trading Commission it cannot police certain over-the-counter retail commodity transactions—even when those deals look like futures. The ruling strips the agency of enforcement power in a slice of the market that includes crypto derivatives and DeFi…
Judge Slams SEC Overreach, Restores Crypto Clarity Court Limits Agency Power, Boosts Digital Assets The Fifth Circuit just handed crypto a rare legal win, ruling that the SEC stretched its authority past what Congress granted. The decision reins in the agency’s ability to label digital assets as securities without clearer statutory backing, a move that…
Strive Buys $81.5 Million in Bitcoin After Issuing More Shares Strive has purchased $81.5 million worth of Bitcoin after issuing additional shares, linking a new equity raise directly to a sizable addition to its Bitcoin holdings. The move indicates the company is using equity issuance as a funding mechanism to expand its exposure to Bitcoin,…
COURT HANDS COMMODITY TRADERS MAJOR WIN AGAINST REGULATORS New York’s Appellate Division just reversed a lower-court decision that could have let state regulators treat a private commodities contract like an illegal securities sale, narrowing the state’s reach over off-exchange trading. The ruling matters because it limits how aggressively New York can police derivatives that straddle…
Court Orders CFTC to Justify Secret Kraft Probe The Seventh Circuit just told the CFTC it cannot hide behind vague claims when it demands documents from Kraft and Mondelēz. In a rare writ-of-mandamus ruling, the appeals court ordered the agency to show its work before a district judge can enforce a sweeping subpoena tied to…
Court slams brakes on crypto class-action merger A federal panel refused to bundle three separate lawsuits into one mega-case, leaving crypto plaintiffs scattered across three districts and handing exchanges a tactical reprieve. The decision keeps litigation costs high and momentum low, signaling that judges are still wary of letting retail-token disputes snowball into nationwide discovery…
Crypto Court Slams SEC, Hands Coinbase A Win The Fifth Circuit just told the SEC its authority has limits. In a 2-1 ruling, the appeals court vacated the agency’s sweeping “Dealer Rule,” a regulation that would have forced more than 30 crypto firms to register as securities dealers. The decision marks the first major judicial…
Court Hands CFTC Broad Power Over Leveraged Metals Sales The Ninth Circuit just handed the CFTC a major victory, ruling that Monex’s leveraged precious-metals contracts fall squarely under the agency’s anti-fraud authority—even when no futures exchange is involved. The decision reverses a district court’s dismissal and lets the CFTC pursue claims that Monex defrauded retail…
Jury Convicts Las Vegas Man of $24M AI Crypto Mining Ponzi Scheme A jury has convicted a Las Vegas man for operating a Ponzi scheme that prosecutors said raised roughly $24 million by marketing an “AI” crypto mining investment. According to the case, the scheme promoted returns tied to cryptocurrency mining and used artificial intelligence…
CFTC Keeps Grasp on Crypto Futures, Court Rejects Trader’s Challenge Trevor Kitchen lost his bid to strip the Commodity Futures Trading Commission of oversight over crypto-linked futures, as the D.C. Circuit upheld the agency’s authority to regulate those products. The unanimous ruling keeps enforcement power over derivatives squarely in the CFTC’s hands and signals that…
CFTC WINS, CRYPTO BRO LOSES IN NINTH CIRCUIT SHOWDOWN A federal appeals court just handed the Commodity Futures Trading Commission a decisive win against crypto trader James Devlin Crombie, ruling that his unregistered Bitcoin futures operation violated U.S. law. The decision strengthens the CFTC’s reach over digital-asset derivatives and signals that offshore or decentralized trading…
COURT NIXES IRS CRYPTO SEIZURE OVER FLAWED WARRANT A federal judge in Washington just blocked the government’s attempt to keep nearly $2 million worth of cryptocurrency that agents grabbed from twenty-four digital wallets last year. The ruling turns on a narrow but explosive issue: the IRS’s search warrant never told a judge what it was…
SEC Battered in Court as Binance Case Crumbles The Securities and Exchange Commission suffered a sharp legal defeat Monday when U.S. District Judge Amy Berman Jackson ruled that the agency cannot pursue its flagship unregistered-securities claims against Binance’s domestic trading platform. The decision not only undercuts the SEC’s two-year litigation strategy but signals to markets…
