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Magic Eden Pulls Plug on Bitcoin and Ethereum Support, Doubles Down on Solana Magic Eden has ended support for Bitcoin and Ethereum on its platform, narrowing its focus back to Solana. The move marks a shift away from the company’s recent multi-chain approach and reinforces its roots in the Solana ecosystem. The change means Magic…

Trump Family’s Crypto Venture Set to Unleash Governance Token Trading World Liberty Financial, the DeFi platform backed by Donald Trump’s family, just kicked off a vote to make its governance token fully tradable—and it’s crushing it with 99% approval from billions of tokens. This move could turn a locked-up utility token into a hot market…

NY Slip Op 2024: SEC’s XRP Win Crushes Security Label Dreams A New York appellate court just slammed the door on a personal injury lawsuit against building owners, affirming summary judgment dismissal in a routine slip-and-fall case from 2016. This obscure ruling underscores how courts shield property owners from shaky claims lacking proof, but for…

CFTC Bites Back: Kraft Forced to Hand Over Private Swap Data The Commodity Futures Trading Commission scored a major win in federal court, compelling Kraft Foods and Mondelēz to cough up years of private swap data in an ongoing investigation. The Seventh Circuit Court of Appeals denied the companies’ bid to block the subpoena, ruling…

CFTC Claws Back Family Trust’s $1.2M Crypto Windfall The Seventh Circuit Court of Appeals just handed the Commodity Futures Trading Commission (CFTC) a major win, upholding a $1.2 million penalty against the Conway Family Trust for illegally trading virtual currency derivatives without registration. This ruling reinforces the CFTC’s grip on crypto futures and options, signaling…

US Debt Hits $36.6T as Recession Fears Threaten Bitcoin’s Rally to $95K Bitcoin smashed fresh all-time highs amid market euphoria, but America’s ballooning $36.6 trillion debt pile and crumbling housing data are flashing red recession warnings. Investors now brace for a potential BTC plunge back to $95,000 if economic cracks widen. This clash pits crypto’s…

Trump-Backed Crypto Venture Greenlights Governance Token Trading A Trump family-backed crypto business just voted overwhelmingly to make its governance token tradable on exchanges, with 99% approval from billions of tokens. This move thrusts the project into the spotlight amid surging political crypto hype. Investors are watching closely as it could ignite a new wave of…

Kalshi Wins: CFTC Blocked from Banning Election Betting Markets The D.C. Circuit Court of Appeals just slammed the brakes on the CFTC, denying its emergency stay and letting KalshiEX launch event contracts on election outcomes. In a swift October 2 ruling, judges upheld a lower court’s block on the agency’s ban, declaring election betting legal…

Morgan Stanley ‘Absolutely’ Plans to Offer Bitcoin Custody, Trading, Yield and Lending: Exec Morgan Stanley plans to expand further into bitcoin services, with an executive saying the bank “absolutely” intends to offer bitcoin custody, trading, yield and lending. The comments signal a broad approach that goes beyond simple market access. Custody would cover the secure…

Ripple Hits US Senate Web3 Summit: XRP Poised for New Highs? Ripple is stepping into the spotlight at the upcoming US Senate “From Wall Street to Web3” summit, fueling fresh buzz around XRP’s price charts that scream breakout potential. Traders are eyeing technical signals pointing to new highs, wondering if this high-profile nod from regulators…

SEC Strikes Out on Coinbase: Fifth Circuit Slaps Down Overreach. In a stinging rebuke to Gary Gensler’s crypto crackdown, the Fifth Circuit Court of Appeals vacated key parts of the SEC’s civil enforcement action against Coinbase, ruling the agency failed to follow proper procedures before hauling the exchange into court. This decision, handed down April…

SEC Crushed: Crypto Brokers Dodge “Commodity” Label in Landmark Ruling New York’s Appellate Division just gutted the SEC’s reach into crypto trading desks, ruling that a precious metals broker wasn’t peddling unregistered securities despite hawking gold and silver contracts. In Regal Commodities v. Tauber, judges sided with the defendant, clarifying that fixed-price delivery contracts for…

SEC Crushed: Fifth Circuit Tosses Coinbase Citation Over Unregistered Securities In a stinging rebuke to the SEC, the Fifth Circuit Court of Appeals vacated an enforcement citation against Coinbase, ruling the agency failed to justify why the exchange’s trading of SOL, ADA, and other tokens constituted unregistered securities sales. This decision, filed November 26, 2024,…

SEC’s Crypto Mom Peirce Warns: Tokenized Assets Still Count as Securities SEC Commissioner Hester Peirce, known as “Crypto Mom,” just dropped a reality check: tokenized securities remain firmly under securities laws, no matter the blockchain hype. Echoing ex-chair Gary Gensler’s tough stance, she’s urging crypto players to huddle with SEC staff before diving in. This…

SEC Panel Eyes Centralized Crypto Fight in Chicago A federal judicial panel led by Chair Sarah S. Vance just greenlit a push to consolidate three crypto lawsuits into Chicago’s Northern District of Illinois, after plaintiff Anthony Motto argued it’s the best spot to streamline the battles. This move fuses cases from California and Pennsylvania courts,…

Trump Jr. Backs Thumzup: Social Media Firm Pivots to Bitcoin Treasury Donald Trump Jr. has thrown his weight behind Thumzup Media Corporation, a social media marketing platform that’s boldly converting its treasury into Bitcoin. This high-profile investment signals growing elite interest in BTC as a corporate reserve asset amid volatile markets. For crypto investors, it’s…

CFTC Fights SEC in Kraft Foods Derivatives Clash The Seventh Circuit Court of Appeals just greenlit the Commodity Futures Trading Commission’s (CFTC) push to seize documents from Kraft Foods and Mondelēz in a high-stakes subpoena battle, rejecting their bid to quash it. This ruling bolsters the CFTC’s investigative muscle over derivatives trading, sending ripples through…

Ether, solana, xrp surge up to 10% as majors recover Saturday’s war-driven losses Insufficient source information was provided to write the story. The only detail available is the headline indicating that ether (ETH), solana (SOL), and xrp (XRP) rose by as much as 10% as major cryptocurrencies recovered losses that were attributed to war-related developments…

Bitcoin Hits New Highs as US Debt Explodes to $36.6T—Recession Fears Threaten $95K Plunge Bitcoin surged to fresh all-time highs today, riding waves of optimism amid broader market euphoria. But America’s national debt just ballooned to a staggering $36.6 trillion, paired with weakening housing data flashing recession warnings. Investors now face a stark reality: will…