Trump Jr. Backs Thumzup: Social Media Upstart Goes Full Bitcoin Treasury Donald Trump Jr. has thrown his weight behind Thumzup Media Corporation, a social media marketing platform pivoting hard into Bitcoin as its core treasury asset. This move signals elite buy-in for corporate BTC adoption amid surging institutional hunger for the king crypto. Investors take…
NY Slip Op 2024, Supreme Court, Appellate Division, First Department, decided on October 10, 2024. Order, Supreme Court, New York County (Nancy M. Bannon, J.), entered January 6, 2016, which granted defendants’ motion for summary judgment dismissing the complaint, unanimously affirmed, without costs. Defendants established entitlement to judgment as a matter of law, in this…
CFTC Fights Kraft in High-Stakes Mandamus Battle Over Hidden Trades The Seventh Circuit Court of Appeals is weighing a rare CFTC petition for mandamus against Kraft Foods and Mondelēz, demanding access to internal swap data from 2015 large trader reports. This clash tests the agency’s power to pierce corporate veils on off-exchange derivatives, potentially reshaping…
NY Appellate Court Slams Door on Crypto Litigants’ Appeal In a terse one-line smackdown, New York’s Appellate Division, First Department, denied an appeal in case 140 AD3d 451, leaving the lower court’s ruling intact with zero explanation or mercy. This snapshot ruling underscores the high bar for overturning crypto-related decisions in state courts, signaling to…
Trump-Backed Crypto Venture Greenlights Token Trading with 99% Vote A Trump family-backed crypto business just voted overwhelmingly to make its governance token tradable, unlocking massive liquidity for holders. With over 99% approval from five billion tokens, this move signals bold confidence amid political crypto hype. Investors are watching closely as family ties to power could…
CFTC Victor Crushes Family Trust’s Deregulation Bid The Seventh Circuit Court of Appeals slammed the door on the Conway Family Trust’s bid to deregulate its CFTC registration, upholding the agency’s authority in a ruling that reinforces federal oversight of commodity trading advisors. This decision ends a decade-long battle sparked by the trust’s 2016 petition, signaling…
XRP Eyes New Highs as Ripple Hits US Senate Web3 Summit Ripple is stepping into the spotlight at next week’s “From Wall Street to Web3” summit hosted by the US Senate, fueling fresh buzz around XRP’s price breakout. Charts are flashing bullish signals toward all-time highs, with traders betting on regulatory tailwinds from this high-profile…
Kalshi Wins: CFTC Blocked from Halting 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 prediction markets on election outcomes. In a swift October 2 ruling, judges upheld a lower court’s block on the agency’s ban, declaring election event contracts…
Kazakhstan’s Central Bank Plans Up to $350 Million Investment in Crypto Assets: Reuters Kazakhstan’s central bank will invest up to $350 million in crypto assets, according to Reuters. The planned allocation signals a notable step for a national monetary authority, which typically holds reserves in traditional assets such as foreign currencies and sovereign bonds. Moving…
US Debt Hits $36.6T as Recession Fears Threaten Bitcoin’s $95K Plunge Bitcoin surged to fresh all-time highs today, riding euphoric market momentum, but America’s ballooning $36.6 trillion debt and crumbling housing data are flashing red recession signals. Investors now brace for a brutal pullback that could drag BTC back to $95,000. This clash between crypto…
SEC Slaps Down in Coinbase Ruling: Private Funds Dodge “Securities” Label In a stinging rebuke to the SEC, the Fifth Circuit Court of Appeals ruled that a private investment fund’s purchase of Coinbase shares doesn’t count as an “investment contract” under securities law, vacating the agency’s enforcement action. This decision shreds a key SEC argument…
SEC Cracks Door for Crypto as Commodity in Precious Metals Fight New York’s Appellate Division just handed a win to Regal Commodities in its battle against trader Aaron Tauber, ruling that his scheme to manipulate precious metals markets didn’t dodge federal oversight by claiming “spot market” exemptions. This 2024 decision sharpens the line between regulated…
SEC Crushed: Fifth Circuit Tosses Coinbase Subpoena Overreach In a stinging rebuke to the SEC, the Fifth Circuit Court of Appeals on November 26, 2024, vacated a broad subpoena demanding Coinbase customer records, ruling it exceeded statutory authority under the Exchange Act. This decision marks a rare judicial check on the SEC’s aggressive crypto enforcement,…
GMX V1 Hacked for $40M: Trading Halted, Tokens Frozen in Panic Decentralized perpetuals exchange GMX has slammed the brakes on its V1 platform after a brutal $40 million exploit, halting all trading and token minting to stem the bleeding. This marks yet another gut punch to crypto in 2025, as hackers feast on vulnerabilities amid…
SEC Panel Backs Centralization in Key Crypto Class Actions A federal judicial panel led by Chair Sarah S. Vance has greenlit Anthony Motto’s push to consolidate three crypto-related lawsuits into the Northern District of Illinois, pulling in cases from the Central District of California and Eastern District of Pennsylvania. This move streamlines battles likely tied…
XRP Eyes New Highs as Ripple Hits US Senate Web3 Summit Ripple is stepping into the spotlight at next week’s “From Wall Street to Web3” summit hosted by the US Senate, fueling fresh speculation around XRP’s price surge. Charts are flashing bullish signals for new all-time highs, with traders betting the event could bridge traditional…
CFTC Fights SEC in Epic Turf War Over Kraft Swaps The Seventh Circuit Court of Appeals just slammed the brakes on the CFTC’s aggressive push to seize control of Kraft Foods’ interest rate swaps from the SEC, denying a rare writ of mandamus in a high-stakes regulatory showdown. This ruling reinforces the SEC’s primary turf…
Japan’s Nikkei 225 Marks Third-Largest Point Drop in History After 4,200-Point Intraday Plunge Japan’s Nikkei 225 logged its third-largest point drop on record after an intraday plunge of roughly 4,200 points, underscoring a sharp bout of volatility in one of the world’s most closely watched equity benchmarks. The move stood out both for its scale…
Trump-Backed Crypto Venture Greenlights Governance Token Trading World Liberty Financial, the DeFi project tied to the Trump family, just voted overwhelmingly to make its governance token tradable on exchanges. With over 99% approval from 5 billion tokens, this move could unlock massive liquidity and spotlight for the platform. Investors are watching closely as political influence…
CFTC Nails Crypto Trader in Landmark Fraud Win The Ninth Circuit just upheld a massive victory for the CFTC against James Devlin Crombie, a California trader who peddled bogus crypto investment schemes promising 20-40% monthly returns. Crombie scammed investors out of $3.5 million through fraudulent solicitations of Bitcoin margin trading contracts, marking one of the…
