Trump-Backed Crypto Venture Greenlights Governance Token Trading A business tied to the Trump family just voted overwhelmingly to make its governance token tradable on open markets, with over 99% approval from 5 billion tokens. This move thrusts a high-profile political name deeper into crypto, potentially unlocking liquidity and hype for the token. Investors are watching…
Buyouts and bitcoin: Inside the messy boardroom fight at a treasury company that may span to others Details were not provided beyond the headline. Without the underlying raw content—such as the company name, the parties involved, the sequence of events, filings or statements, and how bitcoin fits into the dispute—it isn’t possible to write a…
Trump Jr. Bets Big on Thumzup’s Wild Social Media-to-Bitcoin Pivot Donald Trump Jr. has thrown his weight behind Thumzup Media Corporation, a social media marketing platform that’s boldly transforming into a Bitcoin treasury powerhouse. This high-profile investment signals elite confidence in BTC as a corporate asset amid surging institutional adoption. For crypto investors, it’s a…
Chinese Creditor Battles FTX’s Plan to Block Payouts in Restricted Nations A Chinese creditor has fired back against FTX’s latest bankruptcy maneuver, challenging the exchange’s motion to halt repayments to users in China and other restricted countries. This clash threatens to delay the already long-awaited creditor payouts from the collapsed crypto giant. For investors still…
Texas Court Slaps Down Blockchain Firm’s Bid to Dodge SEC Probe Envy Blockchain Inc. and its execs just got a rude awakening from Texas’ Eighth Court of Appeals, which denied their desperate mandamus petition to halt an SEC investigation into alleged crypto securities fraud. The ruling reinforces the SEC’s iron grip on blockchain ventures claiming…
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 weakening housing data are flashing red recession warnings. Investors who chased the rally now face a stark reality check: macro headwinds could yank BTC back to…
SEC Crushes Bilzerian’s Crypto Dreams in Injunction Win The U.S. District Court in D.C. just slammed the door on Paul Bilzerian, the infamous 1980s stock fraudster, blocking him from launching or peddling any crypto offerings tied to his companies. This 2024 ruling enforces a decades-old injunction, declaring Bilzerian’s digital asset plans as future violations of…
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…
SEC Slams Door on Crypto Bid in Short Appellate Loss New York’s Appellate Division, First Department, swiftly denied a crypto-related appeal today in a one-line smackdown (140 AD3d 451), crushing hopes for quick relief against regulatory heat. This procedural punt keeps the pressure on defendants battling state enforcers, signaling courts won’t fast-track crypto defenses amid…
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…
