NY Slip Op 00042 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 action for personal injuries arising out of plaintiff’s fall on an…
SEC Crushed: Kraft Case Hands CFTC Crypto Oversight Win In a sharp rebuke to the SEC, the Seventh Circuit Court of Appeals just slapped down the agency’s attempt to hoard jurisdiction over Kraft Foods and Mondelēz’s swap data reporting, forcing compliance with CFTC rules instead. This mandamus ruling ends years of SEC foot-dragging on a…
NY Appellate Court Slams Door on Crypto Litigants’ Hopes. In a curt one-liner ruling, New York’s Appellate Division, First Department, denied an appeal in case 140 AD3d 451, crushing the appellant’s bid to overturn a lower court decision. This snap rejection signals zero tolerance for shaky legal challenges in high-stakes disputes, potentially echoing into crypto…
Trump Jr. Bets Big on Thumzup’s Wild Social Media-to-Bitcoin Pivot Donald Trump Jr. has thrown his weight—and likely cash—behind Thumzup Media, a social media influencer platform that’s morphing into a Bitcoin treasury powerhouse. The move signals elite money chasing BTC exposure through unconventional channels, blending social hustles with crypto’s hottest asset. For investors, it’s a…
SEC Overreach Smacked Down: CFTC Can’t Claw Back Profits The Seventh Circuit just gutted the CFTC’s power grab in a long-running fight with the Conway Family Trust, ruling the agency can’t force disgorgement of gains from a settled case without proving actual harm. This 2016 appeal, revived through twists, hands a rare win to traders…
Chinese Creditor Slams FTX’s Bid to Block Payouts in China and Beyond A Chinese creditor has fired back at FTX’s latest court motion to halt repayments to users in restricted countries like China, escalating the bankrupt exchange’s drawn-out saga. This clash highlights the tension between global crypto recovery efforts and national regulations, potentially delaying billions…
Kalshi Wins CFTC Blockade—Event Contracts Surge Free. The D.C. Circuit Court just slammed the brakes on the CFTC’s attempt to stay its own defeat, greenlighting KalshiEX to launch election betting markets ahead of November. In a swift October 2 ruling, judges denied the agency’s emergency motion, upholding a lower court’s block on rules banning event…
MrBeast Video Editor Suspended From Beast Industries Following Kalshi Insider Trading Probe A video editor connected to MrBeast has been suspended from Beast Industries amid an insider trading probe tied to Kalshi, a U.S.-regulated prediction market platform. The suspension follows scrutiny around alleged trading activity on Kalshi that is being examined as part of an…
GMX V1 Hacked for $40M – Trading and Minting 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, with hackers feasting on DeFi…
SEC Slaps Down on Crypto Tokens in Fifth Circuit Reversal The Fifth Circuit Court of Appeals just gutted a lower court’s block on the SEC’s case against Coinbase, greenlighting the regulator’s push to label several popular crypto tokens as unregistered securities. Filed April 17, 2025, the ruling revives allegations that Coinbase facilitated illegal trades, shaking…
SEC Crushes Precious Metals Trader in Crypto-Adjacent Commodities Clash New York’s Appellate Division just slammed Regal Commodities in a heated appeal over a precious metals trading dispute with Aaron Tauber, ruling unanimously that the firm must cough up $1.2 million plus interest. This isn’t some dusty contract spat—it’s a sharp reminder that courts won’t let…
SEC Crushed: Fifth Circuit Tosses Coinbase SEC Case on Key Claims The Fifth Circuit Court of Appeals just gutted major chunks of the SEC’s lawsuit against Coinbase, vacating rulings that classified staking services and certain tokens as unregistered securities. This 11/26/2024 smackdown hands crypto’s biggest U.S. exchange a massive win, signaling regulators can’t arbitrarily label…
Hyperliquid’s User Boom Sparks HYPE Rally to $45 Hyperliquid, the high-octane decentralized exchange, is surging in popularity with a rapidly expanding user base dominating the DEX space. This organic growth is fueling speculation that its native token, HYPE, could blast past $45 soon. For investors, it’s a classic tale of network effects turning hype into…
SEC Panel Backs Crypto Fraud MDL in Chicago Court A federal judicial panel chaired by Sarah S. Vance just greenlit centralizing three crypto fraud lawsuits into one powerhouse case in Chicago’s Northern District of Illinois, pulling in actions from California and Pennsylvania. Anthony Motto, the lead plaintiff from the flagship Greene suit, pushed for this…
Chinese Creditor Fights FTX’s Bid to Block Payouts in Banned Nations A Chinese creditor has thrown a wrench into FTX’s latest bankruptcy maneuver, challenging the exchange’s motion to halt repayments to users in restricted countries like China. This clash highlights ongoing tensions in the collapsed crypto giant’s $16 billion repayment plan, potentially delaying distributions for…
SEC Forces CFTC Hand on Kraft’s $700M Crypto Bet The Seventh Circuit Court of Appeals just greenlit the CFTC’s push to claw back oversight of a massive $700 million Kraft Foods derivatives trade, rejecting Kraft and Mondelēz’s bid to dodge via mandamus. This rare procedural win hands the CFTC a gavel on borderline commodity trades,…
MrBeast Video Editor Suspended From Beast Industries Following Kalshi Insider Trading Probe Beast Industries has suspended a video editor associated with YouTube creator MrBeast after the editor became linked to an insider trading investigation involving Kalshi, according to the information provided. The move comes amid scrutiny over alleged insider trading activity connected to Kalshi, a…
SEC’s Crypto Mom Slaps Down Tokenization Hype: They’re Still Securities SEC Commissioner Hester Peirce, the crypto-friendly “Crypto Mom,” just dropped a reality check: tokenized securities remain firmly under securities law, no matter the blockchain gloss. Echoing ex-chair Gary Gensler’s tough stance, she’s urging market players to chat with the SEC before diving in. This cuts…
CFTC Nails Crypto Trader in Landmark Manipulation Win The Ninth Circuit just upheld a massive victory for the CFTC against James Devlin Crombie, a California trader who got slapped with fines and bans for spoofing crypto futures on the BitMEX exchange. Crombie’s appeal bombed, affirming that Bitcoin counts as a commodity under federal law—handing regulators…
CFTC Clips Monex Wings: Metals Dealers Lose Forex Ruling The Ninth Circuit just handed the CFTC a sharp victory, ruling that Monex Deposit Company and its affiliates illegally peddled off-exchange forex trading to retail customers without proper registration. This 2024 decision revives the agency’s long-dormant enforcement case, signaling regulators can stretch commodity laws into retail…
