Focuses on platforms where cryptocurrencies are bought, sold, or traded, including features, security measures, and exchange rates.
FTX’s restructuring plan faces significant legal challenges despite 95% creditor support. U.S. Trustee Andrew R. Vara and creditor rep Sunil Kavuri criticize legal protections and advocate for in-kind repayments. Key hearing set for October 7, 2024. @FTX_Official
Federal Court Rules in Favor of SEC in Kraken Lawsuit. The court denied Kraken’s motion to dismiss, citing securities law violations. Kraken must respond within 20 days; next hearing on Oct 15, 2024. This ruling may set a precedent for future crypto regulatory actions.
Ripple CLO Stuart Alderoty criticizes SEC’s approach in $KRAKEN lawsuit. Federal court rules Kraken tokens are not securities. @Kraken’s Marco Santori emphasizes SEC’s flawed tactics. SEC faces a tough challenge in proving each transaction as a security.
Ethereum Foundation’s $94.07M ETH Transfer to Kraken: What’s Next? The @Ethereum Foundation has moved 35,000 $ETH ($94.07M) to @krakenfx, the largest transfer in 2024, continuing its trend of strategic sales during market peaks. This highlights potential market volatility and strategic financial positioning.
Michelle Bond, partner of ex-FTX exec Ryan Salame, charged by DOJ for using $400,000 in FTX funds for her 2022 Congressional campaign. Both accused of concealing illegal financing. Salame seeks to annul his guilty plea.
ASIC wins lawsuit against Kraken subsidiary Bit Trade for compliance failure on a new product. The court’s ruling avoids harsher penalties but sets a precedent for increased regulatory scrutiny in the crypto industry. Kraken agrees to comply.
Binance’s announcement of a USDT-backed perpetual contract for $VIDT led to a 59% price surge to $0.03623. The contract, offering up to 75x leverage, also boosted 24-hour trading volume by 27.99% to $32.12M and market cap by 52.36% to $30.01M.
Bybit lists the $DOGS token, based on the TON blockchain, offering promotions with a prize pool of 3,410,000,000 DOGS. With a user base now over 40M, Bybit’s campaign highlights its market influence and commitment to innovation.
Coinbase will increase its $USDC holdings on the Base network starting March 26 for lower fees and faster settlements. Currently, 17% of its $220.7M USDC is on Base, with 70% on Ethereum. @Coinbase encourages others to adopt on-chain solutions.
$POPCAT and $SUN tokens rally after @Binance Futures announces USD-Margined perpetual contracts with up to 75x leverage, launching on August 22, 2024. Multi-Assets Mode allows various cryptocurrencies as margins, enhancing trading flexibility and reducing requirements.
Coinbase will migrate $MATIC tokens to $POL starting Aug. 26. Trading for both tokens begins Sept. 4. $MATIC transactions paused Aug. 26-Sept. 10. $MATIC staking rewards continue during migration. $POL enhances Polygon’s network efficiency.
Kamala Harris faces backlash over support for Biden’s 44.6% capital gains tax and 25% tax on unrealized gains, with crypto leaders questioning her pro-crypto stance. Critics argue the policies harm U.S. businesses and innovation. #Economy #Crypto
Ex-FTX Bahamas CEO Ryan Salame seeks to revoke his guilty plea, alleging prosecutors breached their agreement by continuing to investigate his partner, Michelle Bond. Salame, sentenced to 7.5 years and fined $11M, claims coercion. $FTX #CryptoNews
Binance expands trading options with new pairs for $AAVE, $DOGE, $MATIC, and $NEAR starting Aug 22. Trading bots for various pairs also launched. $AAVE surged 8% and $MATIC by 6.96% after the announcement. @Binance
