Do Kwon Sentenced to 15 Years for Fraud
Do Kwon, co-founder of @TerraformLabs, was sentenced to 15 years in prison for defrauding investors and causing $50 billion in losses during the May 2022 crypto crash. #Breaking #Legal $LUNA
breaking-news
SEC Advances Towards Crypto Spot Trading
The CFTC, led by interim chief Caroline Pham, is advancing plans for regulated spot crypto trading amid Congress’s delays, aiming to launch products by year-end. #Update #Crypto $BTC $ETH
Fed Cuts Rates by 25 Basis Points
The U.S. Federal Reserve cut its benchmark interest rate by 25 basis points to 3.75%-4.0%, with Bitcoin trading at $111,700, down 3%. Market awaits Fed Chair Powell’s comments. #Update #Crypto $BTC
Crypto CEOs Meet Senate Republicans After Democrats
@Coinbase CEO Brian Armstrong and other industry leaders will meet with Senate Republicans after discussions with Democrats on crypto regulation, amid ongoing government shutdown. #Update #Crypto $BTC $ETH
Ripple Acquires GTreasury for $1B Expansion
@Ripple is acquiring treasury software provider GTreasury for $1 billion, enhancing its corporate finance offerings and targeting legacy systems in treasury departments. #Update #Crypto $XRP
Real Estate Tokenization Launches with Eric Trump
Eric Trump plans to tokenize real estate, offering fractional ownership tied to a developing building via @WLFI, potentially using its USD1 stablecoin for public investment. #Update #Crypto $USD1
CFTC Chair Nomination Withdrawn for Crypto Advocate
The White House has withdrawn Brian Quintenz’s nomination for CFTC chair, ending a contentious process amid opposition from crypto figures like the Winklevoss twins. Quintenz plans to return to private sector work. #Update #Crypto
Tether Aims to Raise $20B Valuation Boost
@Tether is seeking to raise $15B-$20B for a 3% stake, aiming for a $500B valuation. USDT’s market cap is $172.8B, with $4.9B profit reported in Q2. #Update #Crypto $USDT
SEC Approves Grayscale Crypto Fund Listing
The U.S. SEC approved new rules for exchanges to list ETPs holding spot commodities like cryptocurrencies, streamlining the process and enabling potential altcoin ETFs. #Update #Crypto $BTC $ETH
Gemini Stock Surges 45% After IPO
@Gemini priced its IPO at $28 per share, raising $425 million despite a $283 million net loss in H1 2024. Stock jumped 45% in early trades. #Update #Crypto $BTC
Bitcoin Strategy Snubbed as Robinhood Surges
@MicroStrategy’s strategy missed S&P 500 inclusion despite strong quarterly performance; stock fell nearly 3%. In contrast, @Robinhood was added, boosting its shares by 7%. #Update #Crypto $MSTR $HOOD
Crypto Legislation Advances in Senate Vote
The U.S. Senate advanced a new crypto regulatory bill, enhancing developer protections and bankruptcy guidelines for digital assets, amid ongoing bipartisan support; timing for final passage remains uncertain. #Update #Crypto $BTC $ETH
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