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.
$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.
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
? Crypto Investors Sue Binance and CZ for Alleged Money Laundering ?
Three investors have filed a class-action lawsuit against $BNB and ex-CEO @cz_binance, accusing them of laundering stolen assets and causing financial losses. This case could set a major precedent in the crypto industry.
Gemini to delist $LUNC, $SNX, $QRDO, and $ZBC amid market review. Users must withdraw assets by Sept 20. Crypto community confused by Gemini’s naming of wLUNA as $LUNC. This may prompt other exchanges to reassess listings.
Coinbase lists $ACX, boosting its price by 14%. Trading begins on August 21, 2024, pending liquidity conditions. Market cap hits $59.2M, daily volumes surge 49% to $650K, signaling strong interest in Across Protocol. #CryptoNews #Coinbase
Binance’s $BNB security measures stopped $2.4B in crypto fraud, protecting 1.2M users in 2024. Their eight-layer system, combining AI and manual reviews, also recovered $73M in stolen funds by July. #CryptoSecurity #Binance
VanEck’s Matthew Sigel predicts the $COIN vs. SEC lawsuit will settle as top SEC officials move to private practice, like David Hirsh joining McGuireWoods. This shift could accelerate clearer crypto regulations with key pro-crypto bills in Congress.
