Court Issues Final Ruling in SEC vs. Ripple Case
⚖️ A federal judge has ordered Ripple to pay $125 million in civil penalties and has imposed an injunction against future violations of securities laws.
The injunction requires Ripple to file a registration statement if it intends to sell any securities. 🧐
The court ruled that Ripple violated securities laws in 1,278 institutional transactions involving the sale of XRP.
Previously, the SEC sought a $2 billion fine.
👀 The court also confirmed that Ripple’s sale of XRP to retail investors through exchanges did not violate securities laws.
Receiving the final answer that XRP is not a security, traders immediately drove the token’s price up by 20%. XRP is now trading at $0.60. 📈
⚖️ A federal judge has ordered Ripple to pay $125 million in civil penalties and has imposed an injunction against future violations of securities laws.
The injunction requires Ripple to file a registration statement if it intends to sell any securities. 🧐
The court ruled that Ripple violated securities laws in 1,278 institutional transactions involving the sale of XRP.
Previously, the SEC sought a $2 billion fine.
👀 The court also confirmed that Ripple’s sale of XRP to retail investors through exchanges did not violate securities laws.
Receiving the final answer that XRP is not a security, traders immediately drove the token’s price up by 20%. XRP is now trading at $0.60. 📈
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Crypto soothsayer
Confiscated ETH from China Begins to Move 🫨 💸 Hundreds of wallets that have been inactive for 3 years have started transferring large amounts of ETH. This ETH was seized by Chinese authorities from the Plus Token financial pyramid in 2020. A total of 194…
Chinese Police DID NOT Transfer $2,000,000,000 Worth of ETH!
👀 Most of the ETH from Plus Token was sold on Huobi exchange back in 2021 (confiscated in 2020).
Today, only 25,757 ETH ($63.1 million) were moved.
And Lookonchain has already deleted their tweet. 🤷
👀 Most of the ETH from Plus Token was sold on Huobi exchange back in 2021 (confiscated in 2020).
Today, only 25,757 ETH ($63.1 million) were moved.
And Lookonchain has already deleted their tweet. 🤷
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Michael Saylor Personally Accumulates $1 Billion in Bitcoin 💰
About four years ago, Saylor reported holding approximately 17,732 BTC.
👀 Since then, he has not sold a single coin and continues to accumulate them.
During the recent severe crypto market downturn over the weekend, he posted a brief tweet urging people to HODL. 💪
About four years ago, Saylor reported holding approximately 17,732 BTC.
👀 Since then, he has not sold a single coin and continues to accumulate them.
During the recent severe crypto market downturn over the weekend, he posted a brief tweet urging people to HODL. 💪
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According to FOX Business, Kamala Harris's team has formed a group called "Crypto for Harris."
The group is planning to hold a meeting soon.
👥 The meeting will include billionaire Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and several Democratic Party members of Congress.
It looks like the fight for crypto voters' support in the U.S. is heating up. 🤔
The group is planning to hold a meeting soon.
👥 The meeting will include billionaire Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and several Democratic Party members of Congress.
It looks like the fight for crypto voters' support in the U.S. is heating up. 🤔
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🚨 FTX and Alameda Ordered to Pay $12.7B to Creditors
⚖️ A New York judge has officially approved a consent order requiring FTX and its affiliate, Alameda Research, to pay $12.7 billion to creditors.
🗒 This decision, which concludes a 20-month lawsuit led by the CFTC, does not impose civil penalties but bans both firms from trading digital assets or acting as market intermediaries.
👀 FTX, which filed for bankruptcy in late 2022, severely impacted investor wealth. Sam Bankman-Fried, founder of both FTX and Alameda, was sentenced to 25 years in prison in March, ordered to forfeit $11 billion, and convicted of multiple fraud and money laundering charges.
⚖️ A New York judge has officially approved a consent order requiring FTX and its affiliate, Alameda Research, to pay $12.7 billion to creditors.
🗒 This decision, which concludes a 20-month lawsuit led by the CFTC, does not impose civil penalties but bans both firms from trading digital assets or acting as market intermediaries.
👀 FTX, which filed for bankruptcy in late 2022, severely impacted investor wealth. Sam Bankman-Fried, founder of both FTX and Alameda, was sentenced to 25 years in prison in March, ordered to forfeit $11 billion, and convicted of multiple fraud and money laundering charges.
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Crypto soothsayer
According to FOX Business, Kamala Harris's team has formed a group called "Crypto for Harris." The group is planning to hold a meeting soon. 👥 The meeting will include billionaire Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and several Democratic…
🇺🇸 Kamala Harris and Donald Trump have equal chances of winning the US presidential election! (according to bets on Polymarket)
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The Brazilian Securities and Exchange Commission (CVM) has approved a Solana ETF.
The fund will be offered by the local company QR Asset and managed by the fintech company Vortx. 💰
This is the first product of its kind in Brazil and one of the first Solana-based exchange-traded products (ETP) in the world. 🚀
The fund will be offered by the local company QR Asset and managed by the fintech company Vortx. 💰
This is the first product of its kind in Brazil and one of the first Solana-based exchange-traded products (ETP) in the world. 🚀
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Crypto soothsayer
🚨 FTX and Alameda Ordered to Pay $12.7B to Creditors ⚖️ A New York judge has officially approved a consent order requiring FTX and its affiliate, Alameda Research, to pay $12.7 billion to creditors. 🗒 This decision, which concludes a 20-month lawsuit led…
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FTX Investor 🤣
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OKX will block user accounts! 🚫
This may occur in two cases:
▪️When funding an account with funds from sources subject to U.S. sanctions (such as Garantex and Tornado Cash).
▪️ When withdrawing funds from OKX to addresses associated with sanctioned entities.
This information was published by OKX CEO Star Xu.
This may occur in two cases:
▪️When funding an account with funds from sources subject to U.S. sanctions (such as Garantex and Tornado Cash).
▪️ When withdrawing funds from OKX to addresses associated with sanctioned entities.
This information was published by OKX CEO Star Xu.
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Bitcoin miners' reserves have hit a 3-year low, with the total holdings now down to 1,510,300 BTC — a 2.4% decrease from the peak in December 2020. 📉
Currently, these BTC assets are valued at around $86 billion, representing roughly 8% of all Bitcoin in circulation.
Additionally, Bitcoin miners are facing record-low profitability.
Currently, these BTC assets are valued at around $86 billion, representing roughly 8% of all Bitcoin in circulation.
Additionally, Bitcoin miners are facing record-low profitability.
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Matrixport anticipates a BTC increase soon 📈
👀 The RSI indicator indicates Bitcoin is currently oversold, and with U.S. inflation data set to be released next week, BTC typically sees gains in these scenarios.
Traders could respond favorably to a decline in U.S. inflation, particularly if it dips below 3%. 🚀
👀 The RSI indicator indicates Bitcoin is currently oversold, and with U.S. inflation data set to be released next week, BTC typically sees gains in these scenarios.
Traders could respond favorably to a decline in U.S. inflation, particularly if it dips below 3%. 🚀
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Vitalik Buterin transferred 3,000 ETH ($8 million) to a new multi-signature wallet.
🕵️♂️ Lookonchain suggests that this is most likely a charity donation from Vitalik.
But maybe it's just a gift for his girlfriend. 😁
🕵️♂️ Lookonchain suggests that this is most likely a charity donation from Vitalik.
But maybe it's just a gift for his girlfriend. 😁
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CryptoQuant analysts reported that the realized price for short-term Bitcoin holders is around $64,000 - $65,000.
🐳 Some whales, tired of enduring losses, might decide to exit as soon as they reach their breakeven point. 🤷
🐳 Some whales, tired of enduring losses, might decide to exit as soon as they reach their breakeven point. 🤷
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Tether will double its staff over the next year to better meet regulatory requirements.
The company expects its workforce to reach 200 employees by mid-2025.
According to Paolo Ardoino, Tether is very cautious about overly aggressive workforce expansion.
Where can I apply for a job? 😄
The company expects its workforce to reach 200 employees by mid-2025.
According to Paolo Ardoino, Tether is very cautious about overly aggressive workforce expansion.
Where can I apply for a job? 😄
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📢 Ripple announced the start of closed beta testing for their stablecoin Ripple USD (RLUSD) on the XRP Ledger and Ethereum mainnet.
👀 RLUSD has not yet received regulatory approval and is therefore not available for purchase or trading. The company is urging everyone to be cautious of scammers claiming to have or be able to distribute Ripple USD. 🚫🥷
👀 RLUSD has not yet received regulatory approval and is therefore not available for purchase or trading. The company is urging everyone to be cautious of scammers claiming to have or be able to distribute Ripple USD. 🚫🥷
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A critical vulnerability has been discovered in the Solana blockchain! 🚨
Yesterday, it was reported that a serious security flaw had been found in Solana’s system. 🔎
▪️ By the time the vulnerability was publicly disclosed, it had already been addressed
👀 The Solana Foundation was able to keep the issue confidential thanks to their approach of maintaining communication with major validators through secure channels.
🔨 Within 5 days, the blockchain implemented a fix and secured over 70% of the network, ensuring that the vulnerability was not exposed early enough for potential exploitation.
Yesterday, it was reported that a serious security flaw had been found in Solana’s system. 🔎
▪️ By the time the vulnerability was publicly disclosed, it had already been addressed
👀 The Solana Foundation was able to keep the issue confidential thanks to their approach of maintaining communication with major validators through secure channels.
🔨 Within 5 days, the blockchain implemented a fix and secured over 70% of the network, ensuring that the vulnerability was not exposed early enough for potential exploitation.
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Tether CEO Paolo Ardoino has raised concerns that the EU's MiCA regulation could threaten stablecoins and the banking system.
👀 MiCA requires that at least 60% of stablecoin reserves be held in EU bank accounts. Ardoino noted that banks operate on a fractional reserve system, meaning only a fraction of deposits are available for withdrawal at any time. 💵
He also pointed out that cash deposits in the EU are insured up to just $100,000.
📉 🤷Ardoino highlighted the 2023 collapse of Silicon Valley Bank, which was a reserve bank for USDC and led to USDC losing its dollar peg, as a key example of the potential risks.
👀 MiCA requires that at least 60% of stablecoin reserves be held in EU bank accounts. Ardoino noted that banks operate on a fractional reserve system, meaning only a fraction of deposits are available for withdrawal at any time. 💵
He also pointed out that cash deposits in the EU are insured up to just $100,000.
📉 🤷Ardoino highlighted the 2023 collapse of Silicon Valley Bank, which was a reserve bank for USDC and led to USDC losing its dollar peg, as a key example of the potential risks.
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"BTC back to 60K, we're back bro"
Guy who bought Bitcoin at $70,000 🤣
Guy who bought Bitcoin at $70,000 🤣
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