FTX, a bankrupt crypto exchange, recently concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were among the buyers who participated in the auctions, acquiring final troves of SOL tokens from FTX after weeks of bidding. Figure reportedly purchased a bundle of 800,000 coins for around $80 million,
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In a recent motion for an interlocutory appeal filed with the US District Court for the Southern District of New York, Coinbase accused the SEC of attempting to evade the Howey test by not addressing whether digital asset transactions without post-sale obligations can be considered investment contracts. This legal maneuver could have far-reaching implications for
The Bitcoin price has experienced some fluctuations recently, dropping from over $71,000 to around $67,000. This has prompted crypto analysts to carefully examine the technical indicators to predict the future direction of the price. One particular analyst, The Signalyst, has highlighted that the cryptocurrency is now in a crucial zone with important levels to monitor
In a landmark decision, the U.S. Supreme Court unanimously ruled against Coinbase Inc. in an arbitration dispute stemming from the company’s 2021 Dogecoin sweepstakes. The court clarified that when parties are governed by multiple contracts, a court must determine which legal agreement takes precedence. This decision brings much-needed clarity to the arbitration process, highlighting the
The Dogeverse (DOGEVERSE) presale is currently underway, with the final opportunity for investors to participate ending soon. This unique multi-chain offering has already raised over $15 million, showcasing its popularity and potential in the crypto market. The Dogeverse project follows the journey of Cosmo, a chain-hopping doge who navigates the blockchain world using Portal Bridge
OpenSea, a popular NFT marketplace, has recently introduced a new initiative known as the “Get Based” series. This series aims to showcase artists creating on Coinbase’s Base network, which is an Ethereum Layer 2 (L2) solution. By highlighting the works of these artists, OpenSea hopes to promote the Base network and support creators within this
The cryptocurrency market is constantly evolving, with new developments and innovations reshaping the landscape. As the market eagerly awaits the approval of spot Ethereum ETFs, there is a sense of anticipation mixed with caution regarding the potential market dynamics that may unfold. Thomas Fahrer, co-founder of Apollo, a firm focused on Bitcoin adoption, has issued
Recently, the U.S. District Court for the Western District of Texas ruled in favor of the Securities and Exchange Commission (SEC) in a case against crypto influencer Ian Balina. The court found that Balina had offered and sold SPRK Tokens as securities in unregistered transactions, thereby violating US securities laws. Allegations Against Ian Balina The
A crypto analyst, going by the name of CrediBullCrypto, has made some bold predictions for Bitcoin in a recent analysis. According to the analyst, Bitcoin is poised for an “ultra bull scenario” that could see its price skyrocket above $80,000 in the near future. This prediction is based on key support levels and technical patterns
The recent report by Bernstein suggests that the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US could potentially set the stage for the classification of Solana (SOL) as a commodity. This distinction between commodities and securities has far-reaching implications for the cryptocurrency market. Commodities classification paves the way for ETF applications
The cryptocurrency market is constantly evolving, with new projects emerging to offer innovative solutions and opportunities for investors. One such project that has been gaining attention is 5thScape, a new ICO that has been making waves in the crypto space. As holders of Floki Inu (FLOKI) are starting to shift their focus towards 5thScape, could
The recent decision by the United States House of Representatives to bar the Federal Reserve from directly issuing a Central Bank Digital Currency (CBDC) has sparked a heated debate within the crypto community. The CBDC Anti-Surveillance State Act bill, introduced by Rep. Tom Emmer, has raised concerns about government overreach and the need to protect
In the rapidly evolving world of cryptocurrency, experts and enthusiasts alike are constantly analyzing historical data and trends to make predictions about the future of Bitcoin. One such analyst, known as Crypto Con, has made a bold projection regarding the timeline for Bitcoin to reach its peak in the ongoing bull cycle. By utilizing various
Recently, rumors about Bybit’s alleged insolvency have been circulating on social media. These rumors suggest that a bug in a proof-of-reserves graph from Arkham Intelligence may have sparked the speculation. However, CEO Ben Zhou has firmly denied these claims, stating that they are baseless and lack any real facts to support them. To reinforce his