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FTX and CFTC Agree to $12.7 Billion Settlement After Long-Standing Lawsuit
Defunct cryptocurrency exchange FTX and the U.S. Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, finally resolving a lawsuit that has lasted for 19 months. CFTC Will Receive $12.7 Billion, Pending U.S. Court Approval The July... -
U.S. Securities Regulator Issues Preliminary Approval to Spot Ether ETFs
The U.S. Securities and Exchange Commission (SEC) has reportedly issued preliminary approval to three asset managers, raising their hopes of launching spot Ether ETFs for trading next week. Asset Managers May Launch Ether Products Next Week A Reuter report revealed... -
Scammer Hands Back $9.3M to Phishing Victim After Nearly a Year
A crypto thief has had a change of heart and returned $9.3 million to a victim of a phishing attack that occurred in September 2023, approximately ten months after initially stealing $24 million. Returned Funds Represent 38.4% of Stolen Amount... -
UBS Downgrades Tesla Stock Amid Concerns Over AI And Automotive Business
UBS has downgraded Tesla stock (NYSE: TSLA) to a “sell” while raising its target price by $50 to $197. The brokerage is concerned over the deterioration in TSLA’s core automotive business and warns that if enthusiasm towards the company’s artificial... -
US Judge Suggests Coinbase to Modify Probe on US SEC Chair
Judge Katherine Polk Failla, who presided over the Securities & Exchange Commission (SEC) vs. Coinbase hearing on July 11, suggested that the Coinbase subpoena seeking access to SEC Chair Gary Gensler’s private communications before he led the commission should be... -
CFTC Chair Rostin Behnam Reaffirms Bitcoin and Ethereum’s Commodity Status in Testimony
CFTC Chairman Rostin Behnam stated on July 10 that 70-80% of cryptocurrencies, including Bitcoin and Ethereum, are not securities but commodities, according to current regulations. Rostin Behnam Testimony Contrast with US SEC’s view Chairman Rostin Behnam delivered his testimony before... -
Ethereum ETFs Nearing Approval, Says Bitwise Executives
Ethereum exchange-traded funds (ETFs) are reportedly close to receiving regulatory approval in the United States, according to Bitwise officers. Katherine Dowling, chief compliance officer at Bitwise, a crypto asset manager, stated that while an exact launch date remains uncertain, signs... -
DigitalX Bitcoin ETF Set to List on Australian Securities Exchange this Week
DigitalX, a blockchain-focused asset manager, obtained regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF) recently. Known as the DigitalX Bitcoin ETF, the flagship fund will become the second ETF available for trading on the Australian Securities Exchange (ASX)... -
US Stocks Extend Rally as Powell Says Holding Rates Higher for Long Could Hurt Growth
US stocks have extended their winning streak and hit record highs after Federal Reserve chair Jerome Powell said that holding rates higher for long could jeopardize US economic growth. In his prepared remarks for the Senate testimony, Powell said, “Reducing... -
Japan’s Metaplanet Expands Bitcoin Holdings with New $2.5 Million Investment
Metaplanet, a publicly-listed investment and consulting firm headquartered in Japan, has acquired 42,466 BTC, amounting to approximately $2.5 million as of July 8. Metaplanet Bitcoin purchase comes amidst the volatile cryptocurrency markets and decline of BTC price. Metaplanet Bitcoin Stash...
