Author: e_cash_top

[ad_1] the U.S. District Court for the Western District of Texas granted partial summary judgment in favor of the Securities and Exchange Commission (SEC) against crypto influencer Ian Balina. The court ruled that Balina offered and sold SPRK Tokens as securities in unregistered transactions, affirming that US securities laws apply to his activities. SPRK deemed…

[ad_1] The US Supreme Court denied Coinbase’s motion to compel arbitration related to its Dogecoin (DOGE) sweepstakes on May 23. The judge ruled that “a court, not an arbitrator,” must decide whether one of Coinbase’s agreements supersedes the other. The first agreement is Coinbase’s User Agreement, which states that an arbitrator will handle disputes. The…

[ad_1] The US House of Representatives passed H.R. 5403, the CBDC Anti-Surveillance State Act, sponsored by Majority Whip Tom Emmer (MN-06). The legislation blocks the creation and issuance of a central bank digital currency (CBDC) without explicit congressional authorization, aiming to safeguard Americans’ financial privacy. The bill aims to prevent unelected officials from developing a…

[ad_1] The court-appointed examiner, Robert J. Cleary, has released a detailed report recommending additional investigations into several aspects of the collapsed FTX Group, particularly focusing on FTX.US, its asset management practices, and its legal representation by Sullivan & Cromwell (S&C). Cleary’s report, submitted to the US Bankruptcy Court for the District of Delaware, outlines the…

[ad_1] The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry. The decision, announced today, allows asset managers such as Grayscale, Fidelity, and Bitwise to launch ETFs that directly track the price of Ethereum (ETH). Ethereum rose XX% on the news,…

[ad_1] Quick Take Bitcoin has shown a positive trend since its halving on April 20, with an increase of approximately 8%. It traded around $64,000 and is now consolidating just below $70,000. This performance positions Bitcoin as one of the best-performing cycles since the start of a halving event, second only to Epoch 2, which…

[ad_1] According to a recent Bernstein report, the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US may establish a precedent for classifying Solana (SOL) as a commodity. The classification of cryptocurrencies as either securities or commodities holds significant implications. Commodity classification facilitates ETF applications and approvals, while security classification subjects assets…

[ad_1] Bybit crypto exchange CEO Ben Zhou has firmly denied rumors about the exchange’s alleged insolvency circulating on social media. This week, obscure social media accounts began spreading these rumors, with one user suggesting that a bug in a proof-of-reserves graph from Arkham Intelligence might have sparked the speculation. Zhou promptly dismissed these claims, stating…

[ad_1] A bipartisan group of US lawmakers advised the Securities and Exchange Commission (SEC) in a May 22 letter to approve spot Ethereum exchange-traded funds (ETFs). The letter signatories included Financial Committee Vice Chairman Rep. French Hill, House Majority Whip Tom Emmer, and Representatives Josh Gottheimer, Mike Flood, and Wiley Nickel. Ethereum ETF In the…

[ad_1] The ETH/BTC ratio represents the relative strength of Ethereum (ETH) against Bitcoin (BTC). With the two being the two largest coins by market cap and the two largest crypto ecosystems in general, it makes sense to compare their relationship to better understand the market. Tracking the ETH/BTC ratio is important as it reflects the…