The New York Attorney General’s office recently announced the resolution of its settlement with Gemini, resulting in the recovery of $50 million for users of the defunct Gemini Earn program. This settlement comes after legal charges were filed against Gemini by the NYAG, alleging that the exchange misled thousands of investors on the risks associated
Impact
The current state of the Ethereum market shows some weakness, with prices tumbling approximately 15% from March 2024. However, despite this downward pressure, on-chain data points to a more bullish sentiment. One key factor contributing to this positive outlook is the increased demand for ETH from permanent holders, who are most likely institutions with deeper
The Bitcoin options market is currently experiencing an expiry event involving around 20,000 options with a notional value of $1.35 billion. Despite the significant value of these options, the impact on the market is expected to be minimal due to the relatively smaller size of today’s expiry event. However, traders are closely watching a future
The cryptocurrency market has been experiencing sideways movement recently, with Bitcoin unable to decisively break past the $67K mark. Despite attempting to surpass $68K, the price faced resistance from sellers, resulting in a 1% loss over the past 24 hours. The volatile nature of the market has led to the liquidation of over $110 million
STORM Partners recently made waves in the crypto space with the announcement of their new initiative, Lightningbox, during the Web3Fest event in Switzerland’s “Crypto Valley.” This initiative aims to revolutionize the way large enterprises in Europe harness the power of blockchain technology to drive their digital transformation efforts. The Lightningbox initiative seeks to create a
Blockchain analytics platform Bubblemaps recently made headlines by alleging insider trading activity in meme coin projects associated with prominent figures like Andrew Tate and Iggy Azalea. These allegations have sparked a discussion within the crypto community about the ethics of such practices and their impact on the market. Bubblemaps detailed the alleged insider trading activities
As the cryptocurrency market continues to see bullish expectations, one particular crypto analyst, known as @Av_Sebastian on X (formerly Twitter), predicts that the Cardano price could potentially rise to $2. This optimism is attributed to the highly anticipated Chang upgrade scheduled for the Cardano network. The crypto analyst has expressed confidence that the ADA price
Recently, Terraform Labs found itself in a legal battle with the Securities and Exchange Commission (SEC), culminating in a $4.47 billion settlement related to fraudulent activities surrounding the defunct Terra blockchain. The SEC sought approval from US District Judge Jed Rakoff for a “proposed final consent judgment” involving Terraform and its co-founder, Do Kwon. The
On Wednesday, a groundbreaking NFT-based card game named Parallel made its debut on the Epic Games Store. This move strategically positioned Parallel in front of the platform’s extensive audience of over 270 million users, 75 million of which are active on a monthly basis. With Parallel now among the top PC games on the Epic
The latest release of the US Consumer Price Index (CPI) data sparked a notable surge in Bitcoin and the broader cryptocurrency market. Bitcoin and Ethereum saw gains of 3.4% and 2.43% respectively over the past 24 hours. Despite the uncertainty in the crypto market, with Bitcoin hovering around $70,000 and Ethereum struggling to break $4,000,