The administrator overseeing the wind-down of Terraform Labs has filed a $4 billion lawsuit in opposition to high-frequency buying and selling agency Jump Trading. They accuse the market maker of secretly manipulating costs and contributing to the collapse of Do Kwon’s once-dominant crypto ecosystem. It comes barely every week after the choose issued Do Kwon…
The U.S. Senate has confirmed crypto-friendly lawyer Mike Selig as the subsequent chair of the Commodity Futures Trading Commission (CFTC), ending a chronic interval of management uncertainty at one of many nation’s most vital monetary regulators. The affirmation handed Thursday as a part of a mass approval of federal nominees, with senators voting 53–43 underneath…
Bitcoin’s newest market cycle has entered a brand new part, with onchain and derivatives knowledge pointing to demand exhaustion and a transition into bear market territory, in line with CryptoQuant’s newest Crypto Weekly Report. After a number of demand-driven rallies since 2023, the agency says the structural pillars that supported larger costs are actually weakening….
The Bank of Japan raised rates of interest to 0.75% on December 19, marking the very best borrowing prices in three many years and triggering speedy hypothesis about implications for world crypto markets. Bitcoin climbed 2.5% to strategy $88,000 following the choice, which got here as policymakers balanced inflation considerations in opposition to mounting fiscal…
Aptos has unveiled AIP-137, introducing SLH-DSA-SHA2-128s as its first post-quantum signature scheme to shield in opposition to future quantum computing threats. The proposal, drafted by Aptos Labs Head of Cryptography Alin Tomescu, goals to put together the community for quantum computer systems which might be cryptographically related earlier than they grow to be an pressing…
The latest surge in privacy-focused cryptocurrency Zcash could replicate short-term capital rotation fairly than the beginning of a sturdy bull market, in accordance with Real Vision founder and macro investor Raoul Pal. Key Takeaways: Raoul Pal says Zcash’s rally thus far appears like capital rotation, not a confirmed long-term uptrend. Despite a 699% acquire this…
Tom Lee’s Ethereum-focused treasury firm, BitMine, has purchased at the least $229.31 million value of ETH this week alone, Arkham reported. On-chain knowledge present that the agency simply purchased one other 30,075 ETH ($88.73 million). “Two contemporary wallets simply withdrew $88.73M of ETH from FalconX,” Arkham Monitoring reported. “This acquisition matches prior BitMine buy patterns.”…
A senior promoter behind the collapsed crypto platform IcomTech has been sentenced to almost six years in federal jail for his function in a multimillion-dollar Ponzi scheme that focused working-class, Spanish-speaking buyers throughout the United States. Key Takeaways: An IcomTech promoter was sentenced to almost six years for operating a crypto Ponzi scheme. The platform…
Coinbase has filed lawsuits in opposition to the US states of Michigan, Illinois, and Connecticut, escalating a rising authorized battle over who has the authority to manage prediction markets within the United States. Key Takeaways: Coinbase is difficult state authority over prediction markets, arguing they fall beneath CFTC jurisdiction. The lawsuits observe Coinbase’s Kalshi partnership…
The European Central Bank (ECB) has signalled {that a} digital euro is prepared to roll out and is now awaiting legislative motion from the European Parliament and the Commission. Addressing this year’s final press conference on Thursday, ECB President Christine Lagarde mentioned that the digital euro is technically prepared. “We have carried out our work,…