adminClass Action Lawsuits Hit Gemini as Exchange Growth Narrative Collapses Under…
In recent developments, mounting investor losses are drawing scrutiny to Gemini as class action lawsuits allege the crypto exchange misled markets about its growth strategy and financial outlook, fueling a…
Coin Center urges SEC to prioritize rulemaking over no-action letters
In recent developments, the Washington D.C.-based non-profit cryptocurrency policy think tank argued that no action letters within the crypto industry lead to fragmentation and uneven treatment. Looking closer, market participants…
CFTC issues ‘no-action’ letter for crypto wallet provider Phantom
In recent developments, the no-action position taken by the US regulator under Chair Michael Selig will allow the company to engage in certain activities without registering as a broker. Looking…
Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean?
In recent developments, a growing number of analysts believe Ethereum’s current price action is being misunderstood. Although frustration is growing due to Ethereum’s inability to hold above $3,000, some technical…
Support Holding, But for How Long? Bitcoin’s Showdown at $89K
In recent developments, bitcoin’s recent price action has all the drama of a soap opera—with a rollercoaster drop from its high-flying $97,939 cameo down to a modest flirtation with $88,665…
SEC dismisses civil action against Gemini with prejudice
In recent developments, the SEC was satisfied with Gemini’s agreement to contribute $40 million toward the full recovery of Gemini Earn investors’ assets lost as a result of the Genesis…
New Bitcoin whales may send BTC price to $85K: Here’s why
In recent developments, analysts say Bitcoin’s volatile price action reflects an increasing risk of distribution as new BTC whales control the price action. Is a drop to $85,000 in play…
US housebuilder to launch crypto rewards after SEC ‘no-action’ letter
In recent developments, megatel Homes says it’s launching a program where renters could receive rewards for paying their rent using a crypto token. Looking closer, market participants highlight key drivers…
US lawmakers demand action from SEC on Justin Sun enforcement case
In recent developments, three House Democrats warned that leaving the SEC’s case against the Tron founder unresolved could ”undermine investors’ confidence” in the financial regulator. Looking closer, market participants highlight…
Court temporarily stops Tennessee from taking action against Kalshi
In recent developments, kalshi is free to continue operating in Tennessee for now, as a federal judge blocked state regulators from taking action after the prediction market sued. Looking closer,…