Competing Claims Emerge The FTX Debtors’ Estate is facing claims from various parties over the ownership of assets forfeited by Sam Bankman-Fried (SBF) after his conviction for fraud and money laundering. The Estate’s Claim The estate claims a superior right to these assets, including: Proceeds from Robinhood shares Funds in FTX accounts Funds in Binance…
Despite the crypto market’s recent sideways trend, a Solana-based NFT platform has seen a surge in activity, leading to a 30% increase in its native token’s value. Increased On-Chain Activity Metaplex (MPLX) has reported a record number of unique wallets interacting with its protocol in May, with over 834,000 direct transactions. Additionally, 3.1 million new…
Truist Bank, one of the largest banks in the US, has confirmed a data breach that exposed the personal information of thousands of account holders. Hacker’s Claim A hacker known as Sp1d3r claims to be selling a trove of data from Truist Bank, including: Names Bank account numbers Transaction history Balances Sp1d3r is reportedly asking…
Investigation Uncovers Undisclosed Risks New York Attorney General Letitia James has reached a $50 million settlement with cryptocurrency exchange Gemini over allegations of fraud. The settlement aims to recover assets for investors who were allegedly defrauded through Gemini’s Earn program. The investigation found that Gemini knew about the risks associated with its partner, Genesis, but…
A recent survey by the Bank for International Settlements (BIS) reveals that 94% of central banks are investigating the creation of their own digital currencies (CBDCs). Wholesale vs. Retail CBDCs The BIS survey found that most central banks are exploring both retail and wholesale CBDCs. Retail CBDCs are designed for everyday transactions by individuals, while…
Lil Pump’s Memecoin Adventure Rapper Lil Pump has joined the memecoin craze, launching his own Solana-based token called “lil pump.” He’s been promoting it heavily on social media, even getting a “Solana” forehead tattoo. Pump and Dump Fears However, investors are cautious. Celebrity-backed memecoins have a history of crashing after the initial hype. Projects promoted…
Victims Compensated New York Attorney General Letitia James has reached a $50 million settlement with crypto exchange Gemini. This settlement aims to compensate victims who lost money in Gemini’s Earn program. Over 230,000 investors, including 29,000 New Yorkers, were misled into investing in Earn, a program run with Genesis Global Capital. James accused Gemini of…
Crypto Experts Predict Dogecoin ETF Launch Crypto experts Arthur Hayes and Raoul Pal believe a Dogecoin Exchange-Traded Fund (ETF) is on the way as meme coins gain popularity. Hayes predicts an ETF by the end of the market cycle due to Dogecoin’s growth, market cap, and cultural impact. Pal agrees, citing his advocacy with VanEck’s…
Price Action Bitcoin (BTC) has fallen below its 1-day Simple Moving Average (SMA), a technical indicator that suggests a potential downtrend. This move signals increased bearish sentiment and volatility in the market. Market Sentiment On the 4-hour chart, BTC is trading below its 100-day SMA and attempting to test the $64,515 support level. The Composite…
Allegations A class-action lawsuit has been filed against JPMorgan Chase, accusing the bank of illegally sharing sensitive customer information with Facebook. The complaint alleges that Chase installed a Facebook tracking pixel on its website that collected and transmitted social security numbers, names, birthdates, phone numbers, addresses, and financial information from customers who applied for credit…
