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Changpeng Zhao (“CZ”), Binance’s co-founder, is furious. He’s accusing Bloomberg of publishing another false and damaging article about him, and he’s threatening a lawsuit – his second against the financial news giant in just a few years. Bloomberg’s Accusations Bloomberg’s recent report claimed Binance helped create a stablecoin for World Liberty Financial (WLF), a company…
Bitcoin exchange-traded funds (ETFs) in the US have been on a roll lately! Since June 9th, they’ve seen a massive influx of cash, with only one day of outflows. Last week was especially huge. A Record-Breaking Week The past week saw a staggering $2.72 billion poured into US Bitcoin ETFs. This is the fifth-largest weekly…
A hacker who stole $42 million in crypto from the GMX exchange is giving it all back—and getting a hefty reward for their trouble. The Heist and the Return Earlier this week, a hacker exploited a vulnerability in GMX’s Arbitrum-based liquidity pool, making off with $42 million worth of cryptocurrency. GMX reported that the attack…
JPMorgan Chase CEO Jamie Dimon is betting against the market’s prediction of upcoming Federal Reserve interest rate cuts. He believes the market is seriously underestimating the risk of inflation. Dimon’s Contrarian View Speaking in Ireland, Dimon stated that he thinks the chances of the Fed raising rates are much higher than most people believe. He…
Robinhood’s Chief Investment Officer, Stephanie Guild, recently shared her updated predictions for the S&P 500 and the banking sector. She offered insights into her market outlook on CNBC’s Squawk Box. S&P 500 Forecast Guild revised her year-end target for the S&P 500, now predicting a close around 6,200, with a possible upside to 6,500. Her…
The Department of Justice (DOJ) announced the takedown of the largest healthcare fraud operation in US history, netting 324 defendants and uncovering a staggering $14.6 billion scam. The scheme involved a variety of fraudulent activities targeting vulnerable Americans. Targeting the Elderly and Vulnerable One particularly egregious scheme involved defrauding elderly and hospice patients. Defendants allegedly…
Bitcoin’s price has skyrocketed recently, jumping almost 9% in a week to nearly $119,000. This surge even broke past its previous all-time high. But one analyst thinks this is just the beginning. The “Golden Number” Theory Crypto analyst CryptoCon believes a long-term pattern points to a much higher Bitcoin price. Their analysis uses the 5.618…
Anatoly Legkodymov, co-founder of the now-defunct crypto platform Bitzlato, is seeking a pardon from former US President Donald Trump. This isn’t just any pardon request; it’s a high-stakes gamble to avoid extradition to France. The Bitzlato Case and the Pardon Request Legkodymov, a Russian national, pleaded guilty to running an unlicensed money-transmitting business. After serving…
Brad Garlinghouse, Ripple’s CEO, recently shared his optimistic outlook on the stablecoin market’s future. He believes it’s poised for massive growth. A Booming Market Garlinghouse pointed out the stablecoin market’s current size—around $250 billion—and predicted it could balloon to $1 trillion to $2 trillion in the next few years. This growth is already impressive, with…
Grayscale Investments is furious with the SEC’s decision to delay the launch of its Digital Large Cap Fund (GDLC) ETF. The GDLC, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, was initially approved, then put on hold indefinitely just 24 hours later. Grayscale’s Legal Action In a strongly worded letter, Grayscale’s lawyers blasted the SEC’s…
