Recently, the US District Court for the District of Utah made the decision to dismiss the SEC’s case against DEBT Box without prejudice. In addition to this dismissal, the court imposed fines of over $1.8 million against the SEC for bad faith conduct. These fines, which include attorney fees and costs, serve as a form
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The recent surge in the price of SHIB on Solana has taken the crypto world by storm, with the token experiencing a significant overnight explosion. This surge can be attributed to the growing interest in dog-themed meme coins, which have gained popularity among Solana meme coin traders in recent months. Currently, SHIB on Solana is
The Rehabilitation Trustee of the now-defunct crypto exchange Mt. Gox has confirmed that despite transferring over 140,000 BTC (approximately $10 billion), it has not sold its significant Bitcoin holdings. The confirmation came through a statement on May 28, where the trustee emphasized that preparations for repaying creditors were still ongoing. The firm detailed that the
Upon examining the optimistic forecast provided by renowned crypto analyst Crypto Con regarding Bitcoin’s potential price surge to $123,832, it is crucial to approach his assertions with a critical mindset. While Crypto Con emphasizes the significance of historical patterns and market behavior in his analysis, there are certain inconsistencies within his predictions that warrant further
In the ever-evolving world of NFTs, Magic Eden Marketplace has emerged as a leader, catering to the needs of a diverse NFT community. Initially focused on Solana-based NFTs, Magic Eden has expanded its horizons to include Ethereum NFTs and even the latest Bitcoin ordinals. The platform’s popularity is evident in its impressive user count and
Recently, Grayscale’s upcoming spot Ether exchange-traded fund (ETF) has been making headlines with predictions of significant outflows in the market. An analysis by Kaiko suggests that if the trend set by the company’s Bitcoin Trust is followed, there could be an average outflow of $110 million per day. SEC Approval of Spot Ether ETFs The
Ethereum (ETH) is currently experiencing a notable surge in the market, with technical analysis pointing towards a significant breakout. Analyst Jelle has identified a key pattern shift for Ethereum, breaking out from a “falling wedge” and establishing support zones at key resistance levels. This movement has propelled Ethereum towards the $4,000 mark, indicating a potential
The Normie (NORMIE) token recently faced a major setback when its value plummeted by 99% in just three hours due to a smart contract exploit. This exploit led to the token’s market cap dropping from $42 million to a mere $200,000 in a short span of time. The developers of the Base meme coin, to
The European Securities and Markets Authority (ESMA) has been closely examining Maximum Extractable Value (MEV) as a form of illegal market abuse within the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. This development, highlighted by Patrick Hansen, a well-known commentator on crypto regulations, has significant implications for the cryptocurrency industry. According to
Upon analyzing the technical candlestick arrangement for Ethereum, it becomes evident that ETH prices might be gearing up for a significant upturn in the upcoming weeks and months. A key indicator to watch is the ETH/BTC ratio, which has recently reversed from a multi-year support trend line. Historically, when prices bounce off this line, altcoin
