The SEC has agreed to settle its high-profile fraud lawsuit against crypto entrepreneur Justin Sun for $10 million. This officially ends a three-year regulatory battle. The agreement comes just as Sun emerges as the top buyer of a cryptocurrency project tied directly to US President Donald Trump, pouring $75 million into the venture. On 6…
The report ranked exchanges by reserves, trading activity, and transparency, with KuCoin scoring 96.7 out of 100. KuCoin has received the highest proof-of-reserves (PoR) transparency score among major crypto exchanges, according to CryptoQuant’s latest annual Exchange Leader report. The findings placed the Seychelles-based trading platform ahead of several larger rivals in a category that…
In this week’s edition of the weekly recap, Strategy disclosed its third-largest Bitcoin purchase of the year, adding $200 million worth of the asset to reach approximately 720,750 total holdings. Summary Strategy bought $200M in Bitcoin, raising holdings to about 720,750 BTC. Deloitte verified USAT reserves in the stablecoin’s first attestation. Kazakhstan plans a $350M…
BlockFills, the Chicago-based crypto options and lending platform backed by Susquehanna, is preparing for a corporate restructuring after suffering substantial financial losses and facing legal action from a customer alleging mishandling of funds. According to a Financial Times report, the firm has engaged consulting group BRG and law firm Katten Muchin Rosenman to advise on…
On Wednesday, the U.S. Securities and Exchange Commission (SEC) filed a motion to settle its massive lawsuit against Tron crypto entrepreneur Justin Sun for a $10 million civil penalty. The deal, if approved by a judge, effectively ends one of the agency’s most high-profile enforcement actions without a drawn-out trial. The agency claimed Sun and…
The new hardware is expected to add about 3.05 exahash per second (EH/s) of mining power when deployed at the company’s site in Drumheller. American Bitcoin (ABTC) is expanding its Bitcoin mining operations by purchasing 11,298 new ASIC equipment. The acquisition is expected to increase the company’s total capacity by 12%, supporting its strategy…
Kalshi faces a class-action lawsuit over disputed payouts totaling approximately $54 million related to bets on Iranian Supreme Leader Ali Khamenei’s departure from office. Summary Kalshi faces a $54M class-action lawsuit over disputed Khamenei bets. Traders say the platform retroactively excluded death-based outcomes. Kalshi argues the death exclusion existed from the market’s launch. Users who…
President Donald Trump said that Iran has “apologized and surrendered” to its Middle East neighbors and pledged to cease military attacks against them, while simultaneously warning that additional strikes against Iranian targets are imminent. In a Truth Social post on Saturday, Trump claimed that coordinated military pressure from the US and Israel has pushed Iran…
The market sentiment is bearish despite Bitcoin trading near $70,000. While the flagship cryptocurrency commands headlines with its resilience, a massive portion of the market is quietly bleeding out, especially the altcoins sector. According to new data, nearly 40% of altcoins are currently trading near their all-time lows. More alarmingly, many have sunk below the…
Meanwhile, a popular analyst said gold “is no serious competitor to Bitcoin” in relation to the ETF adoption pace. Although it remains the preferred safe-haven asset in times of exponentially increasing uncertainty, gold has seen a fair share of investor exodus, which was solidified by the largest US ETF tracking its performance last week….
