Binance Lawsuit Triggers $700M in Withdrawals; Metaverse Tokens Named by SEC Lead Decline
The unprecedented withdrawals only reflect a small amount of Binance's reserves, according to data from CryptoQuant. Source
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Lawsuit
Why Did Bitcoin BTC Price Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets
Ether, the second largest crypto in market value, was recently changing hands below $1,800, off more than 5% from Sunday, same time. ETH and other major altcoins followed a similar path to bitcoin on Monday with the bulk of their declines coming in the immediate hours after the SEC suit.
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Crypto Traders Suffer $320M Losses in Liquidations as BTC, ETH, BNB Prices Drop Amid Binance SEC Lawsuit
Crypto markets nosedived Monday following the SEC suit accusing Binance, the world’s largest crypto exchange by trading volume, and its chief executive, Changpeng “CZ” Zhao, of offering unregistered securities, commingling user deposits and inflating trading volumes. Source
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Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg Says
If Coinbase faces charges from SEC, at least 37% of the crypto exchange's net revenue would be at risk, analysts says. Source
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Binance Lawsuit Could Be ‘Huge Mistake’ or Bring Needed Clarity to U.S. Crypto Industry
Similarly, Valerii Brizhatiuk, co-founder of Swisstronik, an identity-based L1, said that “players such as Binance have a wide range of features, products and investing services. Sometimes directing these products and services to support the global user base, but still adhere to the U.S. regulation, could pose a challenge.” Original Source
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Ripple Eyes IPO as XRP Lawsuit Draws to End
XRP’s lawyer thinks the outcome could be determined by September based on recent events. In light of this, Ripple is allegedly meeting with investors to discuss their interest in an IPO. As its legal battle related to XRP with the Securities and Exchange Commission (SEC) draws to a close, there are
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Blockchain Association Files Amicus Brief in Coin Center Lawsuit Against U.S. Treasury Over Tornado Cash Sanctions
“An order effectively requiring Defendants to decriminalize use of the 20 Tornado Cash addresses would allow Plaintiffs to conduct their legitimate activities with some measure of anonymity, use their preferred software tool without fear of penalties, and engage in important expressive associations,” the suit said. “Judicial relief would also serve
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Dogecoin investors strike Elon Musk with market manipulation lawsuit
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A collective of dogecoin investors has moved to modify their ongoing class-action lawsuit against Twitter’s outgoing CEO, Elon Musk. The amendment accuses Musk of manipulating the meme cryptocurrency’s market price for his gain. On May 31, a
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Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit
A group of Dogecoin investors has requested leave to amend a class-action lawsuit against soon-to-be former chief executive officer of Twitter Elon Musk, alleging he manipulated the price of the meme token.In a May 31 filing in United States District Court for the Southern District of New York, the investors
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Gemini and Genesis File Motion to Dismiss SEC’s Lawsuit against Earn Program
The outcome of the SEC’s lawsuit against Gemini and Genesis is expected to have significant implications for the crypto industry and its evolving regulatory landscape. Gemini crypto exchange, and Genesis, an insolvent crypto lender, have jointly filed a motion in US federal court, seeking the dismissal of the complaint filed by
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