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If passed – voting ends Tuesday – the governance proposal will reduce the amount of DYDX given to liquidity providers per epoch to 575,342, a 50% decrease that amounts to about $1 million at current prices. Antonio Juliano, dYdX’s founder, said on X (the site formerly known as Twitter) that
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The InQubeta presale has so far raised over $1.5 million, benefiting early adopters. In recent times, InQubeta and Ripple have been buoyed by positive developments. For instance, Ripple recently won against the United States Securities and Exchange Commission (SEC).
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Ripple Labs scored a victory in the United States district court in the southern New York district on July 13 as judge Analisa Torres ruled in favor of the company in a case brought forth by the SEC dating back to 2020.According to documents filed on July 13, Judge Torres
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The ruling, which won a 5-4 majority, allows Coinbase to continue its effort to compel arbitration against the putative class action lawsuit, halting the lawsuit's progress through the federal court system in the meantime. While this marks a win for Coinbase, it has little direct effect on the crypto industry. Source
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In his Tuesday ruling, Judge Brendan Shannon authorized Bittrex U.S. and its affiliates “to permit their customers holding undisputed, noncontingent, and liquidated claims to withdraw cryptocurrency assets and fiat currency from the Debtors’ trading platform to the extent of such claims.” Source
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A federal judge has sided with the U.S. Commodity Futures Trading Commission (CFTC) in a lawsuit alleging decentralized autonomous organization (DAO) Ooki DAO offered unregistered commodities, quashing an industry-wide perception that decentralized finance (DeFi) actors are immune to regulatory scrutiny. Source
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zkPass protocol was selected from a list of more than 900 applicants and will now receive strategic funding from Binance Labs as well as four other finalists. A decentralized open-source protocol that focuses on identity verification solutions zkPass has been crowned the winner of a metaverse show sponsored by the leading
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Startups competed in a metaverse-based Web3 reality show called Build
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The deal is yet to be finalized as an initial deposit is expected within the next ten days. It is a good day for the embattled crypto lender Celsius Network as crypto consortium Fahrenheit LLC has won the bid to acquire the insolvent firm whose assets were previously valued at $2
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The bid, though accepted by Celsius and a committee of its creditors, must still be approved by regulators to finalize the acquisition. Months ago, Bankruptcy Court Judge Martin Glenn warned “regulatory roadblocks” could plague the sale of Celsius much like it thwarted a fellow lender’s acquisition. In April, crypto exchange
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