Crypto news

It looks like Martin Shkreli cannot keep himself out of legal trouble. He was previously convicted of securities fraud because of stock manipulation when he served as the CEO of Turing Pharmaceuticals. Now, he is being sued by PleasrDAO for his notorious online behavior, which has possibly caused PleasrDAO monetary losses. PleasrDAO is an on-chain community that collects physical and digital art and donates to charitable causes. During Shkreli’s previous securities conviction, PleasrDAO...

Terraform Labs has reached a settlement in its lawsuit with the Securities and Exchange Commission (SEC), with the defunct crypto firm agreeing to pay a $4.47 billion fine for its fraudulent activity related to the defunct Terra blockchain. In a Wednesday letter to US District Judge Jed Rakoff, the SEC asked for approval of its “proposed final consent judgement” concerning Terraform and its famous co-founder, Do Kwon. The agency claimed that the seismic penalty addresses the...

ENA – the native token of Ethena – has been facing significant selling pressure in recent weeks. After an extended period of price declines, ENA plunged to $0.73, representing its weakest price level since May 20th. This, in turn, has translated to huge losses for ENA stakers. Lookonchain revealed that the largest ENA staker, who had staked 23.24 million ENA – worth around $17.3 million – unstaked their entire holding on Tuesday. In a surprising move, this whale then sold...

The crypto volume market share of the Turkish lira (TRY) has hit an all-time high amid the currency’s depreciation and foreign exchange volatility in the country. According to a report by crypto research platform Kaiko, the uptick in TRY’s crypto volume market share caused the currency to rally past the euro (EUR), becoming the third largest fiat currency by volume. TRY Becomes Third Largest Fiat by Volume Kaiko’s analysis found that TRY’s crypto volume market share hit an...

The Federal Reserve announced on Wednesday that it would not change its policy interest rate despite increasing political pressure to change course. No Rate Cuts Yet, Says Federal Reserve In a press release, the Federal Reserve declared that job growth and economic expansion have “remained strong” while inflation has only seen “modest progress” towards its 2% target. “The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that...

[PRESS RELEASE – George Town, Cayman Islands, June 12th, 2024] The VGX Foundation has announced a partnership with popular web3 game Honeyland, offering rewards utilizing the VGX token for their players. VGX is a token that bridges multiple chains and is focused on bridging utility across GameFi and gaming ecosystems. Honeyland is a popular blockchain-based casual strategy game available on iOS and Android, and one of the top games on Solana. With the new partnership, holders...

Bitcoin and the rest of the cryptocurrency market experienced a notable surge following the release of the latest US Consumer Price Index (CPI) data, and now eyes are on tonight’s Federal Open Market Committee (FOMC) meeting. Bitcoin and Ethereum posted gains of 3.4% and 2.43% over the past 24 hours, respectively. The crypto market remains uncertain, with BTC hovering at around $70,000, Ethereum struggling to get past $4,000, and investors treading with caution. However,...

[PRESS RELEASE – San Francisco, United States, June 12th, 2024] Topper integrates Brazil’s Central Bank-Managed Pix for Instant Payments on 200+ digital assets. Today Topper, a fiat-to-crypto on-ramp by the global web3 financial platform Uphold, announced their Latin American expansion plans to begin offering streamlined crypto payment solutions, beginning in Brazil. This milestone propels their mission forward: to foster the mass adoption of crypto and to create global...

One standout crypto presale is ETFSwap (ETFS), a project that is drawing significant attention and is anticipated to surpass the success of Shiba Inu (SHIB). By examining the presale performances of 99Bitcoins and WienerAI (WAI), we can see why ETFSwap is considered superior and positioned to dominate the crypto space. ETFSwap (ETFS) Super Presale Success ETFSwap (ETFS) has achieved remarkable presale success, which is marked by its groundbreaking utilities, features, and...

BloFin Exchange, a leading cryptocurrency trading platform renowned for its robust security measures and user-centric innovations, is excited to announce its integration with the Chainalysis blockchain data platform. This development is pivotal in enhancing the exchange’s compliance capabilities and safeguarding the assets of its global user base. Currently, BloFin offers up to 320 contract trading pairs and 100 spot trading services, achieving a hundredfold growth compared to 2023. As...