Jane Street has formally requested the dismissal of a lawsuit filed against it by Terraform Labs. The algorithmic trading firm is responding to accusations that its actions precipitated the collapse of the UST/LUNA algorithmic stablecoin. Terraform Labs had alleged that…
We’ve been writing trading guides for years now. Some are for beginners. Others go deeper for experienced traders. One thing stays the same though. You are never done learning. That mindset is what separates average traders from successful ones. Today…
The United States Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Cambodian Senator Kok An, who is alleged to be a central figure in operating fraudulent investment schemes, often referred to as “scam compounds,” that have targeted…
A significant coalition of cryptocurrency industry stakeholders, including trade groups, venture capital firms, and prominent digital asset companies, has formally requested that the U.S. Senate Banking Committee expedite the markup process for digital asset market structure legislation. The industry argues…
Benjamin Pasternak, the founder of the SocialFi and token launchpad application Believe, has been arrested on charges including strangulation in the second degree and assault. Public records from the New York Criminal Court confirm the arrest, which is reportedly linked…
Sam Bankman-Fried, the former CEO of FTX, has temporarily withdrawn his motion seeking a new trial. In a letter addressed to Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York, Bankman-Fried expressed his belief…
State Officials Move to Regulate Prediction Markets Amid Insider Trading Concerns New York Governor Kathy Hochul has signed an executive order prohibiting state employees from leveraging nonpublic information obtained through their official duties to profit from or avoid losses in…
We ran the same playbook… and it worked again Last time, we broke down exactly how we qualified for the Trump meme dinner.This time, we did the same thing. No changes. No fancy tricks. And it worked again. We also…
Legislative Clarity Act Faces Multifaceted Challenges Beyond Stablecoin Yields The path toward enacting comprehensive cryptocurrency legislation, specifically the proposed Clarity Act, faces significant obstacles extending beyond the contentious issue of stablecoin yields. TD Cowen, a prominent investment bank, has identified…
Negotiations surrounding a comprehensive digital asset legislation bill have reportedly reached a favorable point concerning stablecoin rewards, a significant hurdle in passing the proposed law. However, discussions are now shifting towards other contentious issues, including illicit finance and ethical considerations,…