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The Ripple-SEC settlement cannot take effect until the Court of Appeals formally signs off on the stipulation.
Share link:In this post: Digital Currency Group (DCG) has filed a lawsuit against its subsidiary, Genesis Global Capital LLC, concerning a $1.1 billion promissory note. The $1.1 billion promissory note is a safeguard that Genesis had in place. Genesis also sued DCG for $2.1 billion to get more funds to pay back additional customers, accusing it of fraud and mismanagement amounting to $3.1 billion.
Share link:In this post: Trump’s administration is negotiating a government equity stake in Intel using Chips Act funds. The move aims to rescue Intel’s delayed Ohio factory and boost U.S. chip production. Lip Bu Tan, Intel’s CEO, gained $29M as Intel stock surged 15% since his March appointment.
Share link:In this post: Hedge fund Brevan Howard is now the biggest shareholder of IBIT with 37.5 million shares. More entities are gaining or increasing their exposure to IBIT with Havard disclosure being most significant. IBIT has now crossed $90 billion in assets under management.
Share link:In this post: The S&P 500 and Nasdaq both fell Friday, while the Dow rose slightly, boosted by a 12% surge in UnitedHealth. Applied Materials dropped 14%, dragging chip stocks lower, and consumer sentiment slipped due to inflation fears. Buffett, Burry, and Tepper revealed large stakes in UnitedHealth, sending the stock to its best day since March 2020.
Share link:In this post: Trump and Putin held a three-hour meeting in Alaska but reached no agreement on ending the war in Ukraine. Zelenskiy was not invited, and no ceasefire or follow-up summit was confirmed. Trump claimed progress but admitted major issues remain unresolved.
- 01:13US Congressman Ro Khanna to introduce a bill prohibiting the President and elected officials from holding or creating cryptocurrenciesAccording to ChainCatcher, citing Watcher.Guru, U.S. Congressman Ro Khanna will introduce a bill to prohibit the president and elected officials from holding or creating cryptocurrencies.
- 01:13Data: A certain whale has opened a $14.27 million Ethereum short position on HyperliquidAccording to ChainCatcher, on-chain analyst Ai Aunt (@ai_9684xtpa) monitored that address 0x218...B7Da2 deposited 5.057 million USDC as margin to Hyperliquid 5 hours ago, initiating its first trade. This address currently holds 3,464.4 ETH short positions, valued at 14.27 million USD, with an opening price of 4,120.06 USD.
- 01:05US-listed company Streamex forms a strategic partnership with ChainlinkJinse Finance reported that Nasdaq-listed company Streamex Corp. (NASDAQ: STEX) has announced a strategic partnership with Chainlink, which will serve as its official oracle and on-chain transparency provider. This collaboration will enhance GLDY's cross-chain capabilities, transparency, and trust by integrating Chainlink's Proof of Reserve, price oracles, and Cross-Chain Interoperability Protocol (CCIP). GLDY is a gold-backed stablecoin asset designed to provide institutional-grade cash management and yield for physical gold holdings.