The Southern District Court of New York (SDNY) recently dismissed a class action lawsuit against Uniswap, the leading decentralized exchange. The lawsuit was filed by an investor from North Carolina who claimed that Uniswap had sold unregistered securities and failed to register as an exchange or broker-dealer. The investor had lost around $10,000 after buying […]
A United States District Court judge has declared Ether (ETH) and Bitcoin (BTC) as “crypto commodities” in her dismissal of a class action lawsuit against the decentralized exchange Uniswap. Judge Katherine Polk Failla, who is also overseeing the SEC lawsuit against Coinbase, dismissed the case brought by Uniswap users who claimed they lost money due […]
A recent victory by Grayscale against the federal securities regulator has raised the probability of an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, according to Bloomberg analysts. Eric Balchunas, a senior ETF analyst at Bloomberg, said the chances have risen to 75% from an earlier 65%. James Seyffart and Elliot Stein, […]
Robinhood Wallet, the popular multi-chain, self-custody, Web3 wallet, has recently introduced new features to meet the demands of its growing user base. The wallet now supports Bitcoin (BTC) and Dogecoin (DOGE), allowing users to custody, send, and receive these cryptocurrencies. Additionally, the platform has enabled on-app swaps on the Ethereum (ETH) network, with select users […]
A federal court ruling this week has increased the likelihood of a Bitcoin (BTC) exchange-traded fund (ETF) launching by the end of the year. According to Bloomberg ETF experts James Seyffart and Eric Balchunas, there’s a 75% chance that a spot market BTC ETF will launch by the end of 2023 and a 95% chance […]
Bitcoin investors holding between 10 to 10,000 BTC bought ahead of the rally, according to data from the on-chain analytics firm Santiment. The “BTC Supply Distribution” metric shows that these large BTC holders scooped up a significant amount of the asset before the news of Grayscale’s win against the US Securities and Exchange Commission (SEC) […]
Grayscale CEO Michael Sonnhenshein spoke to CNBC’s Squawk Box on Wednesday to discuss the company’s recent victory in its lawsuit against the Securities and Exchange Commission (SEC). The court determined that the SEC was being “arbitrary and capricious” by denying Grayscale’s conversion into a Bitcoin spot ETF while approving Bitcoin futures ETFs.The SEC now has […]
Robinhood, a trading app company, has been identified as the owner of the fifth-largest Ethereum address, holding 1.5 million ETH ($2.54 billion). This address also holds $177 million of other ERC-20 tokens. Arkham Intelligence, a platform that previously identified Robinhood as the owner of the third-largest Bitcoin address, made the announcement on Aug. 30. The […]
A U.S. District judge has dismissed a class action lawsuit against Uniswap Labs and its backers for allegedly abetting token scams. The judge concluded that current law does not provide a legal avenue for enforcing financial liability.The lawsuit was filed by a group of investors who claimed that Uniswap Labs and its backers had aided […]
OKX, a leading cryptocurrency exchange, has released its tenth consecutive proof-of-reserves (PoR) report. The report shows that the exchange holds $10.4 billion in primary crypto assets such as Bitcoin (BTC), Ether (ETH), and Tether (USDT). The audit covered 22 digital assets, including USD Coin (USDC), Ripple (XRP), Dogecoin (DOGE), Solana (SOL), Polkadot (DOT), and OKB.The […]
