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SEC Lawsuit Against HEX Founder Dismissed Over Jurisdictional Issues
A federal judge has dismissed the SEC's $1 billion fraud case against cryptocurrency entrepreneur Richard Heart due to insufficient U.S. connections. The ruling deals a setback to regulators' efforts to police cross-border crypto activities despite Heart's alleged misappropriation of investor funds.
Bitcoin ETF Market Faces Historic $2.4B Selloff Amid Crypto Downturn
Spot Bitcoin ETFs experience their largest outflows since launch, with investors withdrawing over $2.4 billion this week amid falling crypto prices and market uncertainty. Despite the massive selloff, ETF assets remain resilient at $90 billion while the industry continues expanding with new fund applications.
Bitcoin Price Plummets as Whales Dump $540M Worth of Holdings
Bitcoin's value has plunged from $95,700 to below $80,000 following a massive selloff by major holders, marking the largest whale dump since July 2023. The market downturn triggered over $2.16 billion in realized losses, with new investors particularly impacted.
Ethereum's Record February Plunge: ETH Price Faces Critical Support Test
Ethereum experiences its worst February performance ever, plummeting 27.48% amid intense market selling pressure. Technical indicators suggest further bearish momentum as ETH breaks multiple support levels, with analysts eyeing potential drops to $1,880.
FTX Legal Fees Hit $1 Billion: Inside One of History's Most Expensive Bankruptcies
The FTX bankruptcy saga has racked up nearly $1 billion in legal fees, making it one of the costliest corporate collapses ever. Despite the astronomical costs, customers may recover 118% of their funds, though the case exposed unprecedented failures in corporate controls.
Bitcoin Plunges Below $90,000 as ETF Outflows and Trump Policies Rattle Markets
Bitcoin tumbled to a three-month low of $86,097 amid massive ETF outflows and concerns over Trump's new trade tariffs. The sell-off, compounded by a $1.5B hack at Bybit, has erased nearly half a trillion dollars from the crypto market cap.
SEC and Tron's Justin Sun Seek 60-Day Pause to Explore Settlement
Justin Sun and the SEC have jointly requested a temporary halt in their legal battle to pursue settlement talks over allegations of unregistered securities offerings and market manipulation. The pause would delay proceedings while both parties negotiate, with several celebrities already having settled related charges.
Galaxy Digital Taps Former BlockFi CEO for Managing Director Role Despite Troubled Past
Mike Novogratz's Galaxy Digital brings Zac Prince back to crypto as managing director following his brief real estate detour. The controversial appointment comes despite Prince's previous venture BlockFi ending in bankruptcy and $100M SEC settlement.
German Banking Giant DekaBank Embraces Crypto with New Institutional Services
DekaBank, managing $395 billion in assets, launches comprehensive cryptocurrency trading and custody services for institutional clients after securing key regulatory approvals. The move signals growing mainstream acceptance of digital assets in Germany's traditional banking sector.