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LayerZero Reaches Settlement with FTX Estate Over $21M Legal Dispute
LayerZero Labs has settled its legal battle with FTX's bankruptcy estate regarding a $21 million claim tied to pre-collapse Alameda Ventures transactions. CEO Bryan Pellegrino announced the agreement, which includes returning the original repurchase amount to creditors.
Nebraska Takes Aim at Crypto ATM Fraud with Landmark Regulation Bill
Nebraska lawmakers prepare to review groundbreaking legislation aimed at regulating cryptocurrency ATMs amid rising consumer fraud concerns. The proposed bill LB609 introduces mandatory licensing, transaction limits, and warning notices, responding to $14.6 million in reported crypto scam losses across the state.
Crypto Trader's $1 Million Meme Coin Windfall Raises Market Manipulation Concerns
A trader turned $1,500 into $1 million in just three hours trading JellyJelly meme coin, sparking intense debate about market manipulation and insider trading. The sophisticated trading pattern and precision timing have experts worried about cryptocurrency market stability and potential regulatory scrutiny.
Bitcoin Eyes $117K as Record Stablecoin Liquidity Fuels Market Rally
Bitcoin's trajectory toward $117,000 gains momentum as stablecoin market cap hits an unprecedented $204 billion, signaling robust market demand. Record institutional interest, favorable Fed policies, and growing ETF adoption further strengthen Bitcoin's upward momentum in 2025.
Bankman-Fried's Parents Seek Trump Pardon Following 25-Year Sentence
Stanford professors Joseph Bankman and Barbara Fried are pursuing a presidential pardon from Donald Trump for their son Sam Bankman-Fried, who was recently sentenced to 25 years for FTX fraud. The effort follows Trump's pardon of Silk Road founder Ross Ulbricht and comes amid successful FTX bankruptcy proceedings.
Tesla's Bitcoin Holdings Surge $600M Under New Accounting Rules
Tesla reported a $600 million increase in Bitcoin value during Q4 2024 due to new FASB accounting standards allowing fair market value reporting. The EV maker's crypto holdings jumped to $1.08 billion, though the company still faced challenges meeting earnings expectations.
SEC Acknowledges First Post-Ethereum Altcoin ETF: Canary Capital's Litecoin Filing
The SEC's formal acknowledgment of Canary Capital's Litecoin ETF application sets a 240-day review timeline, marking a significant milestone for altcoin ETFs. The development, which triggered a 12% LTC price surge, could serve as a benchmark for future altcoin ETF approvals.
Bitcoin Rallies to $105,000 as Fed Chair Powell Signals Support for Crypto Banking
Bitcoin surged 4.5% following the Federal Reserve's decision to maintain interest rates, reaching $105,000. The rally was amplified by Fed Chair Powell's unexpected pro-crypto comments supporting banks serving cryptocurrency customers, marking a significant shift in regulatory stance.
Ethereum Network Activity Soars with 37% Surge in Active Addresses
Ethereum's network sees dramatic growth with active addresses jumping 37% to 575,000 amid rising DeFi activity and institutional interest. World Liberty Financial's $47M ETH purchase and Paradigm's advocacy highlight growing institutional confidence in the platform.