Global

The ongoing legal dispute between Ripple Labs and the US Securities and Exchange Commission (SEC) has escalated with the SEC's most recent court filing. This filing represents the last submission before Judge Analisa Torres of the Southern District of New York begins deliberating on the remedies phase of this significant case.

In October 2023, the New York Attorney General (NYAG) filed a lawsuit against Genesis, Gemini, and Digital Currency Group (DCG), alleging they fraudulently took more than $1 billion from over 230,000 investors, including 29,000 New Yorkers.

The CEO of Gala Games attributed a recent smart contract "security incident," resulting in the theft and sale of $23 million worth of GALA tokens, to internal control failures within the company.

Institutional investors have made a significant entrance into the cryptocurrency market, particularly following the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States.

According to a report from BitRiver, Russia's largest crypto mining entity, the Russian crypto mining sector is anticipated to see growth ranging between 20% and 40% in 2024. This information was shared by industry insiders and reported by Overclockers.

Bitcoin (BTC) has surpassed the $71,000 threshold, marking its first time crossing this milestone since April 12. Presently, it's trading at $71,200.

Bitcoin, also known as BTC, experienced a significant rise in value, reaching new record highs in various countries across Asia and South America. Following a 7% surge in a single day.

Shiba Inu and Dogecoin remain popular options for investors as the bull market progresses. However, recent crashes have not only affected their prices but also dampened market sentiment surrounding these meme coins.

Recent on-chain data indicates that Litecoin whales have collectively engaged in a buying spree, amounting to approximately $230 million. This significant investment surge suggests a potentially bullish outlook for the coin.

The price of Ethereum surged by more than 20%, driven by growing optimism surrounding the possibility of an Ethereum Exchange-Traded Fund (ETF). ETH managed to overcome several obstacles and even surpassed the $3,500 resistance level.

Last week, developers working on Cardano (ADA) made significant strides, evidenced by increased development activity on the blockchain. The latest weekly report from the project highlighted the collaborative efforts of various teams.

Martin Gruenberg, the chairman of the FDIC, announced his intention to step down following a damning investigation exposing a toxic workplace culture within the bank regulator.