FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ
The estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s insolvency.
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Fed Chair Jerome Powell said the bank has flooded the economy with money and would continue lending programs for as long as they’re needed. 556 Total views 6 Total shares Chair of the United States Federal Reserve Jerome Powell recently spoke about measures taken during the financial crisis, with many on Twitter viewing his remarks…

Bitcoin price weakens, but BTC derivatives remain healthy
Bitcoin derivatives reflect traders' confidence in the market and suggest the current price action is just a consolidation phase.

R3 to Support a Startup-Focused Stock Exchange in Brazil
Blockchain consortium R3 has partnered with Brazilian fintech company Banco Maré to launch a stock exchange for investing in technology firms.Banco Maré, a blockchain-powered digital bank focused on financial inclusion, intends to build a tokenized stock exchange offering investments in technology companies with “social impact,” Cointelegraph Brazil reports July 16.The new R3 technology-backed platform, provisionally…

Mirror Protocol silently rallies 30% overnight despite crypto market slump
Mirror Protocol (MIR) emerged as one of the best performing tokens in the cryptocurrency market on May 17, even as its top trading rivals Bitcoin (BTC) and Ether (ETH) struggled to find direction after a depressive previous daily session.The MIR/USD exchange rate surged by up to 26.71% to reclaim its two-week high of $4.974. The…

Only 12.7% of crypto wallets report profits on Polymarket
Only 12.7% of Polymarket users have made a profit in prediction markets, with the majority earning less than $100, according to onchain data.

Coinbase will custody digital assets for US Marshals Service
The crypto exchange said the federal agency had selected its institutional investing arm “to provide custody and advanced trading services” for large-cap digital assets.

J1mmy.eth once minted 420 Bored Apes… and had NFTs worth $150M: NFT Creator
When the history books are written, and the documentaries are made on the formative days of NFTs, Jimmy McNelis, aka j1mmy.eth, will hold a special place in history as a creator, as a passionate advocate, and for having one of the greatest NFT collections of all time. An NFT OG who started his journey on

US govt delays enforcement of crypto broker reporting requirements: Report
The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024. 200 Total views 17 Total shares The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and…