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Jane Street asked a U.S. court to dismiss a lawsuit brought by the bankruptcy estate of Terraform Labs, rejecting claims that the trading firm helped trigger the 2022 collapse of the TerraUSD (UST) stablecoin and its sister token Luna.In two filings submitted Thursday to the Southern District of New York, Jane Street and several employees said the case is an attempt to shift blame for the failure of the Terra ecosystem, which erased roughly $40 billion in value within days. The firm urged the court to dismiss the complaint with prejudice, which would prevent Terraform from pursuing the same claims…
A Michigan man has lost $37,000 after being manipulated by scammers posing as tech support and a bank representative. Steven Cooke of Plymouth says the scam began on March 20th, when a pop-up warning appeared on his laptop claiming his system had been compromised, reports the NBC-Affiliated WDIV Local 4. A caller identifying herself as Veronica J. Wilson alleged his identity was tied to criminal activity and pressured him to act quickly. At that point a second person joined the call, claiming to be a JPMorgan Chase named Richard Lee. The impersonator told Cooke that funds had been withdrawn from…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure European crypto exchange WhiteBIT has unveiled a five-year agreement with FC Barcelona to extend its strategic alliance, aiming to take digital assets beyond the industry and support global innovation in sports. WhiteBIT Until 2030, Here We Go! On Friday, Spanish football giant FC Barcelona and crypto exchange WhiteBIT announced the renewal of their partnership. The club, also known as Barça, has signed a partnership agreement with Europe’s largest crypto exchange by traffic volume for an additional 5 years. WhiteBIT has collaborated with Barça since 2022 and will…
XRP price is tracing a third multi-year accumulation base, per ChartNerdTA on X. The last two bases launched the token’s most violent bull rallies on record. XRP price is drawing renewed attention from chart watchers, and not for any short-term reason. The token is building what technical analyst ChartNerdTA is calling Base 3 — a multi-year accumulation zone sitting directly below a long-standing resistance ceiling that has defined the asset’s macro structure for over a decade. ChartNerdTA posted the analysis on X alongside a chart stretching back to 2014. In the post, the analyst wrote that Base 1 and Base…
Somebody is buying $2.1 billion of bitcoin through ETFs. Somebody else is using that bid to get out.U.S. spot bitcoin ETFs have now logged eight straight days of inflows totaling $2.10 billion through April 23, per SoSoValue. That is the longest streak since the nine-day October 2025 run that took bitcoin to its $126,000 all-time high. April 23 alone brought $223.21 million, with BlackRock’s IBIT doing roughly 75% of the lifting at $167.49 million and Fidelity’s FBTC the one meaningful outflow at $16.93 million.Bitcoin has climbed from $68,000 to $77,000 during this time period, a 12% move that has coincided…
A Minnesota-based financial services firm with $1.7 trillion in assets under management has suffered a second security incident in a span of less than six months. According to a report submitted by Ameriprise Financial (NYSE: AMP) to the office of the Maine Attorney General, the latest breach happened on March 2nd and was discovered on March 18th. The incident affected 47,876 people. In a notice of data breach sent on April 17th, Robert Severson of Ameriprise’s Global Privacy Office tells affected individuals that the incident may have exposed their name, address, date of birth, account numbers and social security number. Severson…
Japan’s top brokers completed the first real-time DVP settlement of security tokens using DCJPY tokenized deposits on the ibet for Fin blockchain. Here’s what changed. Six major Japanese financial institutions just did something the country’s securities industry has been circling for years. Real-time, blockchain-based settlement of security tokens using tokenized deposits. No bank transfers. No lag. SBI Securities, Daiwa Securities, SBI Shinsei Bank, BOOSTRY, Osaka Digital Exchange, and DeCurret DCP completed proof-of-concept DVP settlement for security tokens using DCJPY on the ibet for Fin blockchain. The announcement came through official releases from SBI Shinsei Bank and DeCurret DCP. Japan’s security…
India is turning to welfare payments to drive adoption of its central bank digital currency as it prepares to put the CBDC in the spotlight at a summit of BRICS nations later this year.The Reserve Bank of India is running about 10 pilot programs routing portions of the country’s roughly $80 billion welfare system through the e-rupee, Reuters reported Thursday. The effort aims to reduce leakage and corruption in subsidy programs while giving the CBDC a clearer use case after a slow rollout.In Maharashtra’s Phulenagar village, farmers are receiving programmable subsidies covering up to 80% of drip-irrigation costs, spendable only…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Qubic says it has fully transitioned into its Dogecoin-focused mining architecture, marking the start of “Phase 3” and removing Monero (XMR) from its operational stack. The shift consolidates resources into a dual-track system that simultaneously mines Dogecoin (DOGE) and trains its internal AI framework, Aigarth. Qubic Fully Shifts From Monero To Dogecoin The change, announced via X, represents a structural pivot rather than an incremental upgrade. “Phase 3 is live. Qubic has completed the Dogecoin mining migration. XMR is out. The new architecture is in full effect,”…
Morgan Stanley launches a Stablecoin Reserves Portfolio, a government money market fund for stablecoin issuers. The fund maintains a $1 NAV with daily liquidity, investing in U.S. Treasury bills and government-backed repo agreements. The move aims to capture stablecoin reserve demand ahead of potential U.S. rules on regulated, high-quality asset backing. Morgan Stanley Investment Management has now officially stepped into the big digital asset infrastructure game. The banking giant introduced the Stablecoin Reserves Portfolio as a service to global token issuers. This is a strategic move that will make the bank one of the principal custodians of the crypto industry.…