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Jane Street asks court to dismiss Terraform Labs lawsuit, denying insider trading claims linked to TerraUSD and LUNA collapse events. A major legal dispute has emerged in the crypto market after Jane Street challenged serious allegations. Jane Street has moved to dismiss Terraform Labs’ lawsuit. But the lawsuit is about the collapse of TerraUSD and LUNA, resulting in substantial losses. Jane Street Rejects Claims and Blames Terraform Leadership Jane Street claimed that the case is baseless and seeks to blame others. Further, it claimed that Terraform was responsible for the crash. Therefore, it requested that the court not proceed with…
Investment banking giant Morgan Stanley has made a quiet by significant move into stablecoins, expanding its footprint in the digital assets industry.The firm’s investment management arm, MSIM, has announced the launch of the Stablecoin Reserves Portfolio – a government money market fund designed for issuers of stablecoins who need a regulated, safe place to store the reserves backing their tokenized versions of fiat currencies.Here is the simple version of what the fund is designed to do.When a company issues a stablecoin – a digital token pegged to the U.S. dollar or other fiat currencies – it must hold real dollars…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Over 300,000 Bitcoin have quietly moved into long-term holder wallets in the past 30 days — a shift that analysts say reflects growing conviction among serious investors even as broader market mood remains fragile. Sentiment Index Climbs To Highest Point Since January That accumulation is happening against a backdrop of improving, if still cautious, market sentiment. The Alternative.me Crypto Fear & Greed Index surged 14 points in a single day to reach a score of 46 out of 100 — the highest reading since January 18 and…
ICP traded near $2.456 as traders watched $3.10 and $4.50 levels while RSI stayed near 50 and MACD remained flat. Internet Computer (ICP) traded near a key weekly support zone as traders tracked the next move. The token gained 3.36% over the past day, and trading volume also increased. That price action came as ICP tested the lower edge of a multi-year descending channel. The current setup kept attention on a possible move toward $4.50 if support continues to hold. ICP holds a key support zone on the weekly chart ICP is now sitting at the lower boundary of a…
Prediction markets have a consistent line: their products are financial instruments, not bets. Wisconsin isn’t buying it, and in a new complaint targeting Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com, the state is citing the companies’ own marketing to call them unlicensed gambling venues.”Thinly disguising unlawful conduct doesn’t make it lawful,” Attorney General Josh Kaul said in a press release announcing the complaints on Thursday.The question underneath the lawsuits is straightforward: are these contracts financial instruments under the Commodity Futures Trading Commission (CFTC), or bets under state gambling law? The answer determines whether a fast-growing market operates under a single federal…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto giant Tether disclosed that it has supported the US government in freezing $344 million in USDT held in two Tron wallets, following a request from the Office of Foreign Assets Control (OFAC) and US law enforcement. Tether’s Latest Crackdown According to Tether’s Thursday disclosure, the freeze came after authorities allegedly identified the wallets as linked to sanctions evasion, criminal networks, or other illicit activity. The company framed this as part of its routine response to lawful requests from governments in the US and abroad, noting that…
Crypto ETFs surge as Bitcoin added $338.83M, Ethereum ETFs gained $83.26M, and Solana ETFs saw $113K in net inflows on April 23. Crypto ETF inflows rose on April 23, with Bitcoin, Ethereum, and Solana all posting positive daily results. The latest data showed a broad pickup in fund demand after mixed readings on April 22. Bitcoin led in dollar terms, while Ethereum and Solana also stayed in positive territory. The combined figures pointed to renewed buying across major crypto ETF products. Related reading: Bitcoin Spot ETFs Record $782M Weekly Outflow While Ethereum ETFs Lose $102M Bitcoin ETFs post a sharp…
Cryptocurrency markets remained on the back foot Friday as macroeconomic signals from Japan, one of the world’s largest economies, compounded uncertainty driven by the Iran war.Bitcoin BTC$77,708.48 hovered near $77,800, having struggled to break above the Thursday high of $78,700 during the early Asian trading hours, according to CoinDesk data. The broader uptrend, which began in late March near the $65,000 mark, appears to have stalled since Wednesday.Ether (ETH), the second-largest cryptocurrency by market capitalization, traded around $2,300, slipping 0.8% since midnight UTC and underperforming bitcoin’s relatively modest 0.6% decline. The cautious tone in crypto markets coincided with fresh inflation…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Sam Bankman-Fried has told a federal court he does not expect a fair hearing from the judge overseeing his criminal case — and because of that, he is pulling his request for a new trial. A Calculated Move In Federal Court The former FTX chief executive filed a letter Wednesday in the US District Court for the Southern District of New York, withdrawing a Rule 33 motion he had been pursuing to overturn his conviction. The withdrawal, he made clear, is not final. He dropped the motion…
Treasury sanctions Cambodian senator Kok An and 28 others tied to crypto investment scams. Here’s what happened. The U.S. Treasury Department has taken decisive action against a major crypto fraud network. On April 23, 2026, the Office of Foreign Assets Control (OFAC) sanctioned Cambodian senator Kok An. The designation also covered 28 affiliated individuals and entities. These operators allegedly ran scam compounds targeting Americans with digital asset fraud. Treasury Secretary Scott Bessent confirmed the action was a top administration priority. Related reading: Crypto Sanctions Push Illicit Blockchain Activity to $154B How the Cambodian Crypto Scam Network Targeted Americans Kok An…