Celsius founder Alexander Mashinsky agreed to a US Federal Trade Commission (FTC) settlement that permanently bars him from promoting asset-related products and requires a $10 million payment tied to a broader, mostly suspended $4.72 billion judgment. The stipulated order, entered by Judge Denise Cote in the Southern District of New York on Tuesday, said Mashinsky…
In brief U.S. District Judge Lewis Kaplan denied Sam Bankman-Fried’s motion for a new trial on Tuesday, rejecting claims that witnesses had faced “threats from the government.” The judge called Bankman-Fried’s allegations “wildly conspiratorial and entirely contradicted by the record.” Bankman-Fried is serving a 25-year prison sentence after being convicted on multiple charges of fraud…
Bitcoin (BTC) may face “a few months” of downside as the new US Federal Reserve chair takes over next month. Key points: Bitcoin may follow risk assets downhill after Kevin Warsh takes over as chair of the US Federal Reserve. President Donald Trump has said that he “would” be disappointed if an interest-rate cut did…
Aptos Labs founding engineer Sherry Xiao said Aptos’ newly introduced privacy coin could fix a long-standing trade-off between protecting user privacy and preserving transparency for compliance. “Confidential APT” launched on the Aptos mainnet on Friday after a governance proposal to integrate the privacy feature passed in a near-unanimous vote. It uses zero-knowledge proofs to conceal…
Prediction markets platform Polymarket has denied recent reports that its customer data was breached after a hacker on the dark web posted what the person claimed was a trove of private user details. Cybersecurity company Vecert Analyzer and several other X accounts that track dark web activity shared screenshots from DarkForums on Tuesday showing a…
The US Commodity Futures Trading Commission on Tuesday sued the state of Wisconsin in the agency’s latest effort to assert jurisdiction over prediction markets after the state sued multiple platforms. The CFTC said in a statement that it filed the lawsuit against Wisconsin “in response to the state’s lawsuits against Kalshi, Polymarket, Crypto.com, Robinhood, and…
Bitcoin treasury firm Strategy and its perpetual preferred stock, STRC, have been the “single biggest factor” in Bitcoin’s recent rally, which has jumped 20% from its February low, according to Bitwise chief investment officer Matt Hougan. Over the past eight weeks, Strategy has added $7.2 billion in Bitcoin, Hougan said in a report published Tuesday. …
Online trading platform Robinhood fell 9.4% in after-hours trading after its Q1 revenue missed analyst estimates, while crypto revenue and trading volume fell nearly 50% from a year ago. Robinhood’s crypto transaction revenue fell 47% year-on-year from $252 million to $134 million, while crypto trading volume fell 48% to $24 billion over the same period,…
A Manhattan federal judge has denied FTX CEO and co-founder Sam Bankman-Fried’s motion for a new trial, rejecting his claim that there is new evidence. Judge Lewis Kaplan, who oversaw Bankman-Fried’s trial in 2023 and sentenced him to 25 years in prison in early 2024, wrote in an order on Tuesday that Bankman-Fried’s claim of…
Liquid has raised $18 million in a seed funding round to expand a platform that lets users trade crypto and traditional assets around the clock from a single interface. The platform offers access to more than 500 markets across crypto, equities, commodities and foreign exchange, with leverage of up to 200x and tools that allow…