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Also Read: FUD Alert: Reports Of US DOJ Fraud Charges On Binance Resurface advertisement Meanwhile, Southern District of New York Judge Jed Rakoff contested Judge Torres’ verdict by allowing the SEC to proceed with its lawsuit against Terraform Labs and founder Do Kwon. This essentially meant that Judge Rakoff rejected the ruling that retail token sales are not securities. In a latest, attorney Bill Morgan raised the question of the Ripple on-demand liquidity (ODL) linked sales, which was earlier flagged by the company’s chief technology officer David Schwartz. XRP ODL Sales: Securities Or Not? The attorney wondered if the ODL sales can be justified as securities, even if the institutional clients hold the XRP tokens for mere seconds. The Ripple ODL transactions involve customers holding XRP for a few seconds to facilitate quick cross-border payments. This means it is used just as a means for payments and does not necessarily involve ...

US Futures Rise On “McCarthy” Deal The House’s approval of the bill came as a relief to investors who had been growing increasingly concerned about the looming threat of a US debt default. Treasury Secretary Janet Yellen had warned that the default could occur as early as Monday, leading to growing apprehension in the markets. However, with a triumphant 314-117 vote in favor, the bill will now move to the Senate, followed by the President’s signature to finally make it a law. advertisement Read More: Multichain Suspends Cross-Chain Services, Fails To Contact CEO  While US markets found reasons for optimism, the technology-heavy Nasdaq Composite experienced a minor setback. The buzz generated by the artificial intelligence hype — which has been a key driver of the recent Nasdaq rally — encountered a snag after Nvidia’s blowout earnings report last week. This development prompted some caution among investors in the tec...

Also Read: Biden-McCarthy Debt Ceiling Deal To Finalize Today; PCE Inflation Rises To 4.7% advertisement This comes at a time when another top crypto exchange Coinbase is launching an advertisement campaign targeted at creating awareness on crypto, the technology. The US based exchange recently revealed plans to launch an ad campaign in Washington DC, in what could be a strategic plan to influence top government officials and lawmakers. Binance: Behind The Scenes With Cristiano Ronaldo The crypto exchange shared few pictures with the football star, saying that they are “working on something with Cristiano.” Sharing the pictures from the photo shoot, Binance said in a tweet, Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Also Read: MicroStrategy Replies To FASB Standards To Update Bitcoin Holdings advertisement Gemini Warned In Philippines According to the report, Gemini was issued the warning notice on May 18, 2023, over unauthorized operation of the derivatives exchange. The regulatory agency warned the country’s public against investing in new products and suggested they halt existing investments. This marks a stumbling block in Gemini’s way after launching the derivatives exchange just a month ago. The notice said, “The derivatives exchange does not have the necessary license and/or authority to solicit, accept or take investments/placements from the public nor to issue securities.” On the other side, Gemini said the Digital Currency Group (DCG) missed out on a recent $630 loan payment, which means it may need to consider providing DCG with exception on enforcing the debt as a means to avoid default. Recommended Articl...

Also Read: Balaji Predicts US Election 2024 To Be Fought Over Bitcoin advertisement Earlier, CoinGape reported that popular investor Michael Burry bought shares of distressed banks like First Republic Bank, PacWest Bancorp, Western Alliance Bank and New York Community Bancorp. At that time, these stocks were trading at lowest levels, and any significant recovery would have meant healthy gains. The sentiment was also conducive for buying at the low prices as fears over further bank collapses rose. Michael Burry Portfolio Revealed According to an annual shareholder report of Burry shared by Compounding Quality, the big short invested in New York Community Bancorp, Capital One, Wells Fargo, Western Alliance Bancorp, Huntington Bancshares, PacWest and First Republic Bank. Among his other major stocks in his portfolio are JD.com and Alibaba Group which form the highest percentage shares in his portfolio, besides energy stocks Coterra Energy and Devon Ener...