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The Ripple-SEC settlement cannot take effect until the Court of Appeals formally signs off on the stipulation.
Share link:In this post: Digital Currency Group (DCG) has filed a lawsuit against its subsidiary, Genesis Global Capital LLC, concerning a $1.1 billion promissory note. The $1.1 billion promissory note is a safeguard that Genesis had in place. Genesis also sued DCG for $2.1 billion to get more funds to pay back additional customers, accusing it of fraud and mismanagement amounting to $3.1 billion.
Share link:In this post: Trump’s administration is negotiating a government equity stake in Intel using Chips Act funds. The move aims to rescue Intel’s delayed Ohio factory and boost U.S. chip production. Lip Bu Tan, Intel’s CEO, gained $29M as Intel stock surged 15% since his March appointment.
Share link:In this post: Hedge fund Brevan Howard is now the biggest shareholder of IBIT with 37.5 million shares. More entities are gaining or increasing their exposure to IBIT with Havard disclosure being most significant. IBIT has now crossed $90 billion in assets under management.
- 15:56Zhonglian Development Holdings plans to acquire a 20% stake in NVTH Limited, a company engaged in RWA tokenization, for HK$100 millionAccording to ChainCatcher, as reported by Zhitong Finance, China United Development Holdings (00264.HK) has announced that it plans to acquire 20% of the entire issued share capital of NVTH Limited, a company engaged in RWA tokenization-related business under NVTSH Limited, for a consideration of HKD 100 million (subject to adjustment). Of this amount, HKD 40 million will be paid in cash, and HKD 60 million will be settled by issuing and allotting 42.253 million consideration shares at an issue price of HKD 1.42 per share.
- 15:56Data: Bitcoin whales accumulated over 16,000 BTC during the past 7 days of BTC pullbackAccording to ChainCatcher, CryptoQuant analyst Cauê Oliveira stated: "In the past seven days, Bitcoin whale wallets have accumulated more than 16,000 BTC, indicating that whales are buying the dip as Bitcoin prices fall."
- 15:41Trading volume for bets on James winning the 2028 US presidential election on Polymarket has surpassed the combined total for Vance and othersAccording to ChainCatcher, market sources report that the trading volume for bets on NBA star LeBron James being elected U.S. President in 2028 on Polymarket has reached $1.9 million, surpassing the combined total for U.S. Vice President Vance, California Governor Gavin Newsom, and Congresswoman Alexandria Ocasio-Cortez.