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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.
Share link:In this post: The S&P 500 and Nasdaq both fell Friday, while the Dow rose slightly, boosted by a 12% surge in UnitedHealth. Applied Materials dropped 14%, dragging chip stocks lower, and consumer sentiment slipped due to inflation fears. Buffett, Burry, and Tepper revealed large stakes in UnitedHealth, sending the stock to its best day since March 2020.
Share link:In this post: Trump and Putin held a three-hour meeting in Alaska but reached no agreement on ending the war in Ukraine. Zelenskiy was not invited, and no ceasefire or follow-up summit was confirmed. Trump claimed progress but admitted major issues remain unresolved.
- 00:46Consensys CEO: MetaMask token is coming soon, and possibly sooner than expectedChainCatcher news, according to market sources, Consensys CEO Joe Lubin stated in an interview that the MetaMask token is coming soon, and possibly sooner than you expect. Previously, it was reported that MetaMask co-founder said their team is still considering launching a native token.
- 00:46Data: Yesterday, FBTC had a net inflow of $97.4 million, and ARKB had a net inflow of $25 million.According to ChainCatcher, monitored by farside, FBTC saw a net inflow of 97.4 million USD, ARKB had a net inflow of 25 million USD, Grayscale BTC had a net inflow of 10.9 million USD, and HODL had a net inflow of 6.6 million USD.
- 00:44US lawmakers question the SEC about TRON's listing on NasdaqOn September 19, it was reported that two U.S. lawmakers sent a letter to the U.S. Securities and Exchange Commission (SEC), requesting a response regarding issues affecting how crypto companies are listed on U.S. exchanges. Senator Jeff Merkley and Representative Sean Casten questioned the SEC's timing in dropping the enforcement case against Tron founder Justin Sun. Sun was sued in 2023 for allegedly issuing unregistered securities, but the SEC applied to suspend the case the month after former Chairman Gary Gensler stepped down. The lawmakers believe that Sun's "large investments" in crypto projects controlled by the Trump family (such as World Liberty Financial and the meme coin TRUMP) may have influenced the direction of the case. In addition, they questioned Tron's listing on Nasdaq in July through a reverse merger, stating that it poses financial and national security risks, and demanded that the SEC ensure Tron meets the strict standards for listing on U.S. exchanges. They also questioned whether the SEC could "protect the American public" through a settlement agreement. This letter may trigger broader scrutiny of similar listing practices by other foreign crypto companies.