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SEC charges Georgia’s First Liberty Building & Loan and owner in 0M Ponzi scheme

SEC charges Georgia’s First Liberty Building & Loan and owner in $140M Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) has filed civil charges and sought an emergency asset freeze against First Liberty Building & Loan, LLC, a lending institution based in Newnan, Georgia, and its founder and owner, Edwin Brant Frost IV. The SEC alleges that the firm and its owner orchestrated a Ponzi scheme that defrauded […]

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Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand

Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand

Tether announced it will discontinue support for its USDT stablecoin on five “legacy” blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. According to the July 11 announcement, the move will become effective Sept. 1, ending redemptions and freezing remaining tokens on those networks. The decision comes as part of what the company

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NFT-related tokens soar in Q2, with PENGU leading despite decline in trading volumes

NFT-related tokens soar in Q2, with PENGU leading despite decline in trading volumes

NFT-related tokens delivered the strongest sector performance in the second quarter, gaining an average of 55.4% even as dollar-denominated NFT trading volume fell to multi-year lows. Artemis data shows that the average gains from NFT-related tokens surpassed the second-best performance, which was Ethereum’s (ETH) 37.2%, by nearly 50%. Pudgy Penguins’ PENGU token accounted for much

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BlackRock’s IBIT vaults over B in assets, breaks ETF speed record

BlackRock’s IBIT vaults over $80B in assets, breaks ETF speed record

BlackRock’s iShares Bitcoin Trust (IBIT) crossed $80 billion in assets under management on July 10, becoming the fastest exchange-traded fund (ETF) to reach the threshold in 374 trading days. Bloomberg senior ETF analyst Eric Balchunas noted on X that IBIT outperformed the Vanguard S&P 500 ETF (VOO), which took 1,814 days to accumulate the same

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Altcoins roar as Bitcoin hits new all-time highs, Cardano and XRP surge over 10%

Altcoins roar as Bitcoin hits new all-time highs, Cardano and XRP surge over 10%

Bitcoin (BTC) registered a new all-time high of $118,287.46 on July 11 and is up 3.3% in the past 24 hours, but major altcoins are leading the gains during the same period. Ethereum (ETH) breached the $3,000 threshold for the first time since Feb. 2, and is currently trading at $2,987.55 as of press time,

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Grayscale’s legal team challenges SEC over missed ETF deadline

Grayscale’s legal team challenges SEC over missed ETF deadline

Grayscale Asset Management has questioned the US Securities and Exchange Commission (SEC) decision to issue a stay on the application to convert the Digital Large Cap Fund (DLCF) into an exchange-traded fund (ETF). In a July 8 letter, Grayscale’s legal team argued that the SEC exceeded its authority, as the application had already been approved

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Bitcoin has NOT reached a new all-time high in euros and pounds amid 8k breakout

Bitcoin has NOT reached a new all-time high in euros and pounds amid $118k breakout

Bitcoin surged to a new all-time high against the US dollar on July 10, hitting $111,683 on Binance before closing the day even higher at $115,244. The breakout marked another milestone for dollar-based investors in Bitcoin’s 2025 bull cycle. But while the headlines celebrated a fresh record, BTC told a different story when priced in

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Ripple’s RLUSD Boosts Transparency and Compliance, Signals Finance Shift

Ripple’s RLUSD Boosts Transparency and Compliance, Signals Finance Shift

Ripple USD just took a giant leap toward mainstream financial dominance, with institutional backing and regulatory clarity setting the stage for explosive global adoption. RLUSD Highlights Regulatory Trust in Global Finance Evolution Stablecoins are gaining ground as trusted financial instruments, with major custodial partnerships pointing to a broader institutional shift in how digital assets are

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Ethena rockets to 0 million in revenue, seeks SEC clarity on USDe

Ethena rockets to $290 million in revenue, seeks SEC clarity on USDe

Ethena Labs reached $290.2 million in total protocol revenue on July 9, trailing only Tether, Circle, and Sky among stablecoin issuers.  Token Terminal data show that the stablecoin issuer reached $100 million in cumulative revenue 251 days after its launch, making it the second-fastest protocol to cross this threshold. Daily fees averaged $3.1 million during

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Shareholders push back against high pay for public Bitcoin miner execs after record equity grants

Shareholders push back against high pay for public Bitcoin miner execs after record equity grants

Shareholders trimmed support for executive pay packages at leading US Bitcoin (BTC) miners to an average of 64% in this year’s proxy season, far below the over 90% approval norm across the S&P 500, according to a July 10 VanEck research note.  VanEck reviewed filings from eight listed miners and found average named-executive-officer (NEO) compensation

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