News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Share link:In this post: Do Kwon pleaded guilty in Manhattan to two counts of fraud over the $40 billion TerraUSD and Luna collapse. He agreed to forfeit over $19 million and faces up to 25 years in prison, with prosecutors seeking no more than 12 years. Prosecutors said Terraform products failed as promised, and the crash fueled the 2022 crypto winter.
Share link:In this post: Steven Miran and James Bullard both said Trump’s tariffs are not causing inflation. Miran has been nominated to fill a vacant Fed board seat after Adriana Kugler’s resignation. Bullard is a contender to replace Jerome Powell as Fed chair next year and expects rate cuts starting in September.
Share link:In this post: Genius Group plans a secondary stock listing in Asia, with South Korea as the top choice. The move aims to boost liquidity, enable fairer pricing, and allow near 24-hour trading. Other possible listing locations include Australia, Malaysia, Thailand, Hong Kong, and Japan.
Share link:In this post: Fenwick & West, a prominent Silicon Valley law firm, is being sued for allegedly aiding in FTX’s fraud. The case is part of a broader investigation into the practices of FTX and its affiliates, with multiple parties seeking accountability. Another lawsuit targeted Sullivan & Cromwell last year, which billed $8.5 million in fees while serving as primary counsel during the 16 months preceding FTX’s collapse.
Share link:In this post: Belarusian central bank drafts rules permitting crypto payments. Governor Golovchenko makes an announcement after meeting with Lukashenko. Minsk faces sanctions of the kind that convinced Moscow to start using cryptocurrencies.
Share link:In this post: The S&P 500 closed at a record 6,445.76, and the Nasdaq hit 21,681.90 after July inflation came in softer than expected. July CPI rose 2.7% annually, below the 2.8% forecast, while core CPI increased 3.1%. Traders now see a 94% chance of a September Fed rate cut, with more cuts likely in October and December.
$BIO is skyrocketing, what should we be watching for?
Bitcoin Cash holds firm amid market sell-off, with a key liquidity zone at $603 potentially triggering more upside.
- 21:39ETH falls below $3,900Jinse Finance reported that according to market data, ETH has fallen below $3,900 and is now quoted at $3,898.35, with a 24-hour decline of 2.25%. The market is experiencing significant volatility, please ensure proper risk control.
- 21:39Offshore RMB against the US dollar falls 27 points compared to Monday's New York closeAccording to Jinse Finance, on Tuesday (October 21) at the close of trading in New York (Wednesday 04:59 Beijing time), the offshore RMB (CNH) was quoted at 7.1268 yuan against the US dollar, down 27 points from Monday's New York close, with intraday trading ranging between 7.1162 and 7.1271 yuan.
- 21:06US Senator Lummis Supports Open Banking Rules, Emphasizes Importance of Digital AssetsJinse Finance reported that U.S. Senator Cynthia Lummis supports open banking rules and emphasizes the importance of digital assets. She sent a letter to the CFPB, urging that the rules remain unchanged. The rules allow consumers to own their financial data and securely share it with fintech companies, digital asset exchanges, and third-party services. Lummis warned that without clear rules, large banks might restrict access to digital asset platforms and other innovative financial services; therefore, the rules help safeguard space for innovation. Lummis also pointed out that hindering innovation would weaken the U.S.'s leadership in fintech.