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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.
- 06:06Economist: The Politicization of the Federal Reserve Is IntensifyingAccording to a report by Jinse Finance, Su-Lin Wong, Chief Economist for Australia and New Zealand at RBC Capital Markets, stated that the politicization of the Federal Reserve has intensified in recent months, exacerbating the higher risk premium in the United States. Rising budget deficits and debt, unpredictable government actions, and investors reassessing their US dollar exposure have all contributed to this premium. Although the reflexive response to recent developments involving Cook has had a slightly positive impact on the front-end yields of US Treasuries, this effect is unlikely to persist if, under pressure from a Trump administration, the Federal Reserve ultimately compromises and cuts rates while inflation remains elevated.
- 05:57Morgan Stanley Predicts Two Fed Rate Cuts This YearAccording to a report by Jinse Finance, Morgan Stanley now expects the Federal Reserve to cut interest rates by 25 basis points each in September and December this year, revising its previous forecast that there would be no rate cuts in 2025.
- 05:17A Whale Deposits $7.49 Million into HyperLiquid, Shorts ETH and HYPE While Simultaneously Buying ETH and HYPE SpotAccording to a report by Jinse Finance, Onchain Lens monitoring shows that in the past 40 minutes, a certain whale deposited 7.49 million USDC into HyperLiquid, opened short positions on ETH (20x leverage) and HYPE (10x leverage), and also bought ETH and HYPE on the spot market.