GameStop Signals Potential Bitcoin Investments After Board Approval
GameStop has indicated potential plans to invest in Bitcoin following approval from its board of directors. This move aligns with a broader trend of mainstream companies exploring cryptocurrency investments.
Ripple and SEC Reach Final Agreement, Ending Four-Year Legal Battle
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have reached a final agreement, concluding their lengthy legal dispute. Ripple will drop its cross-appeal, allowing a previous $125 million judgment to stand. However, the SEC will retain only $50 million, returning the remaining funds to Ripple. Additionally, the SEC will request the court to lift a previously imposed injunction.
- Ripple drops cross-appeal against SEC.
- SEC retains $50 million; Ripple recovers remaining funds.
- Both parties agree to end litigation, pending court approval.
Movement Network to Buy Back Tokens After Binance Recovers $38 Million
The Movement Network Foundation announced plans to repurchase MOVE tokens using $38 million recovered from a rogue market maker. Binance froze the market maker’s proceeds after detecting irregular trading activities involving the sale of 66 million MOVE tokens without corresponding buy orders.
- Binance froze $38 million in USDT from market maker.
- Movement Network Foundation to use recovered funds for token buyback.
- Buyback scheduled over the next three months.
Trump Media Partners with Crypto.com to Launch ETFs
Trump Media has entered a non-binding agreement with Crypto.com to launch a series of exchange-traded funds (ETFs) in the United States. The ETFs will focus on digital assets and securities with a “Made in America” theme and will be available internationally through Crypto.com’s brokerage platform.
- Partnership between Trump Media and Crypto.com.
- ETFs to feature digital assets and American securities.
- Launch expected later this year, pending regulatory approval.
These developments highlight significant moves in the cryptocurrency and blockchain sectors, reflecting growing mainstream adoption and regulatory clarity.
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