Galaxy Fight Club News
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2024
May / 12- SEC Files Final Response in Ripple XRP Case, Disputes Ripple's Penalty Arguments
- May 12, 2024 at 04:25 am
- This week, the SEC filed a response challenging Ripple's position on penalties in their ongoing XRP case. Grayscale withdrew its application for an Ether ETF, while a dormant Bitcoin address containing $43.9 million worth of BTC from the Satoshi Nakamoto era reactivated after 10 years. FTX proposed compensation for creditors, but some expressed dissatisfaction. Nigerian officials allegedly demanded a $3 million settlement from Binance.
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2024
May / 05- Crypto Exchange Binance Former CEO Jailed for Money Laundering
- May 05, 2024 at 08:38 am
- This week's top crypto news includes former Binance CEO Changpeng Zhao sentenced to four months in prison for failing to maintain anti-money laundering protocols; the SEC and Gensler deeming Ether a security for over a year; an FBI warning targeting privacy-focused crypto tools; Bitcoin potentially entering a two-month price consolidation period; the debut of Hong Kong's Bitcoin and Ether ETFs with over $200 million in assets.
- Binance Ex-CEO Gets 4-Month Jail Term for AML Violations
- May 05, 2024 at 08:27 am
- In the week's top cryptocurrency stories, Binance's former CEO Changpeng Zhao was sentenced to four months in prison for AML compliance violations. Consensys' lawsuit against the SEC suggests Ether was considered a security, and the FBI's warning on unregistered crypto money transmitters may target privacy tools. Bitcoin is predicted to consolidate for one to two months post-halving, with a potential price fluctuation of up to $10,000. Hong Kong's Bitcoin and Ether ETFs attracted over $200 million on their debut. Among altcoins, Helium, Wormhole, and Optimism are notable gainers, while Stacks, Pendle, and Neo faced losses.
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2024
Apr / 23- Gaming Industry Embraces Tokenomics for User Acquisition, Prioritizing Gameplay
- Apr 23, 2024 at 11:21 am
- Despite some resistance, industry executives predict that gaming studios will continue to use airdrops and incentives to attract players. These incentives are an effective way to gain market share, but studios emphasize the importance of delivering a fun gameplay experience to ensure player retention. Games that fail to provide engaging gameplay, regardless of their tokenomics, are likely to fail.
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2024
Apr / 17- Andreessen Horowitz Raises $7.2B, Bets Big on Tech and National Interests
- Apr 17, 2024 at 08:03 am
- Venture capital firm Andreessen Horowitz (a16z) has recently announced the acquisition of $7.2 billion, with its various divisions receiving significant portions of the funds. The firm's Growth, Infrastructure, and Apps ventures will be allotted funds of $3.75 billion, $1.25 billion, and $1 billion, respectively. Notably, a16z's Games fund will receive a dedicated $600 million, earmarked for investment in gaming-focused startups and the integration of generative AI into the industry.
- VCs Adopt Refined Strategy for Blockchain Gaming Investments
- Apr 17, 2024 at 07:22 am
- Venture capital firms have adopted a more cautious and sustainable approach to investing in blockchain gaming projects compared to the previous bull run, demanding more evidence of development and viability from potential investments. This shift is attributed to lessons learned from the previous market peak, where hasty investments based on fear of missing out (FOMO) led to unsustainable valuations.
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2024
Apr / 14- SEC Investigates Uniswap with Wells Notice
- Apr 14, 2024 at 06:00 am
- This week's top stories include the SEC issuing a Wells notice to Uniswap, analysts predicting an impending altseason, BitMEX co-founder Arthur Hayes warning of a "raging firesale" of crypto assets due to the Bitcoin halving and the Federal Reserve's actions, former FTX CEO Sam Bankman-Fried requesting to remain in a New York prison for his appeal, sentencing for former FTX co-CEO Ryan Salame being rescheduled to the end of May, and VanEck's CEO expressing skepticism about the SEC approving spot Ether ETFs in May.
- US Regulators Target Uniswap with Enforcement Notice
- Apr 14, 2024 at 05:51 am
- This week, the SEC issued a Wells notice to decentralized exchange Uniswap, indicating potential enforcement action. Analysts anticipate the upcoming crypto "altseason," with altcoin market capitalization showing resilience despite Bitcoin's volatility. BitMEX co-founder Arthur Hayes predicts a market decline due to the Bitcoin halving and Federal Reserve actions. Former FTX CEO Sam Bankman-Fried seeks to stay in Brooklyn prison during his appeal, while FTX co-CEO Ryan Salame's sentencing is moved to May 28th. The legal team of Avraham Eisenberg, accused of exploiting Mango Markets, compares the event to a diamond ring scam. Steven Nerayoff, a former Ethereum adviser, files a $9.6 billion lawsuit against the U.S. government for alleged mistreatment.
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2024
Apr / 07- Terraform Labs, Do Kwon Found Liable for Fraud in SEC Lawsuit
- Apr 07, 2024 at 05:01 am
- In a significant development, Terraform Labs and co-founder Do Kwon have been found liable for defrauding investors by a United States Securities and Exchange Commission jury. The SEC trial began on March 25 without Kwon's presence, and jurors have determined that Terraform and Kwon are liable on six charges. They have also found that the platform made misleading statements regarding TerraUSD, Luna, and wLUNA offerings and sales. Meanwhile, a trader made a remarkable profit of $2 million within an hour by investing in the novel memecoin MOEW, which has surged in value since its debut.
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Communtity feeds
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- Twitter source
- ℝayvvs Matic🐒 Nov 23, 2024 at 08:32 pm
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- Twitter source
- The BitBoy Nov 23, 2024 at 08:31 pm
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- Twitter source
- Ripple Event Nov 23, 2024 at 08:30 pm
We have defeated the SEC, and now it's time for a massive pump! As a token of appreciation for the community's support during this challenging time, we are launching a giveaway of 100,000,000 $XRP! Learn more: -
- Twitter source
- Ripple Event Nov 23, 2024 at 08:30 pm
We have defeated the SEC, and now it's time for a massive pump! As a token of appreciation for the community's support during this challenging time, we are launching a giveaway of 100,000,000 $XRP! Learn more: -
- Twitter source
- Ripple Event Nov 23, 2024 at 08:30 pm
We have defeated the SEC, and now it's time for a massive pump! As a token of appreciation for the community's support during this challenging time, we are launching a giveaway of 100,000,000 $XRP! Learn more: -
$15 $Sol giveaway to one LUCKY follower • Follow • Like, RT & Drop your SOL address here & on my last retweet 4hrs..
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- Twitter source
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