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#Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a noteworthy development, US law firm Fenwick & West has agreed to pay $54 million to settle cla

#Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
In a noteworthy development, US law firm
Fenwick & West has agreed to pay $54 million to settle claims arising from its legal services for the defunct crypto exchange
FTX. The proposed settlement, filed in federal court in Miami on Friday, resolves allegations from FTX customers who accused the Silicon Valley-based firm of facilitating misconduct tied to one of the largest financial frauds in US history.Related Reading: Stablecoin Regulation: FDIC
Announces New Proposed AML Rules For IssuersFenwick Denies Knowledge Of FTX
Illicit Activities Despite SettlementAccording to court filings as reported by Reuters, Fenwick & West served as a lead outside counsel for FTX during the exchange's rapid expansion into a global crypto trading platform. Plaintiffs in the class action lawsuit alleged the firm "helped to craft and implement strategies that facilitated FT's fraud," accusing the lawyers of assisting with regulatory and operational structures later tied to the misuse of customer fundsThe proposed settlement agreement still requires approval from US District Judge K. Michael Moore in Miami. Attorneys representing FTX customers, including prominent litigator David Boies, argued the deal was reasonable and would prevent prolonged and costly litigation.However, Fenwick rejected allegations that it knowingly participated in fraudulent conduct. In a public statement, the law firm said it "was not aware of the fraud at FTX," adding that it stood by the integrity of its legal work. The $54 million agreement marks the largest settlement in a second wave of FT-related class action resolutions.Other settlements include an $11.75 million payment from former FTX auditor Prager Metis and a $420,000 settlement involving former Miami Heat player Udonis Haslem, who promoted the exchange
Related Reading: Here's The 411 Behind The Famous $50 XRP Candle On Gemi

Trusted Editorial content, reviewed by leading ind

BILL: Human-AI Collaboration Network

BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolATWO: Fans Vote to Change Live OutcomesGold prices climbed sharply during early Asian trading on Monday as renewed optimism surroundin

Gold prices climbed sharply during early Asian trading on Monday as renewed optimism surrounding a possible U.S.-Iran peace agreement lifted investor confidence across global markets. The rally in bullion came alongside a notable decline in the U.S. dollar and Treasury yields, both of which increased demand for safe-haven precious metals.Spot gold rose 1.5% to $4,577.12 per ounce, while gold futures gained 1.2% to reach $4,612.24 per ounce. Other precious metals also posted strong gains, with spot silver jumping 3.8% to $78.3865 per ounce and platinum advancing 2% to $1,965.45 per ounce. Market sentiment improved after U.S. President Donald Trump stated over the weekend that a framework for a peace agreement with Iran had been "largely negotiated." Reports suggested that the proposed deal could extend the ongoing ceasefire between the United States and Iran while reopening shipping routes through the Strait of Hormuz. Such a move would help stabilize global oil supplies and ease concerns about disruptions in energy markets.Despite the optimism, uncertainty remains. Trump later clarified that the United States was in no rush to finalize the agreement and confirmed that a U.S. naval blockade on Iran would remain active. Additional reports indicated ongoing disagreements over Iran's nuclear program, particularly Tehran's refusal to surrender its stockpile of enriched uranium.Even with these unresolved issues, hopes for reduced Comment 3 1

Gold prices climbed sharply during early Asian tra

📢 TRON Ecosystem Weekly News The #TRONEco delivered significant updates last week, featuring Bitcoin Pizza Day campaigns, anniversary celebrations, and cross-chain integrations. TRON Eco and launched 

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In this Cardano seminar, @Samb0__, co-founder of @ZengateGlobal, discusses the practical challenges and strategies involved in implementing blockchain traceability within global agricultural supply ch

Even if Kevin Warsh is now the chairman of the Federal Reserve, Bitcoin has been under pressure below $78,000 because traders are still concentrating on increasing Treasury rates and the low likelihoo

Investors Assess New Fed Chair Kevin Warsh’s Monetary Policy Direction

Polkadot is in the middle of a sweeping rethink of how its economy works. Community discussions and on-chain governance have centered on an “issuance reset” and cleaner tokenomics that could make DOT’

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On May 25, Reuters reported that Indonesia's Ministry of Communication and Information Technology announced the blocking of the prediction market platform Polymarket, classifying it as an online gambl

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BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolATWO: Fans Vote to Change Live Outcomes Ethereum Spot ETFs Saw $255M in Weekly Outflows, BlackRock ETHA Led With $185M Ethereum spot E

Ethereum Spot ETFs Saw $255M in Weekly Outflows, BlackRock ETHA Led With $185M

Ethereum spot ETFs posted $255 million in net outflows over the past week, with BlackRock’s ETHA fund accounting for $185 million of that total, according to ETF flow tracking data.The weekly figure represents a notable pullback in institutional appetite for Ethereum exposure through regulated fund products. Net outflows indicate that more capital exited these ETF products than entered them during the tracking period.

Ethereum Spot ETFs Saw $255M in Weekly Outflows, B

$JST BREAKOUT STRUCTURE SIGNALS BULLISH CONTINUATION TOWARD HIGHER RESISTANCE.,....... Trade Setup: Long Entry Zone: 0.0930 - 0.0931 Tp1: 0.0934 Tp2: 0.0938 Tp3: 0.0942 SL: 0.0927 JST is holding above

According to monitoring by Dongcha Beating, utilizing domestically produced Ascend chips to train large models has become a key direction for building autonomous and controllable AI computing power in

Huawei and USTC Break NVIDIA's Monopoly, Ascend A3 Accelerates Large Model Expert Computation by 58%

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$XRP$I have just closed my position. Let us copy the next trade together.

BNB Chain Releases Research Report, Exploring Post-Quantum Cryptography Migration Path for BSC

Bitcoin Slides to Three-Week Low Under $77K Amid Bear Dominance

BREAKING – Bitcoin Depot, Operator Of 9,000+ ATMs, Files For Bankruptcy Protection

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Secures Over $60 Million in Funding from Dragonfly, Sequoia, and Others. An In-Depth Look at the On-Chain Derivatives Protocol Variational | CryptoSeed

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zest currently trades at 0.183708 USDT, up 20.27% in 24h, according to HTX market data.

bill currently trades at 0.10894 USDT, up 15.61% in 24h, according to HTX market data.

zest currently trades at 0.17347 USDT, up 11.29% in 24h, according to HTX market data.

bill soared to 0.109703 USDT, a new high with a 24-hour increase of 15.61%. It currently trades at 0.10894 USDT on HTX.

genius soared to 0.8271 USDT, a new high with a 24-hour increase of 7.63%. It currently trades at 0.7125 USDT on HTX.

genius currently trades at 0.7252 USDT, up 10.72% in 24h, according to HTX market data.

bill currently trades at 0.116971 USDT, up 21.90% in 24h, according to HTX market data.

zest soared to 0.186237 USDT, a new high with a 24-hour increase of 14.78%. It currently trades at 0.180202 USDT on HTX.

Shanghai and Shenzhen Markets Total Trading Volume Reaches 32,057.3 Billion Yuan, SMIC Leads in Trading Volume

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