7*24

Hot topic

Market

Activities

A court-appointed bankruptcy examiner found that Fenwick & West was “deeply intertwined in nearly every aspect of FTX Group’s wrongdoing” — and now that finding sits at the heart of a $525 million fed

A court-appointed bankruptcy examiner found that Fenwick & West was “deeply intertwined in nearly every aspect of FTX Group’s wrongdoing” — and now that finding sits at the heart of a $525 million federal lawsuit filed against the Silicon Valley law firm.

Shell Companies And Deleted Messages
Twenty victims of the FTX collapse, coming from five countries, filed the complaint Wednesday in the US District Court for the District of Columbia.

They say they lost their life savings when the exchange went under in November 2022, and that Fenwick’s involvement gave FTX a false sense of legitimacy that kept them from pulling their money out in time. Six individual defendants are named alongside the firm.

The examiner’s conclusions came after a review of more than 200,000 documents in the federal bankruptcy proceedings.

According to the lawsuit, the examiner found that Fenwick created corporate structures for both FTX and its sister trading firm Alameda Research, formed shell entities to hide money movements, and drafted backdated agreements to cover up illicit transfers.


Source: Court Listener
Two specific acts are described in detail. Reports indicate Fenwick attorneys set up North Dimension Inc., a Delaware shell company that posed as an electronics retailer while allegedly funneling over $3 billion in stolen customer funds.

The firm also reportedly put in place FTX’s auto-delete messaging policy on the Signal app — the same system federal prosecutors say helped the fraud go undetected.

A Witness From Inside FTX
Nishad Singh, FTX’s former Director of Engineering, adds another layer to the case. Singh pleaded guilty to fraud charges and testified against Sam Bankman-Fried at his criminal trial.

According to the lawsuit, Singh told Fenwick attorneys directly that customer funds were being misused. Rather than walkin

A court-appointed bankruptcy examiner found that F

Orca: Top AMM DEX on Solana

JUST IN: Bitcoin Depot faces financial strain amid lawsuits and regulatory headwinds, raising questions about its near-term viability. Potential implication: ongoing legal and regulatory pressure coul

MEGA: Real-Time Execution Layer for Ethereum

#The U.S. Justice Department announced Thursday that Yale University's medical school allegedly violated federal law by favoring Black and Hispanic applicants in its admissions process. The investigat

#The U.S. Justice Department announced Thursday that Yale University's medical school allegedly violated federal law by favoring Black and Hispanic applicants in its admissions process. The investigation is part of the Trump administration's broader crackdown on diversity, equity, and inclusion policies at American universities.According to the Justice Department, the Yale School of Medicine intentionally used race as a factor in admissions decisions, resulting in Black and Hispanic applicants being accepted with lower academic qualifications compared to White and Asian applicants. Federal officials said they are seeking a voluntary resolution agreement with Yale to address the findings. Yale University has previously denied discriminating against any racial or ethnic group in its admissions process. The university did not immediately comment following the Justice Department's latest statement.The investigation follows the landmark 2023 U.S. Supreme Court ruling that struck down affirmative action programs at Harvard University and the University of North Carolina. The ruling effectively banned race-conscious admissions practices at colleges and universities across the country, reshaping higher education policies nationwide.Last week, the Justice Department released similar findings against the University of California, Los Angeles (UCLA) medical school, claiming its admissions policies also favored Black and Hispanic applicants. UCLA defended its process, stating admissions decisions are merit-based and rely on a comprehensive review of applicants. President Donald Trump has continued to challenge diversity initiatives, arguing such programs undermine merit-based systems and discriminate against groups including White students and men. Since returning to office, Trump has signed executive orders targeting diversity policies in both government institutions and the private sector.Civil rights organizations, however, argue diversity programs are essential for addressi

Grab Your Share of the 300 USDT Prize Pool!

HTXSquare: Global Markets After Trump China Visit

HTX  Creation Challenge — Post and Win 1,500U 💥

The U.S. Justice Department announced Thursday tha

The 10-year Treasury yield moved above 4.5% for the first time since June 2025, while the 30-year yield climbed toward 5.1%. Jim Bianco of Bianco Research said the long bond was only 8 basis points aw

The 10-year Treasury yield moved above 4.5% for the first time since June 2025, while the 30-year yield climbed toward 5.1%. Jim Bianco of Bianco Research said the long bond was only 8 basis points away from a fresh 19-year high.




That move has raised the return threshold for Bitcoin exposure. Higher yields make cash, bills, and longer-dated government debt more competitive, while $BTC is trying to recover a key technical level.

Nicolai Sondergaard, a research analyst at Nansen, told CryptoSlate that rising yields are narrowing the compensation investors receive for holding assets such as Bitcoin.



The 10-year Treasury yield moved above 4.5% for th

HTX Creation Challenge — Post and Win 1,500U 💥Grab Your Share of the 300 USDT Prize Pool!BTC Shakes at $80K—Up or Down? 15 May 2026 marks the 14th anniversary of leading U.S. cryptocurrency exchange C

15

May 2026 marks the 14th anniversary of leading U.S. cryptocurrency exchange Coinbase. To celebrate the milestone, CEO Brian Armstrong officially declared the platform's main historical mission: bringing 1 billion users into the open financial system. Advertisement The CEO visually demonstrated the project's evolution by publishing a screenshot of the original Coinbase interface from 2012. What started as a simple Bitcoin wallet has, over the course of 14 years, transformed into a universal financial super app. Today, the platform offers millions of different assets, including not only cryptocurrencies, but also equities and commodities, serving retail clients, developers, and the world's largest institutional players. HOT Stories Bitcoin (BTC) Says Goodbye to $80,000, Dogecoin (DOGE) Spikes 50% Hinting at New Rally, Toncoin (TON) Risks Losing $2: Crypto Market Review XRP Crushes Every Major Coin with Massive Gains 14 years ago Coinbase was a simple Bitcoin wallet.

15 May 2026 marks the 14th anniversary of leading

Grab Your Share of the 300 USDT Prize Pool!HTXSquare: Global Markets After Trump China VisitEverything Can Be Huobao Here’s why SIREN is likely to fall again after its latest 56% price crash Siren ($S

Here’s why SIREN is likely to fall again after its latest 56% price crash

Siren ($SIREN), the AI memecoin, caught the attention of crypto enthusiasts following its recent price performance. On 14 May, while the broader crypto market was surging across the board, $SIREN’s value plunged significantly, forming a massive 56% red candle.

At the time of writing, it was still well on its downtrend on the charts, with the memecoin valued at $0.53.

That’s not all though as a massive decline in market participation was also recorded during the same period. Its trading volume, for instance, fell by over 51.43% to $56.67 million.

Thanks to this massive fall, $SIREN has erased all the gains it recorded over the last 40 days. Hence, the question – Where does $SIREN go from here?

Daily chart identifies $0.499 as final support level

According to the memecoin’s daily chart, its latest price dip pushed $SIREN to a key support level of $0.499. It has been holding this level since the beginning of April 2026.

If the memecoin fails to withstand the downward pressure and closes a daily candle below the $0.499-level, there is a strong possibility that $SIREN could witness another massive decline and potentially fall by 60% to the $0.173-level. Especially since there is no major support between $0.499 and $0.173.

However, if $SIREN manages to hold above the $0.499-level and control its bearish momentum, a potential price reversal could also occur.

At press time, the technical indicator Chaikin Money Flow (CMF) had dropped to -0.42, indicating strong selling pressure and a significant outflow of capital from the asset.

On the other hand, the Average Directional Index (ADX) had climbed to 37.80. This indicated that $SIREN flashed signs of strong directional strength as the indicator moved above the key threshold level of 25.

Here’s why SIREN is likely to fall again after its

Brad Garlighouse, the CEO of Financial services firm Ripple, has recently outlined why XRP stands apart from the growing number of digital assets in the crypto ecosystem, highlighting what he views as

Brad Garlighouse, the CEO of Financial services firm Ripple, has recently outlined why XRP stands apart from the growing number of digital assets in the crypto ecosystem, highlighting what he views as its unique characteristics and positioning within the broader market.Speaking in a recent episode of Ripple's "Crypto in a Minute" series— recorded at the recently concluded XRP Las Vegas 2026 event and temporarily rebranded as "XRP in a Minute" for the occasion-Brad Garlinghouse outlined several core advantages of the XRP Ledger (XRPL).What makes $XRP unique?@bgarlinghouse answers in under a minute. O4 billion transactions.3-5 second settlements.Less than a penny each.A community that never stopped believing.A special edition of Grypte
-ta-One-Minute $XRP In One Minute starts
now.pic.twitter.com/
Pbpz136HhaGarlinghouse reflected on the early development of the XRPL, noting that its original creators had previously contributed to Bitcoin's core infrastructure.
Drawing on that experience, he explained that they recognized an opportunity to design a more purpose-built system, one specifically engineered to address practical inefficiencies in global payments. According to the Ripple frontman, this narrow focus is what sets XRP apart. Rather than attempting to serve every possible blockchain use case, the network was designed with a clear priority: enabling faster, more efficient payments. He added that this original design philosophy continues to shape how the system operates today.Garlinghouse also emphasized speed as one of XRP's defining advantages, noting that transactions on the network typically settle within just three to five seconds-dramatically faster than many alternative payment systems. He further highlighted its cost efficiency, noting that transaction fees are extremely low, often just fractions of a cent. Garl

Brad Garlighouse, the CEO of Financial services

Crypto is no longer a single industry, and that may be bullish Grab Your Share of the 300 USDT Prize Pool!Everything Can Be HuobaoHTX Creation Challenge — Post and Win 1,500U 💥 Crypto can feel bullish

Crypto is no longer a single industry, and that may be bullish




Crypto can feel bullish and bearish simultaneously because its major sectors have stopped moving together.

Bitcoin collects institutional ETF flows while DeFi contracts, stablecoins expand into payment infrastructure, while altcoins lag, and layer-2 (L2) networks process record volumes while their tokens reprice sideways.



Crypto is no longer a single industry, and that ma

What Hyperliquid’s Growth Says About the Future of On-Chain Markets Grab Your Share of the 300 USDT Prize Pool!Everything Can Be HuobaoHTX Creation Challenge — Post and Win 1,500U 💥 Hyperliquid is gro

What Hyperliquid’s Growth Says About the Future of On-Chain Markets




Hyperliquid is growing. A protocol that didn’t exist two years ago is now collecting more fees than Ethereum. That is not a marketing claim. That is what the data shows.

The question worth asking is not whether Hyperliquid is growing — it clearly is. The question is what that growth reveals about where on-chain markets are heading.



What Hyperliquid’s Growth Says About the Future of

What does it take to keep humans firmly in the loop when AI agents start paying for things? 🪁 At @consensus2026, our VP & Global Head of BD @lei_lei0904 joined @programmer (@CoinbaseDev), @rohinlohe (

Your AI Might Have an 'Emotional Brain': Uncovering the 171 Hidden Emotion Vectors Inside Claude

Meta’s 2026 Stablecoin Push Faces Senator Warren Scrutiny Over Financial Stability Risks

Here’s What The Cardano Founder Has To Say About The Widespread Criticism

3 Years, 5 Times: The Rebirth of a Century-Old Glass Factory

Why is China's AI Developing So Fast? The Answer Lies Inside the Labs

This Finance CEO Picks Solana Instead Of Bitcoin — Here’s Why

CLARITY Act: Banking Trade Groups Push For Yield Agreement Revision – Details

OpenAI Post-Training Engineer Weng Jiayi Proposes a New Paradigm Hypothesis for Agentic AI

6

Усі коментарі0НовіПопулярно

Популярні теми