The Cointelegraph Press Review

Cointelegraph.com News

• Jump Trading hit with $4B lawsuit tied to $50B Terra crash: WSJ
  Terraform Labs sued Jump Trading and senior executives for $4 billion, alleging the firm manipulated Terra’s ecosystem and unlawfully profited from the crash, the WSJ reported. The administrator of Terraform Labs’ bankruptcy, Todd Snyder, has filed a lawsuit seeking $4 billion in damages from trading company Jump Trading and multiple executives.According to a Friday Wall […]
• Bybit relaunches UK platform via Archax under FCA promotion rules
  Bybit is relaunching in the UK with a stripped‑back spot and P2P platform, reopening a market it exited after the Financial Conduct Authority’s (FCA) 2023 crackdown. Bybit says it is returning to the United Kingdom after a two‑year pause with a new UK platform offering spot trading on 100 pairs and a peer‑to‑peer venue. The […]
• Fragmentation drains up to $1.3B a year from tokenized assets: Report
  New research models how crosschain price gaps and capital friction are eroding efficiency as tokenized markets scale across blockchains. Fragmentation across blockchain networks is already imposing a measurable economic cost on the tokenized asset market, with inefficiencies translating into up to $1.3 billion in annual value drag. In a report sent to Cointelegraph, real-world asset (RWA) […]
• Metaplanet to debut US trading with Deutsche Bank under MPJPY
  Metaplanet will debut US trading via American Depositary Receipts, aiming to broaden access for US investors without raising new capital. Metaplanet, a Japanese Bitcoin treasury company, is set to begin trading in the United States via American Depositary Receipts (ADRs).Trading in Metaplanet’s ADRs is expected to start on Friday, with its shares listed in US […]
• Coinbase borrows Kalshi’s playbook, sues three states over prediction markets
  Coinbase sued regulators in Connecticut, Illinois and Michigan, arguing CFTC-regulated prediction markets should fall under federal commodities law, not state gambling rules. Coinbase is taking three US states to court in a bid to lock in federal protection for its planned prediction markets, opening a new front in the battle over whether event contracts are […]
• Bitcoin rebounds on Japan rate hike as Arthur Hayes sees dollar at 200 yen
  Bitcoin headed higher despite the Bank of Japan's interest-rate hike while reactions saw bullish risk-asset signals and no further policy tightening. Bitcoin (BTC) aimed for $88,000 on Friday after Japan’s central bank raised interest rates to 30-year highs.Key points:Bitcoin joins US stocks futures heading higher in a curiously bullish reaction to Japan’s interest-rate hike.Read more
• US Senate confirms pro-crypto Selig to lead CFTC, Hill to head FDIC
  Mike Selig pledged to make crypto a priority when he was picked to lead the CFTC in October, while Travis Hill has spoken out against crypto debanking. The US Senate has confirmed crypto-friendly lawyer Mike Selig as the new chair of the Commodity Futures Trading Commission and has elevated Travis Hill to chair the Federal […]