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Former Rep. McHenry: Gensler’s Anti-Crypto Stance Tied to Senate Politics

Coins Legend May 16, 2025 0

Patrick McHenry, who served as chairman of the House Financial Services Committee from 2023 to 2025, explained that the private opinion of former SEC Chair Gary Gensler on cryptocurrency differed from his public actions. He attributed Gensler’s anti-crypto stance to progressive ideology and

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Ripple Confirms XRP Victory Stands as SEC Deal Collapses in Court

Coins Legend May 16, 2025 0

XRP’s regulatory clarity remains rock-solid as Ripple’s legal chief confirms its non-security status is untouched, even after a court setback stalls a proposed SEC deal. Ripple Legal Chief Defuses Panic After Court Rejects SEC Deal Over XRP Ripple’s chief legal officer, Stuart Alderoty, addressed the crypto community on Thursday following a court ruling that denied […]

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Chinese Public Company DDC Enterprise to Acquire 5,000 BTC for Balance Sheet

Coins Legend May 16, 2025 0

DDC Enterprise Ltd. (NYSEAM: DDC), a Chinese publicly traded company, reported record 2024 financial results and announced plans to acquire 5,000 bitcoin ( BTC) over three years as part of a new corporate reserve strategy. The initiative includes an immediate purchase of 100 BTC, with a goal to hold 500 BTC within six months. NYSEAM-Listed […]

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Solana’s dApp Revenue Opportunity: Resilience in a Volatile Market

Coins Legend May 16, 2025 0

This content is provided by a sponsor. As of April 2025, Solana’s decentralized application (dApp) ecosystem has seen significant swings in revenue and activity. Here’s a look at the latest trends—and the emerging opportunities they reveal: Recent Revenue Trends In March 2025, Solana’s dApp ecosystem generated $146 million in total revenue, capturing 46% of all […]

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Cyber Gang Spent $4M on Nightclubs, $9M on Exotic Cars in $263M Crypto Fraud, DOJ Says

Coins Legend May 16, 2025 0

U.S. authorities have charged 12 additional defendants in a sprawling RICO conspiracy involving over $263 million in cryptocurrency thefts, money laundering, and coordinated home invasions, according to a superseding indictment unsealed this week. DOJ: Crypto Crime Ring Laundered $263M via Mixers, Peel Chains, Hermès Birkin Bags, and Stuffed Animal Cash Shipments The

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SEC Probes Coinbase’s Discontinued ‘Verified User’ Claims: NYT 

Coins Legend May 15, 2025 0

The New York Times (NYT) reported Thursday that the Securities and Exchange Commission is investigating whether Coinbase misrepresented its now-discontinued “verified user” metric in past disclosures, according to David Yaffe-Bellany and Matthew Goldstein. The probe, citing over 100 million users in filings until 2023, began under the Biden administration and continues

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Crypto Trading Firm and OTC Desk Wintermute Enters US Market

Coins Legend May 15, 2025 0

Wintermute, a global algorithmic crypto trading firm and over-the-counter (OTC) desk, opened its U.S. headquarters in New York City on May 15, 2025, and appointed former Blockchain Association lobbyist Ron Hammond as head of policy and advocacy. Crypto Liquidity Provider Wintermute Sets Up New York Headquarters According to the announcement shared with Bitcoin.com News,

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Lightchain Protocol AI Opens $150,000 Developer Grant Program to Onboard Top Blockchain Builders

Coins Legend May 15, 2025 0

This content is provided by a sponsor. Lightchain Protocol AI, a cutting-edge Layer-1 blockchain built to power decentralized artificial intelligence, has officially launched its Developer Grant Program, calling on seasoned developers, innovative startups, and ecosystem builders to join its rapidly growing ecosystem. The initiative aims to attract talent from across the

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FTX Creditors to Receive Over $5B in Second Payout Starting May 30

Coins Legend May 15, 2025 0

The FTX Recovery Trust explained on Thursday that it will distribute more than $5 billion to creditors starting May 30, 2025, as part of its court-approved Chapter 11 bankruptcy reorganization plan. Distribution Date Set for FTX’s $5B Creditor Repayment The distribution, the second under FTX’s reorganization plan, will pay creditors across multiple claim classes. Class

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Judge Denies Ripple–SEC Motion Over XRP, Leaving Case in Legal Limbo

Coins Legend May 15, 2025 0

A federal judge has blocked the SEC and Ripple’s joint settlement agreement in the case over XRP, escalating the legal drama and rattling momentum across the crypto landscape. Ripple-SEC Settlement Blocked as Court Denies Motion to Alter Final Judgment Judge Analisa Torres of the U.S. District Court for the Southern District of New York has […]