BlockFi and the Department of Justice (DOJ) have reached an agreement to dismiss a $35 million lawsuit concerning crypto assets held during BlockFi’s bankruptcy proceedings. The dismissal, approved by the U.S. Bankruptcy Court for the District of New Jersey on July 11, 2025, marks the end of a legal dispute initiated in May 2023. This resolution removes a significant legal hurdle for BlockFi as it navigates its bankruptcy process, though details of the settlement remain undisclosed. The case highlights ongoing regulatory and legal challenges in the crypto industry, particularly for firms facing financial distress.
about BlockFi, DOJ Dismiss $35M Crypto Lawsuit in Bankruptcy CaseCoinChapter
0 in Finance and 0 in Crypto last weekBitcoin Price Plummets Below 79000 Sparks Debate on Market Top
Bitcoin’s recent plunge below $79,000 has reignited debates over whether the cryptocurrency has reached its peak, following a significant drop of over 28% from early 2025 highs. Key indicators, including rising exchange inflows and declining Bitcoin dominance, suggest a potential shift towards altcoins, while mixed market sentiment leaves the future uncertain. Analysts remain divided, with some viewing the downturn as a warning and others believing Bitcoin still has room for growth.
about Bitcoin Price Plummets Below 79000 Sparks Debate on Market TopShiba Inu Coin Shows Potential for Surge Amid Market Challenges
Shiba Inu coin has gained attention with a 2.22% rise since February 23, reaching a high of $0.0000148, despite a broader memecoin market decline. Traders are optimistic about a potential 450% surge if it clears $0.00001, fueled by a significant spike in burn rates, although the actual impact on supply remains minimal.The coin’s price action is forming a bullish falling wedge pattern, suggesting a possible breakout with a target near $0.00003017, representing a 106% increase. However, the sustainability of this rally is uncertain, as it heavily relies on market sentiment and social media hype.
about Shiba Inu Coin Shows Potential for Surge Amid Market ChallengesSEC Launches Crypto Task Force to Enhance Regulation and Compliance
Hester Peirce has unveiled the SEC’s new Crypto Task Force, aimed at reshaping the agency’s approach to crypto regulation by clarifying asset classifications and compliance processes. Under Acting Chair Mark Uyeda, the task force will focus on token offerings, lending, and staking, while maintaining anti-fraud enforcement. This initiative seeks to provide greater transparency and legal clarity for crypto businesses, addressing past uncertainties in compliance.
about SEC Launches Crypto Task Force to Enhance Regulation and ComplianceBinance Faces Legal Challenges in Spain and France Over Fund Misappropriation
Binance is under legal scrutiny in Spain, where Judge María Ángeles Velázquez is examining a claim from plaintiff JL, who alleges the exchange misappropriated his €67,550 investment and failed to provide access to his funds. Meanwhile, French authorities are investigating potential money laundering linked to Binance, adding to the exchange’s mounting legal challenges, including a class action lawsuit in the U.S. Former CEO Changpeng Zhao faces a court request for testimony but has reportedly not responded.
about Binance Faces Legal Challenges in Spain and France Over Fund MisappropriationProFX Expo MENA 2025: A Premier Gathering for Forex and Fintech Professionals
ProFX Expo MENA 2025 will take place on April 9-10 at The Agenda, Media City, Dubai, gathering forex traders, fintech professionals, and crypto enthusiasts. The event features over 60 exhibitors, 30 keynote speakers, workshops, and live trading demonstrations, providing a platform for networking and exploring innovative financial technologies. Free tickets are available, but registration is required due to limited spaces.
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