Former Coinbase lawyer Khurram Dara has launched his campaign for New York attorney general, setting up a direct challenge to incumbent Letitia James in what’s shaping up as a referendum on New York’s aggressive crypto enforcement approach. Dara’s campaign centers on what he calls James’ ‘partisan lawfare’ against the cryptocurrency industry, arguing that New York’s enforcement climate has driven crypto companies, investment, and jobs out of the state while contributing to the state’s affordability crisis.
about Ex-Coinbase Lawyer Challenges NY AG James in 2026 RaceGenesis
0 in Finance and 0 in Crypto last weekNasdaq-Listed Crypto Firm Eqonex Seeks Judicial Management
Nasdaq-listed cryptocurrency services provider Eqonex has filed for judicial management in Singapore as its Hong Kong subsidiaries enter voluntary liquidation, marking another casualty in the ongoing crypto market contagion. The company’s shares plummeted 24% in a single day and have collapsed 91% year-to-date amid failed financing negotiations with Binance affiliate Bifinity and broader industry distress following FTX’s collapse.
about Nasdaq-Listed Crypto Firm Eqonex Seeks Judicial ManagementGemini, SEC Near Settlement in Crypto Lending Case
Gemini and the U.S. Securities and Exchange Commission have reached a preliminary settlement to resolve enforcement action over the crypto exchange’s yield-bearing Earn program. The agreement could establish important precedent for how regulators treat crypto lending products in the United States. Both parties have asked the court to pause litigation while final settlement paperwork is completed.
about Gemini, SEC Near Settlement in Crypto Lending CaseWinklevoss Issues Final $1.5B Demand to DCG in Genesis Dispute
The legal battle between Gemini and Digital Currency Group has reached a critical juncture with Cameron Winklevoss issuing an ultimatum demanding $1.465 billion in payments and loans denominated in dollars, bitcoin, and ether. Winklevoss accuses DCG and Barry Silbert of engaging in fraudulent behavior, creating a ‘culture of lies and deceit,’ and deliberately prolonging the resolution process. The dispute centers on $1.2 billion owed to Gemini’s Earn program users, affecting 232,000 customers whose withdrawals have been suspended since November 2022. The offer includes compensation for Earn program customers and alleges that DCG abused mediation processes to avoid paying its $630 million debt to Genesis. This development follows previous accusations by the Winklevoss twins against the SEC and highlights the ongoing turmoil in crypto lending markets.
about Winklevoss Issues Final $1.5B Demand to DCG in Genesis DisputeSEC Loses Gensler’s Texts Amid Crypto Crackdown
The SEC’s Office of the Inspector General revealed that text messages from former Chair Gary Gensler between October 2022 and September 2023 were permanently deleted due to a combination of technical failures and policy missteps. Gensler’s SEC-issued phone stopped syncing with the agency’s system in July 2023 but remained in use, appearing inactive to IT staff. A new 45-day automatic wipe policy led to the device being erased, and subsequent attempts to restore it resulted in a factory reset that permanently destroyed the messages. This loss is particularly significant as it coincides with the SEC’s intensified crypto enforcement, including cases against Genesis, Gemini, Kraken, and Paxos, and internal determinations that Ethereum qualified as a security.
about SEC Loses Gensler's Texts Amid Crypto CrackdownPorsche Unveils 11kW Wireless EV Charging for 2026 Cayenne
Porsche will debut its 11 kW wireless charging system at the Munich IAA motor show, with planned European rollout in 2026 followed by global expansion. The system uses a floor pad that transfers power to a receiver under the Cayenne Electric SUV, achieving 90% efficiency matching traditional plug-in charging. Safety features include motion sensors, foreign-object detection, and certifications from TÜV, CE, and UL. The technology will be offered as a luxury option costing approximately €7,000 plus installation, targeting Cayenne Electric buyers who can afford the premium convenience. While other automakers have experimented with wireless charging, Porsche becomes the first to bring certified, production-ready inductive charging to a mass-market electric SUV, potentially accelerating industry adoption following the recent SAE J2954 international standard finalization.
about Porsche Unveils 11kW Wireless EV Charging for 2026 CayenneDCG Sues Genesis Over 3AC Promissory Note Dispute
Digital Currency Group (DCG) has initiated legal action against its subsidiaries, Genesis Global Capital and Genesis Asia Pacific, in the US Bankruptcy Court for the Southern District of New York. The complaint revolves around a $1.1 billion promissory note issued during the 2022 collapse of Three Arrows Capital (3AC). DCG alleges that the Genesis entities profited ‘hundreds of millions of dollars’ from recoveries linked to 3AC’s default without incurring losses, while DCG itself bore the financial burden. The case highlights ongoing tensions within DCG’s corporate structure and the fallout from major crypto market failures.
about DCG Sues Genesis Over 3AC Promissory Note DisputeDCG Sues Genesis Over $1.1B Loan Dispute
Digital Currency Group (DCG) has sued its now-bankrupt subsidiary Genesis, arguing that its $1.1 billion loan in 2022 exceeded Genesis’ losses and even resulted in profits due to recovered collateral from Three Arrows Capital. The collateral, held in Bitcoin and Grayscale Bitcoin Trust shares, surged in value post-2022, reducing DCG’s obligations to zero. Genesis, a crypto lender under DCG, collapsed in 2023 after exposure to failed firms like Three Arrows Capital and Alameda Research. DCG claims it fulfilled its financial commitments, while Genesis had earlier sued DCG for $3.1 billion over alleged fraudulent transfers during its collapse. The legal battle highlights the fallout from the 2022 crypto contagion.
about DCG Sues Genesis Over $1.1B Loan DisputeDCG Sues Genesis Over $105M Debt in Crypto Bankruptcy Case
Digital Currency Group (DCG) has sued Genesis in a New York bankruptcy court, claiming it is owed $105 million plus interest from a financial backstop extended during the 2022 crypto market crash. The case revolves around a $1.1 billion promissory note DCG issued to Genesis after Three Arrows Capital (3AC) defaulted on a $2.36 billion margin call. DCG argues that Genesis profited from 3AC’s collateral beyond the note’s original value, reducing the principal balance. The lawsuit adds to existing disputes between the two companies, including earlier allegations by Genesis that DCG wrongfully took billions. Genesis, which filed for Chapter 11 in 2023, has since emerged from restructuring and begun creditor repayments, though DCG, as an equity holder, has contested parts of the plan.
about DCG Sues Genesis Over $105M Debt in Crypto Bankruptcy CaseNY Proposes 0.2% Crypto Tax to Fund Opioid Crisis Fight
New York State Assemblymember Phil Steck introduced Bill A0966, proposing a 0.2% excise tax on cryptocurrency transactions to fund substance abuse programs in upstate schools. The tax, estimated to yield $158 million annually, applies to NFTs, mined assets, and stablecoins, leveraging Chainalysis data adjusted for New York’s GDP share. Steck’s memo cites crypto’s fraud risks (e.g., Gemini’s $50M settlement) and environmental concerns from mining. The bill aligns with states like Wyoming using crypto revenues for education, though NY’s DFS withheld transaction volume data. Critics argue the broad tax could impact NYC’s crypto hub status, home to firms like Circle and Galaxy Digital.
about NY Proposes 0.2% Crypto Tax to Fund Opioid Crisis FightEthereum Nears $3,800 Amid Bullish Rally & ETF Inflows
Ethereum is experiencing a robust bullish phase, trading near $3,785 after surging nearly 80% in July and breaking past key resistance levels. The rally is supported by record ETF inflows ($3.28 billion in July) and institutional accumulation, with technical indicators like the RSI (>80) and MACD signaling strong momentum. However, overbought conditions suggest potential near-term profit-taking. Key resistance lies at $3,832, with a breakout potentially pushing ETH toward $4,000. Long-term bullish forecasts range up to $15,000, while a pullback to $3,684–$3,534 could offer buying opportunities. Regulatory developments, ETF inflows, and short squeezes remain critical watchpoints.
about Ethereum Nears $3,800 Amid Bullish Rally & ETF InflowsDormant Ethereum Wallets Move $2.9M After 10 Years
Two Ethereum wallets, dormant since the blockchain’s 2015 launch, were activated after nearly 10 years, transferring 1,140 ETH worth $2.9 million. These wallets received ‘GENESIS’ transactions during Ethereum’s ‘Frontier’ phase, marking their origin at the network’s inception. Ethereum, initially a proof-of-work blockchain like Bitcoin, transitioned to proof-of-stake in 2022 via ‘The Merge’ to reduce energy consumption. The reactivation underscores Ether’s monumental 90,000% price surge over the past decade, reflecting the ecosystem’s growth from its early days to a leading smart contract platform.
about Dormant Ethereum Wallets Move $2.9M After 10 Years