XRP investors are navigating turbulent market conditions as prominent analyst Egrag Crypto identifies a critical ‘exit candle’ signal that could dictate the next major move for holders. Amidst choppy price action and heightened regulatory uncertainty in the United States, traders face a pivotal decision: hold through potential deep declines, sell on a post-crash pump, or accumulate more tokens. Egrag’s analysis, while warning of a possible 50-60% further drop, underscores a disciplined, long-term strategy and the paramount importance of emotional control in the volatile cryptocurrency arena.
about XRP Analyst Warns of Exit Candle Amid Market VolatilityJay Clayton
1 posts last weekDOJ Warns Private Markets Over Creative Valuations
Wall Street’s top prosecutor is sounding the alarm about creative accounting in private markets, with the Department of Justice now closely monitoring significant discrepancies in how firms value private assets. Jay Clayton, head of the DOJ’s Manhattan outpost, has identified ‘areas of concern’ as stark divergences in valuation practices draw increasing attention from market participants, academics, and now federal authorities, signaling a new era of regulatory scrutiny for the traditionally opaque private markets.
about DOJ Warns Private Markets Over Creative ValuationsFashion Tech CEO Charged in $300M Investor Fraud Scheme
The U.S. Department of Justice (DOJ) has accused Christine Hunsicker, CEO of clothing tech company CaaStle, of orchestrating a massive fraud scheme that deceived investors out of more than $300 million. According to the DOJ, Hunsicker fabricated financial statements, bank records, and even forged a board director’s signature to falsely portray the company as profitable. She allegedly provided fake bank screenshots showing $200 million in cash when the company had only $200,000. Additionally, she misled investors in a new venture, P180, by leveraging falsified claims about CaaStle’s success. Hunsicker faces multiple charges, including wire fraud, securities fraud, and money laundering, with potential decades-long prison sentences if convicted. The case highlights the risks of pre-IPO investments and the importance of due diligence.
about Fashion Tech CEO Charged in $300M Investor Fraud SchemeUS Moves to Block Crypto Kidnapping Testimony in Tornado Cash Case
US attorneys prosecuting Tornado Cash co-founder Roman Storm have filed a motion to prevent testimony regarding crypto-related kidnappings and torture. The request, led by interim New York Attorney and former SEC Chair Jay Clayton, aims to exclude arguments based on privacy rights and violent incidents linked to cryptocurrency. The defense had hinted at questioning witnesses about cases where individuals were threatened or harmed for their crypto holdings. The judge will now decide whether to allow such testimony as the high-profile case unfolds.
about US Moves to Block Crypto Kidnapping Testimony in Tornado Cash CaseJay Clayton Leads Tornado Cash Trial Amid Crypto Concerns
Jay Clayton, former SEC chair under Trump, is leading the prosecution against Tornado Cash co-founder Roman Storm, accused of money laundering and sanctions evasion. Clayton’s tenure at the SEC was marked by aggressive actions against crypto firms, including a high-profile lawsuit against Ripple. After leaving government, Clayton joined a crypto custody firm before returning as interim U.S. Attorney for the Southern District of New York. The trial, set to begin Monday, has sparked fears in the DeFi community that a conviction could harm software developers and the broader industry. Despite Treasury dropping its case against Tornado Cash, the DOJ is proceeding, with Clayton’s office filing motions that could shape the trial’s outcome.
about Jay Clayton Leads Tornado Cash Trial Amid Crypto ConcernsCelsius Founder Barred From Bankruptcy Claims After Fraud Conviction
Celsius founder Alex Mashinsky has been barred from receiving any assets from the bankrupt crypto lender’s estate after withdrawing his claims. Mashinsky was sentenced to 12 years in prison last month for commodities and securities fraud related to misleading investors about Celsius’ financial health. The DOJ accused him of falsely portraying Celsius as a safe platform while misusing customer funds, leading to billions in losses. Celsius filed for bankruptcy in 2022 after its CEL token crashed 99% and withdrawals were frozen. US authorities emphasized that fraud laws still apply in crypto, with the SDNY vowing to hold bad actors accountable.
about Celsius Founder Barred From Bankruptcy Claims After Fraud ConvictionDOJ Charges Six in Multi-Million Dollar Postal Check Fraud
The U.S. Department of Justice (DOJ) has indicted six individuals—Michael Edwards, Shakeemo Hill, William Hill, Alixandria Lauture, Shuron Malone, and Carlos Mercado—for allegedly running a sophisticated check and bank fraud operation from January 2022 to July 2024. The group reportedly stole mail using Postal Service keys, altered checks digitally or chemically, and sold them via messaging apps. They also deposited fraudulent checks into East Coast bank accounts. U.S. Attorney Jay Clayton emphasized the DOJ’s commitment to safeguarding the mail system, a vital service for millions of Americans. The case highlights growing concerns over financial crimes exploiting postal infrastructure.
about DOJ Charges Six in Multi-Million Dollar Postal Check Fraud10 Years of Bitcoin: Key Crypto Questions Answered
Marking 10 years since Bitcoin’s launch, this article demystifies cryptocurrencies by explaining blockchain fundamentals (P2P networks, consensus algorithms, and tokenomics) and emphasizing Bitcoin’s role as the pioneer. It highlights key stats: over 7,000 cryptocurrencies exist (many defunct), 300+ exchanges operate globally, and the SEC’s stance that Bitcoin isn’t a security—unlike many ICOs. The piece stresses ‘DYOR’ (Do Your Own Research) for investments and quotes Aaron Swartz and Tim May on crypto’s societal impact, arguing it challenges state-controlled money. Regulatory ambiguity persists, but the technology’s potential to decentralize finance remains transformative.
about 10 Years of Bitcoin: Key Crypto Questions AnsweredBlockchain Founder Charged in $1M Fraud Scheme
Jeremy Jordan-Jones, the founder of blockchain startup Amalgam Capital Ventures, has been indicted by a US grand jury on charges of wire fraud, securities fraud, false statements to a bank, and aggravated identity theft. The Department of Justice alleges he deceived investors out of more than $1 million by promoting a fake blockchain venture while diverting funds for personal use. Manhattan US Attorney Jay Clayton described the company as a sham, with investor money allegedly financing Jordan-Jones’ extravagant lifestyle. The indictment follows his arrest on May 21, marking another high-profile case of fraud in the crypto space.
about Blockchain Founder Charged in $1M Fraud SchemeUS Drops Some Charges Against Tornado Cash Founder
The US government has partially reduced its charges against Tornado Cash co-founder Roman Storm after a Justice Department memo signaled a pullback in crypto-related prosecutions. While most charges remain, prosecutors dropped one count related to operating an unlicensed money transmitting business. Acting US Attorney Jay Clayton confirmed the case aligns with the DOJ’s April 2025 enforcement memo, signaling a shift in regulatory priorities while maintaining legal pressure on key crypto figures.
about US Drops Some Charges Against Tornado Cash FounderEx-Celsius CEO Gets 12 Years for $48M Crypto Fraud
Alex Mashinsky, the ex-CEO of bankrupt crypto lender Celsius Network, received a 12-year prison sentence for defrauding investors through false claims about the company’s stability and manipulating CEL token prices. Prosecutors revealed he pocketed $48 million while misleading retail investors, with federal authorities initially seeking a 20-year term. The case, tied to Celsius’s $4.7 billion FTC settlement, also saw the firm’s former revenue chief cooperate, exposing systemic fraud. Mashinsky forfeited ill-gotten gains and waived appeal rights under his plea deal, closing a high-profile prosecution that underscores regulatory scrutiny of crypto misconduct.
about Ex-Celsius CEO Gets 12 Years for $48M Crypto FraudSEC’s $50M Ripple Settlement Draws Criticism
The SEC announced a $50 million settlement with Ripple Labs, ending a high-profile case alleging unregistered XRP token sales. Commissioner Caroline Crenshaw criticized the deal, calling it a retreat from crypto enforcement that harms investor protections. The settlement vacates a prior $125 million penalty and reflects a broader shift in the SEC’s approach under new leadership. Crenshaw warned the move damages the agency’s credibility and abandons hard-won legal victories. Meanwhile, XRP’s price surged 6.5% following the news, maintaining its position as a top cryptocurrency.
about SEC's $50M Ripple Settlement Draws Criticism