List of Flash News about SEC lawsuit
Time | Details |
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2025-07-07 17:52 |
Coinbase (COIN) Acquires LiquiFi to Boost Token Launches; Unicoin Buys Diamond Lake for Altcoin Treasury Strategy Amid SEC Lawsuit
According to @moonshot, cryptocurrency exchange Coinbase (COIN) has acquired LiquiFi, a token management platform, to simplify on-chain development and token launches for crypto startups. The move, which aims to streamline processes like token vesting and compliance, contributed to a 1% rise in COIN shares during pre-market trading. In separate M&A news, crypto firm Unicoin has agreed to purchase a 51% stake in Diamond Lake Minerals for a deal potentially worth over $70 million. The acquisition will pivot Diamond Lake to focus on building a corporate treasury with emerging altcoins, a strategy inspired by MicroStrategy's Bitcoin (BTC) approach. However, this development occurs as Unicoin and its CEO face an ongoing lawsuit from the U.S. Securities and Exchange Commission (SEC) for alleged securities fraud, which the company's CEO has publicly dismissed as 'blatantly false'. |
2025-07-04 14:31 |
Unicoin Pursues Altcoin Treasury Strategy with Majority Stake Acquisition Despite SEC Lawsuit; Stablecoins Surge While BTC and ETH See Pullback
According to @boldleonidas, crypto firm Unicoin has agreed to acquire a 51% stake in Diamond Lake Minerals for over $70 million to launch an altcoin-focused treasury strategy, a move that proceeds despite an active SEC lawsuit against Unicoin for alleged securities fraud. This strategic pivot occurs amidst a market where stablecoin-related assets are surging, with Circle's stock (CRCL) rising approximately 500% and Coinbase shares hitting a four-year high. Further bolstering the sector, the Federal Reserve has reportedly stated that crypto no longer poses a "reputational risk" for banks, potentially increasing access to financial services. However, current market data indicates a short-term bearish sentiment for major cryptocurrencies, with Bitcoin (BTC) trading around $107,510 after a 2.08% drop and Ethereum (ETH) at approximately $2,490, down 4.08% over the past 24 hours. |
2025-07-02 03:10 |
Ripple (XRP) Settlement Rejected: NY Judge Blocks SEC's $50M Deal Over Injunction Concerns
According to @FoxNews, New York District Judge Analisa Torres has rejected a second joint request from the SEC and Ripple Labs to approve a settlement that would modify a previous judgment. The source states the judge was unwilling to remove a permanent injunction against Ripple, citing a 'reasonable probability' that the company would continue violating federal securities laws. In her ruling, Judge Torres noted that the parties have not shown 'exceptional circumstances' to warrant modifying the final judgment. This legal setback for Ripple (XRP) comes as the provided market data shows XRP trading at $2.1930. Separately, the Trump-affiliated World Liberty Foundation announced its WLFI token, initially non-transferable, will be made tradable, a move that would enable secondary market speculation, according to a post from the project's official X account. |
2025-07-01 03:47 |
Unicoin's Altcoin Treasury Strategy & Coinbase's Bullish Bitcoin (BTC) Forecast Amid Regulatory Clarity
According to @AltcoinGordon, crypto firm Unicoin has agreed to acquire a 51% stake in Diamond Lake Minerals to pivot towards an altcoin-based treasury strategy, aiming to replicate the success of Bitcoin (BTC) treasuries with emerging tokens. This move comes as Unicoin and its CEO, Alex Konanykhin, contest a lawsuit from the U.S. SEC alleging securities fraud, charges which Konanykhin has dismissed as "blatantly false." Separately, a Coinbase Research report projects a constructive outlook for crypto markets in the second half of 2025, citing a stronger macroeconomic backdrop with the Atlanta Fed’s GDPNow tracker at 3.8% and expectations of Federal Reserve rate cuts. The report suggests Bitcoin (BTC) is poised to benefit from these tailwinds and increasing corporate adoption, while altcoins may lag without specific catalysts like ETF approvals. Key regulatory developments, including the GENIUS and CLARITY Acts and over 80 pending crypto ETF applications, are expected to provide greater market structure and clarity, with some SEC decisions anticipated as early as July. |
2025-07-01 03:34 |
Unicoin to Launch Altcoin Treasury Strategy Amid SEC Lawsuit; Polygon (MATIC) Undergoes Major Revamp, Pivoting to AggLayer
According to @AltcoinGordon, crypto firm Unicoin has agreed to acquire a 51% stake in Diamond Lake Minerals to establish an altcoin-focused corporate treasury, a strategy inspired by MicroStrategy's Bitcoin (BTC) holdings. This move is complicated by an active SEC lawsuit against Unicoin for alleged securities fraud, which CEO Alex Konanykhin denies, presenting a significant risk for investors. In another major development, Polygon (MATIC) is undergoing a strategic overhaul with co-founder Sandeep Nailwal becoming CEO of the Polygon Foundation. The foundation is retiring its zkEVM network to focus on AggLayer, a new cross-chain liquidity protocol, aiming to reclaim a leading position in Web3. Additionally, Bitcoin Core developers plan to significantly increase the OP_RETURN data limit in the upcoming version 30 release, a move that could foster more data-heavy applications on the Bitcoin network. |
2025-06-30 13:32 |
Ripple (XRP) Ends SEC Lawsuit After Judge Rejects Second Settlement Attempt, Accepts Original Penalty
According to @AggrNews, the long-standing legal battle between Ripple and the SEC is concluding after New York Judge Analisa Torres rejected a joint settlement proposal for the second time. The judge refused to lower Ripple's penalty to $50 million and, more importantly, remove a permanent injunction, stating there was a 'reasonable probability' Ripple would continue violating securities laws. Following the ruling, Ripple CEO Brad Garlinghouse announced the company will drop its cross-appeal, thereby accepting the original court-imposed $125 million penalty and leaving the permanent injunction in place. This move effectively ends the litigation. The price of XRP reacted with a modest 1.4% climb on the news, trading around $2.19. |
2025-06-30 12:58 |
Unicoin Buys Majority Stake for Altcoin Treasury Strategy Amid SEC Lawsuit; Ric Edelman Recommends 40% Crypto Allocation
According to @rovercrc, crypto firm Unicoin has agreed to acquire a 51% stake in Diamond Lake Minerals to launch an altcoin-focused treasury strategy, inspired by MicroStrategy's Bitcoin (BTC) approach but targeting emerging altcoins. Unicoin CEO Alex Konanykhin stated the goal is to replicate Bitcoin's success at a fraction of the cost. This move occurs as Unicoin and its executives face an SEC lawsuit for alleged securities fraud, a significant risk factor for traders, which the CEO dismisses as false. Separately, prominent financial advisor Ric Edelman has made a notably bullish call, advising investors to consider allocating up to 40% of their wealth to cryptocurrency. Edelman cites a "massive change" in the industry, including improved regulatory clarity and political support, which he believes has made crypto a "mainstream asset." For investors with lower risk tolerance, he suggests a more conservative 10% allocation. |
2025-06-29 20:48 |
Ripple (XRP) Settlement Rejected by Judge, Creating Uncertainty as Trump's Crypto Ties Deepen Amid Stablecoin Bill Progress
According to @FoxNews, New York District Judge Analisa Torres has rejected a joint request from the SEC and Ripple Labs to modify a final judgment, which would have lowered Ripple's penalty and removed a permanent injunction. The source states the judge found the parties did not show 'exceptional circumstances' to warrant the change, noting a 'reasonable probability' that Ripple would continue violating federal securities laws. This development maintains legal uncertainty for Ripple (XRP), which is currently trading at $2.2061, up 0.929% over 24 hours. In separate news, the U.S. Senate has passed a stablecoin regulation bill, a potentially bullish event for the crypto market. Concurrently, reports indicate President Trump and his family have reduced their stake in a crypto firm with its own stablecoin, World Liberty Financial, raising conflict of interest concerns but also highlighting the growing intersection of crypto and U.S. politics. |
2025-05-21 16:58 |
SEC Takes Action Against Crypto Scammers Imitating Uniswap: Key Trading Insights for UNI Holders
According to Hayden Adams, the current SEC has filed a lawsuit against scammers advertising on New York City taxis, who were attempting to mislead investors by using a logo and ticker similar to Uniswap. This contrasts with the previous SEC's investigation into Uniswap itself, highlighting a shift in regulatory focus. For traders, this development signals stronger enforcement against deceptive practices, potentially reducing fraudulent threats in the DeFi space and fostering a more secure environment for legitimate projects like Uniswap (source: @haydenzadams on Twitter, May 21, 2025). |