Coinedition
Steven Nerayoff calls for SEC Chair Gary Gensler’s immediate resignation. Nerayoff highlights Gensler’s illegal activities and unethical ties with Ripple, the CCP & ETHGate. Gensler was also accused of interfering with the US elections, specifically regarding Trump Media and Overstock.
Mt. Gox transfers 30,000 BTC valued at $2.4 billion amid price surge. Bitcoin surpasses $81,000 as Mt. Gox repayment deadline approaches. Trustees are likely preparing for creditor payouts by October 2025.
Ethereum mainnet hits $60 billion in transactions, the highest since July. Renewed interest in Ethereum’s DeFi and NFT ecosystems drives volume. Scalability upgrades are anticipated to boost Ethereum adoption further.
Over 50% of Cardano holders are back in profit, highlighting ADA’s strong recovery and investor confidence. Cardano’s derivatives market activity declines sharply, despite bullish sentiment from top traders on major exchanges. Institutional investors drive $34.26B in high-value transactions, as long-term holders show unwavering confidence in Cardano.
Coinbase and MicroStrategy surge over 18%, ranking among top-traded stocks alongside Tesla and Nvidia. Bitcoin hits $84,687, with a 5.92% daily gain and market dominance climbing to 58.31%. Crypto trading volumes skyrocket as institutional interest grows and retail investors embrace long-term holding strategies.
Tether’s WDK empowers developers to create non-custodial wallets for web, mobile, and desktop with ease. WDK’s modular design enables businesses to customize wallet features and streamline integration across platforms. Tether plans a major USDT chain swap to optimize liquidity across multiple blockchain ecosystems, including Ethereum.
CoinDesk experiences editorial turmoil after removing a critical article about Justin Sun. Top editors, including the Editor-in-Chief, are fired amid the controversy. Charles Hoskinson questions CoinDesk’s future value, suggesting it has declined due to recent editorial decisions.
SEC fines Tai Mo Shan $123M for misleading investors about TerraUSD’s stability. Tai Mo Shan violated laws by selling unregistered securities via LUNA token trades. TerraUSD collapse exposes gaps in crypto transparency and regulatory oversight needs.
Ripple’s appeal against the SEC is moving forward with key deadlines set for 2025. SEC’s response to Ripple’s case could be delayed by a potential U.S. government shutdown. Ripple remains confident despite ongoing challenges and appeals in the XRP lawsuit.
