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A U.S. judge has overturned the fraud and market manipulation convictions of Avraham Eisenberg, the crypto trader accused of draining $110 million from the now-defunct decentralized finance protocol Mango Markets.On Friday, U.S. District Judge Arun Subramanian ruled that prosecutors failed to prove Eisenberg made false representations to the platform.He also moved to acquit Eisenberg of wire fraud charges. The investor manipulated the price of Mango’s native token MNGO with massive trades by more than 1,000% in 20 minutes before getting the protocol to allow him to borrow and withdraw $110 million in various cryptocurrencies, backed by the inflated collateral.Eisenberg’s defense argued that the platform, which operated through smart contracts, allowed anyone to transact freely and that he simply exploited a...

DDC Enterprise (DDC), an Asian food company, has announced the acquisition of 21 BTC as part of a long-term plan to incorporate the cryptocurrency into its corporate treasury.The company, led by founder and CEO Norma Chu, exchanged 254,333 class A ordinary shares for BTC, in a transaction valued at roughly $2.28 million, according to a press release.The move positions DDC among a growing cohort of public companies using BTC as a treasury asset. Two more purchases totaling 79 BTC are expected in the coming days, bringing the company's initial holdings to 100 BTC.In a shareholder letter issued last week, Chu outlined plans to accumulate up to 500 BTC within six months and aim for 5,000 BTC in three years.While companies...

Global economic uncertainties and trade policy shifts are creating ripple effects across cryptocurrency markets, with Dogecoin showing resilience despite recent downward pressure. The meme coin has formed a clear bearish channel with resistance at $0.236, though strong buying emerged at support levels, indicating investor confidence remains despite broader market concerns.Technical Analysis HighlightsDOGE experienced a significant downtrend over the 24-hour period, falling from 0.238 to 0.227, representing a range of 0.015 (6.3%).The price action formed a clear bearish channel with resistance at 0.236 and support emerging around 0.224.High-volume buying occurred during the 23:00 hour with 643M in volume—significantly above the 24-hour average.After reaching the cycle low, DOGE has established a consolidation pattern between 0.227-0.230, with decreasing volatility.In the last hour, DOGE...

Shiba Inu (SHIB) has stabilized following significant price volatility, establishing a consolidation pattern between $0.00001440 and $0.00001456. The meme token faced intense selling pressure with volume reaching 1.72 trillion during peak decline, but multiple tests of support at $0.00001440 showed strong buyer interest. Despite short-term fluctuations, blockchain data reveals remarkable holder loyalty, with over 1.13 million addresses maintaining their positions for more than a year, signaling confidence in SHIB's long-term prospects. The Shiba Inu ecosystem continues development with a significant Shibarium blockchain update focused on improving decentralization. This aligns with the team's strategy to enhance utility beyond meme status. While technical indicators show mixed signals with moderate bullish momentum but lacking strong breakout confirmation, AI predictions from platforms like Google's...

Mihailo Bjelic, one of the four co-founders of Polygon, is exiting the network.Bjelic made the announcement on X, "After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation, and wind down my day-to-day involvement with Polygon Labs," he said.With Bjelic's exit, co-founder Sandeep Nailwal becomes the last remaining member of the original founding team.Nailwal acknowledged Bjelic's contributions to the network and wished him luck for the future.The layer 2 network, which was original known as Matic, was formed by Jaynti Kanani, Sandeep Nailwal, Mihailo Bjelic and Anurag Arjun.As of writing, Polygon's POL is down 5% in the last 24 hours, trading over 23 cents.Source link