Crypto News
Garlinghouse Says SEC to Press Judge for $2B in Fines and Penalties in Ripple Case
The U.S. Securities and Exchange Commission (SEC) is reportedly asking a New York judge to levy a $2 billion judgment against Ripple Labs, according to social media posts from the crypto company’s CEO and chief legal officer on Monday.Source link
SEC to Seek $2 Billion from Ripple Labs, Says Chief Legal Officer
Stuart Alderoty made the preemptive announcement on Twitter on Monday ahead of a court hearing.Source link
FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar
Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has significantly appreciated, with buyers now prepared to offer $0.93 on the dollar for each claim. FTX Bankruptcy Claims Now WorthSource link
FTX to Sell Shares in Claude AI Developer Anthropic for $884 Million
FTX will unload 29.4 million Anthropic shares to repay creditors.Source link
Solana, Avalanche Post Big Gains as Crypto Market Rebounds
Bitcoin is edging back toward the price discovery zone, and altcoins are poised to follow its lead—despite a subdued response from traders.Source link