Crypto News

Former NBA Star Shaquille O’Neal Agrees to Pay $1.8M to Settle FTX Suit

The agreement marks one of the first major financial settlements against celebrities who promoted FTX before its spectacular collapse.Source link

XRP Moves Into High Gear With Bitgo as Institutional DeFi Race Accelerates

Bitgo has expanded XRP-related DeFi access by adding custody support for Flare and Songbird. The move enables institutions to securely store assets connected to the XRP ecosystem, with staking support planned. Bitgo Lights up Flare Support— XRP Institutions Get DeFi Infrastructure Digital asset infrastructure and custodian provider Bitgo announced on June 12 the addition ofSource link

SEC Adds Dogecoin, Hedera ETFs to Growing List of Delayed Decisions

The SEC has delayed decisions on crypto ETF proposals, including Dogecoin and HBAR, while seeking further public input.Source link

Asia Morning Briefing: Could 3AC and Terraform be Blamed for Singapore’s Crackdown on Offshore Crypto Firms?

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.As Asia begins its trading day, all major cryptocurrencies are down due to market uncertainty as a result of an Israeli attack on Iran.Early Friday Hong Kong time, Israel's military conducted multiple airstrikes against Iranian nuclear facilities, sending the price of BTC and ETH plunging.Despite this recent volatility, ETH is still up nearly 40% over the last three months, according to CoinMarketCap, beating the CoinDesk 20 index and bitcoin BTC.One theme that market observers are tracking is investors'...

FSB Chief: Crypto Nears Tipping Point in Financial System Integration

Global financial stability faces a pivotal moment as crypto’s deepening ties with traditional finance drive urgent calls for regulatory overhaul. FSB Chair Warns of Crypto’s Systemic Risk, Demands Swift Global Action Financial Stability Board (FSB) Chair Klaas Knot sounded a warning on the expanding systemic implications of crypto assets during a keynote address at aSource link