The U.S. Commodity Futures Trading Commission (CFTC) has permanently banned Celsius Network founder Alex Mashinsky from regulated trading and registration following allegations of customer fraud in Celsius's crypto lending business. The CFTC's order concludes its first enforcement case against a digital asset lending platform operator, citing that Mashinsky and Celsius misled customers about safety and profits while engaging in risky, uncollateralized loans and decentralized finance deals. Mashinsky, already serving a 12-year prison sentence for commodities and securities fraud, still faces ongoing SEC civil charges and is challenging his sentence in court. This settlement marks a significant regulatory action in the aftermath of Celsius's 2022 collapse and bankruptcy, which was a major crypto lending failure.
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 23.4% increase in second-quarter profit from the previous quarter, surpassing analyst estimates. The company's net income reached NT$706.56 billion ($39.45 billion), a record high for the f...
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
