A U.S. federal judge has dismissed a class-action lawsuit targeting Magic Eden operators related to their ME token, a cross-chain loyalty and utility token launched in 2024. The dismissal's specific grounds and whether plaintiffs can amend or appeal remain unclear, leaving some legal uncertainty. If the dismissal is final, it removes active class-action risks for Magic Eden, but regulatory scrutiny from agencies like the SEC may continue. The case highlights ongoing legal challenges around digital asset classifications and marketplace liabilities in U.S. courts.
The dismissal of the ME Token lawsuit against Magic Eden provides context for digital asset developments. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 01, 2026 22:03 WIB: Of 50 major cryptocurrencies priced on Pluang, 19 rose and 30 fell today. Notable movers include DOT (Polkadot) at Rp21.100 with a 1-day change of -3.82% and typical hold time of 121 days, ZIL (Zilliqa) at Rp62 with a -3.54% change and 132 days hold time, and UNI (Uniswap) at Rp162.770 with a +2.98% change and 65 days hold time. Pluang order activity shows DOT and ZIL mostly bought, while UNI is mostly sold.
Beneficient is set to report its Q3 2026 earnings on October 5, with analysts expecting $0.97 EPS and $13.1 million in revenue. The company is involved in disputes over allegedly fraudulent debt and equity claims linked to HCLP Nominees and former CE...
Robinhood Markets is broadening its platform with new features like AI-powered Robinhood Agents, crypto perpetual futures, earnings contracts, and social investing tools. The company plans to offer 24/7 trading for select U.S. stocks and ETFs, plus e...
American Battery Technology Company secured a $100 million export license from the U.S. Department of Commerce to sell recycled battery black mass, which contains critical minerals like lithium and cobalt. The company is expanding its recycling opera...
Cal-Maine Foods reported a fiscal Q1 loss of $1.26 per share, wider than the expected loss of $0.77, with revenue falling to $539.6 million, below estimates. The 42% year-over-year sales decline was driven by lower egg prices, significantly impacting...
An analyst at Truist Financial raised Wells Fargo's price target to $95, suggesting a 20.74% upside from its current price. This optimism is driven by expected strong third-quarter earnings of $1.85 per share and $22.34 billion in revenue, surpassing...
