Celsius co-founders Shlomi Daniel Leon and Hanoch Goldstein will pay a combined $6.5 million to settle Federal Trade Commission charges accusing them of falsely promoting the safety and availability of customer deposits. This follows former CEO Alex Mashinsky's $10 million settlement, bringing total payments from the three founders to $16.5 million. The FTC alleged Celsius misled customers about reserves, insurance, and lending practices before its 2022 bankruptcy. The settlements include bans on marketing crypto products and restrictions on business activities to prevent future misleading claims.
Ondo Finance has introduced an in-kind conversion route allowing approved institutions to directly convert existing shares into Ondo Stocks tokens via Alpaca’s Instant Tokenization Network on Ethereum and BNB Chain. This new process eliminates the ne...
Capricor Therapeutics faces a class action lawsuit alleging it made false statements about the progress of its drug deramiocel towards FDA approval. The lawsuit claims the company misled investors by promoting positive trial results while knowing of ...
Alibaba announced its new AI chip, the Zhenwu V900, which offers three times the performance of its predecessor, and plans to expand its global data center capacity to over 20 gigawatts by 2032. This move aims to strengthen Alibaba Cloud's position i...
SEI token surged over 25% to $0.06285 after breaking the $0.052 resistance, driven by a 289% spike in daily volume to $203.44 million, signaling strong market participation. Canary Capital's proposed ETF plans to stake 90% of its SEI holdings, potent...
Trueo announced plans to migrate its prediction market protocol from the Base Layer 2 to the Ethereum mainnet, citing Ethereum's better liquidity, integration, and long-term infrastructure. Existing Base markets will remain operational until their ex...
