Alexander Mashinsky, former CEO of Celsius Network, has filed a motion to challenge his fraud conviction by highlighting recent developments in the SEC's handling of the Gemini Earn case and improving creditor recoveries from Celsius's bankruptcy. He argues that a $500 million settlement with a Celsius counterparty and projected creditor distributions exceeding initial claims by 20% weaken the narrative of permanent losses used in his prosecution. Mashinsky also points out that Gemini Earn, a similar crypto lending product, faced only civil penalties while Celsius executives were criminally prosecuted, suggesting selective enforcement. However, legal distinctions between the cases and the difficulty of post-conviction challenges mean his motion is unlikely to overturn his conviction but underscores ongoing debates about regulatory responses to crypto failures.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
