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Fenwick & West, a prominent Silicon Valley law firm, has rejected allegations that it played a central role in the collapse of crypto exchange FTX, calling the claims “facile” and “flawed” in a court filing on Monday. Key Takeaways: Fenwick & West has rejected claims it enabled FTX’s collapse, calling the allegations speculative and flawed….
US-based trading platform Webull has launched crypto trading in Australia, offering access to up to 240 digital assets through a new partnership with Coinbase Prime. Key Takeaways: Webull has launched crypto trading in Australia via Coinbase Prime, offering access to 240 digital assets with a competitive 30bps spread. The move is expected to pressure local…
Institutional crypto ETF flows are back in focus after a big week. Monday saw $219m in Bitcoin ETF inflows and $444m in Ether ETF inflows, for a total of $663m. This follows weeks of redemptions and turbulence, so maybe sentiment is shifting as investors reposition. Ether ETFs were the big winner, with BlackRock’s ETHA pulling…
A senior Hong Kong regulator and a lawmaker have pulled out of this week’s Bitcoin Asia conference. Their withdrawal came after they were reportedly advised to avoid interactions with Eric Trump, son of US President Donald Trump. Eric Yip Chee-hang, executive director of the HK Securities and Futures Commission, is no longer listed as a…
The short-term Elliott Wave outlook for Gold (XAUUSD) indicates a sustained upward impulse from the July 31, 2025 low. The rally began with wave 1 peaking at 3409.4, followed by a wave 2 pullback concluding at 3311.26. This wave 2 correction formed a double three Elliott Wave pattern. Specifically, wave ((w)) declined to 3340.81, wave…
South Korean lawmakers are HODLing Bitcoin (BTC), high-cap altcoins like XRP, and meme coins like PEPE, a new report has revealed. The South Korean media outlet Energy Kyungjae reported that it had investigated some of the National Assembly committee members charged with creating new investor-friendly policies to discover what they choose to invest in. South…
Treasury Secretary Scott Bessent confirmed on Monday that interviews will begin after Labor Day to identify a successor to Federal Reserve Chair Jerome Powell, with 11 candidates under consideration. The process, overseen by President Donald Trump and his top economic aides, could be a turning point for U.S. monetary policy as the White House pushes…
Dogecoin (DOGE) just got a massive boost after a company tied to U.S. President Donald Trump reportedly dropped $50 million into what could be the biggest DOGE mining operation to date. But here’s the thing, Trump might be all in on the wrong coin. The only token that actually embodies the all-in spirit is Maxi…
Meme coin prophet Murad Mahmudov is doubling down on his claim that SPX6900 (SPX) won’t just be bigger than it is now – he thinks it will be bigger than Bitcoin (BTC). It might sound insane to market veterans, but SPX is fueled entirely by belief – culture over capital, memes over institutions. And now…
Fundstrat Chief Investment Officer Tom Lee has predicted that Ethereum will rally in the near term to $5,500, with an ambitious year-end target of $12,000. During his August 26 guest appearance on the Amitis Investing program, Lee disclosed that institutional Wall Street sentiment toward Ethereum has shifted dramatically following the U.S. Senate’s passage of the…