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The United States Court of Appeals for the Ninth Circuit has largely overturned a district court’s $9 million judgment in favor of Bored Ape Yacht Club creator Yuga Labs, dealing a significant blow to the NFT company’s landmark trademark victory against artist Ryder Ripps and associate Jeremy Cahen. The appeals court ruled on July 23,…

Over the past 24 hours, the cryptocurrency market capitalization has dropped by another 5.6%, dipping below $4 trillion, now standing at $3.91 trillion. The market is down today, with the large majority of the top 100 coins per market capitalization turning red. At the same time, the total crypto trading volume is at $264 billion….

Russian entities are exploiting Kyrgyzstan’s crypto infrastructure to bypass international sanctions and procure dual-use goods for use in Ukraine. Key Takeaways: Russia is using Kyrgyzstan’s fast-growing crypto sector to sidestep sanctions and acquire war-related goods. Kyrgyz-registered exchanges show ties to sanctioned entities and mimic the behavior of the banned Russian exchange Garantex. TRM Labs urges…

Two MIT-educated brothers accused of orchestrating the largest MEV bot exploitation in cryptocurrency history will face trial after a federal judge rejected their attempts to dismiss fraud and money laundering charges. Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, allegedly stole $25 million in cryptocurrency within 12 seconds by manipulating Ethereum’s MEV-Boost protocol in April 2023….

Chris Gorman, CEO of KeyCorp Bank that manages assets worth $185 billion, said that stablecoin has “a lot of promise,” making it a good solution for clients. Joining CNBC’s ‘Squawk on the Street’ to discuss KeyCorp’s operating environment, he touched down on recent US stablecoin legislation. “When you think about stablecoin, there is really a…

Brazilian securitization firm VERT has rolled out a blockchain-powered private credit platform on the XRP Ledger, debuting with a R$700 million ($130 million) issuance of an Agribusiness Receivables Certificate (CRA). Key Takeaways: VERT launched a blockchain-based credit platform on the XRP Ledger with a $130M tokenized certificate. The system enables real-time, on-chain tracking of loan…

Hong Kong will soon make it illegal to market unlicensed stablecoins to the public, as the city tightens controls ahead of the rollout of a long-anticipated regulatory framework. The move comes as authorities seek to cool market euphoria and protect retail investors from hype and fraud in the digital asset space. Eddie Yue, chief executive…

Bankrupt crypto exchange FTX has announced that it will begin its next round of cash distributions to creditors on or around September 30, 2025. The record date for eligible claimants is set for August 15. Key Takeaways: FTX will begin its next round of cash payouts to approved creditors on September 30. A $1.9 billion…

PUMP, the native token of Pump.Fun, dropped over 14% in 24 hours after founder Alon Cohen confirmed that there is no immediate token airdrop. During a live with Michael “ThreadGuy” Jerome, Alon noted that the PUMP airdrop “is not going to be taking place in the immediate future.” He added that the team will inform…

Tether is laying the groundwork for a fresh push into the US, spurred by a major shift in the country’s regulatory climate. CEO Paolo Ardoino told Bloomberg in an interview Wednesday that the company is moving ahead with its domestic strategy, following last week’s signing of landmark stablecoin legislation by US President Donald Trump. The…