Author: James Wilson

Former Celsius CEO Alex Mashinsky has agreed to a lifetime ban from the cryptocurrency, securities, and commodities industries under a New York settlement carrying up to $35 million in conditional payments. Summary The New York agreement ties $35 million in potential payments to forfeiture and prison conditions. Mashinsky must forfeit another $10 million federally or pay New York $25 million. The former Celsius chief is serving a 12-year sentence after pleading guilty to fraud. Celsius creditors received more than $3.4 billion through bankruptcy distributions by August 2026. New York Attorney General Letitia James announced the agreement on Oct. 9, resolving…

GRAM has risen 9% to $1.56 as Telegram has expanded access to Money, its non-custodial wallet for token transfers and collectible purchases. Summary Money appears inside Telegram after a user receives a transfer, according to Walt’s announcement. Users can store GRAM, send funds, and buy gifts or collectible usernames through Money. Walt offers Money top-ups alongside a separate platform supporting more than 300 digital assets. The reported rally lifted GRAM’s market capitalization to $4.12 billion and trading volume to $132.4 million. Walt announced that Telegram is extending Money beyond the selected users who previously had access, bringing the wallet to…

XRP price has slipped below its 50-day moving average near $1.43, leaving its rebound toward $1.39 facing resistance as Evernorth prepares for its delayed Nasdaq debut. Summary XRP price traded near $1.39 after falling 7.6% over seven days, according to CoinGecko. The daily chart places the 50-day moving average at $1.4336 and the 200-day at $1.2805. CoinGlass shows overhead liquidation concentrations around $1.43–$1.44 and $1.53–$1.54. Evernorth expects XRPN trading to begin Oct. 12, subject to closing conditions and Nasdaq requirements. CoinGecko recorded XRP at about $1.39 on Oct. 9, with a seven-day trading range of $1.32–$1.53. The token remained down…

Bitcoin price has recovered toward $83,000 after testing $80,400, but weakening daily momentum and a still-positive weekly breakout leave its October outlook dependent on holding the $79,600–$80,400 support zone. TradingView’s Binance BTC/USDT daily chart placed Bitcoin at $83,012 on Oct.… Source link

Ethereum price has recovered to around $2,493 after a sharp fall toward $2,400, but its daily Supertrend has turned bearish, and the 4-hour chart still shows negative money flow. Summary Ethereum price trades near $2,493 after recovering from its sharp decline toward $2,400. Daily Supertrend resistance stands at $2,764, above Ethereum’s current price. The 4-hour Bollinger midpoint at $2,569 marks the next recovery hurdle. U.S. spot Ethereum ETFs recorded $486.1 million in outflows across four trading sessions. Ethereum price struggles to recover $2,500 TradingView’s Binance ETH/USDT daily chart showed Ethereum at $2,492.98 on Oct. 9, up 0.73% for the session.…

Wells Fargo has reportedly entered talks with Kraken parent Payward over a possible arrangement that would give the U.S. banking giant access to liquidity for cryptocurrency trading. Summary Wells Fargo is discussing a deal for Kraken’s Payward to supply liquidity for crypto trading. Talks remain ongoing, and Wells Fargo or Payward may still decide against reaching an agreement. Payward separately is discussing custody, trading, payments and wealth services with U.S. banking giant BNY. Nasdaq agreed in September to invest $100 million in Payward while expanding tokenized equity cooperation. Payward Services lets banks offer crypto trading while Payward handles execution, custody,…

Sui has reported peak throughput of 40.6 million transactions per second in a live offchain test involving more than 10,000 tunnels, exceeding its July result of about 6.1 million TPS. Summary 40,614,180 TPS was recorded in offchain tunnels during the live demonstration at Sui Basecamp in Singapore. More than 10,000 tunnels supported payments, games, and chat activity, according to Sui. CertiK served as independent auditor, with a detailed review of the test data still pending. Sui’s previous AI payments work includes a partnership with Google’s Agentic Payments Protocol. Sui Foundation said the Oct. 7 demonstration tested infrastructure for rapid interactions…

A New York jury has convicted cybersecurity consultant Jonathan Spalletta of computer fraud and money laundering over two Uranium Finance attacks that drained nearly $55 million, with the money laundering count carrying up to 20 years in prison. Summary Spalletta was convicted on both counts after a six-day federal jury trial in Manhattan. Prosecutors traced the theft to two April 2021 attacks that forced Uranium Finance to close. Authorities seized about $31 million in cryptocurrency and rare collectibles tied to the stolen funds. Sentencing is set for Feb. 16, while federal investigators have provided a contact for victims. The U.S.…

House Financial Services Committee Chair French Hill has renewed his push for a permanent US crypto law, saying regulatory action falls short of legislation as the Senate faces just 22 session days after November’s elections. Summary Hill said SEC and CFTC crypto measures cannot provide the lasting framework Congress could establish. The Senate blocked CLARITY Act debate in September, with 49 votes supporting a 60-vote motion. Hill still hopes lawmakers can pass the bill during the post-election lame duck session. Seven commissioner seats remain vacant across the SEC and CFTC, according to the supplied report. Fox Business carried Hill’s comments…

Hyperliquid Labs has confirmed its registered headquarters in Singapore, where its roughly 11-person team moved in 2024, while the country’s regulator has said it is unaware of the platform being regulated in any major jurisdiction. Summary Hyperliquid Labs has confirmed Singapore as its registered headquarters and acknowledged its unregulated status. People familiar with MAS’s thinking cited decentralization as the reason it considers Hyperliquid outside its jurisdiction. MAS added Hyperliquid to its Investor Alert List on June 26, without imposing a ban. Payward has proposed regulated Hyperliquid-based markets for eligible U.S. customers, subject to approval. The Financial Times reported that Hyperliquid…