According to a motion filed this week by Bittrex’s legal eagles, the exchange wants the court to vacate the judgment and tell the SEC to hand back the $24 million penalty paid in 2023. Because, apparently, the SEC’s legal theory was about as solid as a house of cards in a hurricane.
Schwartz is careful about expressing his views, as his excitement could be wrongly interpreted as an attempt to influence the market.
it’s the plumbing, and yes, you can flush your money across borders in style.
The decentralized finance (DeFi) sector has just endured yet another multi-million-dollar breach, as if the gods themselves grew tired of applauding our cleverness and decided to remind us we are but echoes in a hall of mirrors. According to alerts from the guardians of caution, SlowMist and PeckShield, hackers managed to drain approximately $5.9 million in Ethereum, Wrapped Bitcoin (WBTC), and stablecoins from the trading protocol Trusted Volumes. And who would blame the cynics for a small, bitter smile? The stage is set, the players are greedy, and the plot writes itself with cruel precision.
On a crisp March morning in 2026, within the Hanoi offices of SSID, they drew a Memorandum of Understanding. The document bore no promise of immediate gold, but it whispered of plans, of exchanges built on schedules and rooms made for careful speech. Bithumb’s seal found its place beside SSID’s, and yet the world did not stagger at once. Only on May the seventh did the partnership emerge into the daylight, as if shyly stepping onto a veranda to see whether the neighbors approve. The signatories were Bithumb’s Lee Jae-won and SSID’s Nguyen Khac Hai, two men who, in a manner almost tragic, believed that markets might be governed by prudence no less than by flame.
The asset manager has completely replaced Aerodrome Finance (AERO) with Ethena (ENA) in its DeFi Fund, allocating 13.59% of the fund to Ethena.
Key Takeaways:
Bitcoin’s price dipped slightly to $80,945 during Asian trading, a decrease of 0.7% over the past day, but it remains up 6.9% for the week. Ether (ETH) fell more noticeably, dropping 2% to $2,326. Meanwhile, Solana experienced the biggest decline, losing 4.4% to $0.1106, despite strong gains last week that had pushed its monthly returns into double-digit territory.
Prosecutors state the illegal operation made tens of millions of dollars in profit. The trades were sent to brokerage accounts in other countries, including Russia, Israel, Panama, and Switzerland.
Key Takeaways (or, as Jeeves would say, the gist of the jolly affair):