🔔Breaking News! Dapper Labs, the NFT giant behind NBA Top Shot Moments, has reached a tentative settlement with investors who accused it of violating federal securities laws. 🏀

The $4M settlement, if approved, will end a nearly three-year legal battle. Investors claimed that the value of the NFTs would increase with the project's popularity, making them unregistered securities. They also accused Dapper Labs of preventing cash outs to keep value locked in.

Dapper Labs denied these claims, likening their NFTs to digital basketball cards. 🎴 The settlement would bar plaintiffs from claiming their NFTs are securities.

The company also agreed to business changes, including employee training on federal securities laws and ethical marketing, faster payments and withdrawals, and relinquishing control over its remaining FLOW tokens to ensure decentralization.

CEO Roham Gharegozlou sees this as a "great start" towards legal clarity on whether NFTs can be classified as securities. He's pushing for more regulatory clarity and legislation that consumer NFTs are not financial products.

What's your take on this? Are NFTs securities or digital collectibles? Share your thoughts below! 💭 #DapperLabs #NFTs #LegalBattle

🔮Prediction markets are buzzing! Despite Trump's conviction, Polymarket bettors are confident he'll dodge prison and possibly return to the White House. 🏛️ Meanwhile, Kalshi traders are betting against a rate cut this year.

Trump's odds of retaking the White House remain strong, with a 54% chance on Polymarket. His lead over Biden is more pronounced than polling averages. On PredictIt, Trump's contract even gained a cent post-verdict!

Legal experts agree that Trump is unlikely to face a prison sentence, and the market agrees. Polymarket bettors give a 76% probability he'll serve no time. They were also accurate predicting the sentence for former Binance CEO, CZ.

💰As for rate cuts, Kalshi and Polymarket traders aren't pricing one in, contrasting with the CME FedWatch poll. Economists are split on the Federal Reserve lowering interest rates in 2024.

What's your take on these predictions? Is the market under or overestimating Trump's comeback? Will there be a rate cut? Let's discuss! 🗣️ #PredictionMarkets #Trump #RateCut

🚀Bitcoin briefly soared past $70K, marking a week-high before settling back into its usual trading range. Despite the sideways price action, Bitfinex analysts are optimistic, hinting the correction phase could be nearing its end.🔍

Long-term holders, who were key to Bitcoin's correction from all-time highs, are now re-accumulating BTC, a first since December 2023. New BTC and ETH accumulation addresses are also on the rise, signaling bullish sentiment despite price stability.📈

However, Swissblock warns $70K and $73K levels pose significant resistance. Short-term pullbacks are seen as buying opportunities, with $67K proving to be a reliable support.🛡️

Next week could be a wild ride with key inflation data and Federal Reserve meeting on the horizon.🎢 What's your take on this? Let's chat in the comments! #Bitcoin #CryptoNews

🔥Hot off the press! Uniswap Foundation has hit the pause button on a crucial vote to upgrade its governance structure and fee mechanism. The decision, aimed at better rewarding UNI token holders, was delayed due to concerns raised by a stakeholder.🚀

While the foundation called the move “unexpected” and expressed regret, this isn't the first time a vote on the “fee switch” has been postponed. The switch would direct a small portion of protocol trading fees to token holders.🤔

Uniswap issued the UNI token in 2020 to fend off a “vampire attack” by Sushiswap. The latter was seen as more community-aligned as it was managed by a DAO and directed trading fees to token holders.👀

The “fee switch” was never activated, raising concerns about potential tax and securities law implications for UniDAO. The latest delay has sparked a debate about the treatment of token holders in DeFi protocols.🗣️

What do you think about this delay? Is it a prudent move or a setback for token holders? Let's discuss in the comments!👇 #Uniswap #DeFi #CryptoNews

🔔Big news in the #crypto world! Binance founder, Changpeng “CZ” Zhao, has reported to a federal prison in California for a four-month sentence. He pleaded guilty to violating the Bank Secrecy Act due to inadequate KYC procedures at Binance.💼

Despite the hefty $50 million fine and stepping down as Binance’s CEO, CZ's net worth remains a whopping $36.5 billion, making him the richest person to ever go to prison in the U.S.💰

Binance, on the other hand, settled its charges earlier this year with $4.3 billion in fines and an independent compliance monitor.👨‍⚖️

CZ's new home? Lompac II, a low-security prison in Santa Barbara County. Quite a contrast to the notorious facility where former FTX CEO Sam Bankman-Fried is serving a 25-year sentence.🏢

What do you think this means for the future of Binance and the crypto industry? Share your thoughts below!👇 #Binance #BlockchainNews

🔔Breaking News! MicroStrategy's founder, Michael Saylor, settles a whopping $40M tax fraud case with D.C., marking the largest-ever income tax fraud recovery in the district!🚀

Saylor was sued in 2022 for allegedly dodging income taxes for over a decade while residing in D.C. The claim? He evaded more than $25M in taxes by claiming to live elsewhere.🕵️‍♂️

Despite the controversy, Saylor maintains his innocence, stating, "Florida remains my home today, and I continue to dispute the allegation that I was ever a resident of the District of Columbia." He agreed to settle to avoid the "burdens of litigation."👨‍⚖️

Interestingly, amidst the storm, MicroStrategy's shares rose 3% in pre-market trading.💹

What's your take on this? Do you think this will impact the crypto market, considering Saylor's influence? Let's discuss below!👇 #CryptoNews #TaxFraud #MicroStrategy

🚀 Keith Gill, the mastermind behind the 2021 GameStop short squeeze, is back in action! After a 3-year hiatus, Gill returned to Reddit, posting his GME options positions worth over $179M, and guess what? The market responded with a bang! 💥

Meme tokens and related equities are riding the wave, with cat-themed tokens like TOSHI, MOG, KEYCAT, and WEN soaring up to 37%. GME, a Solana meme token, even skyrocketed over 200%! 🐱💰

GameStop shares also surged over 80%, while AMC Entertainment Holdings Inc. rose as much as 36% in premarket trading. This is the second time in less than a month that Gill's social media activity has stirred up the crypto and stock markets.

Gill's initial $53,000 investment was worth nearly $50 million at its peak, creating a rags-to-riches story that has since seeded a cult following.

What's your take on this? Are you riding the wave, or watching from the sidelines? Let's chat in the comments! #CryptoNews #GameStop #MemeTokens

🚀Australia's first spot-bitcoin ETF that holds bitcoin directly is launching on Tuesday! Monochrome Asset Management's ETF (IBTC) will start trading on the Cboe Australia exchange. This is a big leap for Aussie investors who were only able to invest in ETFs that indirectly hold bitcoin or through offshore products. 🎉

The swift approval of Monochrome's application (submitted in April) reflects Australia's drive to keep pace with global crypto trends. This move comes after the U.S. approved spot bitcoin ETFs in January and Hong Kong approved its first batch of crypto-related spot ETFs in April.

Monochrome's ETF aligns with their mission to offer secure, compliant, and straightforward pathways to participate in the crypto space. What do you think about this development? Share your thoughts below! 👇 #CryptoNews #BitcoinETF #Australia

🎉History made as Claudia Sheinbaum becomes the first woman president of Mexico! 🇲🇽 Her party's stance on crypto? A 20% tax on gains and a focus on blockchain regulation.

Sheinbaum, the former mayor of Mexico City, aligns with her predecessor's policies, but crypto didn't make the headlines in Mexico's biggest election yet. The Morena party's approach to crypto is cautious, with no comprehensive legislation proposed.

However, the party is keen on regulating blockchain for a more secure ecosystem. Will the recent crypto developments in the U.S. influence Mexico's crypto policy? Time will tell.

Mexico, being the largest market for U.S. remittances, could see crypto as a potential option. With the U.S. making strides in crypto legislation and acceptance, will Mexico follow suit?

Sheinbaum is optimistic about her relationship with the 2024 U.S. administration. What do you think this means for the future of crypto in Mexico? Share your thoughts below! 👇 #CryptoNews #MexicoElection

🔥Hot off the press! U.S President Joe Biden has vetoed a resolution to repeal the SEC's SAB 121, a controversial guidance that critics say hampers financial institutions' ability to work with crypto companies. 🏦💼

Biden's stance? He's all for consumer and investor protection. He believes the resolution would limit the SEC's ability to set "appropriate guardrails" and address future issues. 🛡️🚧

But the veto didn't go down without a fight. Earlier, banking groups and Congress members penned letters to Biden, urging him to overturn SAB 121. They argue the guidance blocks banking groups from offering crypto custody services. 📝📬

Sen. Ron Wyden, a resolution supporter, claims the guidance creates a different standard for crypto than other assets in the financial sector. 📊💱

What do you think? Is the veto a step forward or backward for the crypto industry? Let's discuss! 💬👇 #CryptoNews #SECGuidance

🚀Blockchain personalities are making waves! Starfox, part of the art/protest project UNFK, is turning heads with her unique style. Dustin Lee is gaining visibility for his Web3 marketplace DeStore, bridging physical and digital worlds. Clemente Varas and Easy Eats are making crypto fun with their quick and entertaining content.

David Quinn and Daniel Calderon are pushing boundaries with Generative Goods, creating unique physical items with digital counterparts. Meanwhile, Amanda Wick is advocating for safer workplaces in crypto, noting signs of progress.

David Bischoff and Hunter Rogers are championing TronDAO, providing financial lifelines where traditional banks fall short. Thibault Palomares and Galen are making a difference with their meme coin $USA, raising over $38 million for military vets.

Jen Wheatley is bringing her PR expertise to Disruptive, while The Pink Alliance is reimagining the metaverse with comic book culture.

Who's your favorite blockchain personality? Share in the comments! 💬 #BlockchainNews #CryptoCommunity

🚀Crypto world and Wall Street unite! They're urging President Biden to reconsider his plan to veto Congress' move to scrap a controversial SEC crypto policy.🤝

SAB 121, the policy in question, demands banks treat digital assets differently, requiring them to be kept on a bank's balance sheet. Crypto companies and bankers argue this could hinder their business operations.🏦💼

In a rare show of unity, Wall Street banks, crypto companies and even members of Congress have penned letters to Biden, asking him to reverse his decision or at least work with the SEC to rescind the policy.📝

Biden's veto threat stems from concerns that erasing the rule could limit the SEC's ability to ensure appropriate safeguards for crypto-assets in the future.⚖️🔒

The clock is ticking, with Biden having until Monday to make a final decision. What do you think he'll do? Let's discuss below!⏰👇 #CryptoNews #SECPolicy

🚨Breaking News!🚨 Uniswap Foundation has hit the pause button on a proposal upgrade vote that would've rewarded UNI token holders who staked and delegated their tokens. Why the sudden change of heart? A stakeholder raised a fresh issue that needs more scrutiny. Given the irreversible nature of the proposed upgrade, the Foundation decided it's best to postpone the vote.💡

The news has sent UNI's price down by 8.75% to $10.20. But hey, don't let this news dampen your spirits! Remember, in the world of crypto, volatility is the name of the game.🎢

What are your thoughts on this development? Do you think it's a wise move by the Uniswap Foundation? Let's get the conversation started in the comments!👇 #Uniswap #CryptoNews

🚀Sen. Ron Wyden, chairman of the Senate Finance Committee, is optimistic about the future of crypto regulation! Speaking at Consensus 2024, he applauded the House's FIT21 bill, which aims to establish a digital assets market structure.👏

However, he's not so keen on the SEC's crypto accounting standard, SAB 121, calling for a "different standard" for digital asset custody.🤔

Despite the uncertainty, Wyden remains positive, saying the momentum for crypto regulation will continue into next year. He also expressed support for stablecoins and blockchain innovations, such as portable medical records.👍

What do you think about Wyden's views? Is the FIT21 bill the right move for crypto? And what about the SEC's SAB 121? Let's discuss in the comments!💬 #CryptoNews #Blockchain #FIT21 #SAB121

🔥Hot off the press! DMM Bitcoin, a Japanese crypto exchange, got hit by a hack, losing a whopping 4,502.9 BTC ($305 million)! 😱 But don't panic, they've assured to cover the full amount stolen.

Spot buys are on hold for now, and yen withdrawals might take longer than usual. This marks the second-largest loss in the region after Coincheck's 58 billion yen hack in 2018.

What's your take on this? How can exchanges better secure assets? Let's discuss! #CryptoNews #DMMBitcoin #CryptoHack

🔥Hot off the press! Bitcoin miner Bitdeer (BTDR) has secured a whopping $100M from a private placement, with potential to hit $150M if fully exercised. 🚀

Bitdeer plans to use this cash injection to fund its data center expansion and ASIC-based mining rig development. The news sent Bitdeer's shares soaring over 4% in pre-market trading. 💰

Meanwhile, Tether, the world's largest stablecoin developer, is getting its hands dirty in the bitcoin mining business. It's agreed to purchase up to $150M worth of shares in Bitdeer. Tether's new unit is now laser-focused on investing in bitcoin mining. 🪙

What are your thoughts on Tether's move into bitcoin mining? And how will Bitdeer's expansion impact the crypto mining landscape? Let's discuss below! 👇 #CryptoNews #Bitdeer #Tether

🚀Crypto market remains steady as traders await U.S. inflation data! Bitcoin's at $68,100, a 0.4% increase in 24 hours, while the broader digital market shows less than 1% changes.📈

🎭In meme coin news, TRUMP coin took a 35% dive after Trump's guilty verdict, but rallied 50% to nearly $17. Biden-inspired Jeo Boden coin soared 20%. On Polymarket, Trump leads with 56% odds of winning the November election.🗳️

🔮Ripple CEO Brad Garlinghouse predicts more ETFs in the U.S. following a possible approval of a spot ether ETF. He sees an "inevitable" ETF tracking Ripple's XRP and products for SOL and ADA, despite regulatory speed bumps.📊

📉Binance's SHIB futures hit the $100 million mark in notional open interest, historically a contrary indicator for price pullbacks.🐕

What are your crypto predictions for the week? Let's discuss!👇 #CryptoNews #Bitcoin #Ripple #ETFs #MemeCoins

🚀Celebs are jumping on the crypto bandwagon! Caitlyn Jenner, Iggy Azalea, Trippie Redd, and Davido have all launched tokens using the Pump Fun app on Solana. Early buyers are making a killing, but not everyone's thrilled. Critics say it's a "net negative" for the industry. What's your take?👇

💰Some early traders have netted six-figure profits. For example, Davido's $DAVIDO token made early buyers nearly $470,000 worth of Solana's SOL tokens in just 11 hours. But, not all is rosy. Prices of some tokens dropped more than 99% after their online promotion.

🔍Critics argue that these celebs are just looking for a quick cash grab. They launch a token, allocate a portion of the supply to themselves, and then dump it on unsuspecting followers. Is this fair play or foul play? Let's discuss!👇

👩‍💻Despite the controversy, some meme coin developers argue that creating successful tokens takes time and effort. They suggest celebs could add value to their tokens by launching social tokens around their brand and products. Do you agree? Let's hear your thoughts!

🔥Hot off the press from Consensus 2024! Galaxy Digital CEO, Mike Novogratz, is shaking up the political landscape, advocating for crypto as a bipartisan issue.👏

Novogratz, a self-proclaimed “radical centrist”, has been lobbying in D.C., trying to bridge the political divide over crypto. He notes a recent shift in Democrats' stance on crypto, thanks to industry lobbying and endorsements from high-profile figures like former President Trump.🏛️💼

Recent legislative and regulatory advancements, including the House and Senate vote to repeal SAB121, the House passing a crypto bill, and major progress for ETH ETFs, have been happening at lightning speed.⚡️📜

Novogratz also highlights the role of crypto-focused Super PACs and high-profile figures like Coinbase founder Brian Armstrong in pushing for reforms.💪💰

What's next? Novogratz predicts a stampede of traditional finance firms entering the crypto space and the potential for crypto to exert pressure to change unfavorable rules.🚀💼

What do you think about Novogratz's views? Let's discuss in the comments!👇🗨️

🚀🔗 "Crypto is a commitment to freedom and transparency," says Robert F. Kennedy Jr. at Consensus 2024. Despite running against Trump, he applauds the former president's recent pro-crypto stance. Kennedy, an independent candidate, is all in for blockchain, vowing to regulate crypto to protect consumers from deceptive schemes.

He believes Trump's guilty verdict could boost his election prospects among the American public. His team's research shows he'd beat either Trump or Biden in a head-to-head contest. But if he dropped out, more than half of his supporters would vote for Trump.

Kennedy's pro-crypto stance delighted the crypto enthusiasts at the event. He emphasized, "Transactional freedom is as important as freedom of expression."

What are your thoughts on Kennedy's pro-crypto stance? Will this impact the election? Let's discuss! #Crypto #Election2024