Author: John Smith

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…

Morgan Stanley has raised its Coinbase stock price target from $250 to $258 ahead of earnings while retaining an Equal Weight rating, placing its forecast 50% above the shares’ previous $172 close. Summary Morgan Stanley increased its Coinbase target by $8 without changing its Equal Weight recommendation. Citizens JMP lowered its target to $280 from $325 but retained a Market Outperform rating. Coinbase reported second-quarter revenue of $1.22 billion, down 18.5% from a year earlier. The company has expanded derivatives and stock products while facing state challenges over prediction markets. Morgan Stanley kept its existing recommendation as part of an…

Cardano price has fallen below $0.24 after reversing its early October rally, with weakening daily momentum and an analyst’s ascending-channel warning putting $0.21 back in focus. Summary Cardano price traded near $0.236, down about 9.2% from its weekly opening price. Daily RSI fell to 48.06, while price slipped below the $0.2483 Bollinger midpoint. Ali Martinez identified $0.21 as a possible downside level following an ascending-channel rejection. Weekly Supertrend resistance stood at $0.2762, above ADA’s attempted recovery. TradingView’s Binance ADA/USDT data showed Cardano trading at $0.2359 on Oct. 9, recovering modestly after a sharp sell-off. The daily session ranged between $0.2313…

The NFL has joined New Jersey’s request for a Supreme Court review of sports event contracts. Three federal appeals courts have taken different approaches to state gaming authority. Summary New Jersey asked the Supreme Court to review a Third Circuit ruling that protected Kalshi’s sports contracts from state enforcement. The NFL’s October 8 brief supports review and argues state oversight is needed for consumer protection and game integrity. Kalshi’s response is due November 9; the justices have not agreed to hear the case or decided the merits. Federal appeals courts have split over whether CFTC oversight prevents states from applying…

Cardano founder Charles Hoskinson has challenged Ethereum co-founder Vitalik Buterin over his warning that advances in artificial intelligence could weaken quantum-resistant cryptography, arguing that existing security standards already account for decades of mathematical attacks. Summary Cardano founder Charles Hoskinson rejected Vitalik Buterin’s warning about AI threatening quantum resistant cryptographic systems. Vitalik warned that artificial intelligence could discover mathematical weaknesses in currently trusted lattice based cryptography. Hoskinson defended ML-KEM and ML-DSA, citing decades of mathematical research and established security testing against attacks. Ethereum’s proposed security roadmap favors hash based signatures as developers prepare for possible future attacks. NIST standardized lattice based…

Robinhood Crypto has announced that it is exploring a tokenized ETF product with $1.9 trillion asset manager T. Rowe Price, potentially bringing exposure to actively managed investment funds onto its Robinhood Chain blockchain. Summary Robinhood and T. Rowe Price are exploring tokenized exposure to actively managed exchange traded funds. T. Rowe Price managed approximately $1.9 trillion in assets at the end of August 2026. The proposed Stock Token would operate on Robinhood Chain, an Ethereum layer two blockchain network. Any launch requires legal reviews, issuer board approval, finalized terms, regulatory clearance, and necessary filings. Robinhood Crypto announced the discussions on…

Circle stock has slipped 0.80% to $80.19 in Thursday’s intraday trading after U.S. jobless claims came in below expectations, leaving CRCL below the $81 level as cryptocurrency prices weakened. Summary CRCL fell $0.64 during the Oct. 8 session, trading below the report’s $80.84 resistance level. U.S. initial jobless claims totaled 197,000, below the 200,000 forecast and the previous week’s revised figure. Bitcoin traded near $82,700 as CoinGlass data showed more than $400 million in crypto liquidations. Circle’s Tereina partnership will add USDC and EURC payments to existing SAP enterprise workflows. The U.S. Labor Department reported 197,000 initial unemployment benefit applications…

Digital assets have attracted around $50 billion this year as recovering ETF flows and rising futures positions have strengthened investment momentum entering the fourth quarter, according to JPMorgan analysts. Summary $50 billion in inflows puts digital assets on an annualized pace of about $66 billion. ETF flows have turned positive for 2026 following a recovery that began in August. Bitcoin futures positioning on CME has exceeded its previous peak, according to the bank. Bitcoin miners have sold a net $1.8 billion this year, with listed companies driving sales. JPMorgan analysts led by Nikolaos Panigirtzoglou said in a Wednesday report that…

Netflix has released a trailer for The Altruists, its eight-episode drama about Sam Bankman-Fried, Caroline Ellison, and the $8 billion FTX scandal, ahead of a Nov. 19 premiere. Summary All eight episodes of The Altruists will arrive on Netflix on Nov. 19. Anthony Boyle plays Bankman-Fried, while Julia Garner portrays former Alameda Research chief Caroline Ellison. The trailer follows the pair’s relationship and decisions before the collapse of their crypto businesses. Bankman-Fried is serving 25 years in prison and has requested Supreme Court review of his conviction. Netflix announced the trailer on Oct. 8, presenting the series through the relationship…