Author: John Smith

Ripple and the U.S. Securities and Exchange Commission have jointly proposed a settlement that would split a $125 million civil penalty, potentially ending one of the longest-running legal battles in the crypto industry. According to a June 12 court filing shared on X by Crypto in America host Eleanor Terrett, the two parties are asking a Manhattan federal court to dissolve a previously issued injunction and release the $125 million currently held in escrow. Under the proposal, $50 million would be paid to the SEC, while the remaining $75 million would be returned to Ripple. 🚨NEW: The @SECGov and @Ripple…

Pudgy Penguins has partnered with Lufthansa’s Miles & More program, letting users earn airline miles on Pudgy Shop purchases using PENGU or fiat just as PENGU price tests a key confluence zone. Pudgy Penguins (PENGU) has announced a partnership with Lufthansa’s Miles & More, Europe’s largest frequent flyer program, to offer new utility to its The Huddle, the Pudgy Penguins community. The collaboration enables users to earn airline miles through purchases made on the Pudgy Shop using either PENGU or fiat. The earned miles can then be redeemed with over 300 Miles & More partners for flights, travel experiences, and…

WBT, the utility token of the crypto exchange WhiteBIT, emerged as the top-performing coin today, defying the broader bearish market trend triggered by Israel’s attack on Iran earlier today. According to data from crypto.news, WhiteBIT Coin (WBT) rallied for the third straight day, hitting a new all-time high of $34.3 on June 13 afternoon Asian time. As of press time, its price has settled at $33.67 with a market cap of $4.85 billion, ranking it as the 33rd among the top 100 cryptocurrencies by market cap. WBT retained some of its past day gains as the broader crypto market was…

Around $2.96 billion worth of Bitcoin options are set to expire on Friday, June 14, potentially injecting volatility into already fragile crypto markets. According to data from Deribit, the contracts, scheduled to expire at 08:00 UTC, represent one of the largest expiries this quarter. The open interest includes nearly equal amounts of calls and puts, with a put-to-call ratio of 0.95. This suggests a slightly bullish bias, though the current spot price, hovering around $104,000, sits well below the max pain point of $107,000.  🚨 Options Expiry Alert 🚨At 08:00 UTC tomorrow, over $3.7B in crypto options are set to…

Chinese tech giant Tencent is reportedly considering an acquisition of South Korean game developer Nexon. A Bloomberg report citing unnamed sources claimed that Tencent has approached the family of Nexon’s late founder, Kim Jung-ju, to explore a potential deal. While discussions have taken place, no final terms have been agreed upon, and it remains unclear whether the talks will result in a transaction. Kim’s family, which owns a controlling stake in Nexon through investment firm NXC Corp and its affiliated unit NXMH BV, is reportedly evaluating its options.  As of June 30, the entities collectively held 44.4% of Nexon, according…

The U.S. Securities and Exchange Commission (SEC) has hit the pause button on several crypto exchange-traded fund (ETF) proposals, putting approval in doubt. According to filings published this week, the SEC is delaying its decision for three ETF proposals, including Dogecoin, Hedera, and Avalanche. The ETFs, filed respectively by Bitwise, Grayscale, and VanEck earlier this year, aim to launch spot ETFs backed directly by DOGE (DOGE),  HBAR (HBAR), or AVAX (AVAX), which would offer investors regulated access to the assets if approved. However, the SEC stated it needs more time to assess the proposals. Citing concerns around investor protection and…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto is buzzing again, and while XRP courts Wall Street with real-world deals, Little Pepe is crashing the party with meme-fueled momentum and a $200k presale debut. Suddenly, the crypto space is humming again; this time, it feels much noisier. Ripple’s XRP is creeping toward the $5 milestone, spurred on by a flurry of new deals, yet a meme newcomer called Little Pepe (LILPEPE) is stealing some of that thunder after its presale hauled in $200,000 just after launch.…

Shopify will begin letting merchants accept stablecoin payments in USDC starting later this month. The move was first reported by Fortune on June 12 and marks the company’s most extensive crypto integration to date. Select U.S. merchants will be able to accept USD Coin (USDC), a dollar-pegged stablecoin issued by crypto firm Circle, which recently completed one of the year’s largest IPOs. The pilot program will begin later this month. Shopify plans to expand stablecoin payments to all merchants across the U.S. and Europe by the end of 2025. The rollout is powered by a collaboration with Coinbase and Stripe.…

GameStop has raised the size of its planned convertible note sale to $2.25 billion from the original $1.75 billion. According to the company’s June 12 press release, the notes, which do not pay interest and are due in 2032, will be sold privately to large institutional investors. GameStop also gave buyers the option to purchase an extra $450 million worth of notes, which could bring the total to $2.7 billion. The company expects the sale to close on June 17. After fees and costs, GameStop says it will receive about $2.23 billion, or $2.68 billion if the additional notes are…

The cryptocurrency market plunged on Friday, June 13, as rising geopolitical tensions within the Center East rattled buyers.  Following information that Israel had launched a serious army operation in opposition to Iran, digital property tumbled sharply. The whole crypto market capitalization dropped 7% over the previous 24 hours to $3.3 trillion. Bitcoin (BTC) declined round 5%, buying and selling at $103,464 as of press time. Ethereum (ETH) fell 10% to $2,471, whereas Solana (SOL) dropped 11% to $141. XRP (XRP) and BNB (BNB) additionally misplaced floor, down 6% and 4% respectively. Information from CoinGlass reveals that crypto liquidations surged 125%…