FTX Users Seek to Expand Lawsuit, Claim Law Firm Was the “Backbone” of Fraud

Customers of the bankrupt FTX exchange are intensifying their class-action lawsuit against law firm Fenwick & West, alleging its complicity in FTX's fraud through improper structuring and advisory roles. New evidence from court proceedings highlights Fenwick's critical involvement in facilitating the misuse of funds.
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Crypto analyst predicts XRP set to explode 400% after new update

Crypto analyst Ali Martinez predicts XRP could surge 400% to $12.60 following a bullish breakout from a multi-year symmetrical triangle pattern, boosted by clarity in its legal status after the Ripple SEC case.
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XRP1.85%
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Solana News: SEC Greenlights LSTs, Seeker Reviews Come In

Bonk slipped following corporate treasury developments, but there’s been good news on the regulatory front.
Market Overview
Bitcoin flirted with a new all-time high as it rose above $122,000, driven by Washington's positive crypto policies and three consecutive days of spot ETF inflows.
SOL5.2%
IN14.01%
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Avalanche (AVAX) Price Rebounds Strongly: Here’s What Could Happen Next

Avalanche (AVAX) has broken out of a descending channel, showing potential for significant price gains, according to analyst Jonathan Carter. He highlights strong support near $12-$17 and anticipates targets of $30, $55, and possibly $120 if momentum continues.
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USD1 Stablecoin Expands On TRON With $23M Mint After Landmark US Law | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Tron is extending its growth momentum during this latest market phase, just weeks after going public, solidifying its position as a leader in stablecoin settlements. The network has continued to
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Crypto privacy tests limits of Trump’s deregulatory push

A version of this article appeared in our The Decentralised newsletter on August 12. Sign up here.
Donald Trump’s deregulatory blitz has its limits.
It doesn’t seem to like financial privacy, an omission that appears to have galvanised crypto devs and policy experts.
To recap: Last week,
TRUMP1.51%
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Tiny investment bank's revenue surges after Trump sons join

Donald Trump Jr. and Eric Trump (Bloomberg) — Dominari Holdings Inc. reported a 452% revenue jump in its first full quarter of results since adding Donald Trump Jr. and Eric Trump to its advisory board.
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Sunseeking Germans Face Swiss Backlash Over Alpine Holiday
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Cango focuses on Bitcoin with a major mining acquisition in Georgia

A 50-megawatt Bitcoin mining facility changes ownership in Georgia, United States: Cango Inc. acquires it for 19.5 million dollars, marking a new phase in the crypto asset infrastructure market.
What does the Cango acquisition mean for the USA mining scene?
The operation concerns a mining center a
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IN14.01%
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