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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a recent letter, multiple Senate Democrats have raised concerns about a potential breach of federal ethics laws due to the US Special Envoy to the Middle East’s failure to divest from his crypto asset holdings. US Senators Question Witkoff’s Crypto Holdings On Wednesday, eight Senate Democrats, led by Senator Adam Schiff, questioned the US Special Envoy for peace missions, Steve Witkoff, about his digital asset ownership and his links to the Trump Family crypto ventures. In a letter shared by Fortune, the US lawmakers raised concerns…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The United Kingdom’s (UK) Financial Conduct Authority (FCA) has initiated a lawsuit against cryptocurrency exchange HTX, which is owned by controversial crypto investor Justin Sun, alleging violations of UK financial promotion regulations. On Wednesday, the FCA announced that it had filed civil proceedings in London’s High Court against HTX, previously known as Huobi, for allegedly breaching Britain’s financial promotions regime. According to the FCA’s website, HTX is not authorized to operate within the UK. HTX Remains On FCA’s Warning A spokesperson for the FCA told Reuters the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After two weeks of a disappointing run, Ethereum (ETH) is once again capturing institutional interest as major funds and asset managers step into the smart-contract platform. According to recent data, Bitmine Immersion Technologies purchased approximately $251 million worth of ETH, adding 63,539 tokens to its portfolio and bringing its holdings to over 3 million ETH ($13 billion). ETH’s price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Institutional Capital Flows Bolster Ethereum’s Bullish Case BlackRock’s clients have added $41.91 million in Ethereum, marking…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Hong Kong SFC has just approved the first Solana spot ETF, allowing the altcoin to join the ranks of Bitcoin and Ethereum. ChinaAMC To List First Solana Spot ETF In Hong Kong As reported by the Hong Kong Economic Times, the Securities and Futures Commission (SFC) has approved the first Solana spot exchange-traded fund (ETF) in Hong Kong. A spot ETF is an investment vehicle that allows investors to gain exposure to an underlying asset without having to directly own it. In the case of a…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Attorneys for Sean “Diddy” Combs told a US federal court they will appeal his conviction and the 50-month prison sentence handed down after his trial. They filed a formal notice of appeal on Monday and are expected to file the full appeal papers soon. Diddy: Legal Outcome And Sentence According to court filings and public records, a jury convicted Combs on two counts of transportation to engage in prostitution, while clearing him on two other charges, sex trafficking and racketeering. Judge Arun Subramanian imposed a 50-month prison…