Gemini was one of the many crypto businesses that were significantly impacted by the turmoil that rocked the industry following the collapse of FTX.
Swiss authorities reportedly froze the funds at the request of the U.S. Securities and Exchange Commission (SEC) and the New York Federal Prosecutor's Office.
Binance immediately responded to the news and claimed that it was in communication with the Belgian regulator and was saddened by the recent development.
FTX Debtors led by CEO John Ray III plan to execute the sales process sometime in Q3 to Q4 of this year and will select a "stalking-horse bidder."
But while many anticipated that the major development may have triggered a price surge on XRP, there was no significant impact on its value.
The resurgence of the crypto market this week is reportedly due to "exposure from many new entrants pouring into the crypto space like it's 2021 all over again," a blockchain analytics firm claimed.
MicroStrategy has always been bullish toward Bitcoin, especially its co-founder and current executive chairman Michael Saylor who is not only a Bitcoin maximalist but also a BTC evangelist.
Lawsuits by the SEC against Binance and Coinbase have birthed speculations within the crypto community
Kusama also teased another major initiative launching either "alongside" or "right before" the official rollout of the layer-2 scalability solution.
Powell's latest remarks on the stablecoin draft bill underline his position on the crypto asset class, which runs in contrast to that of SEC chair Gary Gensler.
While the SEC has rejected proposals in the past, with BlackRock leading the charge, industry watchers are optimistic the financial watchdog might change its mind this time.
EDX Markets' launch earned a wide range of reactions from the crypto community on Twitter and impacted the value of Bitcoin, the largest crypto asset by market capitalization
Aside from its market share that is slowly shrinking, the exchange is facing the uncertain regulatory environment in the U.S., the lawsuit filed by the U.S. SEC, a loan that needs to be paid, and a possible breakup with a banking partner.
Deutsche Bank is a global player in the banking industry managing approximately $1.3 billion in assets as per data from S&P Global.
The U.S. SEC had attempted to prevent the documents from being made public.
Despite the approval of their bail proposal, the Montenegro High Court ordered Do Kwon and Han Chang-joon to remain in custody for six months even before the court ruled on their document forgery case.
The unexpected price surge resulted in 18.58 trillion SHIB tokens moving into profitable territory, representing 40.9% of the total circulating supply of profitable Shiba Inu.
High-profile personalities in the cryptocurrency industry like Binance CEO Changpeng Zhao and Tron's Justin Sun pledged $50,000 and $10,000, respectively, to the volunteer on-chain sleuth's legal defense.
Ripple Labs has been fighting the financial watchdog in court for years long before the crypto industry crackdown.
The crypto executive issued the warning over the weekend, suggesting that in case of an economic collapse, operating system access of top tech companies could work against crypto holders.
Contrary to the FUD (fears, uncertainties, doubts) making rounds online claiming that Musk does not own any Dogecoin wallet, the tech billionaire said otherwise a few years ago.
"If you are punished with a counterfeit passport, only me will receive it," Kwon reportedly said.
"This fight has damaged our business and our reputation but not our fighting spirit or our resolve to defend ourselves against unwarranted charges and 'regulation by enforcement' tactics that do not belong in our system of justice," the exchange said.
Kwon is also embroiled in Montenegro's politics after he admitted through a letter to the prime minister and justice department of the country that he financially supported the political party Europe Now.
The world's largest CEX by trading volume announced the shut down of its operation in the Netherlands on Friday
"The IRL component will also open doors to exciting collaborations with brands, influencers, and organizations that align with our values and mission," said Lucie, the Shiba Ecosystem official content specialist.
"The Shares have been designed to remove the obstacles represented by the complexities and operational burdens involved in a direct investment in Bitcoin," the Blackrock's application read.
While the court has yet to rule on Celsius' proposal, it is already being met with opposition.
Kwon will have to wait for six months in custody as the Montenegro court decides on the request of South Korea for his extradition.
Shibacals is a groundbreaking service that allows users to produce premium-quality items, combining the virtual world of Shiba Inu with physical assets.
