Weekly Market Wrap: Bitcoin rises past US$31,000, cryptos rally after Ripple’s win against U.S. SEC

Bitcoin rose to US$31,736 on Friday, bolstering Ethereum to above US$2,000, after the court ruled that the sale of XRP did not constitute a security. Bitcoin needs a close above US$31,000 to pave the way for US$32,500, market experts told Forkast.

• 2023-07-14
• Bitcoin ETF market capitalization investor sentiment price of Bitcoin XRP bullish market Bitcoin prices U.S. District Court financial securities Bitcoin

U.S. Judge Dismisses Lawsuit Against DeFi Startup PoolTogether

The lawsuit, filed in 2021, alleges the platform operated in a way that enabled users to evade financial regulation and scam consumers.

• 2023-06-08
• decentralized finance Joe Kent federal court system U.S. District Court PoolTogether genuine concerns

Dogecoin Investors’ Class Action Lawsuit Now Accuses Elon Musk of Insider Trading

The amended lawsuit now alleges Elon Musk has engaged in market manipulation and securities fraud related to Dogecoin.

• 2023-06-02
• Elon Musk Dogecoin DOGE Laurence Fishburne market manipulation U.S. District Court Twitter cryptocurrency

Bitcoin slips below US$27,000, XRP leads gains in top 10 cryptos

Bitcoin prices dropped below US$27,000 on Wednesday afternoon in Asia, while XRP gained the most after positive news for Ripple Labs on its lawsuit against U.S. Securities and Exchange Commission.

• 2023-05-17
• XRP Ripple Labs U.S. Securities and Exchange Commission economic data William Hinman NFT positive news Bitcoin SEC stock futures U.S. District Court

Montenegro court releases crypto entrepreneur Do Kwon on bail

A court in Montenegro agreed on Friday to release Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, on bail of 400,000 euros ($440,320), pending a trial on local charges. Do Kwon, a South Korean national, is the former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD that collapsed in May 2022 roiling cryptocurrency markets. Following his arrest in Montenegro in March, the U.S. District Court in Manhattan made public

• 2023-05-12
• Do Kwon Terraform Labs U.S. District Court South Korean national

FTX judge prohibits Bankman-Fried from accessing internet via private networks

At issue are concerns that the former FTX CEO could contact potential witnesses who may testify at his anticipated fraud trial.

• 2023-02-15
• FTX Sam Bankman-Fried Judge Kaplan virtual private networks Bankman-Fried Lewis Kaplan messaging apps U.S. District Court fraud charges federal court