CZ Seeks Dismissal Of “Nonsensical” $1.76B FTX Clawback Lawsuit

Former Binance CEO Changpeng ‘CZ’ Zhao has filed a motion to dismiss a lawsuit from FTX that aims to recover nearly $1.8 billion.  Sam Bankman-Fried’s FTX filed a lawsuit against its competitor Binance and CZ on 10 November 2024. The lawsuit seeks damages, accusing Binance of playing a key...
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Did The SEC Just Kill Liquid Staking? Market Reaction on Satoshi Street

When Ethereum decided to go green, it chose a proof-of-stake system, which allowed for liquid staking. The result has been magical. Liquid staking platforms like Lido Finance and Rocket Pool now command billions in total value locked (TVL). But new moves by the SEC are spooking everything. Lido Finance...
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DeFi Cheers as SEC Affirms Liquid Staking Protocols Aren’t Securities

The SEC’s Division of Corporation Finance issued a staff statement on Tuesday, declaring that properly structured liquid‑staking protocols and their receipt tokens generally do not constitute securities under U.S. law. This clarity has led to modest upticks in token prices and protocol activity. Lido’s governance token, LDO, rose by...
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