Business

Court of Appeal appears unmoved by Sam Bankman-Fried’s unfair trial allegations

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NEW YORK — Former FTX CEO Sam Bankman-Fried’s chances of getting a new trial appear to be dwindling, judging by the pointed questions asked by an appeals court during a hearing in Manhattan on Tuesday. Bankman-Fried’s lawyer, Alexandra Shapiro, told the trio of Second Circuit judges that the high-profile trial was “fundamentally unfair” because her […]

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XRP Creator’s RLUSD Crosses $1 Billion Milestone

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Ripple’s stablecoin, RLUSD, has surpassed $1 billion in market capitalization less than a year after its December 2024 launch. The milestone makes RLUSD the 10th largest U.S. dollar-backed stablecoin by market capitalization, according to CoinGecko data. Issued by XRP creator Ripple, RLUSD is backed by dollar reserves and short-term US Treasuries, and is designed to

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XRP Ledger’s dual utility could make it a game-changing ETF play, experts say

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NEW YORK — The XRP Ledger’s ability to support both value transfer and real-world payments from a single platform could give it a structural advantage in the growing crypto ETF market, according to derivatives exchange Bitnomial founder and CEO Luke Hoersten. “What I think is unique about XRP and RLUSD is that you have a

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Nasdaq CEO Outlines 3 Ways Blockchain Can Fix Finance

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Adena Friedman, CEO of Nasdaq, sees blockchain reshaping the traditional financial system in three main ways: by overhauling post-trade infrastructure, freeing up trapped capital through better collateral mobility, and enabling faster, smoother payments. “There is so much capital trapped, whether in clearinghouses or clearing brokers,” Friedman said in a discussion with Ripple President Monica Long

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Toncoin falls below $2 as overall market conditions weigh on price

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TONNE$1.9431 fell sharply over the past 24 hours, falling below the key $2 level amid a broader crypto market slowdown that saw the CoinDesk 20 Index (CD20) fall 2.57%. The token fell 5.5% to $1.97, with volume up 89% above daily averages. Traders pushed TON through several support zones before finding a position near $1.92,

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SUI Plunges 9% as $116M DeFi Mining Rocks Crypto Markets

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SUI, the native token of the Sui blockchain, fell on Tuesday after breaking critical support levels and triggering a wave of technical selling. The token fell 9.2% to $2.02 as trading volume increased and recovery attempts repeatedly failed. The sell-off follows Monday’s announcement of a $116 million exploit involving decentralized finance (DeFi) protocol Balancer, which

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