CoinDesk

Three celebrity promoters of the failed FTX cryptocurrency exchange have chosen to settle a case in which they were accused of aiding in the deception of investors.

Luno and PayPal have decided to suspend certain crypto operations in the country in anticipation of new regulations that will come into effect next month.

While the market may appear dull, the onchain data suggests that the bulls are gaining momentum.

According to a recent filing, if the proposed deal is approved by the creditor groups, Gemini Earn users could recover approximately 95-110% of their claims.

U.S. District Judge Edgardo Ramos has ordered the forfeiture of $300 million in a Ponzi scheme case. This amount is approximately what the defendant, Greenwood, had gained from the scheme.

According to Coinglass data, this week's quick plunge and rebound in cryptocurrency prices led to $256 million in liquidation losses.

The U.S. government is set to release its latest official inflation data on Wednesday morning.

Amid dwindling trading volumes and a dried-up crypto venture capital landscape, concerns arise over the impact of $3 billion FTX liquidations on the crypto market. The move comes as FTX collapsed last November, leaving a void in the crypto derivatives market.

Despite a turbulent year, bitcoin has proven to be a reliable hedge against inflation and is being owned by a number of Liberal MPs.

Alex Mashinsky, the founder of Celsius Network, was arrested in June on allegations of misleading investors and manipulating tokens. He is also facing parallel actions from multiple regulators.