United States regulators have secured over $19 billion in lawsuit settlements from cryptocurrency companies in 2024, representing nearly two-thirds of all settlements to date.
An October 9 report from CoinGecko revealed that the bankrupt crypto exchange FTX and its affiliated trading firm Alameda accounted for the majority of these settlements, paying $12.7 billion to the Commodity Futures Trading Commission (CFTC) in an August agreement.
Across eight settlements in 2024, regulators collected 78% more than in 2023, when $10.87 billion was paid. This marks a staggering 8,327% increase in settlement values compared to 2022.
The past two years have seen more settlements with regulators than all previous years combined.
The total settlement amounts included forfeiture, disgorgement, civil penalties, and prejudgment interest but excluded individual lawsuits against executives. According to CoinGecko research analyst Lim Yu Qian, the collapse of Celsius and Terraform Labs in mid-2022 were “key events” that shifted the market from a crypto bull run to a bear market, ultimately leading to FTX’s collapse and increased regulatory scrutiny in the U.S.
Terraform Labs reached the second-highest settlement in 2024, paying $4.47 billion to the Securities and Exchange Commission (SEC) over the collapse of the algorithmic stablecoin TerraUSD (UST). Genesis followed with a $2 billion settlement with the Office of the Attorney General (OAG) after filing for Chapter 11 bankruptcy in early 2023.
Regulator activity has intensified over the last two years, and Qian anticipates more settlements before the end of 2024. She stated, “Even with a few months left in the year, 2024 has already recorded a 78.9% increase in settlement value compared to 2023.” She added that given regulators’ persistence, 2024 could surpass last year’s record.
One significant settlement in 2023 involved Binance, marking the only billion-dollar settlement with an operating crypto company. Binance and its former CEO, Changpeng “CZ” Zhao, agreed to plead guilty to charges related to Anti-Money Laundering violations to resolve lawsuits with the Department of Justice (DOJ), Treasury Department, and CFTC.
Since 2019, U.S. regulators have collected approximately $31.92 billion in settlements from cryptocurrency companies.
Elect Donald could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Elect Donald (ELECDON), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days.
This is because ELECDON is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Elect Donald can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Elect Donald could become the next viral memecoin.
Elect Donald launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Elect Donald on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Elect Donald by entering its contract address – Gvoif44JE6oqAoGnuL9JTEDoN88kXSJP36vRznFf4HtL – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin) from an exchange like Coinbase, Binance, and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like ELECDON.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Former President Donald Trump is now leading Vice President Kamala Harris by 10 points on the Polymarket prediction platform, marking a significant shift from the betting odds in September.
According to the latest data from Polymarket, Trump has a 55% chance of winning the upcoming presidential election in November, compared to Harris’ 45% chance.
Trump has also gained ground in four of the six key swing states, overtaking Harris in Arizona, Georgia, Michigan, and Pennsylvania. His largest margins are in Arizona and Georgia, where the GOP candidate currently holds a comfortable lead.
While Trump has steadily gained the upper hand on Polymarket, CNBC’s Jim Cramer made a bold prediction on October 11, stating that Harris is likely to win the 2024 election.
“I don’t see how Donald Trump wins,” Cramer remarked, a prediction that quickly gained attention on social media due to the so-called “inverse Cramer effect.”
This effect is a popular notion among cryptocurrency traders, suggesting that whatever Cramer predicts, the opposite is likely to occur.
Trump’s rising odds on Polymarket come as he has made public gestures to win support from the cryptocurrency community.
On September 18, Trump made headlines by using Bitcoin (BTC) to buy burgers at a New York bar, in a move designed to appeal to crypto voters. This followed the announcement of his decentralized finance project, World Liberty Financial, which launched a native token.
The move sparked mixed reactions in the crypto community. Journalist Nic Carter argued that it could hurt Trump’s chances, particularly if the project is targeted by hackers, calling it “the juiciest DeFi target ever.”
However, some industry experts believe that the outcome of the 2024 election will have little impact on Bitcoin’s price or the broader adoption of cryptocurrencies.
Dan Tapiero, founder of 10T Holdings, recently predicted that Bitcoin would reach $100,000 regardless of who wins the presidency in November.
Ryan Salame, the former co-CEO of FTX Digital Markets, claimed that the U.S. government has unfairly targeted him due to his support for the Republican Party.
Salame made these statements during an appearance on The Tucker Carlson Show on October 10, a day after requesting a judge delay his self-surrender date by two months for medical reasons.
In his interview, Salame argued that he was unjustly charged with “campaign finance violations” for his donations to the Republican Party. He pointed out that other FTX executives, including former CEO Sam Bankman-Fried, who “helped get Biden elected,” were not charged with similar violations.
“Correct me if I’m wrong here. You have Sam Bankman-Fried, who’s in prison for a long time, but he’s not been charged with any campaign finance violations. He gave it to Democrats,” Salame said.
Although Salame has not been charged in connection with FTX’s collapse, he faces charges related to campaign finance violations after borrowing money from Alameda Research to make political contributions. Salame stated that he donated between $20 million and $30 million to Republican candidates.
Salame claimed his legal team had assured him that the borrowed funds were legal, but he was later accused of orchestrating a straw donor scheme, using company money to make contributions in others’ names.
He also questioned a second charge, which accused him of operating without a money-transmitting license.
Salame noted that Bankman-Fried had donated between $60 million and $70 million to Democratic candidates in the 2020 election but has not faced similar campaign finance charges.
Salame further alleged that federal prosecutors pressured him to plead guilty by threatening to investigate his child’s mother. He said, “They told me that if I pled guilty to these two crimes, they would not pursue my loved ones and look at anything that they had done or investigate them.”
He claimed that despite his plea deal, the government continued to pursue his family, breaking their agreement. Salame now plans to use this in an appeal, stating, “Because the government has now continued to pursue the mother of my child, despite saying that they wouldn’t if I pled guilty.”
Salame emphasized that none of Bankman-Fried’s family members have faced legal consequences and claimed the U.S. justice system prioritizes convictions over truth.
He has already spent about $6 million on legal fees.
On October 9, former Alameda Research CEO Caroline Ellison agreed to settle her case with FTX by turning over “substantially all of her assets,” according to court documents filed earlier that month.
Since falling below $2,450 on October 2, Ether (ETH) has consolidated within a narrow $100 range over the past nine days. While Bitcoin has shown more volatility, Ether’s weekly performance has seen only a 1% decline.
On the weekly chart, Ethereum has maintained a bullish stance by staying above the 200-day EMA trendline, signaling potential strength.
Now, several bullish indicators have emerged for Ethereum, suggesting that a positive breakout for the ETH/USD trading pair could be on the horizon.
Last month, Cointelegraph reported that Ethereum’s price action was forming a market fractal similar to patterns seen from May to June 2021 and March to May 2024. In both instances, Ethereum experienced a bullish breakout, and a similar outcome could unfold in the coming weeks.
As shown in the chart, Ethereum’s September gains formed a lower high, aligning with the III and IV phases of the fractal, confirming the formation of phase V. This fractal pattern closely mirrors those seen earlier in 2024, further strengthening the possibility of a bullish breakout.
Over the past week, Ether has established equal lows around $2,300, which may mark the bottom value of phase VI (the final phase). However, even a drop to $2,251 would still keep the fractal pattern intact. The potential bullish breakout could target $3,375, representing a 40% rally from its current price.
In addition to the fractal, the ETH/BTC chart may be signaling a bottom, which could favor Ethereum. Trader Tardigrade, a market analyst, points out that ETH/BTC may have formed a double bottom on the daily chart. This pattern is often a sign of a bullish reversal, with a success rate of 75-80% if it forms over a longer period.
However, this double bottom pattern is incomplete, as the price has yet to return to the resistance line of $0.041 after forming equal lows.
Another analyst, CryptoBullet, believes that ETH/USDT could dip to $2,085 before a bullish breakout. He stated, “Ideally, we should sweep those lows (Aug 5 and Sept 6) this month, completing my triple bottom fractal, and then we can finally take off.”
These analyses suggest that Ethereum may experience short-term declines but remains poised for a potential bullish breakout in the near future.
Moon Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Moon Musk (MOONMUSK), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days.
This is because MOONMUSK is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Moon Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Moon Musk could become the next viral memecoin.
Moon Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Moon Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Moon Musk by entering its contract address – 2BRtADzxBF5cjNGiT9xUNvrFX1dw4nnLdydMyXCbLJx5 – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like MOONMUSK.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Silver Pepe could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Silver Pepe (PEPESILV), a Solana memecoin launched today, is set to explode over 16,000% in price in the coming days.
This is because PEPESILV is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Silver Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Silver Pepe could become the next viral memecoin.
Silver Pepe launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Silver Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Silver Pepe by entering its contract address – GRqH7PWVKd4ei5TpZtcBQVpCRMQWry5pwak85Fe4AzED – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESILV.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Genius Trump could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Genius Trump (GENTRUMP), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because GENTRUMP is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Genius Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Genius Trump could become the next viral memecoin.
Genius Trump launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Genius Trump on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Genius Trump by entering its contract address – 7WoL22CxJmGimvL21LRc5M6v8chF9A6FK5LjqKY1bQYY – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like GENTRUMP.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Chinese Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Chinese Pepe (CHINPEPE), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because CHINPEPE is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Chinese Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Chinese Pepe could become the next viral memecoin.
Chinese Pepe launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Chinese Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Chinese Pepe by entering its contract address – E4dZabjXGnw41SXUg8rtcGjrw1763jsULNAVT4crPz7u – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like CHINPEPE.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Dumb Kamala could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Dumb Kamala (DUMBKAMA), a Solana memecoin launched today, is set to explode over 16,000% in price in the coming days.
This is because DUMBKAMA is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Dumb Kamala can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Dumb Kamala could become the next viral memecoin.
Dumb Kamala launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Dumb Kamala on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Dumb Kamala by entering its contract address – 6i8aiikUs9bsQxoR1DG5ePxFS7yFxigiMY9A33mvkPwz – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DUMBKAMA.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.