The United States Supreme Court has overridden Coinbase’s user agreement, granting district courts the authority to resolve sweepstakes disputes involving Dogecoin rewards.
In June 2021, Coinbase launched a Dogecoin sweepstakes promotional event, but the user agreement contained conflicting clauses about dispute resolution.
Coinbase favored arbitration for resolving financial disputes, while users preferred court intervention. Both options were separately detailed in the platform’s agreements.
On May 23, the U.S. Supreme Court ruled that state and federal courts will have exclusive jurisdiction over controversies related to Coinbase’s sweepstakes promotion.
“We conclude that a court, not an arbitrator, must decide whether the parties’ first agreement was superseded by their second.
“The Ninth Circuit’s judgment is affirmed.”
Justice Neil Gorsuch, nominated by President Donald Trump in 2017, emphasized that arbitration is a matter of contract.
He stated, “Parties (crypto exchanges and users) can agree by contract that an arbitrator, rather than a court, will resolve threshold arbitrability questions as well as underlying merits disputes.”
The Supreme Court dismissed Coinbase’s argument that the court’s approach could “invite chaos” by enabling challenges to delegation clauses.
READ MORE: Democrats Urged, But Not Forced, to Oppose Pro-Crypto Bills FIT21 and CBDC Act
“We do not believe that such chaos will follow,” the ruling added.
In the U.S., courts are not authorized to intervene in disputes when contracts exclusively contain an arbitration clause.
However, when users agree to two contracts—one directing arbitrability disputes to arbitration and the other, either explicitly or implicitly, directing them to the courts—a court must decide which contract governs.
Coinbase recently experienced a significant outage affecting its trading services on mobile and desktop applications.
On May 14, Coinbase Support’s official X account reported the outage, stating that it was investigating the issue and working on a solution. The account assured users that their funds were safe.
Cointelegraph visited the website, which displayed a “503 Service Temporarily Unavailable” error message.
According to a developer guide on Mozilla, the most common cause of this error is that the servers are down for maintenance or are overloaded.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Buterin Sucks (BUTSUCKS) presents a similar opportunity for a limited time.
Buterin Sucks (BUTSUCKS), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
BUTSUCKS will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Buterin Sucks.
Currently, Buterin Sucks can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy BUTSUCKS on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Buterin Sucks by entering its contract address – jr8okimfHEWaJpDmiZenkGWHzEr5bb53bDZf4kQvF7w – in the receiving field.
BUTSUCKS currently has a market cap of just under $12,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) 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.
Korean regulators face increasing pressure to approve cryptocurrency exchange-traded funds (ETFs) following the recent approval of spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC).
Local media reports suggest that the SEC’s decision on Ethereum could influence Seoul’s financial regulators to reconsider their approach to digital assets.
The SEC approved the creation of ETFs for Ethereum, the world’s second-largest cryptocurrency, on May 24, 2024, after previously greenlighting Bitcoin ETFs in January 2024.
ETFs are financial instruments allowing investors to gain exposure to a basket of securities. Approving crypto ETFs is seen as a significant step in integrating traditional finance with the digital asset industry.
In contrast to the U.S., the Korean Financial Services Commission (FSC) and Financial Supervisory Service (FSS) have been cautious about introducing crypto asset trading on traditional securities markets.
According to the FSC, ETFs must adhere to the Capital Markets Act, which mandates that they be linked to traditional underlying assets.
These assets include established financial instruments, securities, international currencies, and commodities, providing the foundation for financial derivatives.
READ MORE: SEC Approves Spot Ether ETFs: A Different Path from Bitcoin ETFs
The Financial Services Commission, a government agency, oversees and regulates financial institutions and markets in South Korea.
In early February, the South Korean government updated the Virtual Asset Users Protection Act.
According to the Korea Times, Xangle, a leading digital currency data provider in Seoul, criticized the ban on digital assets in the traditional securities market, calling it “outdated” and in need of revision to reflect the growing importance of digital assets in modern finance.
“Under the circumstances, the SEC’s Thursday decision on Ethereum is anticipated to press Seoul’s financial regulators to reconsider its regulations against digital assets,” noted Xangle.
Jung Eui-jung, head of the Korean Stockholders’ Alliance, emphasized the need for Seoul to follow the U.S.’s lead in approving Bitcoin and Ethereum ETFs.
He highlighted the frustration caused by the current regulatory hesitance, which extends beyond the crypto sector.
Jung warned that if Seoul regulators continue to lag while the U.S. progresses, investors might move their funds to U.S. markets.
He predicted that it is only “a matter of time for the U.S. to fully open the door for other less-traded cryptocurrencies.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
RIP DOGEY (RIPDOGEY) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
RIP DOGEY (RIPDOGEY), a new Solana memecoin that was launched today, is poised to explode over 18,000% in price in the coming days.
This is because RIPDOGEY has announced its first centralized exchange listing, which will be on KuCoin.
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, RIP DOGEY can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and RIP DOGEY could become the next viral memecoin.
RIP DOGEY launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy RIP DOGEY on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for RIP DOGEY by entering its contract address – GVZoEtPFj1fMuW2zA4Zww27Mcx1yJSobrW3hzp5hfqCe – in the receiving field.
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 RIPDOGEY.
Artificial intelligence (AI) company Rabbit has refuted some allegations made by YouTube investigator Stephen Findeisen, also known as “Coffeezilla.” Rabbit maintains that it has been open about its rebranding and transition into AI.
On May 22, Findeisen accused Rabbit of being involved in a nonfungible token (NFT) scam and attempting to cover it up.
He highlighted the company’s rebranding from Cyber Manufacture to Rabbit, which he suggested was done discreetly.
Findeisen also alleged that Jesse Lyu, Rabbit AI’s founder and CEO, failed to deliver on promises made to supporters of the Gama NFT project.
He criticized Rabbit’s new Rabbit R1 AI product as being “overhyped,” akin to the NFT project he labeled a “scam.”
In response, a Rabbit spokesperson told Cointelegraph that Rabbit and the Gama project were distinct ventures under the same umbrella.
They cited a 2023 tech media article confirming the rebranding from Cyber Manufacturing to Rabbit.
The spokesperson emphasized that most current employees joined after the rebranding, stating that over 80% of Rabbit’s staff were hired post-December 2023, a few months after the rebrand.
READ MORE: Bitcoin Surges Past $70,000 Amid Massive Short Liquidations and ETF Speculations
The spokesperson also addressed the Gama project’s conclusion, asserting:
“Jesse strongly disputes Coffeezilla’s allegations that he and the Gama team were not forthright about the open-sourcing of the project, which had the support of investors, and his shift in focus to AI hardware.”
They further noted that Lyu has a history as an entrepreneur and was involved in various projects, including Gama.
The spokesperson explained that the Gama project ended before Rabbit was founded and added, “At the end of the day, many companies do pivot.”
Regarding Findeisen’s comments on the Rabbit R1, the spokesperson said they are actively gathering feedback from users.
They noted that 10,000 users have generated over 600,000 interactions with the product in the past thirty days.
The company also mentioned that they have released updates based on user feedback and are launching new features continuously.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Buterin Sucks (BUTSUCKS) presents a similar opportunity for a limited time.
Buterin Sucks (BUTSUCKS), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
BUTSUCKS will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Buterin Sucks.
Currently, Buterin Sucks can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy BUTSUCKS on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Buterin Sucks by entering its contract address – jr8okimfHEWaJpDmiZenkGWHzEr5bb53bDZf4kQvF7w – in the receiving field.
BUTSUCKS currently has a market cap of just under $12,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) 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.
RIP DOGEY (RIPDOGEY) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
RIP DOGEY (RIPDOGEY), a new Solana memecoin that was launched today, is poised to explode over 18,000% in price in the coming days.
This is because RIPDOGEY has announced its first centralized exchange listing, which will be on KuCoin.
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, RIP DOGEY can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and RIP DOGEY could become the next viral memecoin.
RIP DOGEY launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy RIP DOGEY on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for RIP DOGEY by entering its contract address – GVZoEtPFj1fMuW2zA4Zww27Mcx1yJSobrW3hzp5hfqCe – in the receiving field.
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 RIPDOGEY.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Buterin Sucks (BUTSUCKS) presents a similar opportunity for a limited time.
Buterin Sucks (BUTSUCKS), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
BUTSUCKS will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Buterin Sucks.
Currently, Buterin Sucks can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy BUTSUCKS on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Buterin Sucks by entering its contract address – jr8okimfHEWaJpDmiZenkGWHzEr5bb53bDZf4kQvF7w – in the receiving field.
BUTSUCKS currently has a market cap of just under $12,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) 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.
On May 23, the United States Securities and Exchange Commission (SEC) approved spot Ether exchange-traded funds (ETFs), marking a notable difference from the approval of spot Bitcoin ETFs in January.
Unlike the Bitcoin ETFs, which were approved via voting by a five-member committee including SEC chief Gary Gensler, the spot Ether ETFs were approved by the SEC’s Trading and Markets Division.
The SEC greenlit the 19b-4 filings from several firms including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton.
The Commission did not provide additional comments beyond the official decision.
The official filing stated: “For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.”
While the crypto community questioned the differing approval processes, Bloomberg ETF analyst James Seyffart explained it as a routine procedure.
He noted that many approvals are typically handled in this manner and requiring an official vote for every decision would be impractical. Seyffart added, “It would have been nice to see where the political lines were drawn.”
READ MORE: Bitcoin Battles to Hold $69,000 as Analysts Eye Potential Retracement
However, some individuals remain skeptical of Seyffart’s assessment.
One user on X pointed out that a commissioner could still challenge the decision within the next 10 days, suggesting that delegated authority might be used to obscure potentially politically charged votes.
Another user on X speculated that the SEC’s decision was influenced by various factors, including political pressure, upcoming elections, and the implementation of environmental, social, and governance (ESG) rules.
A significant difference between the approval processes for the two crypto ETFs is the timeline for trading.
All 11 Bitcoin ETFs began trading the day after their approval, as they also received S-1 form clearance.
In contrast, spot Ether ETFs might take weeks or months to debut on exchanges since the ETF filers have not yet received the S-1 SEC registration.
Overall, the approval of spot Ether ETFs marks another step forward in the crypto market, albeit with procedural differences and potential political undercurrents.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Junkyard Cat (JUNKCAT) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Junkyard Cat (JUNKCAT), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.
This is because JUNKCAT has announced its first centralized exchange listing, which will be on KuCoin.
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, Junkyard Cat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Junkyard Cat could become the next viral memecoin.
Junkyard Cat launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Junkyard Cat on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Junkyard Cat by entering its contract address – 6AdCuXXoxVMzPnczLjgqC9nQSBtcXnffVvRs8JsQvHhM – in the receiving field.
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 JUNKCAT.