The settlement finds that the doughnut house will cough up $1.6 million to put an end to a class action lawsuit that hit 161,676 people-yes, that includes the guy who works in line three at Blockbuster. Their computers were basically an open buffet for the highway, and kaboom: personal info went on a world tour.
In a joint motion filed on a random Wednesday (because why not?), the CFTC and Gemini asked a Manhattan federal court to vacate the January 2025 consent order. Because nothing says “we’re serious” like a last-minute change of heart.
The saga pivots around the lightly fragrant cat‑named token CATFI, launched on a Solana‑based decentralised exchange. Think get‑rich‑quick without the safety net of any listing checks.
Stellar, ever the dutiful protagonist, has long championed regulated asset issuance and fiat connectivity. With Soroban smart contracts now gracing its network, the platform’s original virtues meet the nouveau riche demands of institutions. But what, pray tell, does a “DTCC moment” truly signify? How does Stellar fare in this drama? And what should one observe before committing to this financial ballet? These questions, dear reader, shall be unraveled herein.
Things are a little shaky in the crypto market today. Bitcoin dipped to around $72,978 during Asian trading, which is down about 3.4% from yesterday and 6.3% for the week. It even briefly hit a low of $72,912. I’m also seeing Ether under pressure, falling 4.2% to $1,976 – it couldn’t hold above $2,000 and is down almost 8% over the last seven days. Solana, XRP, and even Dogecoin are all in the red too, down around 3-4% each.
As a researcher following this situation, it’s clear this wasn’t an easy decision for Hoffman. He’d spent years building his entire professional life, business, network, and even personal identity around Ethereum, so stepping away clearly involved a lot of consideration.
Russia is considering a ban on cryptocurrency mining in Moscow, the surrounding region, and parts of the Kursk region, potentially lasting until 2032. Evgeniy Grabchak, a deputy energy minister, stated that a government commission supports this proposal, according to TASS.
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On a random Wednesday (because why not?), Mastercard announced that its subsidiary, Mastercard Transaction Services (U.S.) LLC, got the golden ticket-er, BitLicense-from the New York State Department of Financial Services (NYDFS). This isn’t your average “we’re allowed to sell lemonade on the corner” permit. This is the crypto equivalent of getting a Michelin star, except instead of fancy food, it’s fancy financial regulations.
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