The Algorand Foundation laid off 25% of its workforce amid market uncertainty, coinciding with SEC guidance classifying ALGO as a digital commodity rather than a security. The foundation frames the cut as a strategic move for long-term sustainability.
Cryptocurrency markets plunged over 9% in 24 hours, with Bitcoin falling below $43K and Ethereum losing 10.3%. The selloff mirrors global equity declines sparked by Evergrande crisis and U.S. debt ceiling concerns.
The global cryptocurrency market cap lost over 9% in 24 hours, falling below $2 trillion. Bitcoin dropped to $42,660, Ethereum slid below $3,200, and XRP led losses with a 13.8% decline. Panic was fueled by China Evergrande's default risks and U.S. debt ceiling concerns.
Oregon has filed a sweeping lawsuit against Coinbase, alleging the exchange enabled trading in 31 crypto tokens deemed unregistered securities, including XRP, ADA, SOL, LINK, and UNI.
Oregon accuses Coinbase of facilitating the trade of 31 unregistered securities, including XRP, ADA, and SOL, in a sweeping state lawsuit that contrasts sharply with the SEC’s recent dismissal of federal cases against Coinbase and Ripple.
Oregon has filed a sweeping lawsuit against Coinbase, alleging the exchange enabled trading in 31 crypto tokens, including XRP, that the state considers unregistered securities, reigniting debate over fragmented U.S. crypto regulation.
Japan’s JVCEA Green List now covers more than 30 tokens recognized by the FSA, helping compliant exchanges speed up listings while broader reforms move crypto closer to mainstream financial regulation.
Bittrex has filed for Chapter 11 bankruptcy protection in Delaware after an SEC lawsuit, disclosing more than 100,000 creditors and liabilities estimated between $500 million and $1 billion.
