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- SEC sues Unicoin for $100M fraud, alleging overstated real estate collateral and misrepresentation of token risks. - Unicoin denies claims, accuses SEC of selective quoting and politicized enforcement, citing NYSE listing interference. - Case tests crypto regulation's balance between investor protection and innovation, with potential precedents for asset-backed token disclosures. - Legal experts warn outcome could reshape compliance strategies, emphasizing transparency, documented intent, and proactive r
- LUMIA surged 239.73% in 24 hours on Aug 30, 2025, closing at $0.29 after a 833.33% 7-day rally. - The spike was driven by increased liquidity and speculative trading, despite no major partnerships or product updates. - Technical indicators show bullish breakouts with RSI in overbought territory, though analysts warn of potential corrections. - Year-to-date losses of 7727.96% and a 354.84% monthly decline highlight persistent long-term bearish trends.
- 05:12Whether the U.S. Supreme Court will accept and when it will hear the "Trump Tariff Case" is crucial.Jinse Finance reported that the U.S. Court of Appeals has provided a buffer period arrangement in the Trump tariff ruling. These additional tariff measures can remain in effect until October 14, allowing the U.S. government to appeal to the Supreme Court. This means that before the Supreme Court makes a final decision, the relevant tariff measures will continue to impact trade partners. Whether the U.S. Supreme Court will accept the case, as well as the possible timeline for the hearing, will be key factors in determining the ultimate fate of these tariff measures. (Golden Ten Data)
- 05:07The prospect of a Fed rate cut in September remains unchanged, with a busy market expected next week.ChainCatcher news, according to Jinse Finance, after the release of the PCE data, the Federal Reserve is still expected to cut interest rates at the September 16-17 meeting. Michael Lorizio, head of US rate trading at Manulife Investment Management, stated that the inflation component will not affect the probability of a rate cut in September. Long-term bond yields rose on Friday as traders closed positions ahead of the long weekend, and the corporate bond market is expected to recover next week. Employment data for August will also be released next Friday, which may be a key factor in determining the Federal Reserve's near-term policy.
- 05:07IREN to pay $20 million to NYDIG to resolve dispute over defaulted bitcoin mining equipment loanJinse Finance reported that Nasdaq-listed Bitcoin mining company IREN stated in its annual report that it will pay $20 million to NYDIG to resolve a long-standing dispute arising from defaults on Bitcoin mining equipment loans. The settlement agreement was first reached in August. IREN was involved in a debt default at the end of 2022, owing $107.8 million, including interest and late fees. These loans were arranged through NYDIG in 2021 to finance approximately 35,000 Antminer S19 miners. IREN stated that the settlement agreement ends all related litigation and protects its affiliates, executives, and shareholders from further claims, and is currently awaiting court approval for formal closure.