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Share link:In this post: Meta and executives, including Mark Zuckerberg and Sheryl Sandberg, have reached a settlement in an $8 billion shareholder lawsuit. The Cambridge Analytica lawsuit alleged board members intentionally violated a 2012 FTC consent order, resulting in billions in losses and a $5.1M FTC fine. Terms of the settlement were not disclosed, and the deal avoids a trial where Zuckerberg was set to testify.
GameSquare raises $70M in public offering to grow its ETH holdings and target top spot among publicly listed Ethereum holders.Why GameSquare Is Betting Big on ETHEthereum Strategy Tied to Gaming and Media Vision
In Brief Ethereum surged 20%, hinting at a shift from Bitcoin to Layer-1 projects. Legislative developments may propel the crypto market past critical thresholds this year. Bitcoin's potential resistance breach could propel its value towards $135,000.
In Brief Peter Brandt forecasts an altcoin season due to a market cap surge. Bitcoin's market dominance influences capital flow towards altcoins. Experts point to historical patterns favoring potential altcoin rallies.
- 21:42ETH briefly touches $3,500According to Jinse Finance, market data shows that ETH briefly touched $3,500 and is now trading at $3,477.41, up 2.83% in the past 24 hours. The market is experiencing significant volatility, so please manage your risks accordingly.
- 21:22Trump to Open Cryptocurrency Investment to the U.S. Retirement MarketAccording to a report by Jinse Finance, citing the Financial Times, Trump is preparing to open up cryptocurrencies, gold, and private equity to the $9 trillion U.S. retirement market—a move that could fundamentally change how Americans manage their savings. According to three people familiar with the matter, Trump is expected to sign an executive order as early as this week to allow alternative investments beyond traditional stocks and bonds in 401(k) retirement plans. These investments will cover a wide range of asset classes, from digital assets to metals, as well as funds focused on corporate acquisitions, private lending, and infrastructure deals. The sources said the executive order will instruct regulators to investigate the barriers faced by professionally managed funds in including alternative investments for 401(k) savers.
- 21:02Ripple Co-founder Chris Larsen Transfers Nearly $30 Million Worth of XRP to an ExchangeAccording to Jinse Finance, Ripple co-founder Chris Larsen sent approximately $26 million worth of XRP to an exchange earlier this week through a series of transactions. This move comes as XRP approaches its all-time high of $3.4, and since the beginning of this year, Larsen has also made significant transfers to exchanges and external wallets.