Ink – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 24 Jul 2025 20:07:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Ink – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Coming Soon: Integrate $Ink Token and Inklayer 2 protocols into core products https://earlybirdsinvest.com/coming-soon-integrate-ink-token-and-inklayer-2-protocols-into-core-products/ https://earlybirdsinvest.com/coming-soon-integrate-ink-token-and-inklayer-2-protocols-into-core-products/#respond Thu, 24 Jul 2025 20:07:12 +0000 https://earlybirdsinvest.com/coming-soon-integrate-ink-token-and-inklayer-2-protocols-into-core-products/

We are excited to announce plans to introduce $INK tokens and Inklayer 2 into our existing suite of products and unlock the wave of new use cases with on-chain protocols and infrastructure. We aim to provide a seamless on-chain experience and new opportunities for our global client base.

$Ink is issued by a subsidiary of Ink Foundation, an independent entity that manages Ink Layer 2 and its ecosystem.

Tokens are designed to unify users, protocols and builders across the ink layer 2 ecosystem. $Ink Tokens will become part of the Kraken Drops program and will be broadcast to qualified, active Kraken clients and ecosystem participants.

“Our aim is to see a production-grade on-chain system that is deeply integrated into everything we offer,” said Arjun Sethi, Kraken Co-CEO.

“Including Layer-2 provides the world with a throughput, low endurance and EVM compatible environment that can be extended across the trading and payment infrastructure. The Ink Foundation standardizes the value movement not only for defi users, but for those operating in institutions, market makers and digital asset spaces.”

“Kraken supports the Ink Foundation’s efforts to coordinate the infrastructure for both Onchain and Offchain users with the same performance, security and global accessibility.”

The Ink Foundation board stated, “This is a crucial moment for the ink community and for everyone who works to embed open and authorized funds in their daily lives for the public.”

“By introducing $Ink and InkNative protocols into products that millions of users already trust, Kraken is leaping into a world where CEFI and Defi are not split. This is just the beginning of a United capital market that anyone can use. The actual work begins here and the future is ours.”

Details of these plans and $Ink Airdrop will be shared in the future as we reach the milestone.

]]> https://earlybirdsinvest.com/coming-soon-integrate-ink-token-and-inklayer-2-protocols-into-core-products/feed/ 0 49463 SEC, Ripple Ink $50M Settlement to End Long-Running Legal Battle https://earlybirdsinvest.com/sec-ripple-ink-50m-settlement-to-end-long-running-legal-battle/ https://earlybirdsinvest.com/sec-ripple-ink-50m-settlement-to-end-long-running-legal-battle/#respond Fri, 09 May 2025 08:58:26 +0000 https://earlybirdsinvest.com/sec-ripple-ink-50m-settlement-to-end-long-running-legal-battle/

Almost two months after Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) had abandoned its appeal against the company, the two parties have agreed to a $50 million settlement, signaling the end to their multi-year legal standoff.

The agreement, submitted to the court on May 8, represents a decisive resolution to a case that has loomed over Ripple and the broader crypto sector for years.

Key Terms of the Deal

The settlement, outlined in a joint court filing, requests that New York Judge Analisa Torres dissolve an existing injunction against Ripple and release $125 million held in escrow. Under the terms, the crypto firm will pay the SEC $50 million, a fraction of the original fine meted out by Judge Torres, with the remaining $75 million returned to it.

The deal also ensures that the regulatory agency and the payments company will drop their respective appeals, with the former abandoning its challenge and the latter withdrawing its cross-appeal.

The saga started in December 2020, when the SEC filed a lawsuit against Ripple and two of its top executives, Chris Larsen and Brad Garlinghouse, over allegations of raising more than $1.3 billion through an unregistered securities offering by selling Ripple’s native XRP token.

Ripple disputed the claim, setting off a long-running legal battle that peaked in July 2023, when Judge Torres determined that XRP was not a security when sold to retail investors but qualified as one in institutional sales.

Consequently, the company was hit with a $125 million fine in August 2024 for selling unregistered securities to institutional investors. However, the SEC threw a wrench in the works, appealing the ruling in January 2025. It argued that XRP transactions should not be treated differently between institutional and retail sales, forcing Ripple to file a counter-appeal of its own.

Following changes at the SEC, including the departure of the hard-nosed Chair Gary Gensler, reports emerged that the financial watchdog would drop its appeal. However, there was no official communication from the agency regarding the issue.

Next Steps in the Process

According to lawyer James K. Filan, Judge Torres must issue an indicative ruling approving the proposed terms before the settlement is finalized. If she does, Ripple and the SEC will then seek a limited remand from the Second Circuit Court of Appeals to formally enact the agreement.

Once approved, the injunction against the crypto firm will be lifted, the escrowed funds will be distributed, and both sides will dismiss their appeals, officially ending the legal drama.

News of the settlement triggered an immediate reaction across the crypto ecosystem. XRP’s price climbed 5.2% in the past 24 hours, reaching $2.29, though it has slightly lagged behind the broader crypto market’s 7% weekly gain. Still, the asset remains one of the strongest performers over the past year, boasting a 340% uptick.

The XRP community, which has closely followed the case, celebrated the development, with prominent pro-Ripple attorney John E. Deaton succinctly capturing the sentiment with a post on X: “It’s over.”

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]]> https://earlybirdsinvest.com/sec-ripple-ink-50m-settlement-to-end-long-running-legal-battle/feed/ 0 35224 Bitfinex now supports USDT0 with Ink and Arbitrum One https://earlybirdsinvest.com/bitfinex-now-supports-usdt0-with-ink-and-arbitrum-one/ https://earlybirdsinvest.com/bitfinex-now-supports-usdt0-with-ink-and-arbitrum-one/#respond Fri, 07 Mar 2025 11:25:00 +0000 https://earlybirdsinvest.com/bitfinex-now-supports-usdt0-with-ink-and-arbitrum-one/

06 March Bitfinex now supports USDT0 with Ink and Arbitrum One

Posted on March 6, 2025
With media releases
Maria Robsova

Road Town, Tortola, British Virgin Islands – March 6, 2025 – Bitfinex (https://www.bitfinex.com), a leading digital asset trading platform, today announced USDT0 support for deposits and withdrawals. USDT0 is an ecosystem initiative launched by the consortium using Layerzero’s OFT standard, and is an Omnichain-enabled bridge version of Tether’s USDT, managed by the USDT0 consortium designed to expand USDT utility across the blockchain. Bitfinex customers will convert USDT balance directly to USDT0 on the platform and pull it out onto a supported blockchain.

This integration starts with Layer 2 Network Ink and Arbitrum One, allowing fast and cost-effective transactions, allowing customers to seamlessly deposit USDT0 into a Bitfinex wallet or withdraw it to an external private wallet. By supporting USDT0, Bitfinex allows customers to move value across the supported chain, simplifying the bridging process. Bitfinex will now be able to convert USDT0 with a 1:1 ratio to USDT, allowing customers to easily convert between the two. Ink and Arbitrum One are the first networks in this rollout.

“We look forward to supporting USDT0 on our platform, as it aligns with our mission to make it easy for our customers to access digital assets across our diverse ecosystem,” he said. Paolo Ardoino, CTO of Bitfinex. “With USDT0, customers will have the flexibility to leverage USDT stability on a variety of blockchains that do not currently offer native USDT. This is a key step towards an improved interoperability, increased liquidity and a more comprehensive digital asset landscape.”

USDT0 deposits and withdrawals were opened at UTC on March 6, 2025 at 11am.

To access USDT0 via bitfinex, go to https://www.bitfinex.com/

Please note that USDT0 is not directly issued or redemptionable by tether.

*All users of www.bitfinex.com are subject to Bitfinex Terms of Service (“TOS”). Please note that among other prohibited persons (as defined in TOS), US people (as defined in TOS) are strictly prohibited from directly or indirectly retaining, owning or operating their www.bitfinex.com account (as defined in TOS).

What is included in this press release is not an offer to buy and sell assets, including cryptocurrency. It is also not a solicitation, recommendation or approval of a trading course. The buying and selling of cryptocurrency on Bitfinex’s platform occurs based on TOS.

The content of this press release is of a general nature and does not address your personal standards or circumstances. The information provided in this press release should not be interpreted as financial, legal or other advice. You must conduct your own research and do not rely on the content mentioned in this press release. There are risks associated with the buying and selling of assets, including cryptocurrencies. For more information, see Bitfinex’s Risk Disclosure Statement at https://www.bitfinex.com/legal/exchange/risk.

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform that provides cutting-edge services for traders and global liquidity providers. Bitfinex offers access to peer-to-peer financing, the OTC market and a wide range of digital token margin trading. Bitfinex’s strategy focuses on supporting experienced traders and liquidity providers around the world. For more information, please visit www.bitfinex.com.

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