twist – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 02 Mar 2025 08:12:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 twist – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Justin Sun’s SEC Battle Takes a Twist: Case on Hold for Possible Deal https://earlybirdsinvest.com/justin-suns-sec-battle-takes-a-twist-case-on-hold-for-possible-deal/ https://earlybirdsinvest.com/justin-suns-sec-battle-takes-a-twist-case-on-hold-for-possible-deal/#respond Sun, 02 Mar 2025 08:12:56 +0000 https://earlybirdsinvest.com/justin-suns-sec-battle-takes-a-twist-case-on-hold-for-possible-deal/

Justin Sun, founder of Tron
TRX


$0.2330

, and the US Securities and Exchange Commission (SEC) have asked a federal court to temporarily pause their ongoing legal dispute.

The request, filed on February 26 in a Manhattan court, aims to give both sides time to discuss a possible settlement.

According to the filing, the SEC and Sun “jointly move to stay this case to allow the Parties to explore a potential resolution”. If the court approves the request, they will provide a joint status update within 60 days.

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The SEC’s lawsuit against Sun, filed in March 2023, accuses him and three of his companies—the Tron Foundation, the BitTorrent Foundation, and Rainberry Inc.—of selling unregistered securities through the Tron and BitTorrent
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$0.000000732

tokens.

The agency also claims Sun engaged in market manipulation by artificially inflating trading activity for these tokens.

Sun has pushed back against the lawsuit, arguing that the SEC does not have jurisdiction over the token sales since they primarily took place outside the US. The SEC, however, maintains that Sun frequently traveled within the country, which gives the agency the authority to take action.

This request comes as the SEC reportedly prioritizes delaying crypto-related cases that have upcoming deadlines.

Recently, Block Inc., Jack Dorsey’s online payments firm, was in talks with the New York State Department of Financial Services (NYDFS). What was the company looking to settle? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

]]> https://earlybirdsinvest.com/justin-suns-sec-battle-takes-a-twist-case-on-hold-for-possible-deal/feed/ 0 22796 Bybit vs hackers: a $1.23 billion plot twist https://earlybirdsinvest.com/bybit-vs-hackers-a-1-23-billion-plot-twist/ https://earlybirdsinvest.com/bybit-vs-hackers-a-1-23-billion-plot-twist/#respond Tue, 25 Feb 2025 01:01:20 +0000 https://earlybirdsinvest.com/bybit-vs-hackers-a-1-23-billion-plot-twist/

Plus: Robots can now figure things out… on their own

Welcome

GM. We pressed the freshest headlines, skimmed off the pulp, and left you with a tall glass of sweet market updates – drink up before it gets warm!

No, my vacation’s not over yet. I’m actually on a tiny boat in the middle of the ocean rn, wondering what’s more unpredictable – these waves or the crypto market?

Anyways, let’s get into it before I become shark food.

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🍍 Market flavor today

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🍋 News drops

This is the news that had me gasping for air like I just got wiped out by a massive wave:

🥊 Bybit fights back, recovers billions in ETH

Bybit just pulled off a major comeback, reclaiming 88% of the ETH lost in the hack (446,870 ETH worth $1.23 billion) using various funding methods. They’re also dropping a proof-of-reserves report with Merkle tree verification to prove they’ve got users covered. Tether, ChangeNOW, FixedFloat, and THORChain helped by freezing $42.89 million, cutting down the hackers’ payday.

🎭 SBF ditches Democrats, shoots for a Trump card

Sam Bankman-Fried, once a big Democratic campaign donor, is now Team Trump and Musk. He’s throwing shade at Biden’s administration while hyping up Musk’s cost-cutting dreams. Meanwhile, his parents are out there trying to score him a get-out-of-jail card.

👔 A million-dollar suit… but make it shareable

Fermion Protocol is kicking things off on Base by letting people co-own a $1M Dolce & Gabbana digital suit – because why buy alone when you can split the bill? Founded by Boson Protocol’s Justin Banon, the project is all about turning luxury goods into shared assets, so high-end fashion isn’t just for the ultra-rich. AI and blockchain will take care of the heavy lifting, so you can flex your digital wardrobe without the full price tag.

🦾 Robots are getting way too smart

Helix AI lets robots follow voice commands and pick up new objects without any extra pre-programming. Thanks to its Vision-Language-Action model, they can recognize the actions and react in real time. Figure AI already trained it on 500 hours of robot demos and even gave it auto-generated instructions, so don’t be surprised if your next coworker doesn’t need lunch breaks.

Read more on these and other stories here.

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🍌 Juicy meme

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