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Crypto Legal Issuesin Cryptocurrency
5 hours ago

Crypto markets show volatility with Ripple's bullish SEC deal sparking XRP rally hopes, while Trump's $57M gain and SharpLink's $463M ETH bet highlight big moves. Meanwhile, $1.5B remains trapped in failed firms like FTX, underscoring risks. Sentiment: neutral

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Trump’s $57m windfall, Ripple’s SEC deal, and SharpLink’s $463m ETH Bet | Weekly Recap
positiveCryptocurrency
Last week was a big one for crypto, with headlines ranging from Donald Trump cashing in $57 million from his NFT venture to Ripple finally nearing the end of its marathon legal battle with the SEC. Meanwhile, SharpLink Gaming made waves by converting a staggering $463 million into Ethereum, signaling major institutional confidence. Throw in Cardano’s founder pitching a new treasury idea, and it’s clear the crypto world is buzzing with both high-stakes deals and regulatory breakthroughs.
Editor’s Note: Whether you’re into politics, finance, or tech, these moves show crypto isn’t just surviving—it’s thriving in unexpected ways. Trump’s windfall proves even skeptics are profiting, Ripple’s settlement hints at clearer rules ahead, and SharpLink’s bet screams institutional faith. For anyone tracking digital assets, this week was a reminder that the space is maturing fast—with real money and real consequences.
Chart of the week: XRP rally to $7 likely with Ripple’s bullish announcements?
neutralCryptocurrency
Ripple’s ongoing legal tussle with the SEC might be nearing a resolution, with rumors of a $50 million settlement in the works. Meanwhile, buzz is building around companies looking to scoop up XRP as a treasury asset, sparking debate among analysts. Some see this as a potential setup for a price surge—maybe even to $7—while others suspect it could just be a short-term play to lure hesitant traders.
Editor’s Note: If Ripple settles its lawsuit, it could remove a huge cloud of uncertainty hanging over XRP, which might boost investor confidence. But crypto markets are notoriously volatile, and not everyone’s convinced this isn’t just hype. Whether you’re holding XRP or just watching, this could be a pivotal moment for one of crypto’s most talked-about assets.
$1.5B in Crypto Still Sits in the Ruins of Firms Like FTX, Terraform, Celsius, and Blockfi
negativeCryptocurrency
Despite the high-profile collapses of major crypto firms like FTX, Terraform, Celsius, and BlockFi, a staggering $1.5 billion in digital assets remains locked in their wreckage. These funds are essentially stuck in limbo—unclaimed, frozen, or tied up in legal battles—leaving investors and creditors waiting for answers. It’s a messy reminder of how chaotic the crypto meltdowns were and how slow the cleanup has been.
Editor’s Note: This isn’t just about lost money—it’s about trust. The fact that billions are still stranded years after these firms imploded shows how tangled the fallout really is. For everyday investors who got burned, it’s a frustrating reality check: even in the fast-moving world of crypto, recovering funds can take forever. And for the broader market, it’s another red flag about the risks lurking in poorly regulated corners of finance.
10 red flags a crypto platform is a scam—and how to protect your money
negativeCryptocurrency
If you're dabbling in crypto, this is a must-read. The article breaks down 10 obvious (and not-so-obvious) warning signs that a platform might be scamming you—like too-good-to-be-true returns or shady team credentials. It also gives practical tips to avoid losing your cash, because let’s face it, crypto scams are everywhere these days.
Editor’s Note: Crypto’s wild west reputation isn’t going away, and scams are getting sneakier. This isn’t just about "being careful"—it’s a survival guide for anyone who doesn’t want to wake up to an empty wallet. With more people jumping into crypto, these red flags could save someone from a nasty financial hit.
Crypto market maker Gotbit and founder sentenced for fraud, manipulation
negativeCryptocurrency
A major crypto market maker, Gotbit Consulting, and its young founder Aleksei Andriunin just got slapped with legal consequences for rigging trading volumes. The company was hit with federal charges after a years-long scheme to manipulate digital asset markets, and Andriunin is now facing eight months behind bars plus a year of supervised release.
Shaquille O’Neal to Pay $1.8M in Settlement Over FTX Promotion Lawsuit
negativeCryptocurrency
Basketball legend Shaquille O’Neal has agreed to pay $1.8 million to settle a lawsuit tied to his promotion of the failed cryptocurrency exchange FTX. Investors claimed his ads—alongside other celebrities—misled them into trusting the platform, which collapsed in 2022 amid fraud allegations against its founder. Shaq neither admits nor denies wrongdoing in the settlement.
Editor’s Note: This isn’t just about Shaq cutting a check—it’s part of a bigger reckoning for celebs who cashed in on crypto hype without vetting the companies they endorsed. With FTX’s meltdown wiping out billions, these lawsuits are a warning shot: fame doesn’t shield you if fans lose money based on your stamp of approval. Expect more scrutiny (and settlements) as regulators clean up crypto’s wild west era.

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