Crypto Weekly Roundup: Mt. Gox Delays Repayment, Binance Battles Lawsuits and More
By: Eva Baxter
- Japanese Crypto Exchange Faces Liquidity Crisis: JPEX, a Japan-based crypto exchange, discontinues interest reward feature amid concerns over liquidity following complaints from Hong Kong authorities.
- NFL Star and YouTube Influencers Settle Crypto Lawsuit: A lawsuit involving NFL star Trevor Lawrence and YouTube influencers over a failed crypto exchange endorsement has been settled.
- Scroll zkEVM Launch & Ethereum Surges: The Scroll project, an Ethereum layer-2 scaling solution, is set to launch soon amidst potential surges in Ethereum price.
- Bitcoin Holds $27,000 Mark: Despite a volatile week, Bitcoin sustains the $27,000 level amidst potential impacts from US Federal Reserve decisions.
- SEC Accuses Binance US of Non-compliance: The US SEC and Binance.US are escalating their legal discord with SEC accusing the latter of non-cooperation in an ongoing investigation.
- Mt. Gox Extends Repayment Deadline: Nobuaki Kobayashi, rehabilitation trustee of the defunct crypto exchange Mt. Gox, extends the repayment deadline to October 2024.
- Binance CEO Corrects $250M Loan Reports: Binance CEO, Changpeng Zhao, specifies it was he who lent $250M to BAM Management rather than the reverse as media reports suggested.
