Moons, the native token of Reddit's r/CryptoCurrency community of over 6.5 million users, has chalked up a triple-digit percentage price gain this week. $MOON LedesmaLyllah and godbole17 report in First Mover Americas
, investment bank Berenberg said in a research report.
While a U.S. District Court last week ruled that Ripple’s XRP token is not a security in and of itself, it also said that XRP can be classified a security when used in certain transactions, the report said. “, the securitized product through which COIN offers staking rewards to retail customers, appears particularly vulnerable to being defined as a security within this context,” analysts led by Mark Palmer wrote.
Bankrupt crypto lender Celsius, its creditors and its Series B funding round shareholders have agreed on a settlement to distribute $25 million from the proceeds of the sale of GK8, with $24 million allocated for legal expenses and $1 million to be distributed amongst the group . Self-custody platform GK8 was sold to Galaxy Digital as part of Celsius’ bankruptcy proceedings, and while the exact details of the sale were not disclosed, Galaxy spokesman Michael Wursthorn
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