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The Federal Court of Australia Overturns Previous Adverse Ruling Against Crypto Lending Platform Block Earner

3 hours ago

On April 22nd, according to TheBlock, the Federal Court of Australia has reversed a previous unfavorable ruling against the cryptocurrency lending platform Block Earner. The court determined that its cryptocurrency-backed Earner product did not violate local financial regulations. It was ruled that Block Earner's blockchain lending product is a fixed-term loan agreement and not a regulated financial investment product that requires a license. The court not only dismissed all the charges brought by the Australian Securities and Investments Commission (ASIC) but also ordered ASIC to bear all the litigation costs of the trial and the appeal. This three-year legal dispute started in November 2022 when ASIC accused Block Earner of violating Australian financial services law. Despite this legal victory, it has been reported that Block Earner currently has no intention of relaunching the Earner product in the Australian market.
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Affected by the "Coinbase Listing" news, CLANKER briefly broke through $60

On April 23rd, according to GMGN data, due to the "Listed on Coinbase" news, the AI Agent CLANKER in the Base ecosystem briefly rose above $60 and then retreated. It is currently priced at $54, with a 24-hour gain of 43.2%.

19 minutes ago

Coinbase to List CLANKER

On April 23, Coinbase will commence providing support for CLANKER on the Base network. Trading of CLANKER is scheduled to begin on April 23, 2025, at 9:00 AM Pacific Time or later, contingent upon liquidity conditions. Once an adequate supply of the asset becomes available, the CLANKER-USD trading pair will be introduced gradually.

19 minutes ago

Stock Market Sees Intraday Gains, Crypto Stocks Lead the Way

On April 23rd, based on market data, the intraday gains of the U.S. stock market expanded. The Nasdaq rose by more than 3%, the Dow rose by 2.7%, and the S&P 500 rose by 2.67%. U.S. stock cryptocurrency stocks were among the top gainers, including: Coinbase (COIN), which increased by 9.3%; MicroStrategy (MSTR), which rose by 8.86%; MARA Holdings (MARA), which went up by 10.9%; Riot Platforms (RIOT), which increased by 13.2%; Hut 8 Corp. (HUT), which rose by 11.8%. Tesla was up by 6.16% and is scheduled to report earnings after the market closes today.

19 minutes ago

A whale borrowed coins to short ETH, selling 15,000 ETH at an average price of $1,660.

On April 23rd, based on the monitoring of LookOnChain, following an increase in the price of ETH, a whale borrowed 15,000 ETH from Aave. It then sold the ETH at an average price of $1,660 and received 24.9 million USDT in exchange.

19 minutes ago

Huobi HTX has launched DEEP and HYPER perpetual contracts, and has kicked off a contract trading party.

April 23rd. According to the official announcement, Huobi HTX launched DEEP/USDT and HYPER/USDT perpetual contracts on April 22nd, with a maximum leverage of 20 times. Meanwhile, Huobi HTX will host a DEEP/HYPER contract trading party from 23:30 on April 22nd to 23:30 on April 29th (UTC+8), with a total prize pool of up to $20,000. The event consists of: 1. New User Benefits: Users who have never traded contracts before and complete DEEP/USDT or HYPER/USDT contract trading, with a total personal trading volume ≥100 USDT, can receive $HTX worth 3 USDT (a total prize pool of 6,000 USDT worth of $HTX); 2. Trading Party: Users participating in DEEP/USDT or HYPER/USDT contract trading, with a cumulative effective trading volume ≥10,000 USDT, can share $HTX worth 14,000 USDT based on their trading volume ranking.

19 minutes ago

DeFi Development Corporation increased its stake to 88,164 SOL, bringing its total holdings to 251,842 SOL

On April 23, the publicly traded U.S. company Janover was renamed to DeFi Development Corporation. Today, it increased its holdings by 88,164 SOL, which is approximately worth $11.5 million. After this purchase, the company's total SOL holdings have risen to 251,842 SOL, with a value of approximately $34.4 million. BlockBeats reported previously that on April 7, the publicly traded U.S. company Janover stated that it had raised $42 million by issuing convertible notes and warrants to investors such as Pantera Capital, Kraken, and Arrington Capital, etc. This funding will be used to purchase SOL as a financial reserve. The company's newly appointed Chairman and CEO, Joseph Onorati, revealed that his team plans to "immediately" begin increasing their SOL holdings. Janover also plans to acquire validators (computers that assist in operating the Solana network and validating transactions), which can not only be used to obtain SOL tokens but also to "stake" them, that is, to earn rewards b

19 minutes ago