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Bitcoin $89,588.23 -2.97%
Ethereum $3,037.36 -4.50%
BNB $887.17 -1.98%
Optimism $0.30 -5.44%
Arbitrum $0.20 -5.90%
Solana $133.55 -3.98%
Polygon $0.22 +2.77%
Cosmos $2.21 -4.66%
Avalanche $13.31 -8.04%

NBA star O'Neal agrees to pay $1.8 million to settle FTX investor lawsuit

On June 12th, NBA star Shaquille O'Neal has agreed to pay $1.8 million to settle a class action lawsuit stemming from his promotion of the now-bankrupt cryptocurrency exchange FTX. The settlement agreement is subject to court approval.

Previously, the plaintiffs accused O'Neal of promoting unregistered securities by presenting FTX as a safe and legitimate platform on events and social media. O'Neal had previously stated that he was just a "paid spokesperson" for FTX.

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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

according to economists surveyed, Federal Reserve officials are expected to vote next week to cut interest rates again to guard against the rising risk of a sharp deterioration in the labor market. The median of respondents shows that the Fed is expected to implement two more 25 basis point rate cuts within the year starting from March 2026. Next week's rate cut will continue the momentum of rate cuts from the policy meetings in September and October. A considerable majority also expect Fed officials to once again reiterate the statement that "the downside risks to employment have increased in recent months," as they did in October. The Federal Reserve will announce its decision at 2 PM Washington time on December 10, followed by a press conference held by Chairman Jerome Powell.
Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

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Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

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The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

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Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

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Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

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Balancer DAO Starts Discussing $8M Recovery Plan After $110M Exploit Cut TVL by Two-Thirds

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NBA star O'Neal agrees to pay $1.8 million to settle FTX investor lawsuit

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Recommended for you

Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

Balancer DAO Starts Discussing $8M Recovery Plan After $110M Exploit Cut TVL by Two-Thirds

US investors consider crypto less as risk-taking drops: FINRA study

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