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š The National Basketball Association (NBA) faces a massive lawsuit over its involvement with failed crypto exchange Voyager Digital Holdings Inc., with investors alleging losses of $4.2 billion. The lawsuit targets negligence in endorsing a marketing deal between Voyager and former Mavericks owner Mark Cuban, shedding light on the NBA’s promotion of unregistered securities.
š° Meanwhile, crypto investors experienced a significant turnaround in 2023, with average net gains of nearly $900, contrasting starkly with the losses of 2022. CoinLedger’s data reveals insights into investor behavior amid market recovery, with Ethereum sales dominating losses in 2022 and Bitcoin holders showing reluctance to dispose of their coins.
š On the regulatory front, Prometheum, a SEC-compliant crypto firm, is preparing to launch its custody operations, starting with Ethereum’s ether (ETH) as the first digital asset for clients. Positioned as the only U.S.-registered crypto securities platform, Prometheum aims to navigate the regulatory landscape successfully, anticipating strong demand from institutional clients seeking compliant custody solutions for their crypto assets.
Stay tuned for more updates on the evolving crypto landscape and regulatory developments! š THANK YOU GUYS FOR WATCHING! BE SURE TO LEAVE A LIKE, SUBSCRIBE, AND COMMENT FOR THE NEXT Update.
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0:00 NBA Crypto Lawsuit
2:10 Investors Pocket Gains!
3:40 Big News For Ethereum Billions Incoming!
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