Cathie Wood-led investment firm Ark Invest sold a total of 30,051 Coinbase shares across two of its ETFs on Thursday. source: https://www.theblock.co/post/364254/ark-invest-sheds-12-million-coinbase-shares?utm_source=rss&utm_medium=rss

Eigen Labs has launched multi-chain verification, allowing Actively Validated Services to deploy on Layer 2 networks and other blockchains. source: https://www.theblock.co/post/364250/eigenlayer-multi-chain-verification?utm_source=rss&utm_medium=rss

Spot Ether ETFs recorded nearly $2. 4 billion in the past six trading days. BlackRock’s ETHA was the biggest beneficiary of the inflow. source: https://cointelegraph.com/news/us-ether-etfs-flip-bitcoin-counterparts-6-days-in-a-row?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to Cointelegraph, a U.S. judge has recommended that YouTuber Logan Paul should not be permitted to shift blame onto the co-creators of his failed crypto project, CryptoZoo, in an ongoing lawsuit. Magistrate Judge Ronald Griffin, on Tuesday, advised a federal court in Austin, Texas, to reject Paul's request for a default judgment against CryptoZoo co-founders Eduardo Ibanez and Jake Greenbaum. This lawsuit was initiated by buyers of CryptoZoo non-fungible tokens (NFTs) who allege the project was fraudulent. Judge Griffin expressed concerns that granting Paul's request, which seeks a ruling against Ibanez and Greenbaum without a trial due to their lack of response, could lead to inconsistent judgments. The lawsuit, filed by a group of CryptoZoo NFT buyers in early 2023, accuses Paul, Ibanez, Greenbaum, and others involved in the project of orchestrating a "rug pull" and failing to deliver promised benefits. In response, Paul filed a counterclaim against Ibanez and Greenbaum in January 2024, asserting that he had hired them to manage the project, but they deceived him, leading to CryptoZoo's downfall. CryptoZoo, launched in 2021, involved players purchasing NFT "eggs" that could "hatch" into animals, which could then be bred to create hybrid animals for trading tokens. Despite featuring NFTs and a token, the anticipated blockchain-based game never materialized. Judge Griffin warned that if Paul's motion were approved, the lawsuit might falter, as Ibanez and Greenbaum have not appeared in court. He emphasized that the case fundamentally requires the court to assess whether the defendants collectively engaged in fraudulent activities in promoting and operating CryptoZoo. Judge Griffin further noted that if the court were to grant a default judgment, attributing all blame to Ibanez and Greenbaum, it would undermine the plaintiffs' claims against Paul and other defendants. Although Paul's motion targets only his co-founders, not the allegations from CryptoZoo buyers, Judge Griffin stated that Paul has not demonstrated a reduced risk of inconsistent judgments. The court believes the defendants are similarly situated, possess closely related defenses, and face joint liability charges from the plaintiffs. Most importantly, ruling on Paul's motion at this time would undoubtedly result in inconsistent judgments. In a separate legal battle, Logan Paul sued YouTuber Stephen Findeisen, known as "Coffeezilla," in June 2024, alleging defamation regarding CryptoZoo in a series of videos. A judge allowed this complaint to proceed in March, while Findeisen has requested the case be consolidated with the lawsuit against Paul by CryptoZoo NFT buyers, a move Paul opposes. In January 2023, Paul pledged to devise a plan for CryptoZoo and later allocated $2.3 million for refunds to CryptoZoo buyers, contingent upon claimants agreeing not to pursue legal action over the project. Paul refunded buyers 0.1 Ether (ETH), equivalent to the original sale price of CryptoZoo tokens in 2021.

Terry Bollea, better known by his wrestling ring name Hulk Hogan, was pronounced dead in a hospital on Thursday at the age of 71, days after Ozzy Osbourne passed away at 76. source: https://cointelegraph.com/news/hulk-hogan-ozzy-osbourne-memecoins-surge-death?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Europe is offering to delay sanctions on Iran, but only if Tehran agrees to return to talks with Washington and starts working again with UN nuclear inspectors. That’s the deal on the table, according to western diplomats speaking ahead of a high-stakes meeting set for Friday in Istanbul between officials from the UK, France, Germany, […] source: https://www.cryptopolitan.com/europe-sanctions-relief-iran-nuclear/

A Texas magistrate judge says Logan Paul’s bid to blame the co-founders for the failure of his CryptoZoo NFT project should be rejected. source: https://cointelegraph.com/news/logan-paul-shouldnt-blame-cryptozoo-founders-judge-says?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

With a history of legal battles, volatile surges, and strategic partnerships with global financial institutions, XRP now stands at a […] The post ChatGPT Predicts XRP Price for the Next 5 Years appeared first on Coindoo. source: https://coindoo.com/chatgpt-predicts-xrp-price-for-the-next-5-years/

TON Foundation and Kingsway Capital plan to raise $400M for TONCoin, impacting crypto markets. source: https://coincu.com/350745-ton-foundation-kingsway-400-million

Eric Trump, the executive vice president of The Trump Organization, agreed on Thursday that Ethereum (CRYPTO: ETH) is undervalued and should be trading above $8,000. source: https://www.benzinga.com/crypto/cryptocurrency/25/07/46623268/eric-trump-has-an-optimistic-view-on-ethereums-current-value-agrees-eth-should-have-crossed-8000-by-now?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Người có sức ảnh hưởng trong lĩnh vực tiền điện tử Ben Armstrong, được biết đến với biệt danh BitBoy, đã bị bắt lại vào tháng 6 với cáo buộc liên quan đến các cuộc gọi quấy rối. Đây là một phần trong chuỗi rắc rối pháp lý mà anh phải đối mặt gần đây, làm dấy lên lo ngại về trách nhiệm giải trình trong cộng đồng tiền điện tử.