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- 🌙 Galaxy Digital Agrees to $200M Settlement Over LUNA 'Misrepresentations'
🌙 Galaxy Digital Agrees to $200M Settlement Over LUNA 'Misrepresentations'
The New York Attorney General and Galaxy Digital have agreed to a settlement over the firm's handling of LUNA before its 2022 collapse.
Mike Gavela
March 28, 2025
Crypto Roundup - March 28
Galaxy Digital has reached a $200 million settlement with the New York Attorney General over the collapse of the LUNA cryptocurrency ecosystem, providing a resolution to the fallout from the Terra crash. Meanwhile, the Federal Deposit Insurance Corporation (FDIC) has cleared the way for U.S. banks to engage in cryptocurrency activities without prior approval, signaling a more permissive regulatory environment for the banking sector’s involvement in digital assets. In another key development, Arthur Hayes, former CEO of BitMEX, has argued that Bitcoin will continue to rise despite the tariffs imposed by President Trump, as the Federal Reserve is expected to maintain accommodative monetary policies that will further fuel the growth of the crypto market.
Top Stories
$200 million settlement reached between Galaxy Digital and the New York AG over LUNA collapse.
FDIC clears path for banks to engage in crypto activities without prior approval.
Arthur Hayes predicts Bitcoin will rise despite tariff impositions.
TOP STORIES
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Magpie has successfully raised over $1.6M from 800+ participants on @FjordFoundry
Shoutout to all participants, partners and @SonicEcosystem for making this a massive success!
More on what’s next for Magpie & $FLY dropping soon.
Strap in, anon. We are just getting started.— Magpie Protocol (@magpieprotocol)
11:50 AM • Mar 27, 2025
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This is what we voted for. Thank you to the Trump Administration for your leadership in turning banking rails back on for crypto companies. Promises made, promises kept!
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5:50 PM • Mar 28, 2025
DeFi has entered the demand stage...LPs are making more money from protocol fees than from token incentives.
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