Business Sandesh

Texas Crypto Fraudster Denied $12.5M Bankruptcy Protection

Texas federal court rejected a $12.5 million bankruptcy protection bid by Nathan Fuller, who ran a cryptocurrency Ponzi scheme through Privvy Investments LLC, according to the U.S. Department of Justice. The ruling exposes Fuller to ongoing creditor lawsuits, marking a significant crackdown on crypto fraud. Fuller filed for Chapter 7 bankruptcy in October 2024 after investors sued, alleging he diverted …

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Perplexity AI Forecasts XRP, Shiba Inu & Pepe Prices for End of 2025

Perplexity AI’s latest forecasts for XRP, Shiba Inu (SHIB), and Pepe (PEPE) by the end of 2025 signal robust growth potential, driven by regulatory clarity and market momentum, according to Cryptonews. Released on September 11, 2025, these AI-driven projections highlight opportunities and risks for investors in the volatile crypto market. For XRP, Perplexity predicts a price range of $3.30–$15, with …

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South Korea Opens Doors: VC Funding Now Allowed for Crypto Companies

South Korea has ended a seven-year ban on venture capital (VC) funding for cryptocurrency companies, effective September 16, 2025, following a cabinet-approved amendment to the Enforcement Decree of the Special Act on Promoting Venture Businesses, as reported by Cryptonews. This landmark decision opens new avenues for blockchain startups, positioning South Korea as a potential hub for digital asset innovation in …

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Altcoin Season Heats Up: Pump.fun, Mantle & Avalanche Lead the Rally

The cryptocurrency market is buzzing as altcoin season gains momentum in September 2025, with Pump.fun, Mantle, and Avalanche leading the charge, according to Cryptonews. Bitcoin’s consolidation at $113,000 has shifted capital to altcoins, sparking a rally fueled by retail enthusiasm and institutional interest. Pump.fun, a Solana-based memecoin platform, soared 38% last week, reaching $0.0056 with a $2 billion market cap. …

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GOP Crypto Bill Hits Roadblock as Senator Says ‘We’re Not Ready

A Republican-led cryptocurrency bill, the CLARITY Act, aimed at regulating digital assets, hit a significant obstacle in the U.S. Senate on September 11, 2025, after Senate Banking Committee Chairman Tim Scott declared, “We’re not ready.” The setback, reported by Cryptonews, raises doubts about the timeline for federal crypto oversight, impacting investors and the $2 trillion digital asset market. The CLARITY …

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Bitcoin Eyes $113K: BTC Holds Triangle Breakout Amid U.S. PPI Dip

Bitcoin (BTC) is maintaining a bullish trajectory, holding above $113,000 after a triangle breakout, fueled by a 0.1% drop in the U.S. Producer Price Index (PPI) for August 2025, as reported by Cryptonews. This unexpected decline, against forecasts of a 0.3% rise, signals easing inflation pressures, boosting optimism for risk assets like cryptocurrencies. Technical analysis highlights BTC’s resilience within an …

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Polygon Hard Fork Resolves Node-Outage Bug, Network Back Online

Polygon, a leading Ethereum layer-2 scaling solution, successfully restored its Proof-of-Stake (PoS) network on September 10, 2025, after a node bug caused 10-15 minute transaction finality delays. The Polygon Foundation executed a hard fork to address the issue, ensuring full network functionality, as announced on X. The disruption, triggered by a faulty milestone proposal affecting Bor and Erigon nodes, led …

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Bitmine Boosts ETH Treasury With $201M Ethereum Buy From BitGo

Bitmine Immersion Technologies, a leading crypto treasury firm, has acquired 46,255 ETH, valued at $201 million, from digital asset custodian BitGo, reinforcing its position as the world’s largest Ethereum treasury holder. Announced on September 11, 2025, this purchase boosts Bitmine’s total ETH holdings to 2,126,018, worth approximately $9.24 billion, according to Onchain Lens. The strategic move highlights growing institutional confidence …

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Scroll DAO Halts Operations After Wave of Resignations

Scroll DAO, a decentralized autonomous organization (DAO) behind Ethereum’s zkEVM scaling solution, has halted governance operations following multiple resignations from key leaders, sparking concerns about its stability and the broader DAO ecosystem. Reports indicate that internal disputes over governance, transparency, and strategic direction prompted the exits, leaving the DAO struggling to maintain operations. On September 10, 2025, Scroll DAO announced …

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