Day: March 5, 2026

SEC, Justin Sun Settle Lawsuit for $10M

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The Securities and Exchange Commission has ended its long-running fraud and securities violation lawsuit against Justin Sun in a $10 million settlement. The US Securities and Exchange Commission has ended its lawsuit against crypto entrepreneur Justin Sun with a $10 million settlement, ending a two-year legal battle over alleged fraud and securities laws violations. The SEC said in a letter to a Manhattan federal court on Thursday that Rainberry, one of Sun’s companies, would pay a $10 million fine, and claims against Sun and his companies, the Tron Foundation and…

SEC moves to settle long-running lawsuit against Justin Sun and Tron entities

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The US Securities and Exchange Commission has agreed to settle its long-running case against Tron founder Justin Sun and companies tied to the TRON ecosystem, according to a court filing submitted Thursday in the District Court for the Southern District of New York. Under the proposed judgment, Rainberry would pay $10 million in penalties. The remaining claims against Sun and the associated foundations would be dropped. Rainberry is the company behind BitTorrent, which became linked to the TRON ecosystem after its 2018 acquisition by Sun. The agreement must still be…

ETH Rally Toward $2.5K Held Back By Macro, War, DApp Use

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Key takeaways: ETH derivatives signal a shift to safety as professional desks hedge against downside risks and global instability. Institutional preference for decentralization keeps Ethereum dominant despite its recent drop in network activity. Ether (ETH) price dropped by 6% following a brief rally to $2,200 on Wednesday, tracking a downturn in US equities as the war in Iran entered its sixth day. Disruptions to global oil production and Middle East natural gas shipping pushed WTI crude prices to levels not seen since July 2024. Investors lowered their economic growth outlook…

SEC Submits Proposal on Interpreting Crypto under Securities Laws

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The proposed interpretative application of federal securities laws on digital assets by the SEC reportedly carries more weight than staff-level statements. Officials at the US Securities and Exchange Commission (SEC) submitted a regulatory proposal to the White House with the potential to change how the government handles enforcement of federal securities laws over cryptocurrencies. In a Tuesday submission to the White House’s Office of Information and Regulatory Affairs, the SEC sent a “commission interpretation on application of the federal securities laws to certain types of crypto assets and certain transactions…

IRS Proposes Crypto Exchanges Shift to Mandatory Electronic Tax Documents

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The US Internal Revenue Service (IRS) is seeking to require electronic delivery of tax forms to crypto exchange users. Under the current rules, exchanges are required to provide paper copies of tax form 1099-DA, the IRS tax form used to document crypto transactions from a centralized exchange or broker, if users request paper forms. The proposed new rules, slated to be published on Friday, remove this requirement and allow brokers to “terminate” their relationships with existing clients if they refuse electronic delivery of tax forms. Additionally, the IRS proposal would…

Bitcoin Miners Start Unwinding BTC Treasuries as Industry Strains

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Bitcoin mining companies have offloaded a sizable portion of their Bitcoin reserves in recent months, signaling a shift away from the self-treasury strategy that dominated the industry during the 2024–2025 market upcycle. According to TheEnergyMag’s Miner Weekly newsletter, publicly listed miners have sold more than 15,000 Bitcoin (BTC) since October. That month marked the market’s peak before a historic flash crash triggered widespread deleveraging across the industry. Several large miners contributed to the sell-off. The newsletter highlighted Cango’s February sale of 4,451 BTC, equal to roughly 60% of its reserves,…

Weekly Bitcoin Buys Produce The Best Returns Across Bull And Bear Markets

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Smart investors adjust their strategy during bear markets and 50% drawdowns like the one seen in Bitcoin (BTC) over the last five months. The strategy, known as dollar-cost averaging (DCA), involves investing the same amount at regular intervals regardless of market conditions.  Historical market cycle data and forward-looking BTC price simulations provide a clearer view of how these steady investment patterns develop across different entry periods and time horizons. A five-year Bitcoin DCA stack shows strong net gains A $250 weekly Bitcoin purchase starting in January 2021 resulted in $67,500…

Trade war jitters drag crypto lower across the board

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Crypto markets are bleeding red again, and this time the catalyst has nothing to do with blockchain. A widening gap between US trade rhetoric and actual Chinese purchasing behavior has rattled investors across every asset class, dragging Bitcoin below $72K and sending the Fear and Greed Index deep into “Extreme Fear” territory at 22. The selloff comes as US farmers report zero Chinese purchases of American soybeans since late 2025, directly contradicting Washington’s push to get Beijing buying more agricultural products and Boeing jets as part of trade de-escalation efforts.…

Anthropic launches AI exposure index to assess which white-collar jobs face automation risk

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Anthropic just built the scoreboard nobody in the office wanted to see. The AI research company behind Claude released what it calls the “AI Exposure Index” on March 5, a systematic tracker designed to measure which white-collar occupations are most susceptible to automation by large language models. The headline finding: computer programmers sit at the top of the vulnerability list, with roughly three-quarters of their daily tasks flagged as automatable. The timing is deliberate. With Anthropic CEO Dario Amodei publicly projecting that artificial general intelligence could arrive within one to…

xAI fails to block California AI transparency law requiring training data disclosure

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Elon Musk’s artificial intelligence venture, xAI, has failed in its effort to prevent California’s AI transparency law from taking effect. The company had sought to block AB 2013, which compels AI developers to publicly disclose the datasets used to train their generative models, arguing the requirement tramples on trade secrets and First Amendment rights. The defeat marks a significant legal setback for one of the most well-funded AI companies on the planet, and it sends a clear signal to the broader industry: California is not backing down from its push…