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US federal judge denies joint Gemini-CFTC bid to undo $5 million settlement
A federal judge denied a joint motion from Gemini and the CFTC to vacate the $5 million settlement agreed to in January 2025.
- A federal judge denied a joint motion from Gemini and the CFTC to vacate the $5 million settlement agreed to in January 2025.
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What happened
A federal judge denied a joint motion from Gemini and the CFTC to vacate the $5 million settlement agreed to in January 2025.
Why it matters
A federal judge denied a joint motion from Gemini and the CFTC to vacate the $5 million settlement agreed to in January 2025.
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Tracked assets were close to neutral overall.
Breadth starts at 50, adds three points for each 1% of average 24-hour movement across the tracked assets, and is capped between 0 and 100.CoinGecko snapshot at 04:58 UTC. Prices and 24-hour moves refresh automatically without rerunning the newsroom.
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Ultimately, precompiles and EVM are both the wrong place to put most cryptography support into Ethereum. The reason is that precompiles and EVM both operate on data that has to be included into the ethereum chain somehow, which realistically means included in a block as calldata. That space is limited - even with PeerDAS and blocks-in-blobs, there's a practical cap of ~8 MB/s before it starts getting uncomfortable. Remember: it's not a blockchain. It's a cryptographic world computer. Any data/computation that does not need to be in the "main thread" of data/execution should not be put into the main thread. Instead, the correct solution is... EIP-8288 maximalism. If you have any heavy computation that's self-contained, compute it and STARK it client-side (this is quickly getting faster and faster, even on phones), and push the STARK through the EIP-8288 recursive aggregation mechanism. The chain sees the fact that the computation was done and what the result is; it never needs to see the actual data and computation. This way everyone can use whatever cryptography they want, the Ethereum chain can be lean, and we never need to add more precompiles again.
The beauty of 24/7 markets is you can react to news at any time. When Elon announces flying cars, traders shouldn’t be stuck on the sidelines waiting for the markets to reopen. Perps and tokenized stocks fix this.
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Mixed · breadth 54/100. A score of 50 means the tracked assets were flat on average.
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