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NIKE HIT WITH $5M LAWSUIT OVER SHUTDOWN OF RTFKT NFT PLATFORM Nike is facing a $5 million class action lawsuit after abruptly shutting down its RTFKT NFT project, leaving investors in the lurch. The case claims Nike-themed NFTs were unregistered securities, sparking legal scrutiny. Once hailed as the future of fashion and digital culture, RTFKT’s closure in Dec 2024 now places Nike at the center of a major crypto legal battle. Source: @BTCTN
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TRUMP'S TRUTH SOCIAL EYES UTILITY TOKEN AND TRUTH+ WALLET LAUNCH Trump Media & Technology Group, the parent company of Truth Social, is exploring the launch of a utility token and a digital wallet called Truth+ Wallet, according to a letter to shareholders. The move signals an expansion into crypto and fintech, building on earlier plans for Truth. Fi, a platform offering ETFs and crypto exposure. Source: @DegenerateNews
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COMPASS MINING GOES LIVE WITH PHASE I OF NEW 30 MW FACILITY IN IOWA Compass Mining has launched the first 8 MW of its new 30 MW Bitcoin mining site in Iowa. The full buildout is set to begin in Q4, signaling continued infrastructure growth. This comes after Compass added 50 MW of capacity across six U.S. states earlier in 2024, boosting its self-owned mining footprint. Source: @BTCTN
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JUST IN: SEC DELAYS DECISION ON BITWISE SPOT DOGE ETF APPLICATION UNTIL JUNE 15 The U.S. SEC has postponed its decision on Bitwise's spot Dogecoin (DOGE) ETF application, now set for June 15. This delay adds more uncertainty to the regulatory landscape for cryptocurrency-based ETFs. The outcome could have significant implications for how cryptocurrencies are integrated into traditional financial markets. Source: @blocknewsdotcom
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SEC DELAYS FRANKLIN TEMPLETON SPOT XRP ETF DECISION TO JUNE 17 The U.S. SEC has pushed back its decision on Franklin Templeton’s proposed spot XRP ETF, setting a new deadline for June 17. The delay adds to growing anticipation around XRP’s path to institutional adoption. Source: @WhaleInsider
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