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MainNewsBinance Alph...

Binance Alpha Unveils New Batch of Projects: Aimonica, VitaDAO, and GRIFT


Jan, 15, 2025
< 1 min read
by Maxwell Mutuma
for CoinEdition
  • GRIFT’s price surge shows potential but needs higher volume for sustained growth.
  • VitaDAO’s momentum is strong, but volume drop signals possible short-term volatility.
  • Aimonica’s breakout validates bullish trends, though short-term pullbacks are likely.

Binance Alpha, the pre-selection pool for Binance listings, recently announced a new batch of innovative projects. These include GRIFT, VitaDAO, and Aimonica, showcasing advancements in artificial intelligence, decentralized finance (DeFi), and biotech funding. GRIFT is an AI-powered DeFi abstraction layer that simplifies financial operations.

VitaDAO is a decentralized autonomous organization (DAO) that funds longevity research. Aimonica is an AI-driven investment agent focused on meme tokens. These unique initiatives have already generated significant market activity and attracted the attention of traders and investors.

GRIFT: AI-Powered DeFi Solutions

GRIFT has shown promising price action, trading at $0.1298 with a 14.85% daily increase. Despite this gain, its 24-hour trading volume fell by 23.75%, signaling reduced activity. Key support lies at $0.10, where buyers consistently re-enter the market af…

The post Binance Alpha Unveils New Batch of Projects: Aimonica, VitaDAO, and GRIFT appeared first on Coin Edition.

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From Binance to Bishkek: CZ to Help Shape Kyrgyzstan’s Crypto Future

From Binance to Bishkek: CZ to Help Shape Kyrgyzstan’s Crypto Future

Former Binance CEO Changpeng Zhao (CZ) confirmed via X his involvement as an advisor ...
Apr, 04, 2025
< 1 min read
by CoinEdition
Binance Faces Major Backlash As Several Users Call for a Boycott

Binance Faces Major Backlash As Several Users Call for a Boycott

Controversies surrounding token listings, the depegging of the FDUSD stablecoin, and ...
Apr, 04, 2025
by BeInCrypto
MainNewsUS SEC Sues ...

US SEC Sues Elon Musk Over Failure to Timely Disclose Twitter Ownership


Jan, 15, 2025
2 min read
by Mandy Williams
for CryptoPotato
US SEC Sues Elon Musk Over Failure to Timely Disclose Twitter Ownership

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, the world’s richest man, for failing to disclose his acquisition of Twitter (renamed X) stock on time.

According to the complaint, Musk started accumulating shares of Twitter common stock in early 2022 and, by March 14, had crossed the 5% stock ownership threshold. At this point, he was required to report his ownership in the company, but he failed to do so, the agency said.

Federal securities law requires individuals to disclose their ownership of more than 5% of a publicly traded company’s stock within 10 days of reaching that threshold.

Timely Disclosure

However, Musk disclosed his ownership only 11 days after the report was due—on April 4, 2022. By this time, the tech billionaire had already acquired over 9% of Twitter stock.

The securities watchdog argued that Musk’s failure to disclose allowed him to continue purchasing shares at “artificially low prices” as the market was unaware of his significant stake. They claim this resulted in an unjust enrichment of at least $150 million from the stock acquisition during the 10 days.

“Investors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic harm,” the complaint stated.

The SEC seeks disgorgement of Musk’s unjust enrichment alongside prejudgment interest.

Elon Musk Reacts

In a statement on X, Musk responded to the suit, describing the SEC as a “totally broken organization.”

“They spend their time on shit like this when there are so many actual crimes that go unpunished,” he added.

Musk initiated the acquisition of Twitter in April 2022 and completed it in October of the same year for $44 billion. He has since transformed the platform by introducing features like account monetization, audio-video calls, an in-app AI chatbot, and long-form texts.

The post US SEC Sues Elon Musk Over Failure to Timely Disclose Twitter Ownership appeared first on CryptoPotato.

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All is Set For The Second Crypto Task Force Roundtable on April 11

All is Set For The Second Crypto Task Force Roundtable on April 11

The SEC will host its second crypto roundtable on April 11. The US Securities and Exc...
Apr, 06, 2025
< 1 min read
by CoinEdition
Все готово для второго круглого стола целевой группы по криптографии, который состоится 11 апреля

Все готово для второго круглого стола целевой группы по криптографии, который состоится 11 апреля

SEC проведет второй круглый стол по криптовалютам 11 апреля. Комиссия по ценным бумаг...
Apr, 06, 2025
< 1 min read
by Coin Edition

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