Recently, two OpenSea users, Anthony Shnayderman and Itai Bronshtein, voluntarily withdrew their securities lawsuit against Ozone Networks (doing business as OpenSea) in a federal court in Florida after Judge Cecilia Altonaga ordered last month to allow OpenSea to file a motion to force the two to arbitrate. OpenSea insisted that it would force the two users to arbitrate, adding that the platform "intends to act quickly to force the plaintiffs to arbitrate their claims in an agreed forum" and will appeal any dismissal of the court to suspend the case. Previous news, two OpenSea users filed a class action lawsuit in the federal court of Florida, USA, accusing NFT trading platform OpenSea of ​​selling unregistered securities contracts. Plaintiffs Anthony Shnayderman and Itai Bronshtein claimed that the NFTs they purchased on OpenSea (including the once high-priced Bored Ape Yacht Club series) were "worthless" because of their "illegal nature." The plaintiffs cited the U.S. Securities and Exchange Commission (SEC) Wells notice disclosed by OpenSea last month as an argument. They believe this suggests OpenSea could face legal liability for facilitating unregistered securities transactions.

According to BlockBeats, a major Ethereum whale has been actively selling portions of its holdings since November 7. The whale, which initially accumulated 398,891 ETH at an average cost of $3.5 per token, has sold 46,853 ETH, converting it into 138.8 million USDC at an average price of $2,920 per ETH. In a recent transaction, the whale transferred an additional 12,886 ETH, valued at approximately $41.24 million, for sale. This activity highlights the whale's strategic movements in the market, potentially influencing Ethereum's price dynamics. Despite these sales, the whale still retains a substantial holding of 352,036 ETH, valued at around $1.27 billion. The actions of such large holders can have significant implications for the cryptocurrency market, as their trades can impact liquidity and price stability. Observers and analysts are closely monitoring these developments to assess potential market trends and the whale's future strategies.

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According to Lookonchain monitoring, the whale holding 398,891 ETH ($1.28 billion) has sold 46,853 ETH at $2,920 since November 7, earning 138.8 million USDC. 7 hours ago, the whale transferred another 12,886 ETH ($41.24 million) for sale, and currently holds 352,036 ETH ($1.27 billion).

According to Cointelegraph, two users of the non-fungible token (NFT) marketplace OpenSea have voluntarily dismissed their class-action lawsuit, which accused the platform of selling unregistered securities. This decision follows a ruling by Judge Cecilia Altonaga in a Florida federal court, allowing OpenSea to compel arbitration. The plaintiffs, Anthony Shnayderman and Itai Bronshtein, filed for dismissal on November 7 after the judge's order last month. OpenSea had maintained that the users were bound by its terms of use, which stipulate that all claims must be resolved through arbitration. In an October filing, OpenSea emphasized its intention to move the plaintiffs to arbitration and indicated it would appeal any court denial, effectively pausing the case. The NFT marketplace argued that users agree to resolve disputes through the alternative dispute resolution services provider JAMS. Adam Moskowitz, the attorney representing Shnayderman and Bronshtein, stated that they had no choice but to dismiss the case. He explained that their primary objective was to establish a framework for creating a functional global marketplace for NFTs, considering upcoming political and legislative changes. Moskowitz expressed hope that OpenSea could play a role in supervising and monitoring NFTs traded on its platform, from which it profits. He also mentioned ongoing efforts to assist victims of failed NFTs and other crypto products. The lawsuit, initiated in September, alleged that the NFTs purchased on OpenSea were unregistered securities contracts in the United States and were worthless due to their illegal nature. The plaintiffs pointed to OpenSea's August disclosure of a Securities and Exchange Commission (SEC) Wells notice, suggesting potential liability for facilitating the exchange of unregistered securities. The suit also referenced the SEC's actions against NFT projects Stoner Cats 2 and Impact Theory, where NFTs were deemed unregistered securities. The plaintiffs claimed that OpenSea breached a user warranty by failing to moderate its exchange for unregistered securities. In response to the allegations, an OpenSea spokesperson dismissed the claims as baseless, asserting that the lawsuit was unfounded and based on the disclosure of an SEC Wells notice. OpenSea did not immediately comment on the voluntary dismissal of the lawsuit.

Ki Young Ju, CEO of CryptoQuant, believes that the price of Bitcoin may be slightly below $59,000 at the end of the year, and pointed out that the overheated futures market is one of the main reasons for the year-end plunge. Ki recently posted on X that he expects the price of Bitcoin to fall to $58,974 at the end of the year, while asking others for their views on the year-end price, adding that he will pay 0.1 BTC to the person whose answer is closest. He said: "I expect the Bitcoin futures market indicators to be overheated, so there will be adjustments, but we are entering the price discovery phase and the market is heating up further. If there is a pullback and consolidation, the bull market may continue; however, in my opinion, the year-end plunge may lay the groundwork for a bear market in 2025. I hope my prediction is wrong."

The lawyer for two OpenSea users who accused the platform of selling them securities told Cointelegraph they “had no choice but to dismiss the pending case.” source: https://cointelegraph.com/news/opensea-users-drop-suit-arbitration-demand?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

· 앱토스(APT)는 11월 11일 15시에 약 1,131만 개의 토큰을 잠금 해제할 예정이며, 이는현재 유통량 대비 2.17%에 해당하며 약 1억 2,600만 달러의 가치가 있다. · 에테나(ENA)는 11월 13일 16시에 약 1,286만 개의 토큰을 잠금 해제할 예정이며, 이는 현재 유통량 대비 0.45%에 해당하며 약 711만 달러의 가치를 갖습니다. · 스타크넷(STRK)은 11월 15일 09시에 약 6,400만 개의 토큰을 ... source: https://coincode.kr/27033

Following Trump’s election win and his endorsement of crypto, Binance Coin (BNB) and Toncoin (TON) prices surged, with analysts forecasting further gains. The cryptocurrency market is experiencing a resurgence in popularity. This is due to the fact that Donald Trump emerged victorious in the election. Trump recently declared that cryptocurrency is the future. The prices […] The post Trump’s... source: https://coinscreed.com/trumps-win-triggers-crypto-rally-bnb-and-ton.html

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