Roni Cohen-Pavon, the former chief revenue officer of crypto lending platform Celsius, will not be sentenced on December 11 after former CEO Alex Mashinsky reached a plea deal with U.S. prosecutors. In a filing with the U.S. District Court for the Southern District of New York, Judge John Koeltl granted U.S. Attorney Damian Williams' request to cancel Roni Cohen-Pavon's sentencing hearing until after Alex Mashinsky's sentencing hearing, which was scheduled for April 2025. Williams said Cohen-Pavon provided information "that may be relevant to Mashinsky's sentencing hearing." Roni Cohen-Pavon pleaded guilty to US criminal charges in 2023 and has been released on bail to travel to Israel.
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The number of small business contractors receiving notices of job cancellations has surged to a record level this year as the Trump administration implements a "cut and consolidate" programme. More than 1,800 small business contractors have received "facilitative termination" notices from private agencies since Mr. Trump was sworn in as US president on January 20, more than the average number in previous years, and on April 30, Mr. Trump's second term exceeded 100 days.
Charles Gasparino, a Fox business correspondent, said on social media: "A number of CEOs have told their investment banks that the impact of tariffs will be felt in the next six to eight weeks. No one can say for sure what the outcome will be, but the next two months or so will be a critical period that will determine whether there is an economic slowdown or inflation. The real unknown is how long the economic shock will last if it does happen, and things are still developing."
According to Nick Timiraos, the PCE price index is expected to show core prices rose by just 0.08 per cent in March, based on an analytical model that maps CPI (consumer price index), PPI (producer price index) and import prices to the PCE. In addition, overall prices are expected to be essentially flat in March, falling slightly by 0.01 per cent.
Pudgy Penguins announced integration with Walrus Protocol to store and manage its growing digital media library, including stickers and GIFs for product and community experiences. The team will use 1TB of decentralized storage through Tusky, Walrus' user-friendly file management tool, with plans to expand to 6TB in the next 12 months.
Pudgy Penguins has previously used centralized storage solutions and faced the challenges of long-term access and consistency with decentralized principles. Walrus...
According to Whale Alert monitoring, at around 00:38 Beijing time today, Cumberland transferred 2,930 BTC (about $279 million) to Coinbase Institutional.
Sebastian Bea ̈ a, president of Coinbase Asset Management, told The Scoop this week that the US government could accelerate its plans to buy bitcoin if it reassesses the relationship between gold and the dollar. He pointed out that bitcoin is shifting from a highly volatile technical asset to a gold-like store of value, a trend that has attracted more institutional attention and portfolio consolidation. Mr. Bea ̈ a highlighted the growing institutional interest in bitcoin as a sign of its matu...
Alex Konanykhin, Unicoin's chief executive, told Eleanor Terrett that the US agency had sent a new batch of subpoenas to employees and partners after Unicoin refused to settle with the SEC. Mr. Konanykhin described the move as "retaliatory". The SEC declined to comment.
According to market news, US President Donald Trump will deliver his inauguration speech at 6 PM local time at Macomb Community College in Warren, Michigan.