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Two customers, Qun He and Haihui Zhang, filed a complaint against Merrill, Bank of America’s wealth management division, in late 2023, accusing the firm of violating securities laws, industry standards, and its fiduciary duty. They also claimed the firm acted with negligence and negligent supervision and breached its contract related to various unspecified securities. Merrill Lynch denied the allegations, but the U.S. Financial Industry Regulatory Authority (FINRA) made an independent arbitration forum available, and a public panel of arbitrators decided Merrill Lynch should pay the claimants $2.73 million in compensatory damages, $2,002 in costs, and $954,634 in attorneys’ fees.

According to our friendly neighborhood on-chain analyst from CryptoQuant, those whale-sized deposits on Binance are basically telling us that the big spenders are either cashing out or setting up for some leveraged play. It’s like watching millionaires play Monopoly, only this time, it’s not just the “get out of jail free” card that’s at stake. 💰

Wallets are bursting with Ether ETFs and Ethereum treasury companies are buying like they’re at a clearance sale, hinting that investors seem to expect the party to continue! 🎉

The firm acquired 84.4 million shares, worth approximately $820 million, which gave it a 12.9% stake in the Bitcoin treasure company.

But how did they manage this feat, you ask? It’s quite simple, really. They just went on a shopping spree between July 7 and 13, snapping up over 74,000 ETH for a cool $156 million. That works out to an average price of $2,852 per ETH. Not bad, considering the current market 📈.

As July’s ardent sunshine bathed the streets, a whisper from Bloomberg danced into being, proclaiming a terminal halt to the meticulously orchestrated investigations that commenced in the disarray of post-election fervor. Oh, what a tangled web of fate, woven with threads of anticipation and caffeine! ☕️

The courtroom drama, delivered with all the clarity of a foggy day, was handled by the Seoul Southern District Court. After an epic 12-month legal wrestling match, the verdict was as clear as mud, suggesting the ex-CEO was just a hapless bystander on this wild crypto rollercoaster. News1 first broke the news, probably while sipping a fancy latte. ☕🎤

The AI token is currently trading at $2.52 as it continues to hold above the $2.50 level of support. A drop below $2.48 would pave the way for downside extension all the way down to $2.34, which was the base of last Thursday’s rally.

Ted Pillows, a market investor and entrepreneur, highlighted this in a post on X, suggesting it could signal an incoming rally for Ethereum. Because, you know, a golden cross is like the crypto version of a Taylor Swift album drop – everyone gets excited 🎉.

After a whirlwind tour through cities like Washington, New York, and Boston—where he met folks like crypto cowboys and Wall Street wizards—Kendrick shared that there’s a growing buzz among the crypto elite (plus some suit-wearing folks) that once we tiptoe past that $750 billion line, stablecoins will throw a big ol’ party in government debt issuance and monetary policy. 🍾💸