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Crypto.com, a Billion-Dollar Sports Advertiser, Sues SEC Amid Probe

Crypto.com, whose prominent sports partnerships include UFC and naming rights to the Los Angeles Lakers’ arena, is suing the U.S. government claiming it is overstepping its jurisdiction regarding cryptocurrencies and securities law. The company’s suit, announced Tuesday morning, comes immediately after the U.S. Securities and Exchange Commission (SEC) served it with a Wells notice, …

Brevan Posts Best Monthly Return Since 2022 on Fed Rate Cut

(Bloomberg) -- Brevan Howard Asset Management returned 5.1% in September, its best monthly return since 2022, as the Federal Reserve cut interest rates more than some traders expected. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After H

Bitcoin Protocol Babylon Hours Away From Opening 'Duration-Based' Staking Round

Bitcoin protocol Babylon will complete is second staking round at around 18:30 UTC (2:30 p.m. ET) on Tuesday. The staking round is "duration-based," meaning it will be last for 10 Bitcoin blocks, lasting around one hour and 40 minutes, assuming an average block time of 10 minutes. Babylon, a Bitcoin protocol which completed a staking round capped at 1,000 BTC ($62.4 million) in August, will open for business again on Tuesday with a new "duration-based" round.

Ares’ deVeer Sees Fed Rate Cuts Catalyzing Future Deal Flows

(Bloomberg) -- While the Federal Reserve’s rate cuts may soften returns in all of floating-rate credit, the easing cycle will nonetheless be a catalyst for deals, said Kipp deVeer, head of the credit group at Ares Management Corp.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by Sch

Iran Is Still Shipping Crude Oil From Key Kharg Island Terminal

(Bloomberg) -- Iran is still exporting crude from its main Kharg Island terminal even after a flotilla of tankers fled nearby waters where they’d normally wait their turn to collect cargoes. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned A