It’s not 2021 all over again. Not yet. But some of the same signs are flashing again.
Dolce & Gabbana USA Inc., the American branch of the Italian luxury fashion house, has been dismissed by a federal judge from a class-action lawsuit involving its NFT project. Dolce & Gabbana USA Was Not Behind Failed NFT Project According to a July 11 ruling from Judge Naomi Reice Buchwald of the Southern District of New York, Dolce & Gabbana USA Inc. is cleared from the high-profile litigation as it is not an “alter ego” of its parent company, Dolce & Gabbana SRL, which was in charge of the NFT-focused “DGFamily” project. “The Court finds that plaintiff has not adequately alleged that D&G S.R.L. completely dominated D&G USA even if D&G S.R.L. allegedly shared some employees and office space with D&G USA,” the filing states in part. “For the foregoing reasons, D&G USA’s motion is granted,” Reice concludes. DGFamily NFT Project Slammed As Rug Pull In Lawsuit Filed in May and amended in September 2024 , the lawsuit alleges that Dolce & Gabbana US and its Italian counterpart abandoned the “DGFamily” NFT project and failed to deliver on the mission’s promises while retaining customer funds. According to the Dolce & Gabbana website, “DGFamily” supposedly provided access to exclusive drops and collaborations, digital wearables, physical products, and events hosted by the company. However, the litigation implies that the iconic fashion house’s digital asset venture was nothing more than a classic “rug pull.” 1/ Dolce&Gabbana and @UNXD_NFT announce the highly anticipated launch of the DGFamily community. 3 distinct Boxes + digital, physical, & experiential benefits that take holders on a journey between real life & the metaverse. https://t.co/JMmmWZuRPu https://t.co/sCWuIQSwnD pic.twitter.com/r5t0M3FfBs — Dolce & Gabbana (@dolcegabbana) February 21, 2022 “Each of Defendants’ misrepresentations and omissions were material because they were designed to, and did, entice the public into purchasing unregistered securities (DGFamily Products) which were barely more than a vehicle for the Defendants’ enrichment,” the lawsuit reads. “Either through reckless incompetence or greed, Defendants failed to deliver what they promised in exchange for purchasing their digital assets and abandoned their crypto project while retaining over $25 million used to fund the project,” it continues. With the U.S. branch now cleared from the litigation, it remains unclear how the lawsuit will proceed. The post Not Their Bag: Dolce & Gabbana USA Dismissed from NFT Fraud Case appeared first on Cryptonews .
On July 15, blockchain analytics platform Lookonchain reported that the wallet known as “LeBron” generated approximately $16.7 million via transactions involving the TRUMP, MELANIA, and LIBRA tokens. Subsequently, the address
A newly launched XRP ETF in Canada has surged past $50 million in assets within weeks, fueled by zero fees, regulatory clarity, and institutional-grade crypto exposure. 3IQ’s XRP ETF Crosses $50M in Weeks With Zero Fees and Full Regulatory Backing Rising demand for regulated crypto investment products, particularly in assets like XRP, is driving capital
On July 14, Binance Alpha’s trading volume registered at US$395.62 million, reflecting a subdued activity level relative to its historical highs, as reported by the data analyst @pandajackson42. Within this
Tron founder Justin Sun has called on the community to lower the network’s gas fees The proposal comes after the price of Tron (TRX) surged over 51% since February to pass the $0.30 mark Sun says lower fees are necessary to keep the network competitive and encourage continued user adoption As the price of Tron (TRX) surges past the key $0.30 level, the network’s founder, Justin Sun, is now calling on the community to lower the network’s gas fees to keep the blockchain competitive. According to Sun, such is necessary to enable the project’s competitiveness, considering its native token’s rising price. As the price of TRX continues to rise, the Tron community should adopt various measures to reduce Tron’s gas fees—whether by lowering the unit price of energy, increasing the energy cap, or encouraging energy staking—to ensure the Tron network remains competitive. — H.E. Justin Sun (@justinsuntron) July 13, 2025 The “Good Problem”: Why a Rising Price Means Higher Fees In one of his post on the social media platform X, the famed blockchain entrepreneur noted that while a rising TRX price is good for investors, it can make using the network mo… The post The “Good Problem” Facing Tron as Its TRX Token Surges appeared first on Coin Edition .
The U.S. House of Representatives is set to conduct a pivotal vote this week concerning the crypto market structure and the regulation of stablecoins. This legislative move aims to establish
Bitcoin has set a new all-time high (ATH) around $123,000, but cryptocurrency market inflows are still far from the peak observed back in 2024. Crypto Capital Inflows Are Currently Sitting At $51 Billion As pointed out by analyst Ali Martinez in a new post on X, there is a stark difference in capital participation between the current Bitcoin rally and the one from December 2024. Related Reading: Bitcoin Breaks $118,000—But Liquidity Still Thin, Glassnode Warns Below is the chart shared by the analyst that compares the two bull runs. The graph captures the 30-day capital flows occurring for Bitcoin, Ethereum, and the stablecoins. For the former two assets, it tracks them using the Realized Cap indicator. The Realized Cap is a capitalization model that calculates a given cryptocurrency’s total value by assuming that each coin in the circulating supply has its value equal to the last time it changed hands on the network. In short, what the metric represents is the amount of capital that investors of the asset as a whole have put into it. Changes in this indicator, therefore, correspond to the entry or exit of capital into the network. As is visible in the chart, the 30-day Realized Cap change for Bitcoin and Ethereum (colored in orange) has gone up alongside the latest price rally, indicating that capital has flowed into these coins. It’s also apparent that stablecoin flows (blue) have also noted an uptick, although the scale has been smaller. For stables, capital flow can be directly measured using the market cap, since their price is always pegged to $1 means that the Realized Cap never differs from the market cap. In the cryptocurrency sector, capital mainly comes in through three entry points: Bitcoin, Ethereum, and stablecoins. The altcoins usually only receive a rotation of capital from these assets. Since the flows related to the three have recently been positive, the market as a whole has been getting an injection of capital. In total, the aggregate capital inflows for the cryptocurrency sector have stood at $51.2 billion for the past month. This is certainly a sizeable figure on its own, but it pales in comparison to what was witnessed before. Related Reading: Bitcoin Price Breaks 8-Year Resistance Line That Failed In 2017-2021 As Martinez has highlighted in the chart, the monthly capital flows peaked at almost $135 billion in the December 2024 Bitcoin rally above $100,000, more than double the latest number. Something to keep in mind, however, is the fact that the previous run was more explosive, while the latest one has come in two waves: an initial recovery surge above $100,000 that led into a consolidation phase and the current breakout into the $120,000 levels. This could, at least in part, explain why the metric has appeared relatively cool recently. Bitcoin Price At the time of writing, Bitcoin is trading around $121,700, up nearly 3% over the last 24 hours. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
The prime suspect for the next demand zone was the highs set in February at $0.364.
BlackRock's Bitcoin ETF, IBIT, may soon achieve $100 billion in value. Institutional interest and Bitcoin's price surge contribute to ETF's growth. Continue Reading: BlackRock’s Bitcoin ETF Skyrockets in Value: Are New Records on the Horizon? The post BlackRock’s Bitcoin ETF Skyrockets in Value: Are New Records on the Horizon? appeared first on COINTURK NEWS .