Mark Zuckerberg's Meta agrees to a $1.4bn settlement with Te | AuthSANKchain on Binance Square

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Mark Zuckerberg's Meta agrees to a $1.4bn settlement with Texas over claims it illegally used facial recognition to collect biometric data of millions of users without consent.

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The SEC has imposed a staggering $4.7bn in enforcement actions against crypto firms in 2024, marking a 3,000% increase from the $150.3m recorded in 2023. This surge is largely driven by a record $4.47bn settlement with Terraform Labs and its former CEO, Do Kwon, in June.

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FTX has reached a settlement with Emergent Technologies over the disputed $600m worth of Robinhood shares. As part of the deal, FTX will pay Emergent $14m to cover administrative expenses, and in return, Emergent will withdraw its claim to the 55m Robinhood shares and associated cash. The settlement allows for a quicker resolution of Emergent’s bankruptcy case in Antigua and helps FTX avoid further litigation costs, with a focus on maximizing value for its creditors. The shares, originally acquired by Emergent in 2022, were liquidated to Robinhood for around $606m following FTX’s collapse in 2022. A hearing on the matter is set for October 22.

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Rumble has been banned in Brazil, with CEO Chris Pavlovski warning of growing restrictions in other countries as it is also blocked in France, Russia, and China. The platform is currently facing legal battles in France over free speech and has joined Elon Musk’s X in suing the Global Alliance for Responsible Media (GARM) for allegedly boycotting their platforms.

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Significant events this week are anticipated to impact macro markets, potentially causing fluctuations: —Sept. 9: Consumer Inflation Expectations report —Sept. 10: Donald Trump and Kamala Harris ABC News —Sept. 10: Organization of the Petroleum Exporting Countries (OPEC) monthly report — Sept. 11: August Consumer Price Index (CPI) report —Sept. 12: Core Producer Price Index (Core PPI YoY) report —Sept. 13: Michigan Consumer Sentiment Preliminary report

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Binance released its 22nd proof of reserves with a snapshot date of September 1. The report shows: ⚫BTC: 605,690, down 1.27% ⚫USDT: 22.11bn, up 4.34% ⚫ETH: 4.49m, down 4.26% ⚫BNB: 40.71m, up 0.42% ⚫SOL: 32.03m, down 2.11% ⚫XRP: 2.76bn, down 5.12% ⚫USDC: 1.51bn, down 3.18%

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