Core Viewpoint - Bitfarms Ltd. is facing a class action lawsuit due to allegations of misleading financial reporting and inadequate internal controls, which have led to the misclassification of cash flows and potential restatements of financial statements [3][4]. Group 1: Class Action Details - The class action represents investors who purchased Bitfarms securities between March 21, 2023, and December 9, 2024, with a deadline for filing a lead plaintiff motion set for July 8, 2025 [1]. - The lawsuit claims that Bitfarms made false statements and failed to disclose significant issues regarding its financial reporting practices [3]. Group 2: Allegations Against Bitfarms - Allegations include inadequate internal controls over financial reporting, misclassification of proceeds from digital asset sales, and overstating the company's ability to address material weaknesses in internal controls [3]. - Specifically, Bitfarms misclassified cash flows from digital asset sales as operating activities instead of investing activities, leading to inaccuracies in previously issued financial statements [3][4]. - On December 9, 2024, Bitfarms announced that its financial statements for fiscal years 2022 and 2023 contained material errors and would require restatement due to the misclassification of cash flows [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Bitfarms Ltd. regarding a class action lawsuit due to alleged misleading financial statements and internal control deficiencies [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that Bitfarms issued materially false and misleading statements during the class period from March 21, 2023, to December 9, 2024 [3]. - Specific allegations include: - Deficient internal controls over financial reporting [3]. - Incorrect categorization of proceeds from the sale of digital assets as cash flow from operating activities instead of investing activities [3]. - Overstatement of the remediation of material weaknesses in internal controls related to the classification of 2021 Warrants [3]. - Misstatements in previously issued financial statements, which may require restatement [3]. - Public statements made by the company were materially false and misleading throughout the relevant period [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 8, 2025, to participate in potential recovery [4]. - Registration includes enrollment in a portfolio monitoring software for status updates on the case [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].

🚨 NEW: Ripple CEO Brad Garlinghouse will testify before the Senate Banking Committee on Wednesday to advocate for crypto market structure legislation in the US. https://t.co/oHksTTvRT2 ...

IREN, BitFuFu notch June records as mining sector shows mixed signals https://t.co/t2CJCHyDGi ...

Core Viewpoint - The new guidelines from the U.S. Securities and Exchange Commission (SEC) signify a major shift in the regulatory approach towards cryptocurrency-related exchange-traded products (ETFs), paving the way for numerous pending applications to be approved [1][2]. Group 1: Regulatory Changes - The SEC has established a working group to draft new regulations and has restructured its cryptocurrency enforcement team, indicating a significant change in how the agency handles cryptocurrency matters [1]. - The 12-page document released outlines the first part of a new framework for cryptocurrency funds, aimed at addressing the surge in ETF applications awaiting regulatory decisions [1][2]. - The SEC's guidance emphasizes the need for issuers to clearly articulate the unique factors of cryptocurrency-based ETFs in plain language, including custody arrangements and market risks [2]. Group 2: Application Process Improvements - The SEC is seeking to create a new listing template to replace the current requirement for special forms for each new cryptocurrency product, which could reduce the time from application to product launch from up to 240 days to just 75 days [2][3]. - A senior executive from an issuer indicated that the SEC is working on a universal rule applicable to all listings, with exchanges expected to submit such applications soon [3]. Group 3: Market Developments - While several ETFs linked to cryptocurrencies like Ripple, Polkadot, and meme coins await SEC decisions, the next wave of products is expected to be linked to Solana, the sixth-largest cryptocurrency globally [3]. - REX Financial and Osprey Funds have launched the first U.S. ETF allowing investors to invest in Solana indirectly, bypassing regulations governing commodity funds [4]. - The new ETF attracted $12 million on its first day of trading, indicating strong market interest and competition for new Solana product shares [5].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Bitfarms Ltd. regarding a class action lawsuit due to alleged misleading statements and deficiencies in financial reporting during the specified class period [1]. Group 1: Allegations Against Bitfarms Ltd. - The complaint alleges that Bitfarms maintained deficient internal controls over financial reporting [1] - It is claimed that the company incorrectly categorized proceeds from the sale of digital assets as cash flow from operating activities instead of investing activities [1] - The company allegedly overstated its ability to remediate material weaknesses in its internal controls related to the classification of the 2021 Warrants [1] - These errors reportedly caused Bitfarms to misstate various items in previously issued financial statements, which may need to be restated [1] - As a result, the company's public statements were materially false and misleading throughout the relevant period [1] Group 2: Class Action Participation - Shareholders who purchased shares of Bitfarms during the class period from March 21, 2023, to December 9, 2024, are encouraged to register for the class action [2] - The deadline for shareholders to seek lead plaintiff status is July 8, 2025 [2] - There is no cost or obligation for shareholders to participate in the case, and they will receive status updates through portfolio monitoring software [2] Group 3: About The Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]

头图来自：AI生成 "我真没想到稳定币已经可以直接花了，就像刷支付宝一样。" Ella 有些惊讶地说，语气里带着一种"时代突然追上自己"的错愕。 她老公是 Web3 圈里小有名气的 KOL，平时为了把加密货币换成法币，开了不下五张海外银行卡。他 们甚至还专门跑去香港，把 USDT 从指缝般狭窄的窗口里换成港币现金。 在越南旅行的第一天清晨，他们走进胡志明市一家连锁咖啡馆，点完拿铁和法棍，店员指着收银屏幕上 一张二维码说可以用"USDC"，Ella 拿过老公的手机试着使用钱包扫码，支付界面跳出来，只用了不到 五秒钟就完成了支付。 那一瞬间，她第一次不是听人讲"稳定币有多牛"，而是用自己的手指头感受到，它真的成了日常生活的 一部分。 2025 年之前，没有人想过 Crypto 行业的下一次大规模出圈居然是因为稳定币。 回顾前两次，比特币讲的是去中心化的价值共识，NFT 讲的是新一代数字文化符号和身份。但它们更 像是属于特定圈层的象征，穿越过热搜和朋友圈之后，又回到了少数人的钱包里。 但稳定币这次不太一样。 对我们来说，稳定币或许仍然是一个概念，是政策新闻，是股价 K 线；而对于世界另一面的人们来 说，稳定币早就已 ...

It's funny seeing some trying to call 'top' on BonkFun and the BONK ecosystemjust after it flipped Pumpfunsorry to burst your bubble, but the main face-melting move for the BonkFun ecosystem hasn't even started yetand it's going to be so aggressive that everyone will be forced to talk about itthere are so many gems within the ecosystem that look primed for aggressive upward repricingi'm also anticipating an influx of new developers flocking to the platform to launch strong narratives now that it's proven it ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitfarms Ltd. securities during the specified Class Period of the upcoming lead plaintiff deadline on July 8, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Bitfarms securities between March 21, 2023, and December 9, 2024, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must act by the July 8, 2025, deadline to serve as lead plaintiff [2]. - The lawsuit alleges that Bitfarms made false and misleading statements regarding its financial reporting and internal controls, which led to inaccurate financial statements that may need to be restated [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [3].

Sweden Orders Police to Increase Seizures of Criminal Crypto Profits► https://t.co/3nDlPIgQtA https://t.co/3nDlPIgQtA ...