Connect with us
DAPA Banner

Crypto World

Nvidia investor class cleared in crypto revenue suit

Published

on

Nvidia investor class cleared in crypto revenue suit

Nvidia now faces a certified investor class in a long-running securities case tied to the 2017-2018 crypto mining boom. 

Summary

  • Judge certified investors as a class in Nvidia’s lawsuit over crypto-linked gaming revenue disclosures today.
  • Nvidia faces claims it misled shareholders about mining-driven GPU sales during the 2017 boom period.
  • The case now moves forward after courts let investors pursue the securities claims together formally.

A California federal judge ruled on March 25 that shareholders who bought Nvidia stock during a defined period can pursue their claims together, while the case moves into its next stage.

US District Judge Haywood S. Gilliam Jr. certified a class covering investors who acquired Nvidia common stock from August 10, 2017, through November 15, 2018. The ruling focused on whether the alleged statements may have affected Nvidia’s share price, which is a key issue in class certification.

Advertisement

The order does not decide whether Nvidia or Chief Executive Jensen Huang committed fraud. It allows investors to press the case together instead of filing separate lawsuits.

Investors allege that Nvidia and Huang misled the market about how much gaming revenue came from GPU sales tied to cryptocurrency miners. Current reporting says the plaintiffs claim Nvidia concealed more than $1 billion in crypto-related GPU sales during that period.

The complaint links the case to two market reactions in 2018. Court filings cited in the Supreme Court record say Nvidia stock fell 4.9% after the company’s August 16, 2018 earnings update, and then dropped 28.5% over two trading days after its November 15, 2018 revenue warning.

Advertisement

Moreover, the dispute has already survived several legal tests. In December 2024, the US Supreme Court dismissed Nvidia’s appeal and left in place a lower court ruling that allowed the shareholder suit to continue.

The case also follows Nvidia’s 2022 settlement with the US Securities and Exchange Commission. The SEC said Nvidia failed to give investors proper disclosure about the effect of cryptomining on its gaming business, and the company agreed to a cease-and-desist order and a $5.5 million penalty without admitting or denying the findings.

Nvidia prepares for the next stage

Nvidia has continued to reject the claims. After the Supreme Court decision in 2024, a company spokesperson said Nvidia was “fully prepared to continue our defense,” while maintaining that clear standards in securities litigation matter for shareholders and the market.

The court has scheduled a case conference for April 21, 2026, as the lawsuit moves forward after class certification. With that step complete, the case now shifts from the fight over procedure to the evidence that investors and Nvidia will present in court.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

XRP Spot ETF Hits 11-Week Inflow Record

Published

on

XRP Spot ETF Hits 11-Week Inflow Record

XRP spot ETFs recorded $17.11 million in net inflows on April 15, their largest single-day intake in nearly 11 weeks, as four consecutive days of positive flows pushed combined assets under management above $1.25 billion.

Summary

  • XRP spot ETFs drew $17.11 million on April 15, the strongest single-day inflow since February 3, 2026, bringing a four-day total to $38.86 million.
  • Combined US-listed XRP ETF assets under management crossed $1.25 billion as the token rallied 6% to $1.42 on Thursday, reclaiming fourth place by market cap.
  • Analysts say the CLARITY Act roundtable and Ripple’s new tokenized bond pilot with Kyobo Life are adding regulatory and utility tailwinds behind the inflow surge.

XRP (XRP) spot ETFs logged their largest single-day inflow in nearly 11 weeks on April 15, with $17.11 million flowing into US-listed products, per SoSoValue data. The figure marks the strongest daily intake since February 3, 2026, and extends an inflow streak to four consecutive sessions for the first time since March.

Over those four days, US-listed XRP ETFs drew a combined $38.86 million, pushing total net assets to over $1.25 billion. XRP itself rose 6% to $1.42 on Thursday, outperforming every other token in the top 10 by market cap.

Advertisement

The timing aligns with a broader improvement in crypto market sentiment driven by US-Iran ceasefire diplomacy and easing macro risk. XRP specifically has been benefiting from additional catalysts beyond the macro backdrop.

The SEC’s CLARITY Act roundtable, which kicked off in Washington today, is being closely watched by the XRP community as it could clarify the regulatory treatment of digital assets used in payments, an area where XRP has direct exposure. The prospect of legislative progress has brought institutional buyers back to the ETF market.

Ripple’s announcement on April 14 of a tokenized government bond pilot with South Korea’s Kyobo Life Insurance also reinforced XRP’s real-world settlement utility, adding a fundamental narrative alongside the technical inflow momentum. XRP ETFs posted a record $119.6 million across global products the week ending April 11, driven largely by European buyers, before Wednesday’s US-led single-day surge reset the domestic record.

Advertisement

What Analysts Are Watching

XRP remains roughly 23% below its January 2026 high despite Thursday’s rally. Analysts say the $1.60 level, which aligned with XRP’s March 17 high, is the first meaningful resistance test. A sustained hold above $1.40 is needed to avoid a false breakout reading on the chart.

The four-day inflow streak is constructive because XRP’s exchange supply has dropped to multi-year lows, meaning ETF accumulation is absorbing tokens from an already thin exchange order book. When ETF demand meets low exchange supply, price elasticity tends to increase on the upside.

XRP price has rallied 6% to $1.42 with its market cap moving back above $87 billion, with further upside contingent on clarity from today’s SEC roundtable and continued ceasefire progress reducing the macro headwinds that have kept risk assets pressured since February.

Advertisement

Source link

Continue Reading

Crypto World

Bitcoin’s Quantum Migration May Reveal Number of Satoshi Coins: Adam Back

Published

on

Bitcoin's Quantum Migration May Reveal Number of Satoshi Coins: Adam Back

Blockstream CEO Adam Back said Thursday that a future post-quantum migration of Bitcoin could help clarify how many coins linked to Satoshi Nakamoto remain accessible, because any owner wanting to protect vulnerable holdings would need to move them to a new address format.

Speaking at Paris Blockchain Week, Back said such a migration would likely give users ample time to move funds and argued that coins left unmoved after that process could reasonably be treated as lost.

“This migration to post-quantum address format may tell us how many of those coins [Satoshi] still has,” said Back, adding that the pseudonymous creator has an estimated 500,000 to 1 million Bitcoin (BTC).

Satoshi’s Bitcoin stash has ignited heated debate among Bitcoin holders concerned by the quantum computing threat. On Wednesday, Jameson Lopp and five co-authors published a Bitcoin Improvement Proposal aimed at restricting the future movement of coins held in quantum-vulnerable address formats, including older coins whose public keys have already been exposed.

Advertisement
Adam Back, keynote speech at Paris Blockchain Week in 2026. Source: Cointelegraph

Blockchain data platform Arkham estimates that Nakamoto-linked wallets hold 1.09 million Bitcoin, currently valued at $81.6 billion.

Related: Bernstein says Bitcoin market already priced in quantum risk

Back sees long runway on quantum

Back said Bitcoin developers and holders still have substantial time to prepare, arguing that a quantum breakthrough capable of threatening Bitcoin signatures is at least 20 years away.

He argued that today’s quantum computers are “less powerful than a $5 calculator” and that some of their issues become more pressing as these systems scale, such as their energy consumption.

Back said that runway should give developers and users ample time to develop a post-quantum path and migrate to a new quantum-resistant standard underpinned by hash-based signatures.

Advertisement
Hash-based signature schemes for Bitcoin, research paper. Source: Blockstream Research

In December 2025, Back’s Blockstream Research released a paper proposing a hash-based signature scheme that offers a “promising path for securing Bitcoin in a post-quantum world,” as a quantum-safe replacement for the ECDSA and Schnorr signatures. Under the proposal, security would rely solely on hash function assumptions, similar to the ones currently used in Bitcoin’s network design.

The Elliptic Curve Digital Signature Algorithm (ECDSA) uses elliptic-curve cryptography to verify the authenticity and integrity of a message. Schnorr signatures are another signature scheme praised for enhancing privacy and reducing data size, due to their ability to combine multiple signatures into one.

Magazine: Bitcoin vs. the quantum computer threat — Timeline and solutions (2025–2035)