Cryptocurrency
Figure Markets Works with Shareholder of Ionic Digital to Investigate Potential Board Misconduct

[PRESS RELEASE – San Francisco, California, September 7th, 2024]
Figure Markets today announced that, together with Veton Vejseli, a shareholder of Ionic Digital, it has requested access to certain company records under Section 220 of the Delaware General Corporation Law. This request seeks information to investigate potential misconduct by the Board of Directors and assess their performance of fiduciary duties.
Figure Markets and Mr. Vejseli believe access to these records (the “Books and Records”) is crucial for protecting shareholder interests. This request arises from concerns about potential self-dealing behavior by board members and actions that may have disadvantaged shareholders. Specific areas of investigation include:
- Agreements with Hut 8 Corp., an owner of bitcoin mining operations that operates as a direct competitor to the Company and whose CEO control Ionic’s board seats.
- Excessive Board compensation packages.
- Restrictions on trading Ionic stock.
- Delays in registering the company’s Class A Common Stock.
Based on interactions with the Board, public filings, and other information, Figure Markets and Mr. Vejseli believe the Board may be prioritizing its own interests over those of shareholders. This pattern of behavior is allegedly evidenced by:
- Rejection of Figure Markets’ proposals during Celsius bankruptcy proceedings.
- Approval of deals with Hut 8 that seemingly circumvent shareholder oversight.
- Self-appointment of key decision-makers in the Chapter 11 process.
- Generous compensation packages for Board members.
- Unreasonable delays in listing and registering Ionic’s stock.
“Having been involved in the Celsius bankruptcy from the beginning, it’s unfortunate how creditors have been treated,” said Mike Cagney, CEO of Figure Markets. “We hope by forcing a special shareholder meeting to improve Ionic’s management, governance, and strategy, we can salvage value for shareholders.”
In response to widespread shareholder dissatisfaction, Figure Markets initiated a grassroots social media campaign aimed at securing 25% of Ionic shareholders to call for a special shareholder meeting. Remarkably, despite the challenge of rallying 86,000 shareholders, none of whom hold more than 1% of the stock, Figure Markets has successfully garnered support from 29% of the outstanding shareholders.
Figure Markets and Mr. Vejseli believe the Board’s actions may constitute gross negligence and warrant removal. They also express concern that these actions may have stripped shareholders of their voice in company governance. Access to the Books and Records represents a critical step towards restoring shareholder democracy at Ionic.
This inspection request will allow Figure Markets and Mr. Vejseli to investigate potential misconduct and assess the Board’s performance of its fiduciary duties. They urge the Board to act with urgency and collaborate constructively to address shareholder concerns.
The full text of the Books and Records demand can be found here.
About Figure Markets
Figure Markets is democratizing finance through blockchain. We’re building the exchange for everything – a decentralized custody marketplace for crypto, stocks, bonds, credit and more. We’re bringing best in class leverage, margin trading, and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities. Figure Markets puts our members in control of their assets and data, disintermediating legacy brokers, exchanges and lenders.
Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from TradFi, fintech, and DeFi, including Mike Cagney and June Ou.
Learn more at www.figuremarkets.com.
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Cryptocurrency
3 Things to Watch in Ripple’s (XRP) Price Today

XRP is testing the resistance at $2.3. Will it break?
Key Support levels: $2
Key Resistance levels: $2.3, $2.6, $3
1. Key Resistance Under Pressure
Yesterday, buyers pushed XRP to the key resistance at $2.3, but sellers returned to stop a breakout. At the time of this post, the price is in a pullback. Nevertheless, this is a positive sign that shows buyers are returning. If this bullish momentum intensifies, then $2.3 could fall and be followed by a test of $2.6 next.
2. Optimism Returns
With the price keen on making higher highs, optimism is returning to this cryptocurrency. This can be seen on the volume profile where buyers have dominated in the last few days. A break above $2.3 will likely see the volume spike and allow further price expansion into new highs.
3. MACD Turning Bullish
After the daily MACD turned positive last week, the 2-day MACD has also turned bullish today. This shows that the buy momentum is slowly creeping into higher timeframes which will build confidence in the price action and attract more buyers. With a positive feedback loop in action, XRP has a good shot at $2.6 or even higher in July.
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Cryptocurrency
Bitcoin Traders Wait Important Economic Announcements Today, These Altcoins Plummet (Market Watch)

Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are expecting a few important economic events during today’s session.
Meanwhile, the broader cryptocurrency market is also reflecting the uncertainty as the majority of altcoins are trading in the red with some charting a lot bigger declines than others.
Bitcoin Price Waits for News
The deep involvement of corporate Bitcoin buyers and institutions has surely played a major role in its price increase over the past year but it’s also the reason why the crypto market has been largely correlated to traditional ones.
A few years ago, literally nobody cared about metrics such as CPI, PMI, and whatnot, but now every crypto trader has them on their watchlist.
As such, today is also shaping up to be a volatile experience with a few important economic events on the calendar.
First, Jerome Powell will speak in the afternoon, followed by data for job openings, PMI, and ISM manufacturing – all indicators that shape policymaking, especially when gauging the strenght of the local economy.
That said, Bitocin’s price is down about 1% on the day and is currently trading at around $106,500 after having tested $109,000 yesterday. It’s interesting to see if the bulls have it in them to push bakc towards the upper boundary of the recent trading range or if the bears will send the price back below $105K.
Altcoins in Red, Some More Than Others
As you can clearly see in the heatmap below, the altcoins are also not having a great day. This is, perhaps, to be expected – Bitcoin’s dominance over the market has been rising gradually over the past many months and whenever BTC slips, altcoins crash.
The past 24 hours have hardly been a crash, though, but it’s clear that most of them are charting more considerable declines.
This is especially true for TKX, ARB, SPX6900, SEI, and others, that are down between 8% and 15% on the day.
Believe it or not, Bitcoin Cash (BCH) is today’s best performer, gaining more than 6%. Who would have thought?
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
How Much You Should Invest in Bitcoin (BTC)? Veteran Trader Peter Brandt Weighs in

TL;DR
- The expert advises monthly investments in SPY and BTC for long-term success.
- The leading cryptocurrency is up 6% this week and trades near $108,000. Analysts are split – some see a breakout to $130K – $200K if key resistance levels are cleared, while others warn of a possible drop to $100K or even $95K if momentum fades.
‘Trading is the Wrong Path’
Besides its fundamentals and ability to transform the global financial system, Bitcoin (BTC) has proven to be an excellent investment opportunity.
At least, that was the case in the past few years: the asset went through multiple bear and bull markets to eventually cross the $100,000 mark. Currently, it trades at around $108,000 (according to CoinGecko’s data), representing a 75% increase on a yearly scale and a substantial 43,000% jump compared to its valuation a decade ago.
But does the leading cryptocurrency remain a good investment after this major rally over the years, and how much should people allocate to it? That’s a question many people are trying to figure out.
It seems that there isn’t a direct answer, and it all depends on the risk profile of the investors, as well as other important factors. However, one can turn to certain experts who are experienced enough to give guidance.
An example is the veteran trader Peter Brandt, who recently suggested that approximately 95% of people fail when trading. Instead, he advised them to excel in their regular jobs, prioritize their families, and invest in homeownership. Last but not least, Brandt recommended making monthly investments, allocating 80% of the amount to SPY (the ETF that tracks the S&P 500 Index) and 20% to BTC.
Trading is the wrong path for 95% of ppl
Most would be better off becoming excellent at a day job (engineer, plumber, welder, vet, sales)
Live economically
Get married, have kids
Buy a twin home – rent out one of them
Invest monthly – 80% in $SPY and 20% in Bitcoin— Peter Brandt (@PeterLBrandt) June 29, 2025
The Next Potential Targets
Let’s now take a closer look at BTC’s recent performance and explore its chances for a further pump in the short term. The asset has increased in value by approximately 6% over the past week, with numerous analysts predicting a surge to a new all-time high if certain conditions are met.
The X user Cipher X believes “a strong weekly close” above $107,720 could open the door to a further rally to as high as $130,000-$135,000 in Q3 2025.
“Just look at Q4 2024 chart and you’ll see what happened when BTC had its biggest weekly close,” they added.
Merlijn The Trader thinks the final pump for this bull run is coming, envisioning a fresh ATH of around $200,000 towards the end of the year. At the same time, he advised investors to take profits, anticipating a drastic pullback to $95,000 shortly after that.
On the contrary, Ali Martinez argued that the cryptocurrency currently faces a key rejection while the stochastic RSI flashes a death cross on the daily chart. The analyst thinks a plunge to $100,000 is not out of the question unless “we get a sustained close” above $109,000.
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