While Roni Cohen-Pavon’s lawyers have asked for time served, US Attorney Jay Clayton was unspecific in the federal government’s recommendation, requesting the judge defer to sentencing guidelines. Federal prosecutors are recommending a light sentence for Roni Cohen-Pavon, the former chief revenue officer of defunct cryptocurrency lending platform Celsius. In a Monday letter filed in the US District Court for the Southern District of New York (SDNY), US Attorney Jay Clayton cited Cohen-Pavon’s “substantial assistance” to the government, by being prepared to testify against former Celsius CEO Alex Mashinsky. Prosecutors did not request a specific amount of time for the former chief revenue officer to spend in prison, instead asking the judge to consider the sentencing guidelines for an “appropriate sentencing reduction for a defendant who has rendered substantial assistance.” Read more
Bernstein points to Figure’s expansion beyond home equity lending into blockchain-based credit, as tokenization begins to scale across broader loan markets. Shares of Figure Technology Solutions have risen nearly 10% over the past month, but the stock still appears undervalued as the company pivots beyond its roots as a fintech lender, according to Bernstein. In a Tuesday research note, the firm reiterated its “Outperform” rating on Figure (FIGR), with a $67 price target, implying roughly 67% upside from current levels, and maintained its previous outlook. Read more
XRP price broke out of a multi-month bull flag, while other chart technicals are also supporting more upside in the near term. XRP (XRP) is currently displaying a technical pattern that follows a 2025 fractal that produced 66% gains. The daily chart shows XRP price breaking out of a bull flag, which can also result in massive gains. Key takeaways: Read more