PANews reported on September 24 that according to Bloomberg, Marshall Wace filed a lawsuit against crypto data provider Lukka Inc., intending to prevent it from advancing a new round of financing because the investment management company believes that this round of financing will put two of its funds at a disadvantage. On Thursday, Delaware Chancery Court Judge Lori Wil approved Marshall Wace's request and decided to temporarily suspend the proposed financing plan while the lawsuit was expedited. Previously, in 2022, Marshall Wace's XO Digital Finance Fund and Eureka Fund invested $50 million in Lukka as part of the Series E preferred stock financing in exchange for the right to consent to certain data providers' actions that may affect the investment. In the lawsuit, Marshall Wace's investment fund accused Lukka of violating the company's articles of association and that its consent was required for this round of proposed financing, but Lukka's lawyer said that consent was not required in this case. In addition, it also accused Lukka of reaching a "pay-to-participate" financing plan that unfairly benefited Liberty City Ventures. If the financing is successful, Marshall Wace's repayment order in the liquidation event will be reduced from the first to after the three new series of senior preferred shares, making it extremely difficult to obtain compensation. Marshall Wace had expressed its willingness to participate in the financing after the terms were modified, but was rejected. Lukka's lawyer said that if the financing is suspended, the company will be harmed because it needs the funds to "continue operations and pay employees."PANews reported on September 24 that according to Bloomberg, Marshall Wace filed a lawsuit against crypto data provider Lukka Inc., intending to prevent it from advancing a new round of financing because the investment management company believes that this round of financing will put two of its funds at a disadvantage. On Thursday, Delaware Chancery Court Judge Lori Wil approved Marshall Wace's request and decided to temporarily suspend the proposed financing plan while the lawsuit was expedited. Previously, in 2022, Marshall Wace's XO Digital Finance Fund and Eureka Fund invested $50 million in Lukka as part of the Series E preferred stock financing in exchange for the right to consent to certain data providers' actions that may affect the investment. In the lawsuit, Marshall Wace's investment fund accused Lukka of violating the company's articles of association and that its consent was required for this round of proposed financing, but Lukka's lawyer said that consent was not required in this case. In addition, it also accused Lukka of reaching a "pay-to-participate" financing plan that unfairly benefited Liberty City Ventures. If the financing is successful, Marshall Wace's repayment order in the liquidation event will be reduced from the first to after the three new series of senior preferred shares, making it extremely difficult to obtain compensation. Marshall Wace had expressed its willingness to participate in the financing after the terms were modified, but was rejected. Lukka's lawyer said that if the financing is suspended, the company will be harmed because it needs the funds to "continue operations and pay employees."

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more