Key Notes Binance filed a motion to dismiss a $1.76 billion clawback suit from the FTX estate. Motion claims that FTX’s claims are baseless and the court lacks jurisdiction since Binance and CZ are not US citizens. While legal battles continue, the FTX Recovery Trust is preparing to distribute over $5 billion to creditors. In … Read more
Argentine President Javier Milei has dissolved a task force established to investigate the fallout from LIBRA, the scandalous cryptocurrency project the head of state promoted on his social media channel before it crashed to zero. The Investigative Task Force (ITU) was dissolved via a May 19 decree signed by Milei and Justice Minister Mariano Cúneo … Read more
Sovereign investment in Bitcoin is accelerating—just not always in the most direct way. In a new report, Standard Chartered Bank says indirect exposure via Strategy (formerly MicroStrategy) is quietly increasing among government entities, reinforcing the bank’s long-standing price prediction that Bitcoin will reach $500,000 before President Donald Trump leaves office in 2029. “The latest 13F … Read more
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet … Read more
The Genesis Litigation Oversight Committee has filed two lawsuits against Digital Currency Group in an effort to recover billions of dollars owed to Genesis Global Capital. Claims of Mismanagement and Fraud The Genesis Litigation Oversight Committee (LOC) has filed two lawsuits against Digital Currency Group Inc. (DCG), seeking recovery in-kind, including more than 1 million … Read more
Bitcoin ETFs had a strong start of the week with $667 million daily net inflows Spot Bitcoin ETFs recorded inflows for last four consecutive days Technical indicators are pointing towards a golden cross on BTC charts as its price is sustaining above the $100K A major shift in global macroeconomic conditions has always influenced the … Read more
Sovereign investment in Bitcoin is accelerating—just not always in the most direct way. In a new report, Standard Chartered Bank says indirect exposure via Strategy (formerly MicroStrategy) is quietly increasing among government entities, reinforcing the bank’s long-standing price prediction that Bitcoin will reach $500,000 before President Donald Trump leaves office in 2029. “The latest 13F … Read more
The blockchain space continues to evolve at a rapid pace, and interoperability is emerging as one of the most crucial frontiers. ZetaChain (ZETA) has positioned itself as a leading cross-chain protocol, aiming to bridge fragmented blockchains and create a unified crypto ecosystem. As it launched its mainnet in 2024 and continues to onboard more partners, … Read more
Michael Arrington, co-founder of Arrington Capital, a Web3 venture capital company that has invested in over 200 projects since 2017, has severely criticized the recent data leak involving Coinbase’s customers. Arrington, also a Coinbase investor, stated that the human cost of this mistake will be much higher than the $400 million said to be reimbursed … Read more
Key Points: Government agencies increase MicroStrategy holdings for Bitcoin exposure despite restrictions. MicroStrategy remains a key avenue for indirect Bitcoin investments. Analyst Geoffrey Kendrick notes potential for further Bitcoin price rise. Various government agencies have increased their holdings of MicroStrategy stock in the first quarter of this year to gain indirect exposure to Bitcoin. This … Read more