Wyoming Senator Cynthia Lummis filed an amicus brief supporting @Coinbase in its legal battle against the U.S. Securities and Exchange Commission (SEC), criticizing the SEC’s overreach in regulating digital assets, which she claims undermines Congress. #Breaking #Legal $COIN (-8) ↘
The UK may sell its $6.27 billion Bitcoin holdings, mainly seized from money launderer Jian Wen, to address fiscal challenges, per @RSM. Chancellor Rachel Reeves consults experts on timing amid political pressure. #Breaking #Crypto $BTC (+8) ↗
French authorities have expanded their investigation into @Binance for alleged money laundering and tax fraud from 2019 to 2024, following initial probes in June 2023. Binance denies the allegations and vows to fight the charges. #Breaking #Legal $BNB (-8) ↘
Ronald Branstetter’s meme coin, Unicorn Fart Dust ($UFD), was hacked for over $1 million, but he remains committed to the project despite the loss. The community has rallied, donating $425,000 to support him. #Breaking #Crypto $UFD (-9) ↘
A hacker stole $29 million in $SUI from a single victim, moving the funds to Ethereum via Tornado Cash, as uncovered by ZachXBT. The US sanctioned Tornado Cash in 2022 for security reasons. #Breaking #Crypto $SUI (-8) ↘
@MetaplanetInc announced a $745 million fundraising to increase Bitcoin holdings from 1,761 to 21,000 BTC by 2026, marking Asia’s largest equity capital raise for Bitcoin. #Breaking #Crypto $BTC (+8) ↗
@BlackRock has acquired an additional $1 billion in Bitcoin ($BTC), now controlling 2.7% of the total BTC supply, according to @Arkham. This significant purchase highlights BlackRock’s growing interest in digital assets. #Breaking #Crypto $BTC (+9) ↗
Scott Bessent confirmed as US Treasury Secretary, marking a pivotal moment for digital assets under President Trump’s administration. Known for his crypto-friendly stance, Bessent’s leadership could favor innovation in financial policy and cryptocurrency regulation. #Breaking #Crypto $BTC (+8) ↗
@a16z is scaling back UK crypto operations to refocus on US opportunities following Trump’s executive order, which has led to a surge in $BTC prices, hitting an all-time high of $109,000. #Breaking #Crypto $BTC (+9) ↗
@MicroStrategy purchased $1.1 billion in Bitcoin, increasing its holdings to 471,107 BTC, with plans to exceed 500,000 BTC soon. The company will sell $250 million in preferred stock to finance further acquisitions. #Breaking #Crypto $BTC (+9) ↗
@MicroStrategy has acquired over 10,100 $BTC for $1.1 billion, increasing its total holdings to 471,107 BTC with a market value exceeding $46.6 billion as Bitcoin trades above $99,000. #Breaking #Crypto $BTC (+8) ↗
The rise of @DeepSeek, a Chinese AI model, has led to over 75 fake meme coins on Ethereum and Solana, despite DeepSeek having no crypto ties. Scammers exploit AI-crypto hype, with some sites mimicking DeepSeek to steal funds. #Breaking #Crypto $ETH (-8) ↘
President Donald Trump has pledged full support for $BTC, aiming to surpass China and elevate the cryptocurrency, according to David Bailey of BTC Inc. #Breaking #Crypto $BTC (+9) ↗
@KuCoin has pleaded guilty to operating an unlicensed money-transmitting business and agreed to pay $300 million in fines and forfeitures. The founders face deferred prosecution for failing to implement anti-money-laundering measures. #Breaking #Legal (-9) ↘
