Celsius Network is suing users who withdrew funds before its bankruptcy, using clawback provisions to target “fake profits.” Ripple CTO David Schwartz says principal is usually safe unless insider info is involved. Users face severe financial and emotional impacts. This could set a major crypto industry precedent. #CryptoNews
Bitcoin whales, holding over 10K $BTC, have increased their holdings to a six-year high, adding 212,450 BTC in six weeks. Smaller whales, holding over 10 BTC, also hit an all-time high at 16.17M BTC. This accumulation signals strong confidence in Bitcoin’s future. #Update #Bitcoin
The U.S. House will vote next week on overturning President Biden’s veto of SAB 121, which requires firms holding crypto assets to list them as liabilities. The resolution has bipartisan support but needs 290 votes. Outcome will impact digital asset regulation and the crypto industry. #CryptoNews
Polkadot’s ecosystem shows resilience with 33% transaction growth, driven by One Frequency and Mythos Chain. Unique addresses with non-zero balances rose to over 7M. $DOT #Crypto #Updates
#Update Nigerian authorities ramp up their legal fight against Binance, accusing it of unlicensed operations. Central Bank officials claim Binance facilitated illegal cryptocurrency transactions and criticized its pseudonymous trading. Compliance exec Tigran Gambaryan’s health issues post-arrest highlight trial’s intensity. Regulatory clarity needed urgently. #CryptoRegulation
Crypto investor Will Clemente predicts @Coinbase stock could hit $1,700 per share, valuing it at $400B. Current price is around $222. Regulatory changes could boost it further. Coinbase’s key role in U.S. crypto adoption is pivotal. #Update #crypto
Venezuelans sent over $460M in crypto remittances last year, a 75% increase from 2021, now making up 9% of total remittances. With 7M citizens migrating, crypto offers faster, cheaper transactions amid traditional fees up to 7%. #Cryptocurrency #Update
? Bitcoin Selling Pressure Alert: Two whale addresses moved 9,301 BTC to Binance on June 27, causing a price drop. Meanwhile, the German and U.S. governments transferred 547 BTC and 237 BTC, respectively. Within two weeks, whales sold $1.2 billion worth of BTC. #Bitcoin #CryptoNews
Multicoin Capital pledges up to $1M to back pro-crypto Senate candidates via the Sentinel Action Fund. Donations matched 100% in $SOL until July 14. Supported candidates: Sam Brown, David McCormick, Bernie Moreno, Tim Sheehy. #CryptoPolitics
Recent actions by Mt. Gox and the German government have caused Bitcoin ($BTC) volatility. Lucy Gazmararian of Token Bay Capital suggests gradual asset selling may prevent a market crash. She predicts a quieter summer but emphasizes potential volatility in the fall. #Bitcoin
WienerAI ($WAI) has raised $7M in just three months, offering crypto trading insights via an AI bot. Priced at $0.000725, it boasts a 160% APY from staking, with 6.4B tokens staked. SolidProof audit adds security. #Update
Helium Mobile, founded by Amir Haleem, Shawn Fanning, and Sean Carey, uses blockchain-based hotspots to expand wireless services globally. Their $20/month 5G plan and partnerships with Google and Solana are driving growth. #Update #WirelessTech
The Bankman-Fried family is caught in a $100M political donation scandal involving misappropriated FTX funds. Emails show Joe Bankman advising on these illegal actions. Sam Bankman-Fried serves 25 years; Ryan Salame gets 7.5 years. #Update #FTX
Craig Wright, who claims to be Bitcoin’s creator, faces a Worldwide Freezing Order from the UK High Court. Justice Mellor issued the order to prevent Wright from moving assets to avoid paying $1.97M in legal costs to Peter McCormack after a defamation case. #CryptoNews
