Tether Faces $344 Million Legal Challenge
Charles Gerstein seeks a federal court order for @Tether to transfer $344 million in OFAC-frozen USDT linked to Iran’s Revolutionary Guard to victims with unpaid terrorism judgments. #Update #Legal $USDT
Bitcoin Firm Launches Daily Dividend Payments
Strive announces daily dividends for SATA shares starting June 16, despite a $265.9M Q1 loss due to Bitcoin value drop. Shares rose over 5%. #Update #Crypto
Solana Buyers Active Despite High Resistance
Solana ($SOL) buyers remain active, yet resistance persists, maintaining pressure on price movements. No significant shifts reported. #Update #Crypto $SOL
Bitcoin Scrutiny Farage $6.3M Crypto Payment
Nigel Farage is under investigation for a $6.3M gift from crypto mogul Christopher Harborne, potentially breaching U.K. political donation rules. #Breaking #Legal
Trump Warns Iran Negotiate or Face Destruction
The Israel-Iran Permanent Peace Deal market rose to 17.5%, while the US-Iran Nuclear Deal fell to 55.5% following Trump’s threats against Iran. #Update #Market
Ethereum Whales Activate Two Dormant Accounts
Two dormant Ethereum wallets from the ICO era have been reactivated, with one investor’s $120 growing to $900,000 and another’s $245 reaching $1.79 million, highlighting significant ROI. #Update #Crypto $ETH
Bitcoin Raises $18M for Treasury Expansion
@CapitalB has raised €15.2 million ($17.8 million) to expand its bitcoin holdings, with participation from notable investors like Adam Back and TOBAM. #Update #Crypto $BTC
Strive Surges 5.8% After Clearing Debt
@StriveInc announces daily dividends starting June 16 at a 13% annual rate, funded by its Bitcoin treasury strategy, despite a $265.9M Q1 net loss. Shares rose 5.8%. #Update #Crypto $BTC
Crypto Clarity Act Fails to Gain Bipartisan Support
U.S. senators express disappointment over the lack of bipartisan support for the crypto Clarity Act during a recent hearing, indicating ongoing challenges in advancing regulatory frameworks. #Update #Legal
NFTs Halted as Dapper Labs Plans
Dapper Labs halts new NFL All Day NFTs, maintains marketplace amid new NFL licensing deal; sales surge as collectors react. #Update #NFT
Ethereum Targeted by Experts in Jane Street Agenda
Jane Street reportedly shifts focus from $BTC to $ETH, reducing Bitcoin holdings by 71% and increasing Ethereum exposure by approximately $82M. Analysts suggest potential market manipulation. #Update #Crypto $ETH
Stablecoin Payments Launched by Grupo Salinas
@GrupoSalinas partners with @Anchorage to integrate stablecoins in Coinpro’s payments, potentially expanding to Grupo Elektra. Ricardo Salinas supports, holding 70% in $BTC. #Update #Crypto
CFTC Expands Prediction Markets Oversight
The CFTC is collaborating with major US sports leagues to monitor insider trading in prediction markets, asserting federal jurisdiction over state laws. #Update #Legal
Metaplanet Reports $725M Q1 Loss
@Metaplanet reports a Q1 loss of $725M, 20x last year’s figure. Bitcoin reserves increased to 40,177 BTC. Stock prices fell 20% over six months; launch of MARS and MERCURY shares postponed. #Update #Crypto $BTC