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FTX’s legal team has filed a motion asking a Delaware bankruptcy court to reject a $1.53 billion claim submitted by failed hedge fund Three Arrows Capital (3AC), calling the filing “factually flawed and legally untenable.” The contested claim stems from a November 2024 ruling that allowed 3AC to revise its original $120 million claim upward
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Texas has officially become the first U.S. state to approve the use of public funds to purchase and hold Bitcoin, marking a significant milestone in the institutional adoption of digital assets. Governor Greg Abbott signed Senate Bill 21 (SB 21) into law, setting the foundation for the Texas Strategic Bitcoin Reserve—a state-run fund that treats
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Ethereum staking has crossed a major milestone this week, with over 35 million ETH now locked under the network’s proof-of-stake protocol—marking a new all-time high and reflecting surging investor confidence. This development also points to tightening liquid supply, a critical factor that could impact Ethereum’s long-term price dynamics. According to blockchain analytics data from Dune,
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In a dramatic operation earlier this week, law enforcement in Jasper County, Texas, used power tools to open a Bitcoin ATM and retrieve $32,000 in cash—$25,000 of which reportedly belonged to a local family scammed by fraudsters posing as government agents. Sheriff Chuck Havard confirmed that officers acted on a search warrant after the family
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Nakamoto Holdings—the Bitcoin-focused entity founded by Trump’s crypto adviser David Bailey—has raised $51.5 million in a private placement, according to a statement from merger partner KindlyMD. The deal, priced at $5.00 per share, boosts KindlyMD’s total funding to $563 million, or $763 million when including outstanding convertible notes. Bailey said the funding round came together
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TikTok has forcefully denied accusations that its parent company, ByteDance, is behind a $300 million purchase of former President Donald Trump’s official memecoin, distancing itself from politically charged claims that have stirred controversy in Washington. The allegations came from Representative Brad Sherman, a longtime critic of both TikTok and the cryptocurrency industry, who implied that
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Semler Scientific has announced an aggressive roadmap to expand its Bitcoin treasury from just over 3,800 BTC to 105,000 BTC by the end of 2027—an ambitious move that would place the medical technology firm among the largest corporate holders of Bitcoin globally. In a Thursday statement, the company outlined a three-phase strategy: accumulate 10,000 BTC
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Security researchers at Cybernews have uncovered a massive trove of stolen credentials—roughly 16 billion usernames and passwords—stored across 30 unsecured cloud databases. Each database contained between 16 million and 3.5 billion entries, including credentials tied to major platforms like Apple, Google, and Facebook. Most of these datasets had never been publicly disclosed, giving cybercriminals fresh
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Ohio lawmakers have passed House Bill 116, also known as the Blockchain Basics Act, advancing sweeping crypto-friendly reforms across the state. The legislation cleared the House of Representatives in a 70–26 vote and now moves to the Senate for consideration. The bill seeks to exempt crypto payments under $200 from state capital gains tax and
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The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint to seize over $225 million in cryptocurrency tied to an extensive network of fraudulent “pig butchering” scams. Announced Wednesday, the DOJ revealed that the funds—mostly in USDT—were confiscated by the U.S. Secret Service as part of an ongoing investigation into online investment fraud.
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The Federal Reserve held interest rates steady for the fourth consecutive time, signaling a cautious stance despite persistent inflation pressures. Fresh projections released Wednesday indicate that officials still expect two quarter-point cuts this year, though Fed Chair Jerome Powell warned against overinterpreting the dot plot forecasts. “No one holds these rate paths with a great
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Iranian cryptocurrency exchange Nobitex has reportedly lost over $81 million in digital assets following a coordinated cyberattack that leveraged vanity wallet addresses—custom-generated strings containing human-readable text—to siphon funds from its hot wallets. Onchain analyst ZachXBT broke the news via Telegram on Wednesday, revealing that the breach affected assets held on the Tron network and Ethereum
