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Strive Asset Management Firm has partnered with 117 Castell Advisory Group to acquire distressed Bitcoin claims, including those linked to the long-defunct Mt. Gox exchange.
According to a May 20 filing with the US Securities and Exchange Commission (SEC), the firms will target claims that have received definitive legal rulings but are still awaiting distribution.
This approach will allow Strive...
Binance has asked a US court to dismiss FTX’s $1.76 billion lawsuit, arguing that the case lacks jurisdiction and relies on unsupported allegations.
The motion follows FTX’s attempt to claw back funds and blame Binance and its former CEO, Changpeng Zhao, for contributing to its collapse.
However, Binance has rejected these claims, calling them speculative and legally flawed.
Binance counters FTX...
A growing number of Americans believe the US government should convert part of its gold reserves into Bitcoin.
According to a recent poll by The Nakamoto Project, four out of five respondents support converting a portion of the country’s gold holdings into Bitcoin.
Americans Want Bitcoin. (Source: Nakamoto Project)
The polling results showed that more than 1,000 respondents recommended converting...
Ripple CEO Brad Garlinghouse has expressed frustration after a meeting with pro-crypto US Senator Cynthia Lummis, who chairs the Senate’s Digital Assets Subcommittee, was canceled.
In a May 19 post on X, Garlinghouse revealed he was in Washington, D.C., for discussions with lawmakers to promote reasonable regulations for stablecoins and crypto market structure.
However, Garlinghouse noted that...
India’s Supreme Court has directed regulatory bodies to develop clear guidelines for governing crypto activities in the country, according to a May 20 report from local outlet Bar and Bench.
According to the report, the apex court emphasized that regulators should focus on establishing oversight frameworks that reflect the rising adoption of digital assets across the country rather than pursuing...
Katherine Reilly assumed the role of Acting Inspector General at the U.S. Securities and Exchange Commission (SEC) on May 20, succeeding Deborah Jeffrey, who retired after over two years in the post.
Reilly, a veteran within the agency’s Office of Inspector General, previously served as Deputy Inspector General and Counsel and twice held the acting title during prior transitions.
Her tenure has...
Spot Bitcoin ETFs saw $667.4 million in inflows on May 19, the second-largest single-day inflow this month, marking a four-day streak of net positive flows.
The surge was led by BlackRock’s IBIT with $305.9 million, followed by Fidelity’s FBTC with $199.1 million and Ark’s ARKB with $155.3 million in inflows. Monday’s influx followed steady buying across the previous four trading sessions,...
Tron founder Justin Sun has confirmed he will attend a May 22 gala dinner organized for top TRUMP memecoin holders and hosted by US President Donald Trump.
In a May 20 post on X, Sun said he was invited to the exclusive event and expressed gratitude and support for the US president.
He said:
“Honored to support POTUS and grateful for the invitation from [the TRUMP memecoin team] to attend...
The pseudonymous co-founder of ScimitarCapital, Thiccy, shared a novel theory on Bitcoin price appreciation Tuesday by comparing Bitcoin’s global attention to that of gold.
What gives Bitcoin value? A new way to think about it
He argues that gold is valuable because it’s rare, durable, and has been trusted as money for thousands of years. This long track record makes people believe it will keep...
The US Senate has moved the GENIUS Act one step closer to becoming law, following a 66–32 cloture vote on May 19.
The vote signals rare bipartisan support, with over a dozen Democrats joining Republicans to move the bill forward after weeks of negotiation.
Notably, its approval sends the proposed stablecoin legislation to the House floor for further deliberation.
GENIUS Act
The GENIUS Act had...