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FTX’s bankruptcy lawyers have pushed back forcefully against a $1.53 billion claim filed by failed crypto hedge fund Three Arrows Capital (3AC), calling the demand “illogical” and warning that it would unfairly drain funds from FTX’s legitimate creditors.
In new court documents submitted on June 20, FTX’s legal team asked a Delaware bankruptcy judge to reject 3AC’s entire claim, arguing the...
Bitcoin (BTC) whipsawed below $100,000 at about 4 p.m. UTC on June 23 and reclaimed nearly $104,000 three hours later as traders processed news of an Iranian missile strike on a US air base in Qatar that caused no casualties.
As of press time, Bitcoin was trading at $103,801.74, up 4.5% over the past 24 hours after hitting an intraday low of around $99,500.
Iran fired a limited salvo at Al Udeid...
Wealthy US investors say they are more likely to hire financial advisers who provide crypto guidance, according to a June 2025 CoinShares survey of 500 individuals with at least $500,000 in investable assets.
A vast majority (88%) of investors already work with an adviser, and 58% rank advisers as their most trusted source for digital asset information., ahead of market analysis tools, podcasts,...
The Federal Reserve Board on June 23 removed reputational risk from its bank supervision program, ordering staff to strike the term from examination manuals and to concentrate on measurable financial exposures.
The Fed move positions the central bank alongside the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency, which made similar changes this year...
Trump Media and Technology Group announced plans to repurchase up to $400 million worth of its own shares while leaving intact the $2.3 billion it has earmarked for building a substantial Bitcoin (BTC) reserve.
The board of directors authorized the buyback plan as a show of confidence in the company’s stock and future growth strategy, according to the June 23 statement.
TMTG CEO and Chairman...
Texas Governor Greg Abbott signed the “Bitcoin Reserve Bill” SB 21 into law on June 21, allowing the state to invest an unlimited amount of money from the state’s fund into Bitcoin (BTC).
SB 21 creates the Texas Strategic Bitcoin Reserve and lets the Comptroller buy BTC so long as the asset’s market cap exceeds $500 billion, a threshold that only Bitcoin currently meets.
$2.2B allocation
With the...
Circle’s market capitalization has quickly outpaced the circulating supply of its stablecoin USDC less than a month after the company went public.
Data from CryptoSlate shows that USDC’s current circulating supply is approximately $61.27 billion. Meanwhile, Circle’s market capitalization has surged to around $66.9 billion, according to figures from Yahoo Finance.
Circle’s rapid valuation climb...
Texas is now legally empowered to build its own Bitcoin reserve funded with taxpayer dollars before the federal government takes any comparable action.
Governor Greg Abbott on Saturday signed Senate Bill 21, a law that explicitly allows the state to buy and hold Bitcoin and other top-tier cryptocurrencies.
The measure passed the Texas House and Senate by wide margins, empowering the state...
Japan’s Metaplanet has outpaced Strategy in Bitcoin accumulation, purchasing 1,111 BTC last week, approximately five times more than the US-based firm acquired in the same period.
According to a June 23 disclosure, Metaplanet spent approximately $118 million on its latest purchase, securing the Bitcoin at an average price of $105,468 per coin.
With this addition, Metaplanet now holds 11,111 BTC,...
Fiserv Inc., a major player in global payments and financial services, has unveiled plans to launch a USD-pegged stablecoin called FIUSD on the Solana blockchain, according to a June 23 statement.
The Nasdaq-listed company stated that the stablecoin was built using infrastructure from Paxos and Circle. It is expected to go live by the end of 2025 and will be integrated into its existing banking...