Analysis
Legal
3AC liquidators file lawsuit against Terraform Labs seeking $1.3 billion in damages
3AC liquidators have been aggressively pursuing avenues to recover funds for creditors since the firm's collapse.
Trading
Bitcoin climbs almost 5% to $61.5k as market reacts positively to Mt. Gox distributions
The flagship crypto was still up 3.75% over the past 24 hours and trading at $60,770 as of press time,
Technology
TradFi lender DBS launches EVM-compatible blockchain solution for treasury, liquidity management
DBS Treasury Tokens, powered by the lender's EVM-compatible permissioned blockchain, is designed to improve the efficiency and speed of multi-currency treasury operations.
Scams
SEC charges NovaTech founders, promoters with $650 million crypto fraud
The charges filed in the US District Court for the Southern District of Florida include violations of federal securities laws' antifraud and registration provisions.
DEX
Coinbase opposes SEC proposal to redefine exchanges to include DEXs
The SEC's proposal, which has reopened for public comment, has drawn significant criticism from Coinbase and other industry players.
DeFi
Euler allocates $4 million for v2 protocol security, conducts 29 audits
The protocol also conducted a large-scale code audit competition managed by Cantina, with $1.25 million in rewards for identifying post-audit bugs.
Adoption
California’s Santa Monica city launches Bitcoin office to bolster adoption
The Bitcoin Office's primary goals include educating the local community and exploring potential partnerships that could boost the city's economic recovery.
Adoption
Winklevoss slams Harris for not showing up to virtual roundtable
The virtual meeting, attended by high-ranking government officials and industry leaders, was seen as pivotal for shaping the future of crypto regulation in the US.
Regulation
Thailand launches crypto regulatory sandbox to kick-off adoption
The initiative is designed to support the testing and development of services related to digital assets,
Crypto
Saylor stands firm on Bitcoin amid market volatility, champions strategic reserve bill
The MicroStrategy founder said the firm's recent success is directly driven by Bitcoin's vast potential to solve the world's problems.
Analysis
Institutional investors bought the dip despite Bitcoin’s steep crash below $50,000
According to market experts, traders expect a "bullish second half of the year" with options placing the price between $90,000 and $100,000.
Crypto
Democrats launch ‘Crypto for Harris’ campaign to challenge Trump’s growing support
the initiative highlights the high stakes for securing crypto voters, whom many believe have the potential to shape the outcome of the race in swing states.