Governance
Bankruptcy
MVMT Labs bankruptcy lists under $1 million in assets after $38M raise
MVMT Labs is the sole named debtor, while Move Industries says it is uninvolved and key asset boundaries remain unresolved.
Crime
US targets $26.4 million in five crypto scam cases as DOJ says $800 million recovered
Five civil-forfeiture filings show how authorities can restrain crypto before suspects are identified, while victim repayment remains a separate and unresolved process.
Bankruptcy
Celsius founders face permanent crypto bans that could cost more than their $16.5M obligations
Together, the court-entered orders restrict marketing across deposit, exchange, investment, withdrawal and trading products, including assisted activity.
AI
OpenAI’s model breach is not the singularity, but dismissing it as hype is dangerous
A real model-driven compromise is being squeezed between singularity rhetoric and claims of marketing hype, making it harder to recognize what the incident actually proves.
Regulation
Senator Lummis says with CLARITY “your crypto stays yours” – but bankruptcy shields have limits
Section 701 would place qualifying assets held for customers in Chapter 7 customer-property rules, while classification and title-transfer clauses still matter.
Digital Asset Treasuries
BitMine gets 98% of revenue from staking as a decade-long contract complicates an early exit
Ethereum Tower can keep its 2% interest and may elect continuing fees or a formula-based payment after a covered termination.
People
Winklevoss twins gave Trump’s super PAC $10 million 23 days after CFTC joined Gemini relief bid
Matching FEC rows name Gemini because it liquidated the same bitcoin, not because the exchange donated another $10 million.
Mining
380 investors face Bitcoin mining losses after alleged $22M US scheme put just 13% into mining
More than 380 investors supplied the funds, while court approval, penalties and any recovery remain unresolved.
Digital Asset Treasuries
Jack Mallers leaves Twenty One as Strike tie-up ends and Bitcoin treasury pressure builds
Raphael Zagury inherits a large Bitcoin balance sheet and a mandate to prove it can support a durable business.
Bankruptcy
FTX begins $900M payout as creditors in 45 countries could lose their claims within 6 months
Only creditors who cleared the June 16 requirements and can onboard with BitGo, Kraken or Payoneer are on the July 31 clock.
Digital Asset Treasuries
Bitcoin treasury company discovers buying own stock adds 24% more BTC per share than buying Bitcoin
Across its first five buybacks, B HODL added 24% more gross Bitcoin per share for every pound spent than a direct BTC purchase would have.
Crime
Crypto investor charged with using 8 companies and new investor cash to keep an alleged $20M fraud alive
Prosecutors say eight entities were used as investor funds moved through financial institutions and crypto exchanges, with new money repaying earlier investors.
