Author: John Smith

Attorney Ian R. Cohen has filed a new court rebuttal opposing efforts to revive a lawsuit that seeks control of roughly 3.8 million Bitcoin worth an estimated $238 billion, including wallets linked to Bitcoin creator Satoshi Nakamoto. Summary Ian Cohen has opposed efforts to revive a lawsuit targeting 39,069 Bitcoin wallets holding an estimated $238 billion. Cohen argues dormant self-custodied Bitcoin does not qualify as abandoned property under New York law. Galaxy researchers found recent activity in dozens of targeted wallets, challenging claims that the coins were abandoned. According to a June 20 X thread posted by Galaxy Digital research…

Jake Chervinsky has accused CME Group of using a lawsuit against U.S. crypto perpetual futures to protect its position in a market where the exchange reportedly controls about 92% of exchange-traded derivatives volume. Summary Jake Chervinsky called CME’s lawsuit against the CFTC a “shocking miscalculation” and an “unforced error.” Hyperliquid Policy Center cited Better Markets data showing CME controls about 92% of U.S. exchange-traded derivatives volume. CME argues crypto perpetual futures should be regulated as swaps, while regulators are reviewing derivatives definitions under Dodd-Frank. According to Jake Chervinsky, chief executive of the Hyperliquid Policy Center, CME’s legal challenge against the…

The Philippine SEC has reinforced its support for real-world asset tokenization as four companies, including a tokenized real estate project, advance through its regulatory sandbox. Summary Philippine SEC says existing laws can support tokenized real-world assets and related investment products. Four companies are testing new financial products in the SEC’s Strategic Sandbox, including tokenized real estate. BSP has tightened crypto listing requirements while maintaining licensing scrutiny of digital asset firms. Speaking at Philippine Blockchain Week 2026, SEC Commissioner Rogelio Quevedo said the regulator is now confident that existing laws and its regulatory framework can accommodate tokenized assets. According to Quevedo,…

Two Texas brothers have pleaded guilty to federal robbery charges after prosecutors said they kidnapped a Minnesota family and forced the transfer of more than $8 million in cryptocurrency. Summary Two Texas brothers pleaded guilty after prosecutors linked them to an $8 million crypto kidnapping and robbery. Victims were allegedly held at gunpoint for hours while attackers forced cryptocurrency transfers. CertiK reported that crypto-related kidnappings and assaults rose 75% in 2025 from the prior year. According to the U.S. Attorney’s Office for the District of Minnesota, Isiah Angelo Garcia and Raymond Christian Garcia entered guilty pleas on Thursday to Interference…

Ali Martinez has cautioned that Strategy’s STRC structure may amplify financial stress in a prolonged Bitcoin bear market, citing similarities to the feedback loop seen in Terra-Luna’s collapse in 2022. Summary Ali Martinez warned that Strategy’s STRC structure could increase financial pressure during a prolonged Bitcoin decline. STRC fell as much as 17% below its $100 par value, raising concerns about investor demand. Martinez said the stock’s feedback mechanism shares conceptual similarities with Terra-Luna’s collapse dynamics. In a June 19 X post, Martinez argued that STRC differs from traditional corporate bonds because its dividend rate can be adjusted to help…

Zcash has gained renewed attention after discussions around Europe’s planned crypto compliance rules pushed the privacy-focused cryptocurrency back into the spotlight. Summary Mert highlighted Zcash as a leading privacy-focused crypto amid debate over Europe’s upcoming compliance rules. Analysts disputed claims that every Bitcoin transaction will require identity verification under the EU framework. Technical analysts are watching the $440 support level as ZEC trades near $451 after a sharp correction. According to recent reports, the European Union is preparing to introduce a €10,000 (about $11,500) limit on cash payments alongside tighter anti-money laundering requirements that are scheduled to take effect in…

The European Union has approved anti-money laundering rules that will ban regulated crypto firms from supporting privacy coins while leaving direct Bitcoin transfers between private wallets outside the scope of mandatory identification requirements. Summary EU AML rules will bar regulated crypto firms from supporting privacy coins starting July 2027. Bitcoin transfers between self-hosted wallets remain outside direct EU identity verification requirements. The regulation also introduces a €10,000 cash payment cap and stricter KYC rules for crypto transactions. According to Regulation (EU) 2024/1624, which will take effect on July 10, 2027, crypto-asset service providers operating in the bloc will face stricter…

Cardone Capital has purchased another 282 Bitcoin worth about $18 million as the cryptocurrency market has retreated toward recent lows amid rising geopolitical tensions. Summary Cardone Capital bought another 282 BTC worth about $18 million as Bitcoin traded near $62,000. The firm uses rental income from multifamily properties to fund ongoing Bitcoin purchases. Grant Cardone targets 3,000 BTC by 2026 and 10,000 BTC over the longer term. In a June 19 X post, Grant Cardone announced that his real estate investment firm added 282 BTC to its treasury. Based on current market prices, the purchase is valued at roughly $18…

GoMining has launched a Bitcoin payment infrastructure stack that settles transactions directly on the Bitcoin network while charging merchants a 0.2% processing fee, a rate the company says is significantly lower than traditional card payment costs. Summary GoMining has launched GoBTC Pay SDK and API to help merchants accept Bitcoin directly. The platform settles payments directly on the Bitcoin network without fiat conversion and charges a 0.2% fee. GoMining says its model could compete with both crypto gateways and card networks. According to GoMining, the newly released GoBTC Pay Gen1 SDK and API are designed to help merchants, wallet providers,…

Amazon has withdrawn from distributing the Sam Altman biopic “Artificial” as OpenAI moves closer to a potential public listing. Summary Amazon has withdrawn from distributing Artificial, a biopic focused on OpenAI CEO Sam Altman. The move comes as OpenAI advances IPO preparations through a confidential filing with U.S. regulators. OpenAI continues expanding its enterprise business, including a major ChatGPT rollout across BBVA’s workforce. According to a report from Puck, Amazon has stepped away from the high-profile film project despite continuing discussions with the filmmakers about securing a new distribution partner. The report said the decision comes as Amazon deepens its…