Justin Sun-Linked BiT Global Agrees to Drop Coinbase Lawsuit Over Wrapped Bitcoin – Decrypt
Coinbase and BiT Global have agreed to dismiss a lawsuit over WBTC delisting. BiT Global, linked to Justin Sun, sued after Coinbase removed WBTC, citing listing standards. Coinbase’s cbBTC has since gained market share.
Did Paraguay just make Bitcoin legal tender? Suspected hack of president’s X account sparks confusion
A suspected hack of Paraguay’s president’s X account falsely announced Bitcoin as legal tender, causing confusion due to irregularities and lack of official confirmation.
New York City Won’t Be Issuing BitBonds Any Time Soon
NYC Mayor Eric Adams proposed BitBonds but Comptroller Brad Lander rejected the idea, citing financial risks and lack of infrastructure to handle Bitcoin transactions for city bonds.
Empty seats could hamper CFTC’s ability to regulate crypto
The CFTC’s ability to regulate crypto may be hindered by empty commissioner seats and political deadlock, as the Clarity Act proposes giving it authority over digital commodities.
Central African Republic sets date for tokenized land sale on Solana via controversial CAR memecoin
The Central African Republic plans to tokenize 1,700 hectares of land on Solana using a controversial memecoin, amid accusations of deepfakes and opaque governance.
Top Venezuelan P2P Platform Collapses Under Regulatory Heat News ETHNews
Venezuelan P2P exchange El Dorado shuts down due to government pressure, CEO apologizes for unintended consequences but denies promoting dollar speculation, citing regulatory challenges.
Newly introduced GOP Bill seeks to write Trump’s strategic Bitcoin reserve into law
A GOP bill aims to codify Trump’s executive order creating a Strategic Bitcoin Reserve, consolidating government-held BTC under Treasury management and establishing a Digital Asset Stockpile for altcoins.
Australia Charges Four Over $123M Crypto Money Laundering Ring – Decrypt
Australian police charged four individuals in a $123M money laundering scheme using crypto. Raids uncovered crypto, cash, and luxury assets. The operation highlights crypto’s role in organized crime.
Bitcoin Reserve Blueprint Coming ‘In Short Order’: Bo Hines
Bo Hines announced the Trump administration will soon reveal its Strategic Bitcoin Reserve framework, detailing budget-neutral approaches to acquiring Bitcoin without taxpayer costs.
Illegal crypto mining surges in Malaysia amid unclear policies
Illegal crypto mining in Malaysia causes significant electricity theft and revenue loss. The country has potential for growth but needs clear policies to regulate mining and harness its economic benefits.
