Tech
A team of anonymous developers calling themselves the “Six Samurai” say they are prepared to do the hard work to achieve a true revival of the LUNC ecosystem.
Business
The FTX debtors said they had made “substantial progress” in asset recoveries, despite deliberate commingling of customer assets by the previous management.
Regulation
A U.S. District Judge ruled that it was not apparent that court intervention was necessary to “wordsmith” public statements made by either party.
The U.S. Supreme Court has agreed to route a customer’s complaints against the crypto exchange into arbitration.
DeFi
An Ethereum user is betting big against the TrueUSD (TUSD) stablecoin after the issuer was forced to pause mints and redemptions through Prime Trust.
A U.S. Judge ruled that the FTX founder cannot subpoena Fenwick & West for documents to use in his criminal defense.
Bitcoin
The market leading digital asset surged to a high of $31,300 on Friday, gaining 20% over a seven-day period.
If approved, BlackRock’s spot Bitcoin ETF could allow the SEC to save face on a potential loss in its legal battle with Grayscale.
The second largest profit taking event this year took place on June 21, when the price of Bitcoin surpassed $30,000.
The Nevada Department of Business and Industry found that the crypto custody firm is operating at a substantial deficit.
