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.
Business
The Nevada Department of Business and Industry found that the crypto custody firm is operating at a substantial deficit.
Bankrupt crypto exchange FTX is suing Michael Kives, a former Hollywood agent and aide to the Clintons, and seeking to recoup millions of dollars from his company K5 Global.
The crypto exchange said it had worked with banking partners to restore U.S. dollar withdrawals on the platform, but warned that the service could be discontinued in the near future.
