In this weekly recap, we cover:
- Silk Road Bitcoin Sale Approved: A U.S. court clears the sale of $6.5 billion in seized Bitcoin.
- Do Kwon’s Trial Date Set: The Terraform Labs founder will stand trial in January 2026.
- Hyperliquid Faces Criticism: The platform addresses centralization claims and plans token redistribution.
- Coinbase’s SEC Lawsuit Paused: A judge halts proceedings as the SEC case goes to appeal.
- FTX Disputes Backpack Sale: FTX says the sale of its EU arm was unauthorized.
- Gemini Settles with CFTC: Gemini agrees to pay $5 million over false claims.
- Coinbase Explores COIN Tokenization: Coinbase considers tokenizing its stock on layer 2 Base.
- Phantom Denies Token Rumors: Phantom confirms no token plans despite speculation.
- MARA Lends BTC Reserves: The miner loans 16% of its reserves to generate yield.
- Justin Sun Reelected in Liberland: Sun wins another term as prime minister of the micronation.
