The criminal case against Michelle Bond, wife of former FTX Digital Markets co-CEO Ryan Salame, may soon be resolved without a trial. In a significant move, interim U.S. Attorney for the Southern District of New York, Jay Clayton—the former SEC Chair—requested a delay to allow both sides to explore a potential resolution. Prosecutors Request Time to Negotiate In a court filing on Thursday, Clayton asked the judge to exclude seven days under the Speedy Trial Act, emphasizing that the extra time would allow the government and defense to: Judge George Daniels agreed, canceling a July 15 hearing and rescheduling oral…
Author: Blockto Team
Core Scientific (CORZ) shares surged 25% on Thursday following a report that CoreWeave (CRWV), a leading AI and cloud infrastructure firm, has resumed acquisition discussions with the Bitcoin mining giant. This marks the second attempt by CoreWeave to acquire Core Scientific, after a previously unsuccessful offer in 2024. Buyout Buzz Drives Massive Stock Rally According to reports, while exact terms have not yet been finalized, negotiations are actively ongoing and a deal could be reached in the coming weeks. Last year, CoreWeave offered to acquire Core Scientific for $5.75 per share, valuing the company at approximately $1 billion. Fast forward…
Coinbase (COIN), one of the largest digital asset exchanges, has made a remarkable comeback. After enduring a brutal 90% drop during the 2022 crypto winter, its stock has now surged to its highest level since debuting on Nasdaq in April 2021, marking a full-circle recovery. Coinbase Shares More Than Double from April Lows On Thursday, COIN hit $382, briefly reclaiming the all-time high set during its initial public offering. While it closed the day slightly lower, it still gained 5.5%, and its share price has more than doubled since April 2025, when the market faced a tariff-driven downturn. This upward…
Bitcoin Remains Range-Bound Before Critical Options Expiry Bitcoin is holding firm above the $107,000 level as the market braces for a massive options expiry on Friday, June 28. As of the latest data, BTC is trading around $107,500, reflecting a modest 0.2% dip in the past 24 hours. Despite the slight decline, the price has maintained stability in a tight range throughout U.S. trading hours. Key Options Expiry Looms With $102K Max Pain Point Market participants are closely watching the upcoming quarterly BTC options expiry on Deribit, one of the largest of the year. Roughly 38% of BTC options contracts…
In a major move strengthening the intersection of crypto, politics, and the Middle East, UAE-based crypto fund Aqua1 has purchased $100 million worth of WLFI governance tokens from World Liberty Financial, a decentralized finance (DeFi) project publicly linked to President Donald Trump. Middle East Backing Boosts World Liberty The deal was confirmed just a day after World Liberty announced it was working toward enabling trading of WLFI tokens. Currently, WLFI tokens grant voting rights and allow holders to propose governance changes—though they cannot yet be transferred. Aqua1 described the deal as a strategic push to accelerate a blockchain-powered financial ecosystem…
The U.S. crypto industry may finally get long-awaited regulatory clarity this year, as Senator Tim Scott, Chairman of the Senate Banking Committee, announced that a comprehensive crypto market structure bill will be finalized by September 30, 2025. Senate Signals Progress on Crypto Rules At a press briefing in Washington, Senator Scott confirmed the new deadline while addressing White House crypto advisor Bo Hines. The senator affirmed that both the market structure bill and the stablecoin legislation are top priorities. “I think that is a realistic expectation,” said Scott, referring to the September deadline. Senator Cynthia Lummis, who leads the Senate’s…
A new report from the Financial Action Task Force (FATF) has raised serious concerns over the growing role of stablecoins in illicit financial activities across blockchain networks. $51 Billion in Illicit On-Chain Activity in 2024 According to the FATF, stablecoins now account for the majority of on-chain illicit transactions, surpassing even Bitcoin and Ethereum in fraud and scam-related usage. The watchdog estimates that $51 billion worth of illicit crypto activity occurred in 2024 alone—largely driven by fraud schemes and deceptive financial operations. “Mass adoption of stablecoins will amplify illicit finance risks, especially when regulations differ across jurisdictions,” the FATF warned.…
The path to a spot Dogecoin (DOGE) exchange-traded fund (ETF) appears to be narrowing, as Bitwise Asset Management has submitted amended regulatory filings—a sign that U.S. Securities and Exchange Commission (SEC) engagement is progressing. Amended Filing Includes In-Kind Redemptions In its updated S-1 document, Bitwise proposed in-kind creations and redemptions, a key structure that allows authorized participants and broker-dealers to directly swap DOGE tokens for ETF shares, bypassing the need for converting crypto to cash and back again. This adjustment could reduce tax liabilities and improve ETF efficiency, potentially attracting more institutional investors to the DOGE market. “Near-lock at this…
In a bold move to embrace blockchain innovation, Nasdaq-listed Upexi (UPXI) has announced plans to tokenize its SEC-registered shares on the Solana network, signaling a major shift toward on-chain equity management. Upexi Leverages Superstate’s Opening Bell Platform The company will use Opening Bell, a tokenized equity issuance platform developed by Superstate, to bring its publicly registered shares onto Solana’s blockchain. This marks a significant moment in the rise of equity tokenization, a financial innovation that enables 24/7 trading, real-time settlement, and digital wallet custody for stocks. Tokenized shares can now be bought, sold, and held just like cryptocurrencies—without relying on…
Kraken, one of the world’s largest cryptocurrency exchanges, has officially launched ‘Krak’, a blockchain-powered global money app designed to transform international payments, everyday finance, and crypto utility. The app aims to bridge the gap between traditional finance and digital assets, offering seamless, near-zero-cost transfers across 110 countries using over 300 assets. Krak: Reimagining Global Transactions The Krak app blends crypto rails with Kraken’s extensive banking relationships and payment infrastructure, eliminating outdated financial barriers. Unlike conventional banking systems, users can send money globally without the need for account numbers or crypto wallet addresses, removing friction from cross-border payments. Krak supports 300+…