Author: Alice Monroe

FTX’s bankruptcy estate filed a 90 page response. It attacks a very large $1.53 billion claim put forth by 3AC. FTX’s lawyers report that 3AC’s failure was a result of their own aggressive trading tactics. FTX did not cause these issues. FTX reported that 3AC had placed large risky bets which didn’t pay off during the 2022 crypto crash. Instead of taking responsibility for what happened, 3AC is asking other creditors to cover the loss of their investments. FTX brought this issue up in court documents. The FTX bankruptcy has brought forth what is sure to be a very high…

Singapore’s report turned the tide in the crypto space. The Monetary Authority of Singapore (MAS) has introduced new rules for companies operating crypto services out of the country. As of June 30, 2025, companies without a Digital Token Service Provider (DTSP) license face fines up to SGD 250,000 (USD 200,000) or jail for three years under the new crypto rules in Singapore. And here’s the kicker: MAS reports that it will generally not issue such licenses. This means most companies are now at the brink of shutting down or facing serious legal issues under Singapore’s new crypto regulations. Crypto Rules…

Michael Saylor is going big. At the 2025 BTC Prague event the Strategy chairman put out a prediction that Bitcoin will see $21 million by 2046. That is a large jump from his former $13 million which left the audience of over 10,000 in shock. This bold prediction adds weight to Saylor’s Bitcoin Forecast. Saylor tied in the large-scale revision to a series of political, regulatory and economic changes. He put forth that it was a special time in the network which may only come around once in a generation regarding the alignment of pro-Bitcoin forces. Saylor’s Bitcoin Forecast Based…

The summer of 2022 saw the $1 billion crypto market crisis which played out shortly after U.S. military action against critical Iranian nuclear facilities on June 21. In a day to follow the attacks over $1 billion in crypto value evaporated which was mostly from bitcoin which had been a bet on the increase in value. That month saw Bitcoin drop below $100,000 for the first time in 45 days. Operation Midnight Hammer as the codename went for the action which was to be the largest B-2 bombing campaign in U.S. history. President Trump reported it a “very successful attack,”…

Metaplanet has hit a mark of 11,111 BTC in their bitcoin holdings. They achieved this via the recent acquisition of 1,111 BTC. The purchase, worth $117 million, puts the Tokyo-based company in position to overtake Tesla’s Bitcoin portfolio. Strategic Growth of Metaplanet Bitcoin Holdings The at present reported Bitcoin purchase was at an average of $106,408 per BTC. This is a bit above current market rates. This increased Metaplanet’s bitcoin holding to a total market value of approx $1.12 billion. The company’s average purchase price is at $95,869 per coin. This aggressive acquisition approach began in 2024, which was a…

ARK at IPO bought 4.49 million Circle shares which is a value of about $373 million. In June 16 and 17 they sold off 642,766 shares across their flagship ETFs ARKK, ARKW, and ARKF in which they locked in a profit of $96.5 million. Also they sold off 14% of their Circle holdings but still hold onto over 4.15 million shares which are now worth around $628 million. A retreat or a re-balance? Only Cathie knows. Circle Shares Surge Post-IPO, Then Stumble The fire set on June 5 when Circle’s shares hit the NYSE at $31 which then shot up…

Canadian asset manager 3iQ has put out the 3iq XRP ETF live on the Toronto Stock Exchange (TSX) as of June 18, 2025. That trades at the tickers XRPQ (CAD) and XRPQ.U (USD) this is the first of its kind XRP only ETF which is available to investors in North America. The fund provides retail and institutional investors with regulated access to XRP which is the 4th largest by market cap. This also does away with the requirement for self custody, complex wallets, or exchange sign ups. In particular, 3iQ’s XRP ETF simplifies access to the digital asset market. Ripple,…

The Solana Policy Institute (SPI) has partnered with crypto heavyweights Phantom, Orca, and Superstate to put forth a new proposal to the U.S. SEC. They have put forth a bold yet simple goal. This goal is to create a legal framework for issue and trade of tokenized securities on public blockchains which includes Solana. This initiative, spearheaded by SPI, is part of “Project Open” which rolled out to the public this year. The plan in this project is to see the transition of physical assets like stocks, bonds and funds into “Token Shares”. These Token Shares will exist on the…

On the 18th of June 2025, Nobitex, which is Iran’s leading crypto exchange, had a cyber attack which saw over $90 million in digital assets destroyed. The funds didn’t leave the system for profit, they were sent to what are known as dead end wallets and made use of forever. A report revealed that Predatory Sparrow, a group associated with Israel, carried out the attack on the Nobitex crypto exchange. The attack which they carried out hit Iran’s digital infrastructure as tension in the region is at an all-time high. Nobitex Crypto Exchange Targeted With Precision Security experts reported that…

Prenetics has joined the Bitcoin market. The company has announced a $20 million Bitcoin purchase. This also makes it the first health care company to put in place a full-scale digital asset storage plan. As a result, the Prenetics Bitcoin purchase marks a significant step. Prenetics’ Bitcoin buy-in is at 187.42 BTC via Kraken custody. This puts the NASDAQ-listed health care company ahead of the competition. The move resulted from the sale of their ACT Genomics business. In turn, this gave them the financial edge needed for a major Bitcoin purchase in the Prenetics strategy. At present, the company is…