Key Takeaways:
- FTX to resume creditor repayments on September 30
- Corporate and institutional buying continues despite market weakness
- ETF flows mixed for third day in a row
- Altcoins lead correction, Solana hit hardest
Corporate Demand Persists — Why the Dip Is Temporary
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Circle's Claimed Impotence
Circle tells a Wisconsin court it can’t seize USDC, while regulators argue it’s choosing not to, setting up a rare, real-time clash between technical design, contractual wiggle room, and outright defiance of a seizure order.
Celsius Restructuring Vehicle Ionic Digital Forecasts Up to $195M Revenue Ahead of July 28 Nasdaq Debut
Celsius creditors received about 37 million Class A shares in Ionic as part of the lender's bankruptcy plan, and Friday's direct listing will be the first public pricing of what that partial recovery is actually worth.
Poolin, Once the World's Largest Bitcoin Mining Pool, Files Chapter 11 to Sell Texas Assets
The Singapore-based pool's U.S. units lined up a $52 million stalking-horse bid for their West Texas sites, four years after Poolin's wallet arm froze withdrawals and left customers holding $163.7 million in IOUs.
Thailand's SEC Files Criminal Complaint Against Bitkub Over Alleged Cover-Up of 2021 Hack
Bitkub says its founders quietly covered the loss to prevent a bank run and that no customer was ever harmed, but the SEC's case rests on the argument that concealing the theft from regulators was itself the violation.