As Bitcoin (BTC) continues sliding, Bitget CEO Gracy Chen thinks the recent weakness has less to do with deteriorating fundamentals and more to do with a structural liquidity shock that hit the crypto market on Oct. 10 last year. Speaking with TheStreet Roundtable host Jackson Hinkle, Chen argued that crypto’s macro backdrop remains constructive despite the ongoing price slump. “The fundamentals still look pretty good for crypto or for Bitcoin in general to go up,” Chen said. Interest rates are going do ...

Core Insights - Binance Wallet has introduced a feature allowing users to trade leveraged crypto futures directly while maintaining control of their assets, addressing user concerns about holding coins on centralized exchanges like Binance [1][2] - The integration with Aster, a decentralized perpetuals platform, enables seamless trading without third-party connections, enhancing user experience and security [5][6] User Demand and Market Context - There is a growing demand among users for a blend of centralized finance (CeFi) speed and decentralized finance (DeFi) control, particularly in light of risks highlighted by the collapse of FTX in 2022 [2] - The new feature aims to empower users with sophisticated trading tools while ensuring full asset control, reinforcing Binance's commitment to a secure decentralized experience [3] Product Features and Competitive Landscape - Binance Wallet is designed for self-custody, allowing users to explore Web3 and manage digital assets confidently, although it currently has fewer users compared to competitors like MetaMask and Trust Wallet [4] - The wallet's new on-chain perpetuals trading capability could attract users from Binance's extensive user base of over 200 million, potentially evolving into a comprehensive app [4] Integration and Market Opportunities - The integration with Aster is unique within the Binance ecosystem, as it does not exist on the centralized Binance exchange, which has its own futures platform [5] - Aster supports a variety of contracts, including those tied to equities like Apple and Nvidia, providing Binance Wallet users with opportunities to diversify their portfolios within the decentralized ecosystem [6]

Funding & Investment - Tether 共同领投了 Speed 的 800 万美元融资轮 [1] - Speed 正在通过 Bitcoin Lightning Network 进行建设 [1] Stablecoin & Cryptocurrency - Tether 是 USDT 稳定币的发行方 [1]

Key TakeawaysChina Vanke (2202.HK) faces heightened default risk after a critical plan to extend a RMB2 billion local bond, originally due December 15, 2025, failed to secure sufficient bondholder approval, rattling confidence in the Chinese property sector.Cryptocurrency giant Tether has launched a substantial €1.1 billion all-cash bid to acquire a majority stake in Italian football club Juventus Football Club (JUVE), signaling a significant move by crypto firms into traditional sports asset ownership.A co ...

USDT stablecoin issuer Tether is halting its Bitcoin mining operations in Uruguay due to high energy costs, local media has reported. https://t.co/g2hknCEgM7 ...

RT Token Terminal 📊 (@tokenterminal)Top 5 tokenized assets on @solana, based on market cap:🥇 USDC stablecoin 📉🥈 USDT stablecoin 📉🥉 PYUSD yieldcoin 📈4⃣ USDG yieldcoin 📈5⃣ BUIDL yieldcoin 📈Key takeaway?Assets that share economics w/ users are growing faster than those that don't. https://t.co/WnYZjmH2u9 ...

Market Overview - Solana 上市值排名前五的代币化资产包括 USDC、USDT、PYUSD、USDG 和 BUIDL [1] - 与用户共享经济效益的资产增长速度快于不共享的资产 [1] Asset Classification - USDC 和 USDT 被列为稳定币 [1] - PYUSD、USDG 和 BUIDL 被列为收益币 (yieldcoin) [1]

Core Insights - A Beijing court has sentenced five individuals to prison terms of two to four years for running an illegal foreign exchange operation involving over $166 million through crypto channels, highlighting a significant crackdown on crypto-related financial crimes in China [1][2][3] Group 1: Legal Proceedings and Sentencing - The case was revealed during the 2025 Financial Street Forum Annual Meeting, showcasing Beijing's enhanced capabilities in tracking and prosecuting cross-border crypto transactions [2] - The defendants were involved in a scheme that processed 1.182 billion yuan ($166 million) through various accounts between January and August 2023, converting client funds into USDT stablecoins for illegal transfers [3][4] - The Haidian District People's Court issued its first-instance judgment on March 21, 2025, with all five defendants accepting their sentences without appeal [6] Group 2: Operational Details - The operation was led by Lin Jia, who collaborated with four other individuals to convert incoming yuan payments into USDT via multiple Tether trading platform accounts [4] - The group profited from each exchange while disguising foreign exchange trading through virtual currency [3][4] Group 3: Investigative Techniques - Prosecutors utilized advanced forensic methods to trace crypto transactions, combining financial data analysis with blockchain tracing to identify suspicious fund flow patterns [5] - The investigation addressed the "evidence collection dilemma" in cross-border economic crimes, ensuring legal compliance while building the case against the defendants [5][6]

Core Viewpoint - Celsius Network has filed a lawsuit against Archblock Inc., alleging a multimillion-dollar fraud involving mismanagement of customer funds related to stablecoins [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the U.S. District Court for the Northern District of California, claiming that Archblock and its subsidiaries misrepresented their TrueCurrency tokens as fully collateralized [2]. - Celsius alleges that instead of backing the tokens with cash, Archblock funneled customer funds into speculative offshore investments while marketing the coins as risk-free [2]. - Celsius minted over $14 million worth of TrueCurrency assets between 2019 and 2022, relying on Archblock's assurances that each token was redeemable one-to-one for its fiat equivalent [3]. Group 2: Bankruptcy Context - During its bankruptcy process in 2023, Celsius attempted to redeem approximately $12.9 million in holdings but was allegedly denied by Archblock, citing lost access to reserves due to the collapse of escrow partners [3]. - Celsius, which filed for Chapter 11 bankruptcy in July 2022, was a crypto lending company that allowed users to deposit cryptocurrencies to earn yields or take loans [5]. Group 3: Related Legal Actions - In August 2024, Celsius also filed a lawsuit against Tether, seeking $3.5 billion in returns, damages, and legal fees related to misappropriated assets [6]. - The complaint against Tether included allegations that Celsius had pledged 39,542.42 BTC as collateral for a USDT loan, which was liquidated prematurely by Tether [7]. - Tether agreed to settle the lawsuit by paying $299.5 million [8].

Core Insights - The Blockchain Recovery Investment Consortium (BRIC) announced that Tether has settled claims from the Celsius Network bankruptcy estate for $299.5 million, resolving a lawsuit filed in August 2024 in the U.S. Bankruptcy Court [1][5] - Tether had previously rejected Celsius's lawsuit, which sought to recover approximately 39,542 Bitcoin, valued at nearly $4.5 billion, claiming it was a "baseless shakedown" [2] - Tether maintained that it acted lawfully under a 2022 agreement requiring Celsius to post additional collateral when Bitcoin prices fell, and liquidated Bitcoin to cover an $815 million debt when Celsius failed to meet margin requirements [3] Legal Proceedings - Celsius alleged that Tether did not provide the required 10-hour window to deposit additional collateral before liquidating Bitcoin, which destroyed Celsius's residual interest [4] - A federal judge ruled in July that the lawsuit against Tether could proceed, allowing the case to continue [6] Management and Recovery Efforts - BRIC was established in early 2023 to maximize asset recovery in complex crypto bankruptcy cases and was appointed as the complex asset recovery manager and litigation administrator for Celsius after its emergence from bankruptcy protection in January 2024 [5] - The consortium is overseeing a portfolio of illiquid and litigation assets for the Celsius estate during its wind-down phase, aiming to benefit creditors [6] Background on Celsius Network - Celsius Network co-founder and former CEO Alex Mashinsky was sentenced to 12 years in prison in May for securities and commodities fraud, having misused customer funds and manipulated the price of the CEL token [7]