The motion to pause repayments to residents of certain countries has added a new wrinkle to the FTX saga. A Chinese creditor has filed an objection to a motion from the FTX estate that would pause payouts to residents in jurisdictions with laws or regulations restricting cryptocurrency transactions, according to a Tuesday court filing. The creditor, Weiwei Ji, stated that although they reside in Singapore, they have been classified as a Chinese creditor due to holding a Chinese passport. Ji noted that the objection was submitted on behalf of Ji and a growing group of Chinese creditors — reportedly over 300 individuals, according to the filing. The objection raises two key arguments: First, that FTX settlements are made in US dollars, which are a standard legal repayment method. Second, it notes that cryptocurrency distributions are legal in China, with digital assets constituting “personal property.” “My family holds four KYC-verified accounts with aggregate claims exceeding $15 million USD… We have fully com...
The Thumzup Media Corporation provides a platform for influencers to market various products on social media to earn revenue. Donald Trump Jr., the eldest son of the US president, disclosed an investment in Thumzup Media Corp, a social media marketing company that has adopted the Bitcoin (BTC) treasury strategy. Trump Jr. currently holds 350,000 shares of the company, valued at nearly $3.3 million, according to Bloomberg, and the stock is currently trading hands at roughly $9.50 per share. The company’s board of directors approved the use of Bitcoin as a corporate treasury asset in November 2024 by green-lighting the purchase of up to $1 million in BTC. Company CEO Robert Steele said following the decision: Read more
Bitcoin price hit new highs today, but surging US debt and concerning housing data raise fears of a recession-led Bitcoin drop toward $95,000. Key takeaways: Exploding US debt and housing market stress could trigger a sharp BTC correction toward $95,000. Bitcoin’s price remains closely tied to macro trends, including Fed policy and institutional flows. Read more
The proposal, which launched voting on Wednesday, had more than 99% support from roughly five billion tokens at the time of publication. World Liberty Financial, the crypto company backed by US President Donald Trump and his sons, has opened a proposal for voting to make the platform’s governance token tradable. As of Wednesday, a proposal to make the World Liberty Financial token (WLFI) tradable had received more than 99% support from users, with voting scheduled to end on July 16. If approved, the plan could unlock significant amounts of WLFI tokens, though it stated that “founders, team, and advisor tokens” — seemingly including those held by Trump and his family — would not be immediately available for trading. “This would mark a major milestone in the development of the World Liberty Financial ecosystem and opens the door for broader community participation, access, and protocol development,” said the proposal. Read more
Bitcoin price roared to a new all-time high above $112,000. Cointelegraph explains why. Bitcoin soared to another record high, driven by growing global investor demand for risk assets and a $200 million liquidation of BTC shorts near a critical overhead resistance level. Bitcoin’s (BTC) price surpassed the $112,000 all-time high for the first time on Wednesday, after rising 5.95% during the past week. Bitcoin’s price appreciation helped the total crypto market capitalization recapture $3.47 trillion, a level last seen in June 2025. Read more