Crypto News

A New York bankruptcy court has given Celsius the go-ahead to pursue the bulk of its $4 billion lawsuit against stablecoin issuer Tether, according to a recent court filing.The bankrupt crypto lender filed suit against Tether last year, alleging that Tether improperly liquidated nearly 40,000 bitcoins — worth over $4.3 billion at today’s prices — that it was holding as loan collateral in June 2022, shortly before Celsius halted withdrawals. In their suit, Celsius’ lawyers argued that Tether didn’t give Celsius enough time to satisfy its collateral demands, which they claimed it had “sufficient Bitcoin on its balance sheet” to do so “given that Celsius had instituted a ‘pause’ on customer withdrawals … resulting in the retention of, and access to,...

The proposed bank, called Ererbor, will service firms in crypto, defense, AI and other sectors that have historically been barred from working with more traditional financial institutions. Source link

Coinbase has acquired the token management platform Liquifi, marking its fourth acquisition of 2025. This move strengthens Coinbase’s position in the crypto stack by enabling more robust token distribution. Crypto Consolidation Continues: Coinbase Snaps up Token Platform Liquifi Coinbase has officially acquired Liquifi, a token management platform used by top crypto projects to handle tokenSource link

The Ether (ETH) price surged to $2,601 on July 2, capping a breakout that began after 16 hours of tight consolidation, according to CoinDesk Research's technical analysis model. The move coincided with growing institutional focus on Ethereum’s emerging role as a platform for tokenized financial products, as well as continued momentum in spot ETF inflows.On June 30, Robinhood confirmed via X that it is building “Robinhood Chain” on Arbitrum to “power the future of asset ownership.” While the company did not specify a timeline for launch, its decision to build on Ethereum’s leading Layer-2 solution reinforces the network’s position at the center of tokenized finance. The Ethereum Foundation amplified this narrative in a response that read: “Ethereum is for tokenized...

ICE-tracking app ICEBlock has sparked backlash from the DOJ and DHS, along with legal threats over federal agents' safety concerns.Source link