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The Blockchain Recovery Investment Consortium, a group that sounds like it was formed to right the wrongs of the crypto world, brought this legal case forward in August 2024, alongside Celsius. The complaint alleges that Tether, in a move that would make a used car salesman blush, sold Bitcoin that was supposed to be held as collateral in a 2022 transaction. Celsius claims that, due to the current price of Bitcoin, they are now over $4 billion in the hole, all thanks to Tether’s liquidation antics. On July 2, 2025, the court ruled in favor of proceeding with the case, effectively telling Tether that their jurisdictional challenges were about as effective as a screen door on a submarine. 🚤🚫

An XRP enthusiast with the Twitter handle @XrpHodL_ shared some juicy screenshots from a stenograph of a court session between the SEC and Ripple. In it, Ripple CTO and XRPL co-creator David Schwartz dropped a bombshell: he thinks Satoshi might have held a ton of XRP back in the day.

On July 2, in a move that’s probably going to make lawyers everywhere wonder if they’ve missed the memo on 2025, Oregon’s AG went all-in with a motion to keep its lawsuit against Coinbase exactly where it started—in the Circuit Court of Multnomah County. This came after Coinbase’s valiant but doomed attempt to move the case to the comfy, far-away land of federal court.

Two wallets that had remained dormant for over 14 years each transferred 10,000 BTC to new addresses around early Friday, as CoinDesk reported. The two addresses had initially received their coins on April 3, 2011, when bitcoin traded at just 78 cents. That’s like finding a dusty old coin in your attic and discovering it’s worth a small country. 🏰💰

At the time of writing, PENGU traded around $0.0162, showing strong upward momentum. The question now is whether bulls can sustain this rally and trigger the next leg toward $0.028, or if they’ll slip on a banana peel and fall flat on their faces. 🍌

World Liberty Financial, a decentralized finance protocol co-founded by members of President Donald Trump’s family (you can’t make this stuff up), has officially launched a community governance proposal. The mission? Make the WLFI token tradable across decentralized exchanges. In a move that will surely inspire poets and philosophers alike, they chose July 4 for this declaration of financial freedom.

In the shadowy world of Ethereum futures, everyone gets to speculate on ETH’s future price without the bothersome task of owning any actual Ethereum. It’s a bit like betting on horses without having to feed them, or explain cryptocurrency to your parents at dinner. The running tally of contracts—open interest, if you want to sound clever—rests comfortably at $33.09 billion (that’s 13.29 million ETH for the mathematically inclined) across a jostling landscape of exchanges.

Investors watched the debut of the first ever Solana staking ETF (because apparently ETFs are now Pokémon, and you gotta list ’em all), while the SEC decided to play hide-and-seek with Grayscale’s shiny new altcoin basket. If you missed any of this melodrama, don’t worry—you’re probably better off, but here are the highlights anyway.

The winds of macroeconomics have stoked the flames of speculation, adding layers of complexity to this already volatile tale. The US Congress, as if in some tragicomic dance, recently passed President Donald Trump’s long-awaited “big, beautiful” bill, a majestic piece of legislation completed just under the wire of the July 4 deadline. Meanwhile, job market data emerged like a knight in shining armor, beating expectations and whispering promises of a stronger economy—just what the risk-loving investor wanted to hear.

Apparently, this is all thanks to something called the Invest America Act. Congress actually passed it. Yes, that’s right! Congress. Doing something. I can’t believe it either. Who’s behind this stroke of generosity? Ted Cruz. Yeah, him! My guy from Texas, the expert in… well, let’s not go there. Not only does Baby USA get $1,000 right out of the gate, but friends, family, maybe your cousin who still owes you money, and—this is rich—businesses (like big corporations can’t resist a baby registry) can throw an extra five grand in the pot. Why not—maybe your newborn will get stock tips at the hospital. 👶💸