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BitMEX Faces Celsius Estate Lawsuit Over 6,360 BTC Liquidation
The Celsius estate is suing BitMEX over the alleged wrongful liquidation and seizure of 6,360 BTC, worth nearly $490 million, during the March 2020 market crash. The lawsuit comes ahead of BitMEX’s exchange closure.
Cointelegraph
Bitcoin Miners Sign More Than $100 Billion in AI Contracts, Yet Revenue Remains Limited
Bitcoin miners have signed over $100 billion in AI contracts, but only about 550 megawatts of contracted capacity is currently billing. Annualized revenue is approximately $1.1 billion, despite more than 4 gigawatts under contract.
CryptoSlate
Payward Plans U.S. Onchain Perpetual Futures Through Hyperliquid
Payward plans to offer U.S. clients onchain perpetual futures on Hyperliquid after its $550 million acquisition of Bitnomial. The move could make it the first registered U.S. exchange to deploy markets on the protocol.
CoinDesk
Theo introduces thSLVR token with silver leases valued at $40 million
Theo has launched thSLVR, a tokenized silver product backed by $40 million in active leases. The platform says investors can maintain silver exposure while earning income from lending the metal to institutional borrowers.
CoinDesk
B.AI Reports 1.51 Trillion Daily Token Throughput Five Months After Launch
B.AI reports daily throughput above 1.51 trillion tokens five months after launch. The company is combining compute routing, decentralized settlement and agent infrastructure for the emerging AI agent economy.
CryptoSlate
Celsius estate files $495 million lawsuit against BitMEX over 2020 liquidations
Celsius’s bankruptcy estate is suing BitMEX for $495 million over alleged fraud, market manipulation and wrongful liquidations during Bitcoin’s March 2020 market turmoil. The complaint says losses exceeded 6,360 BTC.
CryptoSlate
Billions Co-Founder Warns AI Agents Could Expand Digital Identity Risks
Billions CEO Evin McMullen warns that infrastructure for billions of AI agents could reproduce existing digital “honeypots,” emphasizing that compromised identity data may be irreversible even when a stolen cryptocurrency asset can potentially be returned.
CoinDesk
Bitcoin ETFs Record $450 Million Outflow After Clarity Act Setback
U.S. spot bitcoin ETFs saw $450 million in outflows, their largest decline since June, after the Senate failed to advance the Clarity Act. Regulatory-sensitive tokens also fell sharply, CoinDesk reported.
CoinDesk
UK Commits $676 Million and 500 Officers to Money-Laundering Fight
The UK will provide $676 million and add 500 officers to its money-laundering crackdown. The Home Office cites crypto, fintech and AI among the forces driving a threat estimated by the NCA at £100 billion a year.
Decrypt
Crypto ETF’s $100 Million Launch Balance May Not Reflect Investor Demand
CryptoSlate says a crypto ETF’s $100 million opening balance may be driven by sponsor funding rather than broad investor demand. Creations, redemptions and persistent capital offer a clearer view of actual participation.
CryptoSlate
Crypto Long Positions Worth $570 Million Liquidated After Clarity Act Fails
About $570 million in bullish crypto futures positions were liquidated over 24 hours after the Clarity Act failed, with Bitcoin and ether longs recording the largest losses, CoinDesk reported.
CoinDesk