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Weekly Wrap: Bitcoin at 40-Day High, Gemini Cuts 30% Staff, CFTC Eases Crypto Rules

Bhutan moved $72M in Bitcoin amid a mining pivot, as Gemini cut 30% staff, ARK Invest pulled its ETF, BlockFills filed Chapter 11, and CFTC allowed crypto as derivatives collateral.

India ATC Coin Scam: Mumbai Court Denies Discharge in ₹84 Cr Case

India ATC Coin scam saw ₹84 crore raised through a fake crypto MLM scheme with funds diverted to the directors instead of any real investment

SpaceX Launches 29 Starlinks as $573M Bitcoin Treasury Nears IPO

SpaceX holds 8,285 BTC, ranked 18th globally as its $1.75T IPO nears, putting its Bitcoin treasury in the spotlight.

Ripple Survey: 72% of Finance Leaders Say Digital Assets Are Now Essential

Stablecoins lead adoption as 74% of finance leaders use them to manage cash flow and improve treasury efficiency, beyond payments.

Ledger Announces CFO Appointment Alongside NYC Office Launch

Ledger, last valued at $1.5 billion, is considering a New York IPO or new funding round as it expands its U.S. presence.

Gemini Stock Plunges 80%—Investors Sue Over “False” IPO Promises

Investors led by Marc Methvin sued Gemini and the Winklevoss brothers, alleging its IPO misled investors by hiding a planned business overhaul that later triggered a sharp stock decline.

G20 Targets vs Reality: Stellar Network Quietly Redefines Global Payments

Stellar processes transactions in ~9.5 seconds at just $0.0007, far surpassing the G20’s 1-hour and sub-3% cost targets for cross-border payments.

FBI Issues Urgent Warning Over Fake “FBI Token” on Tron Blockchain

FBI warns of a fake “FBI token” on Tron used to phish wallets by claiming they are “under investigation” and directing users to fake AML sites.

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