Terraform Labs has been granted permission by a judge in the FTX bankruptcy case to subpoena information that could be used in its defense against allegations of fraud by the SEC. The subpoenas will be served to FTX Trading and FTX US to gather evidence related to digital wallets used by short sellers connected to FTX entities around May 2022. FTX debtors agreed to the court order with no formal objections, and any production in response to the subpoenas will be subject to the terms of the Protective Order entered in the SEC Action or any confidentiality agreement entered into between the Debtors and Terraform Labs.
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Judge Allows Terraform Labs to Subpoena Information from FTX in SEC Case
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Real Vision founder: I agree with Michael Saylor's view that BTC will become the base layer of multiple assets
Raoul Pal, former Goldman Sachs executive and founder of macro research firm Real Vision, posted on X stating: "So it looks like Michael Saylor and I have come to a consensus again. I also believe that BTC is a pristine asset. He also believes that tokenization of all assets, cultures, etc. will occur, and they are not the same as each other. Ultimately, there will be a variety of assets based on the BTC underlying layer." -
MN Trading founder: Still satisfied with the decision to invest in altcoins, focusing on long-term investment
Michaël van de Poppe, the founder of MN Trading, stated in a post on X that he is still satisfied with his decision to hold all altcoins. This topic has sparked a lot of criticism and feedback, which is good. Everyone has different strategies. I invest in these assets for the long term, and some have not yet yielded profits. My argument has not changed. -
Placeholder Partner: Narrow investor attitudes swing based on the performance of the tokens they hold. To avoid this problem, you need to go long on high-quality tokens
Placeholder partner Chris Burniske wrote in a post on X that "narrow-minded investors often behave fairly when their tokens perform well. Then, when their tokens perform relatively poorly, they remain silent or deal with it hastily...This situation is seen in every cycle. The key to avoiding this pathological situation is to go long on all high-quality tokens." -
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the joint statement between the People's Republic of China and the Republic of Peru on deepening their comprehensive strategic partnership states that both sides agree to strengthen cooperation in the fields of digital economy, technological innovation, digital transformation, technology personnel exchange, technology transfer, digital security, etc., and promote the development of exponential technologies such as artificial intelligence, robotics, the Internet of Things, blockchain, data analysis, nanotechnology, and telemedicine. -
CryptoQuant founder: Meme coins currently dominate because most altcoins lack fundamental narratives
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Court agrees to suspend appeal in Trump's classified documents case
on the 16th local time, the United States Federal Appeals Court approved Special Prosecutor Smith's request to suspend the appeal of the case involving U.S. President-elect Trump's confidential documents. This is part of Smith's gradual end to the two cases against Trump, as the U.S. Department of Justice has long-standing policy of prohibiting criminal prosecution of a sitting president. Since Trump won the 2024 U.S. presidential election and will assume the presidency in January 2025, Smith said he requested a suspension of the appeal "so that the government has time to assess this unprecedented situation and determine the appropriate path in line with the Department of Justice's policy." -
Economist: ETH/BTC fell to a more than two-year low after the US election, and its performance was more brutal than expected
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Cointime June 29th News Express
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The US SEC has returned the S-1 form to the potential Ethereum ETF issuer with a few comments, asking it to fix the problem and resubmit.
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