BiT Global agreed to dismiss its lawsuit against Coinbase for delisting the wBTC after the cryptocurrency exchange launched a competitor token, the cbBTC. In a filing , lawyers for BiT Global, an entity backed by TRON founder Justin Sun, who last year became a strategic partner to BitGo in providing the wBTC-wrapped Bitcoin token, said they had agreed to dismiss the suit with prejudice. This means the case cannot be brought again. Additionally, the two companies each said they would incur their own legal expenses in connection with the complaint Sun’s link to wBTC caused ETH DeFi protocols to stop supporting it as a collateral asset Wrapped Bitcoin tokens facilitate the use of Bitcoin on various blockchain networks. Both wBTC and cbBTC target the Ethereum ecosystem. However, the tokens do not offer any direct claim to the Bitcoin unless one trusts a central intermediary to custody the Bitcoin and release the wrapped token. Sun’s association with wBTC caused Ethereum DeFi protocols MakerDAO and Aave to contemplate disintegrating the support of the token as a collateral asset, ultimately deciding on tougher risk parameters rather than a complete exit. According to reports from credible sources, the lawsuit was filed in December 2024 by Kneupper & Covey on behalf of BiT Global, and it was claimed that if Coinbase delisted wBTC, it would be an example of anti-competitive behavior. It would also break several state and federal laws. The suit highlighted that having demonstrated the value represented by wBTC, Coinbase reversed course and removed wBTC from its platform. This made it impossible for anyone to trade it on Coinbase. The change came shortly after they launched their own similar version: cbBTC. Following the dismissal of the lawsuit, Paul Grewal, Coinbase’s top lawyer, stated that this important win affirms their clear right to manage security and risk for Coinbase users. Grewal added, “…we will not be bullied into continuing to list an asset that puts our customers at risk.” Previously, the exchange’s chief legal officer had defended its approach, stressing its dedication to high listing standards. He wrote on an X post that when an asset does not meet their listing standards anymore, they remove it. He further stated that they would add it to their list if another asset could meet or do better than market requirements while still following those standards. Grewal’s post faced criticism from crypto-industry insiders, including Tron founder Justin Sun, who accused the company of lacking transparency and asked how Grewal’s post squared with previous comments by Coinbase CEO Brian Armstrong. An attached image provided by Sun depicted a screenshot of Coinbase CEO Brian Armstrong, who says Coinbase was agnostic to assets because it believes that consumers deserve options in the crypto economy. Mike Belshe defends BitGo as having a solid reputation after Sun’s backlash Earlier legal attempts to stop Coinbase from delisting the token were unsuccessful after a federal judge in December sided with Coinbase and said it had the right to delist the token. The transfer of wBTC from being managed only by the custody company BitGo to a partnership involving Sun faced backlash from people in the cryptocurrency world. In response to this criticism, BitGo CEO Mike Belshe revealed that he believes BitGo has a solid reputation because they follow the highest security standards in everything they do. Belshe concluded that Ultimately, he thinks people will see that this is not a big deal. The current market capitalization for the wBTC token is about $13.6 billion, with Coinbase’s cbBTC valued at about $4.7 billion, according to CoinGecko data. Both of these tokens are almost at an all-time high market cap. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Bitcoin recently traded below its 7-day moving average, signaling short-term bearish momentum, while maintaining support above the 30-day moving average, indicating longer-term bullish trends, according to 10x Research. The cryptocurrency
CRYPTOWZRD noted in a recent update on X that Chainlink ended the session with a bullish close, hinting at potential further gains ahead. However, the analyst emphasized that Bitcoin will ultimately dictate the move. Keeping a close eye on the intraday chart, the expert mentioned that an early pullback could present a scalp opportunity, as long as Bitcoin aligns with the bullish outlook. Breakout Likely With Strong Daily Candles Breaking down his latest analysis, the trader explained that LINK’s daily candle officially closed bullish, marking a key technical point in the current trend. Meanwhile, LINKBTC ended the session on a positive note, which adds weight to the bullish outlook for LINK in the short term. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus However, the analyst emphasized that more bullish daily closes on LINKBTC are needed to confirm momentum. A continuation of strength could lead to an impulsive breakout above the daily candle’s lower high trendline, igniting the next leg upward. A decisive move above the 0.000140 BTC resistance zone is expected to accelerate price action for LINK, giving bulls a clear signal to push higher. If momentum continues to build, LINK could rally toward the $16 resistance level, marking a major target for the current setup. For now, $12.50 remains a key support level on the daily timeframe and will act as a cushion if bearish pressure reemerges. Looking ahead, the analyst pointed out that Bitcoin and Bitcoin Dominance will remain the primary market drivers for Chainlink heading into the weekend. While maintaining a rational outlook, CRYPTOWZRD plans to monitor LINK’s intraday chart closely for any developing setups. Awaiting Chainlink Next Trade Setup In conclusion, CRYPTOWZRD emphasized that LINK’s intraday chart is showing signs of a bullish recovery, closely aligned with Bitcoin’s recent rebound. He expressed optimism that further upside is likely if current conditions persist, particularly if Bitcoin maintains its strength. Related Reading: Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent? Despite the encouraging signs, CRYPTOWZRD noted that a temporary bearish pullback would be both natural and healthy within the current market context. Pullbacks often reset market conditions, providing better structure for stronger continuation patterns. He believes such a retracement could offer a favorable early entry point for long positions, especially for short-term or intraday traders looking to capitalize on the volatility. As the market continues to evolve, CRYPTOWZRD advises traders to wait for clear confirmation of the next trade setup before taking action. His statement emphasized that strategic patience will be key in identifying the most rewarding opportunities. For now, traders should track price behavior closely and prepare to act swiftly when the next valid entry signal presents itself. Featured image from Adobe Stock, chart from Tradingview.com
Congressman Thomas Massie has introduced the Gold Reserve Transparency Act of 2025, aiming to mandate a comprehensive audit of the United States’ gold reserves to enhance fiscal transparency and public
Ethereum ETFs have demonstrated robust investor confidence, registering a notable 15-day streak of net inflows, the longest since November 2024, according to recent data from TheBlock. This inflow cycle, commencing
Ripple’s CTO confirms XRP’s unmatched role at the heart of the XRPL, driving liquidity, enabling seamless DeFi, and maintaining core functionality no other asset can rival. XRP’s Unique Value in XRPL Clarified by Ripple CTO as Ecosystem Diversifies Ripple chief technology officer David Schwartz shared detailed insights about XRP and the XRP Ledger (XRPL) on
Bitcoin’s recent performance highlights a critical shift as global liquidity turns negative, impacting its momentum against major U.S. stocks. Despite outperforming during recent tariff tensions, Bitcoin’s gains have stalled, reflecting
Bitcoin was in a good place a few weeks ago, until it probably wasn't.
Asset managers VanEck, 21Shares and Canary Capital have jointly approached the US Securities and Exchange Commission (SEC) seeking for a reinstatement of the first-to-file principle i.e. a regulatory approach that ensures exchange-traded products (ETP) applications are reviewed and approved in the order they are submitted. The trio of prominent investment firms claims that the Commission’s recent departure from this standard has stifled innovation and created an uneven playing field, among other negative consequences. SEC’s Shift From ‘First-To-File’ Principle Signals Favoritism: ETF Issuers In an email addressed to SEC Chairman Paul Atkins on June 5, CEOs of VanEck , 21Shares and Canary Capital in the persons of Jan van Eck, Duncan Moir, and Steven McClurg outlined a deep grievance with the Commission’s abandonment of its first-to-file principle and the adoption of simultaneous approval approach towards recent ETP applications. The letter explained that the “first-to-file” rule acted as a strong pillar of fairness which supported innovation, and a first-mover advantage. This approval model allegedly created a competitive market landscape as smaller asset managers were able to seize significant market shares of a particular product to increase their general standing. A statement from the letter explains: …If multiple sponsors were working in parallel on similar ideas, those filing first were first in line to receive market approval. This has enabled the ETP industry to grow to $15.4 trillion in investor assets. Newer, innovative companies like Wisdomtree have been able to become industry leaders; it’s not necessarily established mutual fund companies that have gained high ETP market share. However, the head executives at VanEck, 21Shares and Canary Capital explain that the SEC’s shift to a simultaneous approval method as seen with the Bitcoin spot ETFs and Ethereum spot ETFs in 2024 completely undermines the need for innovation in the ETP industry. They also strongly claim that this approach signals a favouritism towards bigger asset managers who are able to comfortably copy the products of other firms with an assurance of securing the same launch date from the Commission. While Van Eck, Moir and McClurg acknowledge the potential reasons for simultaneous approval such as reducing the work burden on the Commission’s staff, they maintain the “first-to-file” is integral to upholding the regulatory integrity of the US ETP market. They urge a swift return to this governance standard which they claim will ensure financial innovation, creativity and competition. Crypto Market Overview At the time of writing, the total crypto market cap is valued at $3.22 trillion following a 2.41% gain in the past day. Meanwhile, total trading volume currently stands at $109.06 billion.
Imagine locking in double the coins while everyone else is stuck paying full price. That’s exactly what’s playing out with BlockDAG right now, just as attention starts shifting from familiar names like Cardano and SUI. Cardano is holding firm around $0.69, buoyed by institutional buzz, while SUI is showing resilience near $3.25, even after recent security concerns. But the spotlight is quickly turning to BlockDAG , especially with its $289 million raise and a major exchange rollout coming on June 13. Here’s the kicker: if you’ve already put in $200 or more, topping up by just 50% lets you double your BDAG. It’s not just a bonus, it’s a tactical play. Four uses per wallet, and once the deadline hits, the door closes. With listings across 20 exchanges just days away, this is one of the last chances to secure an outsized position before prices go public. Double BDAG, Half the Cost: Get In Before June 13! While many are buying BDAG at full price, a quieter group is locking in a far better deal. Right now, BlockDAG is running a limited-time promo that’s giving participants double the coins for just 50% more capital. Here’s how it works: if someone already bought $1,000 worth of BDAG, adding another $500 gets them $2,000 worth of coins. That’s not a typo, it’s a chance to seriously boost holdings without paying the inflated batch prices others are stuck with. This “Double Your BDAG” deal can be used up to four times per wallet, and the clock’s ticking. The offer disappears on June 13, just as BlockDAG prepares for its highly anticipated GO LIVE reveal. After that? Buyers could end up shelling out twice as much to catch up. Momentum is already building. BlockDAG has raised over $289 million, sold more than 22 billion coins, and continues gaining steam with over 1 million users mining through X-series devices. From the pocket-sized X1 app miner (earning 20 BDAG/day) to the industrial-grade X100 (pulling in 2,000 BDAG/day), the network is growing fast. More than 17,700 ASIC miners are already out there. What’s driving the surge? A mix of accessible mining tools, Ethereum compatibility, low-code smart contracts, and sustainable infrastructure. The current base price is still just $0.0018, while the current batch trades at $0.0262, already a 2,520% return. And with a listing set at $0.05, it’s clear the upside hasn’t even peaked. For those watching from the sidelines, this may be the last real chance to get in early, before everyone else catches on. Cardano Holds Firm with ETF Momentum Cardano (ADA) is holding its ground around $0.69, and there’s a lot working in its favor. Retail and institutional interest are both in play, especially with the SEC now reviewing Grayscale’s ETF proposal for ADA. Over in Japan, new exchange listings and zero-fee trading have helped turn it into a growing hub for Cardano activity. On-chain stats are strong, Cardano has crossed 110 million total transactions, and 22 billion ADA are staked, showing solid community involvement. Technically, things are picking up, too. The recent Node v10.4.1 release introduced UTXO-HD, which improves how transactions are processed. Smart contract testing is getting sharper, and early results from the upcoming Leios upgrade suggest speeds could reach 1,000 TPS. Looking ahead, ADA’s price targets sit between $0.70 and $0.90 for June, with the potential to hit $1.13 later this summer. With steady development and growing DeFi traction, Cardano could have more room to climb if it breaks through resistance. SUI Bounces Back After Cetus Exploit SUI is currently hovering around $3.25, and considering what it just went through, that’s saying a lot. After a $223 million exploit hit the Cetus DEX, the network moved fast, recovering $162 million in record time. That quick response highlighted how well validators can coordinate in a crisis, though it did spark some debate about decentralization. Even so, the price action has been surprisingly resilient. SUI bounced from $3.10 up to $3.32 after the hack and is now nudging against resistance levels at $3.41 and $3.52. If those flip, momentum could pick up again. But there’s more to the story than price. Sui’s been busy on the tech front. It launched Mysticeti to speed up consensus, added zero-knowledge logins, and introduced sponsored transactions to simplify onboarding. Developers using Move now have access to upgraded tools, including OAuth-linked wallets and delegated fee payments for added security. Looking ahead, June price forecasts range from $2.27 to $4.35. If Sui clears its resistance zones and continues improving its ecosystem, another rally might not be far off. Final Thoughts Cardano is holding steady near $0.69, backed by strong staking momentum and growing ETF chatter. SUI is bouncing back after the Cetus exploit, rolling out fresh tools and upgrades that have developers paying attention. But while both are making moves, BlockDAG is playing a different game, and it’s all about timing. Ahead of its June 13 exchange debut, BlockDAG’s “Double Your BDAG” promo is creating real buzz. Buyers who’ve already invested can add just 50% more and instantly double their total coins. It’s a strategic advantage, especially since most are still paying the current batch price. With only four chances per wallet and a hard stop before listings go live, this window won’t stay open long. Those who act now won’t just be early, they’ll be ahead. Because once BlockDAG goes public, the cost of catching up will be much higher. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post The Best Cryptos to Buy Now: SUI Surges Post-Exploit, ADA Builds Momentum, and BlockDAG’s $0.0018 Deal Nears Deadline! appeared first on TheCoinrise.com .