Cristiano Ronaldo Faces a Class Action Lawsuit for Promoting Binance

Coinbase and BiT Global have mutually agreed to dismiss the lawsuit regarding the delisting of Wrapped Bitcoin. The lawsuit was filed in December, with BiT Global claiming the delisting was a predatory move by Coinbase to boost its own competitor, cbBTC.

President Javier Milei has been cleared by Argentina's anti-corruption unit for his involvement in promoting the LIBRA meme coin, stating he acted in a personal capacity. Despite a criminal probe, the office found no wrongdoing in Milei's actions regarding the cryptocurrency. LIBRA's value plummeted by 90% after its debut, leading to accusations of a pump-and-dump scheme.

Circle's stock soared to a record high of $138.57 on its third trading day, following a successful IPO at $31 per share. Institutional interest remains strong, with SBI Holdings investing $50 million and ARK Invest purchasing 4.48 million shares. ProShares and Bitwise also show interest in launching CRCL-related ETFs.

The revised CLARITY Act aims to provide legal protection for non-custodial developers in the decentralized finance sector. The bill, sponsored by House Republicans, includes a provision specifying that certain developers shall not be treated as money transmitters solely based on their roles.

Trading of meme coins on the Avalanche blockchain is surging, with The Arena's native token, ARENA, skyrocketing 127% to $58.7 million. Notable runners like Lambo and Magic Internet Money have seen significant market cap fluctuations, while The Arena DEX has experienced a 645% increase in volume.

Strategy, formerly MicroStrategy, acquired 1,045 Bitcoin worth roughly $110 million, bringing its total holdings to approximately 582,000 Bitcoin valued at $62.7 billion. The company has been consistently purchasing Bitcoin over the past nine weeks, spending around $5.1 billion since mid-April.

Ethereum ETFs have experienced a record-breaking streak of 15 consecutive days of inflows, totaling $837.5 million since May 16. This trend is driven by growing institutional interest and optimism surrounding Ethereum's roadmap upgrades, potentially crossing the $1 billion mark soon.

Turnkey, co-founded by former Coinbase employees, raised $30 million in Series B funding led by Bain Capital Crypto. The company aims to assist developers in creating user-friendly wallets through APIs, catering to clients like Polymarket and Magic Eden.

Strategy has acquired another 1,045 BTC for approximately $110.2 million to add to its corporate Bitcoin treasury, according to chairman Michael Saylor. Currently, the firm holds 582,000 BTC purchased for about $40.79 billion, with a BTC Yield of 17.1% YTD 2025.

Australian police have charged four individuals for their alleged involvement in a money laundering network that moved $123 million into crypto. The scheme involved concealing funds through a security company, shell businesses, classic car sales, and crypto exchanges, with assets totaling over $110 million restrained by authorities.