Bitget Offers SpaceX Exposure Ahead of Planned $1.75 Trillion IPO

Funnull Technology Inc., a Philippine-based tech company, and its Chinese administrator, Liu Lizhi, have been sanctioned by the U.S. Treasury for aiding cryptocurrency scams that defrauded Americans of over $200 million. The company provided cybercriminals with infrastructure for hosting fraudulent websites and targeting legitimate sites with malicious code injections.

The SEC's latest guidance clarifies that most common staking activities in crypto are not considered securities, as long as certain conditions are met. This includes staking on proof-of-stake networks and third-party operators for earning rewards, but excludes practices like liquid staking and restaking.

Ross Ulbricht, the Silk Road founder, spoke at the Bitcoin 2025 conference after being released from prison, expressing gratitude to the Bitcoin community for their support during his incarceration. Ulbricht described his release as a 'miracle' and expressed awe at the technological advancements he encountered upon reentering society.

The developers of Realms of Alurya and Wonder Wars on the Ethereum Ronin network are ceasing operations due to funding difficulties. Realms of Alurya will also go offline after an exclusivity contract with Treasure's blockchain was abruptly terminated.

Cantor Fitzgerald is introducing a new Bitcoin-focused fund with downside protection based on gold prices to address investor concerns about cryptocurrency volatility. The fund aims to offer uncapped Bitcoin upside while safeguarding against losses with physical gold security.

A new bill, the Digital Asset Market Clarity (CLARITY) Act, aims to shift regulatory oversight of most digital assets from the SEC to the CFTC in the United States. The bill introduces a classification for "mature blockchain systems" but does not mandate compliance for assets already defined as digital commodities.

Former BitMEX CEO Arthur Hayes predicts Ethereum could hit $5,000 by year-end, potentially setting a new all-time high. Recent momentum has seen ETH rise over 45% in the last month to $2,646, with analysts citing stablecoins and layer-2 networks as driving factors.

The Securities and Exchange Commission has filed to dismiss its lawsuit against Binance and its founder, as alleged violations include offering unregistered securities and commingling customer funds.

Paolo Ardoino discussed Tether's $13 billion profit, $120 billion in US treasuries, and commitment to reinvest in Bitcoin at the 2025 Bitcoin Conference. Tether aims to become the largest Bitcoin miner globally and introduced an AI system named QVAC for societal use.

GameStop's stock price fell over 5% to $29.57 per share after announcing a $500 million Bitcoin purchase, losing most of its weekly gains. Despite the decline, the Nasdaq and S&P 500 closed slightly up.