Criptor

On August 9 last year, a press release announced that Justin Sun and BiT Global were getting involved with Wrapped Bitcoin (WBTC). It claimed that this new direction would include "the Tron ecosystem, which is the leading blockchain that presently hosts the largest circulating supply of USDT stablecoins in the world." When this announcement was made, Wrapped Bitcoin already had a WBTC on TRON product that had launched in 2021. However, it was rarely used, with approximately 100 bitcoins (BTC) us...

Protos

1 day ago

Pump Fun lawsuit judge Colleen McMahon says she “doesn’t understand” why legal firms Burwick Law and Wolf Popper have jointly filed two similar lawsuits against the memecoin platform. In an order submitted by Judge McMahon yesterday, she requested that Burwick Law explain by Friday why there are two filed lawsuits and why they can't be combined. She highlights how both lawsuits feature the same defendants, were filed by the same law firm (two weeks apart), and involve the same allegations agains...

Protos

1 day ago

It is difficult to imagine a more favorable environment for institutional bitcoin (BTC) adoption, yet it stubbornly refuses to rally. Despite sustained spot ETF inflows and record-setting purchases by a growing number of corporations, BTC has rallied a mere 9% year to date. Many investors had predicted that BTC’s bull cycle would have commenced in earnest by now, given that 2025 has been more bullish than any year in history by several metrics. Indeed, in the last six months, the number of publi...

Protos

2 days ago

Memecoin platform Pump Fun has made further additions to its legal team as it gears up to fight a lawsuit brought by legal firm Burwick Law. Legal filings from last Thursday and back in May revealed that Brown Rudnick's Daniel L. Sachs and Kyle P. Dorso have been named as counsel. They join Stephen D Palley, chair of Brown Rudnick’s Digital Commerce Group, in representing Baton Corporation, Pump Fun’s parent company. Pump Fun co-founder Dylan Kerler linked to 2017 ICO scams, report Read more: Bu...

Protos

2 days ago

Although many crypto investors flee to bitcoin (BTC) as a safe haven, it hasn't performed particularly well during times of war. Consider its underperformance against other tech investments during the onset of a conflict. Despite US President Donald Trump’s 53 assurances that the Russia-Ukraine war would end “on day one,” that conflict continues. Worse, a new war just started in Iran, giving us a recent example against which to analyze BTC as an ostensible safe haven asset. BTC often correlates ...

Protos

2 days ago

Czech Prime Minister Petr Fiala has denied that his government is downplaying a $47 million bitcoin (BTC) donation from a convicted criminal, as a vote of no confidence session is underway. Fiala gave a speech in the Czech parliament today, where he described the donation as "an unnecessary problem that could have been prevented.” As reported by České noviny, Fiala claimed, "We are not sweeping anything under the carpet, we are ready to respond to any information that appears or will appear.” A ...

Protos

3 days ago

Japanese MicroStrategy rival MetaPlanet has outperformed Michael Saylor’s bitcoin (BTC) acquisition company by 317% year-to-date. Since January 1, 2025, MicroStrategy has rallied 27% while MetaPlanet has surged 430%. Assuming an equal $1,000 investment in both companies at the start of the year, the MetaPlanet position would be 317% larger today: $5,300 versus the $1,270 MicroStrategy position. Although both companies have announced plans to pay dividends to preferred shareholders, neither pays ...

Protos

3 days ago