A New York Supreme Court case over ownership of 3.8 million dormant bitcoins worth $293 billion faces new challenges as onchain data reveals billions of dollars in bitcoin moving from wallets named in the lawsuit. Plaintiffs claim the wallets were abandoned and seek to claim them under lost-property law, but recent blockchain activity tracked by Galaxy Research shows significant bitcoin transfers, undermining the abandonment argument. Lawyers dispute whether the case should proceed amid concerns over proper notice to wallet holders and jurisdiction. A July 14 hearing will address these issues, potentially shaping how traditional property law applies to digital assets.
The cryptocurrency AAVE surged 9.31% within four hours to reach $163, extending its 24-hour gain to 10.07%. This price increase was accompanied by $140,000 in short liquidations on major exchanges like Binance, Bybit, and OKX, while no long liquidati...
On September 28, all four major crypto spot ETFs—Bitcoin, Ethereum, Solana, and XRP—recorded net inflows totaling about $65 million, highlighting growing institutional demand beyond Bitcoin alone. Bitcoin ETFs led with $31.07 million, followed by Eth...
Poolbeg Pharma has secured funding to complete its clinical trials through to the second quarter of 2028. The company is currently recruiting patients for its TOPICAL trial of POLB 001, a drug aimed at preventing cytokine release syndrome in cancer p...
Genflow Biosciences will present full results from its canine ageing trial at the Animal Longevity Summit in Toronto, highlighting the safety and potential health benefits of its GF-1004 treatment aimed at slowing ageing. The company is also progress...
Bitcoin's price fell below $83,000 on September 28-29, triggering the liquidation of about $500 million in leveraged crypto positions and impacting 129,197 traders. The drop was influenced by rising oil prices after geopolitical tensions and a rare 3...
