The Bitcoin Policy Institute (BPI) has filed to intervene in a New York lawsuit where anonymous plaintiffs seek legal ownership of 39,069 dormant Bitcoin wallets, including those linked to Satoshi Nakamoto, worth about $237 billion. The plaintiffs argue these wallets are abandoned property under New York law, but BPI counters that inactivity doesn't mean abandonment and that current laws don't fit digital assets. Galaxy Digital's analysis highlights flaws in the lawsuit, including overlaps with previously claimed wallets and legal weaknesses. A ruling favoring the plaintiffs could threaten Bitcoin holders' property rights and discourage self-custody.
The Bitcoin Policy Institute (BPI) has filed to intervene as a defendant in a New York lawsuit seeking ownership of nearly 40,000 dormant bitcoin addresses valued at $293 billion. Plaintiffs claim the bitcoins were abandoned after being untouched for...
The S&P 500 has risen 10.7% year-to-date and is just 0.45% below its all-time closing high, showing strong bull market momentum. Technology stocks, especially the top seven tech giants, led a 4.9% rebound last week, while small caps and materials lag...
Applied Digital has transitioned from cryptocurrency mining to operating AI-focused data centers, securing $36 billion in long-term lease contracts over 15 years. The company generates $2 billion in annualized net operating income and is rapidly expa...
The 2026 FIFA World Cup, hosted largely in the US, has driven significant traffic gains for major US airlines like American, Delta, and United. American Airlines added over 27,000 seats on routes to host cities, while United saw nearly a 20% booking ...
NextEra Energy is approaching its Q2 earnings with a significant development: the acquisition of Dominion, which expands its geographic reach and exposure to data centers but introduces regulatory uncertainty. Key growth drivers remain backlog growth...
