A New York Supreme Court judge has paused a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets holding an estimated 3.8 million BTC valued at around $234 billion. The plaintiffs rely on New York's lost-and-found statute, but an amicus brief argues this law doesn't apply to blockchain assets, as wallets are intangible and often securely held, not abandoned. The case's next step is a July 14 hearing to decide on the brief's admission. Meanwhile, some wallets have moved funds, suggesting owners are aware of the lawsuit.
Toncoin (TON) surged 13.36% to $1.70, recovering from recent lows despite a 16.51% drop in spot volume, indicating limited broad market support. Futures data showed continued selling pressure, suggesting the rally was driven by passive buying or shor...
SK Telecom announced plans to develop a gigawatt-scale AI Cloud in Korea powered by NVIDIA's DSX platform, with the first AI factory launching in 2027. This AI Cloud will support advanced AI workloads including sovereign, physical, and agentic AI ser...
NAVER is partnering with NVIDIA to expand its AI infrastructure by building AI factories on the NVIDIA DSX platform, starting with a 55-megawatt facility at the GAK Sejong data center in South Korea, with plans to scale to gigawatt capacity. This exp...
NVIDIA and SK hynix have announced a multiyear partnership to co-develop next-generation memory technologies aligned with NVIDIA's AI infrastructure roadmap. This collaboration aims to support the growing global buildout of AI factories by addressing...
Bitcoin faces a potential short squeeze as nearly $26 billion in short liquidation leverage sits above its $62,000 price level, while long liquidation exposure remains under $2 billion. Over the past 24 hours, shorts lost $218 million, more than doub...
