Bitcoin’s price has fallen to its lowest point since 2025. It started the week at approximately $98K, dropped to $83K, and is currently stabilizing around $84.5K.
The impact of Trump’s tariffs is straining cash flow and contributing to revised market predictions.
The SEC has concluded its investigation into the crypto exchange Gemini without pursuing any enforcement action. This decision aligns with several other recent cases where the SEC has closed investigations within the crypto industry.
Gemini Co-Founder Cameron Winklevoss criticized the SEC for its damage to Gemini and the crypto industry, costing millions in legal fees and stifling innovation. Winklevoss called for reforms, including reimbursement for legal costs, accountability for SEC officials, and lifetime bans for those who misuse the law.
Former U.S. House Financial Services Committee Chair Patrick McHenry has joined Andreessen Horowitz (a16z), a leading venture capital firm, as a senior advisor, with a focus on helping startups and emerging companies navigate bureaucratic challenges.
A staunch advocate for the crypto industry, McHenry previously co-sponsored critical legislation on crypto market structure and stablecoin regulation. Earlier this month, he joined the board of senior advisors at Stripe’s prominent payment technology company.
Blockspace media reported that Swan Bitcoin is facing serious allegations from Tether, which claims the company breached its contract regarding its joint Bitcoin mining venture, 2040 Energy, by securing financing from Ripple Labs.
Swan reportedly used its stake in 2040 Energy as collateral for Ripple’s funding, which Tether argues violated their agreement. Despite Swan CEO Cory Klippsten’s public criticism of Ripple, the financing arrangement was revealed through legal filings.
Tether’s lawsuit further accuses Swan of financial mismanagement, including diverting funds from 2040 Energy for its own operations and making misleading statements to investors about its revenue. Swan’s financial health has also come under scrutiny, with reports of mass layoffs and struggles to secure additional funding.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research before making any investment decisions.
The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of TheStreet Crypto. This piece is for informational purposes only and should not be considered financial or investment advice.
