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WLFI fires back at Justin Sun over frozen $240M token stash
Bitcoin is back near $80K, WLFI and Justin Sun are trading lawsuits, and Western Union joins the stablecoin rails race.
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The line between traditional finance and crypto just got a lot blurrier.
Bitcoin miners are borrowing against their holdings at rates Wall Street would recognize.
One company now owns nearly 5% of all Ethereum in existence.
And a 175-year-old money transfer giant is betting its future on blockchain rails.
Meanwhile, the courtroom drama reminds us this industry still has some growing up to do.
World Liberty Financial sues Justin Sun for defamation over token freeze claims
World Liberty Financial just filed a defamation lawsuit against TRON founder Justin Sun in Florida.
The project accuses Sun of spreading false claims about frozen tokens and straw purchases to millions of followers.
WLFI is seeking damages and a public retraction.
When governance disputes go public in crypto, reputations and token prices can unravel fast.
Markets
Bitcoin retests $80K as ETF inflows and dominance surge
Bitcoin tested $80K on Sunday, briefly pulled back, then surged again when markets opened Monday.
BTC dominance climbed to 61%, a level not seen since November 2025.
Ethereum ETFs quietly turned positive too, gaining $356M after six straight months of outflows.
BTC traded near $80K, ETH hovered around $2,345, SOL sat near $84, and XRP held at $1.40.
Western Union launches dollar stablecoin on Solana for global payments
Western Union just debuted USDPT, a US dollar stablecoin built on Solana.
The token is issued through Anchorage Digital Bank, a federally chartered crypto bank.
CEO Devin McGranahan called it a core piece of the company's digital payments overhaul.
A 175-year-old remittance giant going on-chain signals stablecoins are now mainstream infrastructure.
Hut 8 secures $200M Bitcoin-backed credit facility with FalconX
Bitcoin miner Hut 8 just landed a $200M credit line backed entirely by its BTC holdings.
The deal with FalconX locks in a 7% interest rate. That's down from as high as 11.5% previously.
A 450 basis point improvement in borrowing costs is real money for a capital-intensive mining operation.
Bitmine now holds 5.18M ETH worth $13.1B, nearing 5% of total supply
Bitmine Immersion Technologies just disclosed it holds 5.18 million ETH tokens.
That's 4.29% of Ethereum's entire circulating supply, accumulated in just 10 months.
The company calls it the "Alchemy of 5%" target. They're 86% of the way there.
One entity controlling nearly 5% of a major blockchain's supply raises concentration questions worth watching.
On Our Radar
Blueface's net worth: The rapper's estimated fortune sits around $4 million, mostly from music and endorsements.*
Strategy's exit strategy: $82M stock sale coincides with sudden Bitcoin buying pause.
Wall Street is done watching: DTCC is moving tokenized collateral closer to the core of institutional markets.
*sponsored
ICYMI
Meme of the Day
Catch you in the next one.
Estéfano
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