Galaxy Digital research head Alex Thorn reported new developments in a lawsuit brought by two anonymous Wyoming companies seeking a court ruling that about 39,069 long-inactive Bitcoin addresses are “abandoned property,” which would grant them legal ownership of the associated BTC. According to Odaily, the plaintiffs claim the assets involved exceed $200 billion and include some wallets believed to date to the “Satoshi era.” On May 29, Bitcoin attorney Ian R. Cohen filed an amicus brief arguing that New York’s lost-property law does not apply to self-custodied Bitcoin, that “dormant” does not mean “abandoned,” and that courts have no jurisdiction over private keys. He said that in Bitcoin, control of the private key equals ownership, and without control of the private key, a party cannot claim the asset. On June 4, Judge Kathy King granted Cohen’s request to be heard and issued a stay covering the entire case, freezing further proceedings before formal hearings. Thorn said the stay blocked the plaintiffs from pursuing a default judgment route based on “no one responding.” On June 18, plaintiffs’ attorney David Lin asked the court to lift or narrow the stay, arguing that non-parties should not affect the case’s progress and that an amicus brief is unnecessary if defendants do not appear. On June 19, Cohen filed a rebuttal stating the stay was issued by the court on its own initiative and that “no one responding” is a structural issue because the 39,069 addresses named as defendants cannot appear. He also questioned the plaintiffs’ use of a $10 amount in controversy while seeking a ruling that could involve hundreds of billions of dollars in Bitcoin. Cohen further said on-chain data shows some addresses labeled dormant moved during the case, citing at least 52 addresses that transferred about 34,335 BTC, including 29 addresses that moved about 12,302 BTC after service, which he argued weakens the “abandoned assets” premise. Thorn said the case remains pending and that a default judgment could affect legal definitions around self-custodied Bitcoin and fuel debate over whether dormant addresses should be treated as ownerless property.

Binance announced on X that a new rewards round is being prepared as the Katana Season 5 vbETH Wallet Earn event goes live. The campaign is scheduled to run from June 20, 2026, 8:00 AM to August 3, 2026, 7:59 AM (UTC+8). The announcement centers on a Katana Morpho vbETH activity pool within Binance Wallet Earn, where participants who subscribe assets during the event period will share a total reward pool of 15 million KAT. Event Details: The company said that starting today, users can subscribe assets in the Binance Wallet Earn Katana Morpho vbETH activity pool to participate in the distribution of the 15 million KAT rewards. Participation is tied to maintaining holdings in the relevant Katana Wallet Earn product during the campaign window. Eligibility and reward sharing are described as linked to subscriptions made within the activity pool over the stated period. Existing Participants: Binance added that users who are already participating in the current Katana Wallet Earn activity will be automatically considered enrolled in Season 5 as long as they keep their positions. According to the announcement, these users do not need to resubscribe to be treated as participants in the new season.

Porsche AG is finalizing talks on additional cost cuts as the German luxury-car maker prepares for a period of reduced vehicle production. In a statement, according to Bloomberg, Porsche said it is in discussions on further measures to reduce costs.

The U.S. Federal Energy Regulatory Commission on the 18th asked regional grid operators to consider new agreements to speed up grid connections for large electricity users such as data centers, as power demand surges linked to the AI boom. According to Odaily, the increase in data center electricity consumption has pushed power prices higher in multiple areas across the United States, and some regions have issued blackout warnings. The commission also said it will no longer proactively consider environmental impacts under the U.S. National Environmental Policy Act when developing rules in the future. Data from Data Center Map shows the United States has more than 4,000 data centers currently in operation, with many more in planning or under construction. The report said data center construction is outpacing the commissioning of new power plants, and slow grid-connection progress has led major U.S. technology companies to seek electricity allocations for their data centers. The Electric Power Research Institute estimates data centers currently account for about 5% of total U.S. electricity demand, and that share could rise to about 20% by 2035.

Malaysia has announced a comprehensive revision to its rules on civil servants’ stock holdings and asset declarations. According to Odaily, a new circular from the Public Service Department allows civil servants to invest in shares of companies registered in Malaysia, but limits holdings to no more than 5% of a company’s paid-up capital or a total value of no more than 300,000 ringgit, whichever is lower. The updated rules raise the previous investment cap of 100,000 ringgit and add a new constraint on cumulative shareholding limits. The circular also includes digital assets in the regulatory framework for the first time, stating that civil servants’ investment activities must follow principles of transparency and accountability to reflect changes in financial markets and investment instruments.

Google is providing guarantees for its data centers to boost sales of its self-developed chips and is vying for computing power customers with an $85 billion funding plan. Broadcom has partnered with Apollo and Blackstone to establish a $35 billion AI computing power platform and is providing credit backing.

AllianceDAO, Cursor, Project, A Letter from Alliance Founders to Entrepreneurs: Written on the Occasion of Cursor's $60 Billion Sale. Golden Finance: Great companies are those that persevere before they become obvious.

Deutsche Bank believes that AI's structural demand for high-bandwidth storage (HBM) is squeezing traditional production capacity, and the supply gap is unlikely to be closed before 2027.

The expansion is lowering short-term costs and amplifying Ethereum's settlement network effect.

He said the company responded quickly and responsibly after the U.S. government expressed its concerns; he would not shut down the company, but was unsure whether it would be necessary to use the emergency powers granted by law to intervene.

Market data, BTC, stock price plunges 32% in one month: What happened to the company holding the most Bitcoin globally? Jinse Finance, stock price drops 30% in one month, not a fatal flaw.

400,000 sessions show that AI has lowered the barrier to programming and amplified the value of domain judgment.

In search of new growth curves, more and more mining companies are accelerating their entry into the AI ​​field. This transformation narrative has quickly gained favor from the capital market, and the stock prices of many mining companies have risen sharply, even hitting new historical highs.

The algorithmic stablecoin proposed by Vitalik is essentially a covered call option.

Andre Rebelo, already serving 25 years for killing his mother, is racing against a tight appeals window as he attempts to overturn a conviction prosecutors say was driven by financial fraud