A US bankruptcy judge ruled that Celsius Network’s multibillion-dollar lawsuit against Tether can proceed, denying in part Tether’s attempt to dismiss claims that it “improperly” liquidated Celsius’s Bitcoin collateral during the crypto lender’s collapse.

) in June 2022, applying the proceeds against Celsius’s $812 million debt without following agreed-upon procedures.

Celsius claims Tether’s actions breached their lending agreement, violated “good faith and fair dealing” under British Virgin Islands law, and constituted fraudulent and preferential transfers avoidable under the US Bankruptcy Code.

The complaint centers on a margin call Tether issued as Bitcoin prices plunged. ....

Design software company Figma revealed in a regulatory filing that it owns nearly $70 million worth of shares in Bitcoin exchange-traded funds and has set aside $30 million in stablecoins to buy Bitcoin. ....

Binance CEO Richard Teng said cryptocurrency and digital asset technology can support the Kingdom of Bhutan’s unique development philosophy, known as Gross National Happiness (GNH), during a visit to the Himalayan kingdom.

During a media roundtable at the Binance Crypto-Powered Tour in Bhutan, Cointelegraph asked Teng how crypto culture aligns or conflicts with the country’s unique identity, which is rooted not in economic output, but in well-being....

Crypto users faced a rise in “psychologically manipulative” attacks in the second quarter as hackers dreamt up advanced and creative ways to try and steal crypto, according to blockchain security firm SlowMist.

, with a rise in fake browser extensions, tampered hardware wallets and social engineering attacks. ....