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Meet Michael Saylor, the man who declares on X that his company will probably sell Bitcoins to fund dividends, yet now chooses to stash them instead. The latest acquisition, which saw the firm expand its crypto hoard by 24,869 BTC, might have been funded through a court‑approved laudable practice of selling its own stock in the name of progress.

The U.S. Securities and Exchange Commission announced on Monday that it is removing a rule from 1972. This rule required parties settling with the SEC to agree not to publicly dispute the agency’s claims. The SEC stated the rule gave the impression it was avoiding public scrutiny and differed from the practices of most other federal agencies.

Stablecoins are now central to many areas of finance, including payments, savings, demand for U.S. dollars, decentralized finance (DeFi), international money transfers, digital assets, and how governments regulate financial systems. They offer crypto users faster transactions, customizable features, and access to blockchain markets. However, they pose challenges for banks: will customers move their money into these digital dollars, will stablecoin companies become rivals, or will banks find ways to work with them as partners?

Traders are now staring at their screens like they’re waiting for the punchline. Will XRP break out of its consolidation phase? Or will it just keep doing its awkward dance around $1.50? Spoiler alert: nobody knows. But hey, at least it’s entertaining.

The PCT Litigation Trust filed a 94-page complaint (because why be concise when you can be dramatic?) in the U.S. Bankruptcy Court for the District of Delaware. They’re demanding 11,994 BTC, $24.66 million in cash, $5 million in stablecoins, and 91,144 XRP. Basically, they want Swan’s entire snack drawer.

This week saw the first decrease in funds after seven weeks of gains, marking the third-largest weekly drop so far this year.

As a researcher tracking cryptocurrency, I’ve observed that Dogecoin’s price has recently begun to fall. It started after it dropped below the $0.110 mark, mirroring the trends we’ve seen with Bitcoin and Ethereum. This decline continued, breaking through support levels at $0.1080 and then $0.1050.

PCT Litigation Trust has filed a lawsuit against Electric Solidus, Inc. (aka Swan Bitcoin) in the U.S. Bankruptcy Court for the District of Delaware. They’re demanding the return of crypto and cash that allegedly took a one-way flight out of Prime Trust before it crashed and burned. 

Carl Beek revealed on X (formerly Twitter) that he’s leaving the Ethereum Foundation on May 29th. He dedicated seven years to the organization, contributing to important Ethereum research like the Beacon Chain.