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'Rogue' Police Are Destroying Bitcoin ATMs: Bitcoin Depot Legal Chief Chris Ryan said that police may be breaking the law in some instances and that the provider of the machines is entitled to the funds. U.S. law enforcement officials using brute force to seize cash from Bitcoin ATMs are overstepping their authority and may be violating the law, Bitcoin Depot CLO Chris Ryan said. Ryan told Decrypt that funds police may seize rightfully belong to the Atlanta, Georgia-based provider of Bitcoin ATMs, and that they are liable for damages to the machines, even as they try to return large sums to consumers who say they’ve been scammed. “You’ve got these rogue law enforcement officers thinking that they’re doing the right things by these consumers,” Ryan said. “What they’re actually doing is creating another victim, which is us, with the damage of our property and seizing of our funds.”
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Ripple to Drop Appeal in SEC Case Over XRP Sales, Ending Case 'Once and for All' Ripple says it'll drop its appeal in the long-running SEC case over XRP sales, finally putting the legal battle to bed. Ripple CEO Brad Garlinghouse said on Friday that the fintech will drop its cross appeal in a long-running case with the U.S. Securities and Exchange Commission. The announcement comes just a day after U.S. District Judge Analisa Torres denied a proposal from Ripple Labs and the SEC to cut a $125 million penalty or toss out an injunction imposed against the XRP-linked firm last year. That decision followed less than two weeks after the SEC and Ripple requested that the court lower a civil penalty over illegal XRP sales to $50 million—far less than the $2 billion sought under former Chair Gary Gensler—and remove restrictions on Ripple’s ability to sell the asset.
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My Neighbor Alice Announces 500K $ALICE Adventure Airdrop Party Lisbon, Portugal, 3rd June 2025, GamingWire Lisbon, Portugal, June 3rd, 2025, GamingWire Multiplayer builder game and former Binance project of the year My Neighbor Alice has announced an $ALICE airdrop as part of its Alice Birthday Party celebrations. A total of 500,000 $ALICE will be airdropped to community members over the course of four months starting from June 3. The largest airdrop event in the game’s history is open to players who join the My Neighbor Alice Rewards Board. Set to unfold across four waves, the campaign offers participants a host of prizes including $ALICE tokens. The first wave, Chapter One: A New Adventure, is scheduled to begin on June 3 to build anticipation and allow players to start earning points before launch day on June 17.
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How HYPE Surged on Hyperliquid’s Growing Perpetual Futures Stardom The decentralized exchange is trying to offer traders a transparent venue for making amplified bets. HYPE, the native token of Hyperliquid, was a standout performer among altcoins in May, as traders flocked to the decentralized exchange’s perpetual futures offering, according to a report published by asset manager Grayscale on Monday. HYPE was recently changing hands around $37.72, a 14% increase over the past day, according to crypto data provider CoinGecko. Over the past 30 days, the token’s price has soared 80%. HYPE reached an all-time high of $39.68 just over a week ago. “Hyperliquid has seen consistently high organic usage and robust liquidity and should increasingly compete with centralized derivative exchanges like Binance and Bybit,” Grayscale’s analysts wrote, emphasizing Hyperliquid’s recent jump in market share.
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Publicly Traded Edtech's Stock Soars 44% After Solana Treasury Pivot Another Nasdaq-listed company is adopting a crypto-buying strategy—but not with Bitcoin. In brief Classover joins a growing list of publicly traded companies to announce a crypto treasury strategy. But the online educational platform is buying Solana not Bitcoin. It has already purchased 6,472 SOL worth approximately $1 million. A Nasdaq-listed online education platform has announced a crypto-buying strategy—but will snap up SOL, the sixth biggest digital coin, and not Bitcoin. Classover, which provides online children classes, said Tuesday that it had entered into an agreement with Solana Growth Ventures LLC to issue $500 million in senior secured convertible notes to purchase Solana. The company added that it had already bought 6,472 SOL for approximately $1.05 million as part of its plan to "acquire, hold, and stake Solana."
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Quarter of All Bitcoin Investors Underwater as BTC Price Lags: CrypoQuant Vastly more BTC purchases are in the red than in January, but holdings are still faring better than during previous crypto crashes. Amid recent Bitcoin losses and volatility, more than a quarter—26%—of the Bitcoin supply is now “underwater,” meaning it is worth less than what it was purchased for. This marks a stark reversal of fortunes for investors in recent months, according to data collected by market analysis tool CryptoQuant. On December 15, only 0.015% of the BTC supply was “underwater,” meaning only a very slim percentage of BTC held was without an unrealized gain for investors. As recently as January 18, the percentage of Bitcoin being held at a loss sat at just 1.46%. But according to CryptoQuant’s data, this percentage has been slowly rising since Jan. 18, as macroeconomic concerns have impacted the prices of crypto assets.
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Market Panic Builds Ahead of Potential 'Black Monday,' Crypto Liquidations Spike to $900M Wall Street futures plunge, Asia sells off, and crypto liquidations surge as markets brace for a volatile start to the week. U.S. stock futures tumbled Sunday evening, amplifying fears of a disorderly market open and fueling speculation of a potential “Black Monday”-style selloff as sentiment collapsed across equities and crypto. S&P 500 futures dropped 5.98% by 10 p.m. ET, while Nasdaq 100 futures slid 6.2%. Dow futures were down 5.5%. The moves followed weeks of mounting trade tensions and macro uncertainty, with investors offloading risk across all asset classes. Jim Cramer, host of CNBC’s Mad Money, referenced the historical parallel in a post Saturday, writing: “Surprised we can't get a short cover rally in case President Trump realizes that a Black Monday may not burnish a legacy.”
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