On this episode of CoinStreet Headlines, A California federal court is moving closer to dismissing the criminal indictment against Bitcoin advocate Roger Ver, also known as Bitcoin Jesus. The U.S. government has proposed a dismissal after reaching an agreement with Ver to settle his tax liabilities with the IRS, totaling around $50 million.
We also discuss the recent $19 billion crypto market liquidation event that has left traders divided. Some are accusing market makers of a coordinated sell-off, while analysts suggest it may be part of a natural deleveraging cycle. The flash crash saw a significant drop in open interest for perpetual futures on decentralized exchanges, highlighting the volatility in the market.
Additionally, we cover BlackRock’s impressive quarter, driven by strong inflows into its iShares exchange-traded funds, which are increasingly popular among institutional investors. Lastly, New York City Mayor Eric Adams has established a new Office of Digital Assets and Blockchain, aimed at positioning the city as a leading cryptocurrency hub. Jane King has the latest from the NYSE.