Solana Mobile made two announcements focused on disrupting the current mobile phone ecosystem: Its second hardware development, the Seeker phone, will begin shipping on August 4. Along with it, a new platform called TEEPIN will also debut, featuring an ecosystem token at its center. Solana Mobile Launches TEEPIN, Announces Shipping Date for Seeker Solana Mobile […]

Solana Gears up to Disrupt the Mobile Status Quo With Seeker

The United Kingdom&#8217;s Court of Appeal has partially dismissed a lawsuit brought 
by Bitcoin SV investors against major crypto exchanges, including Binance, for 
allegedly conspiring to delist the token in 2019.
In a judgment handed down on May 21, the court ruled that investors who held 
BSV through the delisting period (classified as &#8220;sub-class B&#8221;) were not 
entitled to billions in speculative damages based on BSV&#8217;s hypothetical 
growth.
These investors had claimed over 8.9 billion British pounds ($11.9 billion) in 
damages, asserting that Binance&#8217;s delisting deprived holders of the chance to 
profit from BSV&#8217;s potential rise to a &#8220;top-tier cryptocurrency&#8221; like Bitcoin 
(BTC) or Bitcoin Cash (BCH).
The court rejected this &#8220;foregone growth effect&#8221; theory, stating, &#8220;BSV was 
obviously not a unique cryptocurrency without reasonably similar substitutes,&#8221; 
pointing to the representative&#8217;s own use of Bitcoin and Bitcoin Cash as 
comparators.
Sub-class B&#8217;s central claim was that delisting led to a missed opportunity to 
benefit from price appreciation. However, the court determined that those 
investors had ample chance to mitigate losses by selling or reinvesting in 
other crypto assets.
&#8220;They had a duty to mitigate their losses,&#8221; wrote Master of the Rolls Sir 
Geoffrey Vos. &#8220;They cannot recover losses that they could reasonably have 
mitigated.&#8221;
_UK court ruling against Bitcoin SV investor &#8216;s lawsuit. Source: Caselaw_
 _**Related:**__**Bitcoin SV investors attempt to resurrect 2019 Binance 
lawsuit**_
## Court strikes down &#8220;loss of a chance&#8221; argument
The appeal also challenged the Tribunal&#8217;s application of the &#8220;market 
mitigation rule,&#8221; arguing that such issues should be left for trial.
The court dismissed that notion, stating the rule clearly applies to freely 
tradable assets like BSV, and that the damages must be measured shortly after 
the delisting.
An additional argument concerning the &#8220;loss of a chance&#8221; to benefit from 
future price gains was also struck down. The court ruled it &#8220;flawed as a 
matter of principle,&#8221; noting that &#8220;cryptocurrencies are, by their nature, 
volatile investments.&#8221;
Binance&#8217;s limited strike-out application ultimately succeeded, with the court 
stating that even if some holders were unaware of the delisting, &#8220;they could 
never claim more than the total value of their holding before the delisting 
events plus any quantifiable consequential losses.&#8221;
_**Related:**__**Binance wants arbitration for all members of securities class 
suit**_
## Binance seeks to dismiss FTX lawsuit
On May 16, Binance filed a motion to dismiss a $1.76 billion lawsuit filed by 
the FTX estate, arguing that the claims are legally flawed and an attempt to 
shift responsibility for FTX&#8217;s collapse.
The exchange stated the downfall of FTX stemmed from internal fraud, not 
external manipulation, citing Sam Bankman-Fried&#8217;s conviction on multiple fraud 
charges.
Binance has asked the court to dismiss all claims with prejudice. The FTX 
estate has not yet filed its response.
_**Magazine:**__**TradFi is building Ethereum L2s to tokenize trillions in 
RWAs: Inside story**_

UK court partially dismisses Bitcoin SV investor’s lawsuit against Binance

Volatility Shares has launched the first-ever XRP futures ETF on Nasdaq today, 
offering investors indirect exposure to XRP through regulated derivatives for 
the first time. According to a SEC filing dated May 21, Volatility Shares, a 
U.S. firm specializing in…

Volatility Shares launches first XRP futures ETF on Nasdaq

Bitcoin’s new all-time high on May 22 briefly pushed its market capitalization 
above $2.2 trillion, allowing the cryptocurrency to overtake Amazon and drive 
the total crypto market past Microsoft’s market capitalization of $3.39 
trillion. Bitcoin’s 7-Day Gain Approaches 10% On May 22, bitcoin’s market 
capitalization briefly surpassed the $2.2 trillion mark after the top 
cryptocurrency […]

Bitcoin’s New All-Time High Pushes Market Value Past Amazon

BNB weekly chart is catching attention after market analyst UniChartz noted 
that the cryptocurrency exhibits strong upward momentum, supported by the 
crucial technical 50-week Exponential Moving Average (EMA). This moving 
average has been tested multiple times, but continues to act as solid, dynamic 
support, preventing deeper pullbacks and maintaining the structure of the 
current uptrend. Support Flips Bullish: Former Resistance Now Fuels Rally In 
the post on X, UniChartz emphasized a critical development in BNB’s recent 
price action. He pointed out that the asset has broken above a long-standing 
descending resistance line, a move that signals a possible shift in overall 
market structure. This breakout is a bullish signal on its own, but what makes 
it even more compelling is that BNB has also reclaimed a major support- 
resistance zone. Related Reading: BNB Price Finds Its Footing — Can Bulls 
Ignite the Next Leg Up? According to UniChartz, this reclaimed zone, once a 
hotly contested battleground between buyers and sellers, has now transformed 
into a solid base for the ongoing rally. This transition from resistance to 
support reflects growing bullish conviction and suggests that market 
participants are more willing to accumulate at higher levels, rather than sell 
into strength. The descending trendline breakout and the firm support zone add 
strong technical confirmation to the upward case for BNB. UniChartz 
highlighted that these two zones are now acting as crucial pillars for the 
current uptrend and must hold to keep upside momentum intact. As long as the 
price holds above this reclaimed level, the path appears clearer for further 
upside, with bulls potentially targeting higher resistance zones in the coming 
weeks. BNB Bullish Structure Intact Delivering his final verdict, analyst 
UniChartz expressed a confident outlook on BNB’s trajectory, noting that the 
technical structure remains decisively bullish. Should BNB maintain its 
footing above these areas, UniChartz believes the next major objective will be 
a retest of the all-time high region near $793. Related Reading: BNB Price 
Surge Ahead: Standard Chartered Estimates $2,775 Value By 2028 This level 
marks a significant psychological and technical barrier, and a successful 
challenge could serve as a strong catalyst for the asset. If bulls manage to 
break and close above this target with volume, it may open the door for an 
extended rally, propelling BNB toward the $1,000 milestone and beyond. Such a 
move would reaffirm the strength of the current trend and solidify BNB’s 
status as one of the top-performing assets in the crypto space. However, 
continued bullish momentum, healthy market conditions, and supportive volume 
patterns will be key factors in determining whether BNB can sustain this 
upward trajectory and push into a price discovery phase. Featured image from 
Adobe Stock, chart from Tradingview.com

BNB Rally To All-Time High Grows Strong, But This Crucial Zone Must Hold

Traders descended into a panic after LP provider Cetus appeared to be drained 
of $11 million worth of SUI from its liquidity pool. The team claimed it was 
an oracle bug, not an exploit. According to its most recent post,…