A Seychelles court said KuCoin can’t treat unwithdrawn tokens as “abandoned,” and awarded a Swiss investor over $2 million. He says the exchange still hasn’t paid and plans to sue again. A Swiss investor said KuCoin has yet to pay a Seychelles Supreme Court award of more than $2 million after the exchange declared his tokens “abandoned.” In a Dec. 11, 2025, ruling, the Supreme Court of Seychelles declared that Didier Rabl is the “sole proprietor and owner” of approximately 21 million CoinPoker (CHP) tokens previously held for him on KuCoin. The court also ordered three Seychelles-incorporated KuCoin entities to pay him over 2 million USDt (USDT) plus $10,000 in moral damages, according to documents reviewed by Cointelegraph. The ruling could have implications for how cryptocurrency exchanges handle delisted assets, with the court finding that KuCoin did not become the beneficial owner of Rabl's tokens and remained obligated to safeguard the assets and honor lawful withdrawal requests. Read more
Metaplanet will acquire Siiibo Securities and rename it Metaplanet Securities as it builds out Project Nova, its Bitcoin-centric finance strategy in Japan. Metaplanet announced on Friday that it has agreed to acquire Siiibo Securities in a 2.1 billion yen ($13.1 million) deal to form a securities arm. The Tokyo-listed Bitcoin (BTC) treasury company said it entered into a share transfer agreement to acquire 100% of the Japanese securities company, a licensed financial instruments business operator. After closing, expected in July, Siiibo Securities will become a wholly owned subsidiary and be renamed Metaplanet Securities. Metaplanet CEO Simon Gerovich said the acquisition is the first step in Project Nova, the company's strategy to build a Bitcoin-centric financial ecosystem in Japan. Read more
Crypto markets are becoming a new venue for pre-IPO price discovery ahead of SpaceX's highly anticipated debut today. Binance's SpaceX tokenized IPO campaign attracted over $557 million in USDC deposits from about 27,689 wallet addresses ahead of the company's highly anticipated public listing. Wallets contributing up to $20,000 accounted for more than 81% of participating addresses but only 18.39% of total funds, while 114 addresses contributed over $500,000 each, representing about 10.2% of the funds, according to Dune data. The deposits point to strong demand for crypto-based pre-IPO exposure ahead of SpaceX's Nasdaq debut on Friday, with the company seeking to raise $75 billion at $135 a share and an around $1.8 trillion valuation. Read more
Bitcoin miner metic sparked talk of "capitulation" as profit margins stayed under 5%, but the BTC price bear-market bottom remained absent. Bitcoin (BTC) miners are back under pressure as data hints that a new buying opportunity is now here. Key points: Read more