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FTX rejects 3AC’s $1.5B claim, citing ‘failed trading strategy’

Lawyers acting for the collapsed crypto exchange FTX have rebuked a $1.53 billion recovery claim from Three Arrows Capital’s liquidators, arguing the losses result from a risky trading strategy that should not be paid for by creditors.
Three Arrows Capital expanded claim approved by judge
3AC li
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Musk wants Grok AI to ‘rewrite the entire corpus of human knowledge’

Elon Musk says his artificial intelligence company xAI will retrain its AI model, Grok, on a new knowledge base free of “garbage” and “uncorrected data” — by first using it to rewrite history
In an X post on Saturday, Musk said the upcoming Grok 3.5 model will have “advanced reasoning” and
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$5.1B Cardone Capital buys 1,000 Bitcoin, eyes another 3,000 BTC

Real estate mogul Grant Cardone has announced the firm’s first Bitcoin purchase as it becomes the latest firm to embrace a digital asset treasury strategy.
Cardone Capital added 1,000 Bitcoin (BTC) to its balance sheet, becoming the “first ever real estate/Bitcoin company integrated with full BTC s
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Saylor hints next Bitcoin buy as investor sues over Strategy’s Q1 loss

Michael Saylor has again hinted that Strategy would buy more Bitcoin, though the company formerly known as MicroStrategy and its top brass were hit with an investor lawsuit over its $5.9 billion first-quarter loss on its Bitcoin holdings.
Saylor posted a chart showing Strategy’s past Bitcoin
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Traders watch XRP, ETH, SOL and HYPE now that Bitcoin trades below $100K

Key points:
Bitcoin fell below the $100,000 support on Sunday, but a rebound could depend on how US stock futures open.
Bitcoin’s weakness has pulled ETH, XRP, SOL, and HYPE below their respective support levels.
Bitcoin (BTC) nosedived below the psychological $100,000 support on Sunday as
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Ethereum whale stacks $39M despite ETH falling harder than Bitcoin

Key takeaways:
An Ethereum whale accumulated $39 million in ETH during a sharp market sell-off triggered by US airstrikes on Iran.
Ethereum mega-whales added over 116,000 ETH on June 21, signaling strong buy-the-dip sentiment.
Technical patterns suggest ETH could rebound 25% toward $2,735 in the
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Lummis’ RISE Act is ‘timely and needed’ but short on details

Civil liability law doesn’t often make for great dinner-party conversation, but it can have an immense impact on the way emerging technologies like artificial intelligence evolve.
If badly drawn, liability rules can create barriers to future innovation by exposing entrepreneurs — in this case, AI d
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Bitcoin price risks sub-$100K dive after Trump confirms Iran strikes

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Historical Bitcoin trend calls for $330K BTC price before bull market ends

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