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Bitcoin's long-term trendline test hints at a potential Q3 breakout towards $120k, while miner Riot's strong June output of 450 BTC signals robust activity. However, a TD9 chart pattern suggests a slower climb to $149k, possibly taking four years, tempering immediate bullish expectations.

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Cryptocurrency
Celsius Secures Judge Approval To Pursue $4 Billion Lawsuit Against Tether
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A U.S. bankruptcy judge just gave Celsius Network the green light to go after Tether in a $4 billion lawsuit. Celsius, the collapsed crypto lender, claims Tether forced a "fire sale" of Bitcoin (BTC) to meet a sudden collateral demand, which allegedly worsened Celsius’ financial meltdown. This could get messy—Tether’s the giant behind USDT, the crypto world’s most-used stablecoin, and Celsius is digging in for a legal fight.
Editor’s Note: This isn’t just a corporate spat—it’s a high-stakes drama that could ripple through crypto markets. If Celsius proves Tether’s actions deepened its collapse, it might shake confidence in stablecoin issuers’ power over volatile assets. Plus, with billions on the line, the outcome could set precedents for how crypto firms handle (or mishandle) collateral during crises. Buckle up.
Judge Dismisses Tether’s Dismissal Bid In $4B Bitcoin Lawsuit With Celsius
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A U.S. bankruptcy judge just shot down Tether’s request to throw out a $4 billion lawsuit filed by Celsius, meaning the case will move forward. Celsius claims Tether unfairly cashed out Bitcoin collateral during Celsius’s 2022 meltdown—allegations Tether wanted dismissed. Now, the legal battle heats up.
Editor’s Note: This isn’t just another crypto courtroom drama—it’s a high-stakes fight over who’s on the hook for billions when a major player like Celsius implodes. If Celsius wins, it could set a precedent for how crypto collateral is handled during collapses, sending shivers through other stablecoin issuers and lenders. For regular investors, it’s a reminder of how messy (and expensive) crypto’s unregulated gray areas can get.

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