A newly unsealed complaint filed in the Delaware Court of Chancery alleges Digital Currency Group (DCG) knowingly engaged in a deceptive scheme to prop up its lending arm, Genesis, ahead of its collapse. Internal memos show DCG’s CFO Michael Kraines warned executives, including former Genesis CEO Michael Moro, of the risk Genesis could be deemed DCG’s “alter ego,” prompting early legal contingency planning. Despite clear red flags from third-party consultants and auditors—who noted “material weaknesses” as early as 2020—DCG delayed action and allowed Genesis’s loan book to triple. The complaint describes a manipulated governance structure and accuses DCG of “pillaging” Genesis under a façade of solvency. “These are not merely technical disputes,” said the Genesis Litigation Oversight Committee. With over $3.3 billion in recovery at stake, the lawsuit could reshape how liability is assigned across digital asset conglomerates, potentially accelerating regulatory scrutiny and structural reform.
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Lightning Labs has released Taproot Assets v0.6, a significant upgrade to the multi-asset protocol operating on Bitcoin’s Lightning Network. The update enhances stablecoin functionality by introducing grouped asset identifiers through a new “group_key” feature, which simplifies the process of minting, sending, and receiving tranches of assets like USDT. “With assets like stablecoins... this asset_id-based workflow became cumbersome,” Lightning Labs explained, noting that the new system streamlines all Lightning payment flows. The release follows Tether’s commitment to support USDT on both Bitcoin’s base layer and Lightning. The update also refines the Request for Quote (RFQ) mechanism, enabling time-sensitive, decentralized asset-to-BTC conversions using BOLT 11 invoices. By expanding to 20 inbound Taproot Assets channels per receiver, the upgrade boosts scalability and transaction flexibility. This positions Bitcoin as an increasingly functional settlement layer for stablecoins and foreign exchange via Lightning-native infrastructure.
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Zac Guignard, director of communications for Canada’s Learning Bitcoin Conference and a writer at the Human Rights Foundation, is leading efforts to educate the next generation on Bitcoin through hands-on experience and freedom-focused tools. Sparked by economic instability and personal disillusionment during the 2020 pandemic, Guignard’s initiative aims to close the gap between theory and practice. This year, the conference relocates to Vancouver—dubbed “the Bitcoin capital of North America”—and features speakers like BTC Sessions, Francis Pouliot, and Vancouver’s pro-Bitcoin mayor Ken Sim. “Digital cash, digital money is not a big step at all” for today’s youth, Guignard notes. The event blends wallet workshops with deeper discussions on monetary systems, while also spotlighting open-source tools like Nostr. Backed by the Human Rights Foundation, Learning Bitcoin is building a politically inclusive, practical ecosystem for financial sovereignty rooted in peer-to-peer digital money.
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CleanSpark has become the second publicly traded Bitcoin miner to surpass 50 exahashes per second (EH/s) in deployed hashrate, trailing only Marathon Digital (MARA). The company’s proprietary infrastructure spans over 30 sites across Georgia, Mississippi, Tennessee, and Wyoming, positioning it as a key player amid escalating competition from peers like IREN and Cango. CleanSpark aims to exceed 60 EH/s, despite recent local opposition to new facilities in Tennessee. “We remain focused on strategic scaling,” the firm stated, pointing to ongoing expansion in Wyoming. In parallel, its Digital Asset Management arm is leveraging over 12,500 self-mined BTC for yield strategies, with 2,210 BTC posted as collateral via Coinbase. The milestone comes as Bitcoin’s network hashrate recently dipped from a record 950 EH/s, signaling a pending 9% difficulty adjustment that could provide near-term relief for miners navigating thinning post-halving economics.
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