The Daily: Kevin O’Leary wins $2.8M defamation judgment against Ben ‘BitBoy’ Armstrong, Harvard trims bitcoin ETF holdings, and more
Kevin O'Leary won a $2.8M defamation judgment, Harvard adjusted its crypto ETF holdings, and global ETPs saw outflows.Summary
Investor Kevin O'Leary secured a $2.8 million default defamation judgment against crypto influencer Ben "BitBoy" Armstrong for false social media accusations related to a 2019 boating accident; the award includes $2 million in punitive damages.
In institutional news, Harvard Management Company reduced its BlackRock IBIT Bitcoin ETF holdings by 21% but established an $86.8 million position in BlackRock's Ethereum ETF, signaling continued digital asset conviction. Meanwhile, global crypto ETPs experienced a fourth consecutive week of net outflows, totaling $3.7 billion over the past month, largely driven by U.S. products.
Other key developments include deBridge launching its Model Context Protocol (MCP) to enable AI agents to execute non-custodial cross-chain transactions, and Ethereum co-founder Vitalik Buterin warning that prediction markets must evolve beyond short-term speculation to become AI-powered hedging tools.
(Source：The Block)