The Daily: BlockFills files for Chapter 11 bankruptcy, probe finds document alleging $5M Milei-Libra promotion deal, and more
BlockFills filed for Chapter 11 bankruptcy, a probe uncovered an alleged $5M Milei-Libra deal, and Strategy bought more Bitcoin.Summary
The daily crypto newsletter highlights several key events, starting with crypto lender BlockFills filing for Chapter 11 bankruptcy in Delaware, listing assets between $50M and $100M against liabilities of $100M to $500M, following liquidity challenges and a restraining order.
Additionally, a recovered document suggests an alleged $5 million payment structure involving Argentine President Javier Milei promoting the Libra memecoin just before his related X post. The token subsequently crashed over 90% after briefly reaching a $4 billion market cap.
Other major news includes Strategy purchasing another 22,337 BTC for $1.57 billion, bringing its total holdings to 761,068 BTC. Furthermore, Abra agreed to go public via a SPAC merger valuing it at $750 million, and ShapeShift founder Erik Voorhees bought approximately $56.5 million worth of Ethereum.
(Source：The Block)