According to @ai_9684xtpa, a blank-check company, M3-Brigade Acquisition V, backed by former Blackstone and Tether executives, is seeking to raise $1 billion to create a publicly traded crypto treasury firm. Citing a Bloomberg report, the plan involves purchasing a diverse basket of tokens, including Bitcoin (BTC), Ether (ETH), and Solana (SOL), distinguishing it from single-asset treasuries like MicroStrategy. This move, which would create one of the first multi-token public crypto treasuries, initially caused M3-Brigade's shares to fall 12% before recovering 5% in pre-market trading, indicating significant market interest and volatility for traders to watch. In a separate development, the estate of bankrupt crypto exchange FTX has filed to reject a $1.53 billion claim from the liquidators of Three Arrows Capital (3AC). FTX's lawyers argue that 3AC's collapse was due to its own risky trading strategies and that the actual value of its accounts was only $284 million in June 2022, not the claimed $1.53 billion. This legal battle is critical as its outcome will directly impact the recovery amounts for creditors of both collapsed crypto giants, with 3AC having until July 11 to object before an August 12 hearing.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's recent outperformance, with ETH dominance rising to nearly 10%, serves as a leading indicator for capital flows into altcoins like Pendle and Bittensor, supported by institutional inflows to spot ETH ETFs (Tam). BTC and ETH prices fell sharply due to geopolitical tensions from Israeli airstrikes on Iran, heightening market volatility (market data). Singapore's Monetary Authority (MAS) is requiring licenses for offshore crypto exchanges by June 30, a move potentially influenced by past failures of Three Arrows Capital and Terraform Labs, to eliminate regulatory arbitrage (MAS update). Quranium launched QSafe Wallet, featuring quantum-resistant encryption to protect assets like BTC and SOL from future threats, addressing accelerating quantum computing risks (Quranium).

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's dominance rise to nearly 10% signals capital flows into altcoins like DeFi and AI sectors, supported by over $1.25 billion in institutional inflows into ETH ETFs since mid-May. Concurrently, BTC and ETH prices dropped due to geopolitical tensions from Israeli airstrikes on Iran, with BTC trading at $103.3K. Singapore's Monetary Authority mandated licensing for offshore crypto firms, a move potentially influenced by past incidents involving Three Arrows Capital and Terraform Labs, which were domiciled in Singapore but lacked oversight.

According to Ai 姨 (@ai_9684xtpa), the whale address 0xA48...95f5e, which previously interacted with Alameda Research OTC and Three Arrows Capital, deposited 100 WBTC (worth $10.86 million) to Binance half an hour ago. Since May, this address has transferred a total of 860.31 WBTC ($90.4 million) to exchanges and still holds 200 WBTC. These significant whale deposits to Binance may signal increased short-term selling pressure on Bitcoin and related crypto markets, impacting trading strategies and liquidity conditions. Source: @ai_9684xtpa on Twitter.

According to Ai 姨 (@ai_9684xtpa), the widely watched ETH whale with a 25x leveraged short position has not yet been liquidated. The address currently holds 9,923.29 ETH in a short position worth $25.4 million, with a liquidation price at $2,577. The whale is actively reducing exposure to avoid forced liquidation, signaling extreme risk. Notably, this wallet is reportedly linked to Three Arrows Capital and has had multiple transactions with FTX, suggesting institutional strategies and potential systemic impact. This high-leverage activity increases market volatility and could trigger cascading liquidations in the crypto market if breached. Source: @ai_9684xtpa on Twitter, May 18, 2025.

According to @CCData_io, today's top stories in the crypto market include Three Arrows Capital liquidators seeking $1.3 billion from Terraform Labs, Marathon Digital announcing a $250 million private offering to acquire more Bitcoin, and KfW partnering with Boerse Stuttgart Digital for a blockchain-based digital bond.