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Bit Digital pivots its strategy to Ethereum.
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U.S. Treasury drops Tornado Cash lawsuit appeal.
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Vitalik advocates for copyleft licensing.
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Unichain launches CFM experiment.
Bit Digital, Inc. announced a pivot in its corporate treasury from Bitcoin to Ethereum. After raising $172 million through an equity offering and selling approximately 280 BTC, the company accumulated a treasury of more than 100,000 ETH. CEO Sam Tabar highlighted Ethereum’s programmable capabilities, staking yields, and growing adoption as key drivers behind the move. Bit Digital plans to stake its ETH holdings to generate ongoing yield, positioning itself as a publicly traded platform focused on Ethereum-native treasury management and staking operations. The company joins other global corporate ETH holders such as Sharplink Gaming, BTCS Inc., and Bitmine Inc.
The U.S. Treasury has dropped its appeal in a lawsuit filed by crypto advocacy non-profit Coin Center. Coin Center and the Treasury agreed to end the lawsuit after recent court rulings concluded that OFAC’s sanctions on Tornado Cash smart contracts exceeded the Treasury’s statutory authority. The U.S. Court of Appeals for the Eleventh Circuit granted a motion to dismiss the case, officially ending Coin Center’s legal battle against OFAC. Coin Center filed the lawsuit against OFAC in October 2022, arguing that the agency lacked the authority to sanction smart contracts. In January 2025, the U.S. Court of Appeals for the Fifth Circuit ruled in favor of the argument, finding that the Treasury had overstepped its legal powers. Despite this legal victory, Tornado Cash developer Roman Storm is still scheduled to go to trial on July 14, 2025.
Vitalik Buterin published a blog post reflecting on open-source licenses, explaining that he now favors copyleft licenses over permissive licenses. Both are types of open-source licenses, but the key difference is that copyleft licenses require that any modified or derivative work be released under the same license. In contrast, permissive licenses like MIT or CC0 allow anyone to use, modify, and redistribute the work with minimal restrictions, even in proprietary projects. Buterin higlighted copyleft’s approach of “using copyright against itself” to enforce openness without posing strict licensing requirements on enterprises in crypto.
The Uniswap Foundation’s Conditional Funding Markets (CFM) pilot, a futarchy-based funding experiment, is now live on Unichain. Users can deposit USDC into their Butter Smart Wallet to predict which protocols will generate the most TVL growth if awarded grants for user incentives. Participating protocols include Compound Finance, Euler, Morpho, and Venus. Forecasters can earn rewards based on the accuracy of their predictions once the markets settle using actual TVL data.
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