According to @FoxNews, the estate of bankrupt crypto exchange FTX is strongly disputing a $1.53 billion claim from hedge fund Three Arrows Capital (3AC), arguing in a court filing that 3AC's own risky trading strategy and withdrawals caused its collapse. FTX's lawyers assert that the actual value in 3AC's accounts was only $284 million in June 2022 and that 3AC is owed nothing, a stance that could significantly alter payouts for creditors of both firms. Separately, Trump Media and Technology Group (DJT) announced a $400 million share buyback, explicitly stating the move will not impact its Bitcoin (BTC) treasury strategy. This reaffirmation of holding BTC as a corporate treasury asset, funded by a separate $2 billion raise, is a notable signal for the crypto market and contributed to a 3.8% rise in DJT stock.

According to the source, Donald Trump stated his administration plans to establish 'clear and simple' market frameworks to ensure American dominance in the crypto and Bitcoin (BTC) space. Speaking at a Coinbase summit, he also referenced support for the GENIUS Act, which focuses on dollar-backed stablecoins. In related corporate news, Trump Media and Technology Group (DJT) has announced a $400 million share buyback program. The company's CEO, Devin Nunes, confirmed that this buyback is funded separately and will not alter its established Bitcoin treasury strategy. Following the announcement, DJT shares reportedly climbed over 3.8% in early trading.

According to PeckShieldAlert, TrumpCoin (DJT) has experienced a significant slippage, dropping by 91%. This drastic decline could signal potential issues within the token's market or underlying fundamentals, warranting cautious trading behavior.