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BSV Investors Revive Lawsuit Against Binance Over 2019 Delisting
Investors in Bitcoin Satoshi’s Vision (BSV) are making a renewed push to revive a 2019 lawsuit against crypto exchange Binance, alleging that the platform’s decision to delist the token severely impacted its long-term value. BSV, currently trading around $42, is a hard fork of Bitcoin Cash (BCH), which itself forked from the original Bitcoin (BTC) network. The plaintiffs are asking the UK Competition Appeal Tribunal to revisit a July 2024 ruling that dismissed their “loss of chance” claim.
The original claim sought $9 billion in damages, but the investors now say they could pursue up to £10 billion (approximately $13 billion) if the case moves forward. The legal team contends that BSV never recovered from the delistings and continues to underperform due to lack of visibility and trading access. Despite a 15% price bump following news of the revived legal effort, BSV remains in a persistent downtrend and has failed to gain meaningful market share or network power relative to Bitcoin.
- Binance removed BSV in April 2019, citing concerns over its listing standards.
- BSV’s creator, Craig Wright, has long asserted—without proof—that he is Satoshi Nakamoto.
- Former Binance CEO Changpeng Zhao had publicly warned that Wright’s behavior could result in delisting.
- BSV has been the target of several 51% attacks, undermining trust in its blockchain’s security and stability.
These setbacks have only deepened skepticism about the project’s viability, even as its backers press ahead with legal action. Meanwhile, Changpeng Zhao confirmed that he has formally applied for a presidential pardon after initially denying reports of such a move. Zhao pleaded guilty to violating the Bank Secrecy Act in November 2023 as part of a settlement with U.S. authorities, leading to Binance paying $4.3 billion in fines, with Zhao personally contributing $50 million. He was sentenced to four months in prison and barred from holding any management position at Binance as a condition of the deal.
“The case is ‘BSV Holdings Limited’ vs crypto exchanges such as and . It is over the delisting of the BSV coin in 2019 and BSV holders are asking for £9 billion.” — BitMEX Research
Summary: BSV investors are seeking up to £10 billion in damages, arguing that Binance’s 2019 delisting caused lasting harm to the token’s value and visibility. The case highlights ongoing legal and reputational challenges for both BSV and Binance. (Source: TradingView)
900 BTC Worth $93.8 Million Leaves Binance in Mysterious Whale Move
A recent transaction has caught the attention of the crypto community: 900 BTC, valued at nearly $93.8 million, was transferred from Binance to an unknown wallet. According to blockchain data tracker Whale Alert, “900 BTC (93,786,226 USD) transferred from Binance to an unknown wallet.” The motivations behind this large transfer remain unclear, but such moves often indicate accumulation by a whale or a large holder, possibly moving assets to cold storage for long-term holding.
Large withdrawals from exchanges like Binance can signal a variety of intentions, including strategic accumulation or preparation for long-term storage. In related market commentary, Geoffrey Kendrick, head of digital assets at Standard Chartered, recently stated that his $120,000 Bitcoin price target “looks very achievable” and may even be too low. Kendrick predicted that Bitcoin might reach an all-time high of roughly $120,000 in the second quarter of 2025, driven by “strategic asset reallocation away from U.S. assets” and “accumulation by whales (major holders).”
- 900 BTC ($93,786,226) moved from Binance to an unknown wallet.
- Such large transactions often indicate accumulation or long-term holding strategies.
- Geoffrey Kendrick of Standard Chartered maintains a $120,000 Bitcoin price target for Q2 2025.
- Coinbase has launched 24/7 trading for Bitcoin and Ethereum futures, the first on a CFTC-regulated exchange.
Summary: A significant whale transaction has moved 900 BTC off Binance, fueling speculation about accumulation and long-term holding. Market analysts remain bullish on Bitcoin’s future price trajectory. (Source: Investing.com)
Coinbase Considered Allocating 80% of Balance Sheet to Crypto, Ultimately Opted for Caution
Brian Armstrong, CEO of Coinbase, revealed that the company once considered investing 80% of its balance sheet into Bitcoin, mirroring the strategy of Bitcoin advocate Michael Saylor. Armstrong stated, “There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into crypto – into Bitcoin, specifically.” However, Coinbase decided against this approach, citing the risk it would pose to the company’s cash position and overall stability as a startup.
Coinbase CFO Alesia Haas supported the decision, emphasizing that the company did not want to appear as though it was stockpiling Bitcoin in competition with its own customers. Despite abandoning the massive Bitcoin accumulation plan, Coinbase’s latest shareholder letter shows that the firm spent $153 million in Q1 of this year to accumulate digital assets, mostly in Bitcoin. The company now holds $1.3 billion in crypto. Haas added, “Rest assured, we are not stopping there.” Coinbase’s crypto holdings are intended to meet regulatory capital needs, support growing utility, and reinforce the firm’s commitment to the digital asset industry. At the time of reporting, Bitcoin was trading for $103,935.
| Metric | Value |
|---|---|
| Q1 2025 Crypto Purchases | $153 million |
| Total Crypto Holdings | $1.3 billion |
| Bitcoin Price (at reporting) | $103,935 |
Summary: Coinbase considered a bold move to allocate 80% of its balance sheet to Bitcoin but ultimately chose a more conservative approach, currently holding $1.3 billion in crypto assets. (Source: The Daily Hodl)
MEXC Lists 160 Tokens in April, Top Gainers Deliver Over 800% Returns
MEXC, a leading global cryptocurrency exchange, reported strong performance in April 2025, listing 160 new tokens—a 16.79% increase compared to March. The surge was driven by user interest in sectors such as Meme coins, GameFi, AI, and DePIN. The top 10 new listings delivered an average all-time high (ATH) return of 832.33%, with the token HOUSE soaring by +3,830.90%. Other notable performers included SEED (+952.63%) and TROLLSOL (+831.31%).
Tokens with high spot trading volume saw daily returns averaging 403.49%. Among the top assets were WCT (+849.40%), BANK (+937.10%), and BABY (+738.00%). MEXC’s early listing strategy allowed users to access five key tokens before their inclusion in IDO and alpha programs on other tier-1 exchanges, with HOUSE posting a remarkable +11,580% gain between listings. The platform also ran 23 Airdrop+ campaigns, attracting over 40,000 participants and distributing nearly $1.5 million in token rewards, with an average return of 40 USDT per user.
| Token | ATH Return (%) |
|---|---|
| HOUSE | +3,830.90% |
| SEED | +952.63% |
| TROLLSOL | +831.31% |
- 160 new tokens listed in April (16.79% increase from March)
- Top 10 listings: 832.33% average ATH return
- HOUSE: +3,830.90% ATH, +11,580% between listings
- 23 Airdrop+ campaigns, 40,000+ participants, $1.5M in rewards
- Average airdrop return: 40 USDT per user
Summary: MEXC’s agile listing strategy and community-driven campaigns delivered significant returns for early traders, with top tokens achieving gains of up to +11,580%. (Source: Morningstar)
Sources:
- Coinbase Exposes 10,000+ Pages of Hidden Crypto Oversight Files—Transparency Just Got Real
- BSV Investors Seek to Revive 2019 Lawsuit Against Binance Over Delisting Impact
- Backpack To Repay FTX EU Users Despite Ongoing Ownership Dispute With FTX Estate
- 900 BTC Leaves Binance in Mysterious Whale Move, What’s Happening? By U.Today
- Brian Armstrong Says Coinbase Considered Putting 80% of Balance Sheet to Crypto, but Decided Against It: Report
- MEXC Lists 160 Tokens in April, Delivers Over 800% Returns Across Top Gainers
