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first_img Celsius v. Chainalysis most charges dismissed, one incitement charge allowed to proceed

According to Cointelegraph, a U.S. federal judge dismissed most of the claims made by the Celsius litigation administrator against the blockchain analytics company Chainalysis, but allowed one to proceed.U.S. District Judge Margaret Garnett of the Southern District of New York ruled on Tuesday, rejecting Chainalysis's request to dismiss the incitement charge, determining that the complaint sufficiently alleges that Chainalysis was aware that a press release issued by Celsius in 2020 contained false statements and assisted in disseminating that information.The court simultaneously dismissed 12 other claims with prejudice, prohibiting the plaintiffs from amending in this case; another 3 consumer protection claims were dismissed without prejudice, requiring the plaintiffs to amend or notify the court by October 20.The lawsuit was initiated by the Blockchain Recovery Investment Consortium (BRIC), which acts as the litigation administrator and claims manager for Celsius's bankruptcy estate, representing Celsius and some former clients in asserting rights. Chainalysis declined to comment to Cointelegraph.The core of the case revolves around a $3.3 billion "audit." In 2020, Celsius used Chainalysis's Reactor software to calculate its managed asset size and publicly announced the results as an audit.According to the complaint outlined by the court, a Celsius executive initially calculated approximately $1.18 billion in assets using Reactor, which later increased to about $3.3 billion due to adjustments in methodology.

first_img Chainalysis: Singapore's crypto economy grew by 55.4%, reaching a scale of 284 billion USD

According to Cointelegraph, data from Chainalysis shows that in the year leading up to June 2026, Singapore's cryptocurrency economic activity grew by 55.4% year-on-year, reaching a scale of $284 billion, reclaiming its position as the largest crypto economy in Central Asia, Southeast Asia, and Oceania amid an overall contraction in the region.The increase was mainly contributed by institutional platforms, with such activities surging by 94% to $60 billion, concentrated among a few market makers, over-the-counter trading firms, and institutional brokers. During the same period, the total crypto economy in the aforementioned region declined by 6.8%.Chainalysis pointed out that the growth of Singapore's institutional ecosystem is highly concentrated, primarily reflected in large transactions on existing platforms rather than the entry of numerous new services. At the same time, Singapore is tightening cryptocurrency regulations while promoting tokenization, stablecoins, and digital asset settlements.In 2025, the Monetary Authority of Singapore (MAS) required local crypto companies providing services to overseas clients to obtain licenses or exit the market. StraitsX CEO Tianwei Liu believes this measure curbed speculative activities and increased the proportion of banks and large enterprises applying blockchain in production. MAS is also conducting compliance stablecoin and tokenized bank deposit pilots through the BLOOM program, with Ripple joining on March 25 to test cross-border trade settlements using RLUSD.The Philippines, Thailand, and Vietnam excel in small P2P transfers. Chainalysis statistics show that the three countries collectively recorded 5.4 million domestic and international peer-to-peer transfers under $10,000, accounting for 14.4% of global similar transactions, but only representing 2.5% of the global crypto economy.

Analysis: The MVRV of long-term Bitcoin holders has risen to 1.35, exiting the shallow pressure zone

CryptoQuant analyst Zizcrypto stated that the adjusted long-term holder (LTH) MVRV metric has recovered from a shallow pressure zone and is currently back in a profitable state. Data shows that the adjusted MVRV for the long-term holder group with a holding period of 6 months to 10 years continued to compress and remained above 1 in April this year. An MVRV of 1 represents the overall breakeven line for this group, with values above 1 indicating unrealized profits and below 1 indicating unrealized losses.Between June and August, this metric fell below 1 five times, reaching a low of approximately 0.94 on June 30, when the BTC price was around $58,500, while the group's realized price benchmark was about $62,000, which is about 6% below the breakeven line. However, Zizcrypto noted that the duration and magnitude of this pressure were limited, with the metric remaining close to 1 and not entering the deep loss phase for long-term holders seen in 2019 and during 2022-2023. As of September 27, the adjusted LTH MVRV has recovered to about 1.35, with the BTC price around $84,500, while the long-term holders' realized price is about $62,700, indicating that the spot price is approximately 35% higher than this cost basis. The long-term holder group with a holding period of 6 months to 10 years has emerged from a shallow pressure phase below 1 and re-entered an overall profitable state, resembling a recovery after a healthy adjustment rather than a deep or prolonged loss cycle.
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