ChainCatcher News, prominent law firms Frank R. Cruz and Pomerantz have announced a class action lawsuit against MicroStrategy Incorporated (NASDAQ: MSTR), accusing the company of making misleading statements to investors between April 30, 2024, and April 4, 2025. The lawsuit claims that MicroStrategy exaggerated the expected benefits of its "Bitcoin reserve company" strategy while underestimating the risks posed by Bitcoin price volatility, particularly the potential losses that could arise after the adoption of the new accounting standard ASU 2023-08.Previously, the lawsuit from Pomerantz has been filed in the U.S. District Court for the Eastern District of Virginia (Case No. 25-cv-00861), explicitly stating that on April 7, 2025, the company disclosed an unrealized loss of approximately $5.9 billion due to Bitcoin depreciation, resulting in an 8.67% drop in stock price on that day. Both law firms have set July 15, 2025, as the deadline for investors to apply to become lead plaintiffs, and affected investors can contact the relevant law firms to understand their legal rights.

ChainCatcher news, according to a disclosure from Gemini's official X platform, the cryptocurrency exchange Gemini has launched tokenized stock services in the European Union. Users can now purchase tokenized MicroStrategy (MSTR) stocks on the Gemini platform and transfer them freely on-chain.Gemini stated that they are collaborating with leading providers of tokenized U.S. public securities to offer customers greater liquidity, transparency, and the same economic rights as the underlying securities (in permitted regions).The tokenization of MSTR stocks is just the beginning, as Gemini plans to launch more tokenized stocks and ETF products in the coming days. This service is currently only available to customers in the European Union.

ChainCatcher news, according to Protos, the Norway-based mining company Green Minerals, headquartered in Oslo, had a market value of less than $6 million before announcing plans to purchase $1.2 billion worth of Bitcoin (BTC). After the news was released, the company's stock price soared to four times its value at one point, but then fell 58% from its peak within two days.Since going public in March 2021, the company's stock price has dropped from $3.33 to its current $0.37, a decline of up to 92%. Although the stock price saw a boost this week due to Bitcoin news, Green Minerals still plans to continue its deep-sea mining operations. The company attempts to emphasize the potential of blockchain technology in enhancing operational efficiency and supply chain transparency, including generating unique mineral source certifications with almost no actual customer demand. Green Minerals stated that blockchain will differentiate its approach from MicroStrategy, which has almost entirely shifted from business analytics software to a Bitcoin narrative.The company has previously purchased 4 Bitcoins and announced the adoption of a Bitcoin reserve strategy as part of its overall blockchain strategy.

ChainCatcher news, Binance founder Changpeng Zhao responded to "a team composed of executives from crypto hedge funds plans to raise $100 million through a publicly traded company they control to invest in BNB to establish a BNB version of MicroStrategy," stating that several companies are already making related attempts.

ChainCatcher news, U.S. pre-market cryptocurrency concept stocks are mixed, including:· Circle up 0.81%;· Microstrategy down 2.80%;· Coinbase down 1.89%;· MARA Holdings down 2.78%;· Riot Platforms down 3.04%;· BTCS up 0.45%.

ChainCatcher news, according to Protos, MicroStrategy (MSTR) board member Carl Rickertsen sold all of his MSTR shares this month, cashing out over $10 million.Rickertsen invested $700,000 in MSTR shares in 2022. According to legendary stock analyst Peter Lynch, "Insiders may sell stock for various reasons, but they buy stock for only one reason: they believe the price will go up."Since 2022, MSTR's stock price has significantly increased. Rickertsen purchased $608,000 worth of MSTR shares at $152 per share on June 13, 2022, and as of today, MSTR's stock price has risen by 152% from his purchase price.

ChainCatcher news, the US-listed company "SOL version of MicroStrategy" DeFi Development Corp (formerly Janover) has withdrawn its $1 billion shelf registration application due to the failure to include management's report on internal controls in the 10-K form. Part of the funds was originally planned for purchasing Solana, and DDC plans to resubmit the offering in the future.Shelf registration, also known as suspended registration, allows companies to register new securities offerings without having to sell them all at once. Documents show that DeFi Development Corp may issue various financial instruments, including common stock, preferred stock, warrants, and debt securities.DeFi Development Corp disclosed that as of the end of May, it held 621,313 SOL, a 96% increase from 317,273 SOL in April, with the SOL holdings valued at $97.2 million.