Main Points:
- Renewed Lawsuit Looms: Binance founder Changpeng Zhao (CZ) is threatening Bloomberg with legal action over a report linking him to a Trump-backed stablecoin, reigniting a defamation showdown that tests media accountability and crypto’s public image.
- Bitcoin’s Bull Run Explained: The so‑called “Big Beautiful Bill,” a historic $5 trillion debt‑ceiling measure, has galvanized Bitcoin’s price toward $123 000, illustrating how fiscal policy can serve as unexpected crypto catalysts.
- Corporate Treasury Revolution: As Tokyo‑listed Metaplanet leads a takeover bid for Thai retailer DV8 to bolster Bitcoin reserves, Asia’s corporates are embracing crypto assets as strategic diversifiers in uncertain economic times.
1. Bloomberg vs. Binance Founder: A Renewed Legal Skirmish
Background of the Dispute
Changpeng Zhao, known in the industry as CZ, has a storied history of litigating against media outlets to protect his reputation. In July 2025, Bloomberg released an investigative piece alleging Binance had written the core code for USD1—a stablecoin launched by the Trump family’s World Liberty Financial Inc.—and that CZ sought a presidential pardon after pleading guilty in 2023 to anti‑money‑laundering lapses.
CZ’s Response and Legal Threat
In swift rebuttals across social media and Binance’s own channels, CZ branded the report “full of errors” and “FUD,” signaling preparations for another defamation suit against Bloomberg. This potential lawsuit is not CZ’s first; he previously sued a Hong Kong publisher over a 2022 article alleging Binance operated a Ponzi scheme, securing a victory that led Bloomberg to issue an apology in its Chinese edition.
Implications for Crypto and Media
- Media Integrity: The case shines a spotlight on journalistic standards in reporting on crypto’s opaque corners. A successful suit could heighten caution among outlets, potentially chilling investigative coverage.
- Investor Sentiment: In an ecosystem sensitive to headlines, renewed legal conflict adds volatility. Market participants will watch for any shifts in Binance’s compliance posture and public trust.
- Regulatory Scrutiny: US and global regulators monitor how major exchanges handle compliance. High‑profile litigation may provoke inquiries into Binance’s past cooperation with enforcement agencies.
2. Decoding the “Big Beautiful Bill” Driving Bitcoin’s Rally
Overview of the Legislation
In mid‑July 2025, the US Congress passed what political figures have dubbed the “Big Beautiful Bill” (BBB)—a $5 trillion increase in the federal debt ceiling designed to avert a government shutdown and fund federal operations. While primarily a fiscal maneuver, its side‑effects have rippled through crypto markets.
Mechanism Behind Bitcoin’s Surge
- Inflation Hedge: The BBB’s massive debt issuance raises concerns over long‑term inflation, driving investors toward Bitcoin as a scarce asset uncorrelated with government debt.
- Debt Ceiling Certainty: By resolving a looming default, the bill reduces macroeconomic tail‑risk, emboldening risk‑on positions, including digital assets.
- Political Backing: With President Trump endorsing the legislation and aligning with pro‑crypto policies, institutional appetite for Bitcoin has strengthened.
Market Reaction
- Price Action: Between July 10 and July 14, 2025, Bitcoin rallied from approximately $115 000 to a record $123 000 (see chart above).
- Institutional Flows: On‑chain data suggests a spike in large transactions, indicating renewed interest from hedge funds and family offices.
- Volatility Outlook: Analysts warn that once debt concerns recede, profit‑taking could lead to a pullback toward $100 000, though many remain bullish on the long‑term narrative.
3. Thailand’s “MetaPlanet” Moment: Corporate Bitcoin Treasury Adoption
Metaplanet’s Strategic Bid
Tokyo‑listed Metaplanet Inc.—already lauded for integrating Bitcoin into its balance sheet—has initiated a takeover bid for DV8, a Thai retail and consumer electronics firm, to transform it into a Bitcoin treasury champion in Southeast Asia.
Drivers of Corporate Crypto Adoption
- Inflation and FX Hedging: Regional corporates in Thailand face currency volatility and seek Bitcoin’s scarcity properties as a hedge.
- Regulatory Climate: Thai regulators have eased digital asset frameworks, enabling firms to hold crypto as corporate treasury under clearer guidelines.
- Competitive Differentiation: Early movers like Metaplanet and potential Thai counterparts gain media attention and investor interest by showcasing novel treasury strategies.
Other Corporate Moves in Asia
- DV8 Consortium: A Bitcoin consortium completed its acquisition of DV8 for strategic treasury diversification, signaling a broader trend among Thai public companies.
- Partnerships: DDC Enterprise pledged a $100 million Bitcoin partnership with Animoca Brands to advance corporate treasury frameworks in Asia Pacific.
Conclusion
The past week has underscored crypto’s maturation as it navigates legal tests, absorbs macro‑fiscal shifts, and cements its role in corporate finance. CZ’s standoff with Bloomberg tests the robustness of media accountability and the reputational stakes in an age of digital asset giants. The “Big Beautiful Bill” reveals how traditional fiscal policy can serve as an unconventional driver for Bitcoin’s valuation. Finally, Asia’s corporates—exemplified by Metaplanet’s bold play in Thailand—are at the vanguard, converting balance sheets into diversified, crypto‑enabled portfolios. For investors and blockchain practitioners alike, these developments spotlight both the opportunities and complexities of the evolving digital‐asset landscape.
