Entrepreneur Justin Sun is known in Washington as the financial power behind President Trump's crypto fortune, as the pair's business relationship has spiraled from partnership into dueling lawsuits.
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Bitcoin and Ethereum fell as macro uncertainty and leveraged positions kept crypto markets under pressure.
President Trump made $1.2 billion last year off uninsured cryptocurrency, and his continued cheerleading for the sector raises genuine questions about whether it poses a real risk to the broader US economy.
World, the biometric identity verification startup co-founded by OpenAI's Sam Altman, has raised $52.5 million through a sale of its WLD cryptocurrency token to a group of strategic investors led by Pantera Capital. ##…

Apple sued over alleged App Store crypto scam losses Apple is facing a lawsuit that accuses the company of negligence after three users said they collectively lost more than $1.8 million by downloading a fraudulent…
Prosecutors accused 21-year-old student Zyaire Wilkins of publishing several fake video games on Steam containing malware, infecting thousands of victims and stealing cryptocurrency from some of them.
Trump Media reported a $238 million second-quarter loss and said it will pull back from several side ventures to refocus on its social media business.

A bigger Treasury buyback program pulled long-term yields off multi-decade highs, lifting stocks, gold, oil and bitcoin in a single trading session.
Scam messages that imitate X security alerts are being used to trick users into handing over their passwords, according to reporting highlighted by The Guardian. The messages are designed to look like account warnings…
Chris Fall, director of the Center for AI Standards and Innovation (CAISI), has resigned after roughly three months in the role, becoming the third person to depart a senior AI policy post in the Trump administration…
SoundCloud has acquired Nina Protocol, a decentralized music platform that shut down in May, marking the streaming company's first acquisition since it bought AI music company Musiio back in 2022. ## What Nina Protocol…

PayPal CEO Enrique Lores indicates the board will consider any path creating superior shareholder value, signaling the company might reject the current $53.4 billion acquisition offer from Stripe and Advent International