Former Wall Street executive Richard Kim is facing fraud charges after allegedly gambling away $3.8 million of his start-up’s investor funds in one week. Zero Edge, the company he led, never launched its planned blockchain app and has entered voluntary liquidation.
AnaisJustin Sun has taken legal action against Bloomberg for publishing details of his crypto holdings that he says were meant to stay private. He argues the information is wrong and could put his safety at risk.
WeatherlyBitpanda has launched in the UK, offering over 600 crypto assets to British investors. The company also partnered with Arsenal FC to raise its profile and attract more users.
AnaisElon Musk’s AI video tool, Grok Imagine, produced sexually explicit deepfake videos of Taylor Swift without being prompted for nudity. The controversy has raised legal, ethical, and regulatory concerns in the UK, especially over non-consensual content and insufficient age verification.
WeatherlyCitigroup plans to offer custody services for assets backing stablecoins and cryptocurrency ETFs, aiming to meet new US rules. The bank is also developing stablecoin payment solutions for faster cross-border transactions.
WeatherlyScammers are targeting crypto investors again by pretending to be law firms that can recover lost funds. The FBI warns victims to be cautious, as these fake firms ask for payments in crypto or gift cards and use personal details from previous scams to appear credible.
AnaisA man in the US was hospitalised for three weeks after replacing table salt with sodium bromide, based on advice from ChatGPT. The swap caused rare bromide poisoning, leading to paranoia, hallucinations, and serious health problems.
AnaisBitcoin miner TeraWulf has secured a $3.7 billion, 10-year deal with Fluidstack to provide AI hosting using over 200 MW of its New York facilities. Google is backing the project with $1.8 billion in guarantees and could gain an 8% stake through warrants, helping fund the AI expansion.
WeatherlyUS crypto and fintech leaders warned President Trump that banks’ planned fees for sharing customer account data could block innovation and limit competition. They urged the administration to stop banks from charging these fees, saying it would protect access to digital finance services and keep the US competitive.
WeatherlyJapan is set to approve its first yen-backed stablecoin this autumn, led by fintech firm JPYC. The token will be tied one-to-one with the yen and supported by bank deposits and government bonds.
Weatherly