Legend, a mobile DeFi app backed by Andreessen Horowitz and Coinbase Ventures, will shut down on 12 July after failing to reach enough users to stay viable despite raising $15 million.
AnaisElon Musk travelled to China with Donald Trump while still being on recall status in a US court case against OpenAI. The judge did not stop him from leaving, but he may still need to return quickly if called back to testify before the trial ends.
WeatherlyThe US Department of Justice has launched a compensation process for victims of the AirBit Club crypto scam, which falsely promised guaranteed daily returns from mining and trading. More than $400 million in seized assets will be used to repay eligible investors after several founders and promoters were convicted and jailed for running the fraud.
AnaisBithumb has launched a new anti-phishing campaign after a rise in AI-powered crypto scams using fake voices and video calls to trick investors into handing over funds and passwords.
AnaisA US court sentenced former Celsius executive Roni Cohen-Pavon to time served for helping manipulate the CEL token before the firm’s collapse. He will not face more jail time but must pay over $1 million and a fine, as the Celsius case nears its end.
WeatherlySpaceX is preparing to release its IPO prospectus ahead of a planned June roadshow, with the company aiming for what could become the biggest stock market listing ever.
AnaisOpenAI is considering legal action against Apple after ChatGPT’s integration into Siri failed to bring the user growth and subscriptions the company expected. The partnership has become increasingly strained as Apple expands support for rival AI models like Google Gemini and Anthropic Claude.
AnaisCoinone is in talks with OKX and Korea Investment & Securities over possible strategic investments of around 20% each, but no deal has been agreed yet.
WeatherlyKenyan detectives arrested Mildred Kache in Nairobi over an alleged fake gold deal that targeted an American investor. The victim sent 431,380 USDT for 400 kilograms of gold that was never delivered, and police are now tracing the money and searching for a second suspect.
AnaisPayward, the parent company of Kraken, cut about 150 jobs as AI tools improved efficiency ahead of a planned IPO. Kraken’s owner still targets a $20 billion listing, but the IPO has been delayed due to weak market conditions.
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