The reported business deal would make the “Web3-native fund” one of World Liberty Financial's biggest tokenholders, with more than Tron founder Justin Sun. World Liberty Financial, the cryptocurrency company backed by US President Donald Trump and his family, has reported that a United Arab Emirates-based company purchased $100 million worth of the platform’s governance token, WLFI. In a Thursday notice, World Liberty and Aqua1 Foundation — self-described as a “Web3-native fund” — said the $100-million deal was “intended to help accelerate the creation of a blockchain-powered financial ecosystem centered on blockchain development, Real World Asset (RWA) tokenization, and stablecoin integration, aiming to set new benchmarks for global capital efficiency.” The purchase makes Aqua1 a bigger WLFI tokenholder than Tron founder Justin Sun, who invested $30 million in the project in November. Read more
The interim US Attorney for the Southern District of New York requested an exclusion so prosecutors and defense lawyers may discuss a “potential resolution” for Michelle Bond's case. Jay Clayton, the former chair of the US Securities and Exchange Commission and now interim US Attorney for the Southern District of New York (SDNY), has suggested that prosecutors and defense lawyers may explore a “potential resolution” in the criminal case involving Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame. In a Thursday filing in the US District Court for SDNY, Clayton requested the judge overseeing Bond’s case exclude seven days under the Speedy Trial Act so the two sides could “engage in discussions regarding a potential resolution of the matter without the need for trial.” The filing followed a similar request for a three-day delay by Bond’s lawyers. Judge George Daniels signed an order the same day, cancelling a previously scheduled conference on July 15 and ordering oral arguments for a moti...