A New York judge granted a motion filed by US prosecutors in July to stay the CFTC’s civil case against Gannon Ken Van Dyke over making more than $400,000 on prediction markets. A federal judge ordered that a civil case initiated by the US Commodity Futures Trading Commission (CFTC) be stayed pending the outcome of a criminal case against a US soldier who is alleged to have used nonpublic information to profit from a Polymarket event contract on the removal of Venezuelan President Nicolás Maduro. In a Monday ruling in the US District Court for the Southern District of New York, District Judge Andrew Carter granted a motion filed by prosecutors in July to stay the CFTC’s civil case “pending the outcome of the criminal proceeding.” The cases against Gannon Ken Van Dyke, a US Army Special Forces Master Sergeant, involve allegations of making more than $400,000 on Polymarket event contracts tied to Maduro’s removal. According to the US Justice Department, Van Dyke was involved in the operation to oust Maduro in ...
Messari reported that TRON recorded all-time highs in stablecoin supply and network activity during the second quarter, while DeFi and decentralized exchange activity declined. TRON, the layer-1 blockchain founded by Justin Sun, ended the second quarter with $87.9 billion in circulating USDT (USDT), surpassing Ethereum (ETH) while processing $2.1 trillion in USDT transfers during the period. According to a Messari report, USDT accounted for 98.5% of TRON’s stablecoin market, which grew 4.1% quarter-over-quarter to a record $89.2 billion. Average daily USDT transfer volume also returned to growth, rising 4.3% to $22.8 billion after declining in the first quarter. The increase coincided with record network usage. TRON averaged 11.8 million daily transactions during the quarter, up 8.7%, while average daily active addresses climbed 11.7% to 3.6 million. The network processed a record 14.6 million transactions on June 15, the report said. Read more
An individual behind the Aqua 1 entity that purchased $100 million worth of World Liberty Financial tokens in 2025 is reportedly a businessman with ties to the UK and UAE. An individual previously under investigation in the UK for money laundering following the collapse of a cryptocurrency business was reportedly behind buying $100 million worth of tokens from the Trump family company, World Liberty Financial. According to a Sunday New York Times report, Guren Zhou, also known as Bobby, was behind the Aqua 1 entity that purchased $100 million of WLFI tokens from the Trump family crypto business in June 2025. The token purchase financially benefitted members of US President Donald Trump’s family and that of World Liberty co-founder Zach Witkoff. Zhou’s reported involvement in the World Liberty purchase followed speculation that the individual behind Aqua 1 was Dave Lee. The Aqua 1 foundation acknowledged in July 2025 that Lee joined the company as co-founder and CEO in April 2025, but did not say whether he wa...
Coinsbuy said it covered all affected client funds after unauthorized withdrawals, while an onchain investigator estimated more than $7.9 million was stolen. Wallets linked to crypto payments platform Coinsbuy were reportedly drained of more than $7.9 million across Ethereum and TRON on Sunday. According to a Telegram post from blockchain investigator SpecterAnalyst, the attacker began moving the stolen funds into Monero through exchanges, while ChangeNOW helped freeze a six-figure portion of the assets. Coinsbuy temporarily paused deposits and withdrawals following the incident before restoring both services, according to SpecterAnalyst. The investigator identified three addresses linked to the stolen funds, including two Ethereum addresses and one TRON address. Read more