Sun claimed that the data was given strictly for the purpose of confirming his wealth during talks about adding him to Bloomberg’s Billionaires Index and that it was shared under a promise of confidentiality.

Filed on August 11 in a Delaware federal court, the lawsuit seeks immediate and permanent blocks against the release of his crypto asset breakdown. Sun argued that publishing such specifics could pose serious security threats.

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The lawsuit stated that making his exact holdings public could allow attackers to identify and track his wallets.

The filing outlines how Bloomberg approached Sun in February 2025. According to the complaint, journalist Muyao Shen reached out to include Sun in the Billionaires Index, which ranks the 500 richest individuals globally.

Although Sun was cautious about sharing his financial details due to the nature of digital assets, he eventually agreed after being assured the information would not be made public. His team reportedly emphasized multiple times that the data was private and intended for internal use only.

One of the lawsuit’s concerns is the possibility of “address clustering”, a method used to match public blockchain transactions to individuals. The filing warned that if Bloomberg reveals the specific amounts Sun holds, it could make it easier for others to trace his wallets and possibly target him.

Meanwhile, Sun recently completed Blue Origin’s NS-34 spaceflight after securing his seat in 2021 with a $28 million bid. What did he say about the spaceflight? Read the full story.

The dispute centers on documents known as “pause letters”, which the FDIC reportedly sent to banks asking them to stop offering services tied to cryptocurrency.

In a court filing on July 29, Coinbase asked a federal judge to reject the FDIC’s request to dismiss its lawsuit under the Freedom of Information Act (FOIA). The crypto exchange said these records could show that regulators discouraged banks from working with crypto companies in a coordinated effort, often referred to as “Operation Chokepoint 2.0”.

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Paul Grewal, Coinbase’s Chief Legal Officer, stated in a series of posts on X on July 31 that the FDIC has been making it difficult to get access to the full set of documents and that the company plans to keep pushing until more information is released.

According to the court filing, it took four separate court orders and six partial releases before the FDIC finally admitted to having all of the requested records. Coinbase also said the agency used a broad interpretation of FOIA rules to avoid reviewing the documents one by one.

Instead, the FDIC treated all the records as exempt under a rule meant to protect bank examination materials, even though the law usually requires a case-by-case review.

Coinbase wants agency officials to explain how the document review was handled. In addition, it is requesting copies of all denial letters the FDIC sent to other FOIA requesters between 2020 and 2024, in cases where bank-related documents were withheld.

Recently, Coinbase released a satirical video titled Everything Is Fine. What is the video about? Read the full story.

The request, published on June 5, is part of a copyright case filed by The New York Times.

The legal order, issued on May 13, tells OpenAI to stop removing output logs and to store them separately until further notice from the court. This includes logs that would normally be erased as part of routine system processes.

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OpenAI’s Chief Operating Officer, Brad Lightcap, stated the company believes this step goes too far. He explained that the company is challenging the ruling to protect users’ privacy and trust.

The New York Times filed its lawsuit in December 2023. It claims OpenAI and Microsoft used its content without permission to train their artificial intelligence (AI) tools, including ChatGPT and Bing Chat.

OpenAI said its actions fall under “fair use”, a legal concept that allows limited use of copyrighted work under certain conditions. The New York Times disagreed, especially when the AI can recreate full sentences from its articles or help people avoid the site’s paywall by summarizing locked content.

The New York Times stated that it is standing up for the value of journalism and protecting the rights of writers. However, OpenAI claimed that The New York Times has been selective in what examples it used in the lawsuit and is resisting innovation.

Meanwhile, Anthropic, an AI company, has been accused of using song lyrics without permission to train its AI model, Claude. How did Anthropic respond? Read the full story.

In a letter to Treasury Secretary Scott Bessent on March 13, Connolly called for an immediate halt to the initiative, arguing that it serves no public benefit and could financially benefit President Donald Trump and his allies.

Connolly also raised concerns about how the Strategic Bitcoin Reserve and the Digital Asset Stockpile were being handled, pointing out that the proposal could lead to favoritism toward certain cryptocurrencies.

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He noted that the Federal Reserve had already dismissed the idea as unnecessary and risky, and he questioned why taxpayer money should be directed toward such a volatile market.

Connolly argued that this approach would effectively act as a safety net for Bitcoin
BTC


$84,170.33

The White House announced on March 7 that the Digital Asset Stockpile would only consist of previously forfeited cryptocurrencies and that any purchases for the Bitcoin reserve would follow “budget-neutral strategies” to prevent additional costs for taxpayers.

However, Connolly remained skeptical and requested that Bessent provide all relevant documents and communications related to the initiative. He also sought a list of companies in which the Treasury has financial ties to crypto.

Meanwhile, Anthony Pompliano, CEO of Professional Capital Management, suggested that the Trump administration might be intentionally causing stock market drops. How? Read the full story.

Ver is facing tax-related charges in the United States, which could lead to a prison sentence of more than 100 years if he is extradited.

Ulbricht took to X on February 20, saying Ver had supported him while he was imprisoned, and he wanted to return the favor. “Roger Ver was there for me when I was down and needed help. Now Roger needs our support”, he wrote.

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Additionally, Ulbricht argued that prison time for tax-related offenses is excessive, adding, “Let him pay the tax (if any) and be done with it”.

Ver was arrested in April 2024 based on US charges of tax evasion, fraud, and filing false tax returns. Prosecutors claim he misreported capital gains from Bitcoin sales and undervalued two companies when he gave up his US citizenship in 2014 to become a Japanese citizen.

Ver denies the allegations, arguing that the process for paying the required tax was unclear at the time due to the limited liquidity of Bitcoin.

On January 26, Ver shared a video on X calling on US President Donald Trump for help. He claimed that only Trump’s “commitment to justice” could prevent his extradition and imprisonment.

Meanwhile, the viral “Hawk Tuah” girl, Haliey Welch, recently made a brief appearance following the troubled launch of her meme coin. How? Read the full story.