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A Bloomberg investigation is drawing attention to a surprising connection between crypto giant Binance and the Trump-linked stablecoin USD1. According to sources familiar with the matter, Binance provided behind-the-scenes tech and promotional support for the token just months before its founder, Changpeng Zhao, better known as CZ, asked former President Trump for a pardon. Binance … Read more
Today’s edition of the weekly recap covers a shakeup at Polygon, World Liberty Financial’s response to collaboration allegations, and the Trump administration’s exclusive dinner with top memecoin holders. Coin holders chow down with Trump Polygon co-founder Bjelic announces departure World…
Austin Russell, who became a billionaire after his lidar startup Luminar went public, appears to be out as CEO, according to the company’s board. Luminar’s board announced Wednesday — the same day of its first-quarter earnings report — it had replaced Russell and appointed Paul Ricci to the role. Ricci is the former chairman and … Read more
Starlink, Elon Musk’s satellite internet constellation that is run through SpaceX, has caught legislators’ attention. Democratic Senators this week called for an investigation into whether the Trump administration is using trade negotiations to benefit Musk. In a letter addressed to federal officials, including Attorney General Pam Bondi and acting director of the U.S. Office of Government … Read more
Austin Russell, who became a billionaire after his lidar startup Luminar went public, appears to be out as CEO, according to the company’s board. Luminar’s board announced Wednesday — the same day of its first-quarter earnings report — it had replaced Russell and appointed Paul Ricci to the role. Ricci is the former Chairman and … Read more
Today’s edition of the weekly recap covers President Donald Trump’s planned dinner with top TRUMP token holders, Strategy’s continued Bitcoin acquisitions, and the new SEC chair’s pro-cryptocurrency stance.
Jonathan Raa | Nurphoto | Getty Images WASHINGTON — Senators Adam Schiff and Elizabeth Warren are warning that President Donald Trump’s private dinner with holders of his meme coin may constitute “pay to play” corruption, and are calling for an ethics investigation. The Democratic senators, from California and Massachusetts, respectively, sent a letter on Friday … Read more
Rumman Chowdhury, a data scientist, nonprofit founder, and former director of Twitter’s machine ethics team, had strong words for Elon Musk and the Department of Government Efficiency (DOGE) during an SXSW panel on Thursday. “When your funding is frozen and you don’t know if you’re gonna be fired, and there’s this, like, absolutely unhinged person … Read more
Virginia Democratic lawmakers are raising racially tinged concerns that the Virginia Military Institute’s board might decide against offering a comprehensive contract extension to the historic school’s first Black superintendent. According to Rep. Ben Cline, R-Va., a board member at Virginia Military Institute revealed that at least one member of the Virginia legislature had expressed concerns … Read more
Trump could face new lawsuits about ethics violations during his second term in office. Read More
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