Crypto billionaire Justin Sun’s renewed motion for a temporary restraining order in his lawsuit against Bloomberg seems to confirm my view that the lawsuit was sparked by the disclosure that he controls 63% of the supply of TRX.
Sun and Bloomberg had been “engaged in discussions that may moot the emergency relief”, but it sounds like Sun wanted more than they were willing to agree to.
Something I wish journalists understood better: anyone can nominate an article for deletion on Wikipedia, which kicks off a week-long discussion — even if the article is perfectly acceptable and will ultimately be kept. This does not mean "Wikipedia is trying to delete X!!"
Half the time I see news articles about "Wikipedia is trying to delete X!", I go look at the discussion and it's
Billionaire hedge fund manager Bill Ackman suggests Eric Adams drop out of the New York mayoral race, but first "place a large bet on Andrew Cuomo and then announce your withdrawal from the race" to "fund [his] future".
He writes: "There is no insider trading on Polymarket." Americans are currently prohibited from trading on Polymarket (though Polymarket makes only perfunctory attempts to block it, which are widely circumvented.)
By "no insider trading on Polymarket" he likely is referring to the fact that the SEC can't bring insider trading charges because Polymarket contracts are not securities. That doesn't mean trading on insider information would be legal (or ethical), though.
This long read in The Verge does a remarkable job of describing how Wikipedia's editing community works, the project's strengths and weaknesses, and the threats it faces.
In a time of misinformation, in a time of suppression, having this place where people can come and bring knowledge and share knowledge, that is a statement.
The Trumps' World Liberty Financial project has frozen WLFI tokens in wallet addresses belonging to Justin Sun that contain ~$100 million (on paper) in unlocked WLFI. Sun is a major backer of the project, which the Trumps say they founded to stop "debanking".
The freeze apparently came after Sun transferred around ~$9M of his holdings to Binance.
The World Liberty team has been desperately trying to prevent the WLFI price from sinking, including by burning tokens to boost the price. They may be concerned that whales like Sun could further depress the token price by cashing out.
The betting platforms can't open markets on Trump's death for obvious reasons, but Kalshi just so happened to open up a "Trump out as President" market on Saturday