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First Digital Trust is preparing to sue Justin Sun for defamation after he claimed the firm was insolvent. FDT filed a request with Hong Kong’s High Court demanding that Sun retract his accusations and refrain from future statements. On April 2, Sun advised users to withdraw from FDT, causing FDUSD to depeg nearly 10%. FDT previously served as custodian for TrueUSD’s reserves under Techteryx. CEO Vincent Chok asserted FDT acted only as a custodian and followed instructions from Techteryx or Archblock CEO Alex de Lorraine. The dispute centers around investment into Aria DMCC instead of Aria CFF. Sun accused FDT of embezzling $456M, issuing secret commissions, and mischaracterizing $15M loans. FDT denies all accusations, asserting FDUSD is fully backed and redemptions are honored. Sun has posted a $50M bounty for whistleblowers.

@NEARFoundation @ChrisDoNEARvan @eyal 🎙 Tokenization and RWAs face two major challenges: liquidity, especially in secondary markets, and achieving massive retail adoption in the real world. “How do we get things like the Mona Lisa at the Louvre onchain?” asked Alex Matsuo, Web3 and Fintech Leader at Amazon Web

 Breaking News: BREAKING: Historic Win For Ripple, CEO Confirms End Of SEC Case   ‘Odds Increasing’ Of US Bitcoin Buy In 2025 – Galaxy Analyst  byJake Simmons 2 hours ago · Posted in Bitcoin News    Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Alex Thorn, Head of Research at Galaxy Digital, expressed a marked shift in his outlook regarding potential United States government purchases of Bitcoin in 2025. Writing on Sunday via X, Thorn underscored what he described as an evolving picture, stating, “It does seem increasingly likely that the USA is making progress on the logistics and mechanics of the strategic reserve. We had predicted in dec 2024 that in 2025 the US would formally hodl BTC but not purchase, but we now see the odds increasing that US govt will make at least one purchase in 2025.” Thorn pointed to recent comments from the Trump administration as the reason for the change: “See Bessent’s comment to tucker carlson, drumbeat from sacks and hines,” as well as the upcoming deadline for the BTC audit: “Keep in mind monday is deadline from SBR EO for govt agencies to complete audit of their bitcoin / digital assets holdings. Not clear they will release anything publicly on this but likely progress being made.”

 Breaking News: BREAKING: Historic Win For Ripple, CEO Confirms End Of SEC Case   ‘Odds Increasing’ Of US Bitcoin Buy In 2025 – Galaxy Analyst  byJake Simmons 2 hours ago · Posted in Bitcoin News    Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Alex Thorn, Head of Research at Galaxy Digital, expressed a marked shift in his outlook regarding potential United States government purchases of Bitcoin in 2025. Writing on Sunday via X, Thorn underscored what he described as an evolving picture, stating, “It does seem increasingly likely that the USA is making progress on the logistics and mechanics of the strategic reserve. We had predicted in dec 2024 that in 2025 the US would formally hodl BTC but not purchase, but we now see the odds increasing that US govt will make at least one purchase in 2025.” Thorn pointed to recent comments from the Trump administration as the reason for the change: “See Bessent’s comment to tucker carlson, drumbeat from sacks and hines,” as well as the upcoming deadline for the BTC audit: “Keep in mind monday is deadline from SBR EO for govt agencies to complete audit of their bitcoin / digital assets holdings. Not clear they will release anything publicly on this but likely progress being made.”

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