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Tesla (TSLA.O) announced that it will add an additional shift to strive to complete all Cybercab orders on time.

World Liberty Financial (WLFI) officially announced on the X platform that it will launch a new WLFI token buyback plan to strengthen ecosystem construction and governance mechanisms. WLFI stated that the buyback will be initiated through initial fund allocation, with funding sources possibly including revenue generated from USD 1 reserves and other channels, and the plan will be continuously evaluated during implementation.The buyback aims to encourage holders to actively participate in WLFI governance while increasing the governance voting weight of long-term holders. WLFI plans to make token buybacks a continuous component of its long-term strategy, with the scale and speed of future buybacks adjusted based on ecosystem growth and governance participation effectiveness.

The Democratic Party has regained control of both the House and Senate in the U.S. midterm elections. According to Fortune magazine, California Congressman Robert Garcia, who will serve as the chair of the House Oversight Committee in the new Congress, stated in a statement and on X to "Lawyer up." Reports indicate that the Trump family's cryptocurrency company World Liberty Financial (WLFI) may become the first business to be investigated.Robert Garcia previously stated that the committee will focus on investigating "Trump family corruption," which includes Trump's cryptocurrency business, which Fortune claims has generated over $1 billion in revenue for Trump. With the Democratic Party controlling the committee, they will have subpoena power to compel the government, private companies, and individuals to provide documents and testimony.The Democrats have previously focused on a member of the UAE royal family known as the "spy chief," who is set to acquire shares in World Liberty Financial for $500 million in 2025. The company is currently applying for a national banking license that requires approval from an agency under the U.S. Department of the Treasury. House Democrats had previously called on U.S. Treasury Secretary Janet Yellen to investigate the transaction and indicated they would review Trump's pardon of Binance co-founder Changpeng Zhao, who reportedly assisted the Trump family in launching a stablecoin. Robert Garcia stated that acting Attorney General Todd Blanche and other government officials may face subpoenas on the first day of the Democratic majority's tenure; corporate donors to the White House banquet hall project and businesses that have dealings with the Trump family are also expected to be among the first subjects of investigation, with related inquiries potentially starting as early as February 2027. White House spokesperson Lauren Bis stated in an interview with Newsweek before the election that the only agenda for the Democrats is to continue their decade-long "witch hunt" against Trump.

Sun Yuchen posted on platform X that his lawyer has applied for sanctions against World Liberty Financial (WLFI) because the company disclosed the UAE citizenship of its shareholders months after he filed the lawsuit.Sun Yuchen stated that he signed a token purchase agreement to buy $30 million of WLFI in November 2024, later increasing the total investment to $45 million, and filed a lawsuit against WLFI in April this year, accusing it of fraudulently inducing investment and illegally freezing his tokens. According to his token purchase agreement, the case can be filed in federal or state court in California, and he chose federal court.Sun Yuchen claimed that the disclosure documents submitted by WLFI at the beginning of the case only listed one entity of WLFI, registered in Florida, and then filed a motion for mandatory arbitration; during the August hearing, the court hinted that it did not recognize the arbitration claim and ruled that some demands would remain for public trial. Less than a week later, WLFI suddenly "corrected" the disclosure documents, increasing the number of members in the ownership chain from 1 to 22, and claimed to have citizenship in Florida, Delaware, Puerto Rico, and the UAE, thereby arguing that the federal court has no jurisdiction because both parties have foreign entities.Sun Yuchen pointed out that WLFI claims it "is not an offshore organization," is "a company that pays taxes in the United States," and "when selling tokens, it poses as a U.S. company, only to discover its UAE identity when trying to escape the U.S. federal court." He stated that after the sanctions motion is ruled on in federal court, he will refile the lawsuit in California state court.

According to Cointelegraph, World Liberty Financial has frozen 27 million USD1 and 2 million WLFI related to the Binance hacking incident, and is working with BitGo to secure the stolen funds.

According to Onchain Lens monitoring, World Liberty Financial has transferred 156.31 million WLFI to Binance, Gate, Coinbase, and MEXC, worth approximately 8.06 million USD, suspected to be for sale. Related address: 0xFef30c262676dE9AF5e5E9Ba999cF774000b14B4.

Recently, Sun Yuchen discussed his lawsuit against the Trump family's cryptocurrency project WLFI in a conversation with Jin Ming. He clearly stated that he remains firmly supportive of President Trump's cryptocurrency policy and AI strategy, believing it to be very successful.The reason for suing World Liberty Financial is entirely a normal action for commercial investors to protect their rights. The cause stems from the project's lack of investment transparency and insufficient information disclosure, even involving allegations of fraud. The case has been formally submitted to the federal court in California and is to be decided by a federal judge, which fully complies with the operation of the rule of law in the United States.Sun Yuchen further clarified that this lawsuit will not affect his judgment of the macro trends in the United States. He continues to hold a significant position in U.S. technology stocks and is optimistic about TRX being approved for a spot ETF in the U.S., the on-chain business of U.S. stocks, as well as expectations for a stronger dollar and the continued strength of the AI industry.Sun Yuchen believes that public opinion has exaggerated and complicated this lawsuit; in fact, it is simply a "business-to-business" lawsuit. Even if the agreement's subject matter involves 400 to 500 million dollars, it does not significantly impact his overall asset portfolio.Sun Yuchen also stated that he invests with the patience of an old hunter. Once he is thoroughly optimistic and makes a significant decision, he will invest at least 4 to 5 billion dollars or more in a single transaction.

According to a report by Politico, Joel Greenberg, a shareholder of Circle Internet Group and a former software engineer at the company, filed a lawsuit in a U.S. federal court on Thursday, accusing U.S. President Donald Trump and his family of benefiting from two transactions involving the United Arab Emirates through the cryptocurrency company World Liberty Financial (WLFI), allegedly violating the U.S. Constitution's Foreign Emoluments Clause. This clause restricts the president from accepting money or other benefits from foreign governments without congressional approval.The lawsuit states that the first transaction occurred before Trump's second term began, in which he sold 49% of WLFI for $500 million, with the related funds reportedly coming from the UAE. After Trump took office, he reportedly earned millions from this transaction. The second transaction involved an investment fund established by the UAE government purchasing $2 billion worth of digital currency from the Trump family. The plaintiff alleges that this transaction inflated the value of the cryptocurrency assets held by Trump and generated millions in interest income for him, while significantly expanding the circulation of his stablecoin.

Executives from World Liberty Financial (WLFI), a cryptocurrency project supported by the Trump family, revealed at the stablecoin-themed roundtable forum during the Token2049 conference in Singapore that they plan to introduce USD1 stablecoin payments to large online merchants. WLFI CEO Zach Witkoff attended alongside co-founder Zak Folkman and Bam Azizi, co-founder and CEO of payment infrastructure provider Mesh. Azizi announced that Mesh has partnered with WLFI, allowing USD1 holders to spend the stablecoin within Mesh's merchant network, with related features set to launch this quarter.Folkman stated that in addition to World Liberty's own application, the team plans to promote the same technology to some of the largest Web2 enterprises in the market. USD1 is issued by BitGo, with reserves including cash, U.S. government money market funds, and other cash equivalents, designed to maintain a 1 dollar peg. According to CoinGecko data, its market capitalization is approximately 4.45 billion dollars.In August, the Office of the Comptroller of the Currency (OCC) granted conditional approval for WLFI to establish a national trust bank, which is intended for issuing dollar-backed stablecoins and custodial services for digital assets. Witkoff stated that this move will enable WLFI to assume the issuance responsibilities of USD1, which is currently managed by BitGo.

According to Arkham monitoring, about 14 hours ago, the Trump family's cryptocurrency project World Liberty Fi marked an address that transferred 25,997,000 WLFI to the cryptocurrency exchange Gate, valued at approximately 1.41 million USD, suspected of being a sell-off.

According to the Snapshot page, the proposal for the World Liberty Financial (WLFI) community to "Launch the WLFI Governance Participation Incentive Program" has concluded voting. Approximately 82.13% voted in favor, about 9.17% voted against, and around 8.70% abstained.A total of 2,306 addresses participated in the voting, with a total voting volume of approximately 2.114 billion WLFI, exceeding the statutory threshold of 1 billion. Holders of unlocked WLFI will lock their tokens for at least 180 days and participate directly in governance voting at least once every 90 days to receive dynamically calculated rewards; delegated votes do not count towards participation requirements.The program is scheduled to be launched before October 1 and will replace the original proposal passed on March 12, 2026.

Iranian Foreign Minister Amir-Abdollahian stated that the opening of the Strait of Hormuz depends on whether the conditions proposed by Iran are met, and Iran will not make concessions to the United States on established conditions.Amir-Abdollahian mentioned that Iran has been informed of the preliminary response from the United States regarding the proposal to reopen, but has not yet received specific information from the mediators.

World Liberty has initiated the WLFI governance voting, which involves a 180-day governance reward program.The reward does not have a fixed interest rate, and the fund pool is jointly contributed by the project treasury and the transaction fee income from World Liberty Markets.

According to on-chain analyst Yu Jin's monitoring, a multi-signature wallet of WLFI transferred 88 million WLFI (approximately 5.09 million USD) to Binance half an hour ago.In the past month, this address has gradually transferred 248 million WLFI (approximately 13.55 million USD) to Binance.

Former Sonic CEO Michael Kong posted a response to Sonic Labs' recent statement of "immediate termination of cooperation." He stated that the company still sought his assistance on the same day and expressed hope for his well-being, but the announcement did not specify the reason, leading to the misleading impression that "he may have been dismissed due to misconduct." Kong indicated that this departure was not voluntary; after working at Fantom/Sonic for over eight years, he negotiated and signed a severance and release agreement with Sonic Labs and its affiliates.Kong mentioned that for the past two and a half months, Sonic Labs repeatedly promised to fulfill the agreement but is currently refusing to do so, and the existing contractual agreements have also not been honored. The release agreement stipulates that both parties shall not publicly disparage each other, yet matters that should have been handled internally were made public by Sonic Labs, causing damage, which is why he chose to respond publicly. He noted that he had almost single-handedly won the company a lawsuit in South Korea worth approximately $150 million, which was described as one of the largest cryptocurrency disputes in South Korea, and cited a written evaluation from David Richardson, the owner of Fantom and Sonic, stating that his work should be appreciated by the foundation.Kong stated that he reserves all rights to make any claims against Sonic Labs and its affiliates.

According to a report by Reuters, U.S. Senate negotiators are discussing legislation that would require artificial intelligence companies to demonstrate that they are taking reasonable precautions to prevent their tools from causing harm. The proposal aims to grant the U.S. Secretary of Commerce the authority to require developers to provide proof of reasonable steps taken to prevent harm, referred to as "duty of care," and to authorize the dispatch of government auditors to test relevant products. Reuters was unable to immediately determine what constitutes "reasonable," and the related legislation is still under discussion.Even if Congress passes the measure, its prospects of becoming law still face significant resistance. U.S. President Donald Trump stated on Monday that existing authorities are sufficient to regulate and prosecute technology companies, suggesting that he would not sign a bill that sets new rules for artificial intelligence. Senate Majority Leader John Thune, Senate Commerce Committee Chairman Ted Cruz, and Democratic Senator Amy Klobuchar, who is involved in the negotiations, are discussing the proposal. Thune told reporters on Monday that Congress could set safeguards against more significant threats without compromising the U.S.'s leading position in the artificial intelligence race.Klobuchar stated in a statement that she is continuing to push for bipartisan legislation to oversee the greatest risks posed by artificial intelligence models, including requiring developers to work with government experts to validate and test models to ensure safety. Senior Democratic member of the Commerce Committee Maria Cantwell is also involved in the discussions. Reuters reported on Friday that negotiators are also discussing the possibility that if the government determines that certain artificial intelligence models are unsafe and wishes to prevent their release, it could be brought to federal court, where companies could challenge that decision. The portion of the measure involving federal courts would also prevent states from enforcing their own laws regarding specific risks associated with artificial intelligence models.

On-chain data shows that 1.4175 billion WLFI tokens, matching the holdings disclosed by U.S. President Trump, were transferred into a lock-up contract via a multi-signature transaction on May 19, establishing the first clear monetization timeline for his approximately $800 million holdings. Participants in this vesting plan must immediately burn 10% of the tokens upon entry and set a two-year cliff period, followed by a linear release over three years, with the earliest sale not possible until May 2028.On-chain data indicates that a total of six internal wallets transferred tokens into this contract, with the largest wallet depositing 1.575 billion WLFI, retaining 1.4175 billion after burning, consistent with Trump's disclosed holdings; two other wallets each deposited 375 million, and three wallets each deposited 225 million. This lock-up contract is currently the largest single holder of WLFI, holding 4.61 billion tokens, nearly half of the total supply. The total supply of WLFI has been reduced from a cap of 10 billion to 9.67 billion.This vesting plan was created through a governance proposal passed around May 6, with 11,537 wallets voting in support. Founders who hold tokens can choose to convert indefinite lock-up into a two-year cliff period plus a three-year vesting period, with participation being voluntary. A spokesperson for World Liberty Financial, David Wachsman, stated that the community voted in support of the founders burning tokens, and the co-founders transferred tokens into a smart contract to complete the burn, taking on the strictest lock-up conditions among all token holders.

According to Business Insider, Michael Burry, the prototype character of the movie "The Big Short" and a well-known short-seller, fiercely criticized the statement made by OpenAI and Anthropic CEO calling to "slow down AI development," accusing it of being highly self-serving.Michael Burry listed four core reasons: large language models are not true AI, protecting vested interests, creating hype for IPOs, and concealing the dilemma of sluggish growth. Michael Burry further pointed out that the so-called "active call to slow down" is merely a cover-up for the uncontrollable slowdown in industry growth and the forced delay of IPO plans.

According to CNBC, the cryptocurrency project World Liberty Financial, supported by the Trump family, stated that the rapid growth of its stablecoin USD1 and actual market demand refute external doubts about the project primarily relying on political connections for development. Currently, the circulation scale of USD1 has exceeded 4 billion dollars.World Liberty Financial CEO Zach Witkoff stated that the growth of USD1 comes from the product itself and market adoption, rather than special treatment from the Trump administration. USD1 was previously used in the 2 billion dollar investment transaction by the Abu Dhabi investment firm MGX in Binance, which is also one of the most significant institutional applications of USD1 to date.Recently, World Liberty Financial also received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter, planning to directly issue and redeem USD1 through World Liberty Trust Company in the future, and manage its reserve assets. Regarding the project's relationship with the Trump family, some Democratic lawmakers in the U.S. continue to raise concerns about conflicts of interest.

According to on-chain analyst Yu Jin's monitoring, Longling Capital (隆领资本) (0x2a2b...a5DaF) transferred 65 million WLFI to Binance, worth 3.79 million USD.