World Liberty Financial alleges that Sun engaged in prohibited token transfers, straw purchases through third parties, and short selling of the company's WLFI token. The complaint further asserts that Sun was fully aware of the protocol's right to freeze user tokens to protect the community and adhere to governing agreements.
RaveDAO, the Web3 music and entertainment protocol, has denied allegations of market manipulation following a catastrophic week that saw its native token, RAVE, lose nearly 95% of its value. The project's response comes as the token, which peaked at an all-time high of $28.90 just days ago, is now trading at approximately $1.24, effectively wiping out billions in paper wealth and triggering investigations by major exchanges.
RAVE plunged more than 60% from its high as Binance and Bitget began reviewing the claims. The selloff unfolded rapidly, with price action confirming a disorderly unwind across major trading venues.
Robinhood UK President Jordan Sinclair stated that the company is very focused on market abuse and insider trading, emphasizing that not all prediction markets are offered to customers.
The American Navy, he wrote, had "successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing." The post on X was deleted minutes later, after "oil prices slid at their steepest pace in years," according to the Wall Street Journal. The White House press secretary later acknowledged publicly that Wright's claim was false.
Although silver futures prices took a plunge, the demand for physical silver still remains at an alltime high. The differential between futures prices and spot prices opened further, increasing the backwardation ratio. While futures prices on the COMEX and LBMA were in the $60-$80 range, the Shanghai Metals Exchange was still offering spot physical silver north of $90-$110 per oz.
Banca Monte dei Paschi di Siena SpA said Chief Executive Officer Luigi Lovaglio has been notified he is under investigation for alleged market manipulation and obstructing regulators in the bank's takeover of rival Mediobanca SpA. Monte Paschi also said it received a search order from Milan prosecutors. The company is confident in the correctness of its actions and is fully cooperating with authorities, it said in the statement on Thursday, following a media report.
The sci-fi films and books take place in a universe where a single, desolate and hostile planet, called Arrakis, controls the production of the Spice Melange, a powder that grants its users mind expansion powers and enhanced space travel mental navigation properties that are essential for interplanetary transport. Wars, espionage, and intrigue all become part of the plots, since control of the spice confers power over the entire market, and thus, the universe.
