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Blockchain billionaire Sun takes Trump family’s crypto firm to court
Crypto entrepreneur Justin Sun on Tuesday sued World Liberty Financial, the digital currency venture co-founded by U.S. President Donald Trump and his sons, alleging that World Liberty illegally froze his holdings of tokens issued by the company.
Sun alleged in the lawsuit, filed in a federal court in California, that World Liberty secretly installed tools to prevent the sale of his tokens after they became tradeable in September 2025. The lawsuit also alleges that World Liberty threatened to “burn” — or permanently delete — his holdings, even while they were in Sun’s digital wallet.
Sun, the Hong Kong-based founder of the Tron cryptocurrency, bought $45 million of WLFI tokens — some 3 billion — and was later awarded a further 1 billion tokens after being named as an advisor to World Liberty, the lawsuit said.
BlackRock Bitcoin ETF Holdings Hit Record 806,700 BTC Worth $63.7 Billion
BlackRock’s iShares Bitcoin Trust has accumulated 806,700 Bitcoin (BTC) worth approximately $63.7 billion. The total marks a new all-time high for the world’s largest spot BlackRock Bitcoin ETF.
The record follows nine consecutive trading days of net inflows, during which IBIT added roughly 21,500 BTC. Institutional demand for regulated Bitcoin exposure continues to grow as BTC trades near $78,000.
Bitcoin Could Strengthen US National Security, Top Military Commander Says
US lawmakers are pushing to bring Bitcoin mining equipment manufacturing back to American soil — a move driven by growing concern that the country’s dependence on foreign-made hardware puts national security at risk.
That concern formed part of the backdrop when a four-star Navy admiral took a rare public stance on Bitcoin last Tuesday, telling a Senate committee it belongs in the same conversation as US military power.
Bitcoin Spot ETF Flow
The overall net inflow of the US Bitcoin spot ETF on Wednesday was $85.04 million. The total net asset value of Bitcoin spot ETFs is $100.98 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.57%. The Bitcoin spot ETF with the highest net inflow on April 22 was Fidelity Wise Origin Bitcoin Fund , with a net inflow of 56.69 million, according to SoSoValue.