Billionaire Tron founder Justin Sun has demanded that Donald Trump-affiliated World Liberty Financial (WLFI) reveal who is running its X account after it threatened to take him to court.

WLFI made the threat this weekend during a heated back and forth with Sun, who invested $75 million into WLFI tokens last year.  

Trump’s project has come under intense scrutiny after it deposited 3 billion of its WLFI tokens into lending protocol Dolomite in return for a $75 million loan in stablecoins. This was ahead of it unlocking 80% of its investors’ tokens, raising doubts about whether it’ll sell its positions before the unlock event. 

Sun’s 544 million WLFI tokens, worth $119 million at the time, were frozen by the firm last September. They’re now worth roughly $43.5 million after WLFI’s price dropped to $0.08. 

WLFI said Sun’s address was “suspected of misappropriation of other holders’ funds.” Sun downplayed these transactions. 

However, he took to X on Saturday to “denounce the ongoing token scandals by the bad actors at WLFI.”

Read more: Justin Sun nears $10M deal to settle SEC’s Tron lawsuit

He said, “Every action taken by the WLFI team to extract fees from users, to secretly implant backdoor controls over user assets, to freeze investor funds without disclosure or due process, and to treat the crypto community as a personal ATM — all of these actions are illegitimate and were never authorized by any fair, transparent, or good-faith community governance process.”

In response, WLFI claimed on Sunday that Sun is “playing the victim while making baseless allegations to cover up his own misconduct.”

It said, “We have the contracts. We have the evidence. We have the truth,” before adding, “See you in court pal.”

Read more: Justin Sun clashes with World Liberty Financial over frozen WLFI

Now, Sun is calling for WLFI to reveal who is running the account and who owns the powers that facilitated the freezing of his token. 

Specifically, he wants to know who blacklisted him acting as a “single guardian EOA,” and which individuals control the three-of-five multisig vote that can further seize his assets. 

He said, “A project that claims to stand for decentralization and financial freedom cannot concentrate this level of power in a single anonymous address. If the WLFI team has nothing to hide, they should have no difficulty identifying who controls these keys.” 

Across the same weekend as all this, the WLFI removed its team page that listed members of the Trump family as web3 ambassadors.

Sun’s Mar-a-Lago dinner might be awkward

Despite Sun’s attacks against WLFI, he still remains the top holder of Donald Trump’s memecoin and, in the process, holds the top spot for a luncheon with the president at his Mar-a-lago resort. 

It’s not a one-to-one dinner however, and depending on the ongoing US/Israel war against Iran, there’s a chance Trump may skip it entirely to attend to more pressing matters.

Fortune also reports that his attendance isn’t confirmed, and that the White House correspondents’ dinner takes place on the same day and Trump is confirmed to attend.

Read more: Donald Trump is suing the New York Times for harming his memecoin

Sun participated in the Trump memecoin competition last year and held $19 million worth of the token. He’s top of the leaderboard for this year’s dinner with 2.2 billion “Trump points.” Assuming he’s using the same wallet address, he currently holds $9.3 million worth of Trump’s memecoin.  

This year’s conference will feature Tether CEO Paolo Ardoino, Ark Invest’s Cathie Wood, UpBit founder Chi-Hyung Song, and even boxer Mike Tyson, as speakers at the event. 

WLFI CEO wasn’t happy with viral criticism

Another X thread that criticised WLFI this weekend managed to stir up WLFI CEO, Zach Witkoff.

The thread posted by cybersecurity researcher Peter Girnus went over the various connections between the Trump family, its crypto firms, its partners, legal cases, presidential pardons, and the billions of dollars in play. 

It also highlighted Sun’s own relation with the SEC. Girnus, while writing as if he were an ambassador to WLFI, said “Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated.”

Read more: ANALYSIS: Mapping Donald Trump’s growing crypto empire

He added, “The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The president signs the executive orders. The executive orders inflate the assets. The assets fund the family. I am the reason these events are unrelated.”

Witkoff argued that Girnus misunderstands the facts, and claimed WLFI and Trump’s memecoin are unrelated. He also claimed that WLFI has “zero association” with the entities Fight Fight Fight LLC or CIC Digital LLC.

Girnus, however, pointed out the glaringly obvious aspect that Trump’s family is connected to both of these firms. 

WLFI defends $75 million loan

The $75 million loan was one of the more recent factors that caused much of the discontent currently being voiced. 

When the WLFI unlocks, it’ll likely push the price of the token further down. This loan gives WLFI a position to sell its tokens before the event, and avoid any price depreciation. 

WLFI has rejected this notion outright. Spokesperson David Wachsman said on Friday, “It would be completely false to suggest that World Liberty is ‘exiting’ any positions: instead, we’re doubling down based on our roadmap.”

Read more: World Liberty investors clash over WLFI token unlocks

He said, “We are committed to sound risk management and continuously evaluate our positions and collateral structure, which is why we have already paid back 33%.” That’s $25 million repaid.

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Polkadot confirmed on Monday, April 13, that an exploit occurred on Hyperbridge’s Ethereum gateway contract. The Polkadot team stated that native DOT and the broader Polkadot ecosystem remain fully secure and unaffected by the incident.

Hyperbridge also confirmed the exploit in an X post this morning and said that it has paused bridging “while the team contains the issue.”

CertiK first flagged the exploit, reporting that the attacker had minted 1 billion DOT, worth about $1.17 billion at current prices, but only successfully cashed out about $237K.

Hyperbridgeis a cross-chain interoperability protocol built on Polkadot. The exploit was isolated to the Ethereum-side gateway contract and did not compromise the integrity of the Polkadot network itself, its parachains, and native DOT on Polkadot, per Polkadot’s X post.

According to a detailed report from on-chain analyst Verso, the attacker didn’t only target DOT, but was able to mint multiple other wrapped assets on Hyperbridge, including another approximately $1 billion in ARGN, as well as MANTA and CERE.

The incident comes just two weeks after Hyperbridge posted an April Fool’s joke announcement that it had been hacked ”We’ve been breached We’re working hard to fix this!’“ Today’s announcement of the actual protocol breach opened cheerily with “Bridge update!” prompting numerous comments calling out the project for irresponsible comms.

Sources: Polkadot, Hyperbridge

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

Key takeaways

• BTC is down 1% in the last 24 hours and is now trading below $71,000.
• The ongoing geopolitical tensions and the inflation fears continue to weigh on market sentiments. 

Bitcoin (BTC) is starting the week on shaky ground, hovering near the critical $70,700 support level on Monday. A decisive break below this zone could open the door to a broader correction. 

Geopolitical tensions dent risk appetite

The primary catalyst behind the poor performance is the geopolitical tension between the United States and Iran. 

Efforts to reach a resolution between the United States and Iran ended without progress, following talks in Pakistan that failed to produce a ceasefire agreement. US Vice President JD Vance described the proposal as a final offer, which Iran rejected, with state media citing excessive demands.

Furthermore, US President Donald Trump announced plans for a naval blockade of the Strait of Hormuz, threatening to disrupt a fragile ceasefire. At the same time, ongoing Israeli military activity in Lebanon has heightened fears of a wider regional escalation.

Macroeconomic pressures are also limiting Bitcoin’s upside. Fresh data from the US Bureau of Labor Statistics showed inflation accelerating sharply, with the Consumer Price Index rising 0.9% in March—its fastest monthly increase in four years. On an annual basis, inflation climbed to 3.3%, up from 2.4% in February.

The data has prompted investors to scale back expectations for Federal Reserve rate cuts, reinforcing a more hawkish outlook. 

Despite the current market conditions, institutional demand provided a degree of support last week. Data from SoSoValue shows spot Bitcoin ETFs recorded inflows of $786.31 million, building on modest gains from the prior week. 

If the institutional inflow increases, it could help stabilize prices and potentially drive a rebound in the near term.

Bitcoin price outlook: BTC approaches a crucial support level

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin is approaching a crucial support level. 

Bitcoin recently found support near its 200-week exponential moving average around $68,100 and posted a modest weekly gain. As of Monday, BTC is trading just above $70,700.

If bullish momentum builds, Bitcoin could target a move toward $74,500, which marks its 2025 yearly low. Indicators suggest early signs of stabilization, with the Relative Strength Index trending upward and the MACD signaling a bullish crossover on the weekly chart.

However, Bitcoin continues to face resistance from key moving averages, including the 50-day, 100-day, and 200-day levels.

If the daily candle closes above the 50-day EMA near $70,700, it could open the path toward $72,500 and beyond. 

On the downside, failure to hold this level could see BTC slide toward the $65,800 support zone.

Key takeaways

• PI is down 2.3% and is now trading below $0.1700.
• Investor confidence is declining as CEXs record roughly 2 million PI tokens in inflows over the past 24 hours, suggesting a near-term sell-off.

Pi Network (PI) is trading below the $0.1700 mark on Monday, extending its gradual decline as the token remains stuck in a consolidation phase. 

Recent data shows that centralized exchanges (CEXs) received close to 2 million PI tokens over the past 24 hours, pointing to rising sell-side activity amid a broader risk-off tone across the cryptocurrency market. 

Selling pressure persists amid geopolitical tensions

Pi Network continues to face downward pressure, mirroring wider market caution triggered by failed peace negotiations between the United States and Iran in Pakistan. The breakdown in talks has escalated tensions, with the US initiating a blockade of maritime traffic through the Strait of Hormuz—further dampening investor risk appetite.

Data obtained from PiScan shows that 1.92 million PI tokens were transferred to CEXs within 24 hours, suggesting that KYC-verified mainnet users may be reducing their holdings and adding to the ongoing sell-off.

Currently, investors within the ecosystem are shifting their attention to the upcoming Consensus 2026 event, hosted by CoinDesk from May 5–7. Pi Network co-founder Chengdiao Fan is scheduled to speak on May 6 on the topic of integrating Web3, AI, and blockchain for real-world utility. 

The event, with Fan speaking, could trigger a “buy the hype, sell the news” dynamic—potentially fueling a short-term rally ahead of the event, followed by renewed selling pressure.

PI could experience further selling pressure

The PI/USD 4-hour chart is bearish and efficient as the token is trading below both the 50-day and 100-day Exponential Moving Averages (EMAs), currently positioned around $0.1800 and $0.1898, respectively.

Momentum indicators reinforce the bearish outlook. The Relative Strength Index (RSI) sits near 44, below the neutral midpoint, indicating sustained bearish momentum. 

Meanwhile, the Moving Average Convergence Divergence (MACD) shows slightly negative histogram bars, suggesting that downside pressure remains in play.

On the downside, immediate support lies at $0.1556, the February 23 low. A break below this level could open the door to further declines within the current bearish structure.

However, if the bulls regain control, a move above the 50-day EMA at $0.1800 would be the first sign of recovery. A daily candle close above this level would allow PI to reclaim the 100-day EMA near $0.1898.

Key Highlights

• Workforce reductions implemented as Starknet experiences over 99% revenue decline
• Company pivots toward direct product development following revenue collapse
• Organizational restructuring aims to accelerate revenue recovery efforts
• New business units established to drive growth after dramatic decline
• Strategic shift underway as Starknet income experiences sharp contraction

StarkWare has implemented workforce reductions and initiated a comprehensive organizational restructuring following a dramatic decline in Starknet revenue that has significantly impacted the company’s growth trajectory. The blockchain infrastructure provider is now pivoting its strategic focus toward proprietary product development to stabilize revenue streams and broaden its market applications. The company’s objective centers on transforming its technological capabilities into sustainable revenue channels and consistent market demand.

New Organizational Framework Emphasizes Revenue Generation

StarkWare has unveiled a reorganized operational framework that separates its business into two distinct units designed for improved efficiency. This strategic reorganization supports the company’s broader objective of streamlining operations and achieving faster product-market fit. The workforce reduction enables StarkWare to function with a more agile and cost-effective organizational structure.

The revised structure features a commercial applications division operating alongside a dedicated Starknet infrastructure development team. This organizational separation enables StarkWare to distinguish between foundational technology advancement and revenue-focused product delivery. Consequently, different teams can concentrate specifically on generating income while pursuing targeted technological innovation.

Executive realignment accompanies this structural transformation as StarkWare redistributes leadership responsibilities across expanded portfolios. The chief financial officer now manages additional operational areas including cybersecurity, information technology, and workforce management. Engineering leadership has transitioned toward architectural strategy to reinforce fundamental technology direction and vision.

Dramatic Starknet Revenue Decline Triggers Strategic Realignment

StarkWare has confronted a severe contraction in Starknet revenue, experiencing a decline exceeding 99% from peak performance levels. Monthly revenue previously approached nearly $6 million but has contracted to approximately $48,000 as of April 2026. The company must fundamentally restructure its business model to compensate for diminished fee revenue across Layer 2 scaling solutions.

This revenue contraction reflects widespread industry transformations following Ethereum’s implementation of the EIP-4844 upgrade, which significantly reduced transaction fee structures. Reduced fee environments have constrained revenue potential for rollup solution providers like StarkWare. Despite revenue challenges, total value locked within Starknet maintains levels above $200 million, demonstrating ongoing network utilization and engagement.

StarkWare’s strategic focus is transitioning away from infrastructure scaling toward developing applications capable of generating direct revenue. The company intends to decrease dependence on external blockchain ecosystems while increasing proprietary product ownership. StarkWare’s goal involves capturing economic value across its complete technology infrastructure.

Proprietary Product Development and Full-Stack Control

StarkWare intends to develop products built entirely on its proprietary zero-knowledge proof technology infrastructure. The company will maintain complete control over critical components including Cairo, Sierra, and its STARK-based cryptographic frameworks. This comprehensive ownership strategy enables StarkWare to minimize reliance on external Layer 1 blockchain networks.

The applications division will create revenue-generating tools specifically designed to produce quantifiable income within StarkWare’s ecosystem. Leadership anticipates these products will exploit distinctive technical capabilities unavailable to competitive development teams. StarkWare aims to establish market differentiation through specialized and premium-value applications.

Ongoing research initiatives further demonstrate StarkWare’s commitment to advanced cryptographic technologies and forward-looking architectural designs. Internal development focused on quantum-resistant transaction protocols indicates the company’s long-term technical roadmap. Through this approach, StarkWare positions itself for competitive advantage through innovation while simultaneously reconstructing revenue fundamentals.

Foundry Digital, the largest Bitcoin BTC$71,150.35 mining pool by hashrate, launched a Zcash (ZEC) mining pool that quickly grew to control about 30% of the network’s hashrate, according to company data and its newly released block explorer.

The New York-based firm said multiple institutional miners joined the pool ahead of its public debut, following an initial announcement in March.

Alongside the pool, Foundry introduced Zcashinfo.com, a block explorer that tracks network activity. The site shows pool rankings, hashrate distribution, block data and mining difficulty in real time.

Zcash, launched in 2016, lets users send transactions on a public blockchain while keeping key details private through zero-knowledge proof technology. The network can verify that a transaction is valid without revealing the sender, receiver or amount involved using a cryptographic method known as zk-SNARKs.

The network, like Bitcoin, relies on proof-of-work mining, where specialized machines compete to solve cryptographic puzzles in exchange for rewards paid in newly issued ZEC tokens and transaction fees.

Blocks on Zcash are produced roughly every 75 seconds, far faster than Bitcoin’s 10-minute cycle, though both networks cap supply at 21 million coins. Zcash uses the Equihash algorithm, which is designed to require large amounts of memory, unlike Bitcoin’s SHA-256 system.

Because the odds of solving a block alone are low, miners often group into pools to combine computing power and share rewards. That structure has made large pools central to network performance, as they can control sizable portions of total hashrate.

Foundry’s pool distributes rewards through transparent addresses and uses a pay-per-last-N-shares (PPLNS) model, which tracks miner contributions over time to calculate payouts.

The pool is open to new institutional participants, with onboarding focused on regulated entities.

World Liberty Financial minted 25 million USD1 stablecoins on Monday morning and burned 3 million through its TokenGovernor contract, on-chain data shows, as the Trump-linked venture continues managing the fallout from a lending position that trapped depositors on DeFi protocol Dolomite.

The activity follows WLFI’s statement last week, posted in response to CoinDesk’s reporting on the Dolomite transactions, that it had repaid $25 million of the roughly $75 million it borrowed against its own governance token.

The venture deposited billions of WLFI tokens as collateral and borrowed stablecoins that were partially routed to Coinbase Prime, pushing Dolomite’s USD1 lending pool to near-100% utilization and leaving other depositors unable to fully withdraw.

Monday’s mint was funded through BitGo Custody and executed via WLFI’s USD1 Mint Authority contract. The 3 million USD1 burn moved from an address starting 0x2ce to the TokenGovernor contract before being sent to the null address, permanently removing the tokens from circulation.

Smaller test transactions of $10, $10,000, and $40,800 in USD1 were sent to a previously inactive address in the hours before the mint, a pattern consistent with wallet verification ahead of larger transfers.

The net effect is a $22 million increase in USD1 circulation. The simultaneous mint and burn indicates active supply management rather than a simple expansion.

However, the burn raises its own question of where those 3 million USD1 came from and why they were retired rather than redeployed.

Stablecoin issuers routinely burn tokens when collateral is redeemed, but WLFI has not disclosed the specific reason.

It is not yet clear whether the newly minted USD1 is intended to replenish Dolomite’s lending pool, fund additional treasury operations, or serve another purpose.

WLFI’s governance token has fallen roughly 15% since CoinDesk first reported the Dolomite transactions on April 9. Dolomite co-founder Corey Caplan is an advisor to World Liberty Financial.

CoinDesk has reached out to World Liberty Financial for comment in European morning hours.

Meta Platforms is experimenting with AI to develop a new way for its chief executive, Mark Zuckerberg, to communicate with his staff without being physically present.

A recent report by the Financial Times says the company is building a photorealistic, AI-powered 3D version of Zuckerberg, which would be capable of engaging with his employees in real time.

The system will be designed to simulate natural conversations, allowing staff members to interact with the digital representation of Zuckerberg, who can respond in a human-like manner.

While still in early stages, the initiative signals Meta’s continued investment in virtual human systems that can speak, respond, and hold conversations across different environments.

The digital version is being trained using Zuckerberg’s voice, facial expressions, tone, and public speaking patterns. It is also learning from his recent statements on company strategy, so it can deliver responses aligned with his views. Reports indicate that Zuckerberg is actively involved in testing and refining the system.

Meta expects the tool to give employees real-time access to leadership for guidance, feedback, and updates. The company also sees it as a way to improve internal communication, especially given its global workforce, where direct interaction with executives is limited.

However, it should be noted that creating such a system requires massive computing power to ensure lifelike visuals and low-latency conversations. Teams at Meta have been working to improve both rendering quality and voice realism. As part of this effort, the company has strengthened its capabilities through acquisitions such as PlayAI and WaveForms.

The project is separate from Meta’s internal CEO assistant agent, which helps Zuckerberg manage daily tasks and retrieve information. Unlike that system, the 3D model is focused on communication and interaction, and could eventually extend beyond internal use.

Once successful, the approach may open the door for creators and influencers to build their own AI-driven avatars to engage audiences. Meta has already taken initial steps in this direction through its AI Studio platform.

Meta pushes into social commerce to strengthen creator ecosystem

The development follows Meta Platforms’ expansion in social commerce by linking creators, artificial intelligence, and advertising more closely to purchasing activity across platforms like Instagram and Reels.

A central part of the strategy involves increasing the role of creators in the shopping journey. Businesses in 22 countries, including India, will soon be able to share product catalogues directly with creators. These can then be tagged and linked within Reels, effectively turning content into shoppable storefronts.

The update would narrow the gap between entertainment and commerce, allowing users to move more seamlessly from discovery to purchase within the same interface.