World Liberty Financial, the cryptocurrency company affiliated with U.S. President Donald Trump and his family, filed a defamation lawsuit against Tron creator Justin Sun in a Florida state court Monday, alleging “gross misconduct” from Sun over WLFI tokens he bought.

The lawsuit comes on the heels of Sun’s own lawsuit against World Liberty, which was filed in a federal California court, alleging World Liberty had unfairly frozen his ability to transfer his WLFI tokens. In Monday’s suit, World Liberty alleged that Sun-related entities bought WLFI tokens for other investors through straw purchases and may have “engaged in short selling” of the token.

World Liberty froze Sun’s WLFI tokens “to protect” itself “and the broader community as a result, the lawsuit said, adding that Sun’s tweets complaining about his tokens being frozen contain false or defamatory information.

Sun allegedly hired influencers and used bots to “amplify his lies,” World Liberty claimed, and as a result the company said it had “lost specific business opportunities.”

Many portions of the lawsuit were redacted, including portions describing Sun’s purchase of the tokens and sections about his alleged misconduct.

This alleged misconduct includes what World Liberty describes as “a large, deliberate, short-selling campaign designed to suppress $WLFI’s price at the moment of its public launch,” which the suit tied to Sun-affiliated wallets moving $300 million to Binance.

“Upon discovering these violations, World Liberty exercised its contractual rights to freeze Sun’s entities’ tokens to prevent further harm to World Liberty and the broader $WLFI community, an ability that Sun knew about well before this action was taken,” the lawsuit said.

One issue Sun knew about prior to his tweets was that World Liberty had the ability to freeze tokens, the suit said throughout the filing.

“Not only was Sun aware of the agreements’ terms, but Sun also knew through his personal experience that the defamatory statements were false because he (and the public) knew that World Liberty had the power to restrict the transferability of tokens,” the suit said.

The suit alleged defamation and calls for damages, expenses and retraction of Sun’s statements.

Bitget’s CFD platform has logged a record $8B day, with gold-linked contracts driving 95% of the jump as Chinese-speaking, European, and Southeast Asian traders pile into metals.

Bitget reported that daily trading volume on its CFD segment has broken through $8 billion, extending a run that saw the platform first pass $2 billion in early 2025 and then $6 billion in March 2026 as its multi-asset strategy gained traction.

Gold demand powers new CFD record

According to the exchange, the latest record has been “driven by the global macroeconomic environment and asset allocation needs,” with gold-linked contracts contributing about 95% of the increase in volume and emerging as the “core engine” behind the cross-asset spike.

Bitget pointed to heightened volatility in precious metals and commodities — influenced by geopolitical risk, inflation concerns, and shifting rate expectations — as key catalysts for traders rotating into XAU and other non-crypto products via its CFD offering.

On a regional basis, the platform said Chinese-speaking markets accounted for 42% of the incremental trading volume, the European market provided 27%, and Southeast Asia added 16%, meaning those three regions together generated 85% of the latest leg higher.

The remaining 15% of incremental volume came from other regions including Latin America and the Middle East, where Bitget has been rolling out localized campaigns to push its “Universal Exchange” positioning that combines crypto, CFDs, and copy trading.

UEX model links crypto capital to TradFi markets

Bitget’s CFD business is built on what it calls the UEX panoramic model, which lets users trade commodities, precious metals, foreign exchange, and stock indices using USDT as collateral, all from the same account they already use for spot and derivatives in crypto.

In practice, that means a trader can move from, say, BTC perpetual futures to XAUUSD gold CFDs, WTI oil, or major FX pairs without wiring fiat or opening a separate brokerage, using a single USDT margin pool to express macro views across asset classes.

Earlier milestones showed how quickly that model has scaled: Bitget’s TradFi platform hit $2 billion per-day volume on launch week, then reached a $6 billion daily CFD record in March as demand for gold, oil, and indices climbed on macro volatility.

A recent crypto.news recap described the CFD unit as “a key pillar” of Bitget’s push to become a universal exchange, noting that the platform aims to make it “as easy to trade gold, silver, indices, and forex as it is to trade crypto” using USDT margin.

Another crypto.news feature highlighted that the exchange is betting macro traders will increasingly “park capital in stablecoins and move between crypto and traditional markets without leaving the Bitget ecosystem.”

A separate crypto.news overview focused on how surging gold demand drove Bitget’s earlier $2 billion-per-day TradFi volumes, a dynamic now magnified at the $8 billion CFD level as metals again lead risk-off flows.

Key Takeaways

• Tyson Foods delivered adjusted EPS of $0.87, surpassing analyst expectations of $0.78
• Total revenue reached $13.65 billion, reflecting 4.4% year-over-year growth and exceeding projections
• Chicken division generated $523 million in operating income; Prepared Foods contributed $352 million
• Beef division recorded an adjusted operating loss of $202 million, with volumes declining 13%
• TSN shares climbed approximately 2% during premarket hours; the stock had already advanced 8.6% year-to-date before Monday

Tyson Foods (TSN) shares advanced Monday morning following the release of its fiscal second-quarter financial results that exceeded Wall Street’s projections.

The company’s adjusted earnings per share reached $0.87, comfortably beating analyst consensus of $0.78. While this figure represented a modest decline from $0.92 reported in the prior-year period, investors responded positively to the outperformance.

Quarterly revenue increased 4.4% year-over-year to $13.65 billion, surpassing Street expectations that ranged between $13.61 billion and $13.63 billion. TSN shares were up approximately 2% in premarket activity.

Tyson Foods, Inc., TSN

The stock had demonstrated solid momentum heading into the earnings announcement, posting an 8.6% gain year-to-date through Friday’s market close.

Chicken and Prepared Foods Segments Shine

Two business divisions stood out as clear performers during the quarter: Chicken and Prepared Foods. The Chicken segment produced adjusted operating income of $523 million, translating to a healthy 12.2% profit margin. The Prepared Foods unit contributed $352 million with an impressive 14.0% margin.

CEO Donnie King attributed the strong performance to “sustained market demand for protein.” Both divisions experienced growth in both volume and pricing metrics.

The Prepared Foods segment’s revenue performance also exceeded analyst projections, reinforcing the overall positive narrative surrounding the quarterly report.

Beef Division Continues to Struggle

The Beef segment remains a significant challenge for the company. This division registered an adjusted operating loss of $202 million during the reporting period.

Beef sales volume plummeted 13% compared to the same quarter last year. Elevated pricing continues to dampen consumer demand, creating visible strain on the segment’s financial performance.

Looking ahead to the complete fiscal year 2026, Tyson anticipates the Beef segment will generate an adjusted operating loss ranging from $350 million to $500 million.

The Pork division fared better, posting gains in both volume and pricing during the quarter.

The performance divergence across segments is striking. The strength in Chicken and Prepared Foods is effectively offsetting the weakness emanating from the Beef business.

Strong Financial Position and Future Outlook

Tyson achieved a $747 million reduction in total debt during the first half of fiscal 2026. The company’s liquidity position stood at $3.7 billion as of March 28, 2026.

Free cash flow generation for the initial six months totaled $432 million, representing a $50 million improvement compared to the corresponding period in the previous year.

For fiscal 2026, management targets free cash flow between $1.2 billion and $1.8 billion, while capital expenditures are projected to fall within a range of $0.7 billion to $1.0 billion.

The company anticipates full-year sales growth of 2% to 4% relative to fiscal 2025 performance.

Total adjusted operating income guidance for fiscal 2026 stands at $2.2 billion to $2.4 billion.

The Chicken segment by itself is expected to deliver adjusted operating income of $1.9 billion to $2.05 billion throughout the year.

Prepared Foods is forecast to generate between $1.25 billion and $1.35 billion for fiscal 2026.

Tyson’s balance sheet improvement efforts appear to be yielding results. The $747 million debt reduction achieved within a six-month timeframe represents meaningful progress.

The company’s substantial $3.7 billion liquidity cushion provides management with financial flexibility to navigate the persistent challenges in the Beef division.

Key Highlights

• U.S. equity futures declined Monday following Iranian media claims of missile attacks on an American naval vessel in the Strait of Hormuz region
• Pentagon officials refuted the Iranian state media claims, helping to stabilize early morning volatility
• Crude oil prices jumped more than 3%, with Brent crude approaching $112 per barrel
• President Trump unveiled “Project Freedom” to provide naval escorts through the strategic waterway; Tehran issued counter-threats
• Friday’s April employment report is anticipated to show only 60,000 jobs added

Equity futures in the United States tumbled Monday morning following claims by Iranian state-controlled media outlets that missiles had targeted an American warship operating near the Strait of Hormuz. The allegations sparked immediate market volatility before U.S. officials issued denials.

Contracts linked to the Dow Jones Industrial Average declined approximately 204 points, representing a 0.4% decrease. Futures on the S&P 500 dropped 0.2%, while Nasdaq 100 contracts shed 0.1%.

Both the S&P 500 and Nasdaq had achieved fresh all-time highs during Friday’s session, completing their strongest five-week stretch since May 2020. That bullish momentum faced headwinds Monday morning as geopolitical concerns took center stage.

Iran’s Fars News Agency reported that two missiles impacted a U.S. frigate after the vessel allegedly disregarded warnings against entering the Strait of Hormuz. U.S. Central Command responded via X, stating definitively that no naval vessels had sustained damage.

The official denial helped restore some market confidence, though lingering uncertainty persisted. Market participants rotated toward traditional safe-haven positions, driving the U.S. dollar index 0.3% higher against major global currencies.

Yields on 10-year Treasury notes advanced 4 basis points to reach 4.41%, reflecting investor appetite for lower-risk government securities.

Crude Oil Markets Rally on Transportation Concerns

Oil markets demonstrated significant sensitivity to the developing situation. Brent crude futures surged 3.4% to reach $111.80 per barrel. West Texas Intermediate increased 3.5% to $105.35 per barrel during morning trade.

The Strait of Hormuz represents one of the planet’s most critical maritime chokepoints. Approximately one-fifth of global petroleum supplies transit through this narrow passage, making any military escalation there an immediate concern for energy traders worldwide.

“Project Freedom” Initiative Heightens Regional Tensions

Over the weekend, President Trump announced the United States would commence naval escort operations for commercial vessels stranded in the contested waterway. The initiative was designated “Project Freedom.”

The President issued warnings via social media that any attempts to disrupt the operation would face “forceful” responses. Iranian officials countered with their own threats against American naval assets in regional waters.

The escalating rhetoric between Washington and Tehran elevated the probability of direct military engagement and maintained pressure on trading desks throughout the morning.

On the corporate earnings front, several notable companies are scheduled to release quarterly results this week. Technology sector reports will come from semiconductor firms Lattice Semiconductor, Advanced Micro Devices, and Arm Holdings.

Palantir and Paramount Skydance are also slated to announce earnings in the coming days.

Friday will bring the April employment situation report from the Bureau of Labor Statistics. Economic forecasters project merely 60,000 new positions were created during the month, representing a significant deceleration from March’s 178,000 additions. The unemployment rate is projected to remain unchanged at 4.3%.

The swift denial issued by U.S. Central Command regarding the Iranian strike allegations proved instrumental in preventing additional declines in futures contracts during early Monday trading activity.

Bitmine Immersion Technologies said its Ethereum holdings reached 5,180,131 ETH as of May 3. 

The company valued the position at $2,336 per ETH and said the holdings equal about 4.29% of the total ETH supply.

The company said its crypto, cash, and other listed holdings totaled $13.1 billion. That figure included 5.18 million ETH, 200 BTC, $700 million in cash, a $200 million stake in Beast Industries, and an $83 million stake in Eightco Holdings.

Tom Lee says ETH buying pace continued

Chairman Thomas “Tom” Lee said Bitmine acquired 101,745 ETH in the past week. He described the purchase as part of the company’s ongoing accumulation strategy.

Lee also said Bitmine had kept a faster ETH buying pace for four straight weeks. He stated that ETH was in the “final stages” of a “mini-crypto winter,” while linking the strategy to Ethereum’s role in tokenization and public blockchain use.

Meanwhile, Bitmine reported 4,362,757 staked ETH as of May 3. The company valued the staked position at about $10.2 billion, based on the same ETH price of $2,336.

The company said its MAVAN platform, short for Made in America Validator Network, was built to support its Ethereum treasury. Bitmine said the platform is also intended to serve institutional investors, custodians, and ecosystem partners seeking Ethereum staking services.

Lee said Bitmine’s annualized staking revenue had reached $297 million. He also said the company’s staked ETH represented more than 84% of its 5.18 million ETH holdings.

Ethereum Foundation sales add context

The latest Bitmine update followed another Ethereum Foundation sale to the company. Crypto.news reported that the foundation sold 10,000 ETH to Bitmine at an average price of $2,292 per coin, worth about $22.9 million.

The report said this was the foundation’s third over-the-counter sale to Bitmine in two months. It followed another 10,000 ETH sale one week earlier and a 5,000 ETH sale in March.

Crypto.news also reported that Bitmine had recently staked about $508 million worth of ETH, according to Arkham-tracked activity. At the time, Bitmine’s ETH holdings had crossed 5 million tokens, placing it among the largest institutional Ethereum holders.

Bitmine said it remains the largest Ethereum treasury and the second-largest global crypto treasury behind Strategy. The company also said it is now 86% of the way toward its stated goal of holding 5% of total ETH supply.

TLDR

• Nvidia shares finished Friday’s session at $198.45, dipping beneath the critical $200 threshold
• NVDA has maintained the $200 level during just two distinct periods since the end of 2025
• Tuesday’s earnings releases from GlobalFoundries, Arista Networks, and Super Micro Computer may influence market sentiment
• Major institutional holders like State Street and Geode Capital maintain significant positions in NVDA
• The company’s earnings announcement is set for May 20; Wall Street’s average price target stands at $275.25

Nvidia shares concluded Friday’s trading session at $198.45, declining 0.5% despite temporarily crossing above $200 earlier in the day. Monday’s premarket activity showed an additional 0.2% decline to $198.16.

NVIDIA Corporation, NVDA

The $200 price point has emerged as a critical psychological threshold for traders. Beginning in late 2024, NVDA has successfully maintained consistent trading above that benchmark during only two distinct periods: from late October into early November 2025, and throughout mid-to-late April 2026.

After breaking below $200 last Thursday, the stock couldn’t reclaim that level by Friday’s close, prompting questions about when sustained support might return.

This Tuesday brings earnings announcements from three significant players in the semiconductor and AI infrastructure sectors—GlobalFoundries, Arista Networks, and Super Micro Computer. Strong performance from these companies could potentially restore investor confidence in chip sector demand.

Nvidia’s quarterly earnings report is scheduled for May 20. The previous quarter showed earnings per share of $1.62, surpassing analyst expectations of $1.54, while revenue reached $68.13 billion—reflecting a 73.2% year-over-year increase.

Institutional Ownership Holds Firm

Despite recent price volatility, institutional capital continues flowing into the stock. State Street maintains a position exceeding 978 million NVDA shares with an approximate value of $154.5 billion. Geode Capital Management controls roughly 579 million shares valued above $91 billion.

Norges Bank established a fresh position during the previous quarter, with holdings valued at approximately $51.4 billion. Collectively, institutional investors and hedge funds control 65.27% of NVDA stock.

WorthPointe LLC expanded its stake by 43.2% during Q4, pushing its total holdings to 8,682 shares with a value around $1.6 million. Manning & Napier similarly increased its position by approximately 192,878 shares.

Regarding insider transactions, EVP Ajay K. Puri divested 300,000 shares at $182.25 during March, totaling $54.7 million. CFO Colette Kress sold 20,000 shares at $174.89 in the same timeframe. Insider sales have reached approximately $171 million throughout the past quarter.

Wall Street Targets Suggest Significant Upside

Analyst sentiment remains bullish despite recent weakness. The consensus price target for NVDA stands at $275.25, with 48 analysts assigning a Buy rating and four recommending Strong Buy. Just two analysts rate the stock at Hold.

Wolfe Research maintains a $275 price target alongside an Outperform rating. JPMorgan holds a $265 target with an Overweight recommendation. Morgan Stanley established a $260 target in early March. Rothschild & Co Redburn upgraded their target from $245 to $268.

Nvidia’s market capitalization currently stands at $4.82 trillion. The stock’s 52-week trading range spans from $110.82 to $216.82, placing the current price considerably below its yearly peak.

The company’s PEG ratio of 0.65 indicates analysts view the current valuation as attractive relative to anticipated growth rates. The 50-day moving average stands at $186.75, while the 200-day moving average sits at $186.18—both positioned below current trading levels.

Nvidia distributes a quarterly dividend of $0.01 per share, translating to an annualized yield of 0.0%.