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Crypto

Binance sues Wall Street Journal for defamation, focusing on protecting user trust

Binance has filed a defamation lawsuit in New York against Dow Jones, the publisher of the Wall Street Journal. It claims a February WSJ report contained at least 11 false statements. The WSJ reported Binance fired staff who raised concerns over more than $1 billion in crypto transactions linked to Iran-related sanctioned entities. The case draws attention because New York has strong media protections and anti-SLAPP rules, raising the burden for a defamation claim.

AI & Enterprise

Snowflake steps up strategy to run AI work inside its data platform

Snowflake is speeding up a strategy aimed at keeping AI work inside its own platform rather than sending data out to external AI systems. Moves in that direction include a $200 million partnership with OpenAI, the acquisition of Observe AI and the unveiling of Project Snowwork. Snowflake has also integrated Google’s Gemini model into its CortexAI inference service and introduced Snowflake Postgres for AI agents.

Crypto

Coinbase CEO wealth down more than 15 trillion won in a year

Coinbase CEO Brian Armstrong has fallen out of the world’s top 500 rich list as the crypto market slump continues. His wealth dropped to $7.4 billion from $17.7 billion a year earlier, wiping out more than 15 trillion won. Reports cited by Cryptopolitan said Coinbase shares have fallen more than 50 percent since bitcoin peaked at $126,000 in October. JPMorgan cut its Coinbase price target, citing weaker crypto markets and slower stablecoin issuance.