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China’s Ant Group denies rumors about an RWA and stablecoin joint venture
NFT Gaming

China’s Ant Group denies rumors about an RWA and stablecoin joint venture

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Ant Group denies rumors of a collaboration between Ant Financial Technology and publicly-listed Chinese company Hainan Huatie involving partnerships in RWA and stablecoins.

In an official statement shared on the social platform WeChat, the fintech arm of Alibaba addressed rumors circulating about its digital technologies arm collaborating with another Chinese company to pursue web3-related ventures. The company in question is Hainan Huatie, a Chinese company that provides AI-computing services.

According to the press release, there’s been widespread speculation that the digital technology firm is gearing up for a cooperation with Hainan Huatie involving stablecoins and real-world assets. The company clarified that there have no formal agreement, business arrangement nor project implementation between the two parties.

In addition, Ant Group also took the opportunity to shed light on any other rumored false collaborations involving Ant Digital with regards to web3 topics RWAs and stablecoins.

“In addition, some companies in the market have recently hyped up hot concepts such as RWA and stablecoins, implying false cooperation with Ant Financial,” wrote the Ant Group in its release.

“Investors and partners are advised to carefully identify market rumors and pay attention to investment risks,” continued the company.

The company threatened entities spreading misinformation with legal action, specifically “unauthorized use of our company’s name for improper publicity.” Whether this claim is related to an earlier report on Ant International seeking stablecoin licenses in Hong Kong, Singapore and Luxembourg, as previously reported by crypto.news, remains unclear.

On June 12, a company spokesperson confirmed that Ant Group’s International arm has plans to obtain stablecoin issuer license in Hong Kong after the city’s Stablecoins Ordinance takes effect in August 2025.

According to the new law, all entities that intend to issue stablecoins pegged to the Hong Kong dollars or operate in the region must obtain a license from the the Hong Kong Monetary Authority.



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NFT Gaming

Eric Trump Denies Involvement in Tron Nasdaq Deal Despite Board Role

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In brief

  • Eric Trump has denied involvement in Tron’s attempt of a Nasdaq debut via SRM Entertainment.
  • He said he has “no public involvement” despite sitting on the board of a firm leading the deal.
  • It comes as Donald Trump’s crypto earnings topped $58 million in 2024.

Eric Trump has denied claims that he is involved in Tron’s planned debut on the Nasdaq, despite sitting on the advisory board of Dominari Securities, the investment bank brokering the deal.

“I’m the biggest fan of Tron and love @justinsuntron,” Trump wrote on X on Monday. “He is a great friend and an icon in the crypto space.”

But he rejected reports that he would take a role in the company. “I don’t have public involvement,” he said. The comment sparked speculation about what “private involvement” might exist.

Tron’s founder, Justin Sun, is planning to take the blockchain network public via a reverse merger with SRM Entertainment, a Florida-based company that produces theme park merchandise. 

In a statement Monday, SRM announced Sun would serve as an advisor and that it had received a $100 million equity investment from an unnamed private investor.

The firm intends to rename itself “Tron” and begin accumulating TRX tokens as part of a new crypto treasury strategy.

Dominari Securities,  a subsidiary of Dominari Holdings, is listed as the exclusive placement agent for a $210 million stock offering.

Eric and Donald Trump Jr. joined Dominari Holding’s advisory board in February this year. The firm operates out of Trump Tower, directly below the Trump Organization’s offices.



The Trump connection

Sun’s relationship with the Trumps has grown steadily.

In addition to attending a private dinner for Trump’s meme coin and acquiring a $75 million stake in World Liberty Financial, Sun is the largest holder of the $TRUMP token.

Following his investment in World Liberty Financial, the U.S. Securities and Exchange Commission paused an investigation into Tron and Sun that had been ongoing since 2023. It had accused Sun and his companies of market manipulation and selling unregistered securities.

Meanwhile, Trump’s family continues to leverage its political clout to profit from the crypto industry. Donald Trump’s crypto income has soared.

Disclosure filings released last Friday revealed that he earned $58 million from crypto ventures in 2024, primarily from WLFI token sales.

That figure was second only to his hospitality income, though crypto is expected to surpass it in 2025, fueled by a $390 million token sale and gains from his meme coin launched in January.

Dominari Securities and Tron have been contacted for comment.

Edited by Sebastian Sinclair

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US court denies emergency motion issued by Apple in legal case against Epic Games
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US court denies emergency motion issued by Apple in legal case against Epic Games

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A US court had denied Apple’s emergency motion to pause an injunction that prohibits the company from collecting fees on purchases made on alternative app stores.

Apple is currently in the process of appealing a court order issued last month, as part of its longstanding legal battle with Epic Games over “anticompetitive” commissions and not allowing developers to use alternative payment options.

As reported by CNBC, the US Court of Appeals for the Ninth Circuit ruled that Apple “bears the burden of showing that the circumstances justify an excuse of [its] discretion.”

It found that “after reviewing the relevant factors, [it] was not persuaded that a stay is appropriate.”

In response to the decision, Apple said it would continue to fight its case during the appeals process.

“As we’ve said before, we strongly disagree with the district court’s opinion,” a spokesperson said. “Our goal is to ensure the App Store remains an incredible opportunity for developers and a safe and trusted experience for our users.”

On June 2, the European Commission ordered Apple to comply with its Digital Markets Act (DMA), giving the company less than 30 days to update its App Store and enable developers to provide different methods of payment for apps.



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Fantastic Four Director Denies Doom's Involvement In His Film
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Fantastic Four Director Denies Doom’s Involvement In His Film

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Image: Disney

Ever since Robert Downey Jr. blew our multiversal minds at San Diego Comic-Con last year when he revealed he was returning to the MCU as Doctor Doom, Marvel fanatics have been trying to figure out just when Victor Von Doom would appear. After the Thunderbolts* post-credit scene appeared to hint at Dr. Doom’s arrival in the upcoming The Fantastic Four: First Steps, director Matt Shakman has emerged to slightly crush those dreams.

GameStop Doubles Down On Crypto With Massive Bitcoin Purchase As Stores Close

In an interview with Empire Magazine, Shakman plainly asserted that “Doom is not a part of my film, and therefore not a part of my purview.” That should be it, right? Wrong. Fans in denial (and delusion) are interpreting Shakman’s statements as technically true but not the full truth.

Some fans are focusing on how Shakman specifically mentioned that Doom is not part of his film or his purview. That sounds, they argue, like an attempt to establish plausible deniability, given how Marvel has separated certain duties on its films. After Thunderbolts* director Jake Schreier revealed to ComicBook.com that the film’s post-credit scene was filmed weeks before the theatrical release, the Russo Brothers confirmed they were the ones who filmed it, rather than Schreier himself. That told Marvel fans that a film’s director doesn’t have to be involved with any post-credit reveals, which would align with Shakman’s assertion that Doom has nothing to do with his efforts on the film.

In the Thunderbolts* post-credit scene, the New Avengers get a notification that an unidentified aircraft had entered Earth’s atmosphere before we see the iconic “4″ logo of the Fantastic Four emblazoned on the side of the ship. Doom has hijacked the Fantastic Four’s ship multiple times in the comic books, so it’s not far-fetched to believe he might do the same in the MCU.

We’ll have to wait until July 25 to see if these theories are anything more than just fanboy fantasies.





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Sam Reynolds
Crypto Trends

Telegram News: Elon Musk Denies Deal

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A deal that would bring xAI’s Grok to Telegram has apparently not been signed, despite prior reporting, putting sell pressure on TON’s recent rally.

🔥 This summer, Telegram users will gain access to the best AI technology on the market. @elonmusk and I have agreed to a 1-year partnership to bring xAI’s @grok to our billion+ users and integrate it across all Telegram apps 🤝

💪 This also strengthens Telegram’s financial… pic.twitter.com/ZPK550AyRV

— Pavel Durov (@durov) May 28, 2025

“No deal has been signed,” Musk posted late Wednesday in response to the Telegram founder’s announcement.

TON, a token associated with Telegram, dropped from $3.60 to $3.40 in the moments after the tweet. The token had been on a rally in the hours after the announcement, previously up 14% on-day, according to CoinDesk market data.

More to come…





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