In an August 24 comment letter, Ondo Finance and broker-dealer affiliate Oasis Pro Markets urged the SEC and CFTC to apply the current security-futures framework.

The filing responds to the agencies’ June request under File No. S7-2026-21 concerning definitions for swaps and security-based swaps. Ondo argues under current federal law that cash-settled perpetual contracts linked to single stocks can qualify as security futures under the Commodity Futures Modernization Act of 2000.

Ondo Finance Presses Existing Security Futures Framework

Ondo’s position centers on how security futures are defined. The company argues that the statute focuses on the underlying security and settlement structure rather than requiring a fixed expiration date.

Under that interpretation, a perpetual resembles a traditional futures product without maturity. Funding payments and mark-to-market settlements replace scheduled expiration while preserving the contract’s function.

The framework also provides joint SEC-CFTC oversight and a notice-registration process. It allows firms registered with one regulator to register with the other without creating a separate entity.

Ondo says regulators can assess individual filings under current law instead of waiting for broader rulemaking. The proposal would bring offshore activity into U.S. markets with domestic supervision, clearing, margin, surveillance, position limits, and trading-halt requirements.

Offshore Trading Strengthens Ondo Finance Case

Ondo Global Panama Inc., an Ondo subsidiary, offers stablecoin-settled perpetual futures on U.S.-listed stocks to non-U.S. customers. Ondo said platform trading exceeded $8 billion during the six weeks following its launch by August 14.

The company also says it has about $4 billion in tokenized assets on its ledger and leads the tokenized equities market. Messari analysis cited by Ondo shows billions of dollars in equity-perpetual activity on newer offshore platforms.

In a September 2 blog post, Ondo linked three comment letters covering product definitions, portfolio margining, and data reporting. It said there is “something backwards about perps on U.S.-listed stocks trading entirely offshore” and urged regulators to prioritize U.S. trading.

Regulatory Debate Continues Over Perpetual Classification

The Blockchain Association also submitted an August 24 letter supporting the security-futures framework for equity perpetuals. It warned offshore liquidity could become harder to recover as trading habits and market depth become established abroad.

The debate follows the SEC-CFTC harmonization effort launched in March 2026. The CFTC approved Kalshi’s BTCPERP on May 29 as futures contracts and said additional perpetual products would be reviewed individually.

Kalshi later filed for perpetual contracts tied to a U.S. stock index and copper. Reports on September 2 said it was preparing a filing linked to West Texas Intermediate crude oil.

CME Group disputes this approach. Its June lawsuit against the CFTC argues perpetual contracts should be treated as swaps, not futures. The dispute could determine whether individual-stock perpetuals can operate under existing U.S. security-futures rules.

The post Ondo Finance Says US Rules Already Support Stock Perpetual Futures first appeared on Coinfea.

The upgrade raises Solana’s maximum serialized transaction size from 1,232 bytes to 4,096 bytes, roughly 3.3 times larger. It lets cryptographic, multisig, confidential-transfer, and DeFi operations previously requiring several transactions fit within one native atomic transaction.

Larger Solana Transactions Expand DeFi Capacity

Solana Foundation materials say the format can accommodate zero-knowledge proofs, BLS signatures, large multisig setups, confidential transactions, and other constrained workloads. Combining them can reduce separate signature requirements and avoid waiting through a sequence of confirmations.

SIMD-0296 raises the transaction limit to 4,096 bytes. SIMD-0385 defines V1 messaging and moves transaction configuration into the message.

Less than a day after activation, Anza CEO Brennan Watt highlighted a large testnet transaction on X, writing, “ATTENTION: large transactions have hit the testnet.”

V1 also changes resource handling. Legacy and V0 use ComputeBudget instructions for priority fees and resource requests, while V1 places those settings inside transaction configurations.

Native Atomicity Reduces Reliance on Bundles

Developers used Jito bundles to bypass Solana’s size ceiling. Jito documentation says bundles can contain five transactions, processed sequentially on an all-or-nothing basis through its block engine, while competing through validator tips.

SIMD-0296 says bundles lack protocol-level atomicity equivalent to one native transaction. V1 carries Solana’s transaction-level guarantee, letting qualifying swap routes, proofs, and other multistep DeFi operations succeed or revert together.

V1 removes Address Lookup Tables used by V0 to shorten account addresses. Addresses instead sit inline, simplifying validator input while consuming more bytes in account-heavy applications. Solana’s 64-account maximum remains unchanged, leaving account-intensive applications constrained.

The rollout coincides with Agave 4.2. Cryptopolitan reported a cost-reduction plan targeting roughly 90% savings and processing reductions from 500 milliseconds to 200 milliseconds, benefiting stablecoin issuers, wallets, and payment systems.

Infrastructure Prepares for September 9 Launch

Galaxy’s Q2 2026 Solana report highlighted rising stablecoin, tokenized equity, and real-world asset activity. It said future utility depends increasingly on lending, collateralization, margin, and yield, beyond issuance or trading. DeFiLlama data also indicates a substantial DeFi presence on Solana.

V1 remains opt-in, so Legacy and V0 transactions will continue working. The immediate issue is whether infrastructure reading V1 traffic is compatible.

Anza has asked RPC providers to upgrade to Agave v4.2.2 or v4.3.0-beta.3. Helius guidance warns RPC consumers that do not declare V1 support could encounter failures, including getBlock errors when V1 transactions appear.

The testnet phase gives RPC providers, indexers, wallets, SDKs, and analytics platforms their preparation window before the scheduled September 9 mainnet activation.

The post Solana Transaction V1 Reaches Testnet Ahead of September Mainnet Activation first appeared on Coinfea.

3 months to the biggest crypto event of the year. The countdown has begun.

Blockchain Life brings crypto industry leaders from around the world to Dubai, attracting founders and executives from key projects. The concentration of top industry players makes the forum one of the top destinations for high-value and effective networking.

Blockchain Life will kick off one of the biggest tech and business weeks of 2026, bringing together leading experts in Web3, digital finance, investment, AI, and future technologies in Dubai.

3 stages and 200+ high-profile speakers: founders and top executives of major projects, influential investors, representatives of Tier 1 funds, global experts, and legendary traders –the people shaping the future of the industry.

A major expo featuring 200+ sponsors: leading projects, top exchanges, mining companies, Web3 and AI teams, promising startups, as well as trading tournaments.

AI Future Forum 2026, a new track focused on emerging technologies: practical applications of artificial intelligence,the latest advances in robotics, and the convergence of AI with crypto and business.

The forum will conclude with the legendary Afterparty at one of Dubai’s top clubs, featuring a world-class headliner.

Major decisions. New trends. The biggest players. The next chapter of Web3, digital finance, and AI.

All of this – December 1–2 at Blockchain Life 2026 in Dubai.

Be where the global industry comes together to shape the future.

*Tickets are on sale now. Get 10% off with promo code COINFEA:

https://blockchain-life.com

The post Blockchain Life Returns to Dubai on December 1–2, 2026 first appeared on Coinfea.

Warsaw, Poland – 31 August 2026 – As regulated digital industries face accelerating change across technology, regulation and consumer expectations, HIPTHER Warsaw Summit 2026 returns to the InterContinental Warsaw by IHG on 27–28 October, bringing together the people navigating that change in practice.

From Regulation to AI: One Agenda for an Increasingly Connected Business World

The evolving HIPTHER Warsaw Summit 2026 agenda will tackle the forces reshaping regulated digital industries across Europe, from gambling regulation, compliance and market development to Responsible Gambling, AML, fraud prevention, digital identity and eIDAS 2.0. With Poland as the meeting point for a wider European conversation, the programme will examine how regulators, operators, legal experts and technology providers can respond to rising compliance expectations while supporting sustainable growth, stronger player protection and more resilient business models.

The discussion will extend across Fintech, banking and payments, AI, cybersecurity, infrastructure, marketing, SEO and AI-powered discoverability, business development and leadership — reflecting how quickly these areas are converging in practice. From responsible AI implementation and operational resilience to frictionless payments, secure digital identity and the future of visibility in AI-driven search, HIPTHER Warsaw will bring the people building, regulating and operating these systems into the same room to explore not only what is changing, but what businesses should do next.

Not Another Mega-Show. A Room Where You Can Actually Meet.

HIPTHER Warsaw is deliberately designed differently.

In an event calendar increasingly dominated by massive exhibition floors, packed schedules and a race for attention, HIPTHER’s boutique conference format prioritises access over scale and relevance over volume.

HIPTHER Warsaw Summit creates an environment where attendees can participate in the conversations on stage, meet speakers and fellow decision-makers directly, continue discussions during networking breaks and lunches, and build relationships throughout the two-day experience.

For companies and professionals increasingly evaluating the return on every event they attend, the proposition is simple: less conference logistics, more conference value.

Zoltan Tündik, Co-Founder & Head of Business at HIPTHER, commented:

“In an event landscape increasingly dominated by overwhelming mega-shows, HIPTHER Warsaw Summit is intentionally built around focus, access, and value. As technology, compliance, and market demands converge faster than ever, our goal is to bring the right leaders into the same room, not just to discuss what’s changing across Europe, but to leave with clear, actionable strategies for what to do next. From AI implementation and eIDAS 2.0 to responsible gambling and payments, this year’s agenda brings regulators, operators, and tech pioneers together for direct, high-level dialogue and practical learning that extends far beyond the stage.”

Learning That Continues Beyond the Panel

Alongside the main conference programme, HIPTHER Academy adds a practical learning layer to the Summit through expert-led workshops designed to transform industry knowledge into professional capability.

This combination of strategic conference content and applied learning reflects a wider HIPTHER principle: professionals should leave an event not only knowing what is changing, but understanding what they can do about it.

Business Happens Between the Sessions, Too

Networking is not treated as an add-on to the HIPTHER Warsaw experience.

Morning wellness activities and networking, structured breaks, networking lunches, and evening gatherings are intentionally integrated into the programme, giving attendees repeated opportunities to connect without having to constantly choose between content and conversation.

The Summit experience will also include the European iGaming Excellence Awards (EiGE Awards 2026), bringing the industry together to recognise excellence across European iGaming as part of HIPTHER Warsaw’s wider community experience.

Warsaw: Two Days to Understand What Comes Next

Connecting the iGaming market from Poland to Europe and beyond, the Summit will unite operators, regulators, suppliers, legal and compliance experts, technology providers, fintech and payments professionals, AI specialists, cybersecurity leaders, marketers, founders and senior decision-makers for two days built around one central purpose: turning the industry’s biggest questions into meaningful conversations with the people capable of answering them.

Learn more, explore the speakers and secure your pass:
https://hipther.com/events/warsaw-summit/

Media and sponsorship queries:

maria.arnidou@hipther.com

The post HIPTHER Warsaw Summit 2026: Where iGaming, Compliance and Tech Move Forward first appeared on Coinfea.

Hong Kong will become a major meeting point for the global online trading, fintech and financial services industry this October as iFX EXPO Asia 2026 arrives at the Hong Kong Convention and Exhibition Centre.

More than 5,000 attendees from over 130 countries are expected to join 150+ exhibitors and 120+ speakers for three days of business, networking and industry discussions from 7–9 October.

With just over a month to go, brokers, liquidity providers, payments companies, banks, exchanges, technology providers, digital asset businesses, affiliates and IBs are preparing to meet in Hong Kong to build partnerships, enter new markets and explore opportunities across Asia.

Global brands confirmed for Hong Kong

The exhibition will bring together international brands and emerging businesses across brokerage, liquidity, payments, trading technology, financial services, compliance, digital assets and market infrastructure.

Confirmed participating brands include ZFX, M4Markets, INFINOX, EBC Financial Group, Syphonix, B2Broker, UPTECH, ACCM, MH Markets, IC, CXM, LetKnow Pay, Mega Fusion, CBCX, FOREX.com by StoneX, GO Markets, IronFX, Centroid Solutions, LMAX Global and NomoPay, among others.

Across two exhibition days, attendees will be able to discover new products, compare providers and meet directly with companies supporting the online trading ecosystem.

The conversations shaping the industry

Across the Speaker Hall and Mastery Hub, the conference programme will examine the market, regulatory and technology developments influencing online trading and financial services across Asia.

Discussions will cover stablecoins and their role in cross-border payments, the rise of prediction markets, crypto and digital asset regulation, tokenisation, bullion and precious metals, and the technologies and changing client expectations shaping the future of wealth management.

The Hong Kong Gold Exchange (HKGX) and Bloomberg will open the event, bringing perspectives from two organisations closely connected to Hong Kong’s financial ecosystem and global markets.

Confirmed speakers include Wei Zhou, CEO of Coins.ph; Rachel Qiu, Head of Business Development and Chief Operating Officer at HashKey; Prof. Andy Chun, Professor of Practice at The Hong Kong Polytechnic University; Ronald Yim, General Manager for Hong Kong at StashAway; Tim Ferland, Group CEO of LetKnow; Emil Chan, Co-Chair of the Hong Kong Digital Finance Association; Lewis Huang, Chief Market Analyst at Bitget Academy; Will Malan, Sales Director and Account Executive at Alpaca Markets; Mohammad Isbeer, Group Chief Institutional Officer at Equiti Capital; Eric Xiao, Head of Sales for Asia at CMC Markets; Jason Martyn Hughes, General Manager at IC; and Chionh Chye Kit, Co-Founder and CEO of WIDTH and Treasurer EXCO of the Singapore FinTech Association.

More than an exhibition

iFX EXPO Asia 2026 will extend beyond the exhibition floor through a wider series of business and networking events taking place across Hong Kong.

The programme will begin on 3 October with a full-day Hackathon, followed by the official Welcome Party on 7 October.

On 8 October, the UF AWARDS ceremony will recognise standout brands from across the online trading and fintech sectors. The programme will continue with a series of sponsored and partner-led side events hosted by Worldpay, HKGX and BlockMaze.

Business Connect will provide additional ways for participants to hold more focused commercial conversations. Through 1:1 Business Connect, sponsors and exhibitors can identify the types of decision-makers and prospective clients they want to meet, with pre-qualified meetings arranged before the event begins.

Invitation-only Business Connect Roundtables will bring small groups of senior professionals together around shared business interests and industry challenges.

Exclusive travel and accommodation offers

International attendees planning their journey to Hong Kong can access discounted rates at selected event hotels.

Cathay Pacific, the Official Airline Partner of iFX EXPO Asia 2026, is also offering exclusive flight discounts for attendees travelling to Hong Kong.

Attendees can explore the available hotel offers and Cathay Pacific flight discounts through the official event website.

Connecting global business with opportunities across Asia

Hong Kong’s position as an international financial centre and a bridge between Mainland China, Asia and global markets makes it a strategic setting for the global trading industry.

Through its combination of exhibition, industry content, curated meetings and events across the city, iFX EXPO Asia 2026 will provide multiple ways for businesses to build relationships and explore commercial opportunities across Greater China and the wider APAC region.

iFX EXPO Asia 2026 takes place from 7–9 October 2026 at the Hong Kong Convention and Exhibition Centre.

Industry professionals can register through the official event website. The latest speaker line-up, agenda and event updates are also available online.

The post iFX EXPO Asia 2026: Hong Kong Set to Welcome 5,000+ Global Trading and Fintech Professionals This October first appeared on Coinfea.

The profit recorded by Dell in the second quarter hit $4.133 billion, up 255% from $1.164 billion a year earlier, with earnings per share of $6.34 against $1.70. The company earned $7.04 per share on an adjusted basis, equal to $4.591 billion, compared with $2.32 a share in Q2 2025. Revenue rose 57.7% year over year to $46.971 billion. Dell’s Infrastructure Solutions Group reported revenue of $31.78 billion, representing an 89% annual increase. The company’s AI-Optimized server business also delivered strong growth, with revenue doubling to $16.401 billion as demand for AI infrastructure continued to accelerate.

Dell reports rise in second quarter earnings

Traditional servers and networking grew 122%, and storage rose by 26%. The consumer-facing Client Solutions unit, tasked with selling PCs and laptops, added 20% to reach $15.03 billion. Dell said its AI server unit got about $60.9 billion in orders during the quarter, and converted $16.4 billion of this amount into recognized revenue. The unit closed the period sitting on a $95 billion backlog, representing a record for the business. CFO David Kennedy credited the company’s quarterly results to the company raising its targets.

“Our advantages reinforce one another, and throughout the quarter we used these strengths to drive growth, share gains, profitability and cash generation,” Kennedy said in the earnings release. For the current third quarter, Dell guided to earnings per share of $6.10, a 168% year-over-year increase, with adjusted EPS of $6.50 and revenue of about $49.0 billion, up 81%. The outlook for the entire year saw a sharper revision, with fiscal 2027 earnings per share now projected at $24.37, representing a 181% increase and being well over the previous estimate of $17.31.

Adjusted EPS was raised to $25.50 from $17.90, and full-year revenue guidance surged to $192.0 billion from $167 billion, representing a 69% annual gain. Dell now expects $74 billion in revenue for the year from AI-Optimized Servers, up from a prior $60.0 billion and representing growth of 200%. Separately, Dell’s board declared a quarterly dividend of $0.63 per share, with the payment scheduled for October 30 to shareholders on record as of October 20.

The results hit a market that has continued to question AI infrastructure expenditure, while wondering if it has reached a peak level. The documented backlog worth tens of billions in addition to a doubled server segment and a raised annual target gives the market bulls a concrete data point to work with instead of abstract forecasts. Investors will now anticipate the third-quarter results from the company, which are due later in the fiscal year, to see if the $95 billion backlog will convert into revenue at the pace Dell is now looking at.

The post Dell rises 9% as record AI server order boosts 2027 forecast first appeared on Coinfea.

The group of financial institutions wants to issue coins in additional G7 currencies over time and has named a stablecoin euro version as its next priority after the dollar stablecoin. The new company still remains unnamed and is expected to be formed officially in the second half of 2026. The stablecoin is meant for wholesale, institutional, and retail users, with cross-border payments and digital-asset trade settlement seen as early use cases. The launch of a bank-backed stablecoin is a new development, as it places the coin into a market so far dominated by non-bank issuers.

Goldman Sachs set to launch dollar-pegged stablecoin in 2027

This is an expansion of an effort that went public last October, when ten global systemically important banks (G-SIBs, the lenders regulators treat as too big to fail) said they were studying a 1:1 reserve-backed token that would live on public blockchains. Eight of those original ten are still in: Banco Santander, Bank of America, Citi, Deutsche Bank, Goldman Sachs, MUFG Bank, TD Bank and UBS.

Thirteen new names have now joined for the second phase of planning, with the roster now spanning five different regions. North America brings Capital One, Fidelity Investments, PNC Financial Services, Scotiabank, Wells Fargo and WisdomTree in addition to the earlier members. Europe adds BBVA, Commerzbank, Crédit Agricole, Lloyds Banking Group and Rabobank. East Asia is represented by MUFG Bank, Middle East by Abu Dhabi’s Sirius International Holding, and Standard Bank joins from Africa.

The rest of the group is made up of two US asset managers and the Abu Dhabi conglomerate subsidiary. The most interesting additions to this group of banks are Fidelity Investments and WisdomTree, with both banks already running their own stablecoins. Fidelity launched FIDD in January via a federally chartered national trust bank, while WisdomTree issues USDW under a New York trust charter.

Both banks’ decisions to back a shared token might point to a general conclusion within the industry that no single firm’s token or stablecoin is likely to acquire the reach and network needed to compete with the current non-bank issuers. The press release from the group claims the initiative wants to comply with both the US GENIUS Act and the EU’s MiCA guidelines, as applicable, implying the stablecoin is being designed with two of the world’s stricter stablecoin regimes in mind.

The post Goldman Sachs joins 21 other banks in joint USD stablecoin issuance first appeared on Coinfea.

The Block reported users can select tokens such as dogwifhat and pay through Apple Pay or Google Pay. Fomo chief executive Se Yong Park said buying a memecoin should feel like paying for coffee. Crossmint strategy head Fonz Olvera described part of the checkout system as “secret sauce.”

Crossmint said Fomo’s integration increased active traders sevenfold within one week. Its system has processed transactions for more than 68,000 customers new to cryptocurrency. Crossmint raised $75 million in Series B funding in June, reaching a $550 million valuation. Robinhood integrated Crossmint last month.

Card classifications draw scrutiny

The issue centers on card-network categorization. The Block found Visa and Mastercard transactions involving WIF carrying Merchant Category Code 5815. Visa describes the code as digital goods, including books, movies, music and audiovisual media.

Visa’s April 2026 manual states cryptocurrency transactions should use MCC 6012 or 6051 with Special Condition Indicator 7 and a quasi-cash signal. Mastercard’s June 2026 rules also assign crypto transactions MCC 6051, alongside additional category and transaction type identifiers.

Chase told The Block that one Visa transaction had not been categorized as cryptocurrency and appeared incorrectly classified. The bank said rewards were improper and complained to Visa. The New York Attorney General is also aware of the matter and is reviewing it.

Crossmint defends digital goods treatment

Crossmint said the 5815 classification was reviewed with relevant partners during onboarding and is appropriate for eligible digital collectibles. The company cited the Securities and Exchange Commission’s February 2025 staff statement on typical memecoins.

That statement said some memecoins are acquired for entertainment, social interaction, and cultural purposes. It also said their value is often driven by speculation and demand. The SEC described such assets as potentially “akin to collectibles” and said covered transactions generally do not constitute securities offerings.

However, payment classification and securities law involve separate standards. Payments experts told The Block that a token may fall outside securities rules while still qualifying as cryptocurrency under card-network requirements.

Retail access expands as oversight grows

Crossmint said its checkout still applies anti-money-laundering monitoring and fraud controls despite no separate KYC form during purchase. The issue extends beyond Robinhood Wallet and Fomo as regulators and payment companies examine card-based memecoin purchase classifications.

In August, more than 99% of Robinhood Chain trading volume came from memecoin activity, despite the network’s focus on tokenized stocks. Easier card purchasing places card-network classifications, rewards policies, and crypto payment rules under greater scrutiny.

The post Credit-card memecoin buys widen crypto access as card rules face scrutiny first appeared on Coinfea.

The Nasdaq-listed company disclosed the change in a Form 8-K filed with the SEC on September 1.

The amendment raises the ceiling on Hyperliquid Strategies’ committed equity facility with Chardan Capital Markets. The arrangement allows the company to issue shares over time and direct proceeds toward its HYPE-focused treasury strategy.

“The Amendment increases the Total Commitment … from $1.0 billion to $2.5 billion.”

Expanded equity facility supports HYPE accumulation

Hyperliquid Strategies entered the ChEF Purchase Agreement with Chardan in October 2025. The original structure limited gross proceeds to $1 billion before the amendment lifted the maximum to $2.5 billion.

The company had used the facility extensively before the increase. Its August 27 earnings release said it raised $646.6 million at an average issue price of $8.70 per share.

HSI reported deploying $773.4 million to acquire about 16.5 million HYPE tokens at an average cost of $46.77.

“$773.4 million deployed to accumulate ~16.5 million HYPE tokens at an average cost of $46.77.”

The larger facility gives the company additional fundraising capacity that can support further HYPE purchases if shares are issued and proceeds are deployed.

Exchange Cap limits discounted share issuance

The amendment also introduced limits on lower-priced stock sales after the first $1 billion of facility proceeds. Sales below $12.02 cannot push issuance beyond 42,641,847 shares under the Exchange Cap.

That cap equals 19.99% of shares outstanding immediately before the amendment. The restriction is designed to comply with Nasdaq shareholder-approval requirements under Rule 5635.

The $12.02 level is not a fixed share-price floor. HSI may exceed the Exchange Cap for lower-priced sales if shareholders approve additional issuance or an applicable exemption becomes available.

HYPE treasury growth meets protocol buybacks

Hyperliquid Strategies reported about $2.06 billion in total assets as of June 30, including roughly $1.904 billion in HYPE. The company ended fiscal 2026 with no debt and increased holdings from 12.5 million to 29.3 million HYPE.

HSI said HYPE rose about 77% during the June quarter while total digital asset market capitalization fell nearly 13%.

Hyperliquid also supports HYPE through protocol fee-funded buybacks. Bitwise CIO Matt Hougan wrote on August 12 that Hyperliquid generated more than $800 million in revenue last year and uses “~99% of it to buy and burn HYPE.”

A related Cryptopolitan report said Bitwise estimated $1.3 billion of HYPE had been purchased and burned since launch.

DefiLlama data showed annualized fees of $950.63 million, annualized revenue of $713.83 million, open interest of $13.771 billion, and HYPE at $82.21 at the time cited.

The post Hyperliquid treasury expands stock sale program to $2.5 billion and limits discounted issuance first appeared on Coinfea.

In a series of posts published on X today, Justin Sun, the founder of Tron, argued that his personal balance sheet is nobody’s business but also nothing to hide. How much he holds “has never been” the industry’s concern, he wrote, and he added that he would not use the figure to answer his critics. Sun then aimed Bloomberg and Forbes, stating that they count his crypto holdings at only 20% to 30% of their value when tallying his net worth, because those assets are concentrated, volatile, and by the outlets’ standards, not “certain.” Sun said he understands that logic, but it is the outlet’s methodology, and not his problem.

Justin Sun discusses his crypto portfolio

He wrote in a separate post that for 14 years, he has made the deliberate choice of keeping the bulk of his own assets in crypto. Forbes currently pegs the 36-year-old at $8.5 billion. Before the wealth posts, Sun published a lengthy account titled “My Girlfriend Jing Tian” on August 27. The post reportedly took him more than ten hours to write and was labeled “fictional.” In it, Sun said the couple had moved toward marriage.

He said he transferred a 30 million yuan bride price, about $4.5 million, to Jing’s parents after proposing in January, and that the two had agreed to have a child through surrogacy. Sun alleged that shortly before Jing was due to undergo an egg retrieval, she demanded a further $50 million. At that stage, he turned to Anthropic’s Claude chatbot for advice and, acting on its recommendation, refused the money and ended the relationship. Sun is reportedly now suing the actress and her parents to recover the bride price.

38-year-old Jing Tian, who is known for her roles in “From Vegas to Macau” and “Police Story 2013” and is followed by more than 26 million people on Weibo, rejected Sun’s account via the social media platform on August 28, insisting that she has not and will never sell her love. Jing added that she still believed in the law and would let time settle the matter. The episode blew up on Chinese social media and took over search results. Hashtags regarding the incident even trended on Weibo.

Some users have mocked the fact that a chatbot played a role in ending a romance, while others have been criticizing Sun for airing medical, financial and personal details. In an interview with Sing Tao Headline, Sun also shared his doubts about the AI’s judgment, and like Jing, said he would leave the resolution to his lawyers and the courts. Meanwhile, Cryptopolitan has reported that World Liberty Financial, the Trump family’s DeFi project, filed a defamation countersuit against Sun in May.

It alleged that he was involved in a coordinated smear campaign and short-selling after he sued the company for freezing his tokens. Sun has called the WLFI suit a “meritless PR stunt,” but he also remains locked in a years-long fight with Hong Kong custodian First Digital Trust over TrueUSD reserves.

The post Justin Sun under fire after fresh drama over personal wealth and bride price first appeared on Coinfea.