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Trump’s $15B NYT Lawsuit Rejected but Refiler Twist Triggers $TRUMP Coin Selloff
Yahoo Finance· 2025-09-19 19:53
Core Viewpoint - A federal judge has dismissed Donald Trump's $15 billion lawsuit against The New York Times, citing improper filing and excessive political rhetoric, allowing for a potential refiling with a shorter complaint [1][3]. Group 1: Legal Proceedings - The lawsuit was criticized for its length and tone, spanning 85 pages with defamation claims appearing only on page 80 [1]. - The court has given Trump's legal team 28 days to submit a revised complaint not exceeding 40 pages [3]. - The complaint accused The New York Times and its reporters of defamation, claiming damages to Trump's reputation and brand value [3][4]. Group 2: Content of the Lawsuit - The lawsuit included extensive praise for Trump's business career and attacks on "legacy media," which the court deemed excessive and irrelevant [2]. - Trump alleged that The New York Times acted as a "mouthpiece of the Democrat Party" and engaged in "persistent election interference" [4]. Group 3: Market Reactions - The dismissal of the lawsuit has led to significant sell pressure on the Trump-linked $TRUMP coin, reflecting legal uncertainty and volatility in assets associated with Trump's political brand [5][6]. - The case serves as a reminder of the risks associated with political tokens, prompting calls for stronger investor education within the crypto sector [6].
$PEPE Meme Coin to be Accepted as Crypto Payment in Social Casino of Bitnile.com, a Hyperscale Data Subsidiary
Globenewswire· 2025-06-05 10:30
Core Viewpoint - Hyperscale Data, Inc. is expanding its payment options by accepting the $PEPE meme coin on its subsidiary Bitnile.com, enhancing user experience and providing practical applications for meme coins [1][3]. Group 1: Payment Integration - Starting July 1, 2025, $PEPE will be accepted as a payment method on Bitnile.com for purchasing the Nile Package, which includes virtual in-game currency, Nile tokens [1][2]. - The Nile tokens are used for various casino-style social games on Bitnile.com, while Nile sweeps coins, which cannot be purchased, provide sweepstakes entries for potential prizes [2]. Group 2: Promotional Activities - Bitnile.com plans to accept $TRUMP coin starting June 15, 2025, with a promotional offer that triples the number of Tokens and Coins for purchases made with $TRUMP during the first month [3]. Group 3: Company Structure and Operations - Hyperscale Data operates through its subsidiary Sentinum, which runs a data center for mining digital assets and providing colocation and hosting services, particularly for AI ecosystems [5]. - The company intends to divest Ault Capital Group, Inc. (ACG) by December 31, 2025, focusing solely on data center operations and high-performance computing services thereafter [6]. Group 4: Shareholder Information - On December 23, 2024, the company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders, which will be exchanged for shares of ACG during the divestiture [7].