Trump says US will form ‘AI Force’ and appoint AI czar: Reports
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*Trump Sued Over Plan To Sell Fast Access To Truth Social POSTS: BBG
TreeNews News, *Trump Sued Over Plan to Sell Fast Access to Truth Social POSTS: BBG
Former Twitter CISO Michael Coates appointed Chief Information Security Officer of the Solana Foundation
According to Foresight News , security expert Michael Coates announced on the X platform that he has been appointed Chief Information Security Officer (CISO) of the Solana Foundation, marking a new chapter in his career. Coates previously served as Head of Security at Mozilla, CISO at Twitter, and founded Altitude Networks, a startup focused on enterprise SaaS data security, which was later acquired by CoinList, thus entering the crypto industry. Coates stated that he chose to join Solana because the chain currently handles tens of billions of dollars in daily stablecoin transactions, exceeding the combined daily trading volume of most cryptocurrencies. He mentioned that future work will focus on integrating security capabilities into the foundation of industry operations and application security, addressing the unique security challenges of cryptocurrencies, and collaborating with policymakers and standards bodies to promote improvements in cybersecurity regulation.
The New York Times: Approximately one million investors lost a combined $3.81 billion investing in Trump-themed tokens.
PANews reported on July 4th that, according to The New York Times, nearly one million investors participated in various Trump-themed token investments by the end of June, with cumulative losses reaching $3.81 billion. Crypto analytics firm Nansen analyzed the trading mechanism, stating that the fee distribution rules of these tokens allowed Trump to profit from both rising and falling prices, with the core revenue coming from continuously generated transaction fees. His social platform, Truth Social, repeatedly promoted these tokens, further stimulating market activity and amplifying retail investor participation.
Trump will earn over $600 million from his Solana Meme cryptocurrency by 2025; Gillibrand reiterates calls for ethical reform of digital assets.
Odaily Odaily reports that Fox Business crypto reporter published an article on the X platform stating that following the release of President Trump's financial disclosure documents, Senator Gillibrand has reiterated his call for ethical reforms to ban presidents, members of Congress, and their spouses from issuing or sponsoring digital assets. The financial disclosure documents show that President Trump earned over $600 million from his Solana Meme coin in 2025. This announcement comes as Senator Gillibrand's long-standing advocacy for stronger ethical rules comes under increased scrutiny, following reports that his son has raised funds to launch a crypto derivatives exchange.
Tencent announced that Tian Yonglong, a former researcher at OpenAI, has joined the company to participate in the development of VLM.
According to sources at Tencent, Yonglong Tian, a former researcher at OpenAI, has recently joined Tencent's Large Language Model Department and will participate in the research and development of VLM (Visual Language Model). This marks another instance of Tencent poaching talent from OpenAI. On December 17th last year, Tencent announced an upgrade to its large model R&D architecture, establishing the AI Infra Department, AI Data Department, and Data Computing Platform Department. Former OpenAI senior researcher Yao Shunyu was appointed as the Chief AI Scientist in the "CEO/President's Office" (reporting to Martin Lau), and concurrently served as the head of the AI Infra Department and the Large Language Model Department (reporting to Lu Shan). This announcement garnered widespread attention on social media. (The Paper)
"The Fed's mouthpiece": Trump sets the tone, ushering in a new era of "forward guidance" for the Fed.
Odaily Odaily reports that Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," posted on the X platform that Trump stated he considers Fed Chairman Warsh to be a dovish figure within the Federal Open Market Committee (FOMC). This comes a day after White House National Economic Council Director Hassett made similar remarks; and a week earlier, Treasury Secretary Bessant stated he hoped the Fed would remain "open" to inflation and anticipated policy easing this year. A new era of "forward guidance"...