Trump and Musk don't mention crypto and 3 AC liquidators sued Terraform Labs. This is CoinDesk Daily. I'm your host,

Jen Sanassi. Former President Donald Trump did not mention Bitcoin or crypto in an interview with ex-CEO

Elon Musk on Monday. Over two hours,

the wide-ranging interview covered a variety of topics, including illegal immigration, the economy,

AI, and global warming. On polymarket, betters were giving a 65% chance of crypto being mentioned

during the interview with over $600,000 staked on the topic.

The prediction market also added another market to ask betters about the possibility of Bitcoin being

mentioned, which peaked at 69% with approximately $330,000 on the table.

Defunct crypto hedge fund Three Arrows Capital Liquidators have sued Terraform Labs for

$1.3 billion. For losses, the fund suffered after the 2022 crash, according to Bloomberg.

In June 2020, the liquidators sought $1.3 billion from the founders of 3AC, Suzu, and Kyle Davies.

The saga started unfolding in May 22 when the Terraform network

saw its algorithmic stable coin TerraUSD and its companion token, Luna, suffer a $40 billion

collapse despite assurances from co-founder Doquan. By July, 3AC filed for bankruptcy,

stating that Terra's collapse caused irrecoverable losses.

This case alleges that Terraform induced 3AC to purchase Luna and TerraUSD by manipulating the market for these tokens in a manner that artificially inflated the price for the assets before they were wiped out, the liquidators said in court papers.

And viral crypto game hamster combat criticized crypto venture funding as an exit liquidity activity in a Tuesday broadcast to

community members. The game stated it has turned down every offer. The game's admin said in its

official telegram group that, quote, too many Web3 projects have built audiences only to use them as exit liquidity

for their venture capital backers. This has unfortunately become the norm in the industry, end

quote. In recent months, crypto venture firms have been criticized by parts of the crypto industry

with a specific focus on investing in projects whose tokens eventually have a higher valuation

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