Tesla is moving its Bitcoins and Coinbase intensifies its SEC legal battle.

This is CoinDest Daily. I'm your host Christine Lee.

Tesla, one of the biggest corporate owners of Bitcoin, transferred nearly all of its $760 million worth of Bitcoin to unknown wallets, raising the possibility

the carmaker is selling. Tesla is the fourth biggest holder of Bitcoin among publicly traded

U.S. companies, according to Bitcoin Treasury's data. This is the first time Tesla has moved

its Bitcoin in two years since selling 75% of its holdings in early 2022 at a loss.

Coinbase escalating its SEC fight for internal documents detailing how the regulator came to the view that cryptocurrencies are securities.

Coinbase hired History Associates, which was denied access to the documents by the SEC.

They are now preparing to ask a U.S. District Court to force the hand of the agency, which has since

suggested the reason for its initial denial may no longer be valid. Coinbase Chief Legal Officer

Paul Gre while arguing on X that the internal agency communications, quote, belong to all of us,

not the SEC. We then sued to end their stall, only to get an entirely new set of excuses.

The Trump family-backed World Liberty Financial Project has sold almost 4% of its 20 billion token

supply Wednesday, according to its sale website, which suffered numerous

outages shortly after going live the day prior. That's about $10 million, far from its

300 million target. Trump's former White House communications director, Anthony Scaramucci,

telling CoinS live, the token sale amounts to a, quote, money scam that aims to funnel money into

Trump's presidential campaign war chest. According to the project's gold paper, WLFI

serves as a governance token for the platform, enabling users to participate in defy activities

like borrowing, lending, and creating liquidity pools. That's it for Coinus Daily. Be sure to

check out more updates on CoinS.com.