Elon Musk sued for $258 bn over dogecoin support

14 Sept 00:15 Key points summarised by AI

Investor Keith Johnson has filed a $258 billion lawsuit against Elon Musk, Tesla, and SpaceX, alleging that Dogecoin is a "Crypto Pyramid Scheme."
Johnson claims Musk's extensive promotion of Dogecoin artificially inflated its value, leading to an estimated $86 billion in investor losses since 2019.
The lawsuit seeks reimbursement for these losses plus an additional $172 billion in damages, aiming for class-action status on behalf of all affected Dogecoin investors.
Johnson argues Dogecoin lacks intrinsic value, tangible backing, and has an unlimited supply, likening it to a pyramid scheme, with Musk's companies implicated for accepting or referencing the cryptocurrency.

Macron condemns those who 'sought to bring down the Republic' after rioting mars nationwide protests

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.