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Crypto billionaire Justin Sun announced on X that he is purchasing $100 million worth of President Donald Trump's memecoin, $TRUMP, which will soon be tradeable on the TRON blockchain. This follows Sun's previous high-profile art world moves, including buying Maurizio Cattelan's duct-taped banana artwork "Comedian" at Sotheby's for $6.2 million and later eating it, as well as a legal dispute with collector David Geffen over a stolen Alberto Giacometti sculpture. Sun also attended a White House dinner for leading $TRUMP buyers in May, which spurred $148 million in coin purchases.

David A. Ross resigns from New York's School of Visual Arts over friendship with Jeffrey Epstein

David A. Ross, chair of the Master of Fine Arts in art practice department at New York's School of Visual Arts (SVA), resigned from his position following the release of documents revealing his long-standing friendly correspondence with convicted sex offender Jeffrey Epstein. The emails, dating from 2009 to 2016, show Ross praising Epstein's ideas for controversial exhibitions and offering him personal sympathy, even after Epstein's 2008 criminal conviction.

Venice Biennale Jury Resigns Amid Tension Over Awards Ban

The jury of the Venice Biennale, the world's most prominent art exhibition, has resigned collectively amid a dispute over a proposed ban on awarding artists from countries whose leaders are accused of crimes against humanity. The jury had declared it would not consider such artists for prizes, leading to internal tensions and ultimately their resignation.