According to Fox News, a Navy veteran’s $500 million defamation lawsuit against the Associated Press has advanced to its first hearing as of May 31, 2025. Legal battles involving major media outlets often trigger heightened uncertainty in broader financial markets, including cryptocurrencies, as traders monitor potential impacts on regulatory sentiment and public trust. The scale of the lawsuit may influence risk appetite and volatility in digital assets, with traders watching closely for precedent-setting outcomes and shifts in news reliability that could affect market confidence (Source: Fox News).