Category: crypto

Elon Musk’s consortium bid $97.4 billion to acquire OpenAI, aiming to revert the organization back to its non-profit roots. OpenAI CEO Sam Altman rejected the proposal, suggesting a counteroffer to buy Twitter. Musk’s bid, including his AI startup xAI, may complicate OpenAI’s fundraising efforts and alter its structure and strategy.

Four.Meme, a memecoin launchpad, suspended its Liquidity Provider on PancakeSwap due to a malicious exploit. The team confirmed the attack and assured users steps were being taken to resolve the issue. Despite the incident, Four.Meme’s internal funds are secure. The attack resulted in approximately $200,000 in losses.

Grayscale has applied to the SEC to list a Cardano ETF on the NYSE, marking the first US-listed ETF tied to ADA. ADA’s price surged by over 15% to $0.80 following the news. Grayscale’s move reflects a broader push to integrate ADA into mainstream investment products, despite regulatory uncertainty.

North Carolina lawmakers introduced House Bill 92, allowing the state treasurer to invest up to 10% in Bitcoin and other qualifying digital assets with a market cap of over $750 billion. North Carolina is the 20th US state to introduce Bitcoin reserve legislation, with Montana and Florida also proposing similar bills. Other states like Kentucky,…

Pump.fun co-founder Alon Cohen denied reports of the platform issuing its own token, refuting claims by Colin Wu. Despite Wu’s insistence and evidence, Cohen emphasized Pump.fun’s focus on platform improvement and fair rewards. Legal challenges include a class-action lawsuit alleging unregistered securities sales and demands to remove tokens misusing intellectual property. Industry opinions on a…

Bloomberg ETF analysts predict approval odds for spot altcoin exchange-traded funds (ETFs) in 2025, with XRP having the lowest probability. Litecoin leads with a 90% chance, followed by Dogecoin at 75% and Solana at 70%. SEC recently acknowledged Litecoin ETF forms, boosting approval odds. Changes in SEC classification could impact XRP and SOL ETF approval.

Leading blockchain research platforms have released reports highlighting TRON’s advancements in blockchain activity, ecosystem expansion, and innovation. TRON is growing in decentralized finance and stablecoin adoption, with a focus on scalability and user engagement. Reports emphasize TRON’s transaction growth, cost-efficiency, and active network participation, solidifying its position in the blockchain ecosystem.

Bitcoin Core developer Luke Dashjr raised concerns about Bitcoin transaction finality, stating that the six-block confirmation rule no longer holds. Due to centralization of mining pools, it now takes over a week for transactions to finalize, casting doubt on Bitcoin’s resistance to censorship. Industry experts warn of potential censorship and 51% attacks due to dominance…

Aave’s founder criticizes Solana’s Kamino in a debate with Solana Foundation’s president. Aave is available on 13 blockchains with a TVL of nearly $19.6 billion. Solana’s Kamino, the third-largest app on the network, has a TVL of over $2.3 billion. Revenue comparison shows Kamino earns less due to higher fees.

SkyBridge Capital founder Anthony Scaramucci believes Bitcoin’s current price near $97,000 should have been reached two years ago. He attributes the delayed rally to the sluggish approval of a spot Bitcoin ETF. Scaramucci sees rising institutional adoption and nation-level interest driving Bitcoin’s future trajectory, suggesting a US strategic Bitcoin reserve is possible. Regulatory improvements under…