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Elon Musk is leading a group of investors in a potential $97.4 billion purchase of the nonprofit that controls OpenAI, Wall Street Journal reports. Musk is looking to acquire control of the AI powerhouse from Sam Altman, adding heat to their rivalry surrounding OpenAI’s ChatGPT. Elon Musk’s attorney, Marc Toberoff, said he submitted the bid to OpenAI’s board of directors Monday. JUST IN: Elon Musk-led group offers $97.4 billion to buy the nonprofit controlling OpenAI, WSJ reports. — Watcher.Guru (@WatcherGuru) February 10, 2025 OpenAI CEO Sam Altman was previously looking to transform the company into a for-profit after returning to his post late last year. However, the unsolicited offer throws a wrench in those plans. Since the two co-founded OpenAI in 2015, Musk and Altman have gone back and forth over the company’s future. Musk has gone as far as to ban OpenAI and ChatGPT from devices within the headquarters of his companies. Additionally, the Tesla founder’s xAI p...

Amidst significant legal battles and sanctions, Tornado Cash, a well-known crypto-mixing service, has witnessed a notable rise in deposit volumes in the first half of 2024. According to data from blockchain analytics firm Flipside Crypto , Tornado Cash accumulated around $1.9 billion in deposits over the past six months, marking a 50% increase compared to the total deposits for the entirety of 2023.  This surge highlights the ongoing demand for privacy-centric financial tools within the cryptocurrency ecosystem. Picks for you Grayscale prepares for Bitcoin and Ethereum ETF spinoffs in July 5 mins ago How rich is South Dakota's senator: Mike Rounds' net worth revealed 2 hours ago ...

The cryptocurrency market has recently seen a downturn, with many altcoins on the verge of recovery. This sentiment is particularly beneficial for cryptocurrencies approaching significant market cap milestones.  In this context, Finbold has identified Polygon (MATIC) and Uniswap (UNI) as the crypto currencies with the potential to hit the $5 billion mark in July. Polygon (MATIC) Polygon (MATIC) has been a critical player in the Ethereum (ETH)  scaling solution space, providing a layer-2 solution that improves transaction speeds and reduces costs. Picks for you Bitcoin 'looking like a snack' as buy signal emerges; Is $60K next? 2 hours ago Top economist blasts' Bitcoin pumpers' for linking BTC slump to Mt. Gox ...

Traditional financial institutions are increasingly showing interest in venturing into the crypto sector amid growing client demand. In this line, banking giant Standard Chartered is particularly expanding its crypto involvement by planning to offer spot trading services for Bitcoin (BTC) and Ethereum (ETH), Bloomberg reported on June 21. This move will make Standard Chartered, which controls over 800 billion in assets, the first major global bank to establish a spot crypto trading desk. Bloomberg , citing individuals familiar with the matter, noted that the bank will incorporate trading into its FX unit, which will have operations based in London. Picks for you Massive sell-off: Ripple dumps the remaining 250 million XRP from June 48 mins ago ...

On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system of the XRP Ledger. On February 1 (Thursday), the company will unlock $500 million worth of tokens in three transactions of 100 million, 400 million, and 500 million XRP. Interestingly, February 2024’s unlock accounts for 1.84% of the current 54.37 billion circulating supply and 2.19% of the remaining 45.67 billion XRP tokens under Ripple’s control. The latter are still locked in escrows to be released monthly until June 2027. Three escrows will reach finality in the last minutes of January 31, held by two known crypto wallet addresses owned by Ripple. In particular, ‘Ripple (22)’ will unlock 500 million XRP, previously locked in December 2019. Ripple 22 assets – escrows. Source: XRP Scan Second, ‘Ripple (23)’ will unlock 100 million and 400 million tokens, locked in January 2020 and December 2019, respectively. These two addresses still hold 1 billion XRP tokens for monthly escrows that w...

Nexo says the investigations tarnished its reputation and hampered its growth. Bulgarian authorities dropped the Nexo case in December 2023, citing a lack of evidence. In one of today’s biggest Cryptocurrency News , Nexo, a leading crypto lender that is reportedly seeking $3 billion in damage s from Bulgaria. Specifically, as Reuters reported on Wednesday, Nexo AG, a Swiss arm of Nexo Capital, says last year’s aborted criminal investigation completely destroyed the company’s expansion plans, including a potential US listing. Nexo files for arbitration with ICSID Nexo, in a filing with the World Bank’s International Centre for Settlement of Investment Disputes (ICSID), says Bulgaria’s investigation tainted its reputation. It also wrecked shareholder value. As CoinJournal  highlighted in December 2023, the Bulgarian prosecutor’s office announced a termination of the criminal investigations against Nexo and four of ...

The total crypto currency market cap has seen over $20 billion capital inflow in the last 24 hours , three days after seeing over $31 billion market cap outflow on September 11, during a capitulation event that was already fully rebounded by the next day. According to data retrieved by Finbold on TradingView , the TOTAL-CRYPTOCAP index shows the 2% capital inflow from the $1.02 trillion market cap on September 13, at 16h UTC, to the local top of $1.04 trillion on September 14. At the moment of publication, the total crypto market cap is bullish at $1.036 trillion. Total Cryptocurrency Market Cap – CRYPTOCAP index. Source: TradingView Notably, this most recent inflow occurred three days after a massive capital outflow, from a $1.014 trillion market cap to $0.982 trillion in eight hours. For a $31.21 billion (-3%) drop. Analysts have pointed to capitulation signals, which could anticipate a longer-term price rebound. Best-performing crypto amid market cap inflow ...

Author: @0xMavWisdom Forbes posted an article on Monday (February 27th) accusing Binance of quietly transferring $1.8 billion in stablecoin collateral to hedge funds including Alameda and Cumberland/DRW last year, and in doing so condemning Binance’s misappropriation of user assets. For a six-month-old statistic, Forbes’ timing of the article is also subtle, as just two weeks prior, Binance was also embroiled in controversy over BUSD. The article on the misappropriation of user assets apparently caused enough of a public outcry that Binance responded the next day, saying, “The institutions mentioned in the Forbes article are spontaneous transfers by institutional users; Binance has never misappropriated user funds, whether they are assets of centralized exchanges or collateral for B-token “. So what is the truth, this article will combine the on- chain data and address labels to restore it for you. Statement: This article has no interest relationship with the relevant parties in the a...