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Elon Musk's xAI Sues OpenAI Again, This Time Over Alleged Trade Secret Theft

Elon Musk’s xAI has filed a federal lawsuit against OpenAI, alleging a systematic campaign to steal proprietary technology through the poaching of former employees. The lawsuit claims that OpenAI induced ex-xAI engineers to misappropriate critical information, including the company’s entire source code and data center strategies. Key incidents

Erick Calderon - The Hybrid Collector: Where Digital Meets Physical

Erick Calderon - The Hybrid Collector: Where Digital Meets Physical

1. The Importance of Digital Ownership Eric emphasized that for the first time in history, people have the ability to prove ownership of digital assets, which is a significant shift. He stated, "We increasingly value our digital possessions," suggesting that the transition from physical to digital ownership is

Regulators Eye Stock Jumps Before Corporate Crypto Buys

Regulators, including the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), are examining unusual trading activity involving companies that announced digital asset treasury strategies. This scrutiny follows a review of over 200 firms, triggered by sharp price movements in their stocks ahead of such disclosures. Some

Ethereum co-founder shifts $6M of ETH, but whales bought $1.6B

Ethereum co-founder Jeffrey Wilcke transferred approximately 1,500 ETH, valued at about $6 million, to the cryptocurrency exchange Kraken amid a drop in Ether's price from $4,000 to around $3,900. Wilcke's ETH movements are speculative in nature; while it is unclear if he is

PIPE-Fuelled Crypto Treasuries Face 50% Downside: Report

Crypto treasury companies that engage in private investment in public equity (PIPE) deals may face significant downside risks, with potential drops of up to 50% in their share prices, according to CryptoQuant. These companies, which utilize PIPE deals to rapidly raise funds, often see their stock performance negatively impacted due

China Inaugurates Digital Yuan Operation Centre to Push CBDC Integration

China has taken a significant step in enhancing the global position of its digital currency with the inauguration of an international operation center for its central bank digital currency (CBDC), the digital yuan (e-CNY), in Shanghai. According to reports, Lu Lei, Deputy Governor of the People's Bank of

TeraWulf Plans $3B Debt Raise With Google Backstop Support

Bitcoin miner TeraWulf is planning to raise approximately $3 billion through Morgan Stanley, with support from Google, to develop data centers aimed at pivoting towards AI. According to finance chief Patrick Fleury, Google's backing includes an additional $1.4 billion commitment, raising the total to $3.2 billion.