AI Powerhouse Openai Reportedly Seeking to Raise $6.5 Billion at a $150 Billion Valuation

Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would be used to support the need for computing power and other expenses, as stated in a memo sent to employees last month. … Read more

CFTC Teams up With SEC to Fight Cryptocurrency Scams

The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers recognize and avoid these “pig butchering” scams, which defraud victims by building false trust and promoting fake cryptocurrency … Read more

Hamster Kombat Scores Binance Listing, Updates HMSTR Supply Before Airdrop

Hamster Kombat, one of the world’s most successful Web3 games, has announced that Binance will list its HMSTR token and will include the project as the 58th initiative part of its Launchpool structure. Hamster Kombat’s team also stated that HMSTR would have a total supply of 100 billion tokens instead of the already announced 10 … Read more

Saudi Minister Hints at 86 Million Tonnes of Petroyuan Adoption, States Country Is ‘Open to New Ideas’

Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, stated that while the petroyuan – the use of the Chinese currency to settle oil shipments – was not “substantial to the ministry,” the country was open to new ideas, trying not to mix politics and commerce. This hints at the yuan’s adoption for this purpose. … Read more

Microstrategy Buys 18,300 More Bitcoins, Boosting Total Holdings to 244,800 BTC

Microstrategy has acquired 18,300 additional bitcoins for $1.11 billion, funded through stock sales. As of Sept. 12, the company holds 244,800 BTC, purchased at a total cost of $9.45 billion. Executive chairman Michael Saylor announced a BTC yield of 17.0% year-to-date. This acquisition was made through a prior sales agreement enabling stock sales to fund … Read more

17 Million Users Claimed Dogs Airdrop on TON Reaching ‘Unheard of’ Levels of Web3 Engagement

The TON team highlighted the magnitude of the recently concluded dogs token generation event and its subsequent airdrop, which disrupted its network several times. On social media, the TON team stated that unique active users rose to 1.1 million, reaching 14.4 million transactions in one day. In addition, dogs made history as the token with … Read more

Whale Sells $1 Million Worth Of SUN, Triggering 3% Price Drop

A large whale address, which previously offloaded significant amounts of SUN, has sold another $1 million worth of the token within the past two hours. This latest sale caused the price of SUN to drop by nearly 3%, bringing it down to $0.02461. This address, responsible for previous major sales, continues to influence the market, … Read more

Solana Whale Accumulates $23 Million In SOL Amid Rising Concerns Over Inflation

A Solana whale has accumulated over 170,000 SOL, worth approximately $23 million, in the past 24 hours, signaling strong investor interest despite concerns about SOL’s inflationary effects. 🚨BREAKING: SOLANA WHALE ACCUMULATES OVER 170,000 SOL WORTH $23 MILLION IN LAST 24 HOURS🚨 pic.twitter.com/RtJvqRLlcR — SolanaNews.sol (@solananew) September 11, 2024 Meanwhile, Pump.fun, a well-known fee account, sold … Read more