Author: NBTC

OpenAI has overtaken SpaceX to become the world’s most valuable private company after a $6.6 billion employee share sale at a $500 billion valuation—the milestone underscoring the investor frenzy fueling the artificial-intelligence boom. According to a Bloomberg report, the secondary sale lets current and former staff who had held shares for at least two years sell stock to a handful of companies, including Thrive Capital, SoftBank Group, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price. The deal marks OpenAI’s second major tender offer in under a year, following a $1.5 billion SoftBank transaction last November. In January, the…

SWIFT — the Society for Worldwide Interbank Financial Telecommunication — will be building its recently announced blockchain payment settlement platform on Ethereum layer 2 Linea, Consensys CEO Joe Lubin has confirmed. On Monday, SWIFT revealed that it had tapped Consensys and over 30 TradFi institutions to build infrastructure for a 24/7 real-time crypto payments system — but didn’t confirm which chain it would build on despite widespread speculation that it would be Linea. However, Lubin confirmed Linea’s selection in a fireside chat with Cointelegraph’s Gareth Jenkinson at the Token2049 conference in Singapore on Thursday. Lubin said that during SWIFT’s announcement…

With the crypto economy vaulting past the $4 trillion milestone, the total value locked (TVL) in decentralized finance (DeFi) is stacking higher by the day. TVL needs just a 7.04% lift to outshine the all-time peak set back in November 2021. DeFi Titans Push Toward 2021 Record In the last 24 hours, defillama.com stats show that DeFi added $3.677 billion to its TVL, edging closer to the $178.841 billion record set on Nov. 9, 2021. The value locked still needs another $11.754 billion boost to topple the record. This milestone chase comes as the broader crypto economy sits at $4.21…

A new report on VC fundraising in the crypto space provides interesting conclusions. The sector is undergoing deep consolidation, with fewer projects receiving substantially more capital. Sectors like DeFi, AI, and blockchains are getting a lot of interest, whereas RWAs, DePIN, NFTs, and GameFi are falling by the wayside. Aligning with major players’ preferences may be the only way to receive fresh inflows. Crypto VC Fundraising Analyzed A few months ago, VC fundraising in the crypto space was in full swing, with institutional investment powering $10 billion in inflows in Q2 alone. Since then, however, this sector has apparently cooled…

Qitmeer Network, an open blockchain for Shariah-compliant financial inclusion, has partnered with StarSphere, a popular AI creator economy platform. The partnership aims to redefine the creator economy at the intersection of Web3 and artificial intelligence (AI). As Qitmeer Network’s official social media announcement reveals, the collaboration highlights the rising significance of merging AI-led platforms with blockchain innovation. Hence, the initiative is poised to accelerate content creation, community-led growth, and monetization in the wider digital economy. Partnership Announcement! 📣We are happy to be partnered with @The_StarSphere 🤝📖 StarAI is a top AI + Web3 content platform supporting over 8 million creators.…

In a high-bet DeFi maneuver, Unipcs (aka ‘Bonk Guy’) has shifted a considerable amount of $ASTER tokens to Euler Finance. Specifically, Unipcs has transferred up to $3.6M in $ASTER to Euler Finances. As per the data from Lookonchain, a prominent on-chain analytics provider, the shift of $ASTER tokens led to the subsequent borrowing of nearly 1.52M $USDT. Following that, the Unipcs has deployed almost 1.28M $USDT to buy 7.47M $4 tokens. Unipcs(@theunipcs) deposited 1.74M $ASTER($3.6M) to Euler Finance and borrowed 1.52M $USDT today.Then Unipcs spent 1.28M $USDT to buy 7.47M $4 at $0.172 over the past 8 hours. https://t.co/rlB8UJGUNp pic.twitter.com/wKQMtIqzQ9…

OpenLedger, a blockchain and AI infrastructure platform, has announced a new project, Datanet. OpenLedger Datanet serves as a unique decentralized data ecosystem to address data fragmentation in AI to build trust. As the platform disclosed in its official social X announcement, the initiative endeavors to redefine data contributions into attributable, transparent, and structured networks to improve verifiable provenance and model training. Thus, the development enhances trust and sets an exclusive standard for specialized and explainable AI. Introducing OpenLedger Datanet:Data across domains is often fragmented, unreliable, and lacks clear attribution , making it difficult to use as a trusted foundation for…

Welcome to Slate Sunday, CryptoSlate’s weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Ask 1inch co-founder Sergej Kunz about where DeFi is headed, and you’ll get more than just your standard answer about financial inclusion or a hedge against fiat collapse. Kunz isn’t one to mince his words, and he dives into the future of the sector like a hunter tracking his prey; focused, relentless, and entirely undaunted. For Kunz, DeFi’s future is seamless and, ultimately, peer-to-peer, delivering a UX so smooth…

J.P. Morgan Wealth Management’s head of investment strategy thinks the stock market has more room to grow. Elyse Ausenbaugh says in a new interview with CNBC that AI investment is a powerful tailwind. The investment strategist predicts the Federal Reserve’s easing and corporate profits will both play a role in equity prices going forward. “We can’t discount the value of the Fed rate-cutting cycle. We’ve been implementing our so-called Fed rate-cutting playbook, and we expect that to play out, absent a recession, going forward. When you look at things like corporate profit margins still around the highest levels that they’ve…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. It’s safe to say the rush to tokenize trillions of dollars in real-world assets is on. BlackRock, the world’s largest asset manager, pushes further into tokenized funds after its BUIDL fund surpassed $2 billion. Nasdaq has filed with the SEC to begin trading tokenized securities. Meanwhile, companies like Stripe and Robinhood are building their own blockchain solutions. Summary The debate is no longer if capital markets move on-chain, but how — and flawed infrastructure could derail tokenization’s…