According to Jared Birchall's testimony on day 4 of Musk's OpenAI lawsuit, xAI's $974 billion bid for OpenAI's nonprofit assets aimed to prevent Sam Altman from undervaluing the assets during OpenAI's restructuring. However, Judge Yvonne Gonzalez Rogers questioned how Birchall could present a $974 b

Gate News message, April 28 — U.S. spot bitcoin exchange-traded funds recorded $263.2 million in net outflows on April 27, ending a nine-day inflow streak just as the market awaits this week's Federal Open Market Committee meeting. Bitcoin fell back below $77,000, trading around $76,555 ahead of the

Abstract: Market ends with gains for China's three major indices; tech sectors led gains (computing power, rental, semiconductors) while film/TV stocks declined; volume exceeded 2.5 trillion yuan. Summary: China’s major indices finished higher, SSE up 0.52%, SZSE 1.3%, ChiNext 1.73% to an 11-year high, with turnover over 2.5 trillion yuan, led by computing power and related tech stocks; film/TV names retreated.

Tether's market cap has increased by $40 million, reaching $187 billion, and recent stablecoin circulation has added $3 billion. This reflects improved liquidity conditions, potentially signaling a price rally for Bitcoin if the trend continues.

Polymarket is seeking to raise $400 million at a $15 billion valuation, adding to a $600 million investment from Intercontinental Exchange. This funding aims to enhance infrastructure and liquidity for its event-based trading platform, amid ongoing debates over its valuation and market potential.

Oil prices rose sharply by over 7% amid escalating US-Iran tensions, causing a drop in US equity futures and a stronger US dollar against major currencies. Risk-sensitive assets faced significant losses.

XRP exchange-traded funds (ETFs) have exceeded $1.08 billion in net assets, driven by significant institutional demand and daily inflows. Bitwise holds the largest share with $313.69 million, indicating strong market interest in XRP investments.

Zonda CEO Przemysław Kral has attributed the exchange's loss of access to 4,500 BTC, valued at $336 million, to missing founder Sylwester Suszek's failure to transfer private keys. Amid allegations of bankruptcy and intensified withdrawal requests, Kral insists Zonda remains solvent and will pursue legal action while searching for Suszek, who disappeared in 2022.

XRP exchange traded funds saw inflows of $11.87 million, increasing total assets to $1.08 billion, reflecting sustained institutional interest and confidence in XRP's role in cross-border payments amidst growing demand for crypto ETFs.

Kenya's Communications Authority assures that internet services will remain operational during youth-led protests against the controversial Finance Bill. Despite this, police clashes with demonstrators have caused significant disruptions. Activists are rallying against a proposed digital tax viewed as burdensome.