Author: CryptoHoppers

TLDR: xAI claims OpenAI poached engineers with insider access to Grok training methods and Colossus cluster strategies. Lawsuit details theft of Grok source code, NVIDIA GPU deployment data, and data center scaling playbooks. OpenAI recruiter allegedly used encrypted Signal chats to offer multi-million dollar packages to xAI staff. xAI seeks injunction, destruction of stolen data, and full jury trial with punitive damages. The battle for AI dominance has escalated. Elon Musk’s xAI has taken OpenAI to federal court, accusing it of orchestrating a plan to steal trade secrets and lure away key employees.  The lawsuit points to Grok model data,…

Digital asset treasury bull Peter Smith, co-founder and CEO of Blockchain.com, sees the trend of publicly-listed companies adopting crypto treasury strategies continuing for some time, although he expects a wave of mergers and acquisitions.”More and more are going to come, until we run out of management teams or shells. Capitalism is awesome like that,” Smith told The Block. “At some point, though, we sort of run out of steam, and then it gets really interesting because then you’ll see a lot of consolidation … the really good management teams and sponsors will consolidate a lot of the space at a preferential…

TLDR: Mirae Asset manages $316B and now partners with Avalanche to bring fund tokenization research and pilot projects to life. The collaboration will explore tokenized funds in the U.S., Hong Kong, and other regulated global financial markets. Ava Labs’ blockchain will power on-chain settlement, portfolio tools, and institutional integration with partners worldwide. Mirae’s Global X brand and 16-region presence provide a massive network to test tokenized financial products. A major player in asset management is stepping into on-chain finance. Mirae Asset Global Investments has joined forces with Ava Labs, the developer of Avalanche, to bring traditional funds onto blockchain rails.…

Key Takeaways SoftBank and ARK are reportedly in discussions to participate in Tether’s upcoming $15-20 billion funding round, valuing Tether at around $500 billion. Tether is seeking new capital to expand beyond its core stablecoin business; USDT currently dominates the stablecoin market with over $170 billion in market cap. Share this article SoftBank, a Japanese investment conglomerate, and ARK Invest, a US-based investment firm focused on disruptive innovation, are in talks to participate in a major funding round for Tether, the issuer of the world’s largest stablecoin USDT, Bloomberg reported today.Tether is seeking $15-20 billion in new capital through a…

TLDR A US judge denied Justin Sun’s attempt to prevent Bloomberg from publishing his cryptocurrency holdings. The court ruled that Sun failed to prove Bloomberg had promised confidentiality regarding his assets. Sun’s own public disclosures of his Bitcoin holdings weakened his argument about security risks. The decision marks a setback for Justin Sun in his ongoing legal battles involving his crypto assets. The case adds to Sun’s legal challenges, including the ongoing SEC lawsuit over unregistered securities. A US judge has denied Justin Sun’s attempt to prevent Bloomberg from publishing details about his cryptocurrency holdings. On Monday, Judge Colm Connolly…

Tom Lee, Fundstrat co-founder and recent BitMine Immersion Technologies Chairman, has crowned Ethereum (ETH) as a “truly neutral chain” set to become Wall Street’s blockchain of choice.With rising adoption, stablecoin growth, and real-world asset tokenization, Lee believes ETH could soar to $10,000–$12,000 by the end of 2025.Ethereum: The Wall Street Top ChoiceSpeaking at the Korea Blockchain Week 2025, Lee said Ethereum’s neutrality makes it stand out from other networks as it doesn’t tilt in favor of anyone. According to him, this neutrality is exactly what big financial institutions want.Institutional interest in Ethereum is accelerating rapidly. According to an Ernst &…

Key Takeaways DDC Enterprise acquired 50 more Bitcoin, raising its total to 1,058 BTC. The company’s position is 45th on the Bitcoin 100 Ranking. Share this article DDC Enterprise, a US-based public company, acquired 50 more Bitcoin today, bringing its total holdings to 1,058 BTC and strengthening its position to 45th on the Bitcoin 100 Ranking.The company has rapidly expanded its Bitcoin treasury since May 2025, achieving a 1,798% yield on its strategy by early September. DDC Enterprise aims to reach 10,000 BTC by the end of 2025 as part of its treasury accumulation plan.Corporate Bitcoin adoption has accelerated in…

TLDR: Over 400 Australian crypto exchanges may need financial licences, forcing many smaller players out of the market. New laws will bring exchanges under ASIC oversight, with penalties for misleading conduct and unfair contracts. Platforms under $10M yearly volume and $5K per customer balances are exempt from the new compliance regime. BTC Markets and Independent Reserve back the rules, saying they will boost trust and clean up the sector. Australia is moving to tighten control of its crypto sector, with new rules set to reshape how exchanges operate. The government revealed a draft law that will force most crypto platforms…

Something new is bubbling up where artificial intelligence and blockchain collide – AI computing tokens. Forget thinking of them as just another cryptocurrency to trade. These digital assets are the actual fuel for a new kind of decentralized AI. A close look at frontrunners like Bittensor (TAO), Render (RNDR), and Akash Network (AKT) shows a tectonic shift in how we buy and sell computing power, putting them in a class of their own. Far from traditional AI stocks or other crypto assets. At their heart, these tokens are the local currency for online platforms that let anyone rent out their…

Key Takeaways Bitcoin fell below the 0.95 Cost Basis Quantile, a level linked to profit-taking activity. Remaining below this threshold may increase downside risk for Bitcoin, with key support between $105,000 and $90,000. Share this article Bitcoin fell below the 0.95 Cost Basis Quantile today, entering a zone typically associated with profit-taking activity, according to data from blockchain analytics firm Glassnode.A failure to reclaim this threshold could see Bitcoin test lower support levels between $105,000 and $90,000. However, successfully moving back above the 0.95 Cost Basis Quantile would indicate renewed market strength.The Cost Basis Quantile serves as a key metric…