OpenAI plans to almost double its workforce to about 8,000 employees by year’s end as it ramps up its enterprise strategy and catches up with rivals, the Financial Times reported Saturday. Hiring will span engineering, research, product, sales, and customer-focused deployment roles designed to increase business adoption of its tools. The expansion comes as Sam…
Bitcoin is still in recovery mode, but the pace has cooled as the price runs into a heavier resistance cluster in the low-to-mid $70,000s. The market has already bounced meaningfully from the February washout near $60,000, yet the latest price action shows that buyers are now being forced to prove they can do more than…
The crypto market saw several important developments today, including a warning from Hong Kong authorities about cryptocurrency scams, a new filing from Grayscale for a crypto-based ETF, and progress on the CLARITY Act in the U.S. Here’s a quick overview of the major events. Summary Hong Kong senior lost HK$6.6M in three crypto scams involving…
What would Morgan Stanley’s involvement in Bitcoin mean for the market? Well, some are saying it’s a massive bet. International investment bank Morgan Stanley has taken yet another step toward launching its very own spot Bitcoin exchange-traded fund (ETF). The institution filed a second amendment for the proposed product, signaling its growing commitment to…
Ripple has issued a warning regarding the rise of scam accounts impersonating the company on Telegram. The company clarified that it does not have an official Telegram channel, urging users to stay vigilant against potential fraud. Summary Ripple confirms it has no official Telegram channel for support. Scammers use Ripple branding and CEO photos to…
Two things that markets absolutely hate showed up at the same time this week: sticky inflation and military conflict near the world’s most important oil chokepoint. The result has been predictably ugly across every asset class, with crypto’s Fear and Greed Index plunging to 11 — deep into “Extreme Fear” territory — while the S&P…
Grayscale has filed a form with the SEC to approve the launch of their HYPE ETF. Grayscale has filed a Form S-1 registration statement with the United States Securities and Exchange Commission to launch the Grayscale HYPE ETF. The product will track the price of HYPE (net of fees) and may also incorporate staking…
The Hong Kong Police Cyber Crime Bureau has issued a warning after a 66-year-old retired man fell victim to three separate cryptocurrency scams. Summary A Hong Kong senior loses HK$6.6M in three separate cryptocurrency scams. Police warn against transferring money or crypto to strangers to avoid fraud. Fraudsters impersonating experts tricked the victim into losing…
SoftBank is planning to build a massive AI data center complex in Ohio capable of drawing up to 10 gigawatts of power, according to a Bloomberg report. The facility would be developed on federally owned land at a former uranium enrichment site, with the first phase expected to deliver about 800 megawatts of capacity by…
Is XRP headed for a major move toward $2? It might be, but here’s what needs to happen first XRP’s price has failed to capitalize on a major move higher this week and has retreated to about $1.44, roughly in line with how the rest of the market has behaved during the same period….
