A judge denied Musk’s request to halt OpenAI’s business transition but granted a fast-tracked trial for next year, keeping the lawsuit’s claims against the company in play. Table of Contents Musk fires again Legal dispute highlights broader questions OpenAI bets big on premium AI agents Musk fires again Elon Musk ’s legal battle against OpenAI has entered a new phase after a U.S. judge denied his request for an immediate injunction to halt the company’s transition into a for-profit entity. While the ruling allows OpenAI to continue operating under its current structure, the case is far from over, with the court granting a fast-tracked trial set for the fall of 2025. Musk’s lawsuit, filed earlier this year, accuses OpenAI of abandoning its original mission to develop artificial intelligence for public benefit in favor of private investors. OpenAI and its CEO, Sam Altman, have rejected Musk’s allegations, arguing instead that transitioning to a for-profit model is necessary to raise the substantial capital required to compete effectively in the costly AI industry. The company also insists Musk’s lawsuit is driven primarily by competitive motivations rather than genuine ethical concerns. U.S. District Judge Yvonne Gonzalez Rogers ruled that Musk’s evidence — primarily internal emails — failed to meet the legal threshold for an injunction. However, she acknowledged that the case raises important legal questions regarding OpenAI’s transition. “Given the public interest at stake and potential for harm if a conversion contrary to law occurred, the court is prepared to expedite trial to the fall of 2025 solely on that claim and potentially the interrelated contract-based claims,” she wrote. The ruling comes amid high-stakes financial maneuvering. Recently, Altman outright rejected a $97.4 billion takeover bid from Musk and his associates, responding with a blunt “no thank you.” no thank you but we will buy twitter for $9.74 billion if you want — Sam Altman (@sama) February 10, 2025 Meanwhile, reports indicate that SoftBank is in talks to lead a $40 billion investment round that could push OpenAI’s post-money valuation to $300 billion — dwarfing the $75 billion valuation that Musk’s rival AI startup, xAI, is reportedly seeking. Despite the setback, Musk’s legal team remains optimistic. “We look forward to a jury confirming that Altman accepted Musk’s charitable contributions knowing full well they had to be used for the public’s benefit rather than his own enrichment,” said Marc Toberoff, Musk’s attorney. Legal dispute highlights broader questions Musk’s lawsuit raises deeper questions about who controls artificial intelligence and whether companies that start as nonprofits can legally shift to for-profit models. Musk claims that OpenAI’s transition from a nonprofit to a “capped-profit” model — and now to a structure with no profit limitations — constitutes a violation of its original mission. When OpenAI launched in 2015, Musk was one of its largest donors, contributing millions of dollars to support its nonprofit vision. The goal was to develop AI for the public good, avoiding the kind of profit-driven motives that could lead to reckless commercialization. However, in 2018, Musk left OpenAI after the board rejected his proposal to fold the company’s for-profit division into Tesla. Since then, OpenAI has increasingly relied on external investors, including a reported $13 billion from Microsoft, cementing its shift into the private sector. OpenAI has framed the lawsuit as an attempt to stifle competition, noting that Musk only began criticizing its structure after launching his own AI startup, xAI. The company has also pointed to Musk’s past emails, which show he once explored merging OpenAI’s for-profit arm into Tesla. “That would have been great for his personal benefit, but not for our mission or U.S. interests,” OpenAI told Business Insider. Beyond the lawsuit, the case reflects the increasing costs of AI development. Training advanced models like GPT-4 costs hundreds of billions of dollars, making nonprofit funding models difficult to sustain. OpenAI bets big on premium AI agents Amid its legal battle with Musk, OpenAI continues its for-profit expansion, developing AI agents for software development, research, and professional services, with pricing ranging from $2,000 to $20,000 per month. According to The Information, OpenAI’s upcoming AI agents will be tailored to different market segments based on complexity and capability. The first tier targets “high-income knowledge workers,” offering advanced analytical tools at $2,000 per month. A more advanced version, designed for software developers, provides automated coding support and debugging assistance at a monthly cost of $10,000. At the highest tier, OpenAI is reportedly working on an AI agent capable of conducting “PhD-level research,” with an industry-leading price tag of $20,000 per month. While the exact launch timeline remains uncertain, OpenAI’s investor SoftBank has reportedly committed $3 billion to the AI agent initiative this year alone, underscoring confidence in its profitability. Beyond AI agents, OpenAI has also introduced Deep Research, an AI tool designed to synthesize vast amounts of information into research-level reports. Meanwhile, the company has rolled out GPT-4.5 to ChatGPT Pro subscribers, describing it as its most advanced language model yet. Today we’re releasing a research preview of GPT-4.5—our largest and best model for chat yet. Rolling out now to all ChatGPT Pro users, followed by Plus and Team users next week, then Enterprise and Edu users the following week. pic.twitter.com/br5win5OEB — OpenAI (@OpenAI) February 27, 2025 GPT-4.5 boasts improved pattern recognition, enhanced emotional intelligence, and fewer hallucinations—instances of incorrect information. However, its increased size has made it more expensive to operate, with OpenAI adjusting API pricing to $75 per million input tokens and $150 per million output tokens. Despite these advancements, GPT-4.5 has not outperformed all rivals. AI benchmarks indicate that models from companies like DeepSeek and Anthropic have surpassed OpenAI’s latest release in certain reasoning tasks.
Trump's administration is driving tensions in global trade dynamics. Bitcoin rebounds as international trade discussions unfold. Continue Reading: Trump’s Trade Policies Ignite Global Tensions as Cryptocurrencies React The post Trump’s Trade Policies Ignite Global Tensions as Cryptocurrencies React appeared first on COINTURK NEWS .
Bitcoin ( BTC ) has been experiencing high volatility in recent trading as investors have proved exceptionally reactive to rumors and news. So far, the cryptocurrency market has gone from shedding tens, even hundreds of billions of dollars in value to adding similar amounts on almost a daily basis as the Trump administration brings instability with its trade war or hope with its promises of a strategic BTC reserve. Howard Lutnick, the billionaire Secretary of Commerce, may have revealed the next major catalyst for Bitcoin – due as soon as March 7. Why Bitcoin is set for a strong rally This Friday, the White House is set to host a digital assets conference – an event likely to be a market catalyst in its own right – and Lutnick hinted that it will feature a major announcement regarding the creation of a strategic cryptocurrency reserve. Despite appearing exceptionally bullish at face value, the situation may constitute a ‘buy the rumor, sell the news’ event. The hope that the reserve order would finally come has triggered a BTC rally, leading to its press time price of $91,268. The strength of this upsurge, however, hasn’t been entirely decisive, and investors have shown their lack of certainty with the initial rise petering out just above $92,000, a correction toward $88,000, and, finally, another soaring to the aforementioned value. BTC one-week price chart. Source: Finbold Another indication that the chances for a breakthrough are low came in late February when Senator Cynthia Lummis – a well-known proponent of Bitcoin – opined that the federal government is unlikely to begin stockpiling cryptocurrency for a long time and that the first developments would probably come from individual states. Will Bitcoin soar or crash this weekend? Still, BTC’s recent fluctuations indicate that the coin is likely to see its value explode should there be any announcements on Friday before entering a period of extraordinary volatility. The subsequent direction will likely depend on the specifics of the announcements and any additional moves made by the government regarding the economy. Indeed, whatever the actualities prove, it is almost guaranteed that the coming days – and the weekend with its lower volume – will provide both buying and selling opportunities for those willing to be described as ‘losers’ by Robert Kiyosaki . Is going long on BTC still the best bet? Holding long-term, on the other hand, might be the winning strategy no matter the prevailing turbulence. History shows that Bitcoin is not likely to have plateaued in the current cycle. Considering the latest halving took place in April 2024, the top is expected later in 2025, meaning that a new high should come within a few months. This is reinforced by BTC’s resilience to stay relatively decisively above $80,000 and, more recently, above $82,000 despite the tumult. On the other hand, the coin’s failure to sustainably breach $92,000, even when supported by significant upward momentum, does leave room for caution. Featured image via Shutterstock The post Why you should buy Bitcoin right now (but sell on the weekend) appeared first on Finbold .
This increases BlackRock's total Bitcoin holdings to 572,658 BTC
Bitcoin Magazine Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy Brazilian fintech company Méliuz announced Thursday it had allocated 10% of its cash reserves into bitcoin, becoming the first publicly traded firm in the country to adopt a bitcoin treasury strategy. Méliuz invested $4.1 million to acquire 45.72 bitcoins at an average price of $90,926 per coin. The purchase represents roughly 10% of the company’s total cash holdings based on a new policy approved by its board of directors. In a statement, Méliuz said the bitcoin allocation seeks “long-term returns” on the investment as part of its treasury management. The company also created a Bitcoin Strategic Committee to study expanding its strategy and making bitcoin a primary treasury asset. Méliuz Chairman Israel Salmen told local media the move into bitcoin provides an “intelligent alternative” to holding cash reserves. “We see bitcoin as a long-term store of value,” he remarked. JUST IN: Brazilian listed company Méliuz buys 45.7 #Bitcoin for $4.1 million Bitcoin is good for corporations pic.twitter.com/rCGiGYXdlR — Bitcoin Magazine (@BitcoinMagazine) March 6, 2025 The $4.1 million bitcoin acquisition makes Méliuz the first publicly listed Brazilian company to hold bitcoin on its balance sheet. The strategy mirrors those adopted by U.S. firms like MicroStrategy, which holds over 500,000 bitcoins worth over $46 billion. Méliuz offers cashback and financial services to over 30 million users in Brazil. But its stock price has plunged from highs near $6 billion in 2021 down to just $270 million currently. Salmen said the negligible trading volume makes Méliuz shares appear “irrelevant” in public markets. He hopes the pioneering bitcoin move renews investor interest. Brazil’s bitcoin and crypto sector has expanded rapidly with over $200 billion traded last year. Méliuz is betting its bitcoin treasury allocation will deliver higher long-term returns than Brazil’s benchmark interest rate of 13.75%. This post Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin .
Solana price may be poised for a parabolic rally after Wall Street giant VanEck hailed a new proposal to reduce the annual SOL inflation rate to 1.5%. This proposal will commence voting on March 6, 2025, and if implemented, it could reduce Solana’s supply significantly and drive price growth. As the Solana community votes on the proposal, will it ignite a parabolic rally for SOL to a new ATH? VanEck Says New Inflation Proposal Will Boost Solana Price Value Solana price has been under bearish pressure due to FTX unlocks . However, VanEck believes that a new proposal could shift the market sentiment, In its recent monthly report, VanEck hailed the SIMD 0228 proposal whose vote is scheduled today. It noted that the proposal was the “most impactful” to Solana price as it would reduce the annual inflation rate from 4.7% to 1.5%. Per the asset manager, “We believe lowering inflation is a worthy goal that strengthens Solana’s long-term sustainability. Maintaining a predictable and low inflation rate can support SOL’s value by reducing dilution and sell pressure.” The head of digital assets research at VanEck, Matthew Sigel, had also supported the proposal, saying it could stabilize and strengthen Solana’s position in the crypto industry. VanEck Head of Digital Assets Research Despite the optimism, the upcoming upgrade has also received opposition. According to one member of the Solana community, this proposal would reduce the amount of Solana being staked and compromise network security . Solana Technical Analysis – Is a New ATH in Sight? If the Solana SIMD 0228 proposal passes the community vote, it could stir a parabolic rally for Solana price. At press time, SOL trades at $146 after a 3.3% rise in 24 hours. According to analyst Crypto Rand, Solana price was forming a bull reversal on its daily chart. The altcoin was attempting to break from a descending trendline to confirm this reversal. Looking at past trends, a decisive breakout from this trendline has often preceded a parabolic price rally. This could set the stage for a surge to an all-time high. SOL/USDT: 3-day Chart Another analyst CryptoCurb has an even more bullish Solana price prediction. In his analysis, he noted that Solana had entered had entered a demand zone where buying pressure has previously been strong. If Solana were to bounce from this zone, it could make a massive rally towards $1,000. SOL/USD: 2-Week Chart Solana price is struggling to bounce past $150. However, the proposal to reduce inflation could bode well for SOL in the long term. If the proposal passes, it could also spike short-term volatility as traders anticipate the effects that it will have on the price. The post Will Solana Price Skyrocket As VanEck Backs Proposal to Slash Inflation? appeared first on CoinGape .
El Salvador’s ongoing Bitcoin integration is stirring controversy as President Nayib Bukele defies IMF mandates while bolstering national reserves. Despite a binding agreement with the International Monetary Fund (IMF) to
The post Cardano Forecast: 80% Further Gains For ADA & Why Is Panshibi (SHIBI) So Attractive To Cardano Holders? appeared first on Coinpedia Fintech News After a massive 80% jump, Cardano’s price is now trading near $0.964 , with many questioning whether the coin can sustain its momentum. While some foresee further upside thanks to a U.S. “crypto reserve” led by President Donald Trump, others warn that Cardano may be vulnerable to setbacks if Congress or whale activity undermines the rally. Amid this intrigue, a new meme contender Panshibi (SHIBI) emerges at $0.005, raising more than $1.22 million and capturing attention from meme enthusiasts seeking alternative gains. Below, we examine these developments and how traders can weigh their options. Cardano Price Prediction: Can an 80% Rally Hold? The Cardano price soared above $1, only to settle back to the mid-$ 0.90s. Some blame overbought conditions and profit-taking by major players. Although Cardano’s run made headlines, skeptics highlight multiple reasons not to buy ADA just yet. First is that Trump’s plan for a strategic crypto reserve still hinges on Congressional approval. If lawmakers block it, any price pump tied to government backing could unravel quickly, leaving Cardano holders vulnerable to a selloff. Secondly, Data shows whales sold 110 million ADA during the surge, implying big-money traders lack long-term confidence at these elevated prices. Their selling may restrict Cardano’s ability to hold above $1 if broader sentiment weakens. Lastly, an overbought RSI near 67 and waning MACD histogram bars suggest buyer enthusiasm could be fading. If the coin loses support at $0.97, chart watchers warn of potential dips to $0.81 or even $0.65. Cardano’s success rests on bridging these concerns and navigating the political, institutional, and whale-driven hurdles that might derail its recent rally. Those who believe the coin’s fundamentals and the upcoming White House Crypto Summit could trigger more upside must also accept the volatility that shapes short-term price action. Panshibi (SHIBI): A Comedic Alternative While Cardano price updates dominate serious altcoin discussions, Panshibi (SHIBI) appeals to a different crowd with comedic branding and structured tokenomics. Priced at $0.005, Panshibi secures liquidity for 10 years and locks team tokens for two moves meant to mitigate the sudden dumps that plague many meme coins. An audit further solidifies trust, catering to investors who crave comedic returns but want some degree of security. Early backers say an AI-based “social-fi” model sets $SHIBI apart by incentivising holders to stake, complete quests, and remain engaged beyond a quick hype cycle. If mainstream interest in meme coins reignites, Panshibi’s fresh branding and locked liquidity may draw risk-seeking traders. The project’s more robust approach could help it survive the initial hype phase better than typical short-lived memes. Conclusion An 80% rally above $1 forced the Cardano price into the spotlight, but questions remain over the U.S. crypto reserve’s viability and whales’ selling actions. Despite these red flags, some see potential for Cardano if it can hold above key supports and harness more bullish news. Meanwhile, Panshibi (SHIBI) capitalizes on comedic flair, locked security, and an active community to stake its claim in a volatile market. Both stories underscore that crypto remains driven by headlines, big bets, and sentiment offering opportunities for those willing to accept the associated risks. You can participate in the Panshibi presale here: Telegram: https://t.me/panshibi Twitter: https://x.com/panshibi_ Website: https://panshibi.com
If you are closely following the crypto market, you would have noticed that SOL and XRP are competing for center stage as the crypto market heats up. The last few months saw a bearish momentum in the altcoin space, but within the past week, there’s been a resurgence. Price is gradually bouncing back as both altcoins enjoy a slight price recovery. Analysis from Solana news states that one of the reasons behind SOL and XRP recovery is the performance of meme coins like SHIBI and TRUMP. As these meme coins continue to perform well, there is renewed interest in the crypto space, which has significantly boosted the price of other altcoins. Will meme coins be key to the altcoin market in the future? What is the best project to invest in this year? Let’s dive into the details. Solana (SOL) Gains Momentum with Panshibi (SHIBI) and Trump’s Support Solana has become the blockchain for meme coins and fast transactions. Despite its ups and downs, it still manages to stay on top, serving as a direct rival to Ethereum. Panshib, a relatively new meme coin, takes advantage of Solana's low transaction fees and fast transfers to offer real-life utility. Panshibi is still in its presale stage, yet it has already recorded success as its price hits $0.005. The project's roadmap and real-life utility have positioned it for astronomical growth like tokens such as Bonk (BONK) and SHIB. Similarly, TRUMP continues to record success as price reaches $12.9 with thousands of investors recording huge profit since the project launched. Consequently, the SOL price seems to be enjoying a bearish movement, thanks to the momentum from these meme coins. SOL has a strong support level, and analysts expect it to break the $200 mark soon. XRP Prepares for a Strong Performance Amid Legal and Institutional Growth Despite Ripple's legal battles, it continues to gain global partnerships and reinforces its position as a player in cross-border payment systems. As Solana news reports that SOL rides high on memecoin mania, there’s also belief that XRP will not be neglected. There seem to be signs that the performance of meme coins like SHIBI and TRUMP means altcoins like XRP will also experience a resurgence. Market experts anticipate a potential rally for XRP, pushing its price beyond the $3 resistance level in the coming weeks. If you are looking for a 1.2x to 1.5x profit within the next couple of weeks, XRP is a great option. But if you are looking for up to 50x profit, the best option is buying SHIBI now that it’s still in the presale stage. Panshibi (SHIBI) Could Be the Next Big Memecoin on Solana SHIBI is designed to thrive in the growing meme coin market. It is built on the Solana network, which means investors will enjoy fast transaction speeds. The project has a good road map, liquidity, and an active community. Considering these factors, experts believe that SHIBI may be the bigger project for 2025, with the potential to give 50x gains to early investors. Whether you’re looking for the next big memecoin or a long-term utility-driven crypto, SHIBI is the token to watch in the coming weeks. The latest Solana news points to an exciting period ahead for investors. As SOL attempts to bounce back and XRP continues to prove its resilience with growing institutional adoption, investors may yield profit in the coming weeks. Despite this, you may not gain more than 2x profit from these two altcoins, which is relatively poor when compared to what you could achieve if you invest in meme coins like Panshibi that offer up to 50x profit margin. Visit the Website , Telegram, or Twitter to get started. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Cryptocurrency analyst Kevin Svenson is highlighting a potential bullish catalyst for altcoins. In a new video, Svenson tells his 82,800 YouTube subscribers that an expansion in the global money supply could trigger a rally in altcoins. According to Svenson, previous altcoin rallies have erupted after an increase in the global money supply. “Every major bull run for these altcoins… …they really did not start running until global liquidity exploded, you know, went up tremendously… And what we’ve seen is that until recently global liquidity we were testing the 2022 highs as support just recently… There has been no growth for the M2 (money supply) at all really. But it’s starting to come up… …you can see the M2 is slowly coming up now to a breakout. And that breakout in global liquidity may be exactly what the altcoins need to start doing something for real.” Source: Kevin Svenson/YouTube The crypto analyst says that he sees altcoins replicating the price action they displayed during the rally that occurred in the fourth quarter of 2024. According to Svenson, the market cap of altcoins could go up by around 190% from the current level. “If you just extrapolate… It would take us up to $730 billion roughly which would be a new all-time high… That might be a target zone for altcoins and then they could come back to retest the trend line. And maybe go up later it might just be a very steady uptrend where there’s just a lot of profit taking at every new high.” Source: Kevin Svenson/YouTube Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post This Catalyst Is Exactly What Altcoins Need To ‘Start Doing Something for Real,’ Says Analyst Kevin Svenson appeared first on The Daily Hodl .