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The U.S. Securities and Exchange Commission has delayed decisions on the Canary spot PENGU ETF and the Grayscale spot Cardano ETF. This marks another pause in the approval process for U.S. exchange-traded funds that provide direct exposure to cryptocurrency prices. The applications aim to expand mainstream participation in crypto investing. However, regulators have chosen to … <a href="https://beincrypto.com/sec-delays-crypto-etfs-decision/">Continued</a>
Share link:In this post: Elon Musk’s xAI sued Apple and OpenAI for allegedly colluding to block AI competition in smartphones and app rankings. The lawsuit says Apple boosts ChatGPT on its devices while suppressing rivals like xAI’s Grok in the App Store. Sam Altman and OpenAI deny wrongdoing and accuse Elon of harassment and manipulation through X.
Share link:In this post: Porsche will no longer produce high-performance EV batteries at its Cellforce unit. About 200 of nearly 300 Cellforce jobs will be cut as the unit focuses on research and development. European automakers are struggling to compete with Asia’s dominance in battery production.
Finance Minister Kato discussed Japan’s Web3 era financial reforms, crypto regulations, stablecoin adoption, tax measures, and public-private collaboration to strengthen global competitiveness and support innovation in the country’s evolving crypto ecosystem.
- 02:41Bitwise CEO: Cryptocurrency Will Be Fully Integrated into Financial Services in the Next 12 MonthsJinse Finance reported that Bitwise CEO Hunter Horsley stated on social media that over the next 12 months, cryptocurrencies will be deeply integrated into various aspects of financial services. A wave of substantial innovation and new participants is coming.
- 02:35Aether Games announces official cessation of operationsChainCatcher reported that Aether Games has officially announced the cessation of its operations. In a statement released on its social media platforms, the project team explained that despite various efforts and adjustments, they were unable to attract a sufficient player base to sustain the project. The team admitted that the TGE (Token Generation Event) was a turning point, as many deals with KOLs, partners, and advisors turned out to be dishonest, resulting in significant financial losses. In addition, major exchanges, including a certain exchange, have issued risk notifications regarding the delisting of AEG tokens, making it impossible for the project to continue. Aether Games also pointed out that the high costs, complexity, and security risks of the crypto gaming market were key factors in their failure. Recently, the project faced multiple hacking attempts, one of which was successful and affected some users. To prevent further scam risks, the official team has decided to close the Discord community. In their farewell letter, the team advised future project developers to consider small-scale fair fundraising and focus on DEX liquidity, rather than relying on expensive promises and unstable partnerships.
- 02:29Data: PIPPIN market cap reaches 450 millions USD, hitting a new all-time high, current price around 0.44 USDAccording to ChainCatcher, monitored by GMGN, the Meme coin PIPPIN on the Solana chain has surged against the trend, with a 24-hour increase of 26%. Its market capitalization once reached 450 million US dollars, setting a new all-time high. The current market cap is reported at 440 million US dollars, with the current price around 0.44 US dollars. ChainCatcher reminds users that Meme coin trading is highly volatile, often relying on market sentiment and hype, and lacks actual value or use cases. Investors should be aware of the risks.