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• May 5, 9:33 PM OpenAI

  OpenAI reaffirms nonprofit status, scraps for-profit conversion plans

  OpenAI, the creator of ChatGPT, has decided to maintain its nonprofit status, halting its previous plans to transform into a for-profit entity. Instead, the company confirmed it would convert its for-profit business unit into a Public Benefit Corporation (PBC), which would still operate under nonprofit oversight. This decision aligns with OpenAI's foundational principles and ensures continued control by the nonprofit, despite the previously considered shift towards a for-profit model to facilitate funding for advancing AI technologies.

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• May 5, 2:02 PM Chainlink

  Chainlink partners with Space and Time to launch Chainlink Rewards Season Genesis

  Chainlink introduces Chainlink Rewards, a program designed to boost engagement within the Chainlink Network by making native tokens from Chainlink Build projects claimable for ecosystem participants. The first initiative under this program, Season Genesis, starts on May 8, 2025, with Space and Time offering 100,000,000 SXT tokens to eligible LINK Stakers. This pilot phase will help gauge the feasibility of a broader token claiming mechanism involving multiple Chainlink Build projects in the future.

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• May 5, 9:38 AM Bitcoin Sistemi

  Tether launches new AI project with crypto payment integration

  Tether has launched an open source AI initiative called Tether AI, led by a runtime product named Personal Infinite Intelligence, capable of operating on any hardware. The platform promotes decentralized, hardware-independent AI systems and eliminates the need for centralized API keys. A standout feature of this AI system is its support for native crypto payments, such as USDT and Bitcoin, fostering the convergence of AI and decentralized finance. Tether's venture into AI extends its recent expansion into new sectors, including renewable energy and education.

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• May 5, 5:41 AM Cointelegraph

  OKX relaunches DEX aggregator with enhanced security after Lazarus Group misuse

  OKX has reactivated its decentralized exchange (DEX) aggregator, OKX Web3, with significant security upgrades after a temporary shutdown due to misuse by the North Korean hacking group, the Lazarus Group. The platform now features a real-time abuse detecting and blocking system, enhanced onchain analysis tools, and a dynamic database to identify and block suspect addresses. These measures aim to prevent fraudulent activities, backed by audits from blockchain security firms like CertiK, Hacken, and SlowMist.

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• May 2, 11:12 AM Bitcoin Sistemi

  FinCEN proposes ban on Huione for alleged money laundering linked to North Korean hackers

  The US Financial Crimes Enforcement Network (FinCEN) has proposed banning Cambodia-based Huione from the US financial system due to allegations of money laundering and connections to North Korean hacker groups. Huione allegedly laundered over $4 billion earned from cybercrimes, heavily involving cryptocurrencies. The National Bank of Cambodia also revoked Huione's banking license, enforcing a local ban on digital asset transactions.

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• May 2, 3:00 AM Movement Labs

  Movement Labs suspends co-founder Rushi Manch amid ongoing investigation

  Movement Labs has suspended co-founder Rushi Manche following an ongoing investigation by Groom Lake into governance and incidents with a market maker. Concurrently, Coinbase announced it will cease trading of Movement's MOVE token on May 15 due to the token not meeting its listing standards after a routine review. Following these developments, the price of MOVE dropped to a record low, further impacted by controversies involving alleged token manipulation by the market maker and internal disputes within Movement Labs.

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• May 1, 10:35 PM Pixels

  Pixels introduces $PIXEL staking to foster player engagement across its gaming ecosystem

  Pixels has launched $PIXEL Staking, enabling players to stake tokens in various games within its ecosystem including Core Pixels, Forgotten Runiverse, and Pixel Dungeons. This new system allows players to earn rewards linked to game success and influence future developments through a stake-to-vote mechanism. The $PIXEL PopRank system rewards games with more staking support and player engagement, boosting their visibility and share of ecosystem rewards. With phased rollouts planned, Pixels aims to build a decentralized, data-driven publishing ecosystem, enriching player engagement and expanding its play-to-earn model.

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• May 1, 3:32 PM The Block

  Tether reports $120 billion Treasury exposure and $1 billion Q1 profit

  Tether announced its total exposure to US Treasurys nearly reached $120 billion at the end of March, with $99 billion as direct exposure. The company, issuer of the stablecoin USDT, revealed over $1 billion in operating profit from traditional investments for the quarter. Additionally, Tether is diversifying its investments, including $2 billion in long-term initiatives in emerging technologies, while operating under new regulatory supervision in El Salvador.

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• May 1, 12:15 PM The Block

  21Shares files for spot Sui ETF and announces strategic partnership with Sui network

  21Shares has filed an S-1 registration statement with the SEC to launch a spot Sui ETF in the US, offering direct exposure to SUI tokens, with assets held in custody by Coinbase. The ETF will not engage in staking but will allow share redemptions and creations in cash. Alongside this ETF, 21Shares announced a strategic partnership with the Sui network, focusing on global expansion and product collaborations. This ETF and partnership underscore a heightened institutional interest in the Sui ecosystem.

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• May 1, 6:00 AM Crystal Intelligence

  Crystal Intelligence to acquire Whale Alert's Scam Alerts platform

  Crystal Intelligence plans to acquire Scam Alerts from Whale Alert to enhance reporting and combat crypto scams. Post-acquisition, Scam Alerts will operate as a non-commercial entity within Crystal Intelligence, focusing on increasing crypto adoption through scam reduction. The acquisition, expected to close by the end of May, includes Whale Alert serving as an advisory partner and Crystal Intelligence enhancing data collection and international cooperation on scam investigations.

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• May 1, 1:26 AM Tether

  Tether finalizes deal to acquire 70% stake in Adecoagro, deepening its strategic expansion

  Tether announced the successful acquisition of a 70% stake in Adecoagro, marking a significant expansion from digital finance to global real-world infrastructure. This move builds on Tether's initial $100 million investment in Adecoagro in 2024, emphasizing its strategic shift towards supporting sustainable real-world asset production in energy, agriculture, and more. The acquisition aligns with Tether's focus on economic freedom and resilience in emerging markets, and positions Tether to intensify Adecoagro's growth and strategic direction towards renewable energy and efficient resource use.

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• May 1, 1:16 AM Metaplanet

  Metaplanet establishes US subsidiary in Miami to boost Bitcoin treasury strategy

  Metaplanet, a Japanese public company focused on Bitcoin, announced the establishment of a US subsidiary, Metaplanet Treasury, in Miami, Florida, to enhance its global Bitcoin treasury activities. This strategic move aims to improve liquidity access, execution speed, and strengthen its presence in the US market, capitalizing on Miami's status as a hub for Bitcoin innovation. The company plans to begin operations of its Miami subsidiary in May 2025 with an initial $10 million investment, gearing towards a strategic positioning for growth in Bitcoin-centered financial activities.

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• Apr 30, 6:53 PM The Block

  Ripple proposal to buy Circle for up to $5 billion rejected

  Ripple offered to pay between $4 billion and $5 billion to acquire crypto firm Circle, the issuer of the stablecoin USDC. Circle, valued at $9 billion during its attempt to go public in 2022, rejected the offer, considering it too low. Despite the rejection, Ripple remains interested in acquiring Circle. This follows Circle's recent filing for an initial public offering.

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• Apr 30, 3:19 PM Bitcoin Sistemi

  Eric Trump warns banks to adopt crypto or face obsolescence in 10 years

  Eric Trump, who has invested in Bitcoin and other cryptocurrencies such as Ethereum, Solana and Sui, criticized traditional banks as costly and inefficient compared to crypto alternatives. Speaking to CNBC, he highlighted the speed and cost-efficiency of crypto transactions and warned that banks must adapt to this evolving landscape or risk becoming irrelevant within a decade. He also supported decentralized finance as a viable alternative to the traditional banking system.

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• Apr 30, 2:45 PM The Block

  ZachXBT reports $330 million bitcoin theft involving elderly US victim

  ZachXBT revealed that the recent theft of $330 million in bitcoin involved an elderly individual in the US, targeted through a social engineering scheme. The stolen bitcoins were transferred and subsequently laundered into Monero via multiple exchanges, causing a significant price surge in XMR.

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