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Tech tycoon and Tesla CEO Elon Musk renewed his legal battle against artificial intelligence (AI) development firm OpenAI after previously dropping the lawsuit. In a Monday filing with the United States court for the northern district of California, Musk claims that OpenAI CEO Sam Altman and others fraudulently induced him to invest in the company. He claims that his $44 million investment was based on the premise that OpenAI would remain a nonprofit organization focused on open-source AI develo...

There’s blood on the streets and crypto gamblers on Polymarket are betting that Bitcoin is far from its bottom. Forty-five percent of traders on the prediction market Polymarket believe that Bitcoin’s price will fall below $45,000 before September. This spiked at a 65% chance in early European trading hours on Monday amid a market meltdown. It's worth pointing out, though, that there's currently less than $300,000 worth of bets in that pool. Bitcoin fell below $55,000 overnight amid macroeconomi...

Ahead of the opening bell for in the U.S., cryptocurrency-related stocks have experienced a sharp decline in pre-market trading, mirroring the severe downturn in the broader crypto market. The sell-off, triggered by a confluence of factors including regulatory concerns, macroeconomic uncertainties, and geopolitical tensions, has sent shockwaves through the digital asset ecosystem. Leading the pack in pre-market losses, MicroStrategy (MSTR) saw its stock price plummet by 29%, while Coinbase Globa...

After launching her own token in May, media personality Caitlyn Jenner is set to debut a new crypto project around the Olympic gold medal she won 48 years ago. Set for Thursday, the launch will offer investors a chance to own a digital piece of Jenner’s 1976 Olympic gold medal via fractionalization. Jenner told Decrypt that she got the idea before this year’s Summer Olympics and wanted to approach it creatively with her team.  “Well, I have been in this space for almost a year now, and I'm const...

Ethereum nosedived by more than 20% on Monday morning, a casualty of a badly bleeding crypto market that appears to have been dragged down by worrying signs of a potentially imminent global recession. As Asian financial markets woke to a bloodbath early Monday, ETH plummeted some 22%, from nearly $3,000 to $2,280 at writing. But the damage caused by Monday’s still-unfolding events was by no means contained to Ethereum. Across the board, crypto tokens have hemorrhaged billions of dollars worth of...

The cryptocurrency market experienced a seismic shock in the past 24 hours, with total liquidations surpassing $1.06 billion and affecting 278,480 traders. This market meltdown, characterized by a stark imbalance between long and short positions, saw long liquidations reaching a staggering $902 million, while short liquidations stood at $160 million, according to CoinGlass data. The single largest liquidation in the past day has been a $27 million position on Huobi, according to Coinglass. Bitco...

The crypto market sank to its lowest levels in more than five months as Japan's stock market balked at recessionary fears following a rate hike by its central bank last week. Bitcoin and Ethereum, the two largest cryptos by market capitalization, have fallen considerably over the last 24 hours, down 9% and 18%, respectively. Trading volumes surged by just over 214% Sunday compared to Saturday, driven by heavy dip buying, with volumes up around 226%, a spokesperson for crypto exchange Swyftx told...