Musk and his legal team claims that Sam Altman and Greg Brockman, two of OpenAI’s founders, wanted to launch a token in early 2018 to help make the company profitable.At the time, Musk said “it would simply result in a massive loss of credibility for OpenAI and everyone associated with the ICO.”
[Berachain to Launch Fund Recovery Page Early Next Week and Plans Additional Hard Fork] Berachain announced plans to launch a fund recovery claim page early next week to provide fund recovery services for users who suffered losses in the Balancer v2/BEX exploit. Users who deposited through vault contracts (such as nfrared) can directly claim funds using their original deposit addresses. Additionally, Berachain will release a CSV file containing all relevant wallets and their estimated claimable funds. Recovered funds will be fully returned to users, accounting for 96% of the deposit amounts for most liquidity pool users. The remaining 4% of funds are still held in the BEX liquidity pool and are expected to be unlocked next week. Berachain also plans to conduct an additional hard fork later next week to unlock the BEX contract at the virtual machine level and, referencing Balancer's latest announcement, enable recovery mode in the composable stable v6 pool.
[Australian ASIC Chair Warns Capital Markets May Fall Behind for Not Embracing Tokenization Technology] Joe Longo, Chair of the Australian Securities and Investments Commission (ASIC), stated during a speech at the National Press Club that if Australia fails to actively adopt emerging technologies, including tokenization, its capital markets may risk being overtaken by other countries. He pointed out that as global markets accelerate innovation, Australia could become a 'land of missed opportunities' or merely passively accept developments from abroad. Boston Consulting Group (BCG) estimates that over $35.8 billion worth of real-world assets have already been tokenized on-chain, with this figure expected to grow to $16 trillion by 2030; McKinsey offers a more conservative forecast of $2 trillion. Meanwhile, U.S. market regulators have introduced the concept of 24/7 trading, and financial leaders such as BlackRock CEO Larry Fink are advocating for asset tokenization as a solution.
[Ondo Finance Appoints Former McKinsey Executive Ian De Bode as President] Ondo Finance announced that Ian De Bode, former head of McKinsey's digital asset business, has officially taken on the role of company president. Ian De Bode brings extensive strategic management experience in the digital asset sector, and this appointment aims to further drive Ondo Finance's growth and innovation in the decentralized finance (DeFi) space.
[Cipher Mining Issues $1.4 Billion High-Yield Bonds for Data Center Construction] Cipher Mining announced the issuance of $1.4 billion in high-yield bonds to support its data center construction plans related to Google. The financing involves the issuance of 5-year senior secured notes by its subsidiary, which are non-callable for the first two years and carry a coupon rate of 7.125%. Morgan Stanley serves as the sole lead underwriter. Cipher Mining and TeraWulf have transitioned from Bitcoin mining operations to data center management, driven by the growing demand for AI computing power. The funds raised will be used for the construction of the Barber Lake data center facility near Colorado City, Texas.
[Block's Bitcoin Revenue Reaches $1.97 Billion in Q3, Accounting for Nearly One-Third of Total Revenue] Block Inc. achieved approximately $1.97 billion in Bitcoin revenue in the third quarter of 2025, accounting for nearly one-third of its total revenue of $6.11 billion. Despite an 18% year-over-year increase in gross profit, some financial metrics fell short of market expectations, causing the stock price to drop more than 9% in after-hours trading. As of the end of the quarter, Block held 8,780 Bitcoins, with a total value exceeding $1 billion.