MINE.exchange has gathered the latest Web3 news from the past week that you might have missed.
- AI startup xAI, founded by Elon Musk, has acquired the social media platform X—also owned by Musk—as part of a stock-swap deal. xAI was valued at $80 billion, while X was valued at $33 billion, including $12 billion in debt obligations.
- Japan plans to officially recognize cryptocurrencies as financial instruments and impose restrictions related to insider trading.
- The U.S. government has no plans to adopt the meme cryptocurrency Dogecoin. This was confirmed by Elon Musk, head of the Department of Government Efficiency (DOGE).
- Australia’s financial intelligence agency, AUSTRAC, has warned crypto ATM operators about violations of anti-money laundering and counter-terrorism financing (AML/CTF) regulations.
- AI company OpenAI has completed a new funding round, raising $40 billion at a $300 billion valuation. This makes it one of the top three most valuable private companies in the world, alongside SpaceX and ByteDance.
- Zoop, a startup founded by OnlyFans creator Tim Stokely, in partnership with HBAR Foundation—the developer behind the Hedera blockchain—has submitted a bid to acquire TikTok from Chinese company ByteDance.
- Circle, the issuer of the USDC stablecoin, has filed with the U.S. Securities and Exchange Commission (SEC) to go public through an IPO.
- On April 2, Donald Trump announced a 10% base tariff on imports from all countries, along with additional duties for certain nations. Shortly after, users on X noticed that similar figures could be generated using ChatGPT’s suggestions.MINE.exchange – everything changes for the better!
