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Business
OpenAI's Reported $340B Valuation Could Bode Well for AI-Linked Crypto
Wall Street Journal reported that OpenAI is in talks to raise new $40 billion funding, at a valuation of $340 billion.
OKX Unveils 2nd Proof-of-Reserves Report, Promises Monthly Publication
Users can now view and download the old and new reserve ratios and self-assess the exchange's health and safety of their assets, OKX said.
Porter Finance Team Returns for Second Shot at DeFi Bonds Project
Months after Porter Finance was shuttered due to lack of demand, three of the four team members say they still feel the potential for on-chain bond issuances is massive.
Some, Not All, Crypto Token Screenings Will Be Scrapped, Japan’s JVCEA Official Says
The legally approved self-regulatory body wants to streamline screenings for tokens that are already listed on local exchanges while keeping existing standards for other assets including those only listed on foreign platforms.
McLaren Racing Unveils Crypto-Inspired Car Livery Ahead of Singapore GP
The Singapore Grand Prix takes place on Oct. 2.
NFT Project Okay Bears Signs Licensing Deal With IMG
IMG has been appointed as the exclusive global licensing representative to launch consumer products and experiences for the Solana-based PFP project.
B2B Payments Startup Paystand Acquires Mexican Peer Yaydoo
While the companies will operate independently, there is hope for cross-selling opportunities.
Solana-Based STEPN Reports $122.5M in Q2 Profits
The team will use 5% of the profits to initiate a buyback and burn program of its native GMT tokens.
CoinFLEX Begins Arbitration to Recover $84M in Delinquent Debt
The trading platform also said it was speaking with depositors looking to help the business by “rolling some of their deposits into equity.”
Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report
Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.
