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OpenAI has filed a lawsuit against Elon Musk, accusing the billionaire tech figure of attempting to sabotage the AI company through a pattern of disruption through what it calls a pattern of disruption – including an allegedly fraudulent acquisition proposal reportedly worth $97.375 billion. The suit, filed in a California district court, seeks financial damages and orders (injunctive relief) intended to stop Musk’s alleged interference, claiming Musk’s actions aimed to harm OpenAI while benefiting his rival firm, xAI. The legal filing claims Musk first tried to gain control of OpenAI after unsuccessfully pushing for it to shift from its original nonprofit structure to a for-profit model with himself installed as CEO and majority shareholder. OpenAI alleges that internal emails, presented as evidence , show Musk proposing to take complete ownership in return for funding – an offer OpenAI declined. The lawsuit goes on to assert that Musk later used public platforms and legal pressure to interfere with the company’s operations and partnerships. “Musk has tried every tool available to harm OpenAI,” the complaint states, citing press statements, legal claims, and social media posts shared on X . OpenAI claims his actions disrupted OpenAI’s relationships with current and potential investors, increasing operational burdens and raising employee concerns about possible instability. Related: OpenAI Now Worth $300 Billion After Massive $40B Funding Round OpenAI’s legal team argues that Musk’s $97.375 billion offer to buy the company was never genuine. According to the complaint, Musk provided no clear funding source behind the proposal, and the massive figure appeared disconnected from any standard business rationale. The company even suggests, without naming it, that the number referenced Musk’s preferred science fiction series. Related: Sam Altman’s $9.74B Twitter Offer To Elon Musk’s $97.4B OpenAI Bid The complaint further claims that Musk’s actions were “intentionally designed” to interfere with OpenAI’s business and limit its ability to compete in the AI sector. The filing suggests that Musk sought to secure an advantage for his company, xAI, by undermining OpenAI’s credibility and stability. This legal action by OpenAI comes after Musk sued the organization himself back in March. Musk’s suit alleged OpenAI violated what he claimed was a “Founding Agreement” by abandoning its non-profit mission and failing to make its technologies open source. OpenAI countered then that no such binding founding agreement existed in the way Musk described, and produced emails allegedly showing Musk was aware of and even supportive of the planned shift towards a for-profit structure. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Stock are moving fast like shitcoin lol Never a boring day here GN 🤝

Bitcoin has been under increasing pressure since the return of the trade war initiated by Donald Trump. While many hoped to see the asset break free from the influence of Wall Street, reality catches up with the markets: the rise in U.S. bond yields is dampening initial enthusiasm. The correlation between bitcoin and the U.S. economy has never been more evident. Despite hopes for financial independence, cryptocurrency remains sensitive to external shocks. The recent drop of BTC below $78,000 in reaction to new U.S. tariffs is proof of this. Asian and European markets trembled, dragging bitcoin along in their wake. Analysts agree : discussing decoupling is premature. Lennix Lai from OKX emphasizes that bitcoin remains deeply integrated into global liquidity conditions. Even gold, often considered a safe haven, struggles to detach from geopolitical shocks. Cryptocurrency, still perceived as a speculative asset, is severely affected by shifts in market trends. However, some see an opportunity. Nick Ruck from LVRG Research believes that bitcoin could, in the long run, establish itself as “digital gold” once its intrinsic value is better understood. But for now, market fundamentals – mining taxes, unpredictable regulations – continue to weigh heavily. Speculation dominates, and traders react instantly. The 10-year Treasury yields have reached 4.5%, an alarming level. This rise reflects a growing distrust in U.S. debt, as well as a tightening of liquidity. For cryptocurrencies, it’s a red flag: when money becomes expensive, investors flee from risk. Peter Schiff , an economist known for his anti-Bitcoin stance, has sounded the alarm. According to him, without an immediate turnaround from the Fed, markets could face a crash comparable to 1987. A perspective that chills the blood of holders. Particularly since, as noted by Rachael Lucas, a crypto analyst, “when bonds rise and stocks fall, it signifies that financial stress is setting in”. What to do in such a context? The most optimistic believe that the current crisis could, paradoxically, strengthen bitcoin in the long term. If trade tensions were to ease, cryptocurrency could experience a spectacular rebound. The hope for a renewed interest in bitcoin is rising with the depreciation of the yuan. For now, however, the market remains under pressure. The storm is brewing, but after the rain comes the sunshine. The signals are concerning, certainly, but the history of bitcoin has already proven its resilience.

Amazing how one of the largest weekly green candles we've seen just happens to come after everyone says it's never been worse.

$NVDA - Didn't take long to be up on this one. Never buy the first or second retail dip, buy the third one where retail starts selling.