Crypto

The lawsuit claims that Elon Musk's X used Eliza Labs' data, then launched near-identical AI agents via xAI.

Bitcoin’s sell-off accelerates as macroeconomic challenges prompt stock and crypto traders to cut risk. Key takeaways: Rising US trade deficits, insider stock sales, and weak Chinese banks heightened global investor caution. Whales and miners keep selling Bitcoin, but macroeconomic weakness remains the dominant driver. Read more

Gryphon Digital Mining shareholders approve the merger with Trump family-linked American Bitcoin, paving the way for Nasdaq debut under ticker ABTC. Gryphon Digital Mining, a publicly traded Bitcoin miner based in Las Vegas, Nevada, has received final shareholder approval to merge with American Bitcoin, a mining company linked to US President Donald Trump’s family. Shareholders approved the stock-for-stock merger on Wednesday, with the company announcing the decision on Friday. As part of the deal, a reverse five-to-one stock split and new listing are scheduled for 5:00 pm ET on Sept. 2. Once the reverse split is complete, the combined entity will adopt the American Bitcoin name and begin trading under the ticker symbol “ABTC.” Read more

A dismissal with prejudice means that the plaintiffs can’t amend the complaint and refile the suit, according to the general counsel for Duoro Labs. Lead plaintiffs and an investor have voluntarily dismissed their lawsuit against Bitcoin treasury company Strategy, permanently ending the case, according to a court filing obtained by Cointelegraph. The move represents a potential win for crypto treasury companies, with Strategy standing as the industry’s largest player. According to a Thursday court filing, two lead plaintiffs, Michelle Clarity and Mehmet Cihan Unlusoy, and an investor representing other shareholders, submitted the stipulation for dismissal. “The dismissal with respect to Co-Lead Plaintiffs’ claims and Anas Hamza’s claims, but not absent class members’ claims, is with prejudice,” the court document reads. In addition, “the Action has not been certified as a class action.” Read more

BlackRock’s iShares Ethereum (ETH) Trust ETF (ETHA) recorded $1.244 billion in weekly inflows from Aug. 18-22, ranking second among all 4,400-plus ETFs tracked during the period. NovaDius Wealth president Nate Geraci noted in an Aug. 29 post via X that only Vanguard’s S&P 500 ETF outperformed ETHA’s with $1.711 billion in weekly flows. He also […] The post BlackRock Ethereum ETF captures second-highest weekly inflows among over 4,400 ETFs appeared first on CryptoSlate.

Ether price dipped under the $4,300 support as September seasonality heightens correction risks. Key takeaways: Ether slipped under $4,300 after failing to sustain momentum above $4,700, with $338 million in liquidations adding to the sell pressure. Analysts highlight $4,300 as a pivotal support, but the history of September weakness raises the risk of a 10% drawdown. Read more

BlackRock has moved millions in Bitcoin days after $1B ETF buys, with repeated 300 BTC transfers pointing to ETF settlement or rebalancing. Arkham has tracked a $98.95B crypto portfolio, led by 746,016 BTC and 3.762M ETH, while ETH wallets have stayed static.   The post BlackRock Offloads Millions in BTC After Weekly Buys – Market ‘Manipulation’ or Routine Rebalance? appeared first on Cryptonews.

Eliza Labs and founder Shaw Walters filed a federal antitrust lawsuit against social media platform X on Aug. 27. According to the lawsuit, the plaintiffs are alleging that the social media platform fraudulently extracted technical information about their AI agents before deplatforming them and launching competing products. The complaint seeks damages exceeding $75,000 and immediate […] The post Eliza Labs files antitrust lawsuit against X, alleging AI agent monopolization appeared first on CryptoSlate.

TRX inches toward price discovery, but extreme greed and stretched valuation bands risk derailing momentum.

Japan readies its first yen-backed stablecoin, signaling a shift from regulatory caution to active participation in digital finance. Japan was the first country to establish a regulatory framework for stablecoins. Yet, until now, it has taken a seemingly passive role in the technology, with no blockchain-based representation of its national currency, the yen. That may soon change.  After years of quiet infrastructure development, Japan is preparing to launch its first fully collateralized, yen-backed stablecoin later this year. Takashi Tezuka, Japan’s country manager at Web3 infrastructure provider Startale Group, told Cointelegraph that the gap between Japan and the United States on stablecoins reflects a deeper philosophical difference. Read more

Ethereum has recorded four-year highs in August, with $320B in transactions as fees have fallen; DEX volume $135B; TVL near $240B. U.S. ETFs have reached $30.17B (5.4% of market cap), led by BlackRock at $17.2B, with Fidelity at $3.7B and Bitwise at $3.2B. The post Ethereum Shatters On-Chain Records: $135B DEX Volume, 48M TXs, $240B TVL – What’s Driving It? appeared first on Cryptonews.

ChatGPT's Bitcoin Analysis has outlined BTC near $108.8K after losing $110K, trading below the 20/50/100/200-day EMAs with RSI near oversold and a bearish MACD. It has mapped support at $108.5K–$105K and raised $99K as next area if lost, amid institutional selling and altcoin treasury rotation.   The post ChatGPT’s Bitcoin Analysis Flags $108K Breakdown – Can Support Hold at $105K? appeared first on Cryptonews.

The cost to use the crypto network behind TRX spiked recently. Now it's expected to be 60% cheaper to use.

Bitwise Chief Investment Officer Matt Hougan said Solana could soon set new all-time highs, mirroring Bitcoin and Ethereum’s record runs earlier this year. Hougan argued that SOL is set to benefit from the same forces that propelled BTC and ETH to new highs this cycle, namely exchange-traded fund (ETF) inflows, large capital firms entering the […] The post Bitwise says Solana next to hit fresh highs as institutional adoption wave matures appeared first on CryptoSlate.

Bitcoin dropped below $108,000 on Friday, and the rest of the crypto market followed. Will $100,000 be BTC's next stop? Key points: Bitcoin risks falling into the $105,000 to $100,000 range over the weekend. Ether has pulled back in the near term, but remains above the crucial $4,094 support. Read more

A wealthy Bitcoin holder is exchanging some of their long-held gains for Ethereum, swapping $216 million worth of BTC for ETH on Friday.

Eliza Labs founder Shaw Walters said that xAI demanded more licensing fees from the agentic AI platform or face possible legal action. Agentic AI project Eliza Labs has filed a lawsuit against Elon Musk’s xAI, claiming that the AI company engaged in monopolistic practices meant to “deplatform” agentic AI launchpads. The lawsuit claims that xAI attempted to “extract” valuable information, including technical documentation and usage figures related to the development of Eliza Labs’ platform, to copy its ideas before “banishing” Eliza Labs from xAI. Eliza Labs co-founder Shaw Walters argues in the lawsuit that the relationship between the two companies started off amicably, with xAI inviting Walters to share ideas. He also said that they built on xAI’s application programming interface (API) because it was free. Walters added: Read more

Bitcoin (BTC) holding patterns suggest a potential resumption of the uptrend starting in late September 2025, as long-term accumulation data reveals evolving market dynamics driven by institutional adoption and policy catalysts. CryptoQuant Korean Community Manager Crypto Dan’s analysis reveals that the current cycle differs from previous bull markets due to extended timeframes and flattening momentum […] The post Bitcoin signals uptrend resumption in late September based on holding patterns appeared first on CryptoSlate.

The Ethereum Foundation has paused new grant applications under its Ecosystem Support Program, citing high demand and a move toward strategic funding. Existing grantees continue to receive support, with a redesigned process expected in late 2025 to guide resources across the Ethereum ecosystem. The post Ethereum Ecosystem Support Program Pauses Open Grant Aapplications appeared first on Cryptonews.

Institutional investors now have their first exposure to Hyperliquid’s native token through a Europe-listed crypto ETP. 21Shares, a Switzerland-based asset manager and issuer of crypto exchange-traded products (ETPs), has listed the Hyperliquid ETP on the SIX Swiss Exchange. The product gives investors exposure to the Hyperliquid token without the need for wallets or onchain custody. In a Friday announcement, the company described Hyperliquid as one of the major venues for decentralized derivatives, claiming it processes more than $8 billion in daily volume, with $2 trillion in trades since its 2023 launch, and roughly 80% of the total decentralized perpetuals activity. The listing, which marks the first institutional-grade product offering exposure to the Hyperliquid protocol, comes just days after Hyperliquid’s token (HYPE) hit a record high of $50.99. Read more