The platform's OpenAI private equity tokens were disavowed by the company, prompting OpenAI co-founder, Elon Musk, to call the AI firm "fake." OpenAI issued a statement on Wednesday clarifying that OpenAI tokens distributed to European Union users by the trading platform Robinhood do not represent equity in the company. "We are not involved in this and do not endorse it,” representatives of the company wrote on social media. “Any transfer of OpenAI equity requires our approval — we did not approve any transfer. Please be careful." Robinhood distributed $5 worth of OpenAI and SpaceX tokens to clients in the EU region on Monday as part of the company's push into tokenized stock trading, which included launching a layer-2 blockchain network to settle tokenized equity trades. Read more
Zohran Mamdani has made waves after his primary election victory, but what would he mean for the crypto industry in NYC? Zohran Mamdani won the New York mayoral primary election on June 24, which has since caused a stir among the crypto industry’s upper crust. Mamdani will face off against incumbent Mayor Eric Adams in November, and it’s clear that many in the crypto industry are uneasy about the prospect of a Mamdani victory. Executives and pro-crypto government officials alike have decried his policy proposals, with critics equating his left-leaning policies to Soviet collectivism. Mamdani laid out many specific policy positions, several of which were further left than the Democratic Party norm, but he has remained relatively silent on cryptocurrency. His opponent, Adams, in contrast, is promoting it at great length. Read more
Vitalik Buterin's presentation at the EthCC event comes amid an inflection point for the crypto industry as it attempts to reconcile growth and the Cypherpunk ethos. Ethereum co-founder Vitalik Buterin delivered a keynote speech at EthCC on Wednesday, asking blockchain developers to focus on freeing humanity through their inventions rather than building more technically advanced tools. Buterin compared the individual liberty ethos of the early internet in the 1990s to the current ethos in blockchain, noting that the free and open internet championed by early digital rights advocate John Perry Barlow was lost in the Web2 era. The Ethereum co-founder characterized Web2 as a collection of "walled gardens," warning the audience that many of the Web2 founders, which have since become known for censorship policies, framed themselves as freedom advocates in the early days. Buterin cautioned Web3 founders not to fall into the same trap: Read more
LTC price fell under $90, but multiple factors suggest Q4 2025 could be an exciting time for the altcoin. Key takeaways: LTC’s spot cumulative volume delta flipped positive for the first time since December 2024, signaling a positive shift in market sentiment. A potential LTC ETF could trigger institutional investor demand and align with its historically strong Q4 performance. Read more