Billionaire investor Elon Musk has controversially sold his social media platform X to his AI startup xAI in an all-stock deal, Cointelegraph reported. The move coincided with a U.S. judge's refusal to dismiss a lawsuit related to the social media platform. The transfer of X's ownership to xAI has complicated the class-action lawsuit against Musk. Musk said the deal valued xAI at $80 billion and X at $33 billion. Cochran said Musk paid many times the value of X with xAI stock, but still lost $11 billion. xAI is known for its AI chatbot Grok, which Musk said could outperform OpenAI's ChatGPT.
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According to PANews, developers hope to expand the DeFi function of the Bitcoin blockchain through zero-knowledge proof. Edan Yago believes that forks are risky and developers should find ways to avoid forks. BitcoinOS has open-sourced the BitSNARK protocol, allowing developers to perform zero-knowledge verification on Bitcoin and connect to blockchains such as Ethereum, Solana and Cardano.
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According to Odaily Planet Daily, Spay recently announced the launch of its Spay VIP card and SSS multi-chain wallet, aiming to break down traditional financial barriers and connect Web2 and Web3. The Spay VIP card supports real-time cryptocurrency and fiat currency conversion, is available globally, and comes with USP Spay points.
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