News

🚨 Elon Musk Wins Dogecoin Trading Lawsuit Dismissal, DOGE Price To Rally?

Elon Musk wins dismissal of a lawsuit alleging he and Tesla manipulated Dogecoin's price for profit, citing lack of evidence in court.

Tesla CEO Elon Musk has successfully secured the dismissal of a federal lawsuit accusing him and Tesla of defrauding investors through the promotion and trading of the cryptocurrency Dogecoin.

The legal decision, issued by a U.S. District Judge in Manhattan, marks a significant development for both Musk and the cryptocurrency community, leaving questions about the future direction of Dogecoin’s price.

🤖 AI News: OpenAI’s Apple Investment & US Govt Deal Fuel AI Dominance Talks

Apple’s investment talks with OpenAI amid U.S. safety partnership spark speculations of AI dominance in the U.S. landscape.

Apple is reportedly in discussions to invest in OpenAI as part of a new fundraising round that would value the AI company at over $100 billion. This move comes as Sam Altman’s firm, OpenAI, pledges to work with the U.S. AI Safety Institute, sparking discussions about potential dominance in the U.S. AI landscape.

🔥 Binance Expands Support For TON, DOGS, JUP, & These Crypto 

Crypto exchange Binance today launched new margin trading pairs for TON, DOGS, JUP, ALGO, APT, BLUR, and other crypto pairs.

Crypto exchange behemoth Binance on Friday issued an important announcement on Toncoin (TON), DOGS, Jupiter (JUP), Algorand (ALGO), Aptos (APT), Arkham (ARKM), Blur (BLUR), SuperRare (RARE), Ontology (ONT), Tensor (TNSR), and Renzo (REZ) crypto. The digital asset exchange pioneer revealed that it is listing new margin trading pairs for the mentioned tokens on its platform today. This announcement has promptly gained significant traction across the broader crypto industry, projecting optimism on the listed tokens’ future movements.

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Markets

📊 Cryptocurrency Prices Today Aug 30: BTC & ETH Fight Turbulence, BEAM & EGLD Soar 4%

BTC price and Altcoins experience fluctuations as sentiments of US PCE coming in hot brim up, further accompanied by whale movements.

The broader market witnessed significant price fluxes today, with major coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP trading in the red territory. However, altcoins BEAM and MultiversX (EGLD) traded dominantly in the green zone today. Whilst, the total crypto market cap slipped 0.44% over the past day to reach $2.08 trillion.

Meanwhile, the total market volume plunged 20.68% to $66.73 billion in the past 24 hours. Here’s a brief report on some of the top cryptocurrencies by market cap and their price action today.

💱 Kraken Adds SHIB, PEPE, WIF As Future Collateral Assets; Prices To Rally?

Kraken's addition of Shiba Inu, Pepe Coin, and dogwifhat as collateral for futures trading fuels speculation of a potential price rally for these top meme coins.

A recent announcement of Kraken around the three top meme coins, Shiba Inu, Pepe Coin, and dogwifhat, has caught investors eyes. This latest development has also fueled discussions over a potential rally of the tokens due to the update. As per the latest announcement, the crypto exchange has added these three meme coins as collateral for futures trading.

📈 Crypto Will Continue To Grow As Store Of Value Like Gold: DBS CEO

Piyush Gupta, the chief executive officer (CEO) at DBS Bank, says cryptocurrencies like Bitcoin will continue to grow as a meaningful store of value, just like gold. However, he also thinks that cryptocurrencies will not take over the role of state-backed currency.