Celsius Announces Distribution of Additional $127M to Creditors
In a post on November 28, bankrupt crypto lending firm Celsius announced that it will distribute an additional $127 million to creditors soon. The post stated that the distribution is being made available from the “Litigation Recovery Account” and will be paid to creditors of classes 2, 5, 7, 8, and 9. Retail borrower depositors […]
Ethereum L2s Attain All-time High of $51B TVL
The cumulative total value locked (TVL) of Ethereum layer-2 (L2) networks has attained a new all-time high of over $51.5 billion, indicating investors’ growing interest in the Ethereum ecosystem. This is a significant increase in cumulative TVL, which has risen from $16.6 billion in November 2023 to over 205%, according to L2beat data. To enhance […]
SingularityNET, Mina Partner for Privacy-focused Decentralized AI
SingularityNET has partnered with the Mina Foundation, a nonprofit organization responsible for the privacy-focused Mina Protocol, to advance decentralized AI through zero-knowledge (ZK) technology. The partnership aims to create innovative solutions prioritizing user privacy and data protection by utilizing both platforms to develop secure, decentralized artificial general intelligence (AGI) applications. The partnership focuses on the […]
SoftBank Group Invests $1.5B in OpenAI
SoftBank Group has invested $1.5 billion in OpenAI, the artificial intelligence company that developed ChatGPT. The tender offer allows OpenAI employees to cash out up to $1.5 billion worth of shares The offer will allow OpenAI employees to redeem restricted stock units at a rate of $210 per share, enabling them and their stakeholders to […]
Solana Memecoin Trader Makes $5.6M with CHILLGUY Token
After purchasing tokens associated with a viral internet meme, a Solana-based memecoin trader made $5.6M at the current market price from a $160 investment. A wallet made two purchases of the Just a chill guy (CHILLGUY) memecoin on Nov. 15, according to data from Solana’s blockchain explorer Solscan. The trader exchanged 9.6 million CHILLGUY tokens […]