ASIC Sues Liang Guo of Defunct ACX Crypto Exchange

ASIC sues ex-ACX director Allan Guo over alleged misuse of customer crypto funds. Guo left Australia in 2024 amid $37M debt claims from Blockchain Global creditors. ACX pooled user funds without segregation, liquidators reveal in court testimony. Australia’s top financial regulator, the Australian Securities and Investments Commission (ASIC), has launched civil penalty proceedings against Liang … Read more

Dow Jones retreats following cautious Fed Meeting Minutes

The Dow Jones is down slightly on Wednesday after a failed attempt to reach 42,450. Equity markets are awaiting after-the-bell earnings from AI rally darling Nvidia (NVDA). The Fed’s latest Meeting Minutes show the Fed remains firmly entrenched in wait-and-see mode. The Dow Jones Industrial Average (DJIA) is slightly lower on Wednesday, easing below 32,100 … Read more

Ruvi AI (RUVI) Set to Lead 2025 with a 13,233% ROI, Leaving Avalanche’s (AVAX) ATH in the Dust

Ruvi AI (RUVI) is getting a lot of attention with a 13,233% ROI by 2025. That’s a big deal compared to Avalanche (AVAX) all time high (ATH) which now looks small in comparison. Avalanche’s ATH and Place in Blockchain Avalanche (AVAX) is a major player in blockchain. Known for fast transactions and interoperability, Avalanche has … Read more

From $4.5B to $20B: Grayscale Bullish on AI Crypto’s Future, Cites Key Catalysts

The market capitalization of tokens in the artificial intelligence (AI) crypto sector has surged from $4.5 billion in 2023 to $20 billion in just two years. Growth has however slowed this year, with Bittensor’s TAO being the best performer at just 2% growth, while Elizaos has plummeted by 80%. Bittensor Halving Event According to Grayscale … Read more

Telegram and xAI Partner for Grok AI Integration

Key Points: Telegram partners with xAI to integrate Grok AI chatbot platform-wide. Financial deal includes $300 million in cash and equity. Access to Grok AI could shift messaging app dynamics. Telegram and xAI Partner for Grok AI Integration Title: Telegram and xAI Partner for Grok AI Integration Telegram founder Pavel Durov announced on May 28, … Read more