CryptoBreaking News

Florida Attorney General James Uthmeier has filed a lawsuit against OpenAI and chief executive Sam Altman, accusing the company of misleading consumers about the safety of ChatGPT while exposing children and teenagers to potential harm.

Ethereum co-founder Vitalik Buterin has proposed a new approach to decentralised finance that could reduce the risk of sudden liquidations by replacing debt-backed structures with options-based systems.

The Dogecoin Foundation’s corporate arm has partnered with crypto infrastructure provider Paxos to expand institutional access to Dogecoin through regulated brokerage and custody services.

Brussels-based digital asset services firm Keyrock has agreed to acquire certain assets of bankrupt crypto trading and lending company BlockFills for $3.25 million, subject to court and regulatory approval.

Coinbase has stepped up its campaign for the CLARITY Act as the US Senate prepares to consider the crypto market structure legislation that could reshape regulation of digital assets in the country.

Compass Point maintained a bearish view on Coinbase, reiterating a Sell rating and a $140 price target as competition intensifies in the fast-growing market for cryptocurrency perpetual futures.

SpaceX warned investors in an amended IPO filing that future transactions could involve substantial new share issuances that may dilute existing shareholders after the company goes public.

A group of lawmakers from Japan’s ruling Liberal Democratic Party has proposed reforms to support cryptocurrency exchange-traded funds, yen-denominated stablecoins and broader blockchain adoption as the country seeks to remain competitive in digital asset regulation.

The US Senate is expected to resume consideration of the Digital Asset Clarity (CLARITY) Act this week as lawmakers return from the Memorial Day holiday and continue work on a comprehensive crypto market structure framework.

Swan Bitcoin’s lawsuit against Proton Management and several former employees was dismissed by a California federal judge on June 1 after Swan conceded in related UK proceedings that it never owned the mining assets and trade secrets underpinning its claims.

Google parent Alphabet will raise $80 billion in equity capital to pay for ambitious artificial intelligence spending plans. Mandeep Singh of Bloomberg Intelligence has more.

Corey Hoffstein, CEO and CIO of Newfound Research, joins Katie Greifeld and Eric Balchunas on "Bloomberg ETF IQ." They drill down into the Return Stacked US Stocks and Managed Futures ETF (ticker: RSST).