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Tether has launched its cross-chain USDT0 token using cryptocurrency exchange Kraken's native Ethereum extension layer 2 network, Ink. It is reported that USDT0 hopes to develop into a cross-chain "unified liquidity layer", making the transfer of USDT in the crypto ecosystem easier. It uses LayerZero's Omnichain Fungible Token standard, a repeater designed to mint and destroy tokens on different blockchains.
OpenAI filed a motion to dismiss a lawsuit against it by Elon Musk, alleging that Mr. Musk used the legal system to harass it in order to boost the standing of rival company xAI. Mr. Musk filed a lawsuit in February claiming that OpenAI had deviated from its "not-for-profit" intent, but refiled it in August after withdrawing it in June. OpenAI alleged that Mr. Musk's allegations were without merit and asked the court to dismiss the case. A hearing is scheduled for November 12.
Two brothers, Anton and James Peraire-Bueno, will stand trial on October 14, 2025, in the United States District Court for the Southern District of New York for allegedly stealing $25 million in cryptocurrency by utilizing a Maximum Extractable Value (MEV) bot. They are charged with conspiracy to commit wire fraud, money laundering and other crimes. According to the Department of Justice, the brothers illegally obtained cryptocurrency in just 12 seconds and hid assets through shelf companies and...
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