Comfortable Valentine’s Day! Or as Elon Musk would say our hearts at 99Bitcoins exit to all of you.
Critically, we’re dwelling in loopy occasions!
So, on this particular love version of Really feel Good Friday, we discuss Elon Musk’s bid for OpenAI, XRP’s new ETF, and whether or not marriage is a rug pull.
Elon Musk Checkmates Sam Altman
Sam Altman’s IPO goes to be a trillion {dollars}, isn’t it? Properly, not if Elon Musk has something to say about it.
Confronted with a necessity for extra capital, OpenAI’s management is eyeing a structural pivot to acquire funding from Softbank Japan, which at present values the corporate at a staggering $260 billion.
Whereas nonprofit-to-for-profit flips have precedent, the magnitude of OpenAI’s operations units it aside. Nonetheless, the plan was upended when Elon Musk stepped in with a $97.4 billion supply, complicating negotiations and leaving the path of OpenAI hanging within the stability.
As you’ll be able to see, these ladies are signaling to wealthy AI chads to choose them up for a “thorough dialogue of AI know-how” if you realize what I imply.
Anyway! Tens of millions of customers use ChatGPT each day, and its know-how so indisputably exists that Elon Musk is prepared to go even additional into debt by lowballing the corporate’s worth to $100 billion.
Some would possibly say it’s not a lowball supply as a result of it’s larger than OpenAI’s inside valuation. Both method, Elon’s hostile bid is screwing Sam Altman over.
Elon Musk Apart, XRP Has Already Gained (behind the scenes)
The SEC has acknowledged a groundbreaking XRP ETF software from NYSE and Grayscale, setting a 240-day deadline for a verdict. This submitting represents the primary occasion of the SEC formally performing on an XRP ETF proposal, signaling a possible shift within the company’s strategy to crypto-related ETFs.
Amid XRP’s high-profile authorized battle with the SEC, the timing raises questions on how this determination may ripple – ha! Ripple, get it? – by the ETF market and reshape the regulatory panorama for crypto property.
By submitting a 19b-4 type, the SEC has positioned an XRP ETF proposal beneath formal overview. Approval, rejection, or additional proceedings are all in play, although the acknowledgment itself hints at potential regulatory motion.
XRP’s historical past with the SEC is deeply fraught. They have been within the regulatory graveyard for the whole thing of Joe Biden’s presidential administration.
$XRP holders proper now. pic.twitter.com/BL8OYrrt4b
— John Squire (@TheCryptoSquire) February 13, 2025
Ripple Labs was sued in 2020 for allegedly promoting XRP as an unregistered safety. Whereas Ripple gained a partial win in court docket, the authorized mud is way from settled. The SEC actively appeals to elements of the choice, maintaining XRP in limbo.
Regardless of this, analysts see indicators of progress. Bloomberg’s James Seyffart and Eric Balchunas peg the percentages of XRP ETF approval by 2025 at 65%. “They may have simply rejected this submitting. Monumental message [in my opinion],” wrote Balchunas.
Is Marriage a Rugpull?
“What’s the purpose of marriage?” somebody requested me not too long ago. Certain, he was homeless, however he made some good factors.
You’ll be able to have youngsters with out marriage. Actually not wanted.
With excessive divorce charges, trendy “marriage” contracts are essentially the most twisted conception doable.
Nobody says to not get collectively and have households, and so they say, “Don’t signal the state contract.
I get what he was saying, however finally, I disagree.
Marriage and elevating a household could be the most effective chapter of your life when you do it with the appropriate particular person.
Sure, marriage within the modern-day might be a rip-off. Nonetheless, love is nice for the center, and having children and an excellent, loyal accomplice in these occasions is a blessing. So with that, have an excellent Valentine’s Day!
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