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Oracle co-founder Larry Ellison briefly overtook Elon Musk as the world’s richest person after Oracle’s stock jumped 41% following a $300 billion deal with OpenAI. Ellison's net worth reached nearly $400 billion, surpassing Musk's $385 billion before Musk reclaimed the top spot.
Bitcoin price surged past the $70,000 mark for the first time in months as investors show optimism about upcoming regulatory clarity and institutional adoption. Analysts predict this rally could lead to further gains if global economic conditions remain stable.
Cardano officially launched its Hydra 2.0 upgrade, expanding its smart contract capabilities and enabling faster, more scalable transactions. This Layer 2 solution aims to improve network throughput and reduce fees, boosting Cardano’s competitiveness in the DeFi space
Do Kwon, founder of Terraform Labs, pleaded guilty to fraud charges related to the collapse of the TerraUSD and Luna stablecoins. This case follows significant losses for investors and regulatory scrutiny. Kwon agreed to forfeit $19 million in illicit profits. This plea marks a key moment in crypto regulation and investor protection.
Ripple’s XRP token has gained significant momentum in the market as the company prepares for an important court hearing against the SEC. Investors are optimistic that a positive outcome could boost XRP’s adoption and price.
Solana’s latest network upgrade has increased transaction throughput to 100,000 TPS (transactions per second), solidifying its position as one of the fastest blockchain platforms. The upgrade also focuses on enhancing network stability and reducing downtime.
Binance, one of the world’s largest crypto exchanges, is under regulatory scrutiny by multiple European financial watchdogs. Authorities are investigating compliance with AML (Anti-Money Laundering) laws and KYC (Know Your Customer) policies, which may impact Binance’s operations in the region.
Crypto exchange Gemini raised $425 million in its U.S. IPO. The shares were priced above expectations, indicating strong investor confidence in crypto exchanges. This IPO is a positive signal for both the crypto sector and institutional investment growth. Gemini plans to use the funds to expand its business and improve regulatory compliance.
Ethereum has completed its highly anticipated "Merge" upgrade, shifting from proof-of-work to proof-of-stake consensus. This move drastically reduces energy consumption by over 99% and paves the way for future scalability improvements.
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September 14, 2025
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