Crypto Industry News & Market Trends

Hugging Face Explores $13 Billion Sale a Month After a Rogue OpenAI Agent Hacked It

In briefHugging Face is working with a bank to gauge buyer interest in a sale that could value the AI developer platform at $13 billion or more.No deal has been reached and no buyer has been named.A $13 billion price tag would nearly triple Hugging Faces $4.5 billion 2023 valuation.　　Hugging Face is exploring a sale that could value the company at $13 billion or more, Business Insider reported Sunday, citing people familiar with the matter. Per the reports, the company has retained a bank to gauge interest from potential buyers, but no deal has been reached, and it isnt clear who Hugging Face has been talking to.　　A $13 billion price tag would nearly triple the $4.5 billion valuation Hugging Face set in its 2023 Series D—a late-stage funding round startups raise once theyve already proven demand. That round brought in $235 million and was led by Salesforce Ventures, with Google and Nvidia also putting money in.　　Myriad: When will OpenAI release GPT-6？ Click to make your prediction.　　The company has turned down big checks before. Late last year it rejected a $500 million investment from Nvidia that would have valued it at $7 billion, worried a single investor would gain too much

08-25Industry

Ceffu Pulls $263 Million in Bitcoin and Ethereum off Binance in 30 Minutes

Key TakeawaysCeffu moved 136.54 million USDC onto Binance before withdrawing $263.8 million in BTC and ETH on Aug. 24.A similar episode was flagged in July where 3,000 BTC worth $192 million left Binance for Ceffu.Analysts are watching if Ceffus custody activity continues as bitcoin holds above $77,000.　　A Familiar Custody Pattern Repeats　　Onchain sleuths reported that Ceffu deposited 136.54 million USDC into Binance before pulling 1,524 BTC (worth $117.89 million) and 59,484 ETH (approx. $145.92 million) off the exchange within half an hour. Ceffu was rebranded from Binance Custody and now operates as Binances institutional custody partner, offering large investors segregated cold storage and settlement services.　　This is not the first time Ceffu has moved large sums between the two platforms, as in July, 3,000 BTC (worth roughly $192 million) was moved from Binance to a Ceffu address across 12 separate transfers over 30 days.　　Discover more　　Digital Currencies　　Exchange Traded Funds　　exchange-traded funds　　Ceffu‘s custody infrastructure is built on multi-party computation technology paired with a customizable multi-approval scheme, and the platform has expanded its institutional footprint this year through partnerships such as its role as the institutional custody partner in EOS Network’s advanced custody and CeDeFi offering.　　Timing Coincides With Bitcoins Biggest Rally in Three Years　　The withdrawal landed

08-25Industry

Zcash pulls back from eight year high after Grayscale files for ETF

Zcash has made a retreat from an eight-year high on Monday, as it has shed part of the rally that saw the privacy coin go up by over 55% in days after Grayscale moved to convert its Zcash Trust into a US spot exchange-traded fund. 　　Zcash (ZEC) rose to over $880 on August 23 before easing. The figures it hit in the past few days are the strongest level it has attained since 2018.　　Before it started dropping, the gains it had made over the week were around 66%. However, it is currently trading around $814. The token has a market cap of over $13.7 billion and sits at number 11 on Coinmarketcaps list of tokens ranked by market value.　　While the recent rally is still a far cry from the all-time high of $5,941.80 that the token hit in October 2016, trading is not as thin as it was then.　　Discover more　　Selecting Enterprise Cloud Computing Platforms　　News　　FINANCE　　Roughly a year ago, ZEC was trading around $40, and it has come a long way since then, having risen by over 1,805%.　　Why a privacy-coin ETF would break new ground　　The move that lit the fuse was Grayscales amended registration statement with the Securities and Exchange Commission (SEC).　　The

08-25Industry

Main Street Sports sues Comcast, Charter for underpaid licensing fees

A detailed view of a hand holding a Fanduel Sports Network branded microphone during an interview after the Detroit Pistons defeated the Boston Celtics at Little Caesars Arena on February 26, 2025 in Detroit, Michigan.　　Nic Antaya | Getty Images　　Main Street Sports, the now-defunct owner of a portfolio of regional sports networks, is suing cable companies Comcast and Charter Communications in separate lawsuits for what it alleges are underpaid licensing fees.　　The company that began its winddown earlier this year is alleging that Comcast and Charter — the two largest pay TV providers in the U.S. — breached their contracts and underpaid Main Street in the earlier part of 2026 when its networks were still delivering NBA and NHL games to local markets across the country, according to the lawsuits, which were seen by CNBC.　　The suits were filed in Delaware Superior Court on Monday. Representatives for Comcast and Charter didnt immediately respond to requests for comment.　　Main Street, the entity that originated as Fox Sports networks, has been through a series of owners since 2019, as well as several name changes. The company emerged from bankruptcy protection in early 2025, when its channels took on the name of FanDuel Sports Network. It had

08-25Industry

Elon Musk Praises New SpaceX and NVIDIA Partnership, Yet Both Stocks Fall

Elon Musk celebrated a new partnership between SpaceX and NVIDIA on Monday, confirming plans to launch an optimized Vera Rubin system into orbit as early as 2027.　　Despite his enthusiasm, both companies stocks fell on the day of the announcement.　　What Elon Musk Confirmed About the Deal　　NVIDIA announced that SpaceXAI will deploy its new Vera CPU to power the next generation of agentic AI workloads, extending the chipmakers architecture from Earth-based data centers into orbital computing infrastructure. Musk responded directly on X.　　SpaceX, in partnership with Nvidia, has designed a space-optimized Vera Rubin NVL72 system for launch to orbit in Q4 next year, with significant scale in 2028 　　He described Vera as the first CPU built for agents, saying it would accelerate the orchestration, code execution, and data processing that keep SpaceXs AI agents acting fast.　　Discover more　　exchange-traded funds　　Currencies & Foreign Exchange　　Exchange Traded Funds　　“Our design is significantly simpler, lower cost, denser and lighter than a traditional rack,” Musk said on X.　　Vera itself packs 88 NVIDIA-designed Olympus cores and up to 1.2 TB/s of memory bandwidth, claiming task completion times up to 1.8 times faster than comparable x86 processors.　　SpaceXAI will pair the chip with NVIDIAs broader Vera Rubin platform to scale infrastructure behind Grok toward

08-25Industry

Coinbase-Backed Group Endorses 32 Crypto-Friendly US

Stand With Crypto has endorsed 32 congressional incumbents for Novembers US midterm elections, backing lawmakers who supported crypto legislation as the CLARITY Act faces hurdles in the Senate.　　As first reported by Reuters, the Coinbase-backed group is targeting members who voted for the bill in the House last year. The endorsements aim to help return those lawmakers to Congress as senators debate rules for digital assets.　　Crypto Group Expands Election Push　　Stand With Crypto Executive Director Mason Lynaugh said the group has expanded since its 2024 campaign, when it sought to show that crypto voters could influence elections.　　Related: Stablecoin Supply Hits $303B — But Is Crypto Liquidity Actually Reaching Traders？　　“In 2024 we were very much proving that the crypto voter is real. In 2026 were very much showing that we have the organizing capacity and that our advocates are a true voting bloc that can move the needle,” Lynaugh said.　　The group says it has more than three million registered US advocates. Its latest endorsements include Republicans Tom Emmer and Bill Huizenga.　　CLARITY Act Faces Senate Pressure　　The Senate is scheduled to hold a procedural vote on the CLARITY Act on Sept. 15, but the bill lacks the 60 votes needed to advance.　　Crypto companies and industry

08-25Industry

James Lew, Actor And Stuntman On 3 John Carpenter Films, Dies At 73

LOS ANGELES, CA – SEPTEMBER 10: Stunt coordinator James Lew poses in the press room with the award for outstanding stunt coordination for a drama series, limited series or movie for “Luke Cage” at the 2017 Creative Arts Emmy Awards at Microsoft Theater on September 10, 2017 in Los Angeles, California. (Photo by David Livingston/Getty Images)　　Getty Images　　James Lew, a prolific actor and stuntman whose credits include stunts on director John Carpenter‘s classics Big Trouble in Little China, They Live and Escape from L.A., as well as Christopher Nolan’s Inception, has died.　　Lew‘s wife, Jordana, announced her husband’s death on Instagram on Monday, writing, “Honey I imagine you walking the beach with Dudley, sparring with Bruce Lee and finally getting to hug your Dad again. James MF Lew you are loved and will be deeply missed. Rest in peace.”　　Lews cause of death was not given. He was 73.　　ForbesActress Shelley Fabares, ‘Coach’ And ‘The Donna Reed Show’ Star, Dies At 82By Tim Lammers　　Discover more　　Brokerages & Day Trading　　Engineering & Technology　　Merchant Services & Payment Systems　　According to Lews IMDb profile, Lew had 182 credits as an actor and 152 credits for his stunt work. He won a Primetime Emmy Award in 2017 for Outstanding Stunt Coordination

08-25Industry

Super League secures $2.3M through first ATM offering

Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanets U.S. Bitcoin treasury platform.　　SummarySuper League sold 475,598 shares for approximately $2.23 million in gross proceeds.The company has opened another $2.27 million of capacity under the ATM program.Metaplanet plans to contribute 2,100 BTC and $2.5 million to the company.Super League is expected to become Superplanet after the transaction closes.　　According to an Aug. 21 prospectus amendment filed with the U.S. Securities and Exchange Commission, Super League sold 475,598 common shares for gross proceeds of approximately $2.23 million under an agreement signed three days earlier.　　The filing did not disclose the average selling price for the shares or the net proceeds after commissions and other offering costs. Dividing the reported gross proceeds by the number of shares sold gives an average of roughly $4.69 per share, although the individual sales may have occurred at different prices.　　With the first allocation completed, Super League amended the offering to make up to another $2.27 million of common stock available for sale. The added amount is new capacity rather than completed financing, leaving the company able to raise approximately $4.5 million in

08-25Industry

Doug Ford Doubles Down On Telling Trump: ‘Kiss My A–’

Topline　　Ontario Premier Doug Ford blasted President Donald Trump in a searing press conference Monday, calling him a “bully” and “dictator” as the U.S. and Canada exchange increasingly stark blows amid a trade war that has resulted in tit-for-tat tariffs.　　Ontario Premier Doug Ford speaks during a press conference at Canadas Premiers Conference in Toronto, Ontario, December 16, 2024.　　Photo by Geoff Robins / AFP) (Photo by GEOFF ROBINS/AFP via Getty Images　　Key Facts　　Ford told reporters Monday that Trump is a “bully” and “dictator” who he would not “take any advice off,” referring to the president as the “king of bankruptcies,” a jab at the six business bankruptcies Trumps casinos and hotels filed for in the 1990s and 2000s.　　When asked about a comment he made on the radio Monday morning in which he told Trump, “Kiss my a–,” Ford doubled down during the press conference, adding, “I have a lot of real estate on my a–, so he has a lot of room to kiss my a–.”　　Discover more　　Merchant Services & Payment Systems　　Currencies & Foreign Exchange　　News　　Ford said Trump is underestimating Canada, which is “all in” on an “economic war,” and said, We need to throw everything and the kitchen sink at them.　　Fords comments came after

08-25Industry

CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets

A judge stayed the CFTCs civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying to weigh in on the criminal case.　　Gannon Ken Van Dyke, a soldier who allegedly made more than $400,000 using nonpublic information to trade event contracts on prediction market platform Polymarket, is pushing back against attempts by the US Commodity Futures Trading Commission (CFTC) to weigh in on his criminal case.　　In a Monday filing in the US District Court for the Southern District of New York, Van Dyke‘s lawyers opposed the CFTC’s efforts to file an amicus brief relating to claims in his case. The letter referred to the commodities regulator‘s counsel filing a notice requesting permission from the court to provide its views on many of Van Dyke’s defense claims, including that event contracts on platforms like Polymarket were not “swaps” under the purview of the CFTC.　　“The CFTC is no sheep ‘friend of the Court’ here,” said defense attorneys. “It is a regulatory wolf, with its own case against Mr. Van Dyke that it refuses to pursue itself. Rather, like a true coursing predator, the CTFC seeks to advance its own interests through the back door

08-25Industry

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