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OpenAI has filed a lawsuit against Elon Musk, accusing the billionaire tech figure of attempting to sabotage the AI company through a pattern of disruption through what it calls a pattern of disruption – including an allegedly fraudulent acquisition proposal reportedly worth $97.375 billion. The suit, filed in a California district court, seeks financial damages and orders (injunctive relief) intended to stop Musk’s alleged interference, claiming Musk’s actions aimed to harm OpenAI while benefiting his rival firm, xAI. The legal filing claims Musk first tried to gain control of OpenAI after unsuccessfully pushing for it to shift from its original nonprofit structure to a for-profit model with himself installed as CEO and majority shareholder. OpenAI alleges that internal emails, presented as evidence , show Musk proposing to take complete ownership in return for funding – an offer OpenAI declined. The lawsuit goes on to assert that Musk later used public platforms and legal pressure to interfere with the company’s operations and partnerships. “Musk has tried every tool available to harm OpenAI,” the complaint states, citing press statements, legal claims, and social media posts shared on X . OpenAI claims his actions disrupted OpenAI’s relationships with current and potential investors, increasing operational burdens and raising employee concerns about possible instability. Related: OpenAI Now Worth $300 Billion After Massive $40B Funding Round OpenAI’s legal team argues that Musk’s $97.375 billion offer to buy the company was never genuine. According to the complaint, Musk provided no clear funding source behind the proposal, and the massive figure appeared disconnected from any standard business rationale. The company even suggests, without naming it, that the number referenced Musk’s preferred science fiction series. Related: Sam Altman’s $9.74B Twitter Offer To Elon Musk’s $97.4B OpenAI Bid The complaint further claims that Musk’s actions were “intentionally designed” to interfere with OpenAI’s business and limit its ability to compete in the AI sector. The filing suggests that Musk sought to secure an advantage for his company, xAI, by undermining OpenAI’s credibility and stability. This legal action by OpenAI comes after Musk sued the organization himself back in March. Musk’s suit alleged OpenAI violated what he claimed was a “Founding Agreement” by abandoning its non-profit mission and failing to make its technologies open source. OpenAI countered then that no such binding founding agreement existed in the way Musk described, and produced emails allegedly showing Musk was aware of and even supportive of the planned shift towards a for-profit structure. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Popular asset manager 21Shares has made history by launching Europe’s first Dogecoin (DOGE) Exchange-Traded Product (ETP). 21Shares collaborated with the House of Doge to create the only DOGE ETP endorsed by the Dogecoin Foundation. According to the announcement , the 21Shares Dogecoin ETP with the DOGE ticker is scheduled to go live on Europe’s SIX Swiss exchange. The product is backed physically 100%, providing investors with a sure way to gain exposure to Dogecoin through traditional financial channels. Additionally, 21Shares will charge investors a 2.5% management fee. The new DOGE ETP will empower new types of investors to participate in the Dogecoin ecosystem. Therefore, the product will help to reinforce Dogecoin’s role as a leader in the future of digital assets. Advisory Board Member at House of Doge Jens Wiechers said institutional support and corporate partnerships are essential for Dogecoin to reach its full potential as a global currency. He added that 21Shares DOGE ETP provides a regulated path for institutions to participate in the ‘Dogecoin is Money’ vision. “Global adoption is critical, and we’re excited to take this next step – ensuring Dogecoin stays fun, but gains the credibility and backing needed to thrive at scale,” he concluded. Dogecoin launched in 2013 as a light-hearted alternative to Bitcoin. However, it has become one of the most widely recognized and accessible cryptocurrencies. The memecoin is known for its low fees, fast transaction speeds, and increasing merchant adoption. Leading brands like Microsoft and AMC Theatres already accept Dogecoin as a payment method. In a recent study, we reported , Cardano Founder Charles Hoskinson proposed that Elon Musk integrate Dogecoin on social media X, formerly Twitter. Hoskinson mentioned that an old Bitcoin 2 roadmap he had written years ago could form the base for DOGE’s inclusion on X. Besides its technical advantages, Dogecoin has built a highly engaged and socially impactful community. Supporters of the memecoin have also helped to drive initiatives ranging from charitable fundraising to financial accessibility efforts. Meanwhile, talks about a potential Dogecoin Exchange-Traded Fund (ETF) approval are growing in the crypto market. As previously mentioned in our report, this follows filings from asset managers like Bitwise, Rex Shares, and Osprey Funds. Bloomberg Senior ETF Analysts Eric Balchunas and James Seyffart have predicted that the SEC will likely recognize these filings. With a pro-crypto administration under Donald Trump, market participants are optimistic about a possible DOGE ETF launch this year. Furthermore, the launch of the first XRP ETF in the US has sparked expectations for a DOGE ETF soon. However, the price of DOGE has yet to reflect the excitement about the ETP launch. DOGE’s price is currently trading at $0.145, down 3.35% from the previous day.

Tariffs Trigger Billionaire Losses as 2025 Wealth Decline Accelerates The latest billionaire rankings reveal a significant erosion of wealth among the world’s richest individuals. Elon Musk has seen a staggering $130 billion drop in net worth, Jeff Bezos is down by $45.2 billion, and Mark Zuckerberg has lost $28.1 billion in 2025 alone. The notable exception is Warren Buffett, whose fortune has grown by $12.7 billion during the same period. Amid rising global tensions, critics have pointed to recent tariff policies as a form of economic self-sabotage. A widely circulated satirical image captures this sentiment, highlighting the unintended consequences of these decisions. Investor confidence has clearly been shaken, with market sentiment reflecting increased concern over the broader economic impact of escalating trade measures.

Here’s a concise, well-rounded rundown of the altcoin landscape as of April 9, 2025, tailored for your article “Altcoins Surge: Which Tokens to Watch?” I’ll focus on tokens showing momentum, market relevance, and potential catalysts—perfect for grabbing your readers’ attention. Let’s dive in. The crypto market is buzzing after President Trump’s April 9 announcement of a 90-day tariff pause for most countries (except China, which got slapped with a 125% tariff hike). This pivot sparked a massive rally—Dow up 3,000 points, S&P 500 gaining 7-8%, and Nasdaq soaring 12% in a day. Bitcoin climbed above $87,000, and altcoins are riding the wave as investors hunt for high-upside plays. With tariff fears easing (outside China), risk appetite is back, and altcoins are primed for a surge. Here are the tokens to watch: 1 Solana ($SOL ) - Trading above $180, Solana’s speed (1,504 transactions per second) and low fees make it a darling for DeFi and NFT projects. It’s up 85% in 2024, mirroring Bitcoin’s bullish trend, and its ecosystem is expanding with meme coins like Dogwifhat (WIF) and Bonk (BONK). Analysts see it hitting $200 soon, with room to grow if tariff stability boosts global adoption. 2 Ethereum ($ETH ) - The DeFi and dApp king, Ethereum’s price has matured alongside its proof治贷 proof-of-stake shift in 2022. With ETF approvals in 2024, it’s more accessible than ever. At around $3,000, it’s a blue-chip altcoin with staying power—watch for a push toward $4,000 if market sentiment stays hot. 3 Binance Coin ($BNB ) - At $569, BNB is 25% from its all-time high of $793. Backed by Binance’s ecosystem, it thrives on low-cost transactions and token burns. A bullish market could see it test that $741 resistance again—potentially breaking through if altcoin fever kicks in. 4 XRP ($XRP )- Post-Trump’s election, XRP spiked 400% to $2.19, fueled by hopes of a crypto-friendly SEC. Its role in cross-border payments is expanding (e.g., UAE markets), and analysts like Credible Crypto predict a wild 1,295% surge to $20-$30. Volatility’s high, but so’s the upside. 5 Dogecoin ($DOGE ) - The meme coin pioneer sits at $0.19, down from its $0.73 peak but up 341% in network usage over the past year. Elon Musk’s influence and growing payment adoption (e.g., tipping) keep it relevant. A community-driven rally could push it past $0.21 soon. 6 Sui ($SUI ) - Trading near $3 after a 160% rally earlier this year, Sui’s high-performance blockchain is catching eyes. Expert Raoul Pal flags its breakout potential against Solana—risky but with big reward if it holds above $3.33. 7 Render Token (RNDR$) - At around $10, this GPU-rental network taps AI and media rendering demand (think Westworld titles). With prices 80-85% off highs, it’s a sleeper hit for a 10x run if AI hype resurges. Why Now? The tariff pause signals economic relief, boosting risk-on assets like altcoins. Bitcoin’s rebound from $17,000 in 2023 to $87,000-plus sets the stage for an altcoin season, especially if dominance dips below 50%. Meme coins (e.g., WIF, SHIB) could explode short-term, but utility-driven tokens like Solana, XRP, and Sui offer staying power. Watch low-cap gems like Dawgz AI ($0.004, $3.1M presale) or HashAI for 100x potential—though they’re high-risk. The Catch: Volatility’s the name of the game. A Bitcoin correction could drag altcoins down harder, and China’s 84% retaliatory tariff might spook markets if tensions escalate. Still, with RSI levels hinting at oversold conditions (e.g., DOGE at 34.39), a rebound feels imminent. Pick your shots—blue-chips for safety, micro-caps for moonshots.

JUST IN: Elon Musk's Tesla $TSLA rises 20% following Trump's tariff pause.