Author: Anmol Khatiwada

xAI Secures $6 Billion in Funding to Revolutionize AI Development


Elon Musk’s xAI secured $6 billion in funding to advance its Grok chatbot and supercomputer, aiming to rival OpenAI while prioritizing safe AI development backed by major investors and tech giants.

So, who’s betting on xAI? Heavyweights like BlackRock, Fidelity, and Sequoia Capital, plus some serious backing from chip giants NVIDIA and AMD. Even investment funds from Saudi Arabia and Qatar are in on the action.

One of xAI’s standout creations is the Grok chatbot, already making waves on Elon’s social media platform, X. The chatbot runs on what Musk calls the world’s largest supercomputer, set up in Memphis. It’s designed to handle the heavy-duty computing needed for next-gen AI tech, and it’s already live for X subscribers.

For your information, Musk co-founded OpenAI but parted ways with Sam Altman and the team in 2018 due to creative disagreements. Even though he has been outspoken about the risks of AI, he maintains that he is developing xAI to make AI safer for people.

The bottom line? With $6 billion under its belt, xAI is ready to take the AI industry by storm. This is only the beginning, so stay tuned!

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Pi Network Restores Password Recovery Option for Users

Pi Network’s new SMS recovery feature helps users reset passwords, secure accounts, and protect Pi coins before the Grace Period ends.

Hey Pioneers! Pi Network just dropped a game-changer by bringing back the “Forgot Password” feature. Now you can easily recover your account via SMS and protect your precious Pi coins.

Here’s how it works:

  1. Open the Pi Network app on your phone.
  2. Tap “Forgot Password” on the login screen.
  3. Enter the phone number linked to your Pi account.
  4. Check your phone for an SMS verification code and enter it.
  5. Set a new password, and voilà—you’re back in!

This update couldn’t have come at a better time. With the Grace Period deadline looming, it’s crunch time to secure your account. Forgetting your password doesn’t mean you lose your Pi anymore. Pi Network is making sure you don’t miss out by letting you easily recover access and safeguard your coins.

Why’s this so big? In crypto, losing access to your account is a nightmare. But Pi Network’s move shows they’ve got your back, making security and user-friendliness a priority.

Don’t sleep on this! Recover your account now and secure your Pi before the Grace Period ends. Pi Network’s keeping it real as it preps for the Open Mainnet phase—don’t get left behind!

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Fartcoin Soars 50% in a Day, Reaching $1.11 Milestone

Fartcoin has surged 50% in 24 hours, reaching $1.13 and attracting massive trading volume, with Binance offering 75x leverage, sparking interest despite the risks of meme coins.

Fartcoin’s back and bigger than ever! In the last 24 hours, the meme coin shot up 50%, hitting a high of $1.13 before settling at $1.10. With over $220 million in trading volume, it’s clear that Fartcoin’s got some serious hype going on.

The token’s market cap is now above $1 billion, and crypto traders are all over it. What’s making it even more awesome is that Binance has jumped in, adding it to its perpetual markets with a crazy 75x leverage. This is drawing in both retail traders looking for quick gains and institutional investors looking to take bigger risks.

It’s not just centralized exchanges that are buzzing. Fartcoin’s also making a splash on decentralized exchanges, with 26% of its trading volume still coming from Raydium and 23% from Meteora.

Critics are warning about the wild volatility and risk of meme coins, but Fartcoin’s massive trading volume and growing adoption across different platforms show it’s not slowing down anytime soon. Whether it’s a quick pump or the start of something bigger, Fartcoin’s got all eyes on it—and crypto traders are definitely paying attention. Stay tuned for the next move!

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WazirX Token (WRX) Plummets 90% in Just 10 Days

WRX tanked 90% in 10 days, hitting $0.0144 after Binance announced its delisting on Dec 18, causing a 40% drop in just an hour. It’s bouncing back slightly, up 53% in 24 hours, but still down 88% for the week. WazirX now faces serious challenges in a shaky market.

WazirX’s WRX token is having a rough time, crashing 90% in just 10 days. On December 25, it hit a critical low of $0.0144, leaving investors wondering if it could make a comeback. While WRX has seen a slight rebound, jumping 53.46% in the last 24 hours to $0.01873, it’s still down a staggering 88.08% for the week.

The chaos started on 18th of this month when Binance dropped the bombshell news of delisting WRX. Within an hour, the token nosedived 40% which came as a surprise to the WazirX community and left many scrambling. The delisting was yet another hit for WazirX, which has been struggling to maintain stability in the volatile crypto market.

Now, all eyes are on WRX to see if it can recover or if it’s heading for deeper losses. The Indian crypto exchange is facing a tough battle, trying to regain investor confidence while navigating a shaky market.

Currently the token’s fate hangs in the balance, and its ability to stabilize will determine if this is a temporary setback or the beginning of the end for WRX. Investors are keeping their fingers crossed for a turnaround.

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Russia Leverages Bitcoin for Trade Amid Western Sanctions

Russia’s flipping sanctions with Bitcoin, using its mining power for global trade while calling out the U.S. dollar’s politics and doubling down on crypto despite local mining bans.

Russia’s taking a bold leap, using Bitcoin and other cryptos to dodge Western sanctions and keep trade alive. Finance boss Anton Siluanov spilled the tea on TV, saying new laws now let Russia roll with crypto for foreign deals.

The problem? Sanctions shook up trade with major partners like China and Turkey, with banks scared of Western heat. But Russia’s not sweating it—they’re flexing their crypto mining game hard. As one of the world’s top Bitcoin miners, they’re turning mined BTC into international trade currency, with plans to scale up next year.

Siluanov’s hyped about crypto’s potential to flip the script on global payments, and even Putin’s chiming in. He’s calling out the U.S. for using the dollar like a political weapon, which he says is pushing nations toward decentralized options like Bitcoin.

But it’s not all smooth sailing. Russia just banned Bitcoin mining in 10 regions until 2031 to handle energy issues. Still, they’re staying dominant in the crypto space, balancing mining regs with new trade policies. The move’s all about surviving sanctions and finding financial freedom while the West watches closely.

Basically, Russia’s playing a whole new game with Bitcoin, making waves in global trade..

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North Korean Hackers Lose $458K in Failed ETH Trade

North Korean hackers lost nearly $458K in just 48 hours while trading on Hyperliquid, betting on Ethereum’s price rise. They deposited $476K but got wiped out when ETH dropped. This big loss shows how risky crypto can be, even for experienced hackers, and highlights DeFi’s potential for shady trades.



North Korea’s cyber group just got burned big time—losing almost half a million dollars on a risky Ethereum (ETH) trade. They deposited $476,489 on Hyperliquid, a decentralized exchange, betting ETH would rise when it was priced at $3,791.8. But the market flipped, and ETH dropped to $3,251.8, causing their position to get liquidated, leaving them with only $18,187.

This loss highlights the risky side of crypto, even for skilled hackers like North Korea’s Lazarus group, famous for cyberattacks and stealing funds from crypto platforms. Normally, they use these stolen funds to get around international sanctions, but this time, their bet backfired hard.

Hyperliquid, which allows ultra-fast and anonymous trades, is a decentralized exchange, and its involvement raises concerns about how DeFi platforms handle large and potentially suspicious trades. With platforms like these growing, there’s an increasing risk of illegal activities, like money laundering, slipping through the cracks.

Despite the loss, ETH is showing signs of recovery, and it’s a reminder that crypto trading is unpredictable, with both huge rewards and massive risks—even for hackers with years of experience. Let’s see if they learn from this, or go even harder next time.

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PENGU Token Skyrockets 562% in a Week, Reaches $0.033 Milestone

PENGU token is popping off, skyrocketing 562% in a week to hit $0.0331! With Bithumb listing it and a $2B market cap, the hype is real. Plus, Bithumb’s doing an airdrop of 88M tokens for PENGU traders. Solana blockchain only, so get your wallets ready!

PENGU token is making major waves in the crypto scene. It jumped a jaw-dropping 562% in a week which has now made it to $0.0331. Over the last 24 hours, it’s up another 18%, and everyone’s talking about it. With a $2B market cap and trading volume soaring 113% to $777.36M, PENGU is on fire.

What’s behind the hype? South Korea’s top crypto exchange, Bithumb, just listed PENGU in its KRW market on December this year. Starting at 43.89 Korean won, the listing is already driving massive interest. But here’s the catch—trades and transfers are only available via the Solana network.

Wait, there’s more! Bithumb is also dropping an epic airdrop. If you trade PENGU on their platform by Dec. 25 (11:59 PM KST), you’re eligible to score a share of 88,888,888 tokens on Jan. 9, 2024. It’s a move that’s got traders buzzing.

PENGU’s meteoric rise is proof that the community’s confidence and some major exchange love can take a token to the moon. If you’re into Solana and looking for a hot new token, PENGU might just be your next move. Don’t sleep on it!

Also Read: Hyperliquid Hit by $250M Outflow Amid North Korea Hacking Allegations

Hyperliquid Hit by $250M Outflow Amid North Korea Hacking Allegations

Hyperliquid got rocked with $250M+ outflows after a researcher warned North Korean hackers might be testing their platform. Even though Hyperliquid denied any breaches, users panicked, and their token HYPE tanked 20%. Now they’re in damage control mode, trying to rebuild trust and chill the chaos.



Crypto derivatives platform Hyperliquid is in the hot seat after $250M+ in net outflows hit them hard, following claims that North Korean hackers might be lurking. Metamask security researcher Tay Monahan called out the issue on Dec. 23 via X (formerly Twitter), saying hackers tied to North Korea’s DPRK have been poking around since October—not to trade but to sniff out weaknesses.

Monahan’s warning sent shockwaves through the community, with users pulling their funds like there’s no tomorrow. Net outflows hit a record $502.7M that day, even with $253.5M in inflows, according to Dune Analytics.

Hyperliquid clapped back on Discord, saying all funds are secure and there’s been no breach involving DPRK. But the damage was already done. Their token, nosedived 20% resulting in drop to $28 .
The crypto fam is divided—some say Monahan caused unnecessary panic, while others respect her hustle for flagging a potential threat. With North Korea’s infamous Lazarus Group linked to big crypto heists, this isn’t something to shrug off.

Now, Hyperliquid’s next moves will make or break user trust as they fight to bounce back and calm the chaos.

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VanEck Claims Bitcoin Reserve Could Erase $42 Trillion in U.S. Debt

VanEck predicts the U.S. could cut its national debt by 36% after just about twenty years if they adopt Bitcoin as a strategic reserve. If Bitcoin appreciates 25% yearly, it could reduce debt by over $42 trillion. The firm also predicts this crypto becoming 18% of global assets, challenging the U.S. dollar, and pushing for policy changes to make this happen.



VanEck, a top asset management firm, has thrown out a wild prediction about Bitcoin. They believe it could be the key to slashing the U.S. national debt. According to them if Bitcoin keeps growing at a 25% annual rate while U.S. debt goes up, Bitcoin could help cut the national debt by about $42 trillion in just a few decades. In addition to it, by the time this happens, Bitcoin could be worth $42 million per coin, making it a global powerhouse in finance.

The firm also believes that Bitcoin could represent a huge chunk—18%—of the world’s financial assets in the future, especially with this global wealth growing ever so fast. This would make Bitcoin a legit contender to challenge the U.S. dollar, offering an alternative for countries that are under U.S. sanctions.

Mathew Sigel, VanEck’s head of research, sees Bitcoin totally changing global finance. He imagines it becoming a major currency for international trade, making it easier for countries to operate without relying on the dollar. To get this going, VanEck suggests that the U.S. stop selling off Bitcoin from its reserves and start using its Exchange Stabilization Fund to buy Bitcoin. While some experts are skeptical, including economist Peter Schiff, who proposes a new U.S. digital currency, Bitcoin’s future as a global currency is definitely being taken seriously.

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Trump Appoints Bo Hines to Lead Crypto Council as Executive Director

Trump just named Bo Hines, ex-college footballer and pro-crypto advocate, as Executive Director of his new Crypto Council. Hines, along with AI czar David Sacks, will drive crypto growth in the U.S. Backed by pro-crypto PACs, this move shows Trump’s big push to make America the crypto capital.

Big moves in the crypto world! Trump just announced Bo Hines—yep, the ex-college football player and 2022 Republican candidate—as the new Executive Director of the Crypto Council. This squad, officially called the Presidential Council of Advisers for Digital Assets, is all about making the U.S. the ultimate crypto hub.

Hines is no rookie in the crypto game. Back in time about two years ago, his campaign got a boost from pro-crypto PACs, including funds tied to FTX’s Ryan Salame (yeah, the dude caught up in that political donations drama). Even though Hines narrowly lost his North Carolina House race, his pro-crypto stance clearly caught Trump’s eye.

He’s teaming up with David Sacks, Trump’s AI and crypto czar, to bring some serious innovation vibes. Sacks is known for making waves in tech, so expect some big brain energy here. Oh, and let’s not forget Sriram Krishnan (ex-Andreessen Horowitz guy) also joined in as the senior AI policy adviser.

Trump’s making it absolutely clear: he’s going all-in on crypto. With promises to turn the U.S. into a global crypto powerhouse, this is just the start of his digital asset domination plans. Buckle up, crypto fam—it’s about to get wild!

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