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Metaplanet Acquires Additional 775
#Bitcoin
, Bringing Total Holdings to 18,888 BTC.
#Crypto
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“$2.7B Whale Move: Did Bitcoin Just Crash to Fuel Ethereum’s Next Rally?”
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#Ethereum Gaming Platform Xai Takes Elon Musk’s xAI to Court in Trademark Battle. Ex Populus says that confusion between the two brands escalated as Musk expanded his company’s presence. The tension grew further when xAI announced plans in Nov 2024 to launch a gaming studio, a move that put both companies in overlapping sectors. The lawsuit provides examples of mix-ups. Some users on Binance and other crypto platforms mistakenly assumed that Musk’s company and Xai were the same. Several media outlets even used Xai’s official logo while reporting on xAI news. The issue was not limited to logos or headlines. Grok, the AI chatbot developed by Musk’s company, allegedly told users that Xai was part of xAI. Ex Populus argues that such mistakes strengthened the public belief that both entities were connected. Beyond this Ex Populus claims that association with Musk’s firm has damaged its reputation. The lawsuit refers to offensive content generated by Grok, including antisemitic and violent statements, which some users wrongly attributed to Xai. The company stated that this unwanted connection has undermined its credibility within the gaming community. It argues that years of effort spent building trust with users and partners have been eroded, causing “irreparable harm” to its brand value. The lawsuit further alleges that Musk’s legal team attempted to pressure Ex Populus into abandoning its rights. Lawyers for Musk’s company allegedly threatened to challenge or cancel Xai’s trademark registration. The U.S. Patent and Trademark Office (USPTO) has taken a cautious stance. Multiple trademark applications filed by Musk’s xAI have been suspended because of potential conflict with Xai’s earlier registration. This gives weight to Ex Populus’ claim that its rights were established first. Through this lawsuit, Ex Populus is petitioning the court to impose strict measures. It wants Musk’s company barred from using the xAI name in gaming and blockchain contexts. It also seeks the cancellation of pending trademark applications filed by Musk’s team.
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Strategy has acquired an additional 3,081 #Bitcoin for approximately $356.9 million. As of 8/24/2025, Strategy holds 632,457 BTC acquired for approximately $46.50 billion. #CryptoNewsCommunity
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“Game Over for XRP? Analyst Warns Collapse Looms if Key Support Breaks!”
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Hoskinson Unveils New Initiatives to Strengthen $XRP and #Cardano Relationship. Hoskinson confirmed that Cardano’s official light wallet, Lace, will support XRP by the end of this year. In April, he first disclosed plans to integrate XRP into Lace, allowing users to store, send, and receive XRP through the blockchain wallet. However, he did not mention when this support will go live. In his recent AMA, he clarified that the rollout of XRP support on Lace will be completed before the close of 2025. Furthermore, Hoskinson floated the idea of hosting a joint Cardano and XRP event, featuring key community figures like pro-XRP lawyer John Deaton. In response, Deaton said it would be an honor to work with Hoskinson and other prominent figures in the crypto industry. Hoskinson’s joint event is aimed at strengthening the relationship between the XRP and Cardano communities, which were previously strong adversaries between 2022 and early 2024. However, Hoskinson ended the feud last year and announced several joint initiatives, like extending Midnight airdrop benefits to XRP holders. For context, roughly 2.21 million XRP wallets qualify for the Midnight airdrop. Of the total 24 billion NIGHT supply, the Midnight team allocated 2.623 billion tokens to XRP users. Given XRP’s involvement in Midnight, the Cardano founder revealed plans to create a dedicated XRP team within the project, with a potential focus on its commercial aspect. Meanwhile, Hoskinson claimed over 70,000 users across the eight supported blockchains have claimed roughly 1.6 billion NIGHT tokens in the ongoing Scavenger Mine. However, he did not disclose how many NIGHT tokens XRP community members have claimed so far. #Crypto
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