Midday Hotspot Overview | August 12

Time Period: 7:00-12:00 | Hotspot Keywords: xAI, Block, ETHZilla

1️⃣ Musk announces that his xAI will file a lawsuit against Apple Inc.

2️⃣ South Korean internet giant Kakao's Kaia platform plans to launch a South Korean won stablecoin.

3️⃣ Ark Invest invests over $19 million to increase its stake in Block stock.

4️⃣ Block plans to launch Bitcoin banking services for small and medium-sized enterprises.

5️⃣ The US spot Ethereum ETF recorded a net inflow of $1.01962 billion yesterday, with significantly increased fund activity.

6️⃣ Metaplanet further increases its Bitcoin holdings, adding 518 coins, with a total value of approximately $61.4 million.

7️⃣ Silicon Valley investor Peter Thiel increases his stake in ETHZilla by 7.5%, continuing to bet on its Ethereum treasury strategy.

8️⃣ FTX investors further file a lawsuit, alleging that the law firm Fenwick & West is one of the main drivers of their fraud case.