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According to official announcements, Coinbase will launch BILL (Bills) spot trading. If liquidity conditions are met, BILL-USD trading pairs will be opened in regions that support trading later today.

The crypto exchange claims client funds were misused, commingled and concealed in a “Ponzi-like” scheme that unraveled amid a liquidity crisis. What to know : Kraken claims more than $25 million in customer funds were misappropriated. The lawsuit accuses Etana Custody of commingling assets and masking losses with new deposits. Etana CEO Dion Russell allegedly directed misconduct and concealed shortfalls.

According to informed sources, OpenAI has raised over $4 billion to establish a joint venture called The Deployment Company, focusing on the deployment of enterprise artificial intelligence software. The company is valued at $10 billion and has received support from 19 investors including TPG Inc., Brookfield Asset Management, Advent, and Bain Capital. It will be controlled and controlled by OpenAI.

[Applied Digital Secures $300 Million Financing Led by Goldman Sachs] According to Globenewswire, Applied Digital has secured $300 million in senior secured bridge financing led by Goldman Sachs to advance the construction of AI data center projects. This financing is collateralized by project assets, can be repaid early at any time without penalties, and the company will seek additional long-term financing in the future to support the development and construction of AI data centers.