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Crypto Morning Briefing: Mysten Labs Buys Back Stake From FTX for $96 Million

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Breaking: Elon Musk Plans To Take On Google’s Bard & ChatGPT With New AI Startup

According to a recent report published by the Financial Times on Friday, billionaire CEO Elon Musk is currently working on the formation of an Artificial Intelligence (AI) startup that will compete with the likes of ChatGPT-maker OpenAI, Google’s Bard and Amazon’s Bedrock.

Mysten Labs Buys Back Stake From FTX for $96 Million

Mysten Labs, creator of the Layer 1 blockchain Sui, has repurchased an equity stake bought by FTX less than a year ago.

Metamask User Data From 18 Months Compromised

In yet another cause of concern for the crypto community, ConsenSys, the parent company of cryptocurrency wallet MetaMask, said there was a cybersecurity breach of user data. However, the company said the MetaMask browser extension and its mobile app are safe. The cryptocurrency wallet actually does not store user data as the software is non-custodial. However, the data breach occured at the end of one of its third party service providers, the company said on Friday.

SEC Poised To Increase Its Scrutiny of Decentralized Finance Exchanges

The U.S. Securities and Exchange Commission is set to remove any doubt that they plan to police decentralized finance.

OKX Wallet and Galxe Have Announced an Official Partnership

OKX Wallet and Galxe have announced an official partnership, allowing users to connect their OKX wallet web extension to set up and complete reward-based loyalty programs.

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $30,313.90 USD, dropped by 0.13% in the last 24 hours;

ETH’s live price is $2,087.52 USD, jumped by 3.73% in the last 24 hours;

BNB’s live price is $329.08 USD, jumped by 1.35% in the last 24 hours;

XRP's live price is $0.52 USD, jumped by 1.98% in the last 24 hours.

Fundraising News

Bitcoin Bitcoin $64,295.60
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