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Fake BlackRock XRP ETF triggers rally, SEC delays decision, Elon Musk loses advertisers, sustained institutional adoption | Weekly Recap

This week, the crypto community erupted when a fake BlackRock XRP ETF filing surfaced; regulators are still indecisive on ETF filings; Elon Musk’s “thermonuclear” lawsuit earns praise from InputOutput; and institutional adoption remains sustained . Fake BlackRock XRP ETF filing The XRP community was thrown into excitement when a filing for a BlackRock iShares XRP Trust made its way to the Delaware ICIS on Nov. 13. The discovery triggered an XRP rally to $0.73. However, the asset was dumped immediately when several industry commentators such as Bloomberg ETF analyst Eric Balchunas confirmed that the filing was fake. Shortly after reports of the fake filing surfaced, the Delaware State Department reported the case to the state’s Department of Justice (DoJ). SEC postpones decision on ETF filings The SEC once again postponed making a decision on crypto-focused ETF filings. The securities regulator deferred its decision on Hashdex’s application for a spot ...

OpenAI Not a Non-Profit Organization Anymore: Elon Musk

Without a doubt, Artificial Intelligence is a hot topic of discussion at the moment. OpenAI and ChatGPT in particular have caught significant attention. The emergence of this technology has scared certain people about its potential. Tesla CEO Elon Musk even suggested that AI is one of the “biggest risks to civilization”. However, he was hit with immense backlash as he co-founded OpenAI . Now, addressing the same, he noted that OpenAI which started out as a non-profit isn’t the same anymore. JUST IN: Elon Musk says OpenAI changed from a non-profit open-source organization to a maximum-profit company now controlled by Microsoft. — Watcher.Guru (@WatcherGuru) February 17, 2023 Responding to a recent tweet, Musk highlighted the latest partnership between OpenAI and Microsoft. He accused the AI platform of transitioning into a closed-source firm that is looking to garner maximum profit. He tweeted, “ OpenAI was created as an open source (whic...