ElizaOS Token Collapses 97%, Founder Declares Project Dead and Urges Holders to Sell

·38 views

Eliza Labs founder Shaw Walters has publicly declared the ELIZAOS project dead, advising token holders to sell their holdings. The token, which replaced the earlier AI16Z token following a lawsuit and rebranding, has crashed approximately 97% from its peak value. At its height, the project commanded a market valuation of around $2.4 billion. Walters also confirmed that the ELIZAOS foundation is shutting down entirely. The collapse marks a dramatic end to one of the more prominent AI-focused crypto projects in recent memory.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Traders to Gain Ability to Bet on Coinbase, Robinhood and Marathon Hitting Targets

A new trading product will soon let investors wager on whether Coinbase, Robinhood and Marathon Digital reach their stated goals. The source material provided is limited, offering only a brief date-stamped preview header with no detailed description of the product's mechanics or launch timeline. Further specifics about the targets involved, the platform offering the bets, and regulatory considerations were not included in the text. The announcement reflects growing interest in event-based and prediction-style financial products tied to crypto-related companies. Additional details are needed to fully report on the offering's scope and potential impact.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Circle Plans Expansion Into 40 New Markets as Stablecoin Demand Rises

Stablecoin issuer Circle is targeting 40 new markets, according to comments its CEO, Jeremy Allaire, made to Reuters. Allaire said demand for digital dollars is growing across Asia, Africa, and Latin America. The growth is being driven in part by banks and payment firms. The report frames the expansion as a response to rising global interest in stablecoins.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Nine Crypto Firms Form Quantum Alliance Over Threat to 6.4 Million Bitcoin

Nine cryptocurrency companies have launched the Quantum Alliance to prepare collectively for potential attacks from quantum computers. The group is concerned about roughly 6.4 million bitcoin that could be exposed to such a threat. Members do not agree on how soon quantum attacks could become a reality. They are also divided on whether vulnerable bitcoin holdings should be frozen as a precaution.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Tokenized Tesla Trading Spikes After Musk's Flying Roadster Prototype Demo

Trading volume in Hyperliquid's tokenized Tesla contract reached $47 million within one hour following a demonstration of a flying Roadster prototype by Elon Musk. That figure marks a sharp increase from roughly $2.8 million in the period before the demo. The activity occurred while U.S. stock markets were closed, when traders relied on the on-chain instrument. The surge highlights strong investor interest in Tesla-linked exposure outside traditional trading hours.

0 comments Read more at CoinDesk