Elon Musk Resells X to His Own Company, USDC Files for IPO.

Tech & Finance News Digest: Key Developments Reshaping Digital Economies

Musk’s xAI Acquires X Platform in Landmark $80B Stock Deal
- Elon Musk’s AI startup xAI has absorbed social media platform X in a strategic consolidation
- Valuation highlights: xAI at $80 B, X a t$ 33B (including $12B debt)
Japan Set to Classify Cryptos as Financial Instruments
- New regulatory framework will introduce:
  - Formal financial asset status
  - Insider trading restrictions
  - Enhanced investor protections
U.S. Rejects Dogecoin Adoption
- Elon Musk confirms no government plans to implement DOGE
- Statement issued through Department of Government Efficiency (DOGE)
Australia Cracks Down on Crypto ATMs
- AUSTRAC enforcement actions target:
  - AML/CTF compliance failures
  - Unlicensed operators
  - Suspicious transaction reporting
OpenAI Achieves $300B Valuation
- $40B funding round cements position as:
  - Top 3 most valuable private company
  - Peer to SpaceX and ByteDance
- Demonstrates soaring AI sector valuations
OnlyFans Founder Bids for TikTok
- Zoop (Tim Stokely) partners with HBAR Foundation
- Hedera blockchain-backed acquisition offer submitted to ByteDance
Circle Files for IPO
- USDC stablecoin issuer begins SEC registration
- Move signals growing institutionalization of crypto markets
Trump Tariff Proposal Sparks AI Parallels
- 10% base import tariff announcement
- X users note similarity to ChatGPT-generated suggestions

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