Happy Valentine’s Day! Or as Elon Musk would say our hearts at 99Bitcoins go out to all of you.
Seriously, we’re living in crazy times!
So, on this special love edition of Feel Good Friday, we talk about Elon Musk’s bid for OpenAI, XRP’s new ETF, and whether marriage is a rug pull.
Elon Musk Checkmates Sam Altman
Sam Altman’s IPO is going to be a trillion dollars, isn’t it? Well, not if Elon Musk has anything to say about it.
Faced with a need for more capital, OpenAI’s leadership is eyeing a structural pivot to obtain funding from Softbank Japan, which currently values the company at a staggering $260 billion.
While nonprofit-to-for-profit flips have precedent, the magnitude of OpenAI’s operations sets it apart. However, the plan was upended when Elon Musk stepped in with a $97.4 billion offer, complicating negotiations and leaving the direction of OpenAI hanging in the balance.
As you can see, these women are signaling to rich AI chads to pick them up for a “thorough discussion of AI technology” if you know what I mean.
Anyway! Millions of users use ChatGPT every day, and its technology so indisputably exists that Elon Musk is willing to go even further into debt by lowballing the company’s value to $100 billion.
Some might say it’s not a lowball offer because it is higher than OpenAI’s internal valuation. Either way, Elon’s hostile bid is screwing Sam Altman over.
Elon Musk Aside, XRP Has Already Won (behind the scenes)
The SEC has acknowledged a groundbreaking XRP ETF application from NYSE and Grayscale, setting a 240-day deadline for a verdict. This filing represents the first instance of the SEC formally acting on an XRP ETF proposal, signaling a potential shift in the agency’s approach to crypto-related ETFs.
Amid XRP’s high-profile legal battle with the SEC, the timing raises questions about how this decision could ripple – ha! Ripple, get it? – through the ETF market and reshape the regulatory landscape for crypto assets.
By filing a 19b-4 form, the SEC has placed an XRP ETF proposal under formal review. Approval, rejection, or further proceedings are all in play, though the acknowledgment itself hints at potential regulatory movement.
XRP’s history with the SEC is deeply fraught. They were in the regulatory graveyard for the entirety of Joe Biden’s presidential administration.
$XRP holders right now. pic.twitter.com/BL8OYrrt4b
— John Squire (@TheCryptoSquire) February 13, 2025
Ripple Labs was sued in 2020 for allegedly selling XRP as an unregistered security. While Ripple gained a partial win in court, the legal dust is far from settled. The SEC actively appeals to parts of the decision, keeping XRP in limbo.
Despite this, analysts see signs of progress. Bloomberg’s James Seyffart and Eric Balchunas peg the odds of XRP ETF approval by 2025 at 65%. “They could have easily rejected this filing. Enormous message [in my opinion],” wrote Balchunas.
Is Marriage a Rugpull?
“What’s the point of marriage?” someone asked me recently. Sure, he was homeless, but he made some good points.
- You can have children without marriage. Literally not needed.
- With high divorce rates, modern “marriage” contracts are the most twisted conception possible.
- No one says not to get together and have families, and they say, “Don’t sign the state contract.
I get what he was saying, but ultimately, I disagree.
Marriage and raising a family can be the best chapter of your life if you do it with the right person.
Yes, marriage in the modern day is probably a scam. However, love is good for the heart, and having kids and a good, loyal partner in these times is a blessing. So with that, have a great Valentine’s Day!
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