Elon Musk has confirmed his intention to move forward with a lawsuit against ChatGPT creator OpenAI. He also addressed questions about his future as Tesla’s CEO. Speaking virtually at the Qatar Economic Forum in Doha on Tuesday, Musk discussed his ongoing legal disputes, plans for Starlink, and his commitment to maintaining control of Tesla as the company develops humanoid robots. Elon Musk to Sue OpenAI During his virtual appearance at the Qatar Economic Forum in Doha on Tuesday, Elon Musk confirmed his plans to proceed with legal action against ChatGPT creator OpenAI. The billionaire entrepreneur stated plainly that he “intends to push ahead with his lawsuit against OpenAI.” However, he did not elaborate on specific details of the case during the forum. Is @elonmusk pushing ahead with the lawsuit against OpenAI? “Yes. It was intended to be a non profit open source company and now they’re trying to change that… Read More at Coingape.com
The current state of the US dollar is not among the best, as the US-China war extends amid tariff discussions. Meanwhile, this economic turmoil is high, and the BTC price is bouncing, building an image as a safe haven. However, Bitcoin’s early major crash could not be ignored, as the digital asset struggled under tariff turmoil before recovering recently.
US Dollar Index Declines at 3-Year Low, While BTC Price Regains $80K Support
The US Dollar Index (DXY) has declined below the 100 mark for the first time in the last three years, showcasing the economic uncertainty in the country. At present, it is at 99.45 and even touched 99.01 briefly before recovering. With that, it marked the lowest day since 2022.
Since Donald Trump has joined the White House for the second time, the US currency index has declined by more than 7% and more than 2% in the last week alone, and Trump’s trade war is the catalyst.
Meanwhile, the 10-year US Treasury yield has surged, which is concerning. Typically, the DXY and yield move in the same direction. However, they are opposite now, signaling investors’ carrying diverted sentiments on the dollar.
Interestingly, the BTC price gained upward momentum at the same time, jumping from a low of $74.5k to $82.5k today. Experts believe that investors are marching toward digital assets as traditional finances face uncertainty and significant risks.
Bitcoin vs US Dollar: Is this BTC’s Time to Shine?
Although Bitcoin is gaining significant momentum, the investors are divided between this digital asset and the yellow metal, Gold. The investors’ focus on this hard asset has pushed Gold towards new ATH, while the BTC price still faces uncertainty and high volatility.
Experts believe Asian investors are dumping US assets like stocks and bonds and relocating to gold. This also puts downward pressure on the currency. The experts are divided on their Bitcoin price prediction; some anticipate a surge to $96k as the investors, especially larger whales, are focusing on the digital asset, while others anticipate a further downtrend.
China’s decision to implement a counter 125% tariff on the US intensifies the trade war. The future of BTC vs the Dollar and other assets remains uncertain.
Coinbase is listing Reserve Rights (RSR), a dual‑token stablecoin platform aimed at creating a collateral‑backed, self‑regulating stablecoin ecosystem. Following the announcement, Binance’s ‘smart money’ traders are increasing long positions on the altcoin.
Incoming SEC Chair Paul Atkins was an early advisor for RSR, but he doesn’t maintain any active connection to the project. Nonetheless, RSR speculators may be anticipating some benefits from this old association.
Coinbase Lists RSR To New Enthusiasm
RSR has been active since 2019, aiming to upend the stablecoin ecosystem. It’s an ERC‑20 utility and governance token that underpins the Reserve Protocol, a dual‑token system designed to back and stabilize the Reserve stablecoin (RSV) at a $1 USD peg. RSR, a non-stablecoin, provides governance and backstop insurance to its counterpart.
However, an intriguing side effect has also taken place. As the asset prepares its debut on Coinbase, top traders on Binance are showing a strong bullish positioning.
Binance Top Traders Go Long on RSR. Source: Coinglass
On Binance, the top‑trader long/short ratio measures the share of total open positions held as longs by the top 20% of accounts by margin balance. A 65.48% long ratio means these “smart money” participants are overwhelmingly betting prices will rise.
Meanwhile, beyond Coinbase listing, RSR is getting attention due to its link with incoming SEC Chair Paul Atkins. Although Atkins disclosed his crypto investments and has no current link with RSR, he joined the Reserve Rights Foundation as an advisor in its early stages.
That isn’t to say that anyone has alleged that Atkins will engage in corruption to unfairly boost RSR. However, since becoming President, members of Trump’s family have been involved in several controversial crypto deals. This precedent may be encouraging traders to believe in the importance of political connections.
For now, market narratives are very important in this industry. As Atkins officially begins his career as the SEC’s new Chair, RSR may continue to receive indirect benefits.
Bitcoin is undergoing an unlikely Sunday Pump amid low trading volumes, hurtling toward the $120,000 mark. The surge comes amid reports of an imminent 90-day tariff truce between the US and China. Bitcoin Spikes To $119,000 As Global Crypto Market Cap Nears $4 Trillion CoinMarketCap data reveals that the Bitcoin price is in the green
