Biton Daily News (January 31th) :

Elon Musk's Father, Errol Musk, Seeks to Raise $150M-$200M Through Token Project
According to Fortune magazine, Errol Musk, father of Tesla CEO Elon Musk, plans to raise $150 million to $200 million through a token project named "Musk It." Errol Musk stated that he has no doubt that using his name to make money on a "meme coin" will work, as many potential buyers will inevitably associate it with his famous son.
Grayscale Launches Bitcoin Mining ETF, Lists on NYSE
According to official information, Grayscale has launched a Bitcoin Mining ETF (MNRS), which is now listed on the NYSE Arca. The ETF tracks the performance of the Indxx Bitcoin Miners Index, offering investors opportunities to invest in global Bitcoin mining companies.

Pump.fun Revenue Surpasses Ethereum and Solana Over the Last 30 Days
According to DefiLlama data, pump.fun's revenue over the last 30 days exceeded that of Ethereum and Solana. Pump.fun's 30-day revenue reached $118.73 million, while Ethereum earned $109.72 million, and Solana earned $116.46 million in the same period.
Survey: 51% of Generation Z Globally Own or Have Owned Cryptocurrency
According to data from The Block on February 29, Gemini conducted a survey between May and July 2024 of 6,000 cryptocurrency holders and non-holders in the U.S., UK, France, Singapore, and Turkey. The survey found that 51% of Generation Z respondents globally currently or have previously owned cryptocurrency, significantly higher than the 35% across the general population. In the U.S., 51% of Generation Z, 49% of Millennials, and 29% of Generation X said they have or had owned cryptocurrency.

Zero-Knowledge Proof Infrastructure Company Irreducible Raises $24M in Series A, Led by Paradigm and Bain Capital Crypto
Zero-knowledge proof infrastructure company Irreducible announced it raised $24 million in Series A funding, led by Paradigm and Bain Capital Crypto, with participation from Fenbushi Capital, L2 Iterative Ventures, Robot Ventures, as well as angel investors Anna Rose, Brendan Farmer, Daniel Lubarov, Sina Habibian, and Varun Srinivasan. This round of funding will accelerate Irreducible’s efforts to build infrastructure for a verifiable internet. Their goal is to create the fastest and most effective cryptographic proof solutions.
OpenAI Negotiating Large-Scale Financing Round, Valuation Reaches $340B
According to The Wall Street Journal, OpenAI is in early-stage negotiations for a large-scale financing round, with a valuation of $340 billion, more than double its valuation from October last year. The company is discussing raising up to $40 billion in this round. Reports suggest that SoftBank is considering investing between $15 billion and $25 billion in OpenAI.

NYSE Arca Files 19b-4 to Apply for Conversion of Grayscale XRP Trust to Spot ETF
NYSE Arca has filed a 19b-4 form to convert Grayscale's XRP Trust into a spot ETF, with assets under management of about $161 million. Filing the 19b-4 form with the SEC is the second part of the two-step process for applying for a spot crypto ETF. This filing requests the SEC to amend its existing rules to allow the ETF to trade. Once approved, the document will be published in the Federal Register, initiating the approval process.
Market Reports PumpFun Faces Class Action Lawsuit, Accused of Violating U.S. Securities Laws
Market reports indicate that PumpFun is facing a class action lawsuit. The plaintiffs accuse the platform of violating U.S. securities laws, claiming that all tokens created through its "Meme Factory" are securities.