Riding The Wave News Summary 199
OpenAI Ousts Sam Altman From CEO and Board Roles; Worldcoin Drops 12%, Fidelity seeks green light for Ethereum ETF, following BlackRock’s filing, & more
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Table of Contents
Tweets
OpenAI Ousts Sam Altman From CEO and Board Roles; Worldcoin Drops 12%
Fidelity seeks green light for Ethereum ETF, following BlackRock’s filing
Ramaswamy Shares Crypto Plan, Making Him the Only GOP Candidate Who Has One
Tweets
https://twitter.com/KobeissiLetter/status/1726251150704246844
https://twitter.com/AltcoinDailyio/status/1726230091162861789
https://twitter.com/RonConway/status/1725759359748309381
https://twitter.com/GRomePow/status/1725637956617257215
https://twitter.com/KobeissiLetter/status/1725760533448548612
https://twitter.com/_ali_taylor/status/1725669754516426943
https://twitter.com/AutismCapital/status/1725618623967027390
OpenAI Ousts Sam Altman From CEO and Board Roles; Worldcoin Drops 12%
Artificial intelligence (AI) company OpenAI ousted Sam Altman as CEO and from the board, the board of directors announced in a blog post Friday.
"Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities," the blog post said.
"The board no longer has confidence in his ability to continue leading OpenAI," it added.
Worldcoin (WLD), Sam Altman's eye-scanning cryptocurrency project, dropped 12% in the immediate aftermath of the announcement.
Fidelity seeks green light for Ethereum ETF, following BlackRock’s filing
Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ether exchange-traded fund (ETF).
In a filing with the United States Securities and Exchange Commission (SEC) on Nov. 17, Fidelity proposes to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange.
Fidelity’s filing comes after recent news that BlackRock officially filed for a spot Ether ETF — the iShares Ethereum Trust — with the SEC on Nov. 16.
The week before, BlackRock registered the iShares Ethereum Trust with Delaware’s Division of Corporations. This occurred almost six months after it filed its spot Bitcoin ETF application.
Fidelity is the seventh firm to apply for an Ether ETF, among a list of firms including VanEck, 21Shares, ARK Invest, Hashdex, Grayscale and Invesco Galaxy.
Disney Does NOT ‘Partner’ With Crypto Companies
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