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The Daily: Ripple CEO Claims Gensler Apology, IoTeX Defies Exploit, SpaceX Plans IPO

The Daily: Ripple CEO Claims Gensler Apology, IoTeX Defies Exploit, SpaceX Plans IPO

Key Takeaways

  • Ripple CEO Garlinghouse claims SEC Chair Gensler apologized for past actions, coinciding with $XRP ETF inflows.
  • IoTeX ($IOTX) token surged 508% despite a recent $2 million exploit, showcasing market resilience.
  • SpaceX prepares for a $1.75 trillion IPO, drawing investor capital from $TSLA into SPCX.

Ripple CEO Claims Gensler Apologized at White House

Ripple CEO Brad Garlinghouse claimed SEC Chair Gary Gensler personally apologized to him at a White House event, stating, "I was wrong. You guys have done an incredible job." This alleged apology coincided with ETF inflows of $2.2 million for $XRP on February 27, diverging from $BTC and $ETH ETFs which saw outflows of $27.5 million and $43 million respectively that day.

IoTeX Token Defies Exploit with 508% Price Surge

The IoTeX ($IOTX) token surged 508% over the past 24 hours. This rally occurred a week after the project's bridge contracts were compromised through a private key exploit, resulting in a $2 million drainage. Coinbase Spot (USD) data showed multiple 15-minute gains. The token's sentiment score was reported at 61.

X Product Lead Warns Binance Over AI Tweets

Binance announced on X on February 27 that its platform was upgraded to "Bot v4.9," with all future tweets to be AI-generated. X Product Lead Nikita Bier publicly challenged Binance's decision, warning against platform sanctions.

SpaceX Readies March IPO Filing at $1.75 Trillion

Aerospace company SpaceX, led by Elon Musk, is preparing for an Initial Public Offering (IPO) in March. Bloomberg estimates the company's valuation at $1.75 trillion. This coincides with shareholders exiting $TSLA and transitioning investments into SPCX, an investment vehicle linked to SpaceX.

Trump Plans Federal Ban on Anthropic AI Over Pentagon Non-Compliance

Former President Donald Trump plans a federal ban on Anthropic AI. This stems from the company's non-compliance with Pentagon demands. Trump's rationale is national security cooperation from technology firms developing advanced AI capabilities.