OpenAI Finalizes $10 Billion Joint Venture While Payward Sues Etana Over $25 Million

OpenAI secures a $10B joint venture with a private equity giant. Concurrently, Payward sues Etana for alleged $25M misappropriation, while Bitmine expands ETH holdings to 5.18M.

Woofun AI reports that OpenAI has finalized a $10 billion joint venture agreement with a major private equity firm, signaling significant institutional capital deployment into artificial intelligence infrastructure. In parallel developments within the crypto sector, Kraken’s parent company, Payward, initiated legal proceedings against custodian Etana, alleging the misappropriation of $25 million and the operation of a scheme resembling a Ponzi structure.

Meanwhile, Bitmine expanded its treasury by adding 101,745 ETH last week, bringing total holdings to approximately 5.18 million coins. Strategy suspended Bitcoin acquisitions during the same period but raised $82 million via equity issuance.

Additionally, the US SEC delayed the review of the first batch of market-tracking ETFs, leaving over 20 products pending regulatory approval.