Before diving into today’s email, I filmed a quick video last week breaking down Notebook LM. They’re a killer new platform built off of Google’s Gemini product. Feel free to check it out below:

Click here to check it out now.

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Today’s Menu

• Elon Musk Makes $97B Bid to Take Over OpenAI

• Bitcoin Steady at $98K as Altcoins Surge—Litecoin & DOGE ETFs Next?

Markets

TODAY IN AI

Elon Musk Makes $97B Bid to Take Over OpenAI

Elon Musk and a group of investors have made an unsolicited $97.4 billion bid to take control of OpenAI’s nonprofit arm, escalating his long-running feud with CEO Sam Altman.

The bid was submitted by Musk’s attorney, backed by xAI, Valor Equity Partners, Baron Capital, and others. This move comes as OpenAI transitions into a for-profit model, with SoftBank eyeing a $40 billion investment at a $260 billion valuation. Musk claims he wants to return OpenAI to its open-source roots and vowed to match or exceed any competing offers.

Altman dismissed the offer on X, sarcastically offering to buy Twitter for $9.74 billion in response—prompting Musk to fire back, calling him a ‘swindler.’

With both Musk and OpenAI deeply embedded in the U.S. government’s AI strategy, this battle is far from over. If Musk is serious about regaining control, OpenAI’s future could take a radically different turn.

^{Today In Crypto}

Bitcoin Steady at $98K as Altcoins Surge—Litecoin & DOGE ETFs Next?

Bitcoin is consolidating around $98,000, while Cardano’s ADA leads an altcoin rebound with a 14% surge in the past 24 hours. Litecoin (LTC), SUI, and Uniswap (UNI) followed with 7%-8% gains. Ethereum (ETH), which has struggled relative to BTC, could finally be primed for a rebound to $3,000, according to 10x Research. A Citi report also highlighted rising total value locked (TVL) on Ethereum, signaling improving fundamentals despite its lackluster price action.

Meanwhile, Litecoin and Dogecoin ETFs could be next to hit the U.S. market, with Bloomberg Intelligence analyst James Seyffart assigning a 90% chance of LTC ETF approval and 75% for DOGE. Solana (70%) and XRP (65%) also have high odds of regulatory approval. Grayscale has filed for an ADA-based ETF, boosting Cardano’s price further.

Solana continues to outpace Ethereum in decentralized exchange volumes, surpassing $60 million this month. Despite its low-fee model, Solana has generated $25 million in revenue in February, significantly outperforming Ethereum’s $16 million. With developers and users flocking to Solana’s ecosystem, its DeFi dominance is growing, adding to the bullish case for SOL.

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Thanks for reading!

Until next time,

Damon James