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Bitget Wallet introduces a new feature that helps traders scan through potential risks before choosing to invest in a token. It is currently available for six major blockchains. According to a press release sent to crypto.news, the feature offers users the ability to identify potential vulnerabilities in a token that could indicate higher trading risk, such as token centralization or active minting permissions. The tool is part of a broader suite of newly introduced features aimed at strengthening transaction security on the platform. At press time, the feature is available for tokens on six major blockchains including Ethereum ( ETH ), Solana ( SOL ), BNB Chain ( BNB ), Base ( BASE ), Polygon ( MATIC ), and Arbitrum ( ARB ). The contract risk detection tool can be found on Bitget ( BGB ) Wallet’s candlestick chart interface. It provides users with access to essential data such as a token’s permission status, distribution among top holders, and burn ratios. These indicators help users make informed trading decisions and evaluate potential risks associated with the tokens. If a large portion of tokens is concentrated among a small number of wallets, it increases the likelihood of price manipulation or sudden dumps, raising the risk for traders. Meanwhile, a high burn ratio could signal positive price action in the future, whereas low burn activity might reflect a lack of project transparency. Additionally, a token’s permission status can reveal whether risky functions remain enabled, such as minting capabilities, the ability to pause trading, or ownership changes. If permissions are overly open or poorly managed, it may signal a heightened risk of manipulation or rug pulls. COO of Bitget Wallet, Alvin Kan, noted that with the rapid growth of decentralized finance, providing users with accessible tools to evaluate risk is no longer optional. The platform aims to enhance transaction security through features like contract risk detection. “This feature is part of our broader strategy to empower users with the information they need to navigate Web3 safely and confidently,” said Kan. According to data from the Onchain Report, around 37% of users view security risks as their top concern when using crypto for payments or transfers. Bitget Wallet hopes that the new detection tool will be able to ease some of their worries when using funds on-chain. Previously, the platform introduced an MEV protection upgrade which is directly integrated within the platform’s Swap feature. The upgrade is designed to help protect users from unfair trading mechanisms that are usually employed by MEV bots.

OpenAI has filed a lawsuit against Elon Musk, accusing the billionaire tech figure of attempting to sabotage the AI company through a pattern of disruption through what it calls a pattern of disruption – including an allegedly fraudulent acquisition proposal reportedly worth $97.375 billion. The suit, filed in a California district court, seeks financial damages and orders (injunctive relief) intended to stop Musk’s alleged interference, claiming Musk’s actions aimed to harm OpenAI while benefiting his rival firm, xAI. The legal filing claims Musk first tried to gain control of OpenAI after unsuccessfully pushing for it to shift from its original nonprofit structure to a for-profit model with himself installed as CEO and majority shareholder. OpenAI alleges that internal emails, presented as evidence , show Musk proposing to take complete ownership in return for funding – an offer OpenAI declined. The lawsuit goes on to assert that Musk later used public platforms and legal pressure to interfere with the company’s operations and partnerships. “Musk has tried every tool available to harm OpenAI,” the complaint states, citing press statements, legal claims, and social media posts shared on X . OpenAI claims his actions disrupted OpenAI’s relationships with current and potential investors, increasing operational burdens and raising employee concerns about possible instability. Related: OpenAI Now Worth $300 Billion After Massive $40B Funding Round OpenAI’s legal team argues that Musk’s $97.375 billion offer to buy the company was never genuine. According to the complaint, Musk provided no clear funding source behind the proposal, and the massive figure appeared disconnected from any standard business rationale. The company even suggests, without naming it, that the number referenced Musk’s preferred science fiction series. Related: Sam Altman’s $9.74B Twitter Offer To Elon Musk’s $97.4B OpenAI Bid The complaint further claims that Musk’s actions were “intentionally designed” to interfere with OpenAI’s business and limit its ability to compete in the AI sector. The filing suggests that Musk sought to secure an advantage for his company, xAI, by undermining OpenAI’s credibility and stability. This legal action by OpenAI comes after Musk sued the organization himself back in March. Musk’s suit alleged OpenAI violated what he claimed was a “Founding Agreement” by abandoning its non-profit mission and failing to make its technologies open source. OpenAI countered then that no such binding founding agreement existed in the way Musk described, and produced emails allegedly showing Musk was aware of and even supportive of the planned shift towards a for-profit structure. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

U.S. stock markets open mixed U.S. stock markets have opened mixed today. S&P 500 : -0.40% NASDAQ: +0.12% Dow: -0.79%

Aergo approves House Party Protocol proposal to integrate four projects Aergo $AERGO, an open-source hybrid blockchain firm incorporated in Hong Kong, has announced on X that a governance proposal to merge with Aergo, Alpha Quark, Booost and W3DB(VaaSBlock), has been approved.

U.S. stock markets open higher U.S. stock markets have opened higher today. S&P500: +3.32% NASDAQ: +3.68% Dow: +3.59%