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ChainCatcher reports, according to Cointelegraph, that the Ethereum-based gaming network Xai has filed a lawsuit against Elon Musk’s artificial intelligence company xAI, accusing it of trademark infringement and unfair competition. The lawsuit was filed on Thursday in the Northern District Court of California, alleging that Musk’s xAI company has caused widespread market confusion and damaged the Xai brand. Ex Populus, the Delaware company behind Xai, stated that it has been using the XAI trademark in U.S. commerce since June 2023, including through its blockchain gaming ecosystem and the $XAI token. “This is a classic case of trademark infringement that requires court intervention to remedy.” According to the lawsuit documents, Ex Populus operates the Xai ecosystem, which includes a blockchain network specifically designed for video games and digital transactions, providing infrastructure to support game logic, AI-driven decision-making, rewards, and data management across multiple applications.

According to a report by Jinse Finance, on-chain analyst @ali_charts has monitored that 200,000 ETH have been withdrawn from exchanges in just 48 hours.