According to the Gate News bot, there is an announcement from Gate on April 18, 2025. The Function X (FX) project has completed the token migration, with the original FX tokens exchanged for Pundi AI (PUNDIAI) at a ratio of 100:1. Gate has completed this token exchange. The new token PUNDIAI will start trading on April 22, 2025, at 14:00 (UTC+8). The ERC20 contract address for PUNDIAI is 0x075F23b9CdfCE2cC0cA466F4eE6cb4bD29d83bef. Gate will support PUNDIAI's deposit, withdrawal, and trading services, and will no longer support the old FX token.

On March 10, Faraday Future (FFIE.O) announced that the company had successfully held an extraordinary general meeting of shareholders on March 7, 2025, and all proposals were approved. Among other things, the approval of the Authorized Share Increase Proposal will help the Company issue common shares as necessary for the conversion of convertible notes and the exercise of issued warrants to meet existing obligations, or to support the Company's future financing or acquisition transactions, the implementation of employee incentive plans and other reasonable corporate purposes. In line with the principle of prudent management of share capital, the number of authorized ordinary shares increased by 24%.

Faraday Future has announced that its second brand, Faraday X, will offer two power configurations, 'Extended Range AIEV' and 'Pure Electric AIEV'. The first batch of products will be FX 5 and FX 6, with expected price ranges of $20,000-$30,000 and $30,000-$50,000 respectively. It aims to become the 'Toyota' in the smart electric vehicle market and enter the extended-range hybrid vehicle market.

According to the Gate News bot, the announcement from Gate on April 18, 2025. Function X (FX) tokens have been exchanged for Pundi AI (PUNDIAI) at a ratio of 100:1. Gate has completed this token exchange. The new Pundi AI (PUNDIAI) tokens will begin trading on April 22, 2025, at 14:00 (UTC+8). The exchange rate is 100 FX for 1 PUNDIAI. The ERC20 contract address for the new token PUNDIAI is 0x075F23b9CdfCE2cC0cA466F4eE6cb4bD29d83bef. Gate will support the deposit and withdrawal services for the new token PUNDIAI and will no longer support the old token FX.

Pyth Network has launched multiple on-chain real-time prices for forex, including emerging market currencies such as the Chilean Peso, Colombian Peso, and Indonesian Rupiah. This initiative breaks the monopoly of banks and institutions on forex data, drops the cost of access, and promotes DeFi innovation. DeFi protocols can utilize this data to build forex derivations, stablecoin applications provide fairer Exchange Rate conversions, and businesses can hedge currency risks without bank support, connecting DeFi and the TradFi system, realizing the vision of a borderless global financial market.

According to the Gate News bot, the official announcement from Gate on April 18, 2025. Gate has completed the exchange of Function X (FX) tokens to Pundi AI (PUNDIAI) at a conversion rate of 100:1. The new Pundi AI (PUNDIAI) tokens will be available for trading on April 22, 2025, at 14:00 (UTC+8). The ERC20 contract address for the new token PUNDIAI is 0x075F23b9CdfCE2cC0cA466F4eE6cb4bD29d83bef. Gate will support the recharge, withdrawal, and trading services for PUNDIAI. After this exchange, Gate will no longer support the old FX token.

PANews reported that $FX will be renamed to $PUNDIAI on February 25, 2025. The upgrade will be automatically carried out on Pundi AIFX Omnilayer, while other on-chain $FX will need to be upgraded manually. Users can operate on the upgrade page or upgrade automatically through Centralized Exchange.

Golden Finance reported that Trump announced a 90-day pause on reciprocal tariffs. FX Executive Director Amarjit Sahota stated, "Currently, there is significant market fluctuation, especially in the stock market, which has reacted positively to this news. But the ensuing question is: why are we seeing this 'stay of execution' today? Is this really a good idea? Personally, I don't think this is a good idea: a 90-day pause will only bring more uncertainty over the next 90 days. This looks like a very poor policy decision, or at least very poorly planned or executed."

On November 13, Jins10 Data News, Faraday Future (NASDAQ: FFIE) announced that its subsidiary Faraday