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🪙 Crypto News (May 7, 2024): 1️⃣ Mode: On May 7th, Mode's second-tier decision will unveil its native coin, MODE, and initiate the airdrop claim process. Initially, developers will distribute 550 million #MODE tokens, constituting 5.5% of the total issuance of 10 billion tokens. 🚀 2️⃣ Bluesky: Jack Dorsey has resigned from the board of directors of Bluesky, a decentralized alternative to the X social network. Dorsey did not provide an explanation for his decision. 🔄 3️⃣ SEC: Investment firm Hightower Advisors has injected $68 million into the spot Bitcoin #ETF sector. This capital infusion has been divvied up among six crypto funds rooted in the primary cryptocurrency. 💼 4️⃣ LayerZero: On May 7, 2024, the #LayerZero omnichain protocol team announced a collaboration with Chaos Labs and Nansen to conduct analysis aimed at identifying sybils. 🛠️ 5️⃣ JP (Exodus): The developer of the #Exodus cryptocurrency wallet has declared its listing on the New York Stock Exchange (NYSE American). Securities under the ticker EXOD will debut on the market on May 9, 2024. 💼 📩 If you found these updates informative, consider subscribing for more content or drop a like below!
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6 Major Token Unlocks - May 7-12
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📊 Crypto Reports (May 6, 2024): 1️⃣ Galaxy Research: Cryptocurrency ventures garnered investments totaling $2.49 billion in the initial quarter of 2024. 🚀 2️⃣ The Block: The collective value of bitcoins held across wallets of diverse governmental, public, and private entities stands at $175 billion. 💰 3️⃣ Coinbase: In the inaugural quarter of 2024, Coinbase, a prominent cryptocurrency exchange, recorded a revenue of $1.6 billion, marking a 72% surge from the preceding quarter of 2023. During this period, the company witnessed a twofold increase in transactional revenue. 💼 4️⃣ Microsoft: #Microsoft Corporation has published its #AI Transparency Report for the year 2023, delineating strides made in deploying conscientious artificial intelligence systems. 🤖 5️⃣ TokenUnlocks: May 2024 will witness the release of crypto assets surpassing $3.1 billion in value, as projected by Token Unlocks. Notably, the foremost entities include Sui (SUI), Pyth Network (PYTH), and #Avalanche (AVAX). 💎 👋 Haven't subscribed yet? Why not hit that subscribe button for regular updates?
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📈 Prediction (MATIC and XRP): 🖖 MATIC/USDT - According to data from the Santiment analytical platform, over the last three days, the supply of #MATIC on exchanges has decreased by 20 million tokens. Historically, similar occurrences have been followed by short-term price spikes. If history repeats itself, the altcoin may exit the consolidation phase. Forecast: The price of MATIC has been consolidating between $0.74 and $0.64 for several weeks now. Since mid-April, the token has repeatedly attempted to break above the upper boundary, acting as resistance. If the next attempt is successful, a consolidation above $0.81 will mark the beginning of a recovery rally. However, if the breakthrough fails, #Polygon will continue to trade within the specified range. Losing support at $0.64 could send the altcoin down to $0.60 and below, rendering bullish forecasts invalid. 😀 XRP/USDT - According to data from the Coinglass analytical platform, an increasing number of traders are opening short positions on XRP, hoping for a continuation of the asset's price decline. This is evident from the funding rate, which has once again turned negative. Forecast: At the time of writing, #XRP is trading around $0.51, preparing to break out of the existing symmetrical triangle pattern since early April. A symmetrical triangle is a technical analysis formation characterized by converging trendlines, indicating a period of consolidation before a potential breakout. Considering the aforementioned conditions, there is a likelihood that Ripple will break below the pattern's lower boundary and drop to $0.47. Losing this support could lead to a collapse to the $0.42 mark. On the other hand, confirmation of $0.51 as a support level would allow the altcoin to refute the bearish thesis. In this case, XRP could rise to $0.65. 👍 Share your insights with others!
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🤖 AI News (May 6, 2024): 1️⃣ The Verge: #Adobe has unveiled an experimental #AI model called VideoGigaGAN, capable of enhancing the sharpness and detail of videos by eight times without typical artifacts such as flickering or distortion. 🎥 2️⃣ Microsoft: #Microsoft will invest $2.2 billion over the next few years in new infrastructure for cloud computing and artificial intelligence in Malaysia. 💻 3️⃣ Elliptic: Analytical company #Elliptic announced success in using AI to detect money laundering through Bitcoin. 💰 4️⃣ Paul Trillo: Screenwriter and director Paul Trillo created the first official music video using the video generator based on OpenAI's #Sora text. With Sora, the director generated 700 different videos, from which he selected 55. Trillo then edited them together in Adobe Premiere. 🎬 5️⃣ TechXplore: Concordia University graduate student Alaa Nfissi developed an AI model capable of recognizing emotions in the speech of people calling hotlines to prevent deaths. 🗣️ 👍 Got questions? Share them below!
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آخر الأخبار
تنخفض عملة البيتكوين (BTC) إلى أقل من 63000 دولار أمريكي مع انخفاض بنسبة 0.64٪ خلال 24 ساعة
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رئيس هيئة الأوراق المالية والبورصة جينسلر يناقش تنظيم صناعة العملات المشفرة
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Suilend تطلق برنامج حوافز وتخفض رسوم الإقراض
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Zora تعلن عن استحواذها على NFT Minting Aggregator Mint.Fun
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تطلق Polygon شبكة Miden Alpha Testnet، وتهدف إلى تعزيز توسيع نطاق Blockchain
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