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🚨US Stock Exchanges Closed. S&P500: -0.27% Nasdaq: -0.18% Dow Jones: -0.51%
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New rival to OpenAI and Google: A new breath of artificial intelligence from Meta US-based technology giant Meta added a new dimension to the artificial intelligence race and announced its own multi-modal artificial intelligence model called "Chameleon". With this new model, Meta joins the artificial intelligence struggle between OpenAI and Google. As the parent company of #Facebook , #WhatsApp and #Instagram , #Meta took an important step in the field of artificial intelligence and developed the Chameleon model. Multimodal AI models are viewed as more advanced versions of large language models, with their ability to process various forms of media such as texts, images, audio recordings, and videos. The Chameleon team explained that the model consists of a set of "early fusion token-based hybrid models capable of understanding and rendering images and text in any arbitrary order." Since Meta's new model is built on an old fusion architecture, it can combine multiple inputs, unlike other systems. To date, most AI models have treated data as separate entities in the early stages and then searched for and brought together these connections. This technique is called late fusion and has limitations regarding integration. To solve this problem, Meta designed their model based on early fusion architecture. This approach enables more holistic processing of data and makes the integration of various forms of media more effective. Meta's Chameleon model aims to take one step forward in artificial intelligence technologies. Competing with giants such as OpenAI and Google, Meta aims to gain a stronger position in the field of artificial intelligence with this new model. Chameleon is considered an innovative step by Meta that is expected to play a significant role in AI research and applications. Meta's new multi-modal artificial intelligence model Chameleon stands out with its capacity to process various media formats and early fusion architecture. This model reinforces Meta's goal of becoming a major player in the artificial intelligence race.
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Mystery Revealed: 240 Million XRP Transfer Sparked Speculation on Destination. *There was a striking development in the cryptocurrency market, 240 million #XRP tokens were transferred from the Coincheck exchange to an unknown wallet. *This significant move has created a great deal of interest and speculation in the crypto community. *Crypto data tracker Whale Alert, “$127,054,365 worth 240,850,537 The withdrawal of 240,850,537 XRP, worth approximately $127 million, to an unknown address that became active in February attracted the attention of the crypto community. The receiving wallet “UQ2Eh” constantly receives XRP transfers from Coincheck, indicating a strong relationship with the exchange. However, the reasons behind this transfer and the identity of the wallet owner are still unknown, making the transaction even more mysterious. While the exact reasons remain speculative, several possibilities for the transfer have emerged. One possibility is that the transfer was made in the name of an institutional investor. Institutions often transfer large amounts of cryptocurrency to cold storage wallets for security purposes or as part of a long-term holding strategy. Additionally, Coincheck may also be transferring assets as part of measures to increase asset security following a major security incident in 2018. These efforts may be part of ongoing efforts toward secure storage solutions. The large transfer may also be linked to an over-the-counter (OTC) trade that involves the exchange of large amounts of cryptocurrency directly between parties. While this move may indicate institutional interest, increased security measures, or upcoming strategic announcements, it could indicate increased interest in XRP and the broader cryptocurrency market. At the time of writing, XRP was trading at $0.529, down 0.60% in the last 24 hours. $BTC $XRP
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Binance CEO Teng Evaluated The Ethereum ETF Approval. After Bitcoin, the US Securities and Exchange Commission (SEC) opened the door to a spot #ETF for Ethereum. Binance #CEO Richard Teng interpreted this development as a turning point. Stating that they welcomed the US SEC's approval of Ethereum spot ETFs, #Binance CEO Richard Teng said that this development is an important turning point for the crypto industry. Teng said that this development will increase the adoption of crypto assets in traditional markets and stated that he thinks that the US market will make a significant contribution to the already active crypto asset ETFs. There are currently 27 active ETH ETFs in the #ETF market. In addition, 32 spot Bitcoin ETFs are traded in 5 different markets. Richard Teng, who interprets the US SEC's first approval for ETH ETF trading as confirming the general acceptance of the largest altcoin, believes that the growth potential of the crypto asset ecosystem will increase in this way. Spot Bitcoin ETFs have managed to attract significant funding of over $13 billion after being approved in the US in January. Expecting a similar trend for Ethereum ETFs, Teng stated that this acceptance will also be supported by more regulatory moves. Thus, while optimism increases that a safer environment will be created for crypto asset trading, this strengthens the expectation that more institutional investors will step into the crypto sector. Some commentators think that after Ethereum ETFs start trading, spot ETFs tied to other major altcoins such as Solana and XRP may also come to the fore. $BTC $ETH
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5 popular altcoins that will be unlocked next week. Cryptocurrency markets appear to be declining after the rise on the first day of the week, giving back half of their gains. While cryptocurrencies generally continue their downward trend on the last business day of the week, the reported lock openings have the potential to put additional pressure on the relevant altcoins. According to Token Unlocks' report, a total of $376.27 million worth of crypto assets are planned to be unlocked in the coming week. Among the major altcoins whose supply will increase with the lock opening between May 27 and June 2, #Optimism (OP), Sui (SUI), #Ethena (ENA), #1inchCard (1INCH), dYdX (DYDX) are at the top. According to the report, OP tokens worth $82.12 million, representing 2.88% of the circulating supply on the Optimism network, will be released on May 31. It is expected that this activity may increase the volatility of the altcoin due to the high amount of OP to be unlocked. On June 1, $70.35 million worth of #SUI will be released, accounting for 2.78% of the circulating supply. Additionally, 11.91% of DYDX's circulating supply and $47.97 million worth of ENA tokens will be unlocked on the same date. Effect of lock openings on altcoin prices While altcoin investors have been closely monitoring the tokens to be unlocked recently, the prevailing idea is that these activities, which will increase the supply of the relevant crypto asset, may put pressure on the price of the asset. Both the expectation of a sale and the situation of buyers selling these assets can sometimes negatively affect the price of the unlocked altcoin. $OP $1INCH $SUI
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Elon Musk's Latest Tweet Increased Dogecoin (DOGE) Price: The Market Reacted Quickly! *Dogecoin's famous supporter Elon Musk shared a picture of the deceased DOGE mascot dog. *The picture quickly gained attention and sparked significant market reactions. *Musk captioned the post, “Ascended to heaven with his friend Harambe.” Wrote. Elon Musk's tribute to the DOGE mascot created market activity. In a recent social media post, #Tesla CEO and #Dogecoin advocate #Elon Musk paid an emotional tribute to the recently deceased DOGE mascot dog. The post included an image of the dog, which has been a symbol of the Dogecoin community for years. Musk's "He ascended to heaven with his friend Harambe." His statement deeply touched his followers and the broader crypto community. The impact of Musk's post was immediate and significant. After this moment of silence, there was a noticeable increase in the price of Dogecoin. This reaction highlights Musk's influence on the cryptocurrency market, especially on Dogecoin. Historically, his tweets and public statements have often led to large price movements, and this situation was no different. The market reaction highlights the emotional and speculative nature of cryptocurrency investments. $BTC $DOGE
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