Kaiko Research stated that the recent approval of spot Ethereum ETFs will have a positive impact on the long-term growth of the digital asset, despite potential short-term challenges. The approval has provided clarity on Ethereum's classification as a commodity rather than a security, reducing regulatory uncertainty. While the SEC approved the ETFs' 19b-4 filings, the launch of Spot Ethereum ETFs is imminent. However, Kaiko predicts that Grayscale's ETHE fund may face outflows, potentially affecting ETH's market. Additionally, Hong Kong's ETH ETFs have seen net outflows since their launch. The market depth of ETH has decreased, and it is less concentrated on US exchanges. Ethereum's core developers are planning a major update, with analysts predicting significant demand. It is essential to conduct thorough research before engaging in cryptocurrency trading, as it is a high-risk activity. Read more AI-generated news on: https://app.chaingpt.org/news

Argentinian authorities are seeking to collaborate with officials in Bitcoin-friendly El Salvador to boost their adoption of the leading digital asset. The Argentinian National Securities Commission (CNV) reported that its president and vice president met with El Salvador's National Digital Assets Commission (CNAD) president to discuss Bitcoin adoption. They discussed the global use of cryptocurrencies and El Salvador's experience with Bitcoin. Argentina aims to strengthen ties with El Salvador and explore collaboration opportunities. El Salvador, the first country to recognize Bitcoin as legal tender, has implemented various Bitcoin projects and holds a significant amount of BTC. Argentina is also becoming more Bitcoin-friendly, with recent developments legalizing Bitcoin use in contracts and establishing a regulatory body for the local crypto sector. Read more AI-generated news on: https://app.chaingpt.org/news

More than a year after the Dencun upgrade on Ethereum, the focus has shifted to Pectra, set to launch by early 2025. Ethereum developers have decided to take a cautious approach, prioritizing user features over rushing a release before Devcon in November 2024. Pectra, following the success of Dencun in March 2023, will introduce the Ethereum Virtual Machine Object Format (EOF) with 11 improvement proposals for EVM code enhancements. Notably, EIP-7251 will raise the maximum validator stake to 2,048 ETH, aiming to simplify management for operators. The community had mixed reactions to EIP-3074, leading to its replacement with EIP-7702 proposed by Vitalik Buterin. EIP-7702 focuses on account abstraction, introducing a new transaction type called 'user operation' authenticated by smart contract wallets, streamlining transactions without signature authentication. Read more AI-generated news on: https://app.chaingpt.org/news

Phantom Wallet, a cryptocurrency wallet for the Solana blockchain, has outperformed Facebook and ChatGPT in mobile app downloads. Initially targeting Solana token holders, it now supports popular cryptocurrencies like Bitcoin, Ethereum, and Polygon, catering to a wider audience. The wallet's rapid growth is evident as it ranks among the top utility apps in the US Apple App Store. With over 7 million active users, Phantom Wallet signifies mainstream crypto adoption. The surge in downloads highlights the demand for interoperability in the crypto space. The acquisition of Bitski further enhances user experience by simplifying onboarding processes. This strategic move aligns with Phantom's goal to embed wallets in Solana-based decentralized applications, offering a seamless user experience. The increasing popularity of Phantom Wallet also hints at a bullish trend for Solana's native token, SOL, reflecting growing investor confidence in the blockchain. Read more AI-generated news on: https://app.chaingpt.org/news

Nomura Holdings, a major Japanese banking and investment firm, has joined forces with GMO Internet Group to investigate the creation of fiat-backed stablecoins in Japan. The partnership aims to facilitate the issuance, redemption, and circulation of Japanese yen (JPY) and US dollar (USD) stablecoins. In addition to these stablecoins, Nomura and GMO intend to provide a 'Stablecoin-as-a-Service' solution, catering to companies interested in issuing stablecoins in the Japanese market. This initiative will offer benefits such as regulatory compliance management, blockchain integration, and backend transaction support. Nomura's expertise in crypto trading, asset management, and venture investment, combined with GMO's technological capabilities, are expected to drive the success of the project. The collaboration is seen as a significant step towards enhancing digital asset accessibility and innovation in Japan's financial sector. Read more AI-generated news on: https://app.chaingpt.org/news

Pepe (PEPE) has hit a record high of $0.00001717 with a market cap exceeding $7 billion, making it the 21st largest cryptocurrency. Its 24-hour trading volume surpassed $1.8 billion, outperforming meme coins like Dogecoin and Shiba Inu. Despite a slight pullback, Pepe's price remains around $0.00001676, marking an 80% increase in a week and a 1,000% surge since last May. The token's market cap has soared, surpassing $7 billion and overtaking altcoins like Litecoin and Polygon. Pepe is now the third-largest meme coin, trailing Dogecoin and Shiba Inu, but leading in trading volume. Binance has responded to the rally by adding the PEPE/EURO trading pair and trading bot services. Users on Crypto X believe Pepe's bull run is far from over, with some seeing it as undervalued and still in its early stages. While profitable, investing in meme coins like Pepe carries significant risks due to their volatility. Read more AI-generated news on: https://app.chaingpt.org/news

June typically sees a lull in game releases due to the absence of the Electronic Entertainment Expo. However, with the rise of Summer Games Fest, this trend is changing. This June, gamers can anticipate the highly awaited expansion of Elden Ring, Destiny 2's Final Shape, Star Wars: Hunters, and Killer Klowns from Outer Space adaptation. Additionally, Still Wakes the Deep offers a narrative horror experience, while Elden Ring: Shadow of the Erdtree promises a massive expansion. Luigi's Mansion 2 HD brings cooperative multiplayer to the Nintendo Switch. These games cater to various preferences, from horror to action-packed adventures. As the gaming industry evolves, the inclusion of crypto and blockchain elements in future releases may offer new and exciting gameplay experiences for enthusiasts. Read more AI-generated news on: https://app.chaingpt.org/news

Pinokio offers a user-friendly solution for installing and running various AI applications on your local computer with ease. By consolidating popular open-source AI models into a single environment, Pinokio simplifies the installation process with one-click scripts, eliminating the need for complex configurations. Users can explore a wide range of AI tools, from image and video generators to chatbots, all managed through a browser-based interface. With a focus on privacy, Pinokio ensures that all models run locally without requiring user data sharing. The installation process is straightforward, requiring a simple download from the official website and minimal setup steps. Once installed, users can easily launch and run AI apps, provided their computer meets the necessary hardware requirements. Pinokio revolutionizes the accessibility of AI technology, making it suitable for both beginners and experienced enthusiasts alike. Read more AI-generated news on: https://app.chaingpt.org/news

A recent incident in the world of cryptocurrency saw an investor losing millions to a sophisticated phishing scam. The investor was deceived into signing a malicious Permit phishing signature, resulting in the theft of 1,807 Ether.fi-Liquid1 tokens worth $6.9 million. This is not the first time the investor has fallen victim to such an attack, having lost $638,000 in a previous phishing scam. The theft involved the use of off-chain authorization signatures to transfer tokens without on-chain transactions, enabling the theft to take place. The stolen funds are currently held in two wallets, one belonging to the scammer and the other to a drainer. The incident has been linked to notorious draining-as-a-service providers, Pink and Inferno Drainers, who offer tools for phishing exploits in exchange for a share of the stolen funds. This serves as a reminder of the prevalence of phishing attacks in the crypto space, with scammers using various tactics to deceive users and steal digital assets. Read more AI-generated news on: https://app.chaingpt.org/news

Cardiff, UK, May 26th, 2024 - On May 20, 2024, the Bitcoin Layer2 development team BEVM introduced the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.” This paper outlines the implementation of Taproot Consensus, utilizing Bitcoin technologies like Schnorr signatures, MAST, and Bitcoin SPV nodes to create a fully decentralized BTC Layer2 solution. Taproot Consensus marks a significant advancement in native Bitcoin scalability by creatively combining existing Bitcoin technologies without altering the core code. The yellow paper delves into the history of Bitcoin's technical iterations, the Taproot Consensus solution overview, and a detailed explanation of its architecture. By integrating Schnorr signatures, MAST, Bitcoin SPV nodes, and Aura+Grandpa Byzantine fault-tolerant consensus mechanisms, Taproot Consensus offers a highly secure and consistent decentralized Layer2 scalability solution, enhancing Bitcoin's network scalability and usability. Read more AI-generated news on: https://app.chaingpt.org/news

A British-Chinese woman, Jian Wen, has been sentenced to over six years in prison for her involvement in a bitcoin money laundering scheme. Wen's actions came to light when she tried to purchase luxury homes in London using funds from an investment fraud operation in China. The investigation led to the seizure of 61,000 bitcoins, valued at over $4 billion, making it the UK's largest crypto seizure. Despite declaring minimal income, Wen lived lavishly in London and made extravagant purchases. While not directly involved in the initial fraud, Wen was found guilty of converting bitcoins into cash for her boss. This case highlights the increasing use of cryptocurrencies by criminals to conceal illicit activities, as stated by Chief Prosecutor Andrew Penhale. The incident underscores the vast criminal proceeds accessible to fraudsters through cryptocurrency transactions. Read more AI-generated news on: https://app.chaingpt.org/news

The surge in tokens with high valuations but low initial circulating supply has raised worries about the sustainability of potential gains for traders post-token generation event (TGE). Binance Research's recent study confirms this trend, showing a rise in tokens launched with restricted circulating supply and inflated valuations. The report predicts a release of $155 billion worth of tokens from 2024 to 2030, potentially causing selling pressure due to increased supply without matching demand. The analysis reveals a disparity between market caps and fully diluted valuations (FDVs) for tokens launched in recent years, with 2024 tokens already nearing 2023 FDVs. Binance advocates for a healthier market by engaging small to medium projects and promoting sustainable practices. This move aims to address the issue of tokens launching with high valuations and low initial supplies, fostering a more stable market environment. Read more AI-generated news on: https://app.chaingpt.org/news

In the world of cryptocurrency, the issue of centralized data storage is a pressing concern. While blockchain technology promises decentralization, the reliance on centralized cloud services like Google Cloud, Microsoft Azure, and AWS poses a threat to data security and ownership. The limitations of blockchain, such as scalability and cost efficiency, have hindered the development of efficient decentralized storage solutions. However, the need to sever the relationship between blockchain and cloud storage is crucial to prevent data breaches and censorship in Web3. The solution lies in fully decentralized data storage, empowering individuals and organizations to build a more trustworthy digital infrastructure. By embracing decentralized physical infrastructure, such as global networks of DePIN data centers, a new path towards data security and autonomy can be forged. Collaboration between Web3 entities and governmental institutions is essential to revolutionize data storage and ensure a resilient digital future. Read more AI-generated news on: https://app.chaingpt.org/news

OKX has announced the discontinuation of its centralized cryptocurrency trading services for Hong Kong residents starting May 31, 2024, in compliance with regulatory requirements. The decision to withdraw its virtual asset service provider (VASP) license application was attributed to a reevaluation of its business strategy. Customer funds are secure, and withdrawal services will continue as usual. After the deadline, Hong Kong customers can only withdraw funds, not trade or deposit. OKX's Web3 self-hosted wallet services will remain accessible. Users are advised against depositing funds post-deadline, with open orders to be canceled. OKX, along with other applicants, withdrew VASP license applications in Hong Kong. Only two exchanges have received approval to operate legally. This decision follows OKX's cessation of services in India due to regulatory issues. Read more AI-generated news on: https://app.chaingpt.org/news

The Uniswap Foundation has announced that on-chain voting for a proposal to establish a new fee mechanism will take place by May 31. This announcement has led to a 20% increase in the value of UNI, the network's native token. The foundation is moving towards implementing autonomous fee collection and distribution in Uniswap V3 pools. The proposed transfer of ownership of UniswapV3Factory to V3FactoryOwner aims to enable fee collection in the future. Despite potential legal challenges from the SEC, the proposal to reward UNI token holders for governance participation has received strong support. The new fee distribution plan will incentivize active participation by distributing protocol fees among staked and delegated UNI token holders. Uniswap has been generating significant fees, with approximately $3.2 million earned in the past 24 hours. The foundation also disclosed holding $41.41 million in fiat and stablecoins, along with 730,000 UNI tokens, at the end of the first quarter. Read more AI-generated news on: https://app.chaingpt.org/news

Sam Bankman-Fried, the co-founder of FTX crypto exchange, has been moved to a temporary detention center in Oklahoma, despite a judge's request to stay in New York for his appeal. Following his conviction for fraud at FTX, he is now at the Federal Transfer Center in Oklahoma City. Bankman-Fried, sentenced to 25 years, aims to reduce his sentence through the appeal process. He criticized his trial's fairness and accused the law firm representing FTX's new owners of collusion. The disgraced co-founder hopes for a different outcome by presenting crucial evidence and witnesses. His spokesperson expressed gratitude for the court's consideration. There are plans to transfer him closer to his family in California. FTX's native token, FTT, currently priced at $1.59, has shown a 12% increase in the last month despite a 1% decrease from Thursday's value. Read more AI-generated news on: https://app.chaingpt.org/news

A Texas federal court judge ruled in favor of the US Securities and Exchange Commission (SEC) in a case involving crypto influencer Ian Balina. The SEC accused Balina of violating securities laws in connection with the Sparkster ICO. The SEC alleged that Balina sold unregistered securities through his Sparkster pool without disclosing compensation received. Balina denied receiving payment for promoting the tokens and argued that they were not securities. However, the court ruled in favor of the SEC, stating that Balina targeted American investors and violated securities laws. The court found that the tokens met the criteria of the Howey test. While the SEC failed to prove a violation of Section 7, the court declined to make a summary judgment due to factual inconsistencies regarding compensation agreements. This case highlights the regulatory scrutiny faced by influencers in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

Mistral, a prominent open-source AI developer, recently unveiled an upgraded version of its large language model (LLM) with enhanced features. The new Mistral 7B v0.3 model, available on the HuggingFace platform, offers uncensored responses and improved performance. Additionally, Canadian AI developer Cohere introduced an updated multilingual model, Aya, joining Mistral and Meta in the open-source domain. Mistral's latest release includes base and instruction-tuned checkpoints, expanding its token context size for better text processing. Noteworthy features like function calling enable Mistral models to interact with external functions and APIs, enhancing their versatility. Cohere's Aya 23, optimized for 23 languages, outperforms its predecessors in various tasks and is available in 8B and 35B parameter sizes. These advancements in AI models, tailored for the crypto world, promise improved efficiency and effectiveness for multilingual projects. Read more AI-generated news on: https://app.chaingpt.org/news

Google's latest AI-powered search results have stirred controversy due to inaccurate and potentially harmful information. The introduction of AI tools under the 'Gemini Era' has led to significant changes in search results, with natural language answers displayed prominently. However, these answers can be misleading, sourced from unreliable platforms like social media and satirical sites. Users have reported receiving dangerous advice from Google's AI, such as suggesting jumping off the Golden Gate Bridge to deal with depression. The AI's reliance on Reddit data has also resulted in absurd responses, including endorsing the consumption of rocks by children. While some misleading examples have been corrected, concerns remain about the AI's tendency to generate false information. This highlights the importance of ensuring accurate and reliable data sources, even in the world of cryptocurrency and blockchain technology. Read more AI-generated news on: https://app.chaingpt.org/news

Ripple's price has been consolidating for weeks, showing no signs of recovery. The recent 24 hours saw some volatility, but a breakout attempt was quickly stopped by a market-wide correction. The market's mid-term fate hinges on its breakout direction from the current range. The USDT paired chart displays choppy price action, with XRP stuck between the 200-day moving average at $0.6 and the $0.5 support level. Despite positive market news, XRP struggles to break above $0.55, mostly hovering just above $0.5. The RSI sits at 50%, offering no clear price direction. The XRP/BTC pair mirrors this trend, consolidating around 800 SAT. With RSI below 50%, a bearish continuation seems likely unless XRP breaks above the 200-day moving average at 1,100 SAT to initiate a new bull run. Read more AI-generated news on: https://app.chaingpt.org/news