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🪙 Crypto News (Apr 25, 2024): 1️⃣ BNB Chain: On April 24, 2024, #Binance conducted its 27th quarterly coin burn, removing 1,944,453 BNB from circulation, totaling $1.17 billion. 🔥 2️⃣ jack: Block, formerly known as Square, announced plans for a new mining system. It has completed the development of its own 3nm chip for Bitcoin mining. 💰 3️⃣ LayerZero Labs: #LayerZero Labs, focusing on developing the L0 cross-chain compatibility protocol, announced the TGE. The team announced token distribution in the first half of 2024. 🚀 4️⃣ Wazz: On the morning of April 24, 2024, the LRT token of the Renzo protocol—ezETH—lost its peg to #Ethereum (ETH). At one point, its ratio to the underlying asset dropped to 1 to 0.5. 📉 5️⃣ BNB Chain: The #BNB Chain team announced the launch of the next phase of the DAU Incentive Program. The prize pool reaches $200,000. 💸 😊 Enjoying the updates? Feel free to subscribe for more or drop a like!

🪙 Crypto News (Apr 25, 2024):

1️⃣ BNB Chain: On April 24, 2024, #Binance conducted its 27th quarterly coin burn, removing 1,944,453 BNB from circulation, totaling $1.17 billion. 🔥

2️⃣ jack: Block, formerly known as Square, announced plans for a new mining system. It has completed the development of its own 3nm chip for Bitcoin mining. 💰

3️⃣ LayerZero Labs: #LayerZero Labs, focusing on developing the L0 cross-chain compatibility protocol, announced the TGE. The team announced token distribution in the first half of 2024. 🚀

4️⃣ Wazz: On the morning of April 24, 2024, the LRT token of the Renzo protocol—ezETH—lost its peg to #Ethereum (ETH). At one point, its ratio to the underlying asset dropped to 1 to 0.5. 📉

5️⃣ BNB Chain: The #BNB Chain team announced the launch of the next phase of the DAU Incentive Program. The prize pool reaches $200,000. 💸

😊 Enjoying the updates? Feel free to subscribe for more or drop a like!

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📊 Crypto Reports (May 21, 2024): 1️⃣ SEC: According to a recent report submitted to the U.S. Securities and Exchange Commission (SEC), Millennium owns spot Bitcoin ETFs valued at $1.9 billion. 📈 2️⃣ Kommersant: By the end of 2023, #Russia secured the second position globally in cryptocurrency mining volumes, trailing only the United States. Their calculations reveal that Russian miners produced approximately 54,000 BTC ($3.5 billion at the current exchange rate) last year. Additionally, the country's average mining capacity reached 2.2 GW, up from 1 GW in 2022. 🛠️ 3️⃣ CoinGecko: Analysts at #CoinGecko assessed the operational speeds of various blockchains within the crypto sphere. They evaluated 25 different networks and published a performance ranking. CoinGecko announced that Solana is the fastest blockchain, setting a record on April 6, 2024, with 91 million transactions processed. The network's average throughput was 1053.7 TPS. 🚀 4️⃣ Crowdfund Insider: In Q1 2024, cryptocurrency startups secured $2.4 billion in investments across 518 deals with venture funds. 💰 5️⃣ The Block: The average number of new wallets on the #Bitcoin network fell to 275,000 between May 13 and May 19, 2024. This marks a new low since May 2018. 📉 👍 Enjoyed this update? Please subscribe, give us a like, or share your thoughts in the comments below!
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🤖 AI News (May 21, 2024): 1️⃣ SMG: The media giant Sony Music Group (SMG) has issued a "Declaration Against AI Training." This declaration warns AI developers against using SMG's musical content to create their models. #Sony Music emphasized their commitment to protecting intellectual property, including music and audiovisual recordings, cover art, metadata, lyrics, and more. 🎵 2️⃣ The Guardian: Researchers at the University of Groningen have developed a multimodal #AI algorithm designed to detect sarcasm. This breakthrough was presented at a joint meeting of the Acoustical Society of America and the Canadian Acoustical Association. 🤖 3️⃣ Elon Musk: Neuralink, the startup founded by Elon Musk, has begun accepting applications for the second participant in their clinical trial for brain chip implantation. 🧠 4️⃣ Vox: The AI lab #OpenAI has been pressuring departing employees to choose between keeping their stock options and the freedom to speak out against the company. 💼 5️⃣ Engadget: Slack, the corporate messaging platform, is training machine learning models using user messages, files, and other chat data without explicit user consent. 📊 💪 If you enjoyed this update, don't forget to subscribe and like this post!
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3 Major Token Unlocks - May 20-22
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🪙 Crypto News (May 19, 2024): 1️⃣ Tether: The company #Tether has formed a partnership with the non-profit organization The Open Network Foundation (TON) and the payment service Oobit. Together, they aim to develop a comprehensive solution for cryptocurrency payments. 💱 2️⃣ Evmos: California-based project Ripple has announced a collaboration with the #Evmos protocol from Cosmos, which operates on the Ethereum Virtual Machine (EVM). Their joint effort will focus on developing the XRP Ledger EVM sidechain. This sidechain, built on the evmOS solution, will ensure compatibility with #EVM and support the creation and maintenance of native Web3 applications. 🔗 3️⃣ Alchemy: Crypto payment solutions provider #AlchemyPay has partnered with Victory Securities. This partnership will make it easier to access spot ETFs for Bitcoin and Ethereum, as Victory Securities is licensed by Hong Kong's Securities and Futures Commission (SFC). This agreement bridges the gap between traditional finance and digital assets. 📈 4️⃣ HKMA: Hong Kong has officially launched a pilot project for the digital yuan (e-CNY), enabling local residents to conduct transactions with counterparts in Mainland China. 🏦 5️⃣ Lookonchain: A user with the address sundayfunday.sol earned approximately $2.26 million from the new token 1DOL. The trader spent 13 #SOL ($2275) to buy 242 million 1DOL, which, eight hours later, was valued at $2.26 million. Analysts report that the token's value increased 993-fold. 📈 💪 Enjoyed these updates? Don't forget to like and subscribe!
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🤖 AI News (May 18, 2024): 1️⃣ Reddit: Reddit has announced a partnership with #OpenAI to integrate the social platform with the ChatGPT chatbot and other #AI products from the company. As part of the agreement, Sam Altman's startup will gain access to Reddit's API, which "provides structured and unique Reddit content in real-time." This will allow OpenAI's AI tools to better understand and interact with posts on the platform, particularly recent ones. 🤖 2️⃣ Apple: #Apple has revealed new AI-powered accessibility features for iOS and iPadOS, set to roll out on devices "later this year." One of the standout features is eye-tracking, which enables individuals with disabilities to navigate iPhones and iPads using eye contact. 📱 3️⃣ The Information: British AI startup Stability AI has been in discussions over the past few weeks about a potential sale to at least one interested buyer. The company is experiencing a cash crunch, with reports indicating that in Q1 2024, the generative AI developer earned less than $5 million in revenue while suffering losses exceeding $30 million. 📉 4️⃣ WSJ: #Microsoft has asked hundreds of employees in its Chinese cloud computing and AI division to consider relocating to other countries. This request comes amid escalating tensions between China and the United States over AI and semiconductor technologies. 🌏 5️⃣ Ilya Sutskever: Ilya Sutskever, co-founder and chief scientist of OpenAI, has announced his departure from the company nearly 10 years after its inception. 👋 👍 If you enjoyed this update, don't forget to subscribe or leave a comment below!
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