On the May 31 Bitcoin options expiration date, bulls are challenged to push the price above $70,000 to make a profit of $270 million, with Deribit holding 71% of the market.
Last week, digital asset investment products had a net inflow of US$1.05 billion, the third consecutive week of inflows. The cumulative inflow hit a new high of US$14.9 billion this year. Most of the funds flowed into Bitcoin ETP, while Ethereum and Solana also had significant inflows. It shows that market sentiment has generally turned positive.
The ERC7660 protocol has passed pre-review by the Ethereum Foundation, provides automated linear release function for memecoin, and has launched related infrastructure. The first meme token $DICK based on this protocol is undergoing airdrops.
OpenAI announced the establishment of a security committee and has begun training the next-generation cutting-edge model GPT-5, aiming to reach the next level of AGI capability, but the new model is not expected to be publicly released until next year.
The artificial intelligence infrastructure project GaiaNet successfully completed a US$10 million seed round of financing, aiming to develop a decentralized AI tool network, provide more private and secure educational tools, and cooperate with the University of California, Berkeley, to develop AI chat designed for STEM students Robot "teaching assistant".
FLock.io has launched a network application that supports customized AI models for Web3 and Web2 projects. It participates in tasks by staking tokens, provides diversified participation methods such as training nodes, verifiers, and delegators, and uses on-chain model consensus to determine rewards. Distributed to promote data privacy protection and network efficiency.
The oracle protocol Switchboard completed a $7.5 million Series A round of financing, led by Tribe Capital and RockawayX, with the total guaranteed value reaching approximately $1.75 billion.
DePIN infrastructure Parasail completed a US$4 million seed round of financing, led by Protocol Labs, with a total valuation of US$50 million. The new funds will be used to accelerate the implementation of product functions and improve the security of hardware services. Currently, Parasail TVL has exceeded US$50 million. .
Fed official Kashkari predicts no more than two interest rate cuts in 2024
