Nvidia's 10-year outperformance of Bitcoin is unlikely to repeat in the next decade, say crypto experts. Over the last decade, Nvidia, a tech company that produces chips for AI models, has returned 21,558%, outpacing Bitcoin's 13,048% return. However, Swan Bitcoin CEO Cory Klippsten and investment strategist Lyn Alden believe Bitcoin will outperform Nvidia in the next 10 years. Since the approval of spot Bitcoin ETFs in January, Bitcoin has slightly outperformed Nvidia, returning 31.7% compared to Nvidia's 30.2%. Despite this, some warn of a significant Bitcoin correction in the future.

AI crypto trading bots are gaining traction among investors, offering automated trading capabilities and the potential for 24/7 market monitoring. These bots use AI, machine learning, or algorithms to execute trades based on predefined parameters. Training an AI bot is a risk management technique that helps traders minimize losses and maximize profits. The process involves choosing a secure bot, connecting it to a cryptocurrency exchange, setting up and customizing trading strategies, backtesting strategies, and continuously monitoring markets and performance. While AI bots can save time and prevent emotional decision-making, they are not infallible and require careful setup and monitoring.

Crypto mining giant Marathon Digital has teamed up with Kenya's Ministry of Energy and Petroleum (MOEP) to boost the country's renewable energy sector. The partnership will focus on sharing technical knowledge, policy ideas, investment strategies, and developing crucial energy infrastructure. More than 80% of Kenya's electricity comes from renewable sources, including wind, solar, hydroelectric, and geothermal energy. The move marks a surprising shift for Kenya's government, which has previously been cautious about blockchain and cryptocurrency projects.

Hong Kong regulators are considering allowing crypto ETF issuers to stake their custodied Ether, potentially earning a yield of up to 3.6% per annum. Meanwhile, Worldcoin, a crypto project by OpenAI CEO Sam Altman, has been sanctioned in Hong Kong for alleged privacy violations. In other news, Binance co-founder Yi He and Bitget CEO Gracy Chen, both former Chinese TV hosts, now run the world's largest crypto exchanges. Hong Kong gaming firm Boyaa Interactive has seen its profits soar twelvefold after investing $100 million in crypto. Lastly, Inkeverse Group Limited, a Hong Kong entertainment streaming group, plans to invest up to $100 million in cryptocurrencies.

Delaware's Supreme Court has overturned a previous ruling, reviving BitGo's $100M lawsuit against Galaxy Digital over a botched acquisition. The state's supreme court found the language in the $1.2B merger agreement, which Galaxy terminated in August 2022, to be "ambiguous". BitGo had accused Galaxy of an "intentional breach" of the agreement, claiming Galaxy had no right to drop the deal after BitGo failed to provide audited financial statements from 2021. The case will now return to the Chancery Court for further consideration.

Chainlink (LINK) has seen a 7% price increase on May 24, despite a downturn in the wider cryptocurrency market. Currently priced at $17.04, LINK has seen a 30% increase in May. On-chain metrics reveal a positive sentiment for LINK price, with the ratio of profitable transactions to loss-making ones standing at 11 to 1. Activity on the Chainlink network has been increasing since mid-May, indicating a higher demand and value for LINK. Data shows that the LINK price bounced off a support line at $13 on May 15, rising 36% to a six-week high at $17.50 on May 24. Traders expect more upside for LINK price, with some predicting it will surpass the $50 mark during this bull run.

Crypto custody is booming, with Taurus and Fireblocks joining the fray. Ripple predicts the market could hit $10 trillion by 2030. Meanwhile, Coinbase has welcomed Kendrick Meek to its digital asset regulatory council, aiming to revamp US digital asset regulations. Kraken denies plans to delist stablecoins in Europe, and Grayscale's CEO steps down, to be replaced by ex-Goldman Sachs exec Peter Mintzberg. Prometheum launches an Ether custody service treating ETH as a security. Binance.US wins its appeal to reinstate its Florida license, saving 170,000 account holders from potential financial losses. Stay tuned for more crypto updates!

Solana is set to launch a full version of the Firedancer upgrade in 2025, with preliminary versions rolling out beforehand. The upgrade aims to enhance Solana's reliability and scalability amid growing network activity from decentralized infrastructure protocols. DePIN, or decentralized physical infrastructure networks, are seeing a surge in use cases within the Solana ecosystem, from decentralized energy solutions to data collection. However, network congestion and outages remain challenges for developers. The recent outage on Feb. 9 caused nearly five hours of downtime for the Solana network.

The Ethereum Foundation is set to implement a conflict of interest policy following controversy over its ties with EigenLayer developers. Two Ethereum researchers, Justin Drake and Dankrad Feist, recently became paid advisers at EigenFoundation, with Drake revealing he would receive incentives worth millions of dollars. Both researchers insisted their roles at EigenFoundation were personal and would not influence their work at Ethereum. The move sparked mixed reactions, with some praising their transparency and others expressing skepticism. The Ethereum Foundation's executive director, Aya Miyaguchi, announced the new policy, promising more details soon.

Ether (ETH) has surged over 20% since May 20, following the launch of exchange-traded funds (ETFs) in the US, outperforming Bitcoin (BTC). Experts suggest that Ether's dominance could lead BTC to retest prior price support levels. They advise considering market-neutral strategies, such as the "covered strangle" which bets against extreme volatility. The safest option for BTC holders may be longing BTC futures on established platforms like the Chicago Mercantile Exchange (CME). However, Bitcoin spot ETFs are recommended for most holders, with BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) offering a balance between security and cost.

The U.S. Securities and Exchange Commission (SEC) has approved the Ethereum spot exchange-traded fund (ETF), but the price of Ether (ETH) failed to hold above $3,800, surprising many as ETH was trading at $3,943 just two days prior. Despite the ETF approval, Ether remains 24% below its all-time high of $4,868 from November 2021. Over the past 30 days, Ethereum network usage metrics have shown a lack of growth in decentralized applications (DApps) volumes and deposits. Miner-extracted value (MEV) has also posed a challenge for Ethereum, leading to network congestion and higher gas fees. Ongoing regulatory actions against Consensys and the Ethereum Foundation continue to cast a shadow over Ether's performance.

OpenAI's ChatGPT AI model is still not compliant with EU data privacy laws, according to a recent report by the European Data Protection Board (EDPB). Despite efforts to align with the General Data Protection Regulation (GDPR), the EDPB found the measures taken by OpenAI insufficient. The main concern is that ChatGPT, due to its probabilistic nature, can produce biased or inaccurate information, which users might perceive as factually accurate. The EDPB stressed that technical impossibility cannot justify non-compliance, leaving OpenAI with the challenge of bringing ChatGPT into compliance.

DeFi week in review: Uniswap is ready to battle the SEC over a Wells notice issued to the firm, calling the agency's case "weak". Meanwhile, Bitcoin Runes has seen an 84% drop in transactions since its peak in April. Ethereum co-founder, Vitalik Buterin, advocates for zero-knowledge likes on the new decentralized social media platform, Farcaster. The total value locked in DeFi protocols has surged $10 billion, surpassing $100 billion once again. In other news, StarkWare introduces ZKThreads, a framework aimed at preventing trapped funds and enhancing the scalability of decentralized applications. Stay tuned for more DeFi updates!

In a bid to repay creditors and former clients, the bankrupt FTX estate has sold its remaining Solana (SOL) tokens to Pantera Capital and Figure Markets. The tokens, valued at $2.6 billion, were sold at a discounted rate of $102 per token, a bargain compared to SOL's current market price of $168. Figure Markets acquired 800,000 SOL tokens, with Pantera Capital buying the rest. The sale, however, has sparked controversy, with some creditors criticizing the estate's decision to sell assets at such low prices. Despite this, SOL's price remains strong, with a steady uptrend since November 2023.

The US Securities and Exchange Commission (SEC) has approved several spot Ether exchange-traded funds (ETFs), expected to launch by mid-June. However, the decision did not significantly impact Ether or the crypto markets, suggesting the ETF decision was already priced in. Meanwhile, Bitcoin's price dipped after the approval of the spot Bitcoin ETFs, but later rallied to a new all-time high. Fundstrat Global Advisors' Tom Lee remains bullish on Bitcoin, predicting a year-end price of $150,000. The crypto market continues to see a tussle between buyers and sellers, with various cryptocurrencies experiencing volatile price movements.

Coinbase is standing firm against the United States Securities and Exchange Commission (SEC), arguing that the SEC is sidestepping the Howey test in its case against the crypto exchange. The dispute revolves around whether an investment contract requires a contractual undertaking, a point the SEC has argued against. Coinbase has also pointed out inconsistencies in the SEC's claims in its case against Ripple. This comes as the House of Representatives passed a bill limiting the SEC's jurisdiction. The SEC's lawsuit against Coinbase alleges violations of securities law, including claims about its staking program and the listing of certain cryptocurrencies.

Investigation into Sullivan & Cromwell LLP, the law firm overseeing the FTX bankruptcy, found the firm was unaware of the fraud leading to the exchange's collapse. The investigation, led by former U.S. prosecutor Robert Cleary, revealed the firm made false statements without knowing they were false. Sullivan & Cromwell faced criticism from FTX creditors and clients who questioned the firm's integrity due to its pre-bankruptcy work with FTX. FTX filed for Chapter 11 Bankruptcy on Nov. 17, 2022, after Binance canceled a tentative deal to acquire the exchange due to concerns about FTX's financial position and missing customer assets.

Elon Musk, the world's richest person, has reiterated his belief that artificial intelligence (AI) will eventually take over all human jobs, leading to a need for a "universal high income". Speaking at the VivaTech 2024 event in Paris, Musk suggested that humans might find purpose in giving AI meaning. He also revealed that his AI company, xAI, has secured $6 billion in funding and is valued at $18 billion. Despite currently lagging behind industry leaders, Musk believes xAI could be competitive by the end of 2024, and that AI will surpass human abilities by 2025.

The fate of Terraform Labs co-founder Do Kwon is in the hands of Montenegro’s High Court, following a successful appeal from Kwon's legal team. The court will decide whether to extradite Kwon to the United States or South Korea, where he faces criminal charges. Kwon was arrested in Montenegro in March 2023 for using falsified travel documents. In April, a U.S. court found Terraform and Kwon liable for fraud in a case brought by the Securities and Exchange Commission (SEC). If extradited to South Korea, Kwon faces an indictment for fraud and violations of capital markets law.

In the latest episode of Hashing It Out, Anurag Arjun, co-founder of Avail, discusses the challenges and future of the Web3 ecosystem. Arjun highlights the issue of fragmentation due to the rise of layer-1 and layer-2 blockchains, advocating for a modular architecture where multiple blockchains can operate on a secure base layer. Avail aims to tackle this fragmentation by providing a reliable base layer for rollups, facilitating the creation of numerous blockchains with different execution environments. Arjun also emphasizes the importance of clear communication and realistic expectations in conducting token airdrops, following Avail's recent $600 million airdrop. He concludes with optimism about the future of Web3, anticipating advancements in rollup technology and increased awareness outside the crypto bubble.