● Binance CEO Richard Teng: Blockchain and Web3 technology disruption cycle is accelerating
According to the Binance blog, Binance CEO Richard Teng published an article titled "Incumbents and Insurgents in the Era of Blockchain Innovation", which pointed out that the number of Binance users exceeding 200 million is an important milestone in the history of innovation. Blockchain and Web3 are developing at an unprecedented rate, and the technological disruption cycle is accelerating. Bitcoin, launched in 2009, laid the foundation for a new asset class and attracted global mainstream attention in less than a decade. It took a very short time from the emergence of the technology to the widespread deployment of accessible consumer applications based on it. Currently, millions of people around the world use digital assets to efficiently transfer value online, participate in decentralized financial (DeFi) activities, and benefit from various smart contract-supported functions, from digital art to decentralized autonomous applications.
● CoinShares Weekly Report: Total inflows into digital asset investment products reached $2 billion
According to Odaily Planet Daily, CoinShares' latest weekly report shows that the total inflow of digital asset investment products last week was US$2 billion, bringing the total inflow in the past five weeks to US$4.3 billion. At the same time, ETP trading volume rose to US$12.8 billion last week, an increase of 55% from the previous week.
● Global spot Bitcoin ETFs hold over $70 billion worth of Bitcoin, or 5% of the total Bitcoin supply
According to Odaily Planet Daily, data disclosed by Bitcoin Magazine on the X platform showed that the global spot Bitcoin ETF currently holds more than US$70 billion worth of Bitcoin, and its holdings account for 5% of the total supply of Bitcoin.
● Ethereum spot ETF issuer still awaits SEC comments after submitting first round of S-1 draft
According to PANews, two people familiar with the matter revealed that Ethereum spot ETF issuers are still waiting for comments from the U.S. Securities and Exchange Commission (SEC) after submitting the first round of S-1 form drafts on May 31. Issuers originally expected the SEC to comment on these drafts on June 7, however, at least two issuers have not received any feedback.
A person familiar with the matter said they now expect a response this week. SEC Chairman Gary Gensler said it would "take some time" to approve the S-1 form. It is unclear how long the process will take. A source previously said they expect the S-1 form to go through at least two more rounds of draft documents before it is ready.
● 10x Research: A significant slowdown in stablecoin minting is preventing Bitcoin from breaking through to new all-time highs
According to Golden Finance, 10x Research released a report stating that currently, Bitcoin is close to the top of its range and faces the challenge of breaking through its all-time high. This can be attributed to the Bitcoin halving event on April 20. After the halving, the minting of stablecoins slowed down significantly, and the number of wallets holding more than $10 million in stablecoins decreased. This trend is currently preventing Bitcoin from breaking out to new all-time highs. A large amount of Bitcoin (worth $6.75 billion) has been withdrawn from trading platforms in the past month (down 97,000 BTC to nearly 100,000 BTC). This record flow was primarily driven by two US-focused exchanges, Kraken (down 55,000 BTC or $3.8 billion) and Coinbase (down 24,000 BTC or $1.7 billion).
● Apple releases new personalized AI system Apple Intelligence and establishes partnership with OpenAI
According to PANews, Apple released a new personalized AI system called "Apple Intelligence" at its developer event WWDC. The system will enable the iPhone to prioritize notifications and use writing tools to summarize the user's text. Apple Intelligence is mainly powered by the large language model (LLM) on the device and will run on devices using A17 Pro and its M series chips.
Apple also announced a partnership with OpenAI to integrate its ChatGPT. When users ask Siri some questions, Siri can directly display the answers with ChatGPT's AI capabilities, and on Mac, users can also generate the desired content directly through ChatGPT in various applications.
It is worth noting that Apple’s new AI technology will only support two models, iPhone 15 Pro and iPhone 15 Pro Max. On the iPad, it will support M1 chip and above models, and on the Mac and iMac, it will only support M1 chip and above models.
● Apple's stock price fell nearly 2% after it announced its AI plan, and AI-related cryptocurrencies performed poorly
Apple’s stock price fell nearly 2% after it unveiled its AI plans at its annual developer conference, according to CoinDesk. The news had a knock-on effect on AI-related cryptocurrencies, causing them to underperform in the broader digital asset market.
Cryptocurrencies related to artificial intelligence (AI) slipped on Monday as Apple's (AAPL) much-anticipated annual developer conference failed to excite traders. Native tokens of Render (RNDR), Fetch.ai (FET) and SingularityNET (AGIX) fell 3%-5% in the past 24 hours, while Bittensor's TAO fell nearly 6% in the same time. Layer-1 network Near Protocol (NEAR) also fell 3.2%.
