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📣 Microsoft Creates Top Secret Generative AI Service for US Spies #Microsoft Corp. has deployed a generative AI model entirely divorced from the #internet , saying US intelligence agencies can now safely harness the powerful #Technology to analyze top-secret information. #CryptoWatchMay2024 #CryptoWatchMay2024

📣 Microsoft Creates Top Secret Generative AI Service for US Spies

#Microsoft Corp. has deployed a generative AI model entirely divorced from the #internet , saying US intelligence agencies can now safely harness the powerful #Technology to analyze top-secret information.

#CryptoWatchMay2024 #CryptoWatchMay2024

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Bitcoin ETFs Show 'Staying Power,' Top Analyst Says After their breathtaking record-shattering debut earlier this year, Bitcoin ETFs are showing strong staying power According to leading analyst Eric Balchunas, Bitcoin exchange-traded funds (ETFs) are showing staying power.  These products are currently on a 15-day inflow streak, performing on par with some of the top ETFs.  Balchunas has noted that Bitcoin's ability to bounce back with "renewed interest" after several major sell-offs is "rare." According to ETF analyst Nate Geraci, the iShares Bitcoin Trust (IBIT) has now surpassed $20 billion in assets under management. It managed to reach the aforementioned mark in less than five months, which is the current record.  On Monday, spot Bitcoin ETFs attracted $105 million worth of inflows. Fidelity's product was in the lead with $77 million. "Relentless. Thoughts and prayers for the anti-crypto crowd. This has to hurt," Balchunas said while commenting on the recent streak of inflows. The analyst recently noted that Fidelity's Bitcoin ETF accounts for a staggering 56% of the total flows recorded by the Boston-based financial giant. #BlackRock 's IBIT also accounts for more than a fourth of all flows recorded by the asset manager.  Even Hong Kong-based spot #BitcoinETFs are seeing some love from investors, recording $31.73 million worth of inflows on Monday. It is their best day to date. These ETFs started severely underperforming shortly after their much-hyped debut. It remains to be seen whether the current streak of inflows will make it possible for Bitcoin to reclaim the $70,000 mark.  Meanwhile, analysts are discussing upcoming spot Ethereum ETFs that are yet to start trading in the U.S. However, #JPMorgan expects these ETFs to attract lower-than-expected inflows. #BNBCrossing660 #StartInvestingInCrypto
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