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🚨US Stock Exchanges Closed. S&P500: +0.81% Nasdaq: -0.01% Dow Jones: +1.51%

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Dow Jones: +1.51%

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Elon Musk buys 100 thousand chips for 40 thousand dollars! Here's why Elon Musk can't stop. This time, Musk is purchasing 100 thousand chips for his new artificial intelligence initiative xAI. Musk announced that he raised $6 billion in funding for xAI, which he founded last summer. So, what will this huge budget be used for? Let's examine this exciting news in detail. Elon Musk is buying 100 thousand Nvidia-branded chips for his artificial intelligence company xAI This $6 billion raised will be used to bring xAI company's first products to market, create advanced infrastructure, and accelerate research and development of future technologies. So far, xAI has introduced a chatbot called Grok, which it developed as a rival to OpenAI's #ChatGPT . Grok is currently only available to X Premium subscribers. This funding round included giant investors such as Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal. Last year, xAI announced it was seeking equity investment of up to $1 billion. However, a few months ago, The Financial Times reported that xAI was seeking $6 billion, and Musk denied the report at the time. Now we see that $6 billion has actually been collected. Developing artificial intelligence is not cheap. Nvidia's upcoming Blackwell B200 AI graphics cards range from $30,000 to $40,000 each. According to a report last week, xAI will require 100,000 of #Nvidia's existing H100 chips to power the upgraded version of its #Grok AI chatbot. #Musk told investors they plan to launch the new data center in the fall of 2025. The race for #AI chips, talent and technology has never been this competitive. Major technology giants such as Google, Apple, Amazon, Microsoft and Meta spend billions of dollars on artificial intelligence projects. Microsoft has formed a multibillion-dollar partnership with OpenAI. OpenAI CEO Sam Altman is seeking trillions of dollars to revamp the global chip industry. Musk, on the other hand, is suing OpenAI, claiming that it has deviated from its mission to benefit humanity. $XAI
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The celebrity who issued meme coin in Solana earned 400 thousand dollars in 4 days It was revealed that US television presenter and social media phenomenon Caitlyn Jenner earned more than 400 thousand dollars from the meme coins she issued in a few days. It seems that Jenner has issued meme coins both in her own name and in the name of other celebrities and has made a profit from her investments in them. While the year 2024 continues to be the "meme coin" bull, the tokens issued especially on the Solana network also left their mark on this year. Solana meme coins made such a big impact that eventually celebrities could not remain indifferent to this trend. The coin that the famous American television programmer and gold medalist former athlete Caitlyn Jenner recently issued in her name made a sensation. Even though her fans claimed that the Jenner, a Trump supporter, has 3.3 million followers on X alone. This is very important for him to use his social media power... While Jenner's video and tweets attracted the attention of the crypto world, the on-chain tracking company Lookonchain also scrutinized the movements of the famous programmer and eventually reached interesting details. Jenner, who initially issued coins only in her own name, then expanded the business even further! Jenner, who invested only 1.3 SOL in the coin he issued in his name, made a tremendous profit and earned 252 SOL. Jenner later invested these #SOL tokens in other tokens he issued and made a profit from them. Jenner sent SOL tokens to Binance after each profit he made, thus realizing his profits. It can be seen that Jenner issued 12 meme coins in total, bought these coins using the names of other celebrities, and eventually obtained 2381 #SOL (approximately 405 thousand dollars). $BTC $SOL
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A Crypto Whale Used His Bitcoin and ETH to Borrow This Altcoin! The decisions taken by major investors in the cryptocurrency industry can deeply affect the price movements of other crypto assets. Small cryptocurrency investors closely follow the moves of large investors in uncertain times like recent ones. Ember, a successful on-chain data provider, recently discovered a whale borrowing #BNB loaded with Bitcoins and Ethereums and provided the following information: “The giant cryptocurrency whale withdrew 8,400 #ETH (worth $31.86 million) and 360 #BTC (worth $24.54 million) from Binance in the last 2 hours and deposited these assets to Venus. Balina then used these assets as collateral and borrowed 58,000 BNB ($34.45 million) from Venus and transferred all of the BNB to Binance.” Following the moves of this crypto whale, market experts claimed that #Binance would soon share a new launch pool announcement. Although the new crypto asset to be added to Binance Launchpool is currently unknown, it seems likely that this project will be Data Ownership Protocol (DOP), which recently moved to the mainnet and announced that it will debut in June. $BTC $ETH $BNB
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OpenAI Announces "ChatGPT Edu", the Version of ChatGPT for Universities OpenAI announced "ChatGPT Edu", a custom version of ChatGPT. This new system appeals mostly to universities. According to OpenAI, ChatGPT Edu will be affordable. #OpenAI , one of the important names in the artificial intelligence industry, announced that it has created a special version of ChatGPT. The new artificial intelligence, which will appeal mostly to universities under the name "ChatGPT Edu", seems to make the lives of academics and students easier. Powered by GPT-4o, ChatGPT Edu was developed to help academics and students. Those who use the new system will be able to get power from artificial intelligence in subjects such as text interpretation, coding and mathematics. In addition, this package will include features such as internet access, support for more than 50 languages ​​and document summarization, as well as capabilities such as creating special versions of #ChatGPT with GPT models. OpenAI, in its statements about ChatGPT Edu, said that universities have already started using artificial intelligence. Stating that #ChatGPT is used at Oxford, Pennsylvania, Columbia and Texas Universities, the company announced that they wanted to make the work of academics and students a little easier and created #ChatGPT Edu. #ChatGPT Edu is a program that institutions can purchase for a fee. Although OpenAI did not say anything about how much those who want to have this package will have to pay, it said that it will be "affordable".  $BTC
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Dogecoin Whales Accumulate 700 Million DOGE in 72 Hours: Huge Increase in Whale Activity. Dogecoin's recent price movements have been around $0.158 and have experienced a 4 percent decline in the past week. But this hasn't deterred whale investors. Over 700 million DOGE, worth approximately $112 million, were purchased by whales in the last 72 hours. This significant accumulation shows that large investors are making a strategic move to benefit from current market conditions. Although it has had a mixed performance, rising 17 percent last month but falling last week. Whaling activity continued to increase. Assets between 100 million and 1 billion DOGE have increased significantly since May 29, coinciding with a reversal of a downward trend. Crypto analyst Ali Martinez states that this accumulation trend is an indicator of a potential recovery in the Dogecoin market. Singapore-based crypto trading firm QCP Capital also observed that traders are shifting their focus to classic meme coins like Dogecoin. This trend highlights that #DOGE remains attractive among large-scale investors. Shiba Inu (SHIB) and #Pepe (PEPE) are also making waves in the market. Over the past two weeks, more than 4 trillion SHIB tokens worth approximately $103 million have been transferred to crypto exchanges. This increase in activity may have increased interest in SHIB trading, which may have been driven by recent price movements. Shibarium, Shiba Inu's layer-2 scaling solution, has achieved significant milestones since its launch in August last year. The network has processed more than 5 million blocks and more than 417 million transactions have been processed. The number of wallet addresses exceeded 1.8 million. These developments highlight the increasing use and adoption of #SHIB in the crypto ecosystem. $DOGE $SHIB $PEPE
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