Today's news tips:
1. Argentine regulators in talks with Salvadoran authorities on Bitcoin adoption
2. Apple is reported to have reached an agreement with OpenAI to introduce ChatGPT into iOS 18
3. Friend.tech co-founder Racer hinted that he would leave the Base network, causing FRIEND to fall below $1
4. GCR's X account was stolen in the early morning and released false news, causing ORDI prices to soar
5. Korean media: Binance sold the assets and claims of GOPAX victims at less than half of their face value, causing GOPAX to lose tens of billions of won
6.xAI announced the completion of a $6 billion Series B financing, with participation from a16z and others
7. The total TVL of the TON network exceeds $300 million, an increase of more than 10 times since the beginning of March
8.Meme project MOG rose to $0.000001578, a daily increase of 56.3%
Regulatory News
Argentine Regulators in Talks with El Salvador Authorities on Bitcoin Adoption
According to Cryptonews, Argentine regulators have held talks with Salvadoran authorities on Bitcoin adoption. Senior officials from the Argentine National Securities Commission (CNV) met with the head of the Salvadoran National Digital Asset Commission (CNAD) last week. The two sides discussed a cooperation agreement related to digital assets. Argentine officials hope to learn from El Salvador's experience in using Bitcoin as legal tender and plan to sign a cooperation agreement.
AI&NFT
Apple plans to integrate AI tools into core apps like Safari, Photos and Notes
Apple will unveil a slew of new AI features at its developer conference next month, focusing on tools that ordinary consumers use every day, according to Bloomberg. The core strategy, Project Greymatter, integrates AI tools into core apps like Safari, Photos, and Memos. These features run partially on the device, while high-performance requirements are handled in the cloud, which is powered by the M2 Ultra chip. iOS 18 and macOS 15 will introduce features like voice memo transcription, AI photo retouching, improved Spotlight search, Safari web search improvements, and automatic reply suggestions. The Siri personal assistant will be upgraded based on Apple's own large language model, and Siri on the Apple Watch will also be enhanced.
In addition, Apple is also developing the ability to create custom emojis based on user text and improving the customization of the iPhone home screen (iOS 18 will support app icon customization). Apple emphasized its commitment to privacy, explaining how cloud AI keeps data secure and is in talks with OpenAI to integrate its chatbot.
SoftBank seeks $9 billion in annual AI investments
SoftBank is reserving its muscle for bigger deals for its most radical transformation yet, but still plans to spend nearly $9 billion a year on artificial intelligence, according to the Financial Times.SoftBank’s chief financial officer said the company wants to increase its investments in artificial intelligence companies, but he declined to comment on media reports that Arm and SoftBank are considering producing artificial intelligence chips.
Apple reportedly reaches agreement with OpenAI to bring ChatGPT to iOS 18
Bloomberg technology reporter Mark Gurman said in the latest newsletter that Apple (AAPL.O) has reached an agreement with OpenAI to integrate the latter's chatbot ChatGPT into iOS 18, and the partnership between the two parties is expected to be officially announced at WWDC 2024. Uneasy about letting OpenAI become the sole supplier of a major new feature for iOS, Apple is still working on reaching an agreement with Google to offer Gemini as an option.
Project News
Friend.tech co-founder Racer hints at leaving Base network, causing FRIEND to fall below $1
According to The Block, the price of Friend.tech fell by more than 20% after its co-founder Racer hinted that he would leave Base. Racer's statement caused market concerns, causing investors to sell their Friend.tech tokens. Friend.tech had previously achieved certain development and user base on the Base platform. According to CoinGecko data, FRIEND is now trading at $0.9697, down 35.0% in 24 hours.
"System Design Bounty: If you can find a way to migrate Friend.tech off of Base without causing major issues for users, and it works well enough that we decide to use it, we will pay you $200,000," Racer said on X. In another post, Racer explained that the Friend.tech team has had a rocky relationship with Base, saying, "Farcaster's investors went crazy trying to discredit us when we launched because they misunderstood what we were doing. They put a lot of pressure on the team and users, and since then our relationship has gone downhill and we have been ostracized by the 'Base community.'" It is worth noting that at some point on Sunday, Racer's post was no longer accessible, and it is unclear whether they deleted their account after the post was published.
In response, Coinbase’s head of Base, Jesse Pollak, admitted that the Friend.tech team felt “isolated and disconnected” from Base and parts of the Ethereum ecosystem. “I would be sad if the team decided to leave Base, but I would respect and support either path — that’s the beauty of a decentralized, on-chain economy,” Pollak wrote.
GCR's X account was stolen in the early morning and released false information, causing ORDI prices to soar
According to market news, the X account @GCRClassic of the well-known trader GCR was stolen, and the hacker posted a message that he was "bullish and heavily invested in ORDI". Affected by this, the price of ORDI rose from around 38 USDT to 44.5 USDT in the short term and then fell back. The hacker established a position on OKX PERP and Binance SPOT 6 minutes in advance before posting the malicious tweet.
It is reported that GCR is a legendary whale trader who became famous for his public bet of 10 million US dollars with Luna founder Do Kwon. At that time, he believed that the price of Luna would be lower than the current price within a year and successfully shorted it.
In addition, recently, the X accounts of multiple crypto KOLs/media celebrities were hacked and falsely promoted Meme coins.
Nomura and GMO to explore issuing stablecoins in Japan
Laser Digital, the digital asset unit of Japanese banking giant Nomura, has partnered with Japan-based GMO Internet Group to explore issuing a stablecoin in the country.
In a statement released on Monday, the two companies said they plan to explore issuing, exchanging and circulating stablecoins denominated in yen and U.S. dollars. The partnership also plans to offer "stablecoin-as-a-service" products to assist companies in issuing stablecoins. Such products may include regulatory compliance management, blockchain integration and back-end transaction management, the statement said. Through this partnership, Nomura Securities and Laser Digital will focus more on cryptocurrency trading, asset management and venture capital, while GMO plans to contribute more on the technology side.
South Korean media: Binance sold the assets and claims of GOPAX victims at less than half of their face value, causing GOPAX to lose tens of billions of won
According to Korean media hankyung, Binance, the largest shareholder of the Korean exchange GOPAX, sold the asset claims of GOPAX victims at less than half of their face value. Initially, Binance promised to fully compensate investors in the virtual deposit service GoFi for the losses caused by the interruption of fund withdrawals last year (about 70 billion won at the time). In return, Binance acquired GOPAX shares at a price significantly below the market price and became the largest shareholder. However, Binance did not use its own funds to compensate for the losses, but sold the victims' asset claims at a low price to pay the compensation, which was actually an act of "debt for debt".
In the process, after Binance sold the victims' asset claims, the prices of virtual assets including Bitcoin soared, and the amount of losses continued to increase. It is estimated that GoFi's debt amount is about 100 billion won after deducting the repaid part, causing GOPAX to lose at least tens of billions of won.
Financing News
xAI announces completion of $6 billion Series B financing, with participation from a16z and others
Musk's artificial intelligence company xAI announced that it has completed a $6 billion Series B financing round. This round of financing was participated by well-known investors such as Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding.
This round of financing will be used to bring xAI’s first product to market, build advanced infrastructure, and accelerate the research and development of future technologies.
Musk later said: xAI's pre-investment valuation is $18 billion.
Important data
Aptos network has more than 116 million transactions per day, ranking first among all public chains
Artemis data shows that the Aptos blockchain network had 116.6 million transactions per day the day before yesterday (May 25), ranking first among all public chains, far exceeding other chains.
The total TVL of the TON network exceeds $300 million, an increase of more than 10 times since the beginning of March
According to Defillama data, the total locked value (TVL) of the TON blockchain network has exceeded $300 million and is currently $315.95 million, an increase of more than 10 times since the beginning of March. TVL is driven by decentralized exchanges such as Ston.fi and Dedust, as well as liquidity staking projects such as Tonstakers and bemo.
Data: Today’s trading volume of 6 Hong Kong virtual asset ETFs is about HK$58.7 million
Hong Kong stock market data shows that as of the close, the transaction volume of the six Hong Kong virtual asset ETFs today was about HK$58.7062 million. The transaction volume of Ethereum ETF exceeded that of Bitcoin ETF. Among them, the transaction volume of Huaxia Bitcoin ETF (3042.HK) was HK$21.1897 million, the transaction volume of Huaxia Ethereum ETF (3046.HK) was HK$22.9251 million, the transaction volume of Harvest Bitcoin ETF (3439.HK) was HK$2.1774 million, the transaction volume of Harvest Ethereum ETF (3179.HK) was HK$7.4299 million, the transaction volume of Bosera HashKey Bitcoin ETF (3008.HK) was HK$2.5254 million, and the transaction volume of Bosera HashKey Ethereum ETF (3009.HK) was HK$2.4587 million.
Meme project MOG rose to $0.000001578, a daily increase of 56.3%
According to CoinGeck data, Meme coin MOG is currently trading at $0.000001578, up 56.3% in 24 hours. The current market value is $620 million, and the 24-hour trading volume is $77.29 million.
Arkham: Trump's cryptocurrency holdings worth more than $10 million
According to Arkham data, Donald Trump's cryptocurrency holdings are worth more than $10 million. Recently, as the price of memecoin TRUMP has risen, the value of the assets held has increased significantly. Currently, the address holds 579,000 TRUMP and 463 ETH, etc.
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