Decentralized computing is overtaking centralized providers like AWS, offering cost-efficient AI development by using global unused GPUs. This democratizes access for smaller businesses while improving data privacy through techniques like federated learning. #AI #Update
Fold, a Bitcoin fintech firm, plans to go public via a merger with FTAC Emerald Acquisition valued at $365M. The deal, expected to close in Q4, will make Fold the first Bitcoin-powered financial services company. #Bitcoin #Update
Fireblocks has launched “Fireblocks for Startups,” offering blockchain tools like treasury management, custody wallets-as-a-service, and non-custodial key management. This suite aims to bolster security for growing startups. #Blockchain #Crypto #Update
Bitcoin ETFs and exchanges now impact the market up to 8x more than miners, with CEXs holding 3M BTC and ETFs 887K BTC. Miners hold 705K BTC. $BTC nears $68,500, eyeing the $70K barrier. #Bitcoin #Update
Swiss tech company @ProtonMail launches Proton Wallet, a self-custody Bitcoin wallet on web, Android, and iOS. It enables Bitcoin transactions via email, even without Proton Mail, and offers onramps in 150+ countries. #CryptoNews #Update
Ferrari expands crypto payments to Europe by end of July, accepting $BTC, $ETH, and $USDC. This follows a successful U.S. launch and aligns with their commitment to new tech and renewable energy. #Update #Ferrari #Crypto
Ripple ($XRP) surges 50% amid anticipated SEC settlement, despite high volatility. Kaspa ($KAS) up 75% YTD thanks to improved blockchain. Raboo ($RABT) raises $2M in presale, leveraging generative AI for memes. #Update #CryptoNews
AI investment could hit $1 trillion, but experts are divided. MIT’s Daron Acemoglu sees minimal impact, while Goldman Sachs’ Joseph Briggs predicts significant gains. Bitcoin miners pivot to AI amid rising computational demands. #Update #AI #Crypto
Coinbase urges a NY court to compel the SEC to release documents on Gary Gensler’s crypto regulation talks. This could impact future transparency in crypto regulation. #CryptoNews @coinbase @SECGov #Update
Mt. Gox moves $2.47B in Bitcoin to @Bitstamp as part of creditor repayments. 32,371 BTC worth $2.13B sent to a new address, 5,106 BTC valued at $336.61M to Mt. Gox Cold Wallet. $BTC stable at $66,360. #Update
Newly launched Ether ETFs surpassed $1B in trading volume on the first day. Fidelity’s Ethereum Fund ($FETH) led with $71.3M inflows, while Grayscale’s Ethereum Trust ($ETHE) saw $484.9M outflows. Ether closed at $3,486.75. #Update
Crypto whales bet big on $XRP, $DOGE, and Rollblock’s presale. $XRP surged 30%, while 60M $DOGE was acquired, anticipating 70% gains in 6 months. Rollblock raised $1.25M, offering a no-KYC play-to-earn casino on Ethereum. #Update
Colorado-based @RiotPlatforms acquires Kentucky’s Block Mining for $92.5M, boosting operational capacity by 16 EH/s. The deal includes $18.5M cash and $74M in stock. Despite the expansion, $RIOT shares fell 5.3% to $11.59. #BitcoinMining #Update
Hex Trust receives approval from the Monetary Authority of Singapore to offer Digital Payment Token services, enhancing regulatory clarity for institutional clients’ digital asset management. This follows their 2023 Dubai license and $104M funding. #CryptoRegulation
