Tesla Shareholders Reject Elon Musk xAI Proposal
Tesla shareholders rejected Elon Musk’s proposal to fund xAI, with over 473 million abstentions counted as votes against, prompting a strategic reassessment by the board. #Update #Crypto $BTC
Crypto News
General category for all types of news related to the cryptocurrency world.
AI Leaders Urged to Respect Human Dignity
Pope Leo XIV urges AI developers to prioritize moral discernment, emphasizing ethical and spiritual dimensions in AI design choices to reflect justice and human dignity. #Update #AI
Google Finance Integrates Polymarket Kalshi Data
Google Finance integrates probability data from @Polymarket and @Kalshi, enhancing search capabilities with AI tools. Initially in India and the USA, global rollout to follow. #Update #Crypto $BTC $ETH
Polymarket Volume: 25% Wash Trading Revealed
Columbia researchers find 25% of @Polymarket’s trading volume may be wash trading, peaking at 60% in December 2024. Regulatory challenges persist for the prediction platform. #Update #Crypto
ICP Surges 7.9% to $7.77 on Volume
$ICP surged 7.88% to $7.77, with trading volume at 20.11 million tokens, 261% above average, indicating strong market engagement and a potential upward trend #Update #Crypto $ICP
OpenAI Seeks Loan Guarantees Amid Denial
OpenAI CEO Sam Altman denied seeking government guarantees for data centers, contradicting an October 27 letter to the White House requesting federal financial support. #Update #Tech
Bitcoin Crashes as Coinbase Users Sell
Bitcoin falls to $100,200 as Coinbase users sell, with the Coinbase Premium Gap remaining negative. Dormant 13,000 BTC moved after 3-5 years. Crypto $BTC
DefiLlama Launches LlamaAI for Onchain Insights
DefiLlama launched LlamaAI, an AI tool for real-time DeFi analysis with features like ranked tables and custom charts, available to DefiLlama Pro subscribers. #Update #DeFi
Square Enix Layoffs: AI Revolutionizes Gaming
Square Enix confirms layoffs in U.S. and Europe, plans to automate 70% of QA and debugging with AI by 2027 amid industry-wide tech adoption. Gaming
Solana Valuation Soars with Wall Street Adoption
As institutional tokenization accelerates, discussions arise on whether $SOL could rival $ETH as the preferred blockchain for Wall Street, potentially reaching a market cap of $880B by 2030. #Update #Crypto $SOL
XLM Tests Key Support After Volatile Session
$XLM experiences modest declines, trading at $0.2702 after a volatile session with 45M tokens exchanged, confirming resistance at $0.2777 and support at $0.2663. #Update #Crypto $XLM
Stablecoins Empower Developing Nations Boost Dollar Strength
European banks are set to issue their own stablecoins, spurred by the US GENIUS Act, enhancing dollar dominance and financial inclusion in developing nations. #Update #Crypto $USDT
Brazil CBDC Strategy Delayed Pilot Halted
The Central Bank of Brazil halts its drex CBDC platform, shifting focus to asset collateralization, as announced by project coordinator Fabio Araujo. #Update #Finance
IREN Shares Surge on Strong Earnings Report
@IREN reported record Q1 earnings with net income of $384.6M, driven by $232.9M from bitcoin mining and a $9.7B AI cloud contract with Microsoft. Shares slid 12%, up 2% pre-market. #Update #Crypto $BTC