Nvidia CEO Skips Trump-Xi Beijing Summit
Nvidia CEO Jensen Huang excluded from Trump-Xi summit as US shifts focus from technology to agriculture and aviation, impacting Nvidia’s China revenue. #Update #Tech
Circle’s Arc Token Presale Raises $222M
Circle raised $222M in the Arc token pre-sale, valuing the project at $3B with backing from a16z crypto and BlackRock. USDC transaction volume surged 263% to $21.5T. #Update #Crypto $USDC
Bitcoin Golden Cross Sparks Potential Price Rally
Bitcoin’s MVRV ratio indicates a bullish trend with a potential breakout, as analysts predict BTC could rise significantly beyond $92,000, following recent price movements. #Update #Crypto $BTC
XRP Soars as David Schwartz Joins Foundation
David Schwartz joins the XRP Ledger Foundation as an Honorary Board Member, enhancing its technical oversight. Ripple CEO Brad Garlinghouse also received the ‘Business Leader of the Year’ award from Harvard Business School. #Update #Crypto $XRP
Anchorage Exits Robinhood Kraken Stablecoin Group
@Anchorage is stepping back from its prominent role in the Global Dollar stablecoin consortium, which includes @Robinhood and @kraken, adopting a more neutral stance on stablecoins. #Update #Crypto $USDG
Baidu AI Surpasses Models at 94% Less Cost
Baidu’s ERNIE 5.1 AI model costs 94% less to train than peers, ranking fourth globally on LMArena Search. #Update #AI
Bitcoin Exits Panic Zone Capital Weak
Bitcoin exits the ‘panic zone’ as on-chain analysis shows weak capital inflows, indicating cautious investor sentiment despite market stabilization. #Update #Crypto $BTC
Bitcoin Sale Sparks Treasury Risk Concerns
MicroStrategy ($MSTR) considers selling some of its 818,869 $BTC holdings to fund dividends, amid a $12.5B net loss from BTC’s decline. #Update #Crypto $BTC
AI Threatens Language Learning Engagement
AI translation tools like @DeepL may reduce interest in learning languages and exploring cultures, as they simplify communication but risk eroding emotional connections. #Update #Crypto $MATIC
Stablecoin Adoption Drives Circle Stock 15% Surge
Circle’s shares surged nearly 16% to $131.76, driven by strong earnings and a $222M presale of its ARC token, with analysts predicting further upside. $USDC now has $77B in circulation. #Update #Crypto $CRCL
Sui Price Surges 50% Can Rally Last
SUI price surged over 40% this week, hitting $1.41, driven by SUI Group Holdings’ treasury shift reducing liquid supply and upcoming CME futures launch on May 29 boosting institutional interest. #Update #Crypto $SUI
Circle Bets Big on $3 Billion Blockchain
@Circle’s upcoming Arc blockchain aims to bridge compliance gaps for financial institutions, raising $222 million in a presale and valuing it at $3 billion; shares surged 15% amid mixed earnings. #Update #Crypto $USDC
OpenAI Launches Daybreak in Cybersecurity Expansion
OpenAI launched Daybreak to enhance AI-assisted cybersecurity, joining Google and Anthropic in expanding into this field. CEO Sam Altman emphasizes preemptive software defense. #Update #Tech
Ethereum Dips Below $2450 Eyes Breakout
Ethereum ($ETH) tests resistance at $2,450 as leverage declines and spot demand is needed for a breakout, analyst Darkfost reports. #Update #Crypto $ETH