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As bitcoin halving’s effects take hold, acquisition deals — and stock prices — heat up
Bitcoin miners are releasing their production updates for May, the first full month since the latest Bitcoin halving event, and in its wake, some big players are making significant moves to add revenues through strategic deals and diversifications. Read more
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Bitcoin Options Traders Anticipate Imminent Breakout Above $74K to New Record Prices
Bitcoin (BTC) options traders are increasingly positioning for the asset to hit fresh record prices this month, market data suggests. Read more
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Janet Yellen Is Worried About AI
Treasury Secretary Janet Yellen is set to warn about the “significant risks” posed by artificial intelligence (AI) in the financial sector, while also acknowledging its potential benefits. In an upcoming speech, Yellen will discuss how AI can improve efficiency and accessibility in finance, but also highlight concerns about the technology’s complexity, potential for bias, and… Read more
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Nvidia’s $3 Trillion Market Cap
Nvidia, the pioneering AI chip manufacturer, has made history by surpassing a $3 trillion market capitalization, becoming the third U.S. company to achieve this milestone. This remarkable feat underscores Nvidia’s pivotal role in the burgeoning artificial intelligence sector and its ability to capitalize on the increasing demand for AI technology across various industries. Read more
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Musk Redirects Tesla Chips to xAI
Elon Musk has redirected thousands of Nvidia AI chips originally intended for Tesla to his social media company, X, and AI startup, xAI, potentially delaying Tesla’s AI and autonomy projects. This decision has raised concerns among investors about the impact on Tesla’s development timeline and Musk’s management of his multiple ventures. Read more
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Bitwise CIO says market undervaluing Washington’s shifting attitude toward crypto
Bitwise CIO Matt Hougan believes the market is underestimating the significance of Washington’s evolving attitude toward cryptocurrencies. Hougan said in a June 4 memo that the US political landscape regarding crypto has changed significantly toward a more positive stance in recent weeks, and the market would been at a new all-time high already if its impact… Read more
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NYSE Glitch Drops Berkshire Stock 99%
A technical glitch at the New York Stock Exchange on June 3, 2024 caused significant disruptions, with several stocks, including Warren Buffett’s Berkshire Hathaway, appearing to plummet by as much as 99%. The NYSE halted trading in the affected stocks and worked to resolve the issue, which stemmed from a problem with the exchange’s price… Read more
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Japanese exchange DMM Bitcoin suffers ‘unauthorised leak’ of more than $300m
Japanese crypto exchange DMM Bitcoin lost 4,502.9 Bitcoin worth about $308 million in what it called an “unauthorised leak,” according to crypto security company Elliptic. Read more
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$100 million token unlocks from Arbitrum and Aptos, plus APE, OP, and more
June promises to be another significant month for token unlocks in the world of crypto, as significant projects unlock over $650 million worth of tokens at current prices. Read more
