The FTX estate, led by CEO John Ray III, has divested its remaining shares in Anthropic, the AI startup known for its chatbot Claude, as revealed in the firm’s recent bankruptcy filings. According to the filings, FTX sold the remaining 15 million shares for approximately $30 each, resulting in proceeds exceeding $450 million. The sale brings the total earnings from ...
Ripple CEO Brad Garlinghouse recently predicted that Solana ETF is inevitable following the SEC’s approval of Bitcoin and Ethereum ETFs. At the Consensus 2024 event, Garlinghouse highlighted the potential for Solana ETFs, emphasizing the importance of regulatory clarity for the growth of digital assets in the U.S. This optimism, coupled with the prediction of a $5 trillion crypto market, has ...
Ripple CEO Brad Garlinghouse recently predicted that Solana ETF is inevitable following the SEC’s approval of Bitcoin and Ethereum ETFs. At the Consensus 2024 event, Garlinghouse highlighted the potential for Solana ETFs, emphasizing the importance of regulatory clarity for the growth of digital assets in the U.S. This optimism, coupled with the prediction of a $5 trillion crypto market, has ...
Magic Leap has announced a technology partnership with Google to develop new extended reality (XR) technologies. The collaboration brings together Magic Leap’s expertise in optics with Google’s infrastructure, potentially signaling increased competition for Apple and Meta in the metaverse hardware and experiences space, the company said in an announcement. While Google recently downsized its augmented and extended reality teams, and ...
Bitcoin Price Prediction Bitcoin’s exchange balances have dropped to their lowest level since March 2018, falling below 2.3 million BTC. This significant decline, driven by major outflows from Binance and Coinbase, suggests a shift towards long-term holding strategies. As large holders, or “whales,” transfer their assets to private wallets, the trend indicates anticipation of future price increases. This situation has ...
BONK’s recent price decline has led to a significant drop in investor confidence, reflected in the asset’s Open Interest (OI). OI fell from $24 million to $16 million, slightly recovering to $17.27 million. Despite a positive funding rate favoring long contracts, the sharp decrease in OI suggests bearish sentiment. This downturn in investor confidence could result in further price decreases ...
President Joe Biden has vetoed a resolution aimed at overturning the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121. Biden argued that challenging the proposed guidelines would compromise the SEC’s authority, leading him to veto the resolution. Biden Addresses SAB 121 In an official letter on May 31, Biden explained his decision, stating that reversing the ...
President Joe Biden has vetoed a resolution aimed at overturning the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121. Biden argued that challenging the proposed guidelines would compromise the SEC’s authority, leading him to veto the resolution. Biden Addresses SAB 121 In an official letter on May 31, Biden explained his decision, stating that reversing the ...
Bitcoin Price Prediction Bitcoin (BTC) has failed to sustain its overnight bullish momentum, trading near $67,700. This downturn is influenced by several factors, including a $300 million hack at a Japanese crypto exchange and President Biden’s veto of a bill targeting SEC crypto regulations. Additionally, Vitalik Buterin’s insights on Bitcoin scaling disputes emphasize the need for new technologies like ZK-SNARKs, ...
Bitcoin Price Prediction Bitcoin (BTC) has failed to sustain its overnight bullish momentum, trading near $67,700. This downturn is influenced by several factors, including a $300 million hack at a Japanese crypto exchange and President Biden’s veto of a bill targeting SEC crypto regulations. Additionally, Vitalik Buterin’s insights on Bitcoin scaling disputes emphasize the need for new technologies like ZK-SNARKs, ...