[PRESS RELEASE – Singapore, singapore, July 4th, 2024] Piggycel, a IoT-based blockchain RWA project, has secured investment from the global mainnet Internet Computer (ICP) and joined the ICP Olympus accelerator program. Piggycell is a blockchain RWA platform that users can expereince IoT based Charge To Earn (C2E) while charing their bateries. It is a decentralized…
TLDR Peter Thiel says it’s “very strange” that 80-85% of money in AI is being made by one company, Nvidia. Thiel’s Founders Fund co-led an $85 million seed round for open-source AI platform Sentient. Sentient aims to compete with OpenAI by allowing community contributions to AI models. The platform will be built on Polygon, with…
Minipay, an integral feature of the Opera Mini browser, has announced a significant upgrade with the introduction of ‘Pockets’. This new feature now supports USDC and USDT, two of the most widely used stablecoins, thereby enhancing its existing digital asset management capabilities. The innovative ‘Drag & Swap’ feature simplifies the process of switching between USDC,…
TLDR DWF Labs has launched a $20 million Cloudbreak Fund to support Web3 projects in Chinese-speaking regions. The fund will focus on gaming finance, social finance, memecoins, derivatives, and layer-1/layer-2 projects. DWF Labs aims to provide both financial support and strategic resources to accelerate the growth of these projects. The launch comes amid market turbulence,…
TLDR Bitwise has filed an amended S-1 registration for its Ethereum ETF ahead of the July 8 deadline. Analysts predict Ethereum ETFs could begin trading in mid-July. The SEC approved 19b-4 forms for eight spot Ethereum ETFs on May 23, but final S-1 approvals are still pending. Several ETF issuers, including Bitwise, are offering fee…
TLDR Bitcoin’s price has dropped significantly, falling below $60,000 for the first time since early May. The decline is attributed to concerns over a potential market cycle peak and anticipated sales from Mt. Gox creditors. On-chain metrics like long-term holder inflation rate and dormancy flow suggest possible weakness in the market. Other cryptocurrencies have also…
Worldcoin’s long-term success may depend on its ability to address the concerns raised by various jurisdictions regarding its biometric data collection practices. Tools for Humanity, the development team behind Worldcoin, has assembled a team of legal experts in a bid to push privacy and security. The company has added four former big tech executives to…
Bitcoin’s price tumbled below $60K today, rendering the entire move up toward $63K from earlier – a bull trap. At the time of this writing, BTC trades at around $58.8K but it reached a low of about $57,800 earlier. Source: TradingView This puts Bitcoin on a decline of 3.7% for the past 24 hours and…
TL;DR The cryptocurrency sector saw a significant correction, with meme coin market capitalization dropping 10% to $46.4 billion; Shiba Inu (SHIB) fell by 6% daily and 8% weekly. On the other hand, some tokens linked to political figures, like Kamala Horris (KAMA), saw gains. Meme Coins in Red Territory The cryptocurrency market experienced another significant…
TL;DR Legal experts predict the Ripple v SEC case might conclude soon, with possible penalties but no disgorgement. The lawsuit’s outcome could significantly impact XRP’s price and the broader crypto market. Is It Finally Time for a Resolution? The legal spat between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing for…