TL;DR Breakdown Arthur Hayes views Bitcoin as the ultimate currency that will be used in artificial intelligence(AI) systems Hayes predicts that AI adoption in Bitcoin will lead to BTC reaching as high as $760,000 by 2025/26 AI is catching up with the crypto sector Description Arthur Hayes, former CEO of Bitmex, views Bitcoin as the ultimate currency that will be used in artificial intelligence(AI) systems. Hayes recently discussed a future with AI and robotics, saying it would reduce the less desired duties in human work, enabling more people to concentrate on their interests and possibly igniting a new art and … Read more Arthur Hayes, former CEO of Bitmex, views Bitcoin as the ultimate currency that will be used in artificial intelligence(AI) systems. Hayes recently discussed a future with AI and robotics, saying it would reduce the less desired duties in human work, enabling more people to concentrate on their interests and possibly igniting a new art and culture renaissance. Hayes says bitcoin will provide a stable financial base for AI Hayes intends to use his in-depth knowledge of the…

TL;DR Breakdown MetaMask releases version 10.33 with a sleek and simplified interface for seamless Web3 service utilization. The new MetaMask wallet replaces the cluttered user interface with a single row, providing essential information at a glance. ConsenSys emphasizes security with improved safeguards and integration across various sites for user confidence in transaction authorization. Description MetaMask, the renowned decentralized and non-custodial wallet service, has unveiled the latest version of its application. With the highly anticipated release of version 10.33, MetaMask took to Twitter to announce its revamped wallet, showcasing a sleek and simplified interface aimed at making the utilization of Web3 services, including cryptocurrencies and digital wallets, a seamless experience. … Read more MetaMask, the renowned decentralized and non-custodial wallet service, has unveiled the latest version of its application. With the highly anticipated release of version 10.33, MetaMask took to Twitter to announce its revamped wallet, showcasing a sleek and simplified interface aimed at making the utilization of Web3 services, including cryptocurrencies and digital wallets, a seamless experience. 🦊MetaMask v10.33 is here! With a cleaner layout, more intuitive site connections, network…

TL;DR Breakdown Local stakeholders continue to debate Nigeria’s crypto taxation as the government wants to dominate the digital asset market and make money from it. Nigeria’s CBDC and crypto critics argue that the move is too soon and could hamper innovation and economic progress. Stakeholders in the industry want more information about the tax consequences of crypto recognition and related processes in the DeFi market. Crypto taxation is a problem in many countries, not just Nigeria. Governments worldwide are still learning their way around this emerging and changing industry. Description Nigeria’s recent move to tax crypto transactions has sparked a discussion among local stakeholders. The Nigerian government wants to control and bring in money from the digital asset market. However, critics say the move is too soon and could slow down innovation and economic growth. Nigeria’s crypto tax concerns On May 28, the day before … Read more Nigeria’s recent move to tax crypto transactions has sparked a discussion among local stakeholders. The Nigerian government wants to control and bring in money from the digital asset market. However, critics say…

TL;DR Breakdown Peter Schiff predicts the Federal Reserve’s fight against inflation is doomed, despite market optimism. According to him, the markets are experiencing bear market rallies, missing the worsening inflation situation. Despite some encouraging figures, such as strong employment numbers, he warns against ignoring persistent weak economic data. Description In a world where economics takes center stage, the art of forecasting is invaluable. But what happens when those predictions signal doom? Peter Schiff, an esteemed economist, has ventured to make such a daring prophecy. He firmly asserts that the Federal Reserve’s battle against inflation is not only a losing endeavor but is already lost. … Read more In a world where economics takes center stage, the art of forecasting is invaluable. But what happens when those predictions signal doom? Peter Schiff, an esteemed economist, has ventured to make such a daring prophecy. He firmly asserts that the Federal Reserve’s battle against inflation is not only a losing endeavor but is already lost. Grim forecast amid rallying markets Even as stock indices like Nasdaq, the S&P 500, and the Dow Jones…

TL;DR Breakdown Apple’s Vision Pro headset production forecasts have been significantly reduced due to high costs and technical challenges of micro OLED displays. These displays are crucial for providing immersive experiences but are difficult to mass-produce, leading to prohibitive costs. Sony, the current producer of these displays, is reluctant to increase production, creating opportunities for rivals Samsung and LG Display. Description The Apple Vision Pro headset finds itself under the industry microscope as a consequence of Apple’s recent drastic reduction in its production forecasts. Originally aiming for a sales target of 1 million units in its first year, Apple has now revised its 2024 expectations to a sobering 400,000 units. The spotlight has turned onto the … Read more The Apple Vision Pro headset finds itself under the industry microscope as a consequence of Apple’s recent drastic reduction in its production forecasts. Originally aiming for a sales target of 1 million units in its first year, Apple has now revised its 2024 expectations to a sobering 400,000 units. The spotlight has turned onto the headset’s premium-priced micro OLED displays, known…

TL;DR Breakdown Janet Yellen, US Treasury Secretary, visited Beijing to mitigate national security disputes and improve economic ties with China. Despite recognizing disputes, she stressed not allowing disagreements to harm the bilateral economic relationship. Yellen voiced concerns about Beijing’s punitive measures on U.S. businesses and potential export controls on essential minerals. Description In an ever-evolving global theater, the economic relations between the United States and China have been turbulent, to say the least. Treasury Secretary Janet Yellen, with her diplomatic acumen, attempts to steady the seesaw, not letting national security disputes overshadow the economic prospects. Her recent trip to Beijing, intended to stabilize the strained relations between … Read more In an ever-evolving global theater, the economic relations between the United States and China have been turbulent, to say the least. Treasury Secretary Janet Yellen, with her diplomatic acumen, attempts to steady the seesaw, not letting national security disputes overshadow the economic prospects. Her recent trip to Beijing, intended to stabilize the strained relations between the two powers, marks an important development in this diplomatic saga. Yellen’s hopeful diplomatic gesture…

TL;DR Breakdown John Deaton predicts a 2-5 year period of stability if the SEC wins the lawsuit against Ripple. Deaton firmly believes Ripple will appeal to the Supreme Court and ultimately prevail. The recovery of funds could be significantly delayed if Ripple loses the appeal to the SEC. Description John Deaton, a prominent advocate representing about 75,000 Ripple (XRP) investors, has provided an optimistic outlook regarding the ongoing SEC vs. Ripple lawsuit. Deaton, known for his valuable updates on the case, foresees a period of stability ranging from two to five years following a potential SEC victory. However, he firmly believes that Ripple will … Read more John Deaton, a prominent advocate representing about 75,000 Ripple (XRP) investors, has provided an optimistic outlook regarding the ongoing SEC vs. Ripple lawsuit. Deaton, known for his valuable updates on the case, foresees a period of stability ranging from two to five years following a potential SEC victory. However, he firmly believes that Ripple will file an appeal with the Supreme Court and ultimately emerge triumphant. Although the recovery of funds may be…

TL;DR Breakdown Russian President Vladimir Putin warns about a possible global financial crisis due to uncontrolled debt accumulation by developed nations. Putin decries the anti-Russian sanctions as a form of ‘hybrid war’, aimed at stifling Russia’s growth. He alleges external forces are creating a hostile state in Ukraine, further destabilizing the region. Description Financial storm clouds are gathering over the global economy, according to Russia’s President, Vladimir Putin. His recent comments underscore his deep-seated concerns about the potential for an impending global economic crisis. The backbone of his apprehension is rooted in the unregulated debt accumulation by developed countries, which, he posits, is setting the stage for a … Read more Financial storm clouds are gathering over the global economy, according to Russia’s President, Vladimir Putin. His recent comments underscore his deep-seated concerns about the potential for an impending global economic crisis. The backbone of his apprehension is rooted in the unregulated debt accumulation by developed countries, which, he posits, is setting the stage for a significant downturn. Russia’s impending financial crisis: A consequence of uncontrolled debt? The debt of…

TL;DR Breakdown The SEC is investigating BarnBridge DAO, prompting a halt in all its operations. The news has triggered a 9.3% drop in BarnBridge’s native token, BOND. This investigation signifies SEC’s increased scrutiny in the crypto sector, beyond large exchanges. Description BarnBridge DAO, a risk management entity within the decentralized finance (DeFi) space, is under investigation by the U.S. Securities and Exchange Commission (SEC). The news broke out through Douglas Park, the legal representative of BarnBridge, who urged the cessation of all activities linked to the organization on their Discord channel last week. Park, a lawyer … Read more BarnBridge DAO, a risk management entity within the decentralized finance (DeFi) space, is under investigation by the U.S. Securities and Exchange Commission (SEC). The news broke out through Douglas Park, the legal representative of BarnBridge, who urged the cessation of all activities linked to the organization on their Discord channel last week. JUST IN: ⚖️🔎 @Barn_Bridge‘s DeFi protocol, with $1.35 million locked, faces #SEC investigation as the regulator looks into the project and individuals associated with it, leading the DAO’s lawyer…

TL;DR Breakdown Top executives have resigned from Binance amid global regulatory investigations. These departures occur as Binance faces lawsuits from SEC and CFTC, and as Binance.US stops dollar trading. Binance’s CEO dismisses exit reasons as “FUD,” while Binance’s native token, BNB, sees a 4% price dip. Description Several high-ranking executives have resigned from Binance, the world’s largest cryptocurrency exchange, amid a growing storm of regulatory scrutiny, according to a report by Fortune. The departures include top officials from Binance‘s legal and compliance departments, which could complicate the firm’s efforts to navigate its current legal challenges. Wave of departures hits Binance According to … Read more Several high-ranking executives have resigned from Binance, the world’s largest cryptocurrency exchange, amid a growing storm of regulatory scrutiny, according to a report by Fortune. The departures include top officials from Binance‘s legal and compliance departments, which could complicate the firm’s efforts to navigate its current legal challenges. Wave of departures hits Binance According to insider sources cited by Fortune, general Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance…