TL;DR Breakdown Polkadot price analysis is bullish today. The strongest resistance is present at $5.46. The strongest support is present at $5.23. Polkadot price analysis reveals a relatively upbeat approach today; the price has gained most of its lost value. In recent days, there has been a notable upsurge in the overall market sentiment favoring DOT (Polkadot), leading to a significant appreciation in its value. On May 25, the cryptocurrency witnessed an abrupt increase from $5.16 to $5.28. Subsequently, it sustained positive momentum throughout the day, ultimately rebounding to a peak value of $5.29. On May 27, 2023, the price of DOT reached significant heights, reaching a pinnacle of $5.29 and maintaining this elevated level throughout the day. Currently, the cryptocurrency’s price exhibits relative stability, hovering around $5.29. Polkadot’s present market conditions indicate that it is currently priced at $5.30, with a trading volume of $158.68 million over the past 24 hours. Its market capitalization stands at $5.23 billion, and it holds a market dominance of 0.46%. Notably, the price of Polkadot has experienced a 1.29% increase in the last 24…

TL;DR Breakdown Financial giant JPMorgan Chase has filed a trademark application for a finance-themed chatbot called IndexGPT. JPMorgan states that it is hiring around 2,000 data managers, data scientists, and machine learning engineers to enhance its AI capabilities. Goldman Sachs and Morgan Stanley banks have already started testing AI for internal use. JPMorgan Chase files trademark application for finance-themed chatbot, IndexGPT. An index produced by GPT to arrange outside data and respond to inquiries. The financial behemoth JPMorgan Chase submitted a trademark application for the name IndexGPT for a chatbot with a financial focus.  According to the application submitted on May 11 to the United States Patent and Trademark Office, the chatbot would be used for advertising and marketing services, an index of securities prices, online financial information, and investment counseling. IndexGPT: JPMorgan’s chatbot revolutionizing finance According to the application, IndexGPT will use cloud computing software with artificial intelligence for analyzing and choosing securities suited to customer needs. Source: Court filing The ChatGPT technology developed by OpenAI last year went viral, forcing whole companies to confront the advent of artificial…

TL;DR Breakdown Space Pepes is a multi-chain NFT initiative that will mint 100 unique NFTs on each of ten different blockchains.  In a week, Space Pepes NFT initiative has generated approximately $7.4 million in transactions, surpassing well-known projects like the Bored Ape Yacht Club.  Bitcoin NFTs generated roughly $167 million in trading volumes over the past thirty days, considerably less than Ethereum’s close to $397 million. Space Pepes NFTs are taking the crypto world by storm with an unprecedented $7.4 million in transactions on the Bitcoin blockchain. Space Pepes is a multi-chain NFT initiative that will mint 100 unique NFTs on each of ten different blockchains. Unexpectedly, the largest non-fungible token (NFT) collection in terms of weekly volume has turned out to be a Bitcoin-based enterprise. Space Pepes Surpass Bored Ape Yacht Club In just seven days, the Space Pepes NFT initiative has generated approximately $7.4 million in transactions, surpassing well-known projects like the Bored Ape Yacht Club. The change is especially impressive in light of the earlier dismissal of NFTs on Bitcoin including Space Pepes. The introduction of ordinals,…

TL;DR Breakdown Brad Smith, Microsoft’s president, has urged governments to move faster in their regulations concerning AI. Microsoft also called for corporations to initiate safety brakes for AI technology and develop a more comprehensive regulatory and legal framework governing AI. There remains a debate over the benefits and the troubles that come with AI adoption. Brad Smith, Microsoft President, recently called for better regulation of Artificial intelligence from government officials and lawmakers. This week, the tech industry bigwig went to Washington, DC, where he urged the officials to put up policies to regulate and provide better risk management of technologies governing generative applications such as ChatGPT. Smith’s plea to governments and corporations Microsofts president has urged governments to move faster in their regulations while at the same time asking corporations to step up amidst rapid AI development. Speaking before a panel of lawmakers on May 25, Smith highlighted two things that ought to be of major concern in the United States to mitigate the unforeseen risks presented by AI.  He stated that the first issue would be to enable innovation with…

TL;DR Breakdown Nvidia’s value rose after successfully predicting a chip demand boom for its computer chips.  Jensen Huang, Nvidia’s CEO, attributed the 28% rise in Nvidia’s stock price to the increased chips demand. Other chip makers, such as Taiwan Semiconductor Manufacturing Co.(TSM) and Dutch ASML, have also benefited from Nvidia’s success. The AI-themed crypto market has soared following the excitement surrounding Nvidia, the world’s most popular chipmaker, after its shares rose to an all-time high in its second quarter.  The chipmaker’s soaring fortunes have led to more emergence of more corporations between Artificial Intelligence and digital assets. This is due to the demand for chips from Nvidia powering AI applications such as ChatGPT. Contents hide 1 Nvidia’s gains after boom in chip demand 2 Chip boom boosts AI-related cryptocurrencies 3 Nvidia with cryptocurrency 4 Other winners from Nvidias chip boom Nvidia’s gains after boom in chip demand Nvidia’s value rose after successfully predicting a chip demand boom for its computer chips. The company gave its valuation, which had more than doubled in 2023 in the middle of optimism on the…

TL;DR Breakdown Arthur Madrid, co-founder and CEO of The Sandbox, a metaverse project, fell victim to a Twitter account hack and used to promote an alleged ‘airdrop’ scam. The crypto CEO cautioned users to avoid clicking on any suspicious links related to an airdrop or URLs that appear scam-like.  As of 8:26 pm UTC, the alleged scam site had been taken down and displayed a 404 error. Arthur Madrid, co-founder and CEO of The Sandbox, a metaverse project, fell victim to a Twitter account hack On May 26. Madrid, in a post made after recovering his account, informed users of The Sandbox about the incident. The hacker had allegedly used the crypto CEO’s account to promote a fraudulent “airdrop” phishing scam. Madrid cautioned users to avoid clicking on any suspicious links related to an airdrop or URLs that appear scam-like. Four hours before Madrid’s post, The Sandbox’s official Twitter account had also issued a warning, stating that a scammer had taken control of the account and was promoting a fake airdrop of SAND tokens through a phishing link. The scam…

TL;DR Breakdown Binance and Gulf Innova’s joint venture, Gulf Binance, has received a Thai crypto exchange license. The approval underscores Thailand’s efforts to position itself as a significant Asian crypto hub. The collaboration signifies a focus on blockchain in Thailand, while regulatory moves highlight a balanced crypto approach. Gulf Binance, the alliance between the global cryptocurrency exchange Binance and Gulf Energy’s innovation arm, Gulf Innova, recently secured a coveted digital asset operator license from Thailand’s Ministry of Finance. This major development sets the stage for the company to introduce a regulated crypto exchange and broker in Thailand, with a launch anticipated by the end of this year. According to Binance’s Head of Asia, Europe, and MENA, Richard Teng, the partnership merges Binance’s unrivaled blockchain expertise with Gulf’s entrenched local presence and network. “Gulf Binance aims to showcase the full potential of blockchain technology to meet the needs of Thai users,” Teng explained. Gulf Energy, known for its significant investment in Binance’s US arm, is one of Thailand’s largest private power producers. Thailand warms up to cryptocurrency as emerging Asian crypto…

TL;DR Breakdown Doctor Who is moving to the metaverse. BBC Studios and Reality+ launched interactive experiences in The Sandbox metaverse. The joint venture between BBC Studios and Reality+ marks the first time the BBC will have a home in the metaverse. The Sandbox, the metaverse realm created by BBC Studios, will debut later this year. The Sandbox comes live on BBC. Reality+ and BBC Studios have teamed up with the aim of bringing immersive experiences from beloved brands like Doctor Who and Top Gear into the rapidly growing metaverse. Fans can now anticipate engaging with their favorite material in The Sandbox’s dynamic atmosphere and obtaining access to a private BBC event venue. The Sandbox welcomes BBC Studios and Reality+ The metaverse is becoming the home of Doctor Who. Reality+ and BBC Studios have partnered, intending to introduce several immersive experiences in the Sandbox metaverse. According to reports, fans will have the opportunity to engage with immersive content from their favorite brands, including Top Gear and Doctor Who, in The Sandbox’s setting. They will also take advantage of a BBC event…

TL;DR Breakdown ESMA warned investment firms about crypto regulation. The agency stressed investor protection risks in unregulated crypto assets. Despite warnings, crypto firms like Gemini and Kraken are expanding in Ireland, awaiting EU’s new crypto rules under MiCA by 2025. The European Securities and Markets Authority (ESMA), the EU’s financial watchdog, has issued a statement emphasizing the necessity of investment firms making their clients fully aware of the regulatory status of their products. Amid the budding blockchain industry, the ESMA is eager to remind stakeholders that despite the imminent adoption of the Markets in Crypto-Assets Regulation (MiCA), cryptocurrencies will remain unregulated in most jurisdictions until the regulation comes into effect. The ESMA has expressed concern over the potential risks associated with unregulated products and services, including the danger of misleading clients about the level of protection they receive. In the face of such prudential and investor protection risks, the ESMA urges firms to inform clients clearly about their products’ regulatory status and the protections applicable to their offerings. A careful stride toward crypto regulation Despite the regulatory uncertainties, crypto firms…

TL;DR Breakdown Aptos price analysis is giving bullish hints today. The support level for APT is present at $7.85. APT/USD is facing resistance at $8.15. The Aptos price analysis is on the bullish side today. Bulls have taken the price up to $8.11 today after a continuous decline for the past week,  and it looks like the trend will continue. The price is currently facing resistance at $8.15, but if it breaks through, it could potentially reach up to $8.30 or even higher. On the other hand, if it fails to break through, the support level of $7.85 could come into play and take the price down again. Source: Coin 360 Most of the cryptocurrencies are currently in the bull market, and APT has been no exception. Top coins like Bitcoin, Ethereum, and Binance Coin have all been on the rise, and Aptos is catching up. The 24-hour trading volume is still in a decrease as the buyers are taking a cautious approach. The market capitalization is currently at 1.60 billion, and with an increase of 1.09 per cent in…