TL;DR Breakdown US university Carnegie Mellon has won a $20 million grant to establish an AI institute. Analysts highlight the implications of the AI institute to the economy. US university Carnegie Mellon in Pittsburgh, Pennsylvania has been granted $20 million in federal funding to establish a groundbreaking AI Institute for Societal Decision Making. The US university aims to advance the development of AI tools specifically tailored to enhance decision-making processes in social contexts, including natural disasters and public health events. The US university won a $20 million grant Leading the initiative as the institute’s director is Aarti Singh, an esteemed professor in the university’s machine learning department. The primary objective of the AI Institute for Societal Decision-Making is to create AI technology that prioritizes the needs of individuals and communities, placing a strong emphasis on being “human-centric.” The US university’s approach focuses on building AI systems that rely on thoroughly vetted data, algorithms, and feedback from stakeholders, employing participatory design principles. Singh believes that AI can play a crucial role in aiding decision-makers and officials in making more informed choices…

TL;DR Breakdown Four individuals associated with Coinone have been indicted for allegedly engaging in illicit activities to profit from coin listings. The four have been charged with breach of trust and obstruction of business in relation to their alleged market manipulation activities.  Coinone, a significant South Korean crypto exchange with a reported trading volume of $27.2 million in the past 24 hours, has been impacted by these actions. In a recent development reported by local news outlet The JoongAng, four individuals associated with Coinone, a prominent South Korean cryptocurrency exchange, have been indicted for allegedly engaging in illicit activities to profit from coin listings. The individuals identified as Mr Jeon, Mr Kim, Mr Ko, and Mr Hwang, who were employees of Coinone, are said to have unlawfully gained over 2.98 billion Korean Won (approximately $2.26 million) during the period spanning November 2019 to December 2022. This incident involved nearly 25% of all tokens listed on Coinone, with at least 46 coins being implicated. According to prosecutors, Coinone executives and staff members required projects to enter into market-making (MM) contracts with…

TL;DR Breakdown Arbitrum price analysis shows a downtrend ARB prices have set support at $1.0396 ARB prices are facing resistance at $1.3355 Arbitrum price analysis reveals a bearish trend, as a steady downtrend can be observed for the past 24 hours. The Arbitrum token has broken below the $1.3355 resistance level, and it is currently trading around the $1.13 level. The ARB price has seen a sharp decline of nearly 2.05% in the past 24 hours. The support for ARB lies around $1.0396, and if it breaks below this level, the price can further decline toward the $1.00 mark, which is crucial psychological support for the Arbitrum token.  On the upper side, the bulls need to push prices back for a chance at recovery over the coming weeks. Further gains are likely if ARB breaks above the triangle formation and climbs back above $1.4 in the days ahead. Arbitrum price analysis 1-day chart: ARB/USD declines to $1.13 following a negative trend The 1-day Arbitrum price analysis indicates that the ARB price is bearish in the short term. The token has…

TL;DR Breakdown Dubai to host the world’s first Bitcoin Tower, part of a new crypto-inspired, sustainable hotel chain. Guests to enjoy unique benefits like NFTs and crypto staking, reflecting an innovative blend of hospitality and blockchain technology. The 40-story tower, blending digital and physical real estate, signifies the growing importance of cryptocurrencies in today’s society. Dubai, known for its proclivity to break boundaries and create the extraordinary, is setting the pace again. This time, it’s through the establishment of the world’s first Bitcoin Tower – a 40-story skyscraper about to revolutionize the hospitality and real estate sectors. Pioneered by visionary Italian entrepreneur Salvatore Leggiero and backed by Metaverse Investments LLC, this revolutionary project aims to conflate digital and physical real estate in the heart of one of the most dynamic cities on the planet. Reinventing hospitality in the blockchain era In a unique blend of traditional hospitality and cryptocurrency, the Bitcoin Tower isn’t just a luxurious accommodation; it’s a symbol of the digital age, illustrating cryptocurrencies’ increasing importance and influence in our everyday lives. The hotel chain’s innovative approach transforms…

TL;DR Breakdown . Polkadot price has remained bearish since May 6 decline . Price remains in horizontal trend and is set to remain so . DOT resistance set at $6 Polkadot price analysis shows price in continued bearish trend, after price lowered to $5.23 over the past 24 hours. DOT has remained in a sideways trend on the daily chart since May 8, when price was at $5.6. Since then, the token has largely oscillated around the $5.5 zone, above the $5 support and in pursuit of resistance at $6. Price at the time of writing for Polkadot is set at $5.31, with trading volume from the past 24 hours rising around 8 percent, and market cap set at $6,959,869,885. The larger cryptocurrency market showed a mixed set of results across the board, as Bitcoin moved down to $26,800 with a minor decline, with Ethereum pushing up to the $1,800 mark. Among leading Altcoins, Ripple moved up to $0.45, with Cardano also rising 2 percent to move as high as $0.36. Meanwhile, Dogecoin made a 1 percent jump to move…

TL;DR Breakdown The TON Accelerator Program has been launched, injecting up to $25 million into transformative projects in the TON ecosystem. Partnership and mentorship opportunities are available to selected projects with renowned industry players on board. The program initially targets projects from the Hack-a-TONx DoraHacks event, providing funding and support to those building on TON. The Open Network (TON), an avant-garde technology aiming to integrate all blockchains and Web2 internet into a unified network, revealed today that it had launched its highly anticipated TON Accelerator Program. The TON Accelerator program is a strategic initiative that will catalyze the growth of the TON ecosystem by injecting up to $25 million into transformative projects. According to a press release seen by  Cryptopolitan, the funding, generously provided by the TONcoin Fund, a dedicated $250 million ecosystem fund supporting visionary founders building on the TON network, will be channeled into a diverse range of projects. With a particular emphasis on decentralized finance (DeFi), each investment will range from $50,000 to $250,000 per project, fostering innovation across the TON ecosystem. Partnerships and mentorship: driving success…

TL;DR Breakdown Cardano price analysis a bullish market sentiment. ADA is trading at $0.3684 with a gain of 2.10 percent. Resistance and support levels are located at $0.3732 and$0.3573 respectively. The latest Cardano price analysis shows a bullish signal for the digital asset as it retraces above the $0.3700 level. The bullish trend is driven by increasing market sentiment and higher volumes over the past few days. The buying pressure pushed the price of ADA to a high of $0.3732, which makes it an attractive target for bulls. On the flip side, ADA is trading well above the major support level at $0.3573. If this level holds, it could bring a median range of $0.3570-$0.3730 for Cardano in the near future. The key resistance level at $0.3700 is also a good milestone for the bulls to break. Stability above this level could provide further upside potential for ADA. The trading volume has been significantly high today, which could indicate that the digital asset is more likely to retrace above the $0.3700 level. If the buying pressure continues, Cardano may even…

TL;DR Breakdown Russia is developing an alternative to SWIFT as part of its efforts to de-dollarize its economy. Collaboration with other countries is crucial for creating an independent, interlinked payment system. This move represents a shift towards a multi-currency world, away from Western-centric financial systems. The geopolitical landscape is evolving as Russia endeavors to develop an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system, in an attempt to foster a resilient and independent financial architecture. This initiative is part of the country’s broader efforts to de-dollarize its economy, representing a significant shift in global economic mechanisms. Russia diversifying the financial infrastructure Dmitry Birichevsky, the director of the Department of Economic Cooperation of the Russian Foreign Ministry, revealed the country’s plan at the sidelines of the International Economic Forum “Russia – Islamic World: Kazan Forum”. He indicated that the country is not standing alone in this endeavor but is collaborating with other nations to bridge national payment systems, independent of SWIFT. Highlighting the importance of this task, Birichevsky stated, “In the context of the onset of economic de-dollarization,…

TL;DR Breakdown Gala Games and PokerGO have joined forces to introduce a Web3 social poker platform, PokerGO Play. Combining PokerGO’s poker expertise with Gala Games’ Web3 know-how, the new platform promises an enhanced social gaming experience. Despite facing challenges like a $4.5 million token bridge exploit, Gala Games and PokerGO remain committed to revolutionizing the digital gaming landscape, planning to host special events from PokerGO’s dedicated Las Vegas studio. Gala Games, an acclaimed GameFi project, has ushered in a new era of online gaming, joining hands with PokerGO, the renowned Las Vegas-based poker streaming platform. The alliance paves the way for ‘PokerGO Play,’ an avant-garde Web3 social poker game that promises to revolutionize the player experience. Aiming to offer an immersive gaming milieu, PokerGO Play will enable users to upgrade their in-game characters and unlock tangible rewards. The highly-anticipated game is set to enter its beta testing phase in June, with a full-scale launch slated for later this year. The collaboration comes on the heels of PokerGO’s release of its Genesis nonfungible tokens (NFT) collection in May 2022. The collection,…

TL;DR Breakdown KuCoin has officially listed Milady Meme Coin (LADYS), joining other significant exchanges in supporting meme coins. The listing on KuCoin provides greater accessibility and exposure for LADYS, attracting a broader audience of cryptocurrency traders. At the time of writing, LADYS is experiencing a bearish sentiment with a significant price dip. The meme coin frenzy shows no signs of slowing down, with significant exchanges rallying behind these unpredictable assets. In the latest captivating twist within the meme coin community, the KuCoin exchange has made waves by officially listing Milady Meme Coin (LADYS). This exciting development further adds to the growing chorus of trading platforms recently embracing the primary competitor to the renowned PEPE coin. The vibrant world of meme coins continues to captivate seasoned and adventurous traders as they ride the waves of this exhilarating and ever-evolving market. 📢New Listing@miladymemecoin $LADYS gets listed on #KuCoin! 💎Pair: LADYS/USDT💎Deposit: now open (Network: ERC-20)💎Trading: 10:00 on May 22, 2023 (UTC)#meme #memecoin — KuCoin (@kucoincom) May 22, 2023 KuCoin has announced that the only available trading pair on its platform will be LADYS/USDT….