Author: Scott Dawson

A bold step was taken by Caithe Woods to invest $60 million in Elon Musk‘s xAI startup. By investing, they showed their belief in Musk‘s xAI having the potential to grow shortly. The giant investment management firm led by Wood, announced its participation in Musk‘s artificial intelligence firm. On May 28, the company informed its clients about the investment in xAI through an email. As reported by Bloomberg, ARK’s Chief Futurist, Brett Winton, mentioned that it accounts for approximately 2% of the fund’s holdings. “xAI’s access to X’s distribution and real-time data differentiates it from any other AI play, particularly…

Open interest refers to the total number of derivative contracts whose amount has not been settled yet. A derivative contract is an agreement whose value is derived from other assets, like digital assets. The meme coin craze played an exceptional role during the bull run in the crypto market. Within a year of their launch, Pepe and WIF, secured their positions in the top 20 cryptocurrencies by market capitalization. Among the traders, whether they are playing short or long, meme coins made their significant space by their spike in price. Zaheer Ebitikar, co-founder of Split Capital, shared data that reveals…

Bitget is one of the largest exchanges in the crypto world, providing services in almost 100 countries with 20 million traders. Bitget spot trading volume stands at $1.96 billion and net assets of $2.92 billion. Here are some of the top trading currencies on Bitget Pigonk Pigonk is a unique cryptocurrency, Its name is a combination of Pig and Bonk. Pigonk represents humor and creativity in the meme and cryptocurrency world. It’s a symbol of joy and luck As Of now, this token is trading for $0.00007 with a market cap of $77490, and daily trading volume stands at $252,585.52.…

Spot Ethereum ETF approval adds “another line of defense for Bitcoin.” according to Michael Saylor, founder of MicroStrategy. Michael Saylor, the inventor of MicroStrategy, has shifted his position on spot Ether (ETH) exchange-traded funds (ETFs), contending that Bitcoin will only enjoy the US regulator’s recent approval. “Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for Bitcoin because I think that we are politically much more powerful and supported by the entire crypto industry,” Saylor revealed to Bitcoin podcaster Peter McCormack on the What Bitcoin Did episode…

John Bollinger, a famous crypto analyst, predicts Ethereum price as this token showed a 29% rise in price this week. The crypto community is eagerly waiting for the decision on Ethereum ETF by the SEC. Meanwhile, John Bollinger‘s talk relevant to the price of Ethereum is gaining attention from the community. John is famous for creating Bollinger brands, It is a famous tool for the price analysis of tokens. Bollinger stated in a recent tweet about his workout on the concerns about Ethereum ETFs. He stated that in recent days, this coin has clear indications for the approval of ETH…

Salame’s attorneys contend that he should only serve 18 months in prison, despite demands from US prosecutors for a “just punishment” that was appropriate for the seriousness of his offense. According to US authorities, Ryan Salame faces a five- to seven-year jail sentence. Salame is a former executive at FTX and has seen Sam “SBF” Bankman-Fried’s wingman. His crimes played a part in the demise of the crypto exchange FTX. Federal prosecutors submitted a sentencing document to the Manhattan federal court on May 21. They insisted that Ryan Salame receive a severe punishment. He entered a guilty plea to “serious…

According to reports, the former House Speaker is thinking about endorsing the Republican crypto bill. The report says that Nancy Pelosi, the former speaker of the House, might support the crypto bill sponsored by Republicans. The Financial Innovation and Technology for the 21st Century Act (FIT21) is the name of the bill. Pelosi, who is no longer leading the Democratic Party as Speaker Emerita, might back the legislation. On May 21, the House floor could consider voting. The report cites sources familiar with Pelosi’s thinking. FIT21 would clarify the division of power over crypto assets. It would specify the functions…

With a new ChatGPT voice, OpenAI has paused. This is a response to the Scarlett Johansson controversy. She asserts that the AI’s voice sounds a little like her own. OpenAI has chosen to “pause” ChatGPT’s new speech feature. This decision comes after a debate about the selection and acquisition of the voice. The developer wrote about its “Sky” voice on X on May 20. It claimed to have “heard questions” about this voice. They are currently addressing these issues. The questioning started following the release of Scarlett Johansson’s statement. She talked about her conversation with Sam Altman, the CEO of…

In their initial update, LayerZero eliminated 800,000 sybil addresses, marking them ineligible for full token allocation. Before this update, It provided a 14-day time frame to the users doing airdrop farming. In the beginning, the LayerZero team identified 2 million sybil addresses, but this figure gradually decreased to reduce false identification. According to a recent post on X, the team announced the end of Sybil’s self-reporting, and not the security update will eliminate them. The security update aims to reduce the false allocation of tokens to users who are creating multiple addresses to get more tokens. LayerZero announced that the…

In experts’ opinion, Bitcoin holds strong on its 67K price, and there is a rare chance for Bitcoin to experience a major drop in its price. Bitcoin is heading for its next resistance at $68,800. Bitcoin is trading above its support level of $65,500, showing its strong formation at the current price. Many experts believe that there are rare chances of a deep correction; however, some of them still think that this coin can experience a major drop shortly. “Bitcoin is holding up the price so strongly that I don’t think there will be a deep correction,” a famous crypto…