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Google caps Meta's use of its Gemini AI models
Google has put a definite cap to how much of its Gemini AI platform Meta is allowed to make use of after the tech and media company’s demand for AI compute exceeded available capacity, according to a Financial Times report. Alphabet’s cloud division informed Meta around March that its Gemini capacity demands could not be...Cryptopolitan
Mon, Jun 29
StorX Strengthens Its DePIN Infrastructure by Operating XDC Masternodes for the AI Era
StorX Network is expanding its infrastructure role within the XDC ecosystem by operating XDC masternodes, strengthening its position as more than a decentralized storage application and becoming an active participant in the blockchain network that supports its DePIN storage layer. StorX shifts from being a large application on XDC to also being part of the...Cryptopolitan
Mon, Jun 29
Kiwoom is looking to acquire a stake in Bithumb
South Korean financial services company Kiwoom Securities is currently in talks to acquire a stake in Bithumb, the country’s second-largest crypto exchange. The deal will be fulfilled through a third-party allotment of newly issued shares, under which Kiwoom would acquire new shares issued by Bithumb. However, the exact stake and investment are yet to be...Cryptopolitan
Mon, Jun 29
Ripple Price Forecast: XRP stabilizes as support holds amid steady ETF inflows
Ripple (XRP) pares losses and trades around $1.05 at the time of writing on Monday. The cross-border remittance token is attempting a recovery after last week’s sell-off, which intensified as the United States (US) and Iran exchanged fire.
Fxstreet
Mon, Jun 29
BitMEX clears upper management roles as CFO, CEO, growth head leave roles
BitMEX made the unprecedented move of replacing three of its top executives in one fell swoop when it let its chief executive (CEO) Stephan Lutz, chief financial officer (CFO) Ina Steiner, and chief growth officer Raphael Polansky exit the building all at once. Peter Wilkinson, the man who used to hold the role of BitMEX’s...Cryptopolitan
Mon, Jun 29
South Korea unveils $1 trillion chip and AI plan as regional rivals pour billions into the race
South Korea has announced that it is lining up about $1 trillion to invest in semiconductor manufacturing, AI data centers, and robotics infrastructure across the country. The country’s president, Lee Jae-myung, stated that the investment is essential for South Korea to keep pace with its neighbors who are already spending heavily on the same technologies....Cryptopolitan
Mon, Jun 29
Devs affected by the sunsetting of USDH will receive $10 million in grants
Hyperliquid Foundation will allocate $10 million in grants to developers affected by the sunsetting of its native stablecoin, USDH, in favor of USDC. The news came on Sunday, weeks after the Foundation had unstaked 250,001 HYPE, worth $16.9 million, from its grants wallet. Three days ago, 250,001 hyperliquid:native worth $16,993,317.97 was unstaked from the grants...Cryptopolitan
Mon, Jun 29
Bitcoin four-year cycle: BTC risks 75% drawdown with four months of bear market still ahead
Bitcoin (BTC) price continues to trend downward below the $60,000 support zone after losing over 50% of its value since the $126,199 high in October. Bitcoin’s four-year cycle, measured from cycle tops to bottoms, suggests that four months of a bear market are still ahead.Fxstreet
Mon, Jun 29
Solana’s ANSEM spikes 18,000% amid market selloff, What’s happening?
A Solana (SOL) meme coin named after crypto celebrity Ansem rallied 18,000% in just 3 days to reach a $125 million market capitalization. During this time, the general cryptocurrency markets were experiencing extreme fear. High levels of speculative capital continue to follow small amounts of available liquidity, even though overall cryptocurrency market capitalizations are decreasing...Cryptopolitan
Mon, Jun 29
Bitcoin Price Forecast: Mild recovery as US and Iran agree to halt attacks, resume talks
Bitcoin (BTC) reclaims $60,000 on Monday after a nearly 6% correction and closing below the key technical level. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.79 billion in net outflows last week, the highest for this period since the end of February.Fxstreet
Mon, Jun 29
HP bets big on OpenAI to transform enterprise operations
HP Inc. and OpenAI entered into a strategic agreement on June 28. They launched the Frontier platform throughout HP’s worldwide presence, which is just another example of how major businesses throughout the world are wagering that the use of AI will alter the entire fabric of how large businesses operate. This partnership will put OpenAI’s...Cryptopolitan
Mon, Jun 29
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