Crypto News
Danielle Marie
Web3 Connector | Educator | Community Builder | Founder| Women in Digital Economy | Mentor | Consultant | Crypto Enthusiast
?? ETF Markets Expected to Grow to $450B
The ETH eft was approved last week and the market didn’t moon, which is a good reminder for all of us to remember that patience really is a virtue. According report by Bernstein, both the Bitcoin and Ether ETF markets are expected to grow significantly, reaching a combined total of $450 billion.
It's suggests that over $100 billion of this growth could flow into the markets as soon as the next two years. This expansion is driven by increasing institutional interest and the broader acceptance of cryptocurrencies as investment assets. We're playing the long game.
????♀? The house says no CBDC for the USA
The U.S. House of Representatives has approved the CBDC Anti-Surveillance State Act, effectively barring the Fed from issuing a central bank digital currency (CBDC) similar to China's digital yuan. The bill passed with a 216-192 vote, reflecting partisan divisions with only a few Democrats supporting it.
The piece of legislation prevents the US Fed from creating a digital dollar for individuals or using it to shape monetary policy, amid concerns about privacy and financial surveillance. The bill now advances to the Senate for further consideration. Read more about it.
?? PEPE To The Moon
$PEPE has seen unprecedented gains, up over 100% this month and over 1100% year-to-date. The memecoin is based on the viral Pepe the Frog meme, has now become the third-largest memecoin with a market cap of $6.2 billion.
Since it launched in April 2023 PEPE has capitalised on cultural and political developments, including last week’s Ethereum's ETF approval, to achieve substantial growth. Its rise underscores the cultural relevance, enduring appeal and speculative nature of memecoins in the current cycle. Is there more gains to come?
Web3 Highlights
?? Moonpay Onboards Luxury Brands To New Web3 Platform
MoonPay has just launched a new platform designed to simplify the Web3 experience for brands and consumers. This platform includes features such as authentication, identity verification, token-gating, ticketing, and insights, they have already onboarded brands like Gucci, Puma, and Mastercard helping them to build communities, foster loyalty, and unlock new revenue streams.
Their new platform leverages technologies acquired through ethpass, Plex Labs, and Nifty gateway. MoonPay aims to bridge Web2 and Web3 business by providing comprehensive support for compliance, security, and fraud prevention. This is a massive win for Web3.
?? Gnosis and Visa Team Up To Bridge Web3 & Tradfi Payments
Gnosis Pay has partnered with Visa to integrate Web3 with traditional payment systems. This collaboration will enable users to connect their Gnosis wallets to Visa cards, allowing seamless cryptocurrency transactions through traditional payment infrastructure.
The integration aims to bridge the gap between digital and conventional finance, making crypto payments more accessible and practical for everyday use. This partnership highlights the growing convergence of blockchain with traditional finance. Read more here.
?? PayPal USD Now Available On Solana
PayPal’s USD stablecoin is now available on Solana, aiming to provide users with faster and cheaper transactions. This move aims to leveraging Solana's high-speed and low-cost infrastructure to enhance the efficiency and accessibility of PayPal's digital currency for consumers. The integration signifies PayPal's commitment to expanding its crypto offerings and improving transaction experiences for its users. Will Solana Pump!?
?? Phantom beats PayPal, Securing NO#2 App In Google Play Store
Phantom Wallet has achieved the position of the second most popular app on the Google Play Store, surpassing PayPal. This is a massive milestone not to be taken lightly especially for a crypto app. This highlights Phantom’s growing user base and its popularity as a digital wallet. The wallet offers users a seamless experience for managing their crypto assets, contributing to its rapid rise in rankings. More about this massive milestone..
AI Highlights
?? xAI Raises 6 Billion
Elon Musk's AI startup, xAI, has secured a $6 billion raise in a Series B funding round, marking one of the largest deals in the AI sector. The funding includes contributions from Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital and Fidelity will be used to launch its first products, build advanced infrastructure, and accelerate research and development. This investment helps position xAI to compete with others in the AI space including OpenAI, Microsoft, and Google. Will Elon win?
??Thank You, Next! OpenAI Building New Model
Move over GPT-4o, OpenAI is developing a new LLM aimed at advancing towards artificial general intelligence (AGI). This new model is expected to significantly enhance capabilities beyond the current GPT-4 and GPT-4o models, which include text, image, and voice processing.
OpenAI has also appointed a Safety and Security Committee to oversee critical safety decisions, addressing growing concerns over AI governance and the potential risks associated with advanced AI technologies. Concerning or the next step?
???? OpenAI Making Media Moves
OpenAI has announced it’s making media moves by forming a partnership with The Atlantic to enhance news discovery within ChatGPT. This collaboration will make The Atlantic's articles more accessible to ChatGPT users, who will be able to interact with the content and receive full article links. In turn The Atlantic will also gain access to OpenAI's technology to help shape and improve future news experiences. This partnership aims to pair high-quality journalism with advanced AI, enhancing the way users engage with news content. AI ???? Media
Upcoming Events
MELBOURNE: 4th of June - A Gentle Intro to the Metaverse- Art, Gaming and Avatars
BRISBANE: 5th of June - The Great Meme Coin Debate (All Things Blockchain)
SYDNEY: 5th of June - Blockchain Sydney
ONLINE: 6th of June @ 7:00 pm AMA: The Future of Social Identity (All Things Blockchain)
New to Crypto?
For those new to the cryptocurrency world, our "Crypto Newbies" section is the perfect starting point. Packed with beginner-friendly resources, it offers essential tools and knowledge to confidently step into the crypto industry.
Bitget Academy
Bitget Academy stands out as an ideal starting point for beginners eager to learn about the world of cryptocurrency. With a user-friendly interface and comprehensive guides, it offers a deep dive into various aspects of crypto trading.
From understanding the basics of blockchain technology to exploring advanced trading strategies, Bitget Academy provides valuable insights and practical knowledge. Whether you're new to the crypto space or looking to enhance your skills, Bitget Academy is a resourceful platform to begin your crypto journey.
Digital Surge - $20 for Free
Venturing into crypto can seem overwhelming, especially for beginners. Digital Surge - Australian Crypto Exchange offers an easy-to-navigate platform that simplifies buying and transferring crypto to a custodial wallet, making it an excellent choice for newcomers. Plus, by signing up through our affiliate link below, you'll receive $20 FREE.
in your account. This bonus allows you to start exploring the crypto world risk-free. Begin your crypto journey with confidence and ease using Digital Surge.
Crypto Tax Software - 10% discount
When diving into crypto, it's wise to think about taxes from the start. For Australian crypto investors, we use Syla, a tax software tailored to Australian crypto tax regulations. Syla simplifies tracking and reporting, aligning with the specific needs of the Australian market. It's a great tool for maximizing tax savings and ensuring compliance. Plus, by using our affiliate link below, you'll receive a $10 discount upon signing up. You can even create an account for free to explore its features. Check it out and streamline your crypto tax process with Syla.
EOI for Mentorship Program Launching in Q4
Embark on a journey to redefine your career and position yourself at the forefront of the digital economy. The Future Ready Mentorship Program is designed exclusively for women eager to dive into the dynamic worlds of Web3 and Artificial Intelligence. By expressing your interest today, you're taking the first step towards unlocking a universe of opportunities, mentorship, and growth in the tech industry.
Claim your spot below ??
Founder @ Solidity Labs & Bitcoin Gurukul | Leading Crypto/Web3 Innovator | Product Management, Business Development, and Strategic Planning | Trainer & Educator
9 个月The crypto market never ceases to surprise! $PEPE's impressive gains following the ETH ETF approval highlight the dynamic and rapidly evolving nature of crypto investments.?