CRYPTO
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OpenAI could lose $5B this year and run out of cash in 12 months: report
The ChatGPT maker reportedly will spend some $7 billion on AI testing this year. Source link
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Metaverse book gets boring rename in latest sign of waning enthusiasm
The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3. Source link
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Spot Ethereum ETFs are coming, but ETH derivatives markets are flat
Ether futures show little confidence in the chance of ETH breaking above $4,000 in the near term. Source link
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Time for altseason? Analysts say altcoin market is near ‘momentum bottom’
Altcoin prices have been in a rut, but a key alteason indicator hints that the “strongest wave” is yet to…
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Trading platform Abra purchased Valkyrie’s crypto trusts: Report
Abra purchased the trusts amid a settlement with 25 US state regulators connected to financial licensing violations. Source link
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Crypto platform DeFi Technologies to acquire trading desk Stillman Digital
Analysts say the all-stock deal will transform the Canadian crypto platform into “a smaller version of Galaxy Digital.” Source link
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Roaring Kitty fraud suit dropped, Ethereum Foundation hacked, and more: Hodler’s Digest, June 30 – July 6
Roaring Kitty fraud lawsuit voluntarily dropped, Ethereum Foundation email server hacked, and Circle becomes first MiCA-compliant stablecoin issuer. Source link
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Softbank lost 99% when the dotcom bubble burst, now it’s all-in on AI
Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion. Source link
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Did Bitcoin Runes already peak?
Tokens on the Runes Protocol are down from their peak, but don’t count them out yet. The protocol is less…
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OpenAI inks deal with Time while facing added lawsuit from news nonprofit
The nonprofit suing OpenAI produces the Mother Jones and Reveal news websites. Source link
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