Many don’t realize that DePIN applications will start to pop up just as quickly. We’ll be given more opportunities to monetize our resources, whether that’s CPU, GPU or GPS history. There’s no reason these developments must be at odds with each other. In fact, they should develop in tandem. DePIN can help ensure AI development is energy-efficient and climate-friendly. In the AI age, GPU is the new oil, and we should treat it as such. Source
Prosecutors and Roman Storm’s attorneys met in court Friday to argue over motions to dismiss the charges against the developer and address evidentiary questions. Source
“I do believe the labor market is going to be the bigger risk to the economy going forward,” said John Leer, head of economic intelligence at Morning Consult. “While it shows signs of cooling, it remains very strong by historical standards,” he added. “It would be a historical anomaly if the Fed manages to successfully engineer a soft landing, i.e., tame inflation without triggering a recession.” Source
“We think this is a very good move from MakerDAO and we are excited to participate with Blackrock’s BUIDL,” Carlos Domingo, CEO of tokenization platform Securitize, BlackRock’s issuance partner, said in an email to CoinDesk. “As the leading tokenized treasury issuer, we will certainly apply.” Source
Implementing Web3 technology into the stack would transform the AAA economic model, opening up the marketplaces to a global audience of gamers and enthusiasts who watch more than play and want to participate in the economy. Game companies will not only be able to monetize in their walled garden, but also every global NFT marketplace. In addition to opening up to a wider marketplace, the scope of purchases would skyrocket. Land, assets, cars, skins, gear, and more would be open to buyers, fans, and enthusiasts across the globe. Source
It’s worth noting that just because a crypto transaction to an exchange is, say, $1 below the $10,000 threshold, it isn’t definitively illicit. But banks and money services businesses in the traditional financial sector have long used heuristics like that to track down criminal activity. Source
The CoinDesk 20 index saw a slight drop with XRP and ADA recording positive movements. Source
“Bitcoin is back at $57K after a failed assault on $60K on Thursday,” shared Alex Kuptsikevich, FxPro senior market analyst, in an email to CoinDesk. “German authorities are actively selling off previously confiscated Bitcoins. This volume is not huge, but some potential buyers prefer to stay on the sidelines, seeing the overhang of sales.” Source
Bitcoin traded around $57,000 during the European morning, following a pullback from the $60,000 resistance level on Thursday, a decline of 2.4% in the last 24 hours. The CoinDesk 20 Index (CD20) fell 2.3%. Bitcoin climbed above $59,000 on Thursday after the U.S. reported its first drop in consumer prices in four years, a positive sign for the prospect of an interest-rate cut by the Fed. Bitcoin’s failure to maintain a sustained rally, despite positive macro news, suggests there is more price weakness ahead. Source
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