“Popular memes are running primarily due to Asian traders entering the market again – most tend to see their prices rise most significantly during Asian trading hours, during the middle of the night US time,” Rennick Palley, founding partner at crypto fund Stratos, said in an emailed statement. Source
Ripple’s donations account for roughly half of the more than $100 million Fairshake has raised from major players in the crypto space, including crypto exchanges Coinbase and Gemini, venture capital firm Andreessen Horowitz and asset manager ARK Invest. Source
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Volatility Shares’ 2x Ether Strategy ETF (ETHU) will become the first leveraged crypto ETF available in the United States after the U.S. Securities and Exchange Commission (SEC) let it go effective, the company posted on their website, adding that trading will begin on June 4. Source
A U.S. citizen, Gambaryan has been in detention in Nigeria for more than two months. He was invited by the nation’s authorities to resolve a dispute that government has with Binance. Instead, after a meeting with government officials, he and another Binance executive, Nadeem Anjarwalla, were taken by law enforcement officials. Anjarwalla later escaped but is included in the money laundering charges. Source
“Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law,” U.S. Attorney Damian Williams said in a statement. “Salame’s involvement in two serious federal crimes undermined public trust in American elections and the integrity of the financial system. Today’s sentence underscores the substantial consequences for such offenses.” Source
600 speakers. 300 sessions. Pitchfest. Hackathon. Karate. Hundreds of side events. There’s a lot going at this year’s festival. Here are some highlights from across the stages and beyond. Source
The problem here isn’t with AI at all; it’s the outdated, centralized, X-as-a-Service models, where there’s no incentive either to guarantee the security of their systems or to develop applications that the market and ordinary users want. The preferred future of AI — where it is safe, secure, and, above all, able to draw on vast compute resources — can only be achieved by flipping the cloud on its head and embracing the decentralization revolution. Source
Bitfarms’ shares were up nearly 6% at $2.13 as of 14:00 UTC following Riot’s announcement. Source
EasyA alumni have already founded projects valued at over $2.5 billion and won funding from top VCs like a16z, Founders Fund, YC and many more. Just last month, Cognition AI, founded by EasyA hackathon winner Walden Yan, was valued at $2 billion. Walden first pitched his idea for DALLE on the blockchain at an EasyA hackathon at Harvard. Two years later, he’s built a transformative company.. Source