24/7 Blockchain industry dynamics and breaking crypto news
Airbnb CEO Brian Chesky is reportedly founding a new AI company, entering the global AI race. The venture will focus on developing models for user interaction and design, marking his first major step beyond the sharing economy.
Read MoreForeign Ministry spokesperson Mao Ning stated that AI is transforming society and should not be monopolized by major powers or lead to confrontation. China will host the World AI Conference in Shanghai this July to promote global dialogue and cooperation on AI governance for the benefit of all humanity.
Read MoreA major tech legal dispute unfolds as a Chinese company files a lawsuit against Nexperia Netherlands in Dongguan court, alleging improper interference. The case has been officially accepted, marking a significant development in international corporate litigation.
Read MoreThe privacy-focused cryptocurrency ZEC has suffered a dramatic sell-off, plummeting over 53% in 24 hours and breaching the $260 support level. The extreme volatility highlights the inherent risks in the crypto market, urging investors to exercise heightened caution.
Read MoreZEC's value has plunged 50% within 24 hours, crashing through the $300 support level to $296. This sharp decline follows disclosure of critical security vulnerabilities, halving its market value.
Read MoreSouth Korean police have launched the country's first investigation into domestic users of prediction market platform Polymarket, citing illegal gambling. While legal in the US, it's considered private gambling in Korea. Nationwide probes are underway, with users facing potential fines up to 10 million KRW, highlighting strict enforcement against unauthorized online betting.
Read MoreA major whale investor linked to BIT exchange faces significant paper losses. Their 120,000 ETH long position (15-20x leverage) has incurred over $69 million in floating loss as ETH fell below $1,700, with $1.86 million paid in funding fees, underscoring the perils of high leverage in volatile markets.
Read MoreCrypto markets witnessed extreme volatility with over $505 million in liquidations within just one hour. Long positions bore the brunt, accounting for nearly 90% of the losses, with Ethereum and Bitcoin seeing the most significant damage.
Read MoreOn Friday, June 5th, South Korea's stock market witnessed a significant downturn. The benchmark KOSPI index plunged by 478.82 points, a steep 5.54% drop, closing at 8160.59 points, marking one of its sharpest single-day declines recently.
Read MoreZcash (ZEC) has crashed below $350, currently trading around $345, following the disclosure of a critical vulnerability that could allow unlimited token minting within its shielded pool. The security flaw has triggered a massive sell-off and eroded market confidence.
Read MoreAs the crypto market weakens, publicly traded companies holding digital assets like Bitcoin have seen their stock prices plummet, often falling more than the assets they hold. Total market value has sharply declined, signaling cooling investor interest in this model.
Read MoreBitcoin faces sharp sell-off, dropping below the key $62,000 level with over 3.6% loss in 24 hours. Heightened market volatility prompts urgent risk management warnings for traders.
Read MoreThe US May Non-Farm Payrolls report, crucial for assessing the new Fed Chair's policy stance, releases at 20:30 Beijing time. Market expects a slight cooldown, but strong recent ADP data and lingering geopolitical risks heighten its significance.
Read MoreNVIDIA's CEO confirmed that SK Hynix, Samsung, and Micron have received certification to produce HBM4 memory for its latest AI accelerators. This paves the way for mass production, intensifying the global race to supply critical components for next-generation artificial intelligence systems.
Read MoreEthereum (ETH) has experienced a sharp decline, breaking below the crucial $1700 support level. With a 5% drop in 24 hours and heightened volatility, this article explores the potential causes and key technical levels, offering insights for navigating the current market turbulence.
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