Industry
Shaquille O'Neal Wears FTX and Astral NFT Suit at NBA Game
Former basketball star Shaquille O'Neal has yet another run-in with the process servers, who have been trying to file a class action lawsuit against him for months over his alleged promotion of FTX.James DeanFahrenheit Wins Bid to Acquire Assets of Crypto Lender Celsius
Cryptocurrency consortium Fahrenheit emerged as the winning bidder to acquire insolvent cryptocurrency lender Celsius Network, court documents show. The acquisition involved Celsius assets, previously valued at approximately $2 billion.Barry StidhamNvidia AI chip value soars amid AI development boom
The race to develop artificial intelligence (AI) continues as manufacturers around the world scramble to acquire the chips that power the technology.Craig GreenBinance Pauses Bridge Token Deposits, Seeks Clarification From Multichain Team
Cryptocurrency exchange Binance suspended deposits for 10 bridge tokens on May 25, after several days of stalled trading sparked uncertainty surrounding the Multichain protocol.Cornell RachelMeta's new Megabyte system solves one of GPT's biggest hurdles
Meta AI recently published preprint research demonstrating a new "megabyte" framework for building generative pre-trained transformer (GPT) systems.Martha GrizzardBitpanda inks licensing deal with Coinbase as part of strategic partnership
Vienna-based cryptocurrency investment firm Bitpanda has entered into a licensing agreement with Coinbase, making Coinbase a liquidity provider for Bitpanda Technology Solutions.Wayne IngramCrypto Firm Gemini Picks Ireland as European Base Amid US Crypto Blues
Cryptocurrency exchange Gemini has chosen Dublin as the headquarters for its European operations as the cryptocurrency firm seeks to expand outside the US.Sherry CantwellEU Regulator Urges Crypto Firms to Disclose Regulatory Status of Products
The European Union's financial watchdog has issued a statement reminding investment firms to ensure their clients understand the regulatory status of the products they offer.Craig GreenUS at risk of losing crypto race to UAE, South Korea, Australia and Switzerland
ARK Invest analyst Yassine Elmandjra has warned that the U.S. risks losing its lead in the cryptocurrency race to countries including the United Arab Emirates, South Korea, Australia and Switzerland.Jerry McNeillOpenAI warns superhuman AI could be here in a decade: 'We've got to get it right'
OpenAI CEO Sam Altman, CTO Greg Brockman, and Chief Scientist Ilya Sutskever recently wrote a blog post detailing OpenAI's position on the development and governance of "superintelligence."Sherry CantwellSouth Korea to Vote on Bill Requiring Lawmakers to Disclose Crypto Assets
South Korean officials recently approved a proposal to amend the country’s Public Service Ethics Act to include virtual assets, including cryptocurrencies.James DeanPhilippine SEC Says Gemini Derivatives Are Unregistered Securities Products
The Philippine Securities and Exchange Commission (PSEC) has posted a notice on its website warning the public not to invest in Gemini's Gemini Derivatives product. The product is available on the Gemini Foundation platform launching in select jurisdictions on May 1.Barry StidhamAmerican university gets $20 million to create new AI institute
A U.S. university has won $20 million in federal funding to create a new artificial intelligence (AI) research institute.Christopher Smith13 Years After First Bitcoin Purchase, Layer 2 Solutions Are Struggle to Gain Traction
Thirteen years after the birth of the world's first bitcoin, The pioneering cryptocurrency network faces a new wave of disruption thanks to Ordinals, a recently launched protocol that allows the addition of digital content, such as art to the Bitcoin blockchainCornell RachelSolana integrates AI into blockchain, raises grant fund to $10M
On May 23, the Solana Foundation, a nonprofit organization dedicated to maintaining and developing the layer-1 Solana blockchain, announced that it has integrated artificial intelligence (AI) using the ChatGPT plugin developed by Solana Labs.Wayne IngramNFT marketplace supports cross-chain purchases on multiple networks
A new feature of non-fungible token marketplace NFTrade allows collectors to buy items on one network while paying for them on another. According to a May 23 announcement, the feature was created through an integration with cross-chain messaging protocol Rarimo.Hallie GillNFT Tickets Shine in Mixed Martial Arts Leagues
The use case for non-fungible tokens (NFTs) as a ticketing solution continues to grow as mixed martial arts organization the Professional Fighters League (PFL) adopts the technology.Jerry McNeillOrdinals Send LTC and DOGE 3 Weeks Surge in Network Activity
Developer Casey Rodarmor Starts Ordinals Protocol to "Inscribe" Text and Images on Bitcoin The network has now moved into Litecoin and Dogecoin, transaction volume on these chains has skyrocketed for most of the month.James DeanInfluencers Fulfill Settlement Needs with NFTs After $7M Token Presale
non-fungible token (NFT) influencer who received settlement requests through the NFT which dropped an “F-bomb” casually multiple times claimed that the influencer “was involved in the recent $7 million token pre-sale” at least” involved in wire fraud.Barry StidhamFTX 2.0 coming soon? Court documents show reopening plan underway
Bankrupt cryptocurrency exchange FTX's revival plans may soon become a reality, as new CEO John Wray is laying out plans for a restart, according to the latest court filings.Christopher Smith
