Market observers will closely watch the United States CPI data and the Fed’s policy decision to provide direction to the stock and crypto market.
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Breaking: US lawmakers file 'SEC Stabilization Act' to fire Gary Gensler
"U.S. capital markets must be protected from a tyrannical Chairman, including the current one," Congressman Warren Davis wrote in reference to SEC head Gary Gensler.
UK to get ‘early or priority access’ to AI models from Google and OpenAI
It’s unclear at this time what access the U.K. will receive, but the reported commitment could be the first of its kind.
Bitcoin and select altcoins show resilience even as the crypto market sell-off continues
Regulatory enforcement against the crypto sector has spooked investors, but the total crypto market capitalization continues to hold above $1 trillion.
Bitcoin and select altcoins show resilience even as the crypto market sell-off continues
A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11.
This time, the move wasn’t driven by Bitcoin (BTC), as the leading cryptocurrency gained 0.8% during the seven-day period. The negative pressure came from a handful of altcoins that plunged over 15%, including BNB (BNB), Cardano (ADA), Solana (SOL), Polygon (MATIC) and Polkadot (DOT).
Total crypto market cap in USD, 1-day. Source: TradingViewNotice that the downtrend initiated in mid-April has tested the support level in multiple instances, indicating that an eventual break to the upside would require extra effort from the bulls.
The United States Securities and Exchange Commission tagged multiple altcoins as securities in separate lawsuits filed last week against crypto exchanges Binance and Coinbase.
Despite the worsening crypto regulatory environment, two derivatives metrics indicate that bulls are not yet throwing in the towel but will likely have a hard time breaking the bearish price formation to the upside.
Bitcoin and select altcoins show resilience even as the crypto market sell-off continues
A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11.
This time, the move wasn’t driven by Bitcoin (BTC), as the leading cryptocurrency gained 0.8% during the seven-day period. The negative pressure came from a handful of altcoins that plunged over 15%, including BNB (BNB), Cardano (ADA), Solana (SOL), Polygon (MATIC) and Polkadot (DOT).
Total crypto market cap in USD, 1-day. Source: TradingViewNotice that the downtrend initiated in mid-April has tested the support level in multiple instances, indicating that an eventual break to the upside would require extra effort from the bulls.
The United States Securities and Exchange Commission tagged multiple altcoins as securities in separate lawsuits filed last week against crypto exchanges Binance and Coinbase.
Despite the worsening crypto regulatory environment, two derivatives metrics indicate that bulls are not yet throwing in the towel but will likely have a hard time breaking the bearish price formation to the upside.
US court dismisses BitGo’s claims in $100M lawsuit against Galaxy Digital
Vice Chancellor J. Travis Laster of the Delaware Court of Chancery said Galaxy had a “clean termination right” to the acquisition of BitGo, which it announced in 2022.
Is Ron DeSantis good for crypto? Republican makes Bitcoin part of campaign
The governor of Florida wants to defend people’s right to “do Bitcoin.”
AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns
Is AI an existential threat like nuclear weapons, or as likely to kill us as a toaster? Why all AI fields advance at once, and dumb pic puns.
AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns
Just as we don’t allow just anyone to build a plane and fly passengers around, or design and release medicines, why should we allow AI models to be released into the wild without proper testing and licensing?
That’s been the argument from an increasing number of experts and politicians in recent weeks.
With the United Kingdom holding a global summit on AI safety in autumn, and surveys suggesting around 60% of the public is in favor of regulations, it seems new guardrails are becoming more likely than not.
One particular meme taking hold is the comparison of AI tech to an existential threat like nuclear weaponry, as in a recent 23-word warning sent by the Center of AI Safety, which was signed by hundreds of scientists:
“Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.”
AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns
Just as we don’t allow just anyone to build a plane and fly passengers around, or design and release medicines, why should we allow AI models to be released into the wild without proper testing and licensing?
That’s been the argument from an increasing number of experts and politicians in recent weeks.
With the United Kingdom holding a global summit on AI safety in autumn, and surveys suggesting around 60% of the public is in favor of regulations, it seems new guardrails are becoming more likely than not.
One particular meme taking hold is the comparison of AI tech to an existential threat like nuclear weaponry, as in a recent 23-word warning sent by the Center of AI Safety, which was signed by hundreds of scientists:
“Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.”
AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns
Is AI an existential threat like nuclear weapons, or as likely to kill us as a toaster? Why all AI fields advance at once, and dumb pic puns.
AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns
Is AI an existential threat like nuclear weapons, or as likely to kill us as a toaster? Why all AI fields advance at once, and dumb pic puns.
AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns
Just as we don’t allow just anyone to build a plane and fly passengers around, or design and release medicines, why should we allow AI models to be released into the wild without proper testing and licensing?
That’s been the argument from an increasing number of experts and politicians in recent weeks.
With the United Kingdom holding a global summit on AI safety in autumn, and surveys suggesting around 60% of the public is in favor of regulations, it seems new guardrails are becoming more likely than not.
One particular meme taking hold is the comparison of AI tech to an existential threat like nuclear weaponry, as in a recent 23-word warning sent by the Center of AI Safety, which was signed by hundreds of scientists:
“Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.”
AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns
Is AI an existential threat like nuclear weapons, or as likely to kill us as a toaster? Why all AI fields advance at once, and dumb pic puns.
Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps
This was Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion.
Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps
The move is Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion.
Bitcoin to fight against European challenges — Northern Lightning founder
The Bitcoin community continues to develop tools and services that could prove useful as Europe grapples with conflict, migration and government overreach.
BTC Prague 2023: ‘Anyone can produce value in the Bitcoin ecosystem’
Wolf von Lare, the CEO of Students of Liberty, spoke with Cointelegraph about the nature of the Bitcoin community and the need for more openness.
SEC, CPI and a 'strong rebound': 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a “massive” week in a precarious position as key support stays out of reach for bulls.
After fresh losses across crypto markets over the weekend, BTC/USD closed the week below $26,000 for the first time in three months.
Both Bitcoin and altcoins continue to struggle thanks to legal battles raging in the United States and their impact on sentiment.
Fragile markets will now encounter a slew of volatility triggers, however, as U.S. macro data releases accompany the next steps in the crypto legal debacle.
In what promises to be five days full of surprises, traders will likely experience none of the lackluster sideways price action which was characteristic of crypto markets before the U.S. upheaval.
