Headlines
▌Apple plans to abandon its electric car plan and shift the team to generative AI
According to Apple breaking reporter Mark Gurman, citing people familiar with the matter, Apple (AAPL.O) has canceled its decade-long electric car plan. Apple's internal disclosure on Tuesday surprised nearly 2,000 employees involved in the project, people familiar with the matter said. The decision was made jointly by Chief Operating Officer Jeff Williams and Vice President Kevin Lynch, who oversees the effort, according to people familiar with the matter. The two executives told employees that the project would begin to wind down, and that many employees working on automotive development would be reassigned to the artificial intelligence unit, where those employees would focus on generative AI projects, which is increasingly important to the company. Priorities.
The Apple car team also has hundreds of hardware engineers and car designers who may also apply for jobs on other Apple teams. The company will lay off employees, but it's unclear how many will be laid off.
▌Uniswap introduces limit order function on the web page without GAS fee
Uniswap Labs has announced the launch of a limit order feature that will allow users to set limit orders for ERC-20 tokens on Ethereum on the Uniswap web application. Limit orders are powered by UniswapX, leveraging on-chain and off-chain liquidity with no GAS fees and can be set up for any exchange size with no minimum requirements.
Limit orders enable users to automatically execute trades at their desired price without having to constantly monitor the market. When placing a limit order, users can set the price at which they wish to buy or sell a token within a specific time frame.
Quotes
As of press time, according to coinmarketcap data:
The recent transaction price of BTC was 57,070.5 US dollars, with fluctuations during the day. Frame+0.56%;
ETH Recent The transaction price was US$3243.8, and the intraday increase or decrease+0.43%;< /p>
BNB’s recent transaction price was US$395, with an intraday increase or decrease of +0.48% strong>;
ORDI’s recent transaction price was US$67.662, with an intraday increase or decrease+0.93%;
The recent transaction price of DOGE was US$0.0975, with intraday changes +1.70%;
SOL’s recent transaction price was US$108.39, with intraday gains and losses+1.45%.
Policy
▌IRS hires former Binance.US and TaxBit Executives serve as consultants
The IRS has hired former Binance.US executive Sulolit “Raj” Mukherjee and TaxBit’s former vice president of government relations Seth Wilks as consultants. It is reported that Sulolit “Raj” Mukherjee Previously served as global head of tax at blockchain software company ConsenSys and worked at digital asset exchange Binance.US.
The IRS stated that the two will help lead the agency’s encryption compliance and enforcement efforts. IRS Commissioner Danny Werfel said: “Bringing the expertise of the private sector to the IRS team Collaboration is critical to the success of work involving digital assets and helps us do it in a way that works for everyone."
▌Digital Chamber of Commerce files amicus brief to support Kraken in SEC lawsuit
According to an official announcement, the Digital Chamber of Commerce has filed a motion requesting permission to submit amicus briefs in the U.S. SEC v. Payward, Inc. (Kraken) case, a move aimed at ending the SEC’s attempts to regulate the digital asset industry without legislative authority. .
The Digital Chamber of Commerce stated that contrary to the SEC’s explanation, digital assets are not essentially “investment contracts.” The SEC’s enforcement attitude towards digital asset companies such as Kraken will have a negative impact on digital assets worth trillions of dollars. The impact is huge, stifling innovation and potentially hindering the growth of the U.S. economy.
▌Bitfinex hacker became a US government witness, saying that money was laundered through Bitcoin Fog as many as 10 times
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Bitfinex Bitcoin theft hacker Ilya Lichtenstein appeared as a cooperating witness for the U.S. government in the Washington money laundering trial. Lichtenstein testified that he used a service called Bitcoin Fog as many as 10 times to launder some of the stolen money. In addition, he hacked into Bitfinex's systems for several months and also hacked into personal accounts at other crypto exchanges such as Coinbase and Kraken.
Lichtenstein said he eventually stopped using Bitcoin Fog because he found other mixers "better suited for his purposes." One of them was Helix, run by Larry Harmon, who pleaded guilty in 2021.
▌Fox: The White House is worried about the impact of Bitcoin mining on the power grid. To put pressure on, or tighten supervision
According to Fox senior reporter Charles Gasparino, the U.S. White House is worried that Bitcoin mining may put pressure on the power grid as BTC prices soar and demand exceeds supply. . Cryptocurrency officials say the concerns are exaggerated, but the fear could lead the White House to tighten regulations on the industry, Fox said.
Blockchain Applications
▌Thunder will be launched on the Blast mainnet< /p>
Thunder announced that it will add support for Blast on the first day of the Blast mainnet launch, and will return most of the Big Bang bonus to users. At the same time, transactions on Blast will enjoy a 10% special point bonus .
▌Bitcoin payment app Strike expands services to Africa
Focus on Bitcoin Bitcoin payment app Strike has announced the launch of Strike Africa, expanding its full suite of Bitcoin services to Gabon, Côte d'Ivoire, Malawi, Nigeria, South Africa, Uganda and Zambia, with more African markets to come in the future.
Strike Africa will offer customers buying and selling Bitcoin and USDT, local fiat currency deposits and withdrawals, and global payment services utilizing the Bitcoin Lightning Network, enabling low-cost, fast transfers and cross-border transaction payments. .
▌Lens Protocol transitions to “permissionless” phase
< p>Decentralized social media platform Lens Protocol has announced that it has transitioned to a “permissionless” phase, allowing all users to participate in the network by creating on-chain NFTs for their profiles. The change allows any user to create their own profile for a fee of 10 Matic tokens (currently worth $10.30) or pay a similar amount using a credit card, thus facilitating their entry into the platform. Additionally, any user can create a Lens profile and access the protocol, where previously profile creation was limited to selected users.
▌Ubisoft has reached a cooperation with Helika to launch the first Original NFT game
Game giant Ubisoft announced a partnership with Helika, a company that provides on-chain and social analytics and marketing for games, to launch its first original NFT game Champions Tactics: Grimoria Chronicles Insights and game management capabilities company. According to the startup, Ubisoft will launch the game on the Oasys blockchain using its services, including on-chain and in-game data, attribution, real-time operations, codeless meta-feature management and A/B testing.
Cryptocurrency
▌BlackRock Spot Bitcoin ETF trading volume exceeded $1 billion for the second consecutive day, continuing to hit new highs
Following yesterday’s record trading day, BlackRock Spot Bitcoin ETF (IBIT) trading volume exceeded $1 billion for the second consecutive day.
Data released by Bloomberg analyst Eric Balchunas showed that IBIT’s trading volume reached $1.3 billion, once again breaking its single-day trading volume record (more than the trading volume of most U.S. large-cap stocks) .
HODL15Capital pointed out in the Strong” trading volume.
▌MicroStrategy surpasses United Airlines to become the 471st largest company in the United States by market capitalization
Data released by Bitcoin News shows that MicroStrategy has surpassed United Airlines to become the 471st largest company in the United States by market capitalization. The data shows that United Airlines is US$14.67 billion and MicroStrategy is US$14.96 billion.
▌The single-day trading volume of 9 spot Bitcoin ETFs except GBTC far exceeds 2 billion USD
According to data released by Bloomberg analyst Eric Balchunas, as of the close of U.S. stocks on Tuesday, the daily trading volume of nine spot Bitcoin ETFs except GBTC far exceeded US$2 billion, of which BlackRock’s IBIT once again broke its record with over $1.3 billion in trading volume, and Fidelity’s FBTC was at $578 million.
Analysts also said that IBIT's number of independent transactions exceeded 100,000, and the average before Tuesday was about 30,000-60,000 per day.
▌Kraken Institutional’s complete product suite is planned to be launched within the year. Includes "qualified custody" services
Crypto exchange Kraken has launched Kraken Institutional, a platform for institutional investors aimed at working with investors in the cryptocurrency space. Tim Ogilvie, global head of Kraken's institutional business, said the new brand aims to consolidate existing Kraken products into one place for customers to use. Kraken Institutional's complete product suite will be launched later this year, including special purpose chartered by the State of Wyoming. "Qualified Custody" services provided by Kraken Financial, a depository institution.
Ogilvie said: “Kraken’s new institutional brand is not about grabbing existing market share, but about preparing new entrants as they begin to enter the digital asset class.”
▌TD Cowen: MicroStrategy Bitcoin strategy can add value to shareholders
TD Cowen analysts wrote in a report today that they expect MicroStrategy's Bitcoin trading "will prove over time that it can Bring added value to shareholders”.
TD Cowen analysts wrote: "MicroStrategy represents a new type of company that generates dollar-based cash flow from enterprise software and cloud services and then leverages it effectively. Excess cash flow is converted into Bitcoin. What began as a defensive strategy to protect the value of reserve assets has become an opportunistic strategy aimed at accelerating the creation of shareholder value.”
▌Tether CEO: More fund managers will add Bitcoin to their portfolios
Tether CEO Paolo Ardoino predicts that Bitcoin will be increasingly integrated into traditional finance, Following the approval of a spot Bitcoin ETF in the United States, more fund managers are expected to be interested in adding Bitcoin to their portfolios.
Ardoino said: “Now every company can start to add a little bit of Bitcoin to its balance sheet, and I think that number will grow over time.”
Important Economic Updates
▌The Fed’s easing range in 2024 will be 75 basis points, that is, three interest rate cuts< /strong>
Swap market pricing shows that the Fed’s easing range in 2024 will be only 75 basis points, or three interest rate cuts.
Golden Encyclopedia
▌Block rewards
Block rewards are a key component in supporting the decentralized nature of cryptocurrencies and have enormous symbolic and functional importance. Basically, block rewards are fees paid to crypto miners for adding authorized transactions to the network. This process, known as mining, involves completing challenging mathematical puzzles, increasing the network’s computing power and maintaining the integrity of the distributed ledger.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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