Meta is scaling back its high-end metaverse projects due to significant financial losses, including scrapping the La Jolla mixed-reality headset. Instead, the company will focus on more affordable VR devices like the Quest 3S and upcoming Orion AR glasses, aiming to make its technology more accessible.
AnaisThe TON Society has called on French authorities to release Telegram CEO Pavel Durov, denouncing his imprisonment as a violation of human rights and free speech. The letter also urges tech companies to resist state censorship, while crypto leaders worry about the broader impact on the digital asset landscape.
CatherineDonald Trump has launched his fourth NFT collection, “Series 4: The America First Collection,” featuring various themed cards priced at $99 each. This move reflects his shift from crypto skepticism to embracing digital assets, leveraging NFTs to generate millions and connect with crypto-friendly voters ahead of the 2024 election.
JoyHenley & Partners and New World Health report a 95% rise in individuals with over $1 million in crypto, fuelled by BTC and ETH ETFs, and increasing crypto values. As institutional adoption grows, wealth generation in crypto is expected to expand further.
KikyoQuidax has made history as the first Nigerian crypto exchange to receive a provisional operating license from the Nigerian SEC, marking a major step toward formal regulatory oversight for the country's digital asset industry. Despite this progress, challenges remain with stringent regulatory requirements and ongoing tensions between the government and the crypto sector.
AnaisTON blockchain experienced over seven hours of inactivity, during which no new blocks were generated. The network has since resumed normal operations. Some speculate that the recent surge in DOGS transaction may have contributed to the disruption.
CatherineApple is laying off around 100 employees in its digital services division, focusing more on AI and away from areas like Apple Books. The upcoming iPhone 16 Pro will feature new AI capabilities, but these will be fully available only after software updates later in the year.
WeatherlyA Chinese court concluded a case involving a dispute over a virtual currency investment entrustment contract. The platform ran away, resulting in the investor being unable to recover millions of dollars, and it was ruled that the investor should bear the losses himself.
AlexLegendary trader Arthur Hayes said that if there is an economic recession in the United States, the Federal Reserve will increase its money printing efforts, thus driving Bitcoin to surge.
MiyukiBloomberg's senior ETF analyst, Eric Balchunas, predicts that Satoshi Nakamoto may lose his status as Bitcoin's largest holder by Halloween, a revision from his earlier estimate of late 2024. Satoshi is believed to hold around 84% of his original Bitcoin holdings.
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