AI 💣 Blockchain ➡️ What Can Happen?
In today's edition: 🎙️ New pod on AI+blockchain, 🫢 Arkham's controversial marketplace, 💲120K BTC?, and more!
What’s Poppin’?
by Samyuktha Sriram
Arkham Launches Bounty Marketplace to Trade Crypto Wallet Intel
The so-called “on-chain intelligence exchange” drew criticism from the crypto community who labeled it a “dox to earn” marketplace.
Standard Chartered Predicts Bitcoin Will Reach $120,000 in 2024
The bank revised its price target for Bitcoin upward citing an increase in miner profitability as a potential catalyst.
Former SEC Chair on Why Spot Bitcoin ETFs Deserve Approval
Jay Clayton said it would be “hard to resist” approving a spot Bitcoin ETF if the institutions applying can demonstrate the similarities between crypto spot and futures markets.
On the Pod…
In recent months, ChatGPT, Bard and other new artificial intelligence (AI) products have revolutionized numerous industries. But how this nascent technology can work with crypto and blockchain technology is still relatively unexplored. In this episode, Illia Polosukhin and Jason Warner delve into the transformative potential of AI and crypto coming together.
They explore a wide array of applications, from AIs managing Decentralized Autonomous Organizations (DAOs), to DAOs being used to help open source AIs, to blockchain technology making the inner workings of AIs more transparent.
Tune in to this episode for a deep dive into the fusion of AI and crypto.
Daily Bits…✍️✍️✍️
📝 U.S. Senator Thomas Tuberville requested an investigation into crypto broker Prometheum, suggesting that the firm might have provided false congressional testimony or violated securities laws.
💱 The Bank for International Settlements (BIS) anticipates approximately 15 retail central bank digital currencies (CBDCs) to be operational globally by 2030, with 93% of central banks currently engaging in CBDC-related initiatives.
🔍💰 Crypto investigator ZachXBT accused YouTuber "Blue" of being involved in phishing scams that have allegedly stolen more than $1.5 million using NFT drainer technology.
🚫 The Virtual Assets Regulatory Authority in Dubai suspended the conditional license of BitOasis, a cryptocurrency exchange, citing non-compliance with specific conditions, with the exchange now working towards fulfilling them.
📈 Bitcoin Ordinals experienced a surge in activity with more than 350,000 new inscriptions daily, following the introduction of the BRC-69 token standard.
👮♂️ The UK's Financial Conduct Authority, together with several police forces, intensified its crackdown on crypto ATMs, conducting 18 site inspections in May and June, leading to the disruption of 26 unlawfully operating machines.
🚨 Rodeo Finance, a decentralized finance platform on Arbitrum, reportedly lost $888,000 in ether due to an oracle manipulation attack, with the perpetrator transferring the stolen funds to Ethereum and obscuring their trail via Tornado Cash.
💻 Soufiane Oulahyane, a Moroccan citizen, was indicted by the U.S. Department of Justice for allegedly operating a counterfeit OpenSea website and stealing $450,000 in cryptocurrencies and NFTs.
🗳️ Aave's governance community is preparing to vote on a proposal to launch its decentralized stablecoin, GHO, on the Ethereum mainnet.
Today in Crypto Adoption...
☕️ Starbucks' Web3 loyalty program, Odyssey, partnered with NFT project Aku created by ex-MLB player Micah Johnson for its next digital collectible stamp, contributing to child empowerment.
The $$$ Corner…
💰 Narval, a French startup developing a web3 wallets management platform, garnered $4 million in a seed round led by BlockTower VC.
💻 In Q1 2023, funding for web3 ventures witnessed an 80% drop compared to the same period in 2022, as per K33 Research's data.
Bringing institutional-grade financial products on-chain, starting with the tokenization of US Treasuries and money market funds.
What Do You Meme?
Learn 🤓
How to Check NFT Rarity: A Quick Guide
Knowing how to evaluate NFT rarity is an essential skill for anyone looking to purchase NFTs as an investment because the rarity of an NFT can play a significant role in determining its value.
📈 Your Market Update 📉
BTC is up .9%, trading at $30,443
ETH is up .4%, trading at $1,871
BTC dominance: 48.2%
Crypto market cap: $1.23 trillion
*All data as of today, 7:33 am ET
Recommended Reads
A TL;DR on Aave Delivery Infrastructure
CoinDesk: What Mastodon’s Critical Bug Fixes Say About Crypto’s Security Vulnerabilities
Vance Spencer on why crypto is in a good place
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Praise The Lord