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Home BUSINESS

The Block Letter – Jun 10

Gary Ponce by Gary Ponce
June 11, 2024
in BUSINESS, CRYPTO, NFT
Reading Time: 7 mins read
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It has been a busy day in terms of news, so let us catch you up on the latest and greatest.

Today’s Agenda:

  • Market Watch
  • Highlights of the Day
    • Apple WWDC 2024
    • Uniswap Labs Acquires Crypto: The Game
    • Fuse: Solana’s First Smart Wallet
  • Project of the Day
  • Crypto Corner
  • Market Sentiment & Predictions
  • Business & Political Insights 

Market Watch

Top Gainers

  • Injective ($INJ): +5.6%
  • Uniswap ($UNI):  +5.3%
  • Monero ($XMR): +2.6%

Top Losers

  • Wormhole ($W): -18.4%
  • Brett ($BRETT): -9.3%
  • Notcoin ($NOT): -7.9%

Trending Crypto Sectors/Categories

  • Zero Knowledge (ZK)
  • Layer 1 (L1)
  • Layer 2 (L2)

Total Crypto Market Cap – 2.662 Trillion

Fear and Greed Index – 72

Top NFT Sale

  • Base, Introduced #148833 Sold for 159.5 ETH 

Highlights of the Day

Apple WWDC 2024

Apple’s Worldwide Developer Conference (WWDC) 2024 has once again set the tech world abuzz with excitement as Apple unveils a plethora of new products and updates. Among the highlights of this year’s event are VisionOS 2 for the Vision Pro Headset, iOS 18, watchOS 11, and special Siri gestures for AirPods. Moreover, iPadOS 18 brings new features for iPad users, while macOS Sequoia aims to enhance the Mac experience.

Integration with ChatGPT

In a groundbreaking move, Apple has announced a strategic partnership with OpenAI, the creators of ChatGPT. This collaboration will see ChatGPT’s advanced AI capabilities integrated into Apple’s Siri digital assistant, revolutionizing the way users interact with their devices. This integration is slated to debut later this year as part of iOS 18, promising a more intuitive and intelligent Siri experience.

Uniswap Labs Acquires Crypto: The Game

In a significant move within the Web3 gaming landscape, Uniswap Labs has announced the acquisition of Crypto: The Game (CTG), a blockchain-based survival game. This acquisition aims to elevate the game’s development and expand its reach within the crypto community and beyond. 

Looking Ahead

Collaborating closely with the CTG team, Uniswap Labs is gearing up for an exciting Season 3 of the game. The upcoming season promises new themes, twists, drama, and on-chain features, all while preserving the essence that fans adore. The goal is to deliver innovative crypto experiences that resonate with the existing community while leveraging Uniswap’s network to attract new players.

Fuse: Solana’s First Smart Wallet

The blockchain space is evolving rapidly, with new technologies emerging to address the growing demands of users. In this dynamic environment, Fuse has emerged as a pioneer, introducing Solana’s first smart wallet with a focus on security, usability, and programmability. 

Features and Offerings

Fuse Wallet boasts several features and offerings designed to provide users with a seamless and secure experience:

  • Elimination of Seed Phrases
  • Enterprise-Level Security
  • DeFi Integrations
  • Recovery Keys
  • Intuitive User Interface

Project of the Day

Oasis

Oasis ($ROSE) stands as a groundbreaking layer 1 blockchain, designed to prioritize scalability and confidential computation. With its robust architecture and high throughput, the network is set to facilitate private and scalable decentralized finance (DeFi), ushering in a new era of financial inclusion.

In recent market movements, $ROSE has demonstrated strong performance, boasting a market cap exceeding $835 million and trading around $0.12. Notably, the token has witnessed impressive growth, surging by over 15% in the past week, approximately 45% in the last month, and a substantial 178% over the past year. This consistent upward trend indicates a growing momentum and heightened market interest in the Oasis Network.

Given its impressive performance and positive community sentiment, the long-term outlook for $ROSE remains optimistic, reinforcing its position as a key player in the evolving blockchain ecosystem.

Crazy Day in Crypto

  • Bitcoin has surpassed the 70K mark today, but the price remains below the 20-day and 50-day moving averages, indicating the short-term trend is bearish.

Market Sentiment & Predictions

  • Elon Musk’s mention of Dogwifhat (WIF) during a livestream on social media platform X likely caused its price to surge despite the overall market downturn.
  • BlackRock’s Spot Bitcoin ETF presently retains a substantial holding of around 305,000 bitcoins, which translates to a staggering valuation exceeding $21 billion.

Business Talks & Political Insights

Elon Musk has declared that he would prohibit the use of Apple devices across his companies if Apple were to integrate ChatGPT at an OS level.

Tags: Apple WWDCBase Introduced #148833Crypto: The GameFuseOasisOpenAIUniswap Labs
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Gary Ponce

Gary Ponce

Drop Gorn enjoys watching anime and reading Manhwas and Light novel. Constantly honing his Forex trading and Video editing skills. When seeking moment of peace, rock music is his comfort.

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