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 Stock Hits New ATH
- Elon Musk Drops Lawsuit Against OpenAI
- Co-Museum Launches a Gold-Plated Skateboard Collection
- Project of the Day
- Crypto Corner
- Market Sentiment & Predictions
- Business & Political Insights
Market Watch
Top Gainers
- Ondo ($ONDO): +2.1%
- Pepe ($PEPE): +2.0%
- LEO Token ($LEO): +0.5%
Top Losers
- Uniswap ($UNI): -13.8%
- FLOKI ($FLOKI): -13.4%
- Notcoin ($NOT): -12.8%
Trending Crypto Sectors/Categories
- Frog-Themed
- Cross-chain Communication
- PolitiFi
Total Crypto Market Cap – 2.561 Trillion
Fear and Greed Index – 72
Top NFT Sale
- ENS: Ethereum Name Service #asesordefi.eth Sold for 93 ETH
Highlights of the Day
Apple Stock Hits New ATH
Apple’s stock soared to new heights on Tuesday, hitting record intraday highs fueled by investor enthusiasm following the company’s AI revelations at the Worldwide Developers Conference. The unveiling of advanced AI capabilities and their seamless integration into Apple’s product ecosystem has ignited bullish sentiment among analysts.
Bullish Outlook
Gil Luria of D.A. Davidson upgraded Apple to a Buy rating, emphasizing the “unprecedented capabilities” being introduced. He also raised the price target, reflecting heightened confidence in Apple’s trajectory. Similarly, Samik Chatterjee from JPMorgan predicts that the latest AI features will stimulate upgrade cycles across all of Apple’s devices, further bolstering the company’s growth prospects.
Elon Musk Drops Lawsuit Against OpenAI
Elon Musk has captured attention once again, this time by dropping his lawsuit against the AI startup OpenAI and its co-founders Sam Altman and Greg Brockman. Yet, this surprising move doesn’t mark the end of the conflict between the tech titans regarding the future of artificial intelligence.
Background on the Lawsuit
The lawsuit, initiated by Musk in February, alleged breach of an oral contract made during OpenAI’s inception in 2015. Musk contended that the founders had committed to developing artificial general intelligence for the betterment of humanity under a non-profit model. However, according to Musk, OpenAI veered from this path after securing substantial funding from entities like Microsoft, prioritizing profit over altruistic goals.
Co-Museum Launches a Gold-Plated Skateboard Collection
Co-Museum, known for its mission to democratize access to iconic artworks, has unveiled its latest endeavor: the “Artifact 001: The Golden Skateboard.” This exquisite collectible is the outcome of a groundbreaking collaboration between Azuki and skateboarding legend Tony Hawk, featuring a fully gold-plated skateboard.
The PBT standard
What sets this release apart is its pioneering use of the Physical Backed Token (PBT) standard. By leveraging this innovative approach, Co-Museum is bridging the gap between the digital and physical realms. This allows buyers of Artifact 001: The Golden Skateboard NFT to have fractional ownership of the physical skateboard, blending exclusivity with inclusivity in the art world.
Project of the Day
Filecoin
Filecoin ($FIL) continues to make waves in the world of decentralized storage, offering a peer-to-peer marketplace for storing and retrieving digital information. With its innovative blockchain technology, users can monetize their unused storage space while providing a valuable service to others.
Currently boasting a market cap exceeding $3 billion, $FIL is trading around $5.35, showing a modest 56% gain over the past 12 months. Despite this growth, the coin remains significantly below its all-time high of over $180.
Taking a broader perspective, the price appears to have stabilized around $4, indicating strong support levels. As the cryptocurrency market heats up, Filecoin is poised to attract more attention. However, achieving previous highs will likely require strategic marketing efforts and tangible partnerships.
Crazy Day in Crypto
- In the past 24 hours, a significant $255 million worth of cryptocurrency assets has been liquidated, highlighting the volatility in the market.
- Etherscan experiences intermittent outages, impacting users’ access to the platform and hindering their ability to effectively monitor Ethereum transactions and network activity.
Market Sentiment & Predictions
- Over the past week, the crypto market faced intense selling pressure, leading to over $100 billion in liquidations across major cryptocurrencies like Bitcoin, Ethereum, and altcoins.
Business Talks & Political Insights
- Three Democratic senators are urging the Federal Reserve to lower interest rates at its upcoming meeting, claiming that the current high rates are exacerbating inflation instead of controlling it.
GameStop (GME) saw a significant 23% surge today, raising around $2.14 billion through a share sale program, attributed to Keith Gill’s renewed discussion of the stock on YouTube.
