The 55th project listed on Binance Launchpool was IO.NET (IO).

Leading cryptocurrency exchange Binance announced that its users can farm IO tokens by staking BNB and FDUSD. Binance will list IO after the farming period ends.

Farming period will start on June 7 and end on June 11 at 02:59 (UTC). #Binance will list IO token with the following trading pairs on June 12

🔸️IO/BTC
🔸️IO/USDT
🔸️IO/BNB
🔸️IO/FDUSD
🔸️ IO/TRY

#IO.NET , formerly known as ANTBIT, is a decentralized network that brings together GPUs in crypto miners, data centers, and decentralized storage providers, providing virtually unlimited computing power for AI and machine learning applications.

🧙‍♂️ Batch Inference and Model Presentation: Used to speed up the process of making inferences on incoming data sets.

🧙‍♂️ Parallel Training: Offers the ability to perform parallel processing by overcoming CPU/GPU memory limitations in model training.

🧙‍♂️ Parallel Hyperparameter Tuning: Optimizes hyperparameter tuning experiments.

🧙‍♂️ Reinforcement Learning: Supports production-grade, highly distributed RL workloads.

IO.NET collaborates with dedicated GPU providers and various partners to provide advanced GPU access for AI, machine learning, and gaming workloads. These business partners include companies such as Aethir, Exabits, Hiveon, Aurory.
#Binance55thProject(IO) #IOLAUNCHPOOL #IO

🧙‍♂️ #Binance announced that it will support the Chiliz network upgrade and Hard Fork.

•To ensure the best user experience, the exchange will suspend deposits and withdrawals on the Chiliz (#CHZ ) network starting June 17, 10:00.

🧙‍♂️On June 13, spot Bitcoin ETFs recorded an outflow of $226 million.

🧙‍♂️BlackRock's (IBIT) Bitcoin ETF saw $18 million in inflows.

🧙‍♂️ Grayscale (GBTC) Bitcoin ETF experienced an outflow of $61 million.

🧙‍♂️ Fidelity (FBTC) Bitcoin ETF saw an outflow of $106 million.

🧙‍♂️Ark Invest (ARKB) ETF experienced an outflow of $52 million.

Robert Kiyosaki Explained Bitcoin as the Key to Becoming a Millionaire.

Robert Kiyosaki, known for his best-selling book "Rich Dad Poor Dad", recently shared his views on how to become a millionaire with Bitcoin. In a recent post, Kiyosaki drew attention to the transformative power of Bitcoin and emphasized that it simplified the process of getting rich for himself. “Bitcoin does the hard work for me. That's why I love Bitcoin,” he said. However, some followers argue that Bitcoin's current price levels reduce accessibility for the average investor. At the time of writing this report, Bitcoin is trading at $69,933 according to CoinMarketCap.

While Kiyosaki emphasizes Bitcoin's potential to accumulate wealth, critics note large barriers to entry for ordinary individuals. Bitcoin's high price point often prevents small investors from realizing significant gains. This questions the viability of Bitcoin as a universal wealth creation strategy. Investors are advised to diversify and conduct detailed research before diving into cryptocurrency investments.

ETF Prospects Are Rising in Ethereum (ETH)! Price Expectations in ETH!

Ethereum, the leading smart contract platform, rose with support from the increase in Bitcoin price. Ethereum's spot ETF approvals were cited as one of the main reasons for the increase in the token's price. However, today's decline in Bitcoin affected Ethereum. Experts remain positive about Ethereum if the Bitcoin price recovers.

Following the price drop in Ethereum, sales in the cryptocurrency markets reduced the weekly transaction volume of the altcoin by approximately 9%. The decline in Ethereum affected experts' belief in the $ 4,000 target. The possible approval of spot Ethereum ETFs would trigger institutional and individual interest and could also fuel price growth.

It is among the speculations that the upward trend of the cryptocurrency markets with the recent spot ETF approval in Bitcoin may be similarly seen in Ethereum. As it is known, the USA approved Bitcoin ETFs on January 11. This move in Bitcoin caused the cryptocurrency to rise to its all-time high of $73,000.
The price of #Ethereum rose above $3,700 after the 19b-4 applications were approved. However, later the upward momentum gave way to a decline. This may give an idea of ​​what might happen if more than one #ETF is listed. There was also a similar entry in other altcoins and meme tokens. A notable uptick in this recovery has been inflows into enterprise products and decentralized protocols. As a result, Bitcoin's decline negatively affected Ethereum and altcoins. Ethereum's price dropped and weekly trading volume decreased by 9%. Spot ETF approvals could boost #Ethereum price in the future and trigger institutional interest.
$BTC $ETH

🧙‍♂️ Top decentralized applications (dApps) by 30-day active users.

🧙‍♂️ While US dollar-backed stablecoins had a 90% market share in stablecoin transactions, the share of transactions using direct US dollars was 10%.

The usage share of Euro-backed stablecoins was 1.1%.

🧙‍♂️ SEC Chairman Gensler announced that he thinks the Ethereum ETF S-1 filings will be approved in the summer.

🧙‍♂️ CFTC Chairman Rostin Behnam stated that Ethereum is a commodity.

🧙‍♂️ Coinbase exchange announced that it will add futures for BOME and NOT coins.

Terraform agreed with the SEC: It will pay a $4.47 billion fine.

The U.S. Securities and Exchange Commission (SEC) on Wednesday filed a “proposed final approval order” with U.S. District Court Judge Jed Rakoff for the Southern District of New York to approve the plan. Under the proposed verdict, Terraform will pay $3.58 billion in restitution, $420 million in civil penalties, and bar Do Kwon from becoming a director or officer of any public company.

#TerraformLabs agreed to pay a $4.47 billion penalty after reaching a settlement with the US Securities and Exchange Commission (SEC) over its algorithmic stablecoin falling dramatically in 2022.

The #SEC filed a “proposed final approval order” on Wednesday and asked U.S. District Court Judge Jed Rakoff for the Southern District of New York to approve the plan.
The SEC said in its court filing:
“The proposed consent judgment addresses the magnitude of this fraud, implements significant remedial, punitive, and deterrent measures, includes multibillion-dollar judgment, and ensures meaningful and expeditious relief for investor victims.
“If approved, the proposed resolution would send a clear deterrent message not only to those who engage in brazen behavior, but also to all individuals who attempt to establish new standards of conduct to evade the requirements of the federal securities laws.”

Terraform and its founder Do Kwon reached an “agreement in principle” with the SEC after oral argument was canceled in late May. Under the proposed verdict, Terraform will pay $3.58 billion in restitution, $420 million in civil penalties and bar Kwon from becoming a director or officer of any public company.

Kwon also must pay approximately $204 million “to the Terraform bankruptcy estate for distribution to injured investors,” the SEC said.

🧙‍♂️ Popular memecoins of the day by social activity
#Doge #Pepe #shiba⚡
$DOGE $PEPE $SHIB

Toncoin Outperforms Ethereum in Daily Active Addresses and Transactions.

Recently, Toncoin, the blockchain associated with Telegram, has experienced more activity than the well-established Ethereum network. On-chain data from Artemis shows that Toncoin has consistently outperformed Ethereum in daily unique addresses for much of this month.

On June 3, Toncoin's daily unique address count hit a year-to-date high of 568,300, surpassing Ethereum's 351,400 address count by 62%. This rapid increase highlights the changing landscape in the crypto industry.

Toncoin's daily transaction volume has also exceeded Ethereum since mid-March. Notably, on May 17, Toncoin's daily transactions reached 9 million, significantly surpassing Ethereum's 1.1 million transactions on the same day. This acceleration in user activity is largely attributed to Telegram's large user base of 900 million, according to Delphi Digital.

Currently, TON is trading at $7.65, recovering from its two-month low of $6.76 on June 11. In the last 24 hours, the token's trading volume increased by over 100%, reaching a total of $491 million, reported CoinMarketCap. This price recovery brought profits to many TON holders, and the token's value increased by 9%.

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Surprising artificial intelligence statement from Apple CEO Tim Cook

Recently, while Apple was explaining its artificial intelligence system and how it will be integrated into devices, an interesting statement came from the company's CEO.

Apple recently introduced Apple Intelligence at the Worldwide Developers Conference (WWDC 2024).  As the company enters a new era with artificial intelligence, Tim Cook also made striking statements about the developments. 

According to an interview published with tech YouTuber Marques Brownlee, Apple CEO Tim Cook said people may use their iPhones less with Apple Intelligence. The CEO noted that as Apple Intelligence continues to get smarter, previously time-consuming tasks may take less time.

The technology giant announced that it will integrate artificial intelligence into its systems at Apple's #WWDC event on Monday. The #CEO and other executives detailed a number of #AI features that will be available on Apple devices along with the latest software.

Some of the updates include a new and improved Siri with better language understanding and text capabilities, cross-app integration, and a revamped Photos app that organizes photos into different categories.

Apple also announced its partnership with OpenAI, which will allow users to opt-in to Siri with ChatGPT support. 

Cook added that Apple has never motivated people to spend their lives on their devices. Cook, who had made similar comments before, said that people should focus more on the people in the same room with them.

"Our model is not one that requires interaction to be successful. Our model is one where we want to empower you to do things that you wouldn't be able to do otherwise," Cook said in the interview.

Apple has also added several features to the iPhone that raise awareness about how much time consumers spend on their devices and help make their usage more conscious.

Cook said features like Screen Time track how much time you spend on your iPhone and display it on the user's face. 
$BTC

🇺🇸US Unemployment Benefit Applications announced:

•Declared: 242K
•Expectation: 225K
•Previous: 229K

Bitcoin Good News from MicroStrategy: It Will Make a Half Billion Dollar Purchase!

According to MicroStrategy's (#MSTRstock ) announcement today, the company plans to issue $500 million worth of convertible notes maturing in 2032. It was stated that the issuance process will proceed depending on the conditions in the market and other areas.

The convertible notes to be issued by #MicroStrategy will pay interest twice each year, on June 15 and December 15, starting from December 15, 2024.

It was stated that the conversion time for the notes will come in 2032, but MicroStrategy can buy all or some of the notes in exchange for cash as of June 20, 2029. The notes can be exchanged for cash or shares of MicroStrategy common stock.
MicroStrategy, which describes itself as “the world's first Bitcoin development company,” will use the proceeds from the sale to purchase more Bitcoin.

MicroStrategy adopted Bitcoin as a reserve asset in August 2020 under the leadership of #MichaelSaylor . The company, which purchased more than 25 thousand Bitcoins in the first four months of this year, has a total of 214 thousand 400 Bitcoins.
The company paid an average of $35,180 per unit for these. According to CoinGecko data, #Bitcoin is currently traded at $67,495.

MicroStrategy is proposing to issue $500 million in convertible bonds to purchase additional Bitcoin.

MicroStrategy (MSTR) on Thursday announced its intention to issue a total of $500 million worth of convertible bonds due in 2032. The company plans to use the money from these bonds to buy more #Bitcoin (BTC) and other business-related expenses.
The bond offering will depend on the condition of the financial market and there can be no assurance as to when it will occur or the specific details of the offering.

"MicroStrategy also plans to grant the initial purchasers of these bonds an option to purchase up to an additional $75 million of these bonds. This option will be exercisable within a period of 13 days from the date of issuance of the bonds," it said.

MicroStrategy may elect to repurchase some or all of these notes for cash beginning June 20, 2029, but only if certain criteria are met. This private security offering will be open only to certain purchasers who are qualified institutional investors under Rule 144A of the Securities Act of 1933.

MicroStrategy currently holds 214,400 #BTC with a market cap of over $14 billion. This makes it the public company with the largest Bitcoin holdings. MSTR's stock price fell 1.5% in the pre-opening hours of the stock market.

This article was created with the help of artificial intelligence, translated and reviewed by a human editor. Please see our terms and conditions for more details.
$BTC

$101 million inflow into US spot Bitcoin ETFs.

There was a net inflow of $101 million into US spot Bitcoin ETFs on Wednesday. Fidelity's FBTC was at the top with an inflow of $51 million. 11 spot Bitcoin ETFs in the US raised a total of $100.9 million on Wednesday. Following the net outflows on Monday and Tuesday, these inflows continued the record inflow series of the last 19 days.

Fidelity's FBTC led the way with $51 million in inflows on Wednesday, according to SosoValue data. BlackRock's IBIT ranked second with an inflow of $16 million. Bitwise's BITB generated a net inflow of $15 million, while VanEck's HODL contributed $12 million. Ark Invest's #ARKB achieved a net inflow of $9 million.

Grayscale's #GBTC , WisdomTree (BTCW), Invesco and other funds that typically record net outflows since January reported zero inflows. Since their inception, the 11 Bitcoin ETFs have generated a combined net inflow of $15.52 billion.

These large inflows on Wednesday coincided with important economic data expected from the US economy. According to CNBC, the Labor Department's May U.S. consumer price index was flat, which may indicate inflation is slowing. However, the Federal Open Market Committee decided to keep the interest rate between 5.25% and 5.50% after its meeting on Wednesday. According to CNN's report, the Federal Reserve predicts only one rate cut in 2024 because it does not believe deflationary trends are over.

This resurgence in US spot Bitcoin ETFs is considered an indication that investors' interest and confidence in Bitcoin is increasing.

US Spot Bitcoin ETFs saw a resurgence on Wednesday with a whopping $101 million inflow. Fidelity's #FBTC led with $51 million, while BlackRock, Bitwise, and VanEck also saw significant inflows. Investors' interest in Bitcoin is increasing, and this trend is expected to continue with the positive data from the US economy.

⚡️TinTinLand AMA Recap⚡️

What a great AMA we had at TinTinLand with our Chief AI Officer, Dr. Jenn Dodgson 🚀 One lucky attendee even won a coveted KIP Protocol hoodie for asking an insightful question!💡

Dr. Jenn revealed how building a project for Animoca exposed the challenge of developing AI apps without extensive infrastructure, which most creators lack. This inspired KIP's mission to create an open platform where anyone can contribute models and build apps, breaking free from the limitations of restricted corporate models. Her empowering message: The best way to begin an AI project is to simply start one and $KIP is here to make it easier for you! 😎

For the full AMA recap, listen here 👇
https://x.com/KIPprotocol/status/1801178873100714185

🚨Reminder:

🇺🇲US Unemployment Benefit Applications will be announced today at 15:30.
•Expected: 225K •Previous: 229K

🇺🇸US Producer Price Index (PPI) will be announced today at 15:30.
•Expectation: 0.1% •Previous: 0.5%

🔥PARTNERSHIP ANNOUNCEMENT🔥

We’re excited to announce our new partner Friend3 with the contributions of Parrot Bamboo

🎉Friend3 is an open #SocialFi platform that blends social dApp

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