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🤖 Internet Computer (ICP) AI Demo To Feature Facial Recognition Internet Computer Founder Dominic Williams has hinted at the integration of facial recognition in its incoming AI Demo push Dominic Williams, the founder of Dfinity, the parent company of the Internet Computer (ICP) blockchain has hinted at the next major update in its Artificial Intelligence (AI) smart contract demo release. 🔸 Internet Computer Pursuing Real-Life Application According to William, the protocol is planning to integrate facial recognition technology as the next major update in its AI smart contract innovation. While the exact details are yet to be unveiled, the Internet Computer founder said succeeding in this regard will be a lift. 💬 Shooting for next AI 🧠 smart contract demo to be on-chain facial recognition. Will be a lift, but… This week’s Global R&D will reveal an improved #ICP execution environment with SIMD instruction support, unlocking further decentralized AI speedups AIOnBlockchain — dom.icp ∞ Internet Computer is a major pioneer when it comes to deploying AI on smart contracts. It has long been teased that the innovative blockchain and AI technologies can co-exist. In practical terms, Internet Computer made attempt to showcase how AI running on ICP Testnets can be optionally autonomous and tamperproof. In the age of AI dominated by ChatGPT, many crypto projects are devising cleaver means to get in on the action. Besides Internet Computer, the trio of SingularityNET (AGIX), Fetch.ai (FET) and Ocean Protocol have collaborated to form the Artificial SuperIntelligence (ASI) Alliance. ASI Alliance aims to take on the big tech like OpenAI and Google by developing usable products and services. For now, the alliance is looking to get every member of the individual project to ratify the merger. If achieved, it will see the tokens of the three protocols merged into a single one on a 1:1:1 basis. $ICP

🤔 Is Solana Becoming The Preferred Choice For Ethereum Developers? SOL’s Uptrend Suggests A Shift According to a recent analysis by Jack Inabinet, Senior Analyst at Bankless, with significant growth in key metrics and SOL’s year-to-date increase of 770%, Solana has solidified its position as a top-tier blockchain. Native teams within the Solana ecosystem played a key role in its resurgence, but now non-native protocols are also seizing the opportunity. 🔸 Developers Deliver On Hype Solana’s comeback, from a low of $8 in December 2022 to an annual high of $210 in March, is one of the most notable uptrends of this bull cycle. According to Inabinet, developers have delivered on the hype, starting with the PYTH airdrop, the Pyth network’s native token. This incentivized users from different ecosystems to explore SOL by assigning tokens to addresses interacting with Pyth oracles across multiple networks. Additionally, Solana-native liquid staking protocol Jito Labs conducted its airdrop, catalyzing “mass adoption” through points-based incentive systems. While Solana-native protocols laid the foundation for the platform’s mainstream adoption, Ethereum developers are increasingly migrating to SOL. Inabinet highlights that recognizing the significant on-chain activity within Solana, projects are eager to capitalize on the opportunity. 🔸 Ethereum Developers Flock To Solana For example, the decentralized compute-sharing network Render migrated its token to the Solana Program Library (SPL) standard, and MetaMask introduced Solana compatibility by introducing “Snaps.” In addition, according to Inabinet, Aave, Ethereum’s first lending destination, has approved the deployment of a minimally viable version of its V3 isolated money market through Neon Ethereum Virtual Machine (EVM), a compatible Ethereum development environment built on top of Solana. Proposals for independent deployments, such as the EVM-based perpetual trading platform GMX, further demonstrate the growing interest in SOL. $SOL #SOL $ETH #ETH

📈 BONK Price Rallies 15%, Why Further Rally Is Imminent BONK price rises 10.06% in 24 hours, with trading volume up 90.90%. Technical indicators show strong buying interest and bullish momentum. Bonk (BONK) has surged in the past 24 hours, rising by 10.06% and currently trading at $0.00003869. The trading volume increased by 90.90% to $755.74 million, indicating continued bullish sentiment. BONK price recorded trading lows and highs of $0.00003381 and $0.00003927, respectively. Over the past week, BONK’s price has increased by 53.65%. 🔸 BONK Price Gains Momentum from Coinbase Listing A significant factor driving BONK‘s recent price surge is a promotional giveaway announced by the project. Over the next two weeks, the Solana-based memecoin will distribute $10,000 worth of its tokens, split equally among ten users. Participants must share their ‘cards’ on social media to qualify, boosting user engagement. This marketing strategy has significantly increased BONK’s trading activity and visibility. The promotional giveaway has created a buzz on social media, leading to heightened interest in BONK. As more users participate, the trading volume has surged, contributing to the token’s upward price movement. The giveaway’s success highlights the effectiveness of strategic marketing in the cryptocurrency market. Another key development is Coinbase’s announcement that it will list perpetual future contracts for Shiba Inu, BONK, and Floki Inu. These contracts will be available on the Coinbase International Exchange and Coinbase Advanced platforms. The memecoin is set to begin trading on Coinbase on May 30th, signaling strong demand from investors and traders. The upcoming Coinbase listing is a significant milestone for the memecoin, enhancing its credibility and accessibility. This development has fueled bullish sentiment among investors, anticipating increased trading activity and further price appreciation. The listing aligns with BONK’s recent market momentum, reinforcing its positive outlook. $BONK #BONK

🚀 FLOKI, WIF, BONK top gainers as meme coins take over markets The top gainer for today, rising 21%, is Floki (FLOKI), which currently sits at $0.0002813. The price surge for FLOKI followed the breakout of a horizontal level at the $0.00023 mark. Also, after breaking out from the $0.00023 level, FLOKI broke through a key resistance level at $0.00025. Now, FLOKI is heading toward its all-time high of $0.0003, according to CoinMarketCap. The price rise is due to Floki developers launching a Telegram-based trading bot for FLOKI holders on the BNB Chain network. The bot is anticipated to boost demand for FLOKI tokens and contribute to buying pressure. The bot will be charged a 1% transaction fee, half of which will be used to buy FLOKI on the open market. Upon writing this piece, dogwifhat (WIF) rose 23.25% and broke through its resistance level of $3.25. It is currently sitting at $3.33, pushing the market capitalization to approximately $3.35 billion, making it the 35th largest crypto by market cap, according to the data from CoinMarketCap. The token’s price increase has no external factor. It was just “due” to increase based on the market’s overall sentiment towards the token over the past three months. Today, BONK’s market activity included a price increase to $0.000039, reflecting a 13.11% change over the past 24 hours, reaching a new all-time high. The market capitalization rose 13.19%, reaching around $2.62 billion and positioning BONK as the 47th largest crypto by market cap. According to data from CoinMarketCap, the trading volume for BONK increased by 95.37% in the same period, totaling about $777 million. The BONK price, trading at $0.00003908, broke above the key resistance of $0.00003771. This is the closing price of the prior 2024 high when BONK reached $0.00004800 during the intra-day trading hours. Secondly, the above-mentioned factor might reduce the market’s bullishness, which could result in a consolidation. BONK could witness sideways movement between $0.00003939 and $0.00002833. $FLOKI $WIF $BONK #Memecoin #floki #wif #bonk

⭐️ Ethena USDe Custodian Certificate Shows Skyrocketing Asset Value! Ethena’s May custodian certificate reveals $2.677 billion in assets, bolstering investor confidence.Copper, Ceffu, and Cobo verified holdings contribute significantly to the custodial assets.With $15.4 million for redemptions and $42.3 million in reserves, Ethena ensures liquidity and stability. Ethena USDe has released its highly anticipated USDe asset custodian certificate for May. The certificate, unveiled as of 18:00 (UTC+8) on May 24, showcases a remarkable $2.677 billion in custodial assets, further solidifying Ethena’s position in the digital asset market. Among the key highlights of the custodian certificate is the revelation that the supply of USDe stands at 2.673 billion. This substantial supply underscores the growing demand for stablecoin assets and reflects investor confidence in Ethena’s ecosystem. Copper verified holdings amount to an impressive $1.318 billion, followed closely by Ceffu verified holdings at $1.338 billion. Additionally, Cobo verified holdings contribute $5.52 million to the overall custodial assets. The verification of these holdings reaffirms Ethena’s commitment to transparency and accountability in managing digital assets. 🔸 Ethena’s Financial Infrastructure Highlights One notable aspect of the custodian certificate is the disclosure of unrealized gains and losses by all custodians. This transparency provides investors with valuable insights into the performance and stability of Ethena’s custodial assets, fostering trust and confidence in the platform. Ethena’s minting/redemption contracts boast $15.4 million available to meet redemption needs, ensuring liquidity and flexibility for USDe holders. Additionally, the reserve fund stands at an impressive $42.3 million, further strengthening Ethena’s financial position and resilience. The release of the USDe asset custodian certificate for May underscores Ethena’s commitment to transparency, reliability, and investor protection. $ENA #ENA #Ethena

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