📣 Ahmad Shadid Resigns as CEO of DePIN Protocol io.net, Tory Green Appointed as New CEO
Ahmad Shadid, the founder and CEO of DePIN Protocol io.net, has announced his resignation. Tory Green will take over as the new CEO, leading the company into its next phase of growth and innovation.
Important Developments to Pay Attention to Next Week (10- 16 June 2024):
• Monday, June 10:
◦ Apple WWDC24 conference starts (20:00)
• Tuesday, June 11:
◦ XRP Ledger Apex event is starting. ◦ Biconomy (BICO) is making an announcement. ◦ Floki (FLOKI) makes an announcement (at 22:00)
• Wednesday, June 12:
◦ US Consumer Price Index (CPI) is announced (15:30) - Expectation: 3.4% ◦ US Federal Reserve (FED) interest rate decision is announced (21:00) - Expectation: It will remain constant ◦ FED press conference (21:30)
• Thursday, June 13:
◦ Launch of the Artificial Superintelligence Alliance (ASI). ◦ AO Tokenomics publication. ◦ zkSync Airdrop distribution. ◦ Tesla Shareholder Meeting. ◦ US Producer Price Index is announced (15:30) - Expectation: 0.1% ◦ US Treasury Secretary Janet Yellen gives a speech (19:00)
• Friday, June 14: ◦ Euro 2024 starts. ◦ Cyber (CYBER) staking begins.
🚨 Arbitrum DAO Approves $215 Million Gaming Ecosystem Fund
Arbitrum DAO has approved a $215 million fund to boost the gaming ecosystem. This significant investment aims to support game developers and foster innovation within the blockchain gaming space.
🚨 Binance Announces Active User Base Exceeds 200 Million
Binance has announced that its active user base has surpassed 200 million. This milestone highlights the platform's growing popularity and adoption within the global cryptocurrency community.
🚨 FED to Announce Interest Rate Decision on Wednesday, June 12 at 9:00 PM
The Federal Reserve (FED) is set to announce its interest rate decision on Wednesday, June 12 at 9:00 PM. The market expects the rates to remain unchanged at 5.50%.
🚨 Elon Musk Announces Plans for World's Largest Supercomputer and Tesla's Upcoming Robotaxi
Elon Musk's xAI has announced plans to build the world's largest supercomputer, dubbed the "Gigafactory of Compute," in Memphis. This project represents the largest capital investment by a new company in Memphis's history and aims to significantly enhance AI capabilitie
In addition, Musk has revealed that Tesla will unveil its robotaxi this August. This new autonomous vehicle is expected to revolutionize the transportation industry by providing a fully self-driving experienc
💬 Ripple CEO Brad Garlinghouse stated at Consensus 2024 that Dogecoin (DOGE) does not offer practical contributions to the industry and has grown purely through speculation. Garlinghouse emphasized that cryptocurrencies should focus on solving real-world problems.
🚨 CoinGecko Reports Data Breach Affecting 1.9 Million Users
According to a recent statement, CoinGecko has reported a data breach that compromised the personal information of 1.9 million users. This incident has raised significant concerns about data security within the cryptocurrency community. CoinGecko is currently investigating the breach and taking measures to secure their platform.
💫According to Dappradar data, the total value (TVL) locked in decentralized finance (DeFi) applications reached $192 billion for the first time since February 2022.
•But despite the increase in TVL, the number of unique active wallets using DeFi decreased by 21%.