Tech guru and venture capitalist Kai-Fu Lee sticks to his 2017 prediction that artificial intelligence (AI) will replace at least half of the global human workforce by 2027. Lee, who has held executive roles at Apple, Microsoft, and Google, believes that AI will become a backbone technology, surpassing the importance of electricity and the internet combined. He sees repetitive jobs like truck driving, telemarketing, and assembly-line work as most vulnerable. Lee is currently the founder and chairman of Sinovation Ventures and 01.AI, both focused on developing global tech products and services.

Uniswap Foundation has revealed it holds $41.41 million in fiat and stablecoins, and 730,000 UNI tokens as of Q1's end. The Foundation has committed $4.34 million in new grants and disbursed $2.79 million in previously committed grants. On-chain voting for a proposal to establish a new fee mechanism will take place by May 31. Despite the SEC's Wells notification against the DeFi protocol, Uniswap Labs insists the SEC lacks jurisdiction to regulate its decentralized protocol. The new proposal will share protocol fees among UNI tokenholders, incentivizing active engagement within the Uniswap ecosystem.

Bitcoin (BTC) is holding steady near key price levels, with weekend trading focusing on the $69,000 mark. Data from Cointelegraph Markets Pro and TradingView shows strong performance by BTC/USD, which briefly passed $69,500 before consolidating. Liquidity is building up around the spot price, leading to lower volatility but increasing the odds of a liquidity raid. Trading resource Material Indicators co-founder Keith Alan stresses the importance of flipping $69,000 to support, while trader and analyst Rekt Capital points to resistance above $71,000. Despite exiting the post-halving "danger zone", Bitcoin may still consolidate for several more weeks.

Aptos, a layer-1 blockchain platform, has set a new record for daily transactions, surpassing Solana with 115.4 million transactions in a day. The surge, attributed to the launch of the Tapos Cat game, also saw the platform's transactions per second reach an all-time high of 32,000. Despite the high volume, Aptos maintained consistent gas fees and success rates, thanks to its Aggregator feature. Critics question the game's long-term viability, but supporters see it as a demonstration of Aptos' robustness and scalability. Aptos Labs continues to focus on enabling access to decentralized assets, with plans to launch a Web3 wallet service.

Former US President Donald Trump has expressed his support for the cryptocurrency industry, stating that the US should aim for leadership in the sector. In a post on Truth Social, Trump declared his open-mindedness towards cryptocurrency companies and related industries. This comes ahead of the 2024 presidential race, where he is set to compete against current President Joe Biden. Trump's campaign recently announced it would accept cryptocurrency donations, raising expectations in the crypto industry. Trump also reportedly met with crypto enthusiasts who purchased his "Mugshot" NFTs.

The rivalry between encrypted messaging apps Signal and Telegram has heated up, with Telegram founder Pavel Durov criticizing Signal's privacy mechanisms. Durov has a history of targeting Signal, predicting in 2017 that a backdoor would be found in their protocol within five years. Signal has been under scrutiny recently due to comments made by Signal Foundation chair Katherine Maher. Durov seized the opportunity to direct criticism towards Signal. Despite Durov's claims, Telegram does not offer end-to-end encryption by default and lacks end-to-end encrypted group chats. The feud between the two apps is expected to continue.

The U.S. Securities and Exchange Commission (SEC) has approved spot Ether exchange-traded funds (ETFs), a move seen as an implicit recognition that Ether is not a security. Meanwhile, the Financial Innovation and Technology for the 21st Century Act (FIT21), which proposes giving the Commodity Futures Trading Commission primary control over cryptocurrencies, has passed the U.S. House of Representatives. In other news, former FTX CEO Sam Bankman-Fried has been transferred to a prison in Oklahoma, and Ripple has published a warning from Professor Massimiliano Sala that public-key cryptosystems should be replaced due to the threat posed by quantum computers. Finally, former President Donald Trump has announced his 2024 campaign will accept cryptocurrency donations.

Elon Musk's xAI is partnering with Oracle to build a supercomputer for its next-gen "Grok" AI language model, dubbed the "Gigafactory of Compute". The project aims to increase its GPU count from 10,000 to 100,000, turning it into a unified supercomputer architecture. Musk recently raised the funding goal to $6 billion due to high investor interest. Speaking at the VivaTech 2024 conference, Musk predicted xAI would catch up to AI leaders OpenAI and DeepMind Google by 2024, and that AI could surpass human abilities by 2025.

Google's new AI feature, "AI Overview", has been giving out incorrect and potentially harmful responses to user queries. The tech giant has had to disable certain queries after reports of the system suggesting users use glue to keep cheese on pizza, and falsely claiming that dogs owned hotels. Google is currently removing queries that trigger inaccurate results, but the problem persists. The company has suggested that the issues may be due to "uncommon queries" from users. Meanwhile, Elon Musk, founder of rival AI company xAI, predicts AI will surpass human capabilities by 2025.

The Bitcoin white paper is back on Bitcoin.org, following a failed court bid by Craig Wright to establish himself as Satoshi Nakamoto, Bitcoin's anonymous creator. Previously, due to legal issues, Bitcoin.org had to limit access to the white paper for UK users. In 2021, Wright won a copyright infringement case against the site's anonymous operators, leading to the removal of the white paper. However, Wright's claim to be Nakamoto has since been debunked, invalidating his copyright claim. The white paper is now under an MIT open-source license, allowing anyone to use and modify the code freely.

Nvidia's 10-year outperformance of Bitcoin is unlikely to repeat in the next decade, say crypto experts. Over the last decade, Nvidia, a tech company that produces chips for AI models, has returned 21,558%, outpacing Bitcoin's 13,048% return. However, Swan Bitcoin CEO Cory Klippsten and investment strategist Lyn Alden believe Bitcoin will outperform Nvidia in the next 10 years. Since the approval of spot Bitcoin ETFs in January, Bitcoin has slightly outperformed Nvidia, returning 31.7% compared to Nvidia's 30.2%. Despite this, some warn of a significant Bitcoin correction in the future.

AI crypto trading bots are gaining traction among investors, offering automated trading capabilities and the potential for 24/7 market monitoring. These bots use AI, machine learning, or algorithms to execute trades based on predefined parameters. Training an AI bot is a risk management technique that helps traders minimize losses and maximize profits. The process involves choosing a secure bot, connecting it to a cryptocurrency exchange, setting up and customizing trading strategies, backtesting strategies, and continuously monitoring markets and performance. While AI bots can save time and prevent emotional decision-making, they are not infallible and require careful setup and monitoring.

Crypto mining giant Marathon Digital has teamed up with Kenya's Ministry of Energy and Petroleum (MOEP) to boost the country's renewable energy sector. The partnership will focus on sharing technical knowledge, policy ideas, investment strategies, and developing crucial energy infrastructure. More than 80% of Kenya's electricity comes from renewable sources, including wind, solar, hydroelectric, and geothermal energy. The move marks a surprising shift for Kenya's government, which has previously been cautious about blockchain and cryptocurrency projects.

Hong Kong regulators are considering allowing crypto ETF issuers to stake their custodied Ether, potentially earning a yield of up to 3.6% per annum. Meanwhile, Worldcoin, a crypto project by OpenAI CEO Sam Altman, has been sanctioned in Hong Kong for alleged privacy violations. In other news, Binance co-founder Yi He and Bitget CEO Gracy Chen, both former Chinese TV hosts, now run the world's largest crypto exchanges. Hong Kong gaming firm Boyaa Interactive has seen its profits soar twelvefold after investing $100 million in crypto. Lastly, Inkeverse Group Limited, a Hong Kong entertainment streaming group, plans to invest up to $100 million in cryptocurrencies.

Delaware's Supreme Court has overturned a previous ruling, reviving BitGo's $100M lawsuit against Galaxy Digital over a botched acquisition. The state's supreme court found the language in the $1.2B merger agreement, which Galaxy terminated in August 2022, to be "ambiguous". BitGo had accused Galaxy of an "intentional breach" of the agreement, claiming Galaxy had no right to drop the deal after BitGo failed to provide audited financial statements from 2021. The case will now return to the Chancery Court for further consideration.

Chainlink (LINK) has seen a 7% price increase on May 24, despite a downturn in the wider cryptocurrency market. Currently priced at $17.04, LINK has seen a 30% increase in May. On-chain metrics reveal a positive sentiment for LINK price, with the ratio of profitable transactions to loss-making ones standing at 11 to 1. Activity on the Chainlink network has been increasing since mid-May, indicating a higher demand and value for LINK. Data shows that the LINK price bounced off a support line at $13 on May 15, rising 36% to a six-week high at $17.50 on May 24. Traders expect more upside for LINK price, with some predicting it will surpass the $50 mark during this bull run.

Crypto custody is booming, with Taurus and Fireblocks joining the fray. Ripple predicts the market could hit $10 trillion by 2030. Meanwhile, Coinbase has welcomed Kendrick Meek to its digital asset regulatory council, aiming to revamp US digital asset regulations. Kraken denies plans to delist stablecoins in Europe, and Grayscale's CEO steps down, to be replaced by ex-Goldman Sachs exec Peter Mintzberg. Prometheum launches an Ether custody service treating ETH as a security. Binance.US wins its appeal to reinstate its Florida license, saving 170,000 account holders from potential financial losses. Stay tuned for more crypto updates!

Solana is set to launch a full version of the Firedancer upgrade in 2025, with preliminary versions rolling out beforehand. The upgrade aims to enhance Solana's reliability and scalability amid growing network activity from decentralized infrastructure protocols. DePIN, or decentralized physical infrastructure networks, are seeing a surge in use cases within the Solana ecosystem, from decentralized energy solutions to data collection. However, network congestion and outages remain challenges for developers. The recent outage on Feb. 9 caused nearly five hours of downtime for the Solana network.

The Ethereum Foundation is set to implement a conflict of interest policy following controversy over its ties with EigenLayer developers. Two Ethereum researchers, Justin Drake and Dankrad Feist, recently became paid advisers at EigenFoundation, with Drake revealing he would receive incentives worth millions of dollars. Both researchers insisted their roles at EigenFoundation were personal and would not influence their work at Ethereum. The move sparked mixed reactions, with some praising their transparency and others expressing skepticism. The Ethereum Foundation's executive director, Aya Miyaguchi, announced the new policy, promising more details soon.

Ether (ETH) has surged over 20% since May 20, following the launch of exchange-traded funds (ETFs) in the US, outperforming Bitcoin (BTC). Experts suggest that Ether's dominance could lead BTC to retest prior price support levels. They advise considering market-neutral strategies, such as the "covered strangle" which bets against extreme volatility. The safest option for BTC holders may be longing BTC futures on established platforms like the Chicago Mercantile Exchange (CME). However, Bitcoin spot ETFs are recommended for most holders, with BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) offering a balance between security and cost.