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The journey toward the 1% has quietly begun. #meta 💪
I’m making a strategic move, selling my $XRP spot position (currently at a loss) and rotating that capital into META. The plan is simple: once META reaches $1, I’ll rebuild my $XRP position from strength, not stress.
This isn’t about emotions.
It’s about positioning.
Opportunities like this don’t knock twice. Those still waiting on the sidelines may look back and realize the window was right here, right now.
Move smart. Stay patient. Let conviction do the heavy lifting. 🚀📈#dyor
I’m making a strategic move, selling my $XRP spot position (currently at a loss) and rotating that capital into META. The plan is simple: once META reaches $1, I’ll rebuild my $XRP position from strength, not stress.
This isn’t about emotions.
It’s about positioning.
Opportunities like this don’t knock twice. Those still waiting on the sidelines may look back and realize the window was right here, right now.
Move smart. Stay patient. Let conviction do the heavy lifting. 🚀📈#dyor
$HIGH continues to build strength around the 0.158 region after a solid intraday expansion, rebounding cleanly from the 0.142 base and pressing toward the 0.169 resistance area. The structure shows higher lows on lower timeframes, reflecting steady dip buying and renewed attention in the metaverse segment. Holding above the 0.150–0.154 support band keeps momentum intact and opens the path for a continuation move toward fresh short-term highs.
Targets
TP1: 0.169
TP2: 0.178
TP3: 0.190
#HI #Meta #Cry
Targets
TP1: 0.169
TP2: 0.178
TP3: 0.190
#HI #Meta #Cry
Major tech corporations like Alphabet (Google), Amazon, Meta, and Oracle are investing a record $660 billion in AI, far exceeding their internal cash flow and forcing them to issue debt or reduce dividend payments to finance this strategy. At the same time, investors may be showing caution as profits are pressured by rising capital costs.
#crypto #CoinMartketCap #meta
#crypto #CoinMartketCap #meta
🤨 DUROV vs. ZUCKERBERG — OLD RECEIPTS, NEW BILLIONS
The long-running rivalry resurfaced after Pavel Durov referenced old correspondence allegedly showing a young Mark Zuckerberg mocking early Facebook users for freely sharing personal data.
Durov’s argument:
Nothing has changed — except the scale.
From thousands of users then to billions today, many still trusting claims of privacy and encryption.
Telegram’s official account added fuel with a meme, amplifying the public jab.
🎭 The deeper irony:
The contrast isn’t ideology — it’s execution.
• One faces criticism for opaque data practices
• The other for platform monetization choices and ecosystem risks
Two visions. Two platforms. Same spotlight.
🍿 The tech world watches closely — because if this escalates, both sides have history.
#Tech #Privacy #Telegram #Meta #BigTech #DigitalEconomy
The long-running rivalry resurfaced after Pavel Durov referenced old correspondence allegedly showing a young Mark Zuckerberg mocking early Facebook users for freely sharing personal data.
Durov’s argument:
Nothing has changed — except the scale.
From thousands of users then to billions today, many still trusting claims of privacy and encryption.
Telegram’s official account added fuel with a meme, amplifying the public jab.
🎭 The deeper irony:
The contrast isn’t ideology — it’s execution.
• One faces criticism for opaque data practices
• The other for platform monetization choices and ecosystem risks
Two visions. Two platforms. Same spotlight.
🍿 The tech world watches closely — because if this escalates, both sides have history.
#Tech #Privacy #Telegram #Meta #BigTech #DigitalEconomy
$RIVER acredito que deve bater na casa dos 20 dólares como alvo até fim de semana ou subir até mais 🚀🚀🚀🚀🔥🔥🔥🔥
maioria das moedas só teve queda devido bitcoin!!!
sem conta o pessoal que não sabe segurar e esperar o retorno #20dolares #meta
vamo que vamo 📈💸
maioria das moedas só teve queda devido bitcoin!!!
sem conta o pessoal que não sabe segurar e esperar o retorno #20dolares #meta
vamo que vamo 📈💸
Google победила Meta в гонке финансовых технологий
Google сокрушила Meta в сфере финтеха, хотя обе компании стартовали с примерно равных позиций гигантов Web 2.0. И дело тут вовсе не в везении — разница кроется в принципиально разных подходах к завоеванию доверия пользователей и регуляторов.
Почему Google Play победила Facebook Pay
Google Pay может похвастаться 150 млн пользователей, в то время как Meta до сих пор не может убедить ни потребителей, ни бизнес, ни регуляторов в том, что способна стать надежным поставщиком финансовых услуг. Парадокс в том, что под контролем Meta находятся цифровые экосистемы в сотнях стран с миллиардами пользователей, но финтех так и остался для нее терра инкогнита.
Стратегия Google строится на трех китах: полезность, инфраструктура и доверие пользователей. В то время как компания Марка Цукерберга (Mark Zuckerberg) постоянно спотыкается о проблемы с репутацией и регуляторные барьеры. Google Wallet интегрирован глубоко в Android, Chrome и Gmail, превращая финансовые операции в естественную часть пользовательского опыта.
Благодаря операционной системе Android у Google есть нативный доступ к аппаратным возможностям телефона, включая NFC. Это позволяет предлагать бесшовные платежи там, где Meta просто не может конкурировать. Одновременно Google позиционирует себя как базовый технологический провайдер для финансовых институтов, предлагая облачные и AI-решения банкам.
Среди клиентов Google в банковской сфере — Wells Fargo (инструменты искусственного интеллекта AI), Deutsche Bank (миграция в облако), UniCredit (цифровая трансформация и AI), HSBC (анализ рисков) и KeyBank. Есть и крупные финтех-клиенты вроде Revolut и PayPal.
Дамоклов меч недоверия
Самое важное преимущество Google — более высокий уровень доверия пользователей по сравнению с Meta. Здесь играет роль структурное различие: поисковик в первую очередь используется для поиска информации, а не для генерации контента, и алгоритмы Google не поощряют провокационный контент так, как это делает Facebook.
Пользователи воспринимают Google как источник немедленной ценности через бесплатные качественные сервисы. Facebook же видят как платформу для развлечений и социального взаимодействия, за которую приходится расплачиваться личными данными. К тому же Google удалось избежать громких скандалов с утечками данных, а политика конфиденциальности выглядит прозрачнее, чем у Meta.
Провальная криптовалюта Diem — лучший пример того, как дефицит доверия тормозит финтех-амбиции Meta. Проект был обречен с самого начала, поскольку компания не смогла убедить ни одного ключевого игрока в легитимности затеи.
Финансовые регуляторы и политики опасались, что стейблкоин под контролем Meta может дестабилизировать глобальную финансовую систему. Их страхи имели под собой основания — учитывая сложности Facebook с защитой пользовательских данных и восприимчивость к распространению дезинформации. Эти проблемы уже создавали неприятности в социальных сетях, а в финансовом контексте могли бы натворить настоящих бед.
С другой стороны, у Diem никогда не было четкого ценностного предложения, которое позволило бы эффективно конкурировать с другими фиатными виртуальными валютами. Огромная экосистема Facebook и массивы пользовательских данных превратились в обузу, поскольку регуляторы переживали о воздействии на финансовую систему.
В январе 2022 года Ассоциация Diem продала интеллектуальную собственность и активы Silvergate Capital Corporation примерно за $200 млн. Silvergate Capital, планировавшая запустить собственный стейблкоин с использованием этих активов, в итоге подала на банкротство и списала инвестиции в 2023 году.
Индийские уроки
После провала Diem компания Meta свернула финтех-амбиции. Хотя WhatsApp Pay существует в Бразилии, основной фокус сосредоточен на Индии. Компания пытается использовать 800 млн пользователей, которые есть у нее на субконтиненте через Facebook, WhatsApp и Instagram.
WhatsApp Pay как электронный кошелек оказался не слишком успешным на сверх конкурентном индийском рынке. Его доля на огромном рынке розничных платежей Unified Payments Interface (UPI) остается менее 1%, несмотря на то что Резервный банк Индии снял ограничения на рост пользователей более года назад. После отмены лимитов WhatsApp Pay не предпринял ничего нового для дифференциации от конкурентов — даже значительной маркетинговой кампании или программы возврата денег.
Регуляторы сыграли значительную роль в разочаровывающих результатах WhatsApp Pay в Индии. Опасаясь, что огромная пользовательская база компании может получить несправедливое преимущество над местными конкурентами, они годами откладывали запуск электронного кошелька, а затем около четырех лет ограничивали его рост.
Google тем временем выросла в один из ведущих электронных кошельков в Индии наряду с поддерживаемой Walmart PhonePe, с постоянной долей рынка UPI более 35%. В декабре Google запустила Flex — работающую на UPI цифровую кобрендовую кредитную карту, построенную на сети RuPay. Цифровая карта выпускается через приложение Google Pay и может использоваться как онлайн, так и в физических магазинах.
Возможно, осознав, что рынок UPI — проигранное дело, Meta переключила фокус на платные сообщения в WhatsApp. Economic Times отметила в сентябре, что глобальная выручка Meta от Business Messaging и подписок Meta Verified подскочила на 50% до $583 млн во втором квартале 2025 года благодаря услугам платных сообщений WhatsApp и индийскому рынку в частности. Только 200 млн из 800 млн пользователей Meta в Индии совершают онлайн-покупки, а 5 млн из 63 млн малых предприятий работают онлайн — это открывает широкие возможности роста для услуг платных сообщений.
Поворот к искусственному интеллекту
Беспрецедентный AI-бум последних лет заставил Google, Facebook и другие технологические гиганты сосредоточиться на инвестициях в эти технологии больше, чем на цифровых финансовых услугах — хотя AI-инструменты все чаще становятся частью финтех-продуктов. Например, AI Google Cloud для борьбы с отмыванием денег (AML) оценивает риски в розничном и коммерческом банкинге. Эти модели выявляют больше подозрительной активности, чем люди, и сокращают ложные срабатывания. В сотрудничестве с партнерами вроде PayPal Google разрабатывает AI-платежные решения для шопинга.
Благодаря прочному финтех-фундаменту Google может постепенно развивать AI-технологии, которые улучшают существующие продукты, продаваемые финансовым институтам. Компания построила мощную AI-инфраструктуру, используя вертикально интегрированный подход полного цикла, контролируя все — от специально разработанного оборудования и сетей дата-центров до AI-моделей и программных фреймворков.
Meta же лишена такого фундамента и поэтому обращается к слияниям и поглощениям для укрепления позиций в AI-инфраструктуре. Компания потратила $70 млрд на AI-инфраструктуру в 2025 году — включая $14,3 млрд за 49% доли в Scale AI — и планирует крупные траты в этом году.
Компания Цукерберга по-прежнему размахивается по большому счету, но вместо стремления стать тяжеловесом международной финансовой системы теперь намеревается построить массивную собственную AI-экосистему для долгосрочного стратегического преимущества в вычислительных мощностях. Однако, в отличие от Google с огромным облачным бизнесом, Meta должна потреблять собственную инфраструктуру и не имеет четкого высокомаржинального продукта для генерации выручки.
В случае собственной AI-экосистемы Meta проявляются те же проблемы, которые погубили Diem: дефицит доверия и неясное ценностное предложение по сравнению с конкурентами.
Будь то цифровые платежи, AI-решения для финансовых институтов или массивная AI-инфраструктура — Google по-прежнему опережает Meta. И это не случайность, а закономерный результат принципиально разных стратегий завоевания пользователей и рынков.
Мнение AI
Анализ исторических паттернов показывает парадокс: финтех-успех Google может обернуться «проклятием победителя». Компания рискует повторить судьбу Microsoft конца 1990-х, когда доминирование в одной сфере привлекло пристальное внимание антимонопольных регуляторов. Интеграция Google Pay в Android создает мощную экосистему, но одновременно формирует потенциальную мишень для разбирательств по ограничению конкуренции.
Чем глубже Google интегрируется в финансовую инфраструктуру банков и платежных систем, тем более пристальное внимание привлекает со стороны антимонопольных ведомств. Европейский союз уже неоднократно штрафовал Google за злоупотребление доминирующим положением в других сферах. Возможно, сегодняшние преимущества в доверии и экосистемной интеграции завтра превратятся в регуляторные обременения, открыв дорогу новым игрокам?
#AI #Google #Meta #Write2Earn
$BTC
Почему Google Play победила Facebook Pay
Google Pay может похвастаться 150 млн пользователей, в то время как Meta до сих пор не может убедить ни потребителей, ни бизнес, ни регуляторов в том, что способна стать надежным поставщиком финансовых услуг. Парадокс в том, что под контролем Meta находятся цифровые экосистемы в сотнях стран с миллиардами пользователей, но финтех так и остался для нее терра инкогнита.
Стратегия Google строится на трех китах: полезность, инфраструктура и доверие пользователей. В то время как компания Марка Цукерберга (Mark Zuckerberg) постоянно спотыкается о проблемы с репутацией и регуляторные барьеры. Google Wallet интегрирован глубоко в Android, Chrome и Gmail, превращая финансовые операции в естественную часть пользовательского опыта.
Благодаря операционной системе Android у Google есть нативный доступ к аппаратным возможностям телефона, включая NFC. Это позволяет предлагать бесшовные платежи там, где Meta просто не может конкурировать. Одновременно Google позиционирует себя как базовый технологический провайдер для финансовых институтов, предлагая облачные и AI-решения банкам.
Среди клиентов Google в банковской сфере — Wells Fargo (инструменты искусственного интеллекта AI), Deutsche Bank (миграция в облако), UniCredit (цифровая трансформация и AI), HSBC (анализ рисков) и KeyBank. Есть и крупные финтех-клиенты вроде Revolut и PayPal.
Дамоклов меч недоверия
Самое важное преимущество Google — более высокий уровень доверия пользователей по сравнению с Meta. Здесь играет роль структурное различие: поисковик в первую очередь используется для поиска информации, а не для генерации контента, и алгоритмы Google не поощряют провокационный контент так, как это делает Facebook.
Пользователи воспринимают Google как источник немедленной ценности через бесплатные качественные сервисы. Facebook же видят как платформу для развлечений и социального взаимодействия, за которую приходится расплачиваться личными данными. К тому же Google удалось избежать громких скандалов с утечками данных, а политика конфиденциальности выглядит прозрачнее, чем у Meta.
Провальная криптовалюта Diem — лучший пример того, как дефицит доверия тормозит финтех-амбиции Meta. Проект был обречен с самого начала, поскольку компания не смогла убедить ни одного ключевого игрока в легитимности затеи.
Финансовые регуляторы и политики опасались, что стейблкоин под контролем Meta может дестабилизировать глобальную финансовую систему. Их страхи имели под собой основания — учитывая сложности Facebook с защитой пользовательских данных и восприимчивость к распространению дезинформации. Эти проблемы уже создавали неприятности в социальных сетях, а в финансовом контексте могли бы натворить настоящих бед.
С другой стороны, у Diem никогда не было четкого ценностного предложения, которое позволило бы эффективно конкурировать с другими фиатными виртуальными валютами. Огромная экосистема Facebook и массивы пользовательских данных превратились в обузу, поскольку регуляторы переживали о воздействии на финансовую систему.
В январе 2022 года Ассоциация Diem продала интеллектуальную собственность и активы Silvergate Capital Corporation примерно за $200 млн. Silvergate Capital, планировавшая запустить собственный стейблкоин с использованием этих активов, в итоге подала на банкротство и списала инвестиции в 2023 году.
Индийские уроки
После провала Diem компания Meta свернула финтех-амбиции. Хотя WhatsApp Pay существует в Бразилии, основной фокус сосредоточен на Индии. Компания пытается использовать 800 млн пользователей, которые есть у нее на субконтиненте через Facebook, WhatsApp и Instagram.
WhatsApp Pay как электронный кошелек оказался не слишком успешным на сверх конкурентном индийском рынке. Его доля на огромном рынке розничных платежей Unified Payments Interface (UPI) остается менее 1%, несмотря на то что Резервный банк Индии снял ограничения на рост пользователей более года назад. После отмены лимитов WhatsApp Pay не предпринял ничего нового для дифференциации от конкурентов — даже значительной маркетинговой кампании или программы возврата денег.
Регуляторы сыграли значительную роль в разочаровывающих результатах WhatsApp Pay в Индии. Опасаясь, что огромная пользовательская база компании может получить несправедливое преимущество над местными конкурентами, они годами откладывали запуск электронного кошелька, а затем около четырех лет ограничивали его рост.
Google тем временем выросла в один из ведущих электронных кошельков в Индии наряду с поддерживаемой Walmart PhonePe, с постоянной долей рынка UPI более 35%. В декабре Google запустила Flex — работающую на UPI цифровую кобрендовую кредитную карту, построенную на сети RuPay. Цифровая карта выпускается через приложение Google Pay и может использоваться как онлайн, так и в физических магазинах.
Возможно, осознав, что рынок UPI — проигранное дело, Meta переключила фокус на платные сообщения в WhatsApp. Economic Times отметила в сентябре, что глобальная выручка Meta от Business Messaging и подписок Meta Verified подскочила на 50% до $583 млн во втором квартале 2025 года благодаря услугам платных сообщений WhatsApp и индийскому рынку в частности. Только 200 млн из 800 млн пользователей Meta в Индии совершают онлайн-покупки, а 5 млн из 63 млн малых предприятий работают онлайн — это открывает широкие возможности роста для услуг платных сообщений.
Поворот к искусственному интеллекту
Беспрецедентный AI-бум последних лет заставил Google, Facebook и другие технологические гиганты сосредоточиться на инвестициях в эти технологии больше, чем на цифровых финансовых услугах — хотя AI-инструменты все чаще становятся частью финтех-продуктов. Например, AI Google Cloud для борьбы с отмыванием денег (AML) оценивает риски в розничном и коммерческом банкинге. Эти модели выявляют больше подозрительной активности, чем люди, и сокращают ложные срабатывания. В сотрудничестве с партнерами вроде PayPal Google разрабатывает AI-платежные решения для шопинга.
Благодаря прочному финтех-фундаменту Google может постепенно развивать AI-технологии, которые улучшают существующие продукты, продаваемые финансовым институтам. Компания построила мощную AI-инфраструктуру, используя вертикально интегрированный подход полного цикла, контролируя все — от специально разработанного оборудования и сетей дата-центров до AI-моделей и программных фреймворков.
Meta же лишена такого фундамента и поэтому обращается к слияниям и поглощениям для укрепления позиций в AI-инфраструктуре. Компания потратила $70 млрд на AI-инфраструктуру в 2025 году — включая $14,3 млрд за 49% доли в Scale AI — и планирует крупные траты в этом году.
Компания Цукерберга по-прежнему размахивается по большому счету, но вместо стремления стать тяжеловесом международной финансовой системы теперь намеревается построить массивную собственную AI-экосистему для долгосрочного стратегического преимущества в вычислительных мощностях. Однако, в отличие от Google с огромным облачным бизнесом, Meta должна потреблять собственную инфраструктуру и не имеет четкого высокомаржинального продукта для генерации выручки.
В случае собственной AI-экосистемы Meta проявляются те же проблемы, которые погубили Diem: дефицит доверия и неясное ценностное предложение по сравнению с конкурентами.
Будь то цифровые платежи, AI-решения для финансовых институтов или массивная AI-инфраструктура — Google по-прежнему опережает Meta. И это не случайность, а закономерный результат принципиально разных стратегий завоевания пользователей и рынков.
Мнение AI
Анализ исторических паттернов показывает парадокс: финтех-успех Google может обернуться «проклятием победителя». Компания рискует повторить судьбу Microsoft конца 1990-х, когда доминирование в одной сфере привлекло пристальное внимание антимонопольных регуляторов. Интеграция Google Pay в Android создает мощную экосистему, но одновременно формирует потенциальную мишень для разбирательств по ограничению конкуренции.
Чем глубже Google интегрируется в финансовую инфраструктуру банков и платежных систем, тем более пристальное внимание привлекает со стороны антимонопольных ведомств. Европейский союз уже неоднократно штрафовал Google за злоупотребление доминирующим положением в других сферах. Возможно, сегодняшние преимущества в доверии и экосистемной интеграции завтра превратятся в регуляторные обременения, открыв дорогу новым игрокам?
#AI #Google #Meta #Write2Earn
$BTC
Google vs. Meta: How the Search Giant Crushed the Social Media King in the Fintech War 🥊
On paper, Meta had it all: billions of users across WhatsApp and Instagram. Yet, while Google Pay celebrates 150 million active users, Zuckerberg’s fintech ambitions are struggling to gain traction.
Why the massive gap? Here are the facts:
🔹 The Trust Gap: Users go to Google for information, not for endless scrolling through provocative content. Regulators and consumers alike are more comfortable trusting their wallets to a search engine than to a social network often embroiled in data privacy scandals.
🔹 The Diem Disaster: After the collapse of its own crypto project (Diem), Meta effectively scaled back its global fintech expansion. Meanwhile, Google quietly integrated into the global banking infrastructure.
🔹 The AI Revolution: Google isn't just building a "wallet"; it’s embedding AI into financial security. Their Google Cloud AI for Anti-Money Laundering (AML) identifies suspicious activity more accurately than humans, working alongside giants like PayPal.
The Bottom Line: While Meta tried to build a "state within a state," Google chose to become the essential tech partner for traditional finance.
Do you think social media platforms can ever reclaim the fintech lead, or is the era of "social money" over before it truly began? 👇
#FinTech #Google #Meta #AI #Payments
On paper, Meta had it all: billions of users across WhatsApp and Instagram. Yet, while Google Pay celebrates 150 million active users, Zuckerberg’s fintech ambitions are struggling to gain traction.
Why the massive gap? Here are the facts:
🔹 The Trust Gap: Users go to Google for information, not for endless scrolling through provocative content. Regulators and consumers alike are more comfortable trusting their wallets to a search engine than to a social network often embroiled in data privacy scandals.
🔹 The Diem Disaster: After the collapse of its own crypto project (Diem), Meta effectively scaled back its global fintech expansion. Meanwhile, Google quietly integrated into the global banking infrastructure.
🔹 The AI Revolution: Google isn't just building a "wallet"; it’s embedding AI into financial security. Their Google Cloud AI for Anti-Money Laundering (AML) identifies suspicious activity more accurately than humans, working alongside giants like PayPal.
The Bottom Line: While Meta tried to build a "state within a state," Google chose to become the essential tech partner for traditional finance.
Do you think social media platforms can ever reclaim the fintech lead, or is the era of "social money" over before it truly began? 👇
#FinTech #Google #Meta #AI #Payments
$META quietly hit $200B of revenues this year btw,
#meta #CZAMAonBinanceSquare #BitcoinETFWatch #BitcoinETFWatch #USGovShutdown $BTC $ETH $BNB
#meta #CZAMAonBinanceSquare #BitcoinETFWatch #BitcoinETFWatch #USGovShutdown $BTC $ETH $BNB
#meta demands to reject the claim for theft of adult content for the purpose of #AI training.
Meta filed a petition to dismiss the lawsuit from Strike 3 Holdings, a manufacturer of adult content, which accused the company of downloading almost 2,400 films to train AI models.
Strike 3 claims that the downloads were made from corporate IP addresses and demanded $350 million in compensation.
Meta said that only 157 videos were downloaded from its addresses, and this was done by employees or contractors for personal purposes. The company stressed that it does not create and does not plan to develop AI models using "adult" content.#news #CryptoNewss #WriteToEarnUpgrade $BTC $ETH $CC
Meta filed a petition to dismiss the lawsuit from Strike 3 Holdings, a manufacturer of adult content, which accused the company of downloading almost 2,400 films to train AI models.
Strike 3 claims that the downloads were made from corporate IP addresses and demanded $350 million in compensation.
Meta said that only 157 videos were downloaded from its addresses, and this was done by employees or contractors for personal purposes. The company stressed that it does not create and does not plan to develop AI models using "adult" content.#news #CryptoNewss #WriteToEarnUpgrade $BTC $ETH $CC
Млрд
CCUSDT
Бесср
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PnL
+0,98USDT
U.S. markets opened in red as tech volatility returned to the spotlight. The Dow Jones slipped 0.5%, the S&P 500 dropped 0.5%, and the Nasdaq declined 0.7%, led by heavy selling in Meta Platforms (META.O) — plunging 11% at the open.
Meta’s sharp drop came after its Q3 profits fell significantly due to a one-time tax expense, alongside the company’s plan to raise at least $25 billion via bond issuance — a move investors are reading as both an expansion push and a short-term liquidity buffer.
Elsewhere in Big Tech, Alphabet (GOOGL.O) surged 5.3% after outperforming expectations in its Q3 earnings report, while Eli Lilly (LLY.N) climbed 3%, raising its full-year revenue forecast amid rising demand for its weight-loss drug line. Meanwhile, Nvidia (NVDA.O) slipped 0.8% and Microsoft (MSFT.O) fell 1.7%, showing mild cooling after weeks of AI-led momentum.
The mood across Wall Street feels cautious — investors are weighing mixed earnings signals against the broader macro tone shaped by the Fed’s recent rate decision. The rotation between mega-cap tech and defensive plays hints that market participants are bracing for volatility in November’s sessions.
#Meta #NASDAQ #USMarkets
Meta’s sharp drop came after its Q3 profits fell significantly due to a one-time tax expense, alongside the company’s plan to raise at least $25 billion via bond issuance — a move investors are reading as both an expansion push and a short-term liquidity buffer.
Elsewhere in Big Tech, Alphabet (GOOGL.O) surged 5.3% after outperforming expectations in its Q3 earnings report, while Eli Lilly (LLY.N) climbed 3%, raising its full-year revenue forecast amid rising demand for its weight-loss drug line. Meanwhile, Nvidia (NVDA.O) slipped 0.8% and Microsoft (MSFT.O) fell 1.7%, showing mild cooling after weeks of AI-led momentum.
The mood across Wall Street feels cautious — investors are weighing mixed earnings signals against the broader macro tone shaped by the Fed’s recent rate decision. The rotation between mega-cap tech and defensive plays hints that market participants are bracing for volatility in November’s sessions.
#Meta #NASDAQ #USMarkets
🤖 AI News (November 24, 2023):
1️⃣ OpenAI: OpenAI, the #ai company, has announced the return of Sam Altman as the CEO. Less than a week has passed since his departure. 🔄 Sam Altman's unexpected return may indicate strategic changes within the company.
2️⃣ SingularityNET: As part of a partnership agreement, DFINITY and SingularityNET will merge artificial intelligence with blockchain, smart contracts, and decentralized networks. SingularityNET will integrate the Internet Computer Protocol (ICP) into its AI tools marketplace. This initiative will enable developers to deploy language models within smart contracts on the blockchain. 🤝 The integration of AI and blockchain promises new perspectives for developers.
3️⃣ The Information: #meta Corporation has disbanded the team responsible for regulating and preventing potential threats in the development of artificial intelligence. Some employees from the dissolved unit have joined the company's generative AI department, while others have started working on infrastructure projects. 🌐
4️⃣ Anthropic: Team has introduced a new artificial intelligence model, Claude 2.1, with an increased contextual window of 200,000 tokens, equivalent to 500 pages of text. According to developers, users can provide the neural network with large documents, such as code snippets or financial reports. The AI takes a few minutes to process and execute the request. 🧠
5️⃣ Reuters: Shortly before Sam Altman's departure, #openai researchers warned the board of directors about a significant breakthrough in AI that "could pose a threat to humanity." Insiders referred to the employees' letter as one of many grievances that led to Altman's removal as CEO. Specifically, the leadership was concerned about the commercialization of technology before understanding its risks. ⚠️ The OpenAI community emphasizes the importance of ethical AI development.
🔗 Join the discussion.
1️⃣ OpenAI: OpenAI, the #ai company, has announced the return of Sam Altman as the CEO. Less than a week has passed since his departure. 🔄 Sam Altman's unexpected return may indicate strategic changes within the company.
2️⃣ SingularityNET: As part of a partnership agreement, DFINITY and SingularityNET will merge artificial intelligence with blockchain, smart contracts, and decentralized networks. SingularityNET will integrate the Internet Computer Protocol (ICP) into its AI tools marketplace. This initiative will enable developers to deploy language models within smart contracts on the blockchain. 🤝 The integration of AI and blockchain promises new perspectives for developers.
3️⃣ The Information: #meta Corporation has disbanded the team responsible for regulating and preventing potential threats in the development of artificial intelligence. Some employees from the dissolved unit have joined the company's generative AI department, while others have started working on infrastructure projects. 🌐
4️⃣ Anthropic: Team has introduced a new artificial intelligence model, Claude 2.1, with an increased contextual window of 200,000 tokens, equivalent to 500 pages of text. According to developers, users can provide the neural network with large documents, such as code snippets or financial reports. The AI takes a few minutes to process and execute the request. 🧠
5️⃣ Reuters: Shortly before Sam Altman's departure, #openai researchers warned the board of directors about a significant breakthrough in AI that "could pose a threat to humanity." Insiders referred to the employees' letter as one of many grievances that led to Altman's removal as CEO. Specifically, the leadership was concerned about the commercialization of technology before understanding its risks. ⚠️ The OpenAI community emphasizes the importance of ethical AI development.
🔗 Join the discussion.
*AI Revolution in Software Development*
Microsoft and Meta are at the forefront of integrating artificial intelligence (AI) into software development. Here are some key points about their AI-driven development strategies:
- *Microsoft's AI Code Generation:*
- Up to 30% of Microsoft's code is generated by AI, according to CEO Satya Nadella.
- The company expects this figure to rise, with CTO Kevin Scott predicting 95% of all code to be AI-generated by 2030.
- AI-generated code varies across languages, with more progress in Python and less in C++.
- *Meta's AI Code Development:*
- Meta is working on an AI model to develop future versions of its Llama AI family.
- Mark Zuckerberg anticipates AI could account for half of Meta's code development within the next year.
- Meta has selected Azure as a strategic cloud provider to accelerate AI research and development.
- *Industry Trend:*
- Other tech giants, like Google, are also leveraging AI in software development, with over 30% of Google's code reportedly generated by AI.
- The integration of AI in software development is expected to continue growing, transforming the way companies build and deploy software.
*The Future of Coding*
As AI-driven development advances, software engineers may need to adapt to new roles. Mark Zuckerberg believes AI will enable developers to focus on more strategic and creative tasks, rather than replacing them entirely. However, others predict that AI could potentially replace certain programming jobs, especially repetitive coding tasks.
#AIFuture #SoftwareDevelopment #Microsoft #Meta #CodingRevolution
Microsoft and Meta are at the forefront of integrating artificial intelligence (AI) into software development. Here are some key points about their AI-driven development strategies:
- *Microsoft's AI Code Generation:*
- Up to 30% of Microsoft's code is generated by AI, according to CEO Satya Nadella.
- The company expects this figure to rise, with CTO Kevin Scott predicting 95% of all code to be AI-generated by 2030.
- AI-generated code varies across languages, with more progress in Python and less in C++.
- *Meta's AI Code Development:*
- Meta is working on an AI model to develop future versions of its Llama AI family.
- Mark Zuckerberg anticipates AI could account for half of Meta's code development within the next year.
- Meta has selected Azure as a strategic cloud provider to accelerate AI research and development.
- *Industry Trend:*
- Other tech giants, like Google, are also leveraging AI in software development, with over 30% of Google's code reportedly generated by AI.
- The integration of AI in software development is expected to continue growing, transforming the way companies build and deploy software.
*The Future of Coding*
As AI-driven development advances, software engineers may need to adapt to new roles. Mark Zuckerberg believes AI will enable developers to focus on more strategic and creative tasks, rather than replacing them entirely. However, others predict that AI could potentially replace certain programming jobs, especially repetitive coding tasks.
#AIFuture #SoftwareDevelopment #Microsoft #Meta #CodingRevolution
Sự Thật Đằng Sau Video Giả Mạo Trump Công Bố Whitepaper Bitcoin
Một đoạn video giả mạo về việc Tổng thống Donald Trump giới thiệu Whitepaper Bitcoin trong Phòng Bầu Dục đang lan truyền mạnh mẽ trên mạng xã hội. Tuy nhiên, sự thật đằng sau câu chuyện này lại cho thấy một thực tế đáng chú ý: Trump thực sự đang đưa Mỹ tiến sâu hơn vào cuộc cách mạng crypto.
Sự Thật Về Video Lan Truyền
Đoạn clip cho thấy Trump kéo rèm che để lộ một bản in của tài liệu "Bitcoin: A Peer-to-Peer Electronic Cash System" (Whitepaper Bitcoin), thay vì Tuyên ngôn Độc lập của Mỹ. Trong video, ông quay sang người dẫn chương trình Fox News, Laura Ingraham, và nói:
"Bạn nghĩ Joe Biden sẽ làm điều này sao? Tôi không nghĩ vậy... Bạn có nghĩ ông ấy thậm chí biết nó là gì không?"
Tuy nhiên, #meta và các cộng đồng kiểm chứng trên X đã nhanh chóng gắn cờ cảnh báo đây là một video bị chỉnh sửa. Thực tế, đoạn phim gốc đến từ một chương trình trên Fox News, trong đó Trump trưng bày bản sao của Tuyên ngôn Độc lập mà ông đã đưa vào Phòng Bầu Dục.
Dù là giả, video này vẫn phản ánh một thực tế quan trọng: Trump đang thúc đẩy chính sách ủng hộ crypto mạnh mẽ hơn bao giờ hết.
Trump Và Cuộc Cách Mạng Crypto Thực Sự
Không dừng lại ở những NFT mang thương hiệu $TRUMP hay các dự án token do gia đình ông hậu thuẫn, chính quyền Trump nhiệm kỳ mới đã có những bước đi chiến lược với tiền điện tử:
Lập quỹ Bitcoin quốc gia: Chỉ trong vài tuần sau khi nhậm chức, Trump đã ký sắc lệnh hành pháp để tạo ra một kho dự trữ Bitcoin chiến lược cho nước Mỹ.
Hủy bỏ các vụ kiện crypto lớn: Ủy ban Chứng khoán Mỹ (SEC) đã rút lại các biện pháp thực thi pháp lý đối với Kraken, ConsenSys, Immutable và Crypto.com, đánh dấu một sự thay đổi lớn trong chính sách.
Quan hệ đối tác với Crypto.com: Công ty truyền thông Trump Media đã ký hợp tác với Crypto.com, củng cố thêm mối liên kết giữa #TRUMP và ngành công nghiệp crypto.
Sự Thay Đổi Chính Sách Crypto Của Mỹ
Chính quyền Trump không chỉ dừng lại ở các sắc lệnh, mà còn thúc đẩy những thay đổi mang tính hệ thống:
Bãi bỏ quy định thuế gây tranh cãi của thời Biden: Thượng viện Mỹ vừa bỏ phiếu 70-28 để hủy bỏ quy định yêu cầu các nền tảng DeFi thu thập và báo cáo dữ liệu thuế người dùng.
Thúc đẩy các đạo luật về stablecoin và thị trường tài sản số: Tại hội nghị Digital Chamber Blockchain Summit ở Washington, các lãnh đạo Hạ viện và Thượng viện đã cho thấy tiến triển rõ ràng trong việc thông qua dự luật FIT21 để quản lý crypto và thiết lập khung pháp lý cho stablecoin.
Kết Luận: Trump Có Đang Biến Mỹ Thành “Thủ Đô Crypto” Của Thế Giới?
Dù đoạn video về Trump công bố Whitepaper Bitcoin chỉ là một sản phẩm chỉnh sửa, nhưng thông điệp đằng sau nó không hề sai: Chính quyền Trump đang thực sự đưa Mỹ vào kỷ nguyên crypto.
Từ việc xây dựng kho dự trữ Bitcoin đến việc nới lỏng các quy định và thúc đẩy luật pháp thân thiện với crypto, Trump đang đặt nền móng để biến Mỹ thành trung tâm tài chính blockchain lớn nhất thế giới.
Liệu những chính sách này sẽ giúp Mỹ dẫn đầu cuộc cách mạng tiền điện tử, hay sẽ tạo ra những rủi ro pháp lý mới? Hãy cùng chờ xem!
#anhbacong
Sự Thật Về Video Lan Truyền
Đoạn clip cho thấy Trump kéo rèm che để lộ một bản in của tài liệu "Bitcoin: A Peer-to-Peer Electronic Cash System" (Whitepaper Bitcoin), thay vì Tuyên ngôn Độc lập của Mỹ. Trong video, ông quay sang người dẫn chương trình Fox News, Laura Ingraham, và nói:
"Bạn nghĩ Joe Biden sẽ làm điều này sao? Tôi không nghĩ vậy... Bạn có nghĩ ông ấy thậm chí biết nó là gì không?"
Tuy nhiên, #meta và các cộng đồng kiểm chứng trên X đã nhanh chóng gắn cờ cảnh báo đây là một video bị chỉnh sửa. Thực tế, đoạn phim gốc đến từ một chương trình trên Fox News, trong đó Trump trưng bày bản sao của Tuyên ngôn Độc lập mà ông đã đưa vào Phòng Bầu Dục.
Dù là giả, video này vẫn phản ánh một thực tế quan trọng: Trump đang thúc đẩy chính sách ủng hộ crypto mạnh mẽ hơn bao giờ hết.
Trump Và Cuộc Cách Mạng Crypto Thực Sự
Không dừng lại ở những NFT mang thương hiệu $TRUMP hay các dự án token do gia đình ông hậu thuẫn, chính quyền Trump nhiệm kỳ mới đã có những bước đi chiến lược với tiền điện tử:
Lập quỹ Bitcoin quốc gia: Chỉ trong vài tuần sau khi nhậm chức, Trump đã ký sắc lệnh hành pháp để tạo ra một kho dự trữ Bitcoin chiến lược cho nước Mỹ.
Hủy bỏ các vụ kiện crypto lớn: Ủy ban Chứng khoán Mỹ (SEC) đã rút lại các biện pháp thực thi pháp lý đối với Kraken, ConsenSys, Immutable và Crypto.com, đánh dấu một sự thay đổi lớn trong chính sách.
Quan hệ đối tác với Crypto.com: Công ty truyền thông Trump Media đã ký hợp tác với Crypto.com, củng cố thêm mối liên kết giữa #TRUMP và ngành công nghiệp crypto.
Sự Thay Đổi Chính Sách Crypto Của Mỹ
Chính quyền Trump không chỉ dừng lại ở các sắc lệnh, mà còn thúc đẩy những thay đổi mang tính hệ thống:
Bãi bỏ quy định thuế gây tranh cãi của thời Biden: Thượng viện Mỹ vừa bỏ phiếu 70-28 để hủy bỏ quy định yêu cầu các nền tảng DeFi thu thập và báo cáo dữ liệu thuế người dùng.
Thúc đẩy các đạo luật về stablecoin và thị trường tài sản số: Tại hội nghị Digital Chamber Blockchain Summit ở Washington, các lãnh đạo Hạ viện và Thượng viện đã cho thấy tiến triển rõ ràng trong việc thông qua dự luật FIT21 để quản lý crypto và thiết lập khung pháp lý cho stablecoin.
Kết Luận: Trump Có Đang Biến Mỹ Thành “Thủ Đô Crypto” Của Thế Giới?
Dù đoạn video về Trump công bố Whitepaper Bitcoin chỉ là một sản phẩm chỉnh sửa, nhưng thông điệp đằng sau nó không hề sai: Chính quyền Trump đang thực sự đưa Mỹ vào kỷ nguyên crypto.
Từ việc xây dựng kho dự trữ Bitcoin đến việc nới lỏng các quy định và thúc đẩy luật pháp thân thiện với crypto, Trump đang đặt nền móng để biến Mỹ thành trung tâm tài chính blockchain lớn nhất thế giới.
Liệu những chính sách này sẽ giúp Mỹ dẫn đầu cuộc cách mạng tiền điện tử, hay sẽ tạo ra những rủi ro pháp lý mới? Hãy cùng chờ xem!
#anhbacong
"Exploring Metaverse Real Estate: The Future of Digital Land Ownership"
"Metaverse Real Estate: Digital land ownership through NFTs, offering opportunities for creativity, investment, and immersive experiences in virtual worlds."
What Is Metaverse Real Estate?
TL;DR
Metaverse real estate refers to NFTs that provide ownership of digital land on metaverse platforms. Owners can develop these lands for activities like advertising, socializing, marketing, and entertainment. The value of these plots is influenced by factors such as location, platform popularity, market trends, and utility.
Introduction
Metaverse real estate and the broader concept of the metaverse are closely linked. However, media coverage often oversimplifies these concepts. Understanding metaverse real estate is crucial for anyone considering investing in digital land. Unlike artistic NFTs, metaverse real estate has clear, tangible use cases that make it easier to grasp.
How Does Real Estate Exist in the Metaverse?
Though virtual, metaverse real estate mimics physical real estate in its ownership rights, represented by NFTs. These NFTs act like property deeds, offering unique, secure ownership that can be bought, sold, or traded.
Land value depends on factors like foot traffic, platform popularity, and additional utilities like staking. Some platforms, like The Sandbox and Decentraland, allow extensive customization, enabling users to host events and create experiences tailored to their needs.
The Appeal of Metaverse Real Estate
1. Digital Ownership: NFTs provide secure proof of ownership in the digital realm.
2. Collectibility: Like other NFTs, virtual land appeals to collectors and enthusiasts.
3. Investment Potential: Many view metaverse real estate as a speculative asset with potential for high returns.
Major corporations like JPMorgan have entered the metaverse to create immersive experiences, showcase collectibles, and capitalize on speculative gains.
What Can You Do With Metaverse Real Estate?
Metaverse landowners can create and host:
Virtual events (concerts, trade shows, exhibitions).
Brand activations (product launches, marketing campaigns).
Interactive experiences (gaming, education, or socializing hubs).
Notable examples include:
HSBC: Purchased land in The Sandbox to develop brand experiences.
Samsung: Built a virtual hub in Decentraland.
South China Morning Post: Digitized the Hong Kong Star Ferry Pier in The Sandbox.
The Growth of Metaverse Real Estate
Metaverse real estate has seen explosive growth. Data highlights a tenfold increase in average land prices on major platforms from January 2021 to February 2022. Investments in the metaverse exceeded $120 billion in 2022, doubling the $57 billion in 2021.
However, sustained growth depends on real-world utility and market stability. Despite this, early adopters have already seen significant profits, such as a plot near Snoop Dogg’s virtual estate selling for nearly $500,000.
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Factors Affecting NFT Virtual Land Prices
1. Utility: Customization, in-game benefits, and specific functionalities increase value.
2. Platform: Reputation and user base of the metaverse platform heavily influence pricing.
3. Speculation: Market sentiment and future expectations play a crucial role in determining prices.
Closing Thoughts
Metaverse real estate combines speculative investment, technological innovation, and practical utility. Its success depends on the long-term adoption of metaverse platforms and their ability to offer meaningful experiences. As the metaverse evolves, understanding digital property could become essential for users and investors interested in shaping its future.
Explore this emerging space today and stay ahead in the ever-evolving digital economy.
#meta #nft #BinanceAlphaAlert #DEXVolumeRecord
What Is Metaverse Real Estate?
TL;DR
Metaverse real estate refers to NFTs that provide ownership of digital land on metaverse platforms. Owners can develop these lands for activities like advertising, socializing, marketing, and entertainment. The value of these plots is influenced by factors such as location, platform popularity, market trends, and utility.
Introduction
Metaverse real estate and the broader concept of the metaverse are closely linked. However, media coverage often oversimplifies these concepts. Understanding metaverse real estate is crucial for anyone considering investing in digital land. Unlike artistic NFTs, metaverse real estate has clear, tangible use cases that make it easier to grasp.
How Does Real Estate Exist in the Metaverse?
Though virtual, metaverse real estate mimics physical real estate in its ownership rights, represented by NFTs. These NFTs act like property deeds, offering unique, secure ownership that can be bought, sold, or traded.
Land value depends on factors like foot traffic, platform popularity, and additional utilities like staking. Some platforms, like The Sandbox and Decentraland, allow extensive customization, enabling users to host events and create experiences tailored to their needs.
The Appeal of Metaverse Real Estate
1. Digital Ownership: NFTs provide secure proof of ownership in the digital realm.
2. Collectibility: Like other NFTs, virtual land appeals to collectors and enthusiasts.
3. Investment Potential: Many view metaverse real estate as a speculative asset with potential for high returns.
Major corporations like JPMorgan have entered the metaverse to create immersive experiences, showcase collectibles, and capitalize on speculative gains.
What Can You Do With Metaverse Real Estate?
Metaverse landowners can create and host:
Virtual events (concerts, trade shows, exhibitions).
Brand activations (product launches, marketing campaigns).
Interactive experiences (gaming, education, or socializing hubs).
Notable examples include:
HSBC: Purchased land in The Sandbox to develop brand experiences.
Samsung: Built a virtual hub in Decentraland.
South China Morning Post: Digitized the Hong Kong Star Ferry Pier in The Sandbox.
The Growth of Metaverse Real Estate
Metaverse real estate has seen explosive growth. Data highlights a tenfold increase in average land prices on major platforms from January 2021 to February 2022. Investments in the metaverse exceeded $120 billion in 2022, doubling the $57 billion in 2021.
However, sustained growth depends on real-world utility and market stability. Despite this, early adopters have already seen significant profits, such as a plot near Snoop Dogg’s virtual estate selling for nearly $500,000.
---
Factors Affecting NFT Virtual Land Prices
1. Utility: Customization, in-game benefits, and specific functionalities increase value.
2. Platform: Reputation and user base of the metaverse platform heavily influence pricing.
3. Speculation: Market sentiment and future expectations play a crucial role in determining prices.
Closing Thoughts
Metaverse real estate combines speculative investment, technological innovation, and practical utility. Its success depends on the long-term adoption of metaverse platforms and their ability to offer meaningful experiences. As the metaverse evolves, understanding digital property could become essential for users and investors interested in shaping its future.
Explore this emerging space today and stay ahead in the ever-evolving digital economy.
#meta #nft #BinanceAlphaAlert #DEXVolumeRecord
Senators Warren and Blumenthal Go to War Against Meta’s New Stablecoin Scheme, Calling it a ‘Threat’
#meta
Senators Elizabeth Warren and Richard Blumenthal demand Mark Zuckerberg provide comprehensive stablecoin disclosure within five-day June 17 deadline amid secret crypto talks with Circle and Tether while warning of monopolistic threats to US economy.
Democratic Senators Elizabeth Warren and Richard Blumenthal launched a direct challenge against Meta’s CEO Mark Zuckerberg, sending a formal letter on Wednesday demanding comprehensive disclosure about the tech company’s revived interest in stablecoin payment systems.
The timing of this congressional inquiry proves particularly significant, as the Senate prepares to vote on upcoming stablecoin regulation legislation.
The lawmakers argue that, given Meta’s enormous market influence, it has become imperative for both Congress and the American public to gain complete transparency regarding the company’s cryptocurrency ambitions.
Why Warren Calls Meta’s Stablecoin a ‘Monopolistic Threat’ to the US Economy
In their June 12 correspondence, the senators articulated their concerns about the broader implications of technology giants entering the digital currency space.
“Big Tech companies’ issuing or controlling their own private currencies, like a stablecoin, would threaten competition across the economy, erode financial privacy, and cede control of the U.S. money supply to monopolistic platforms that have a history of abusing their power,” the senators wrote.
Zuckerberg has been given a five-day deadline until June 17 to provide detailed responses to eight specific inquiries about Meta’s stablecoin strategy.
These questions encompass which external companies Meta has engaged for consultation and whether the corporation is actively considering developing its own stablecoin.
The senators are also seeking information about Meta’s lobbying activities regarding cryptocurrency legislation and the company’s stance on potential amendments that would prevent “Big Tech” firms from controlling stablecoin issuers.
Warren and Blumenthal referenced Meta’s previous ventures into digital currency through the Libra and Diem projects, which debuted in 2019.
These initiatives ultimately failed due to overwhelming regulatory pressure and opposition from both political parties, leading to the sale of all related assets by 2022.
Will the GENIUS Act Hand Stablecoin Control to Big Tech? Senate Vote Sparks Fury
The letter also highlights concerns about potential regulatory exceptions that could benefit Meta.
The senators worry about President Donald Trump potentially granting the company a waiver under the GENIUS Act, which could allow Meta to circumvent regulations other stablecoin issuers must follow.
The lawmakers warned about privacy implications if Meta were to control its stablecoin infrastructure.
“If Meta controlled its own stablecoin, the company could further pry into consumers’ transactions and commercial activity,” the senators wrote.
“The massive amounts of consumer data it would ingest could help Meta fuel surveillance pricing schemes on its platform, more intrusive targeted advertising, or otherwise help the company monetize sensitive private information through sales to third party data brokers.”
This congressional investigation stems from a May 8 report revealing that Meta has been discussing incorporating stablecoins into its platform ecosystem with various cryptocurrency companies, including Instagram, Facebook, and WhatsApp.
At the time of initial reporting, it remained uncertain whether Meta intended to partner with established stablecoin providers like Tether or Circle or planned to develop its own proprietary solution.
Meta Says ‘No Stablecoin’ — But Senators Found Evidence of Secret Crypto Talks
Meta communications director Andy Stone responded to the May reports by confirming that the Diem project had been permanently discontinued, stating that Diem is “dead” and that there was “no Meta stablecoin.”
However, subsequent reporting by Fortune suggested that Meta was actively negotiating with multiple cryptocurrency firms regarding stablecoin payment integration.
Drawing from available information, Meta’s primary interest lies in the practical advantages of stablecoins over traditional fiat currencies, particularly regarding cost-effective international transfers and cross-border payments.
Circle’s Senior Director of Business Development Matt Cavin, who previously held an executive position at Web3 gaming company Immutable until March, is reportedly spearheading the discussions.
Additionally, Ginger Baker, whom Meta recruited as Vice President of Product in January, is said to be contributing to the stablecoin initiative.
Baker brings significant cryptocurrency expertise, having served on the board of the Stellar Development Foundation and previously working as a senior director of products at Ripple.
$BTC $ETH $XRP
Follow 🔥 Stay tuned for more updates 🚀😍🚀
Senators Elizabeth Warren and Richard Blumenthal demand Mark Zuckerberg provide comprehensive stablecoin disclosure within five-day June 17 deadline amid secret crypto talks with Circle and Tether while warning of monopolistic threats to US economy.
Democratic Senators Elizabeth Warren and Richard Blumenthal launched a direct challenge against Meta’s CEO Mark Zuckerberg, sending a formal letter on Wednesday demanding comprehensive disclosure about the tech company’s revived interest in stablecoin payment systems.
The timing of this congressional inquiry proves particularly significant, as the Senate prepares to vote on upcoming stablecoin regulation legislation.
The lawmakers argue that, given Meta’s enormous market influence, it has become imperative for both Congress and the American public to gain complete transparency regarding the company’s cryptocurrency ambitions.
Why Warren Calls Meta’s Stablecoin a ‘Monopolistic Threat’ to the US Economy
In their June 12 correspondence, the senators articulated their concerns about the broader implications of technology giants entering the digital currency space.
“Big Tech companies’ issuing or controlling their own private currencies, like a stablecoin, would threaten competition across the economy, erode financial privacy, and cede control of the U.S. money supply to monopolistic platforms that have a history of abusing their power,” the senators wrote.
Zuckerberg has been given a five-day deadline until June 17 to provide detailed responses to eight specific inquiries about Meta’s stablecoin strategy.
These questions encompass which external companies Meta has engaged for consultation and whether the corporation is actively considering developing its own stablecoin.
The senators are also seeking information about Meta’s lobbying activities regarding cryptocurrency legislation and the company’s stance on potential amendments that would prevent “Big Tech” firms from controlling stablecoin issuers.
Warren and Blumenthal referenced Meta’s previous ventures into digital currency through the Libra and Diem projects, which debuted in 2019.
These initiatives ultimately failed due to overwhelming regulatory pressure and opposition from both political parties, leading to the sale of all related assets by 2022.
Will the GENIUS Act Hand Stablecoin Control to Big Tech? Senate Vote Sparks Fury
The letter also highlights concerns about potential regulatory exceptions that could benefit Meta.
The senators worry about President Donald Trump potentially granting the company a waiver under the GENIUS Act, which could allow Meta to circumvent regulations other stablecoin issuers must follow.
The lawmakers warned about privacy implications if Meta were to control its stablecoin infrastructure.
“If Meta controlled its own stablecoin, the company could further pry into consumers’ transactions and commercial activity,” the senators wrote.
“The massive amounts of consumer data it would ingest could help Meta fuel surveillance pricing schemes on its platform, more intrusive targeted advertising, or otherwise help the company monetize sensitive private information through sales to third party data brokers.”
This congressional investigation stems from a May 8 report revealing that Meta has been discussing incorporating stablecoins into its platform ecosystem with various cryptocurrency companies, including Instagram, Facebook, and WhatsApp.
At the time of initial reporting, it remained uncertain whether Meta intended to partner with established stablecoin providers like Tether or Circle or planned to develop its own proprietary solution.
Meta Says ‘No Stablecoin’ — But Senators Found Evidence of Secret Crypto Talks
Meta communications director Andy Stone responded to the May reports by confirming that the Diem project had been permanently discontinued, stating that Diem is “dead” and that there was “no Meta stablecoin.”
However, subsequent reporting by Fortune suggested that Meta was actively negotiating with multiple cryptocurrency firms regarding stablecoin payment integration.
Drawing from available information, Meta’s primary interest lies in the practical advantages of stablecoins over traditional fiat currencies, particularly regarding cost-effective international transfers and cross-border payments.
Circle’s Senior Director of Business Development Matt Cavin, who previously held an executive position at Web3 gaming company Immutable until March, is reportedly spearheading the discussions.
Additionally, Ginger Baker, whom Meta recruited as Vice President of Product in January, is said to be contributing to the stablecoin initiative.
Baker brings significant cryptocurrency expertise, having served on the board of the Stellar Development Foundation and previously working as a senior director of products at Ripple.
$BTC $ETH $XRP
Follow 🔥 Stay tuned for more updates 🚀😍🚀
Big News in Crypto!
Meta is launching stablecoins on Ethereum THIS YEAR.
Imagine onboarding over 3.5 BILLION users into the crypto space! 🌍
This could be a massive boost for $ETH and the entire ecosystem.
Get ready, the future is unfolding fast! 🔥
#Ethereum✅ #meta #crypto #blockchain #bullish $DOGE $ADA $TRX
Meta is launching stablecoins on Ethereum THIS YEAR.
Imagine onboarding over 3.5 BILLION users into the crypto space! 🌍
This could be a massive boost for $ETH and the entire ecosystem.
Get ready, the future is unfolding fast! 🔥
#Ethereum✅ #meta #crypto #blockchain #bullish $DOGE $ADA $TRX
🔥🔥🔥 Только что — 3 КИТА взяли и выкупили $META на 233 ТЫСЯЧИ долларов за сутки! 💰
Пока все ноют про «медвежий тренд» и «просадки», эти ребята просто грузят $META так, будто завтра объявят листинг на Binance и раздадут эйрдроп на миллиард.
Ты всё ещё ждёшь «идеального входа»? А они уже в плюсе на четверть миллиона. 😎
А вот ещё перл — $USELESS («Бесполезный»). Пока ты хихикаешь над названием, 15 китов за 24 часа подняли на нём +127К ПРОФИТА.
Пятнадцать, Карл! Пока одни смеются, другие смеются последними — уже из салона новой Лаборатории.
Рынок иногда посылает логике такой сигнал, что диву даёшься. И сейчас этот сигнал — $USELESS S.
P.S. Если сомневаешься — просто посмотри на транзакции. Волосы дыбом! 💥
#META #USELESS #MarketPullback #Binance #Crypto $USELESS
Пока все ноют про «медвежий тренд» и «просадки», эти ребята просто грузят $META так, будто завтра объявят листинг на Binance и раздадут эйрдроп на миллиард.
Ты всё ещё ждёшь «идеального входа»? А они уже в плюсе на четверть миллиона. 😎
А вот ещё перл — $USELESS («Бесполезный»). Пока ты хихикаешь над названием, 15 китов за 24 часа подняли на нём +127К ПРОФИТА.
Пятнадцать, Карл! Пока одни смеются, другие смеются последними — уже из салона новой Лаборатории.
Рынок иногда посылает логике такой сигнал, что диву даёшься. И сейчас этот сигнал — $USELESS S.
P.S. Если сомневаешься — просто посмотри на транзакции. Волосы дыбом! 💥
#META #USELESS #MarketPullback #Binance #Crypto $USELESS
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