Market Analysis
Singapore’s Central Bank Partners With Google to Explore AI for Internal Use
The MAS's collaboration with Google comes in the wake of the latest AI boom triggered by ChatGPT's success.
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Crypto
Crypto Startup Magic Raises $52M in Round Led by PayPal Ventures
Wallet-as-a-service providers such as Magic aim to simplify the onboarding process to drive Web3 adoption.
Market Analysis
Ten Companies Account for 35% of the S&P 500 Market Cap
Most of the S&P 500 quarterly gains came from the biggest ten firms in it.
Market Analysis
Nansen Downsizes With a 30% Staff Cut
This Tuesday, the CEO of Nansen announced his company is seeking to downsize with a 30% workforce cut.
Market Analysis
Binance Laying Groundwork to Allow Some Traders Keep Collateral in Banks
Binance is reportedly negotiating with several European banks to keep institutional investors’ margin trading collateral in their custody.
Market Analysis
CoinEX Launches BitHK For Hong Kong Crypto Traders
Only a week after Hong Kong unveiled its new crypto framework, CoinEX announced it had launched a new trading platform for users in the city.
Market Analysis
AI Firms Scramble for Power as Chip Demand Outpaces Supply
AI companies are seeking additional computing power amid a new chip shortage.
Crypto
Cardano Has a Meme Coin Now, And it’s Up 425% Over Two Weeks
Rising interest in a new meme coin has lured many users to the budding Cardano ecosystem.
Market Analysis
Huobi To Open Hong Kong Cryptocurrency Trading Service
Huobi revealed it is “actively preparing” to seek a license for its new Hong Kong cryptocurrency trading platform.
Market Analysis
Nvidia’s One-Day Gain Nearly Equals Ethereum’s Market Cap
Blockchain technology may have created a $1.1 trillion market in a decade, but the AI boom is pushing a single company to surpass it.
Market Analysis
DCG To Shut Down Institutional Trading Platform TradeBlock on May 31st
The Digital Currency Group is planning to completely shut down TradeBlock on May 31st.
Market Analysis
How the AI Boom Could Be Nvidia’s “iPhone Moment”
Nvidia has projected $11 billion in sales for the current quarter, far above Wall Street estimates of around $7.2 billion.
Market Analysis
NVIDIA Surges 26%+ After Decisively Beating Q1 Forecasts
After NVIDIA decisively beat expectations with its Q1 report, its shares rapidly rose to a new all-time high.