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JPMorgan Doubts SEC Will Approve Solana or Other Crypto ETFs


Global investment bank JPMorgan has expressed doubt that the U.S. Securities and Exchange Commission (SEC) will approve solana ETFs or any other spot crypto ETFs beyond bitcoin and ether. The decision by the SEC to approve ether ETFs “is already stretched given the ambiguity about whether...

Elon Musk’s xAI Secures $6 Billion To Compete With ChatGPT


On May 26, Elon Musk's AI business, xAI, completed a successful $6 billion Series B fundraising round. Saudi billionaire Prince Alwaleed Bin Talal, Sequoia Capital, Andreessen Horowitz, and Vy Capital were among the participants in the most recent Series B investment. The post Elon Musk’s...

Bitcoin Breaks $70K Barrier, Leading to $27.75M in Liquidations


The price of bitcoin has exceeded $70,000, increasing by 2.1% during today’s trading sessions. This latest rise led to the liquidation of $27.75 million in bitcoin short positions. Bitcoin Trades Above $70K, Leading to Multi-Million Dollar Liquidations Bitcoin (BTC) is up 2.1% today and...

Bernstein Predicts Crypto Arms Race Among Asset Managers


Global investment management and research firm Bernstein states that cryptocurrency is evolving into a substantial business opportunity for asset managers. With the recent decrease in the popularity of ESG (Environmental, Social, and Governance) funds, Bernstein notes that attention is expected...

EUBOF Advises EU On Blockchain And AI Integration


In a report published on May 24, the European Blockchain Observatory and Forum (EUBOF), a project of the European Commission, urged the EU to get ready for the fusion of blockchain technology with artificial intelligence (AI). The post EUBOF Advises EU On Blockchain And AI Integration appeared...

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