Warning of a difficult time ahead for the crypto market, global investment bank JPMorgan has downgraded Coinbase stock. Emphasizing that crypto prices are already under pressure, JPMorgan warned of “greater potential for cryptocurrency ETF enthusiasm to further deflate,” driving with it lower crypto prices and trading volume.
JPMorgan’s Crypto Market Outlook, Coinbase’s Downgrade
Global…
Report: Ethereum and Solana Showcase Unique Market Dynamics in Recent Altcoin Trends
January 24, 2024
In the dynamic world of crypto markets, recent trends have illuminated intriguing divergences in the altcoin market, particularly between ethereum and solana, relative to bitcoin. A comprehensive report published by Glassnode, an onchain analytics firm, delves into this…
Is OpenAI’s ‘moonshot’ to integrate democracy into AI tech more than PR? | The AI Beat
January 23, 2024
Last week, an OpenAI PR rep reached out by email to let me know the company had formed a new “Collective Alignment” team that would focus on “prototyping processes” that allow OpenAI to “incorporate public input to guide AI model behavior.” The goal? Nothing less…
Propella has long been known for its eye-catching blue and black commuter e-bikes that prioritize a simple and lightweight design over flashy features and bulky accessories. They’ve also always been pedal assist-only bikes, at least until now. The company has just launched the Propella MINI MAX as a throttle-enabled electric utility bike.
It might not look like most of the utility bikes we’re…
Panasonic cools on idea for third US plant for Tesla batteries
January 23, 2024
Panasonic, makers of batteries for Tesla in the US, is delaying its plan to build a third battery plant in North America, according to Reuters.
Panasonic Group CEO Yuki Kusumi told Reuters that the company is holding off on building a third plant as “demand for electric…
Hands-on: Ford debuts new in-car digital platform with dual-screen Apple Maps via CarPlay - 9to5Mac
January 23, 2024
Ford today has officially announced its new next-generation in-car infotainment system. While Ford is doubling down on its own native experience, it’s also expanding its commitment to CarPlay.
I had a chance to visit Ford’s headquarters in Dearborn, Michigan last week…
Blackrock and Fidelity ETFs Lead the Charge in Bitcoin Accumulation, Holding Over $2.6 Billion in Combined BTC Assets
January 23, 2024
Recent data reveals that Blackrock, the globe’s leading asset manager boasting over nine trillion in assets under management (AUM), now possesses 33,430.56 bitcoin, valued at approximately $1.34 billion. Similarly, the financial powerhouse Fidelity has increased its bitcoin holdings, with the Fidelity Wise Origin spot bitcoin exchange-traded fund (ETF) now owning 30,169.54 bitcoin, equivalent to…
Bitcoin Plummets Below $40K for First Time in 48 Days, Triggering Market-Wide Crypto Slide
January 23, 2024
On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.
Bears Take the Reigns—Bitcoin…
Coinbase CLO Warns Pokémon Might Be Key in Rejecting SEC's Expanded Security Definition
January 23, 2024
Paul Grewal, CLO of Coinbase, believes collectibles, like Pokémon cards, might be essential in rejecting the expanded definition of what the U.S. Securities and Exchange Commission (SEC) claims to be a security. To Grewal, these cards are also part of an ecosystem fueling…
Within just two years of its inception, ElevenLabs, the AI voice startup founded by former Google and Palantir employees, has hit the unicorn status. The company today announced it has raised $80 million in a series B round of funding, growing its valuation ten-fold to $1.1 billion.
The investment has been co-led by existing investors Andreessen Horowitz (a16z), former GitHub CEO Nat Friedman and…
