XRP, Cardano, Ethereum Show Bullish Patterns, Could Be Undervalued
Elon Musk, known for his groundbreaking work in the tech industry, recently made a bold prediction regarding the future of artificial intelligence (AI). Musk claimed that AI would surpass human intelligence within a year and called for ethical considerations to be at the forefront of this development.
In a separate development, tech giant Apple found itself embroiled in a lawsuit alleging that CEO Tim Cook misled the public about the progress of Siri’s AI technology. This legal battle sheds light on the complexities and challenges of integrating AI into everyday technologies.
Musk’s own AI company faced scrutiny from the European Union after acquiring the X platform for a staggering $80 billion. This move raised concerns about the concentration of power in the hands of tech behemoths and the implications for innovation and competition in the AI sector.
Meanwhile, financial services firm Morgan Stanley extended its deadline as xAI sweetened the terms of a $5 billion debt deal. This demonstrates the growing interest and investment in AI technologies and their applications across various industries.
Switching gears to the cryptocurrency market, the price of SUI (SUI) showed potential for a massive rally if it broke above $2.85. Similarly, Pi Network (PI) launched a KYC Sync feature ahead of its Pi2Day event, signaling a new phase of growth for the digital currency.
Dogecoin (DOGE) also saw a positive outlook as a breakout of a bullish triangle pattern suggested a 60% rally in the near future. However, Tether’s CEO announced a new password manager following a data breach of 16 billion records, highlighting the importance of cybersecurity in the crypto space.
In the world of blockchain and digital assets, Parataxis Holdings made headlines by acquiring Bridge Bio to establish South Korea’s first Bitcoin treasury firm. This move signifies the growing institutional interest in cryptocurrencies and their underlying technology.
Bitcoin prices remained steady as Binance OI plunged, leading to speculation about an impending breakout. The approval of spot Bitcoin ETFs seemed imminent, raising questions about South Korea’s readiness to embrace this new financial instrument.
In a surprising turn of events, the Arizona Senate hinted at a Bitcoin bill comeback with a final vote looming, underscoring the evolving regulatory landscape for cryptocurrencies.
On the decentralized finance (DEX) front, OKX and Consensys made a significant shift by launching a new MetaMask tool, indicating the continued innovation in the DEX space. Additionally, the Ford Motor Company’s stock stability was attributed to its foray into blockchain advisory for legal data management on the Cardano platform.
Bybit also made waves with the announcement of the Byreal DEX launch on Solana, with the testnet debuting at the end of June. This move showcases the growing interest in decentralized exchanges and alternative blockchain platforms.
Lastly, the Ethereum Foundation made a charitable contribution of $500,000 to support the legal defense of Tornado Cash founder, highlighting the importance of community support and collaboration in the blockchain ecosystem.
