XRP’s price breaks out of a “pennant” with a profit target of around $3.20 amid increasing futures open interest. Key takeaways: XRP breaks out of a “pennant” on the weekly chart, hinting at 40% gains to $3.20. Several positive developments and increasing open futures open interest signal XRP’s ability to break out of consolidation. Read more
AI models generate immense value from user data. It’s time to demand onchain attribution and pay the people whose data makes AI possible with Payable AI, to ensure fair recognition and payment for everyone. Opinion by: Ram Kumar, core contributor at OpenLedger The public has knowingly contributed to the rise of artificial intelligence, often without realizing it. As AI models are projected to generate trillions of dollars in value, it’s time to start treating data like labor and building onchain attribution systems to pay the ones making it possible. X posts by users helped train ChatGPT, and their blog posts and forum replies shaped models that are now monetized by some of the most powerful companies in the world. Read more
Users are turning to ChatGPT to guide them through acid trips. Plus Microsoft stacks the deck in dodgy medical superintelligence test. AI Eye A new use case for ChatGPT just dropped it can listen to wild-eyed trippers explain their theories about why the universe is just one singular consciousness experiencing itself subjectively, so that you dont have to. Over the past few years, theres been growing interest in using psychedelics in therapy. Clinical studies suggest psychedelics like mushrooms, LSD, ketamine and DMT can help some people with issues such as depression, addiction and PTSD. Assigning ChatGPT to the therapist role is a budget alternative; a professional can set you back $1,500 to $3,000 per session. Users can enlist bots, such as TripSitAI and The Shaman, that have been explicitly designed to guide users through a psychedelic experience. MIT Technology Review spoke to a Canadian master’s student called Peter, who took a heroic dose of mushrooms and reported the AI helped him with deep breathing ...
Quantum computing could enable the reverse engineering of private keys from publicly exposed ones, putting the security of Bitcoin holders at risk. Quantum technology can process an enormous amount of data and solve complex problems in seconds rather than decades. Remarkably, quantum technology first appeared in the early 1900s. It originated from quantum mechanics, a branch of physics that examines how matter and energy behave at extremely small scales, such as atoms and subatomic particles. Read more
JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens. China’s e-commerce heavyweight JD.com and Ant Group, the fintech arm of Alibaba, are lobbying the People’s Bank of China (PBOC) to greenlight Chinese yuan-based stablecoins to counter the global rise of US dollar-pegged tokens. The two firms urged regulators to allow stablecoins backed by offshore yuan (Chinese yuan that circulates outside mainland China) to launch in Hong Kong, arguing it would strengthen the yuan’s role in global trade while limiting the dollar’s influence, Reuters reported Thursday, citing sources familiar with the matter. Per the report, during recent private meetings with the PBOC, JD.com executives argued that yuan stablecoins are urgently needed to promote the currency’s international use. Read more
Bitcoin reverses its push beyond $110,000 as markets discount the odds of the Federal Reserve lowering interest rates before September. Key points: Bitcoin quickly reversed gains as US nonfarm payrolls data beat expectations and unemployment fell more than thought. Analysis says that the Federal Reserve is now unlikely to lower interest rates at its July meeting. Read more