Has downward move of Bitcoin (BTC) ended yet?
U.Today 2025-06-13 18:35
Oil price talk leads macro analysis amid Middle East tensions, but whether Bitcoin will suffer as a result is up for debate as traders see a BTC price comeback.
CoinTelegraph 2025-06-13 18:32
SharpLink Gaming has emerged as the largest public company holder of Ethereum after acquiring $462 million worth of the cryptocurrency, marking a significant move in the crypto treasury landscape. The
CoinOtag 2025-06-13 18:32
Walmart and Amazon are reportedly considering issuing their own US dollar-pegged stablecoins, an indication of wider institutional stablecoin adoption amid shifting regulatory winds in the United States. Walmart, Amazon Turn To Stablecoins To Speed Up Settlements According to a Friday report from the Wall Street Journal, citing sources with knowledge of the effort, Amazon and Walmart are looking into the development of brand-specific stablecoins. While neither of the tech giants has officially confirmed the stablecoin plans, a token pegged to the U.S. dollar or other government-backed currencies could significantly reduce merchant fees. Merchants currently pay 1–3% for each credit card transaction to networks like Visa and Mastercard. For big companies processing billions of transactions, these fees add up to massive annual costs. The potential launch of stablecoins could help financial technology firms and payment gateways save billions of dollars in fees linked to card payments, including interchange fees — subsequently disrupting the dominance of traditional financial institutions. Another key benefit is that the stablecoin transactions can speed up payment settlements. Traditional card payments typically take 1-3 business days, while stablecoin transactions can settle nearly instantly. The report noted that both Walmart and Amazon are still in early stages, mulling private coins or third-party stablecoin partnerships. Potential Launch To Depend On GENIUS ACT Walmart and Amazon join an increasing number of big tech firms exploring stablecoin issuance in the U.S. Any launch will likely depend on the progress of an important legislation, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. If signed into law by President Trump, the GENIUS Act would establish a regulatory framework for legally issuing stablecoins in the US, which may set the stage for big companies to adopt or roll out stablecoins as an alternative to current payment rails.
ZyCrypto 2025-06-13 18:31
BitcoinWorld Scale AI Investment: Meta Makes Bold Move with $14.3B Stake, CEO Alexandr Wang Joins AI Team In the fast-paced world of artificial intelligence, strategic partnerships and investments are reshaping the landscape. A recent development that has captured significant attention is the confirmation of a major Meta Investment in the data-labeling powerhouse, Scale AI . Understanding the Scale AI Investment Details Scale AI , a leader in providing high-quality data for training large language models, has officially confirmed receiving a substantial investment from Meta. This investment values the startup at an impressive $29 billion. Reports circulating prior to the confirmation suggested that Meta invested approximately $14.3 billion, securing a 49% stake in the company. Meta itself confirmed the finalization of this strategic partnership, emphasizing a deeper collaboration in producing data crucial for their AI models. The funds from the Meta Investment are earmarked for a dual purpose: providing liquidity to existing investors and shareholders, and fueling the continued growth and expansion of Scale AI ‘s operations. Despite the significant stake acquired by Meta, Scale AI has stressed that it will maintain its status as an independent entity, continuing its work with various clients across the AI industry. Alexandr Wang’s Strategic Move to Meta Perhaps one of the most significant aspects of this announcement is the news regarding Alexandr Wang , the co-founder and CEO of Scale AI . Wang is stepping down from his leadership role at Scale AI to join Meta directly. His new position at Meta will focus on contributing to the company’s ambitious superintelligence efforts. While transitioning to Meta, Alexandr Wang will remain involved with Scale AI by serving as a director on its board, ensuring continuity and strategic guidance. Filling the interim CEO position at Scale AI will be Jason Droege, the company’s current chief strategy officer. This leadership change marks a new chapter for both companies, directly linking the expertise of Alexandr Wang with Meta’s internal AI Development teams. The Crucial Role of AI Data Labeling The core business of Scale AI revolves around AI Data Labeling and annotation. This process is fundamental to training the large language models that power much of today’s Generative AI technology. Leading AI labs, including OpenAI, have historically relied on companies like Scale AI to prepare the massive datasets required for developing advanced AI models. In recent times, the demand for high-quality data has led data annotation firms like Scale AI to hire highly skilled professionals, including PhD scientists and senior software engineers. These experts are crucial for generating the sophisticated, high-quality data needed by frontier AI labs pushing the boundaries of Generative AI and broader AI Development . Why This Matters for Meta’s AI Ambitions Meta’s substantial Meta Investment in Scale AI is widely seen as a strategic move to accelerate its own AI Development efforts. As competitors like Google, OpenAI, and Anthropic continue to innovate rapidly, Meta has been perceived by some as trailing in certain areas of AI model releases and talent retention. Reports indicate that Meta lost a percentage of its top AI talent to other labs last year, highlighting the competitive landscape. By deepening its partnership and securing a significant stake in Scale AI , Meta gains direct access to a critical resource for training advanced AI models. This ensures a reliable supply of high-quality data, which is a bottleneck for many companies in the AI race. Bringing Alexandr Wang onto their team further strengthens Meta’s internal AI expertise, potentially providing a significant boost to their superintelligence initiatives and overall AI Development strategy. Scale AI’s Future and Independence Despite the large Meta Investment and the departure of its founding CEO to Meta, Scale AI maintains that it will continue to operate independently. This independence is vital for its business model, which serves a wide range of clients across the AI ecosystem, many of whom are direct competitors to Meta. The investment is intended to strengthen Scale AI ‘s position in the market, allowing it to invest further in technology and talent. This move underscores the increasing value placed on the infrastructure layer of the AI industry, particularly the companies providing the foundational data services necessary for model training and Generative AI advancements. The previous funding round, where Scale AI raised $1 billion at a $13.8 billion valuation from investors including Amazon and Meta, demonstrates the consistent high interest and perceived value in the company’s core capabilities. In conclusion, the significant Meta Investment in Scale AI and the concurrent move of Alexandr Wang to Meta represent a major shift in the AI landscape. It highlights the strategic importance of AI Data Labeling and infrastructure for driving Generative AI and overall AI Development . This partnership is set to benefit both companies, providing Scale AI with resources for growth and Meta with enhanced capabilities and talent for its ambitious AI future. To learn more about the latest AI market trends, explore our article on key developments shaping AI models’ features. This post Scale AI Investment: Meta Makes Bold Move with $14.3B Stake, CEO Alexandr Wang Joins AI Team first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin World 2025-06-13 18:30
Fresh geopolitical tensions between Israel and Iran sparked sharp declines in crypto and global equities, sending oil prices higher and triggering $1 billion in crypto liquidations as markets brace for further instability. Oil Soars, Bitcoin Slips as Global Markets React to Middle East Conflict Global markets reeled overnight after Israel’s preemptive airstrike on Iran’s nuclear
Bitcoin.com 2025-06-13 18:30
Few things are more cypherpunk than keeping keys in your brain wallet
Blockworks 2025-06-13 18:30
CEX liquidations reached $1.16B in 24 hours, driven by Israel’s military strike on Iran. Binance and Bybit together accounted for over 71% of total liquidations in the crypto market. Bitcoin led liquidations with $448M, followed by Ethereum and other cryptocurrencies. Analytical platform CryptoDiffer reported that $1.16 billion worth of liquidations occurred on centralized exchanges (CEXs) over the past 24 hours. Geopolitical tensions, particularly Israel’s military strike on Iran, are widely seen as the main driver behind this sharp surge. The attack caused a stir in the world markets, leading to a sharp drop in Bitcoin’s value and widespread liquidations across major cryptocurrency exchanges. Binance and Bybit Drive 71% of Crypto Liquidations Binance made the largest contribution to the liquidations. Liquidations on the exchange totaled $458 million and constituted 39.48% of the total. Bybit followed close behind, having $376 million, or 32.41% of the total. Together, they accounted for over 71% of all liquidations, demonstrating their massive influence on the cryptocurrency market. Source: X Other exchanges also saw substantial liquidations. … The post CEX Liquidations Surged to $1.16B in 24 Hours: Are Crypto Markets in Danger? appeared first on Coin Edition .
Coin Edition 2025-06-13 18:30
COINOTAG highlighted a recent technical analysis from crypto strategist @ali_charts, emphasizing that Bitcoin (BTC) must maintain a price level above $100,000 to preserve its current breakout momentum within the established
CoinOtag 2025-06-13 18:29
The company’s announcement follows confusion over a recent SEC filing and shares tumbling around 70% in after-hours trading on Thursday.
Decrypt 2025-06-13 18:29
SharpLink Gaming, Inc. has made a landmark move by acquiring $463 million worth of Ethereum, positioning itself as the largest corporate holder of ETH after the Ethereum Foundation. This strategic
CoinOtag 2025-06-13 18:26
Though concerns about the Trump family’s connections to World Liberty Financial’s stablecoin shadowed debate on the GENIUS Act, the bill is closer to passing the Senate.
CoinTelegraph 2025-06-13 18:24
