Apple is reportedly working on its own microchips across multiple product 
categories, including smart glasses and artificial intelligence &#8212; a hint at 
what&#8217;s next for the massive Silicon Valley-based tech giant.
A May 8 report from Bloomberg, citing people familiar with the matter, said 
the company is working on new processors to power its future devices, 
including its first smart glasses to rival Meta&#8217;s Ray-Bans, more powerful 
Macs, and artificial intelligence servers.
The smart glasses &#8212; a first for Apple &#8212; would rely on a specialized chip 
codenamed N401. The processor is based on Apple Watch chips but is further 
optimized for power efficiency and designed to control multiple cameras 
planned for the glasses, the sources said.
Apple&#8217;s smart glasses will initially be non-augmented reality versions that 
will include cameras, microphones and integrated AI, much like rival offerings 
from Meta. They would presumably have similar functions like snapping photos, 
recording video and offering translation options, the report added.
The product may also integrate a visual intelligence feature for scanning the 
environment and describing objects, looking up information about products and 
providing directions.
Mass production targeted for late 2026 or 2027, suggesting a product launch 
within approximately two years, they added. 
_Apple is targeting rival Meta &#8216;s smart Ray-Bans. Source: __Ray-Ban_
The Bloomberg sources added that other semiconductors were also developing 
chips to power future Macs and AI servers that can power the firm&#8217;s &#8220;Apple 
Intelligence&#8221; platform.
_**Related:**__**Apple softens crypto-related app rules, &#8216;hugely bullish&#8217; for 
crypto industry**_
Meanwhile, MacRumors reported that chips codenamed &#8220;Komodo&#8221; will likely be M6 
chips that will follow this year&#8217;s M5 chips, while chips codenamed &#8220;Borneo&#8221; 
will be Apple&#8217;s future M7 processors with another more advanced chip that will 
debut in the future codenamed &#8220;Sotra.&#8221;
## Dedicated Apple AI chips
Apple is also working on its first dedicated AI server chips in a project 
codenamed &#8220;Baltra&#8221; to power its Apple Intelligence platform, according to 
Bloomberg.
The firm&#8217;s Baltra chips could have up to eight times the processing and 
graphics cores of the current M3 Ultra chips, the report added. Apple has 
targeted completion by 2027 to make its AI services faster and more 
competitive.
In late April, it was reported that Chinese tech giant Huawei has developed a 
powerful AI chip that could rival high-end processors from US chip maker 
Nvidia.
_**Magazine:**__**Bitcoin to $1M &#8216;by 2029,&#8217; CIA tips its hat to Bitcoin: 
Hodler&#8217;s Digest**_

Apple makes progress toward its first pair of smart glasses: Report

BNB price is consolidating above the $605 support zone. The price is now 
showing positive signs and might aim for more gains in the near term. BNB 
price is attempting to recover from the $600 support zone. The price is now 
trading above $612 and the 100-hourly simple moving average. There is a key 
bullish trend line forming with support near $622 on the hourly chart of the 
BNB/USD pair (data source from Binance). The pair must stay above the $612 
level to start another increase in the near term. BNB Price Eyes More Gains 
After forming a base above the $600 level, BNB price started a fresh increase. 
There was a move above the $605 and $612 resistance levels, like Ethereum and 
Bitcoin. The bulls even pushed the price above the $625 level. A high was 
formed at $629 and the price is now consolidating gains above the 23.6% Fib 
retracement level of the recent wave from the $597 swing low to the $629 high. 
The price is now trading above $622 and the 100-hourly simple moving average. 
There is also a key bullish trend line forming with support near $622 on the 
hourly chart of the BNB/USD pair. On the upside, the price could face 
resistance near the $628 level. The next resistance sits near the $630 level. 
A clear move above the $630 zone could send the price higher. In the stated 
case, BNB price could test $642. A close above the $642 resistance might set 
the pace for a larger move toward the $650 resistance. Any more gains might 
call for a test of the $655 level in the near term. Another Decline? If BNB 
fails to clear the $630 resistance, it could start another decline. Initial 
support on the downside is near the $622 level. The next major support is near 
the $620 level. The main support sits at $612 and the 50% Fib retracement 
level of the recent wave from the $597 swing low to the $629 high. If there is 
a downside break below the $612 support, the price could drop toward the $605 
support. Any more losses could initiate a larger decline toward the $600 
level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace 
in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for 
BNB/USD is currently above the 50 level. Major Support Levels – $622 and $612. 
Major Resistance Levels – $630 and $642.

BNB Price Targets $650 Amid Renewed Market Optimism

The U.S. Securities and Exchange Commission has filed a motion seeking court 
approval for a settlement with Ripple Labs, even as one SEC commissioner 
opposes the move over investor protection concerns. According to the May 8 
court SEC filing, both…

SEC files to settle Ripple lawsuit amid internal opposition. Will XRP vs. SEC case resurface?

On-chain data suggests Bitcoin may encounter low resistance at $100,000 and 
beyond, at least from the perspective of investor cost basis distribution. A 
Low Amount Of Bitcoin Supply Has Cost Basis At Levels Ahead In a new post on 
X, institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has 
discussed about how the various Bitcoin price ranges look in terms of investor 
cost basis as BTC approaches $100,000. Related Reading: Only XRP Still In 
Profit Among Euphoric Buyers—BTC and SOL Deep In Losses Below is a chart that 
shows the related data for the price ranges near the latest spot value: In the 
graph, the size of the dot corresponds to the amount of the Bitcoin supply 
that investors last purchased inside the associated price range. It would 
appear that all the large dots are under the spot price following the latest 
rally, meaning that the levels that saw the most demand are now in the green. 
It&#8217;s also visible that the ranges ahead (that is, those harboring the cost 
basis of underwater holders) have only small dots associated with them. In 
total, less than 3% of the cryptocurrency&#8217;s supply has its cost basis at these 
levels that lie above the spot price. To any investor, their cost basis is an 
important level, so they may be more likely to show some kind of move when a 
retest of it happens. Generally, holders who were in the loss prior to this 
retest might incline toward reacting to it by selling their coins. This is 
because these investors may fear going back into loss again. Similarly, the 
profit investors could decide to buy more during a retest of their acquisition 
mark, believing that the same level might end up being profitable again in the 
future. These buying and selling behaviors are naturally of no consequence to 
Bitcoin when only a few investors are showcasing them. Tight price ranges 
where a large amount of investors share their cost basis, however, can produce 
a reaction sizeable enough to affect the asset. Clearly, Bitcoin only has such 
ranges left on the profit side, implying it has no major resistance levels 
ahead in terms of supply distribution. Thus, an exploration beyond $100,000 
may not be hindered by break-even sellers. Related Reading: Bitcoin Network 
Activity In Bear Market Zone—Warning Or Opportunity? Though, while this may 
true, the run could have something different to worry about: profit-selling. 
Usually, the more investors are there in gains, the more likely is a mass 
selloff to occur. With the vast majority of the Bitcoin supply now in the 
green, it&#8217;s possible that profit-taking would become a threat to the rally. It 
only remains to be seen whether there would be enough incoming demand able to 
absorb the potential selling pressure or not. BTC Price At the time of 
writing, Bitcoin is trading around $99,400, up more than 3% in the last week. 
Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

Bitcoin Resistance Limited Beyond $100,000, On-Chain Data Suggests

The 22-year-old developer of Zerebro, who apparently committed suicide during 
a livestream on May 4, is actually alive, according to a San Francisco news 
outlet that claims they spoke to Yu outside his family home.
The San Francisco Standard reporter George Kelly claimed on May 8 that he 
briefly spoke with Yu outside of his family&#8217;s two-story home, where the crypto 
influencer refused to discuss the suicide allegations and whether he had 
financially benefited from it.
Instead, Yu reportedly said: &#8220;You can see the PTSD in my eyes, right?&#8221; before 
asking the reporter to leave.
He was reportedly wearing a T-shirt, shorts, flip-flops and wire-rimmed 
glasses, possibly similar to the ones he had on while appearing to shoot 
himself to death during the livestream.
_Jeffy Yu speaking about the future of crypto AI agents in a January 2025 
podcast on Bankless. Source:__Bankless_
The SFS didn&#8217;t share an image of Yu outside his family&#8217;s house.
Many initially believed that Yu&#8217;s suicide was legitimate after reports of the 
incident emerged on May 4. But several pieces of information that began 
circulating on X two days later led some to conclude his suicide attempt was 
faked.
One piece of evidence was an unverified letter purportedly sent by Yu to an 
investor confirming that he hadn&#8217;t died; another included transfers from 
several crypto wallets owned by Yu after the alleged incident and the removal 
of his obituary from the memorial site Legacy.com.
## Wallets tied to Yu have moved $1.5M since the suicide incident
According to blockchain analytics firm Bubblemaps, wallets tied to Yu have 
offloaded around $1.5 million worth of the Zerebro (ZEREBRO) tokens since the 
suicide incident, strengthening the SFS&#8217; report that Yu is still alive.
Some of those funds have been transferred to the same wallet address Yu used 
to create the so-called &#8220;Legacy Memecoin&#8221; &#8212; Legacoin (LLJEFFY) &#8212; Bubblemaps 
noted.
_**Related:**__**Doodles NFT sales surge 97% ahead of DOOD token airdrop**_
Yu&#8217;s AI-powered, content-focused Zerebro platform burst onto the scene in late 
2024, with the ZEREBRO token soaring to a near $660 million market cap on Jan. 
3 before tanking below $20 million around three months later, CoinGecko data 
shows.
ZEREBRO currently boasts a $47.2 million valuation, while several LLJEFFY 
tokens have notched multimillion-dollar valuations across different blockchain 
networks.
## Yu&#8217;s PTSD claims reflect a concerning industry trend of harassment, 
violence
The PTSD comment that Yu made to the SFS reporter appears to be related to the 
constant harassment, blackmail and threats that he talked about in his 
apparent letter sent to the Zerebro investor.
He claimed that with his house address publicly known, he&#8217;s been in constant 
fear of robbery and physical harm &#8212; an unfortunate trend that has escalated 
in the crypto space in recent months.
There have been more than 150 crypto-related physical attacks since 2014, 
according to a GitHub list tracked by Bitcoin cypherpunk Jameson Lopp.
Forty-six of those reported incidents have occurred over the last 12 months 
alone.
_**Magazine:**__**ChatGPT a &#8216;schizophrenia-seeking missile,&#8217; AI scientists 
prep for 50% deaths:**_

Cryptocurrency price in MMK