The tax exemption for SpaceX&#8217;s AI chip plant highlights tensions between 
economic incentives and local community concerns over environmental and 
infrastructural impacts.
The post SpaceX wins 35-year tax exemption for $55B AI chip plant as Grimes 
County residents push back appeared first on Crypto Briefing.

The tax exemption for SpaceX&#8217;s AI chip plant highlights tensions between economic incentives and local community concerns over environmental and infrastructural impacts. The post SpaceX wins 35-year tax exemption for $55B AI chip plant as Grimes County residents push back appeared first on Crypto Briefing.

SpaceX wins 35-year tax exemption for $55B AI chip plant as Grimes County residents push back

RLUSD, Ripple’s USD-backed stablecoin, has launched in Turkey via local crypto 
platforms, giving enterprises regulated access to digital dollars. The rollout 
supports payments, liquidity, collateral management, and tokenization in a 
market with roughly $200 billion in annual crypto volume. RLUSD Enters Turkey 
Through Local Platforms Serving Crypto Users Ripple said its USD-backed 
stablecoin, RLUSD, is […]

RLUSD, Ripple’s USD-backed stablecoin, has launched in Turkey via local crypto platforms, giving enterprises regulated access to digital dollars. The rollout supports payments, liquidity, collateral management, and tokenization in a market with roughly $200 billion in annual crypto volume. RLUSD Enters Turkey Through Local Platforms Serving Crypto Users Ripple said its USD-backed stablecoin, RLUSD, is &#8230;

Ripple Expands RLUSD Into Turkey as a $200B Crypto Market Signals Bigger Stablecoin Demand

The situation underscores the complexities of cross-border banking mergers, 
highlighting regulatory challenges and national economic sensitivities.
The post Commerzbank contacts German regulator over UniCredit stake buildup 
appeared first on Crypto Briefing.

The situation underscores the complexities of cross-border banking mergers, highlighting regulatory challenges and national economic sensitivities. The post Commerzbank contacts German regulator over UniCredit stake buildup appeared first on Crypto Briefing.

Commerzbank contacts German regulator over UniCredit stake buildup

AI chatbots may already possess consciousness, challenging our understanding 
of intelligence and sparking ethical debates.
The post Geoffrey Hinton: AI may already be conscious, superintelligence is expected in two decades, and rapid advancements are reshaping mathematics | Big Technology appeared first on Crypto Briefing.

AI chatbots may already possess consciousness, challenging our understanding of intelligence and sparking ethical debates. The post Geoffrey Hinton: AI may already be conscious, superintelligence is expected in two decades, and rapid advancements are reshaping mathematics | Big Technology appeared first on Crypto Briefing.

Geoffrey Hinton: AI may already be conscious, superintelligence is expected in two decades, and rapid advancements are reshaping mathematics | Big Technology

Data shows the sentiment in the cryptocurrency sector has plummeted deep into 
extreme fear as Bitcoin and other assets have crashed. Bitcoin Fear &amp; Greed 
Index Has Dropped To A Low Of 11 The &#8220;Fear &amp; Greed Index&#8221; refers to an 
indicator created by Alternative that tells us about the average sentiment 
present among traders in the Bitcoin and wider cryptocurrency markets. Related 
Reading: XRP Breaks Below Triangle—Will Drawdown Extend To $1.14? The index 
uses a numerical scale running from zero to hundred for representing the 
investor mentality. All values on this scale above 53 correspond to a 
sentiment of greed, while those below 47 to one of fear. The metric being 
between these two cutoffs naturally suggests a net neutral mentality. Besides 
these three main zones, there are two extreme regions called the extreme fear 
(25 and under) and extreme greed (above 75). Currently, the market is in the 
former of these two zones. As is visible above, the Bitcoin Fear &amp; Greed Index 
has a value of 11 right now, which is deep inside extreme fear. Thus, it would 
appear that investors are quite pessimistic about the market. Just a couple of 
days ago, the sentiment was inside the normal fear region. The sharp 
deterioration since then has come as a result of the steep drawdown that BTC 
and other assets have faced. As displayed in the above graph, the latest 
decline in the Fear &amp; Greed Index has meant that its value is now at its 
lowest since early April. Historically, digital assets have often tended to go 
contrary to the opinion of the majority, so this extremely fearful mentality 
may not actually be a bad sign for the sector. That said, the current value of 
11 alone may not be able to dictate whether a bottom is close. Back in 
February, the index went to a low of 5 before the market found some stability. 
Related Reading: Bitcoin Bulls Crushed: Sub-$70,000 Crash Flushes $428M In 
Longs In some other news, the recent Bitcoin plunge has come alongside a 
contracting demand in the market, as highlighted by CryptoQuant head of 
research Julio Moreno in an X post. From the chart, it&#8217;s apparent that the 
30-day change in the combined Bitcoin spot and futures demand has been 
negative recently. Over the past month, demand has contracted by 232,000 BTC 
on these markets. Moreno explained: The ongoing price correction is completely 
related to Bitcoin demand conditions and has nothing to do with stocks (all- 
time highs), oil or macro (e.g. manufacturing activity is growing faster). BTC 
Price At the time of writing, Bitcoin is trading around $67,000, down more 
than 11% over the past week. Featured image from Dall-E, chart from 
TradingView.com

Data shows the sentiment in the cryptocurrency sector has plummeted deep into extreme fear as Bitcoin and other assets have crashed. Bitcoin Fear &amp; Greed Index Has Dropped To A Low Of 11 The &#8220;Fear &amp; Greed Index&#8221; refers to an indicator created by Alternative that tells us about the average sentiment present among traders &#8230;

Bitcoin Traders Turn Most Fearful In 2 Months Following Crash

Bitcoin hovered under the $63,000 mark late June 3 after a steep selloff 
erased more than $1.2 billion in leveraged crypto positions during the past 24 
hours. Data from Coinglass shows total liquidations reached approximately 
$1.12 billion over the last day, with long traders absorbing the overwhelming 
majority of the damage. Nearly $949 million in […]

Bitcoin hovered under the $63,000 mark late June 3 after a steep selloff erased more than $1.2 billion in leveraged crypto positions during the past 24 hours. Data from Coinglass shows total liquidations reached approximately $1.12 billion over the last day, with long traders absorbing the overwhelming majority of the damage. Nearly $949 million in &#8230;

SpaceX wins 35-year tax exemption for $55B AI chip plant as Grimes County residents push back

Comments