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Crypto News Digest by U.Today
Valeria Blokhina
U.Today’s crypto news summary will not let you miss any of the most important events in the industry!
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U.Today brings you the three main news stories of the last day.
Elon Musk releases major ‘Black Mirror’ statement to warn community
In a recent X postElon Musk, the world-famous billionaire who has a growing interest in the latest technological developments, expressed his distrust in a new Microsoft feature. The feature is called “Recall,” and according to Microsoft CEO Satya Nadella, that’s exactly what it is represents a semantic search of users’ entire history, which will help them find everything they have seen or done on their PCs. The principle of “Recall” is simple: Windows will constantly take screenshots of your computer screen, then use a generative AI model, together with the NPU, to process all that data and make it searchable. Despite the promising utility, Musk criticized the feature, comparing it to what an episode of the “Black Mirror” series might show, suggesting that the series’ dystopian scenario in which technologies control humanity is getting closer to reality. “Permanently disable this ‘feature,’” Musk wrote, perhaps suggesting that data collected by “Recall” could potentially be easily accessed and used to control user actions.
Shibarium on verge of major record as transactions surge 209%
Together with the rest of the market, Shibarium, the Shiba Inu layer-2 solution, has recently seen the positive effects of a new upward trend. According to data provided by Shibariumscan, the daily transaction count increased from 6,000 on May 14 to 18,560 on May 20, a growth of more than 209%. For weeks, the number of daily transitions on Shibarium remained relatively stable, but things changed after the Shibarium hard fork was implemented on the mainnet. This was a turning point for the Ethereum L2 protocol. With the surge in transactions, Shibarium now aims to break the record of 420 million total transactions. While there’s no telling when exactly this will be accomplished, Shibarium has the right catalyst to help take its position to a new overall level. Currently, the total transaction count on Shibarium stands at 417,525,512, according to data from Shibariumscan.
Samson Mow Bullish Bitcoin Statement: “Omega Coming”
Bitcoin, the flagship cryptocurrency, has finally taken the long-awaited step towards revisiting its all-time high, rising back to the $71,000 level, the highest price level since April 1, when BTC was trading at $71,330. The likely catalysts for BTC’s sudden rally were positive CPI data, which showed a declining inflation rate, as well as a full week of inflows into Bitcoin ETFs. Such a positive change in the price of Bitcoin could not go unnoticed by the CEO of Jan3 Samson Mow, a well-known BTC maximalist who once predicted that the aforementioned asset could reach up to $1 million one day. Mow used his handle X to comment on the BTC price surge, making yet another prediction; this time it is about the imminent arrival of an Omega Bitcoin candle. As previously explained by the CEO, an Omega candle is a large trading candle on a Bitcoin chart accompanied by high volatility movements. Meanwhile, Bitcoin is trading at $70,006, down 0.25% over the past 24 hours, according to CoinMarketCap.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrency is the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.