Bitcoin
Crypto News Digest by U.Today By U.Today
U.Today – U.Today presents the top three news stories from the previous day.
Elon Musk issues important “Black Mirror” statement to alert the community
In a recent post on The feature is called “Recall” and, according to Microsoft CEO Satya Nadella, it represents a semantic search of users’ entire history, which will help them find everything they have ever seen or done on their PCs. The principle of “ Recall” is simple: Windows will constantly take screenshots of your computer screen and then use a generative AI model, along with the NPU, to process all that data and make it searchable. Despite its promising usefulness, Musk criticized the feature, comparing it to what an episode of the series “Black Mirror” could show, implying that the series’ dystopian scenario, of technologies controlling humanity, is increasingly closer to reality. “Definitely disabling this ‘feature’,” Musk wrote, perhaps hinting that the data collected by “Recall” could be easily accessed and used to control users’ actions.
Shibário on the verge of a major record as transactions soar 209%
Along with the rest of the market, Shibarium, the layer 2 solution, has recently seen the positive effects of a new uptrend. According to data provided by Shibariumscan, the daily transaction count increased from 6,000 on May 14 to 18,560 on May 20, representing growth of over 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 L2 protocol. With the increase in transactions, Shibarium now aims to break the record of 420 million transactions in total. While it remains to be seen when exactly this will be achieved, Shibarium has the right catalyst to help it take its position to a new level overall. Currently, the total transaction count on Shibarium is 417,525,512, according to data from Shibariumscan.
Optimistic statement issued by Samson Mow: “Omega coming”
Bitcoin, the leading cryptocurrency, has finally made the long-awaited move to revisit its all-time high, rising back to the $71,000 level – the highest price level since April 1, when BTC traded at $71,330. The likely catalysts for BTC’s sudden rally were positive CPI data, which showed a weakening 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 Jan3 CEO Samson Mow, a renowned BTC maximalist who once predicted that the aforementioned asset could reach $1 million one day. Mow took his X to comment on the rise in BTC price, making yet another prediction; this time it is about the arrival of an Omega Bitcoin candle soon. 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% in the last 24 hours, per CoinMarketCap.