The Hong Kong Generative AI Research and Development Centre (HKGAI), born in 2023 under the InnoHK initiative (because every city needs a flagship AI hub, apparently), has tied the knot with FLock.io. Why? To bring decentralized AI infrastructure to the public sector, of course. Because if there’s one thing government operations need, it’s more buzzwords. 🗳️🤓
According to the oracles at Bloomberg, who receive their revelations via electric whispers, the Minister, while acknowledging the wild, heart-attack-inducing swings of these spectral currencies, declared that with a sufficiently robust cage, they might be tamed. “They can become an option,” he pronounced, thereby granting a state-sanctioned nod to the collective delirium of a million keyboard warriors. One can only imagine the frantic scribbling in ledgers across the land.
Which is why a trader, who for reasons best known to himself had chosen the online moniker ‘White Whale’, was not entirely surprised, but was monumentally cheesed off, to discover that MEXC Global had, with the bureaucratic flair of a Vogon reading poetry, frozen his account to the tune of $3,158,572.32.
It was on a Friday, a day much like any other, yet marked by a filing that would later be spoken of in hushed tones. Grayscale sought to metamorphose its existing Avalanche Trust, a creature of the digital world, into a publicly traded ETF, a transformation as profound as the turning of the seasons. This revelation, contained within a registration statement released on Monday, sent ripples through the market, akin to the first droplets of rain on a calm lake.
Bitcoin’s price, once a soaring eagle, now plummets like a fallen leaf, settling at $111,000 on Monday. 🧨
Private credit, U.S. Treasuries, commodities, stocks, and bonds-ah, the sacred cows of TradFi-stand poised to be tamed by the digital shepherds of RWA tokenization. “The estimated $400 trillion addressable market,” the researchers pen, “is but a prelude to the symphony of growth.” One wonders if the orchestra will play in C-sharp or B-flat. 🎻
As governments across the globe whip out their regulatory whips, threatening to snatch personal data from the hands of citizens, the U.S. is gearing up for a showdown. The Federal Trade Commission (FTC) has dispatched letters to the likes of Akamai, Alphabet, Amazon, Apple, Cloudflare, Discord, Godaddy, Meta, Microsoft, Signal, Snap, Slack, and X, warning them against the folly of weakening encryption in a bid to appease foreign demands.
The pantheon of Bitcoin’s top holders reads like a modern-day Who’s Who: Trump’s media empire, Elon’s Tesla, and others who’ve traded ink for code. It’s a circus of capitalism, and the tickets are priced in zeroes. 🎪📜
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This $MVRK launch is no small feat! Mavryk dreams of shoving $10 billion worth of real-world assets into the blockchain, creating a world where tokenization, DeFi, and lending all hold hands in a happy, interoperable dance. 🕺💰
