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HYPE, the native token of HyperliquidX, has indeed been a standout performer among altcoins, with an impressive 84% surge in the past month. This growth can be attributed to several factors, including ¹: - *Airdrop Farming*: Users are farming points, yields, and rewards on HyperEVM protocols, which requires buying, staking, and looping HYPE tokens, thereby increasing demand. - *Token Buybacks*: Hyperliquid's buy-and-burn mechanism removes tokens from circulation, reducing supply and potentially driving up the price. The Assistance Fund has removed around $795 million worth of HYPE tokens from the total supply. - *Market Domination*: Hyperliquid has become a leading on-chain derivatives platform, accounting for 70% of the on-chain derivatives volume. Its monthly trading volume has exceeded Uniswap and PancakeSwap combined. - *Speculative Rotation*: Investors are rotating into HYPE, seeking more volatile bets in the DeFi space. The current price of HYPE is around $37.71, with a market capitalization of approximately $12.57 billion. Its market dominance and growing adoption have contributed to its impressive price performance ².
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Cannes, France, is set to become one of the latest cities to adopt cryptocurrency payments. By summer 2025, merchants in Cannes will start accepting crypto, aiming to attract high-income clientele and modernize the city's payment ecosystem. The municipal government is targeting a 90% adoption rate among local merchants. *Key Cities Embracing Cryptocurrency Payments:* - *Cannes, France*: Merchants will accept cryptocurrency payments by summer 2025, with a target of 90% adoption rate. - *Lugano, Switzerland*: Started accepting Bitcoin and stablecoin payments for taxes and municipal fees in December 2023. - *Panama City, Panama*: Now accepts Bitcoin, Ether, USDC, and USDT for taxes and municipal fees, aiming to modernize and attract investment. - *Colorado, USA*: Started accepting crypto tax payments in September 2022. - *Vancouver, Canada*: Exploring Bitcoin integration and potential treasury strategy. This trend reflects a growing effort by cities and governments to stay competitive globally by embracing cryptocurrency payments. According to Artem Shaginyan, founder of Lunu Pay, Cannes' adoption of crypto payments "shows that Web3 payments aren’t just a niche thing anymore."
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new mewz
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Amazon's Alexa+ has officially debuted in the United States, offering a smarter and more conversational assistant experience powered by generative AI. This next-generation assistant is designed to be more personalized and capable of handling complex tasks. *Key Features of Alexa+:* - *Conversational Experience*: Alexa+ allows for free-flowing conversations, enabling users to ask follow-up questions without repeating context. - *Personalization*: Alexa+ learns user preferences over time, providing tailored responses and recommendations. - *Task Automation*: Alexa+ can autonomously handle tasks such as travel arrangements, activity planning, and smart home control. - *Integration with Third-Party Services*: Alexa+ connects to various services like GrubHub, OpenTable, Ticketmaster, and Uber, making it easier to book reservations, order food, or request rides. - *Agentic Capabilities*: Alexa+ can navigate the digital world like a person, completing tasks on behalf of the user ¹ ². *Availability and Pricing:* - *Rolling Out in Waves*: Alexa+ is currently rolling out to users in the US, starting with Echo Show 8, 10, 15, and 21 devices. - *Free for Prime Members*: Amazon Prime members can access Alexa+ for free as a Prime benefit. - $19.99/month: Non-Prime members can subscribe to Alexa+ for $19.99 per month. *Future Developments:* - *Agentic Technology*: Amazon CEO Andy Jassy mentioned that agentic technology is still "primitive," but the company aims to improve accuracy and functionality. - *Missing Features*: Some key features demonstrated in February are still missing from the current rollout, but Amazon plans to continue updating and improving Alexa+ ³.
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[4/26, 11:24 PM] Meta AI: https://www.ccn.com/news/crypto/bitcoin-miners-q4-relief-rising-costs/ [4/26, 11:25 PM] Meta AI: Bitcoin Mining Costs Surge as Companies Shift Focus to AI Bitcoin mining costs have surged significantly as companies are increasingly shifting their focus towards artificial intelligence (AI). This shift is driven by the potential for higher returns and diversification of revenue streams. Key Factors Behind the Surge - *Increasing Energy Costs*: The rising cost of energy has contributed to the surge in Bitcoin mining costs. - *Shift to AI*: Companies are diversifying into AI to tap into new revenue streams and reduce dependence on cryptocurrency mining. - *Technological Advancements*: Advances in AI technology have made it more feasible for companies to invest in AI infrastructure. Benefits of Shifting to AI - *Diversified Revenue Streams*: AI offers a new revenue stream, reducing dependence on cryptocurrency mining. - *Higher Returns*: AI applications can generate higher returns than traditional Bitcoin mining. - *Increased Efficiency*: AI can optimize mining operations, leading to increased efficiency and reduced costs. Challenges and Risks - *High Initial Investment*: Entering the AI sector requires significant upfront investment. - *Regulatory Uncertainty*: The regulatory environment for AI is still evolving, posing risks for companies investing in this sector. - *Technological Risks*: AI technology is rapidly evolving, and companies must stay up-to-date to remain competitive. Future Outlook As the cryptocurrency market continues to evolve, companies are likely to focus on diversifying their revenue streams and exploring new growth areas. The shift towards AI is expected to continue, driven by the potential for higher returns and increased efficiency. In conclusion, the surge in Bitcoin mining costs is driven by a combination of factors, including increasing energy costs and the shift towards AI. While there are benefits to diversifying into AI, companies must be aware of the challenges and risks associated with this shift.
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