#rise

El Salvador's unrealized (or floating) gains from its Bitcoin acquisitions have surpassed $12 million. Currently, the average cost of all BTC purchased by the country stands at $42,441.

The cryptocurrency SOL, once championed by Sam Bankman-Fried of the now-bankrupt FTX exchange, has witnessed a remarkable rise, currently priced around $75. At the start of 2023, its cost was approximately $14, indicating an increase of over five times.

Scottish university professors are mulling over a return to old-school handwritten works due to the rise in students using AI.

Apple has reportedly shelled out $5 million to secure the rights to Michael Lewis' upcoming book on Sam Bankman-Fried (SBF), the former CEO of FTX. The book, titled "Going Infinite: The Rise and Fall of a New Tycoon," is set to launch on October 3, coinciding with the start of SBF's criminal trial in New York. A documentary is also in the pipeline, directed by Nanette Burstein, known for her work on crypto evangelist John McAfee and Hillary Clinton.

House Democrats have initiated a working group dedicated to artificial intelligence (AI) with the aim to craft legislation surrounding this tech. The group, chaired by Representative Derek Kilmer, will explore leveraging AI for growth while ensuring job security for those impacted by AI advancements. A primary concern is the rise of AI-generated misinformation, especially deepfakes.

The CEO of Binance has repeatedly aired his distrust of USDT, dubbing it a "black box" due to its lack of transparency in audits and reports. Also, Binance listed a new stablecoin, FDUSD, on July 26th, that has seen a rapid rise in capitalization. They are in the process of designing their own algorithmic stablecoin and are open to listing more USDT equivalents on their exchange. Meanwhile, Tether's CTO has hinted at CZ's involvement in market manipulation in the stablecoin sector, mentioning a 10 basis point USDT depeg on July 28th. "Isn't it interesting that USDt is being pressured down (slightly, within 10bps, just to push market makers to react), and USDc, the main competitor that you would expect being gaining from the situation, is redeemed heavily nevertheless, while suddenly a competitor born 2 days ago is getting it all? Exactly! It feels definitely organic and not manipulative at all. Some people never learn." For the record, the Twitter account of First Digital Labs (FDUSD) has a mere 585 followers. It's intriguing to watch the outcome of this power struggle. Is this just the tip of the iceberg? Fingers crossed, this won't escalate into a challenge for a bout in the octagon, as seems to be a popular move among billionaires...

Raoul Pal, once at the helm of Goldman Sachs, envisions a steep rise in the global count of cryptocurrency users. He drew parallels between the initial decade of digital assets and internet evolution, leading to the conclusion that the tally of cryptocurrency enthusiasts could hit the 1.2 billion mark by the end of 2025. His projections suggest this number could catapult to a staggering 5.1 billion by 2030. The key drivers in achieving such an extensive digital asset adoption, he believes, will be Central Bank Digital Currencies (CBDCs) and NFTs.

The U.S. Bureau of Labor Statistics has released its January 2024 figures, revealing a steadfast unemployment rate and a significant rise in non-farm sector employment.

Shares of the American firm LungLife AI, engaged in developing AI-driven diagnostic techniques for lung cancer, have seen a notable increase, peaking at a 60% rise. This boost came in the wake of publishing successful results from their LungLB test.

In the US, crypto industry lobbying is on the rise, with expenditures reaching $19 million in just the first three quarters of the year, surpassing the previous year's total. In 2022, the total lobbying budget reached $22 million, with FTX contributing significantly.

According to Claims Market, there has been a rise to 55% in the value of claims from FTX’s creditors after Sam Bankman-Fried was found guilty on all charges, and Anthropic’s market value has gone up.

Back in 2018, when Uniswap's founder, Hayden Adams, rolled out the HayCoin tokens for a platform trial, little did anyone anticipate their meteoric rise. The recent destruction of 99.99% of these tokens by Adams has pushed their price to an astounding $2.5 million.

Aptos Labs is set to work with Microsoft to infuse its blockchain products, including fresh developments, with artificial intelligence. Aptos Assistant, a chatbot, is one such innovation that educates users about the Aptos ecosystem and assists developers in crafting smart contracts and decentralized apps. A 15% rise in the APT token's value followed the announcement of the collaboration.

As Elon Musk occupies himself with the Twitter rebrand, the crypto community is enthusiastically trading tokens that bear association with the well-known platform only through its former name. The TwitterDAO (TWITTER) token is presently priced at $0.0001, despite a rocky start.This rise is attributed to the automatic system's verification and contract audit. Yet, it's vital to bear in mind that such tokens often morph into money-making tools for fraudsters, leading to a total wipeout of the assets belonging to external investors. The recent situation with BALD serves as a stark reminder of this risk.

Layer 2 network Optimism has surpassed Arbitrum, recording 944,000 daily transactions, which is nearly 50% more than its former frontrunner with 660,000 daily transactions. The surge in activity on Optimism can be attributed to the recent Bedrock update and the excitement surrounding the Worldcoin project, which enables user accounts within this network. However, when it comes to Total Value Locked (TVL), Arbitrum remains in the lead, boasting over $2 billion — twice as much as its competitor.