Froklog

Former CFTC commissioner to lead Blockchain Association, with Summer Mersinger appointed as CEO starting June 2. Her departure marks the second recent change in CFTC leadership. Congressional legislation on stablecoins and digital asset regulation aligns with her decision. CEO of Blockchain Association, Kristin Smith, already announced moving to Solana Policy Institute. Discussing the potential future CFTC chairmanship is Brian Quintenz from a16z Crypto.

Retail investors are showing increased activity in Bitcoin, indicating a revival of trust. Their behavior serves as an important sentiment indicator, potentially influencing price movements. Retail investors with balances up to $10,000 have seen a 3.4% increase in demand metric. Experts forecast a continuation of this trend with bullish momentum, leading to further adoption of the asset.

The Ethereum Foundation announces the Trillion Dollar Security project to enhance Ethereum's security for widespread blockchain adoption. Led by key figures, the initiative aims to secure assets worth over $1000 for billions of people and $1 trillion for entities using Ethereum applications. The project focuses on mapping network strengths, enhancing key areas, and improving security communications to involve a broad range of experts and users.

Mantle launches the second phase of the Yapperboard Challenge with a $40,000 prize pool. Participants create original content about Mantle to compete for rewards and engage with the community. Active involvement and creativity are encouraged to secure a top position on the Kaito leaderboard. The Yap Club program offers additional benefits.

CEO of OpenAI, Sam Altman, discussed how different generations perceive and use artificial intelligence. Baby boomers see AI as an advanced search engine, millennials view it as a digital therapist, and modern students rely on AI as a universal assistant. Altman highlighted the generational gap in AI usage, comparing it to the early days of smartphones. He mentioned the diverse ways in which college students customize and utilize ChatGPT, even relying on it for life decisions. In April, OpenAI improved ChatGPT's memory capabilities. Altman also mentioned OpenAI spending millions on unnecessary responses to polite user interactions with AI.

Trillion-Dollar Deal: New AI Alliance Between the USA and Saudi Arabia
American tech companies have made an agreement with the Saudi Arabian company Humain for the large-scale development of the artificial intelligence sector in the region. The initiative is accompanied by President Donald Trump's trip to the country.
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Large UBS clients in Asia are shifting from US dollar assets to gold, cryptocurrencies, and Chinese markets due to growing geopolitical uncertainty and volatility. This trend reflects a broader interest in alternative investments amid market turbulence, with Bitcoin increasingly viewed as a digital version of gold.

The Infinite Node Foundation acquires intellectual rights to the CryptoPunks NFT collection from Yuga Labs, with plans for a full exhibition in California. Former Yuga Labs managers join the foundation. NFT market trading volume fell by 24% in Q1 compared to the previous quarter.

US Senators call for a review of the tax on unrealized crypto profits to prevent US companies from being disadvantaged compared to foreign competitors. They urge the Treasury to exclude unrealized profits from corporate tax calculations to maintain US leadership in digital finance.

eToro's IPO valued at $4.3 billion, pricing shares at $52, exceeding the initial range of $46-50. The platform raised $620 million and will debut on Nasdaq on May 14. The company previously announced a merger in 2021, rescheduled due to SEC delays.

Apple is introducing AI-powered battery management in iOS 19 to improve energy efficiency on iPhones. This new technology will analyze user device usage to optimize energy consumption. Apple aims to overcome battery limitations in devices with compact designs, such as the upcoming iPhone 17. iOS 19 will also feature an updated Health app with an AI doctor.

Charles Hoskinson announced a private stablecoin on the Cardano platform, aiming to offer a high level of privacy comparable to cash transactions. Regulatory resistance remains, as the EU plans to ban exchanges from dealing with private cryptocurrencies. Hoskinson suggested a solution through selectively disclosed data for transaction verification. The GENIUS Act concerning stablecoins failed in a crucial Senate vote.

The capitalization of Tether exceeded $150 billion
The total supply of USDT has exceeded $150 billion. According to Tether, stablecoins worth $73 billion have been issued on the TRON network — a figure that has surpassed Ethereum for the first time.
> From 0 to $150B.
> Born in 2014, Tether didn’t just launch USD₮ — it launched the entire