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Evgeny🍖

@gagash

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AI: OpenAI Doubles Revenue, Hits $10 Billion Annually The world of AI has just reached a new milestone. OpenAI, the industry’s prodigy, announces that it has doubled its annual revenue, reaching the staggering mark of 10 billion dollars. This figure is not just a display of commercial strength; it marks the beginning of a new era for artificial intelligence, where growth is no longer a hypothesis but a reality with multiple zeros. When OpenAI reveals its numbers, the market holds its breath. With 10 billion dollars in annual recurring revenue, the company silences skeptics and reminds those who still doubted that artificial intelligence is today the driving force of an economy in full transformation. https://www.cointribune.com/en/ai-openai-doubles-its-revenue-and-reaches-10-billion-dollars-per-year/
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Report: Deutsche Bank Assesses Leveraging Stablecoin Tech or Consortium Role Deutsche Bank AG is exploring stablecoins and tokenized deposits as large financial institutions increase digital asset investments. German Financial Giant Ponders Stablecoin Use and Token Deposits Bloomberg reports that Germany’s largest lender is evaluating stablecoin options, which could involve issuing its own token or joining an industry initiative, according to Sabih Behzad, Deutsche Bank’s head of digital assets and currencies transformation. Behzad, in an interview reported by Bloomberg News reporters Arno Schuetze and Anna Irrera, added the bank is also assessing whether to develop its own tokenized deposit solution for payments. The report further notes that the exploration occurs as EU regulations solidify and U.S. stablecoin legislation advances. https://news.bitcoin.com/report-deutsche-bank-assesses-leveraging-stablecoin-tech-or-consortium-role/
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Bitcoin bull case hinges on Fed rate cut expectations, analysts say With bitcoin hovering around $105,000, analysts at Bitfinex suggest it could target the $120,000 to $125,000 range in June if a weak U.S. jobs report triggers a domino effect toward earlier-than-anticipated Fed rate cuts. However, stronger-than-expected Labor data could see bitcoin drop toward $95,000, they said. The latest U.S. jobs report, set for release on Friday, is expected to show a slowdown in labor market growth, with forecasts ranging from 125,000 to 130,000 new nonfarm payrolls added, down from April's 177,000, the Bitfinex analysts noted in an email to The Block. The unemployment rate is expected to hold at 4.2%, while average hourly earnings are forecast to rise by 0.2% to 0.3% month-over-month. https://www.theblock.co/post/357108/bitcoin-bull-case-hinges-on-fed-rate-cut-expectations-analysts-say
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Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase Hong Kong-Based Reitar Logtech joins a growing list of companies looking to build Bitcoin treasuries. Nasdaq-listed Reitar Logtech is planning to buy $1.5 billion worth of Bitcoin, according to a Monday U.S. Securities and Exchange Commission filing. The Hong Kong-based (RITR) said it was aiming to buy 15,000 BTC. "The BTC Program will pave the way for the company to engage in logistics real estate projects which may involve digital assets in the future by establishing a reserve of digital asset through this initiative and setting up the necessary internal organization and technical infrastructure for managing such digital assets," the company said in the 6-K SEC document. https://decrypt.co/323308/another-bitcoin-buyer-nasdaq-listed-tech-company-plans-1-5-billion-btc-purchase
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