Good morning, Asia. This is what makes news in the market:Welcome to Asian morning briefings, daily summary of top stories throughout the US time, and an overview of market movements and analysis. For a detailed overview of the US market, see Coindesk’s Crypto Daybook Americas.Despite the hugely successful revenue from Tech Giants Microsoft (MSFT) and Meta, artificial intelligence (AI) majors have fallen slightly.Microsoft’s cloud revenues rose 27% to $46.7 billion, while Azure exceeded $75 billion a year as demand for AI workloads pushed data center capacity beyond 2 gigawatts. Meanwhile, Meta reported a 22% year-on-year revenue increased to $47.5 billion,…
Author: ₿e Proud
GitHub Copilot, an AI coding tool offered by Microsoft-owned GitHub, has now reached more than 20 million users, Microsoft CEO Satya Nadella said on the company’s earnings call Wednesday. A GitHub spokesperson confirmed to TechCrunch that this number represents “all-time users.” That means five million people have tried out GitHub Copilot for the first time in the last three months; the company reported in April the tool had reached 15 million users. Microsoft and GitHub don’t report how many of these 20 million people have continued to use the AI coding tool on a monthly or daily basis — though…
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Key Takeaways Cboe BZX Exchange proposes rule changes to allow automatic listing of crypto ETFs meeting set criteria. The new framework removes the need for case-by-case SEC approval for qualifying commodity-based trust shares. Share this article Cboe BZX Exchange has filed a proposed rule change with the SEC that would allow for the automatic listing of commodity-based trust shares, such as spot Bitcoin or Ethereum ETFs, without requiring separate SEC approval for each fund.Currently, each crypto ETF requires its own SEC rule change proposal, a time-consuming and often politicized process. Cboe’s bid to modernize this structure mirrors what already exists…
President Donald Trump’s crypto-working group ultimately issued a page of its massive report and US policy recommendations, with the two people behind the efforts telling Koindsk that decentralized financial (defi) protocols should work in the vision of the administration in the US sector.”Decentralized protocols can undoubtedly meet road rules,” said Bo Hines, executive director of the group of regulatory and senior management, who collectively issued a 163-page report on Wednesday. In a TV interview with Jennifer Sanathy with Coindsk, Hines and Treasury Department Tyler Williams shared some of the highlights of the lengthy report, including the treatment of their duties.”We…
Echoing sentiments shared in his “superintelligence”-focused blog post this morning, Meta CEO Mark Zuckerberg expanded on his bullish ideas that glasses will be the primary way users interact with AI in the years ahead. During Meta’s second-quarter earnings call, the social networking exec told investors he believes people without AI glasses will be at a disadvantage in the future. “I continue to think that glasses are basically going to be the ideal form factor for AI, because you can let an AI see what you see throughout the day, hear what you hear, [and] talk to you,” Zuckerberg said during…
Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure, like data centers and servers. “We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion…up approximately $30 billion year-over-year at the midpoint,” Meta said. That’s an aggressive capex growth, and one that Meta plans to continue onwards to 2026. The company said it expects a similarly large increase in spend on AI…
The bullish FLR price forecast for 2025 is between $0.032740 and $0.045118. Flare (FLR) prices can quickly reach $0.1. The 2025 bearish FLR price forecast is $0.015717. This Flare (FLR) Price Prediction 2025, 2026-2030 analyzes FLR price patterns using accurate trader-friendly technical analytics metrics to predict future cryptocurrency movements. Flare (FLR) Support and Resistance Level Flair (FLR) Price Forecast 2025 – RVOL, MA, and RSIFLARE (FLR) Price Forecast 2025 – ADX, BTC, Ethflare (FLR) Price Forecast 2026, 2027-2030ConclusionFAQQQQQQ Current market conditions for FLR Current price $0.02430 24 – Time price change 0.01% decrease 24 – Hourly trading volume $141 million…
AI-powered marketing automation startup Conversion, founded five years ago by two UC Berkeley dropouts, has raised a $28 million Series A led by Abstract, with participation from True Ventures and HOF Capital. The company’s founding story sounds like it could have been an episode of the HBO show “Silicon Valley.” The story begins all the way back when co-founder and CEO Neil Tewari, now 24, was in high school. He got busted one day watching a TechCrunch Disrupt livestream during class, was sent to the principal’s office, and had to stay late. Afraid to call his parents and tell them…
Key Takeaways The report proposes a unified federal framework for digital asset licensing, blockchain-driven public-private initiatives, and AI-powered oversight for decentralized finance. Despite referencing the Strategic Bitcoin Reserve, no new details were provided beyond Trump’s earlier executive orders. Share this article The White House has published its long-awaited report on digital assets, laying out a national strategy to position the US as a global leader in blockchain, crypto markets, and tokenized finance.While the report spans a broad range of digital asset policy areas, it stops short of providing substantive updates on the government’s planned Bitcoin reserve, instead reiterating language from…