FameEX Morning Crypto News Recap | May 25, 2023

Google and Microsoft Suggest Potential Involvement of Twitter and Tesla
Elon Musk, CEO of Tesla, believes that there should be another major player in the artificial intelligence (AI) race alongside Microsoft and Google. Musk suggested that Tesla and Twitter could potentially partner with an AI company, drawing a parallel to Microsoft's collaboration with OpenAI.

Bitcoin NFT Sales Soar to USD173 Million in 30 Days, Securing Second Spot in Blockchain Market
In the last month, Bitcoin-based non-fungible token (NFT) sales reached an impressive USD173.28 million, surpassing sales from 20 other blockchain networks. This positions Bitcoin as the second-largest blockchain market for NFT sales, with Ethereum maintaining its dominant position.

Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court as Extradition Requests Await
Do Kwon, co-founder of Terraform Labs, had his bail application denied by a Montenegrin high court judge. The judge invalidated the application after Kwon and a companion were detained for attempting to board a flight to Dubai using false identification on March 23, 2023.

ZA Bank to Launch Digital Asset Retail Trading in Hong Kong Following New Guidelines
ZA Bank, based in Hong Kong, intends to introduce retail virtual asset trading in the region. This decision follows the announcement by the Hong Kong Securities and Futures Commission (SFC) that it will accept license applications for retail virtual asset trading platforms, with ZA Bank revealing its plan on May 24.

Voltz DeFi Protocol Introduces SOFR Swaps on Avalanche Network
Voltz, a decentralized finance (DeFi) protocol, has introduced the ability for investors to hedge interest-rate risk through trading Secured Overnight Financing Rate (SOFR) swaps. This development enables users on the Avalanche network to engage in interest rate swap transactions based on SOFR, a widely-used benchmark rate in the global economy.

White House Raises Concerns about the Impact of AI Surveillance on Workers
White House officials are set to engage workers in discussions regarding the use of AI for monitoring purposes by employers. This initiative aligns with federal investments in AI development. U.S. regulators plan to hold a listening session, inviting gig work experts, researchers, and policymakers to share insights on workplace surveillance, monitoring, and evaluation involving AI.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.