FameEX Morning Crypto News Recap | May 25, 2023

Google and Microsoft Propose Twitter and Tesla as Potential Players
Tesla CEO Elon Musk advocates for the inclusion of another significant player in the artificial intelligence (AI) competition alongside Google and Microsoft. He proposes the possibility of Tesla and Twitter partnering with an AI firm, similar to how Microsoft collaborates with OpenAI.

Bitcoin NFT Sales Achieve USD173 Million in 30-Day Surge, Securing Second Place in the Blockchain Market
Bitcoin-based non-fungible token (NFT) sales achieved a remarkable USD173.28 million in the past month, surpassing 20 other blockchain networks. This establishes Bitcoin as the second-largest market for NFT sales, while Ethereum continues to maintain its leading position in the blockchain industry.

Terraform Labs CEO Do Kwon Denied Bail, Extradition Requests Await, Rules Montenegrin High Court
Terraform Labs co-founder Do Kwon's bail application was rejected by a Montenegrin high court judge. The denial came after Kwon and an associate were apprehended for attempting to use false identification while boarding a flight to Dubai on March 23, 2023.

ZA Bank Announces Launch of Digital Asset Retail Trading in Hong Kong, Aligning with New Guidelines
Hong Kong-based ZA Bank plans to launch retail virtual asset trading in response to the Hong Kong Securities and Futures Commission's announcement of accepting license applications for such platforms. ZA Bank unveiled its plan on May 24, aiming to facilitate virtual asset trading for retail customers in the region.

Voltz DeFi Protocol Launches SOFR Swaps on Avalanche Network
The decentralized finance (DeFi) protocol, Voltz, now offers investors the option to hedge interest-rate risk by trading Secured Overnight Financing Rate (SOFR) swaps. This new feature empowers users on the Avalanche network to participate in interest rate swap transactions using SOFR, a prominent benchmark rate in the global economy.

White House Expresses Concerns Over the Effects of AI Surveillance on Workers
White House officials will engage workers in discussions about employers' use of AI for monitoring. This initiative is in line with federal investments in AI development. U.S. regulators are organizing a listening session, inviting gig work experts, researchers, and policymakers to provide insights on AI-driven workplace surveillance, monitoring, and evaluation.

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