Today’s highlights in the world of cryptocurrency are brought to you by CoinChapter.com.
Elon Musk has decided to drop his lawsuit against OpenAI and its CEO Sam Altman. Initially filed in February 2024, the lawsuit accused OpenAI of deviating from its original goal of developing AI for the betterment of humanity rather than for profit. Musk’s legal team requested to dismiss the breach of contract case without prejudice on June 1st, leaving the possibility of future legal action open.
In a surprising turn of events, several memecoins related to President Joe Biden and his family saw a surge in value following Hunter Biden’s guilty verdict on gun charges. The Jeo Boden (BODEN) token rose by 26%, while the Hunter Boden (HUNTBODEN) token experienced a substantial 116% spike. However, the Jill Boden (JILLBODEN) token saw a 9% decrease shortly after the rally.
Ripple is collaborating with the National Bank of Georgia to explore digitalizing the local economy. This partnership builds upon their existing work on Georgia’s digital lari CBDC project, with Ripple serving as the technology provider for the digital lari pilot.
The cryptocurrency market recently underwent a significant selloff, resulting in the liquidation of approximately $189.4 million in leveraged positions. Bitcoin and Ethereum both experienced declines, with $147 million worth of long trades being liquidated. Binance saw the highest number of liquidations at $99.7 million.
ZKsync is set to distribute 3.675 billion ZK tokens to its community members, accounting for 17.5% of the total token supply. The airdrop aims to reward early adopters and will enable holders to participate in the governance of the ZKsync protocol. The distribution will be divided between users (89%) and contributors (11%), with individual allocations based on various activities within the protocol.
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