1. Meta Skips Bitcoin, Bets Big on AI
Meta’s spokesperson confirmed that the company will not use Bitcoin for the corporate treasury but invest heavily in AI. Executives stress that AI will foster the company’s future growth and innovation, which is true for all future developments at Meta—as opposed to Bitcoin.
2. Ripple Gains DFSA License to Enable UAE Crypto Payments
Ripple has been granted a virtual asset license by Dubai’s Financial Services Authority (DFSA), allowing it to offer regulated crypto payment services in the UAE. This is a major step forward for Ripple in their global expansion and a major step for Dubai while committing to becoming a crypto and fintech hub in the Middle East.
3. Meta Turns to Nuclear Energy to Fuel AI Operations
Meta is considering collaborations within the nuclear energy sector due to the energy demand of AI infrastructure. To propel its data centers with scalable, carbon-free energy, it is providing prices and seeking to merge its AI ambitions with sustainability goals.
4. Circle Stock Skyrockets 167% After IPO Debut
Circle, a firm that creates a stablecoin, joins the stock exchange. On its first trading day, the Circle share price jumped by 167%. According to the firm, the IPO indicates strong investor confidence for blockchain-based financial infrastructure, and this goes especially for the USDC stablecoin of Circle.
