0
0
Daily Brief

AI Needs Crypto’s Values

gm Bankless Nation, Nvidia became a $3 trillion company today, but AI's future is just getting started. It will need some help from crypto.
0
0
Jun 5, 20243 min read
AI Needs Crypto’s Values
Published on June 5, 2024
View in Browser

Sponsor: Puffer Finance — Supercharge your ETH Staking on the First-Ever Decentralized Liquid Restaking Protocol.

.  .  .
NEED TO KNOW
Celeb Memecoin Controversy
  1. 🗣️ Vitalik 'Unhappy' with Celebrity Memecoin Experiments. Vitalik shares frustration with current celebrity projects like Iggy Azalea memecoin.
    Read more on Bankless.com
  2. 💳 Coinbase Debuts Smart Wallets. Smart contract wallets are coming to Coinbase, bringing easier onboarding with them.
    Read more on Bankless.com
  3. 🇺🇸 Biden Called on to Act in Binance Exec's Nigerian Detention. After 3 months in detention, Gambaryan gets lawmakers' attention.
    Read more on Bankless.com
.  .  .
TODAY IN MARKETS
The Cutting Edge for Rates
Bankless Author: Jack Inabinet

📊 Cuts Are Coming! After two rough years combating inflation through higher interest rates, global central banks are finally beginning the rate cut process! How will this developing trend impact your investment portfolio in the coming months?

Prices as of 4pm ET 24hr 7d
Crypto $2.65T ↗ 1.7% ↗ 5.2%
BTC $71,255 ↗ 1.3% ↗ 6.0%
ETH $3,875 ↗ 2.0% ↗ 3.3%
.  .  .
ANALYSIS
Why AI Needs Crypto’s Values
Bankless Author: Arjun Chand

The tech industry's dreams of an AI revolution have always been a double-edged sword. Unleashing AI could solve humanity’s biggest challenges, but it could also concentrate power in dangerous ways.

That's where crypto and blockchain come in. The same values that make crypto cool can help make AI better. These values can help build a fairer, safer, and more open future for AI.

Here’s why the AI industry needs crypto’s magic 👇


FRIEND & SPONSOR: PUFFER FINANCE

Stake your ETH with Puffer on Ethereum and unlock enhanced rewards with native Liquid Restaking Tokens (nLRTs) in Chapter 4 of the Crunchy Carrot Quest. Enjoy boosted Puffer & EigenLayer points, exclusive partner project airdrops, staking yield, and boosted DeFi integrations. Empower your ETH staking now!

.  .  .
LATEST POD
When Will We Go Parabolic?

After 3 months of flat crypto prices, people are asking, “Where are we in the cycle?"

But what if the real bull hasn't even started yet?

How big of an impact can the ETH ETFs really have, and can they really take us to the coveted.... Banana Zone?

All of that and more on this week's episode of Bankless Takes 👇

.  .  .
GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.