The possibility of a rate hike at the Federal Reserve's meeting on July 29 is 40.6%.

On June 19, CryptoQuant founder Ki Young Ju posted to social media, warning that Bitcoin’s biggest current risk isn’t a sharp price crash—it’s long-term consolidation leading to a "boring market." He believes this kind of stagnation, even without a major pullback, will slowly erode the market’s core narratives and investor confidence, ultimately hurting demand and Bitcoin’s institutional premium structure. He further noted that the capital model powering Michael Saylor’s STRC isn’t vulnerable to short-term price drops; instead, it faces pressure from this long-term stagnant market. Without a strong bullish narrative to back it up, MicroStrategy’s (MSTR) market premium could get squeezed, creating bigger hurdles for its ongoing financing and Bitcoin-buying strategy. Ju stressed that the core driver behind every Bitcoin cycle has always been updates to its bullish logic narrative—not just price performance. Looking back over the past decade, Ju pointed to key Bitcoin narratives that ha

On June 19, New York-based startup General Intuition is in talks to raise roughly $3 billion, as the company develops a foundational model designed to train AI agents to move and act within spatial and temporal contexts. This fundraising round arrives just eight months after General Intuition spun out from Medal, a gaming video-sharing platform. At the time of that spinout, the startup completed a $134 million seed round. If this latest round is successful, General Intuition’s valuation will rise to over $20 billion. Sources with direct knowledge of the matter say the company has attracted support from investors including Jeff Bezos and Eric Schmidt, along with existing backers Khosla Ventures and General Catalyst. General Intuition was founded and is led by Pim de Witte, a Medal co-founder. It operates alongside co-founders Eloi Alonso, Adam Jelley, and Vincent Micheli—all researchers focused on world modeling and simulation technology. To access the original article and join Bloc

June 19: Traders report that this week, amid positive global market sentiment post the Iran deal, Turkey’s central bank purchased $10 billion in foreign exchange reserves. (FXStreet)

June 19, 2024 — The U.S. Federal Energy Regulatory Commission (FERC) issued a unanimous order Thursday mandating that the nation’s six major grid operators speed up interconnection requests from data centers and other large electricity users. Per the rule, grid operators must demonstrate that data centers can connect to the transmission system in a timely, orderly fashion, with data centers responsible for covering all associated interconnection costs. The full unanimous approval from FERC commissioners signals a clear push to reduce bottlenecks for high-power-demand facilities. FERC also moved to support grid technology startups by directing operators to evaluate “alternative transmission technologies.” Though not explicitly named in the order, this category could cover innovations like solid-state transformers or superconductive transmission lines. Operators face tight compliance deadlines: they must submit a report within 30 days outlining any available generation redundanc

June 19th — According to Bloomberg, Meta Platforms Inc. has struck a new agreement with data center developer Crusoe to acquire artificial intelligence (AI) computing power, reinforcing the infrastructure needed to support the company’s ambitious AI expansion efforts. Sources with direct knowledge of the deal (who requested anonymity due to the sensitivity of the negotiations) revealed Meta has signed a contract to purchase computing capacity from two of Crusoe’s data centers, located in Childress, Texas, and Warrenton, Missouri, respectively. Combined, these two facilities will provide Meta with roughly 1.6 gigawatts of computing power. For perspective, one gigawatt of electricity is equivalent to powering approximately 750,000 U.S. households. Want to stay updated on global AI hot topics around the clock? Click the original article link below to join BlockBeats’ Feishu AI News Channel.

June 19 — According to Bloomberg, Standard Nuclear Inc., a nuclear reactor fuel manufacturer based in Oak Ridge, Tennessee, has filed for an initial public offering (IPO) as surging power demand fueled by the artificial intelligence boom drives its move to go public. In documents submitted to the U.S. Securities and Exchange Commission (SEC), the company reported a net loss of $7.71 million and revenue of $593,800 for the three months ended March 31. This compares to a net loss of $8.29 million and revenue of $377,900 in the same period last year. Click the link below to view the original article and join BlockBeats’ Feishu AI News Channel, which tracks global AI trends and news around the clock.