Aave has achieved a remarkable milestone by surpassing $40.3 billion in total value locked (TVL), asserting its dominance in the decentralized finance sector. This newfound achievement represents the highest recorded
In a significant move signaling a bold step into the future, Saudi Arabia is rapidly positioning itself as a major player in the global artificial intelligence landscape. This push is underscored by a recent announcement coinciding with the arrival of some of the world’s most influential tech figures. For those tracking shifts in global capital flows and technological innovation, especially within sectors like crypto and blockchain that often intersect with AI, this development from the Kingdom warrants close attention. What is the New Saudi Arabia AI Venture? At the heart of Saudi Arabia’s latest AI push is the launch of a new company named Humain. This initiative, spearheaded by Saudi Arabia’s ruler, Mohammed bin Salman, is designed to significantly bolster the country’s artificial intelligence sector. Humain’s primary objective is to build out critical AI infrastructure across the nation, which includes the ambitious construction of state-of-the-art data centers. These centers are essential for housing the vast computational resources needed to develop and run advanced AI models and applications. The timing of this launch is particularly noteworthy, aligning with a high-profile US-Saudi investment forum scheduled to take place. This forum is expected to feature prominent figures from the global tech industry, putting the spotlight firmly on AI and potential investment opportunities within the Kingdom. The Role of the Public Investment Fund Fueling the ambition behind Humain is Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF). The PIF is a financial behemoth, managing assets currently valued at around $940 billion. Its involvement is central to the Crown Prince’s broader strategy to diversify Saudi Arabia’s economy, reducing its long-standing reliance on oil revenues. The PIF has become a key source of capital for global technology companies. American tech giants, in particular, have increasingly looked to the wealthy fund for investment and collaboration opportunities. This isn’t the PIF’s first foray into the AI space; companies like Google and Salesforce have previously engaged with the fund on AI-related projects and investments, highlighting the PIF’s growing influence in the tech sector. Tech Leaders Saudi : A High-Profile Gathering The convergence of global tech leadership in Saudi Arabia this week adds another layer of significance to the Humain launch. Expected attendees at the US-Saudi investment forum include: Elon Musk (CEO of Tesla, SpaceX, xAI) Sam Altman (CEO of OpenAI) Mark Zuckerberg (CEO of Meta Platforms) The presence of these figures, who are at the forefront of AI development and application, underscores the forum’s focus on artificial intelligence. Their discussions and potential engagements in Saudi Arabia could pave the way for future partnerships and investments, further integrating the Kingdom into the global AI ecosystem. Additionally, President Trump is also preparing for a visit to the country this week as part of a regional tour, adding a geopolitical dimension to the gathering. Why is This AI Venture Important? The launch of Humain and the concurrent high-level tech gathering signify several key developments: Economic Diversification: It’s a concrete step in Saudi Arabia’s ‘Vision 2030’ plan to build a knowledge-based economy less dependent on oil. Infrastructure Development: Focusing on data centers lays the groundwork for hosting advanced AI research, development, and deployment within the country. Global Integration: Attracting top tech leaders and securing partnerships with global firms positions Saudi Arabia as a serious contender in the international AI race. Capital Deployment: The PIF’s significant funding demonstrates the financial muscle behind this ambition, making it a venture with substantial resources. This strategic move highlights Saudi Arabia’s determination to not just adopt AI technology but to become a hub for its development and application, potentially creating new economic opportunities and technological advancements. What Does the Humain AI Company Aim To Achieve? While specific project details are still emerging, the core mandate of the Humain AI Company appears to be foundational. By focusing on infrastructure like data centers, Humain is addressing a critical need for large-scale AI operations. Developing domestic AI capabilities, rather than solely relying on foreign providers, could give Saudi Arabia greater control over its technological future and potentially foster a local tech ecosystem. The involvement of the PIF suggests that Humain will be well-funded and strategically aligned with national goals. This could involve investments in AI research, talent development, and potentially even the creation of Saudi-specific AI applications tailored to local industries and needs. Looking Ahead The convergence of a major national AI company launch, substantial sovereign wealth fund backing, and the presence of global tech titans paints a clear picture: Saudi Arabia is making a significant play in the artificial intelligence arena. This strategic focus on AI infrastructure and attracting international collaboration could transform the Kingdom’s technological landscape and contribute to its economic diversification goals. The outcomes of the investment forum and the initial steps of the Humain AI Company will be closely watched by the global tech and investment communities. To learn more about the latest AI market trends, explore our article on key developments shaping AI features.
Aave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama. In an X post , Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol, has approximately $40 billion in TVL. Aave is a DeFi lending protocol that lets users borrow cryptocurrency by depositing other types of cryptocurrency as collateral. Meanwhile, lenders earn yield from borrowers. “With these milestones, Aave is proving its dominance in the Lending Space,” DeFi analyst Jonaso said in a May 12 X post . TVL represents the total value of cryptocurrency deposited into a protocol’s smart contracts. Aave v3’s TVL over time. Source: DeFiLlama Related: AAVE soars 13% as buyback proposal passes among tokenholders Breaking all-time highs In December, Aave achieved an all-time high TVL largely because the price of Ether ( ETH ) rose roughly 60% from the prior month. Ether and its staking derivatives make up nearly half of Aave’s TVL, according to data from DefiLlama. This time around, Aave’s all-time high TVL is also driven by inflows of deposits by users. In Ether-denominated terms, Aave’s TVL rose from around 6 million ETH at the start of 2025 to nearly 10 million ETH on May 12. Measuring TVL in ETH accounts for the impact of fluctuating cryptocurrency prices. Aave says its net deposits broke $40 billion this week. Source: Aave Before US President Donald Trump prevailed in the November election, Ether traded at less than $2,500. It peaked at almost $4,000 the following month, according to data from Google Finance. In the past month, Ether has also clocked substantial gains, rising from around $1,500 per Ether 30 days ago to roughly $2,500 as of May 12, according to data from Google Finance. The price of Aave’s native AAVE ( AAVE ) token has risen approximately 25% in the past seven days, reflecting a buoyant crypto market and ongoing TVL inflows, according to data from CoinMarketCap. Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K
TRUTH SOCIAL DENIES RUMORS OF NEW MEMECOIN LAUNCH: TRUTH
Crypto.com and Dubai's finance department are working together to make crypto payments a reality for the city's government.
With the rise of Solana-based meme coins, three tokens—HOTMOM, DOOD, and IKUN—are rapidly gaining popularity and traction in the crypto marketplace. Recent developments reveal that these new launches are not
Coinbase announced its inclusion in the S&P 500 index, boosting its market visibility. Following the announcement, COIN stock saw an 8% rise, reaching $224. Continue Reading: Coinbase Climbs to S&P 500 as Its Stock Price Surges The post Coinbase Climbs to S&P 500 as Its Stock Price Surges appeared first on COINTURK NEWS .
In the fast-paced world of AI and technology, where companies like OpenAI are shaping the future, it’s the unexpected details that often capture attention. A recent report from the Financial Times shed light on a rather unusual aspect of OpenAI CEO Sam Altman ‘s life: his cooking habits, specifically his use of olive oil. While seemingly trivial, this culinary anecdote has sparked a humorous debate, drawing parallels to the complex world of OpenAI Financials . What’s the Buzz About Sam Altman’s Kitchen? During a ‘Lunch with the FT’ feature, Sam Altman invited reporters into his kitchen, offering a rare glimpse into his personal life away from advocating for significant tech policy changes. He prepared a simple pasta dish and salad, using a popular, social media-friendly brand of olive oil known for its distinctive squeeze bottles. The humor arose when the FT observed Altman using the brand’s ‘drizzle’ oil – typically reserved for finishing dishes – for sautéeing in a hot pan, despite the readily available ‘sizzle’ variety designed for cooking being nearby. This particular brand markets two distinct oils: ‘Sizzle’: Designed for cooking and higher heat applications. ‘Drizzle’: A pricier, often more flavorful oil meant for finishing, like adding to salads or drizzling over cooked food. Using the ‘drizzle’ oil for frying is seen by some as inefficient, akin to using expensive ingredients improperly. The FT article playfully termed it an ‘offense to horticulture’ and a misunderstanding of the product’s intended use. Connecting the Dots: From Olive Oil to OpenAI Financials While a person’s olive oil preference might seem unrelated to their professional life, the article humorously connects Sam Altman ‘s perceived culinary inefficiency to the financial realities of his company. OpenAI , a leader in the AI space known for models like ChatGPT , has seen monumental growth and investment. Consider these points about OpenAI Financials : The company recently raised a significant amount in funding, reportedly valuing it around $40 billion. Despite massive funding, OpenAI has been reported to be losing substantial amounts of money, estimated around $5 billion last year. Even services like the premium ChatGPT Pro plan were reportedly losing money at one point due to high operational costs. The challenge for OpenAI, like many rapidly scaling tech companies, is finding a clear path to profitability amidst high research, development, and infrastructure costs (especially for computing power). The article playfully suggests that if one is prone to ‘wasting’ expensive resources in their personal life (like premium olive oil used incorrectly), perhaps it serves as a lighthearted, albeit non-scientific, metaphor for the challenge of managing large expenditures in a high-burn startup environment. What Does This Mean for AI News and OpenAI? This story, while humorous and focused on a minor personal detail, became a piece of viral AI News precisely because it involves a high-profile figure like Sam Altman and a company as significant as OpenAI . It highlights the intense scrutiny placed on tech leaders and their ventures, where even mundane habits can be analyzed and debated, sometimes in jest, sometimes with underlying serious questions about resource management and financial sustainability. Ultimately, Sam Altman ‘s choice of cooking oil is unlikely to impact the trajectory of OpenAI Financials or the development of models like ChatGPT . However, the anecdote serves as a relatable, humanizing moment for a figure often seen at the forefront of complex technological and regulatory discussions. It reminds us that even the leaders of multi-billion dollar AI companies navigate everyday tasks, occasionally with a surprising approach to culinary ingredients. The playful comparison between ‘burning’ expensive olive oil and ‘burning’ venture capital money is a lighthearted take on the very real challenges of scaling groundbreaking technology while striving for a sustainable business model. It’s a story that adds a touch of human interest to the often abstract world of artificial intelligence and corporate finance. To learn more about the latest AI news, explore our article on key developments shaping AI.
OP_RETURN is a Bitcoin script opcode enabling users to embed small, unspendable data within transactions, striking a balance between functionality and network efficiency. A recent proposal to lift its 80-byte cap has ignited discussion over Bitcoin’s role as a data carrier versus a streamlined payment system. Understanding OP_RETURN: Bitcoin’s Data Carving Tool OP_RETURN, added in
It is often the less visible projects, that this wave has been caused by, in a market dominated by meme coins, AI projects and institutional investments. The waves made under the names such as PEPE, TRUMP, and SOL have wreaked havoc in the first half of 2025 market, but an under-the-radar token is about to enter its own breakout. Unlike the erratic spikes associated with meme coins, MAGACOINFINANCE can be recognised as a slow, on purpose growth. Contrary to the general expectation, the project has stayed largely under the radar with its innovative combination of political storytelling and DeFi platforms. EARLY ACCESS ENDING SOON – ACT NOW By the beginning of May 2025, MAGACOINFINANCE still concentrates on its presale period with strong early support and growing floor in social and discord communities. Furthermore, MAGACOINFINANCE’s launch takes place during the time when traditional attitude towards altcoins is changing towards new stories and neglected assets. Are we seeing the incubation for a possible breakout even as summer 2025 approaches? MAGACOINFINANCE Sees Uptick in Activity as Traders Hunt Undervalued Narratives With the crypto market now progressing along risk-on lines, capital is being upscaled from undervalued top coins into assets that include the prospect of asymmetric growth. MAGACOINFINANCE is being heard of as a potential winner of this trend. Although it continues to exist in something of a low key manner as compared to highly publicized initiatives, it is getting more and more difficult to ignore its growing popularity. Presale Momentum Community Growth Low Correlation Asset MAGACOINFINANCE’s Token Dynamics Are Quietly Gaining Interest While the MAGACOINFINANCE presale initially gained traction among retail traders aligned with its ideological branding, a notable shift has occurred in recent weeks. Blockchain analytics reveal wallet inflows from mid-sized Ethereum addresses typically associated with early-stage investments and venture allocation wallets. This development suggests that beyond community enthusiasm, some deeper-pocketed entities may now be exploring exposure to the project. Though volumes remain modest, the pattern mirrors early phases of breakout coins from previous cycles that saw slow accumulation before vertical growth. New Tokenomics Model May Incentivize Longer-Term Holding Together with community control over liquidity, time-locked releases make MAGACOINFINANCE’s strategy effective when combating dumping. In contrast, this framework is meant to achieve stability in price and foster loyalty among early investors compared to the dynamic nature of price after launching so many meme coins. Also part of the initiative is a limited supply of tokens and open developer wallets, all an effort to gain trust from the community, something many tokens have struggled with lately. 5000% ROI STILL ON THE TABLE – ACT NOW Can MAGACOINFINANCE Join the Next Breakout Wave? Analysts Say Watch These Metrics As the altcoin rotation narrative starts to take off in mid 2025, market analysts increasingly watch developing coins that emerge and register early, moderate increases in on-chain activity. These watchlists have started to draw the attention of MAGACOINFINANCE. Social Signals: Since the last 3 weeks, MAGACOINFINANCE’s presence in Twitter/X has increased by more than 60%. Holder Distribution: Analysis shows that MAGACOINFINANCE has a well balanced holder platform that minimizes risks that are common in projects controlled by a few big holders. Engagement-to-Market Cap Ratio: Even with minimal engagement, MAGACOINFINANCE is showing engagement numbers that are comparable to breakout tokens like FLOKI and early stage TRUMP Coin that was in the market in 2023. Owing to the recent trend of favoring smaller, volatile tokens, MAGACOINFINANCE is now considered as probably the beneficiary of the rotation favoring these asset classes. Conclusion: Is MAGACOINFINANCE the Altcoin to Watch Before Summer? Recent study shows an increasing trend on crypto platforms with new narratives and low market capitalization, which promises great potential for growth. Despite still being prominent, KASPA, XRP, and PEPE are ones that are also widely owned and this means they are less likely to surprise new investors. In turn, however, MAGACOINFINANCE is set to soon be experiencing an earlier point in its cycle. If we should see further market excitement and buying pressure, this summer, around meme coins and altcoins, MAGACOINFINANCE has a potential for becoming one of the breakout stories of this summer. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X To learn more about MAGACOINFINANCE , please visit Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: This Altcoin Is Still Under the Radar — But May Be the Next Key Rotation Trade of the Cycle