The Blockchain Group, recognized as Europe’s pioneering Bitcoin reserve firm, has strategically expanded its digital asset portfolio by investing 60.2 million euros (around 68.77 million US dollars) to purchase 624
Fundstrat co-founder and chief investment officer Tom Lee made remarkable assessments on the general state of the markets, inflation, interest rates and especially Bitcoin in his “Squawk Box” program on CNBC. While Lee maintained his year-end target for the S&P 500 at 6,600 points, his most notable statements were about Bitcoin. Tom Lee described Bitcoin's current movement as “consolidation” and stated that the market has already reacted to the increase in global liquidity and the expectation of a more dovish FED in 2025. Stating that this situation creates strong support for BTC, Lee said, “Bitcoin is an asset that is sensitive to liquidity. Liquidity is increasing in the world right now and this is an upward signal for Bitcoin.” Lee also made the following striking statement, citing Bitwise’s statistics: “95% of the Bitcoin supply has already been mined. However, 95% of the world's population does not yet own BTC. This creates a huge demand-supply imbalance for the next 10 years.” Related News: Massive XRP Move from Chinese Company - “300 Million Dollar Treasury...” Lee stated that Bitcoin could reach levels of $150,000 to $250,000 this year. Tom Lee thinks that Bitcoin is a more valuable asset compared to gold. The market value of gold is around $23 trillion. If this value is reflected in Bitcoin, Lee calculated that a single Bitcoin could reach $1.2 million, and went further and said: “I think BTC, in the long run, can go up to $2 million or even $3 million. Even higher.” *This is not investment advice. Continue Reading: Leading Economist Tom Lee Presents Updated Bitcoin Price Forecast: “$250,000 This Year, But Long Term…”
The ARK 21Shares Bitcoin ETF (ARKB) is set to execute a 3-for-1 stock split on June 16, aiming to enhance share accessibility and stimulate trading activity. This strategic move comes
Tether’s accumulation of over 100,000 BTC signals a strategic pivot towards becoming a sovereign-grade crypto treasury, leveraging its massive U.S. Treasury holdings. By capitalizing on rising yields, Tether transforms passive
Solana’s top meme coin Bonk has officially entered the GameFi arena with the launch of Bonk Arena. Bonk ( BONK ) announced the official launch on a June 2 post on X. Bonk Arena, a fast-paced, kill-to-earn shooter game, was developed by Bravo Ready, the creators of the Solana-based extraction game BR1: Infinite. Now available on web browsers and the Phantom Wallet mobile app, the game is Bonk’s first officially licensed gaming product and a significant step toward increasing the utility of its ecosystem. https://twitter.com/bonk_inu/status/1929584864195387795?s=46&t=nznXkss3debX8JIhNzHmzw Players must pay 10,000 BONK, about $0.17, to enter Bonk Arena, which uses a “pay-to-spawn, win-to-earn” strategy. After defeating opponents, players get their initial investment back, minus a variable service fee that ranges from 0% to 10%. The Bonk team will give early adopters extra incentives from a $10,000 BONK reward pool during the first 30 days. The game features top-down pixel-art aesthetics, unlockable characters, and NFT loot boxes, with future updates promising new content. Half of all revenue will be directed to BONK token burns, ecosystem rewards, and Bonk for Paws, the project’s animal-focused charity. The remaining 50% will be used to buy back the READY token, as part of the agreement with Real Money Gaming. You might also like: BONK acquires Exchange Art, plans new leadership and features BONK seems to have gained new attention as a result of the launch. Over the last day, the token has increased by 5%, and trading volume has risen by almost 40% to exceed $160 million. Coinglass data shows that while derivatives volume increased 20% to $42.76 million, open interest fell 7%. This signals that even though more traders are entering the market, some might be taking profits or delaying directional bets for the time being. From a technical perspective, BONK is still struggling to break past resistance around $0.0000195. At 43, the relative strength index indicates neutral momentum with a slight bearish tilt. BONK price analysis. Credit: crypto.news The downward pressure is further supported by the fact that BONK remains below its significant short- and mid-term moving averages, such as the 10, 20, and 50-day MAs. Bollinger Bands show the price hugging the lower band, which is frequently a sign of a bounce or an imminent breakdown. A bullish reversal would require BONK to reclaim levels above $0.0000195 and flip several moving averages into support. In that case, a move toward May’s highs could follow. But if the price falls below the $0.000018 zone, downside risk opens up toward the $0.000015 area, where the 100-day simple moving average sits. For now, the game launch hype may keep interest high, but the chart suggests BONK needs stronger momentum to decisively shift sentiment in its favor. Read more: White House in the memecoin business — and the SEC’s not watching
BitcoinWorld Strategic Salesforce Acquisition Boosts AI Hiring Capabilities In the rapidly evolving landscape where technology giants are aggressively pursuing artificial intelligence advancements, a significant development relevant to anyone following the tech market, including those in the cryptocurrency space, is the recent Salesforce acquisition of Moonhub. This move underscores the increasing integration of AI into core business functions, particularly in talent management and recruitment. Understanding the Strategic Salesforce Acquisition Salesforce, a major player in customer relationship management and cloud software, has quietly completed its purchase of Moonhub. Moonhub is a startup specializing in building sophisticated AI tools specifically designed for vetting and hiring talent. While the exact financial terms of the deal were not disclosed, the strategic intent is clear: Salesforce is strengthening its enterprise AI offerings. Moonhub announced the acquisition on its website, confirming that its entire team based in Menlo Park, California, will be joining Salesforce. Interestingly, Salesforce was already an early investor in Moonhub, indicating a pre-existing relationship and confidence in the startup’s technology and vision. As Moonhub CEO Nanxy Xu stated, “As a customer and investor, Salesforce has already played a role in Moonhub’s journey. From our earliest conversations, it [was] also clear that our companies share deep core values like customer trust, along with a resolute conviction in the role AI agents will play in unlocking an era of global innovation and opportunity.” What Does Moonhub Bring to Salesforce AI? Founded in 2022 by Nanxy Xu, a former Meta engineer, Moonhub developed a suite of AI-powered tools aimed at streamlining the recruitment process. These tools are designed to assist companies with: Automatically identifying suitable candidates for open positions. Reaching out to potential hires. Assisting with administrative tasks such as onboarding and payroll management. This focus on AI hiring automation aligns perfectly with Salesforce’s broader strategy to embed AI across its product portfolio. By integrating Moonhub’s capabilities, Salesforce can offer its enterprise customers more advanced and efficient solutions for managing their workforce needs, from initial contact to integration into the company. Salesforce’s Recent Acquisition Spree: A Trend? The Moonhub deal is not an isolated event but part of a series of significant acquisitions by Salesforce. This pattern highlights the company’s aggressive push to expand its capabilities, particularly in data management and artificial intelligence. Consider these recent moves: Just last week, Salesforce finalized its substantial $8 billion acquisition of Informatica, a company known for its data management solutions. This acquisition is crucial for enhancing Salesforce’s ability to handle and process large volumes of data, which is essential for effective AI applications. The previous month, Salesforce acquired Convergence.ai, another startup focused on automation. This purchase was specifically aimed at bolstering Salesforce’s existing AI product offerings, adding more automation capabilities to its platform. These combined startups acquisition activities paint a clear picture of Salesforce’s strategic direction: building a more robust, data-rich, and AI-driven platform for its enterprise clients. Moonhub’s Background and Impact Before the Salesforce acquisition , Moonhub had already gained traction in the market. According to Crunchbase data, the company had successfully raised $14.4 million from notable investors including Khosla Ventures, AIX Ventures, Day One Ventures, GV (formerly Google Ventures), and Salesforce itself. This funding round underscores the market’s belief in the potential of AI in transforming human resources. Moonhub CEO Nanxy Xu mentioned that the company serves hundreds of customers, including Fortune 500 companies. This established customer base and proven technology are valuable assets that Salesforce gains, allowing them to accelerate their AI strategy significantly. Xu noted, “By joining Salesforce, we are accelerating our mission in this next chapter. Moonhub’s talented team will play a key role in advancing Salesforce AI strategy.” The Growing Role of AI in Hiring The trend of integrating AI into hiring and HR processes is rapidly accelerating, despite some mixed reactions from job seekers regarding automated systems. The Moonhub acquisition is a prime example of this broader industry shift. Data supports this trend: a recent Gallup poll indicated that a significant 93% of Fortune 500 chief human resource officers are already incorporating AI tools and technologies to improve their practices. AI is being used for everything from initial candidate screening and resume analysis to scheduling interviews and even predicting candidate success. While AI offers significant potential benefits like increased efficiency, reduced bias (if designed correctly), and better candidate matching, challenges remain in ensuring fairness, transparency, and maintaining a positive candidate experience. Nevertheless, the market momentum, highlighted by this and other recent acquisitions in the space, suggests that AI will become an indispensable part of the future of work and talent acquisition for enterprise AI users. Conclusion: What This Means for the Enterprise AI Landscape Salesforce’s acquisition of Moonhub is a strategic move that strengthens its position in the competitive enterprise AI market. By integrating Moonhub’s specialized AI hiring tools, Salesforce is enhancing its platform’s ability to provide comprehensive solutions for businesses, from managing customer relationships to acquiring the talent needed to serve them. This Salesforce acquisition , alongside its other recent deals, signals a clear commitment to leveraging AI and data management to drive growth and deliver greater value to its customers. As AI continues to mature and find new applications, we can expect to see more such strategic consolidations as companies vie for leadership in this transformative technological era. The integration of AI into fundamental business processes like hiring is not just a trend; it’s becoming a standard expectation for large enterprises. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. This post Strategic Salesforce Acquisition Boosts AI Hiring Capabilities first appeared on BitcoinWorld and is written by Editorial Team
ConSensys has acquired Web3Auth, which it says will help it improve the user experience for its popular MetaMask crypto wallet.
Sky Protocol’s governance token, SKY, has experienced a significant price surge following the launch of staking rewards, marking a pivotal moment for the rebranded DeFi platform. The introduction of USDS
Bitcoin started the Asian session positively, regaining weekend losses. Japan's bond yields show stronger correlation with Bitcoin than U.S. Continue Reading: Bitcoin Surges While Geopolitical and Economic Risks Loom The post Bitcoin Surges While Geopolitical and Economic Risks Loom appeared first on COINTURK NEWS .
At the recent Reagan National Economic Forum in California, JPMorgan Chase CEO Jamie Dimon emphasized a strategic shift away from digital assets, advocating for the accumulation of traditional defense resources