Nike is facing a class action lawsuit after abruptly shutting down its crypto-focused subsidiary, RTFKT, leaving investors with significant losses tied to Nike-themed NFTs and digital assets. Plaintiffs, led by Australian investor Jagdeep Cheema, allege they were misled into buying what they now claim were unregistered securities, only to see their value collapse after Nike
COINOTAG News, April 30th: On April 29th, U.S. President Trump enacted a new proclamation aimed at providing financial incentives for automakers engaged in the import of car parts or the
The UK introduced a proposal for a comprehensive crypto asset regulatory framework. Collaboration with the US highlights the importance of international cooperation in adoption. Continue Reading: UK Steers New Crypto Regulations to Shape the Asset’s Future The post UK Steers New Crypto Regulations to Shape the Asset’s Future appeared first on COINTURK NEWS .
We take a look at the new Meta AI app, which brings Llama 4-powered tools to mobile and desktop with voice, memory, and more.
Market's boundaries being pushed
Traders should not immediately short the VIRTUAL token after seeing the bearish divergence on the MFI.
In the fast-evolving world of artificial intelligence, major tech players are constantly innovating and competing for user attention. This drive for innovation is particularly relevant to anyone following the digital landscape, including those in the cryptocurrency space who understand the value of technological advancement and data control. Meta, the parent company of Facebook and Instagram, has made a significant move by launching its own Meta AI as a standalone application, stepping directly into the ring with established players like OpenAI’s ChatGPT. What is Meta’s New Standalone AI App? Building upon its strategy of integrating AI across its popular platforms like WhatsApp, Instagram, Facebook, and Messenger, Meta has now introduced a dedicated application for its AI Assistant . Unveiled during the LlamaCon event, this move allows users to access Meta AI capabilities outside the confines of Meta’s social media ecosystem, much like users access other AI assistants via their dedicated apps. The creation of a Standalone AI App signals Meta’s ambition to be a central hub for AI interaction. While the integrated AI is convenient within its existing apps, a standalone version suggests Meta wants AI to be a primary tool for users, available whenever and wherever they need it, regardless of whether they are actively using a Meta social product. How Does Meta AI Leverage User Data for Personalization? One of the key differentiators Meta is highlighting for its Generative AI assistant is its ability to offer personalized responses. Unlike many general-purpose AI models, Meta AI can potentially draw on information users have already shared across Meta’s products. The company states the AI can “[draw] on information you’ve already chosen to share on Meta products,” such as your profile details and the content you engage with. This approach aims to make the AI’s responses more relevant and tailored to the individual user. For example, if you frequently interact with content about hiking on Instagram, the AI might incorporate this interest into suggestions or conversations. Furthermore, users have the option to explicitly provide Meta AI with information to remember for future interactions. Telling the AI you have a specific dietary restriction, for instance, could influence its recommendations for activities or dining, making the interaction feel more personal and helpful. Initially, these personalized features are available in the US and Canada. Addressing Data Privacy Concerns with Meta AI The ability of Meta AI to leverage user data, while potentially enhancing personalization, also brings inherent Data Privacy considerations to the forefront. Meta’s business model heavily relies on targeted advertising powered by vast amounts of user data collected across its platforms. When users interact with the standalone AI app, they are sharing information directly with a company whose core revenue stream is data monetization. Users should be mindful of how the data shared with the AI chatbot might be used. While Meta states the AI draws on information users have “chosen to share,” the context of sharing data with an AI for personalized responses adds another layer to the ongoing discussion about user data ownership, transparency, and control. This is a particularly sensitive topic for those interested in decentralized technologies like cryptocurrency, which often emphasize user sovereignty and control over personal information. Exploring Features: The Discover Feed and Social Sharing Beyond its core function as an AI Assistant , Meta’s new standalone app includes a ‘Discover’ feed. This feature allows users to share examples of how they are using the AI with their friends. A mockup image provided by Meta shows a user asking the AI to describe them using three emojis and then sharing the result to this feed. Importantly, sharing interactions to the Discover feed is entirely opt-in. Users retain control over whether their conversations or AI-generated content are made public within the app’s social component. This feed could potentially amplify certain trends in Generative AI usage, mirroring how trends spread on social media platforms. However, the inclusion of a social feed in an AI utility app has also drawn comparisons to other apps that have controversially added social features, raising questions about whether such a feature is necessary or beneficial for a productivity/utility tool. Conclusion: A New Front in the AI Race Meta’s launch of a dedicated Standalone AI App marks a significant escalation in the competition among tech giants in the artificial intelligence space. By positioning Meta AI as a direct competitor to services like ChatGPT and leveraging its extensive user data for personalization, Meta is attempting to carve out a unique niche. While the promise of a highly personalized AI Assistant is appealing, the implications for Data Privacy remain a critical point of discussion, especially given Meta’s history and business model. The inclusion of social features like the Discover feed also adds an interesting, albeit potentially debated, dimension to the app’s design. As the landscape of Generative AI continues to evolve, Meta’s bold move demonstrates the increasing importance companies place on making AI accessible and integrated into users’ daily digital lives. To learn more about the latest AI market trends, explore our article on key developments shaping AI features.
A closely followed analyst believes that the crypto markets are primed for a corrective move following strong rallies over the past couple of weeks. Pseudonymous analyst Altcoin Sherpa tells his 245,200 followers on the social media platform X that he thinks “a dip is going to come soon,” but he doesn’t see any reason to be super bearish once the correction takes place. According to the analyst, a correction should provide an opportunity for investors to enter the crypto market before another leg up. Should a marketwide pullback materialize, Altcoin Sherpa says he plans to accumulate five altcoins. “Coins I want to buy: BONK ($0.00001600s) Fartcoin ($0.85) POPCAT ($0.33) HYPE ($15-$16s) GUN ($0.055s) Loads of others too, but those are on my short list for now.” Looking closer at the memecoin Fartcoin, the trader notes that FART needs to stay above $1.05 to witness new rallies. Otherwise, he thinks the altcoin could fall to as low as $0.8. “Fartcoin: wouldn’t be surprised to see this pullback a little bit here, but don’t forget that hot air rises in the end. Three different scenarios, all mostly dependent on BTC, frankly. I think this just continues up.” Source: Altcoin Sherpa/X Based on the trader’s chart, he seems to suggest that FART can rally to as high as $1.40. At time of writing, FART is worth $1.09. Turning to fellow memecoin Bonk ( BONK ), Altcoin Sherpa thinks that the altcoin looks really strong. “The chart itself still looks fire.” Source: Altcoin Sherpa/X At time of writing, BONK is trading for $0.00002, up over 10% on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Predicts Marketwide Crypto Pullback, Lists Five Altcoins To Watch Along With Downside Price Targets appeared first on The Daily Hodl .
Trump Media and Technology Group, the social media conglomerate backed by US President Donald Trump, is considering integrating a crypto token and wallet into its video streaming site, Truth+. "We're exploring the introduction of a utility token within a Truth digital wallet that can initially be used to pay for Truth+ subscription costs, and later be applied to other products and services in the Truth ecosphere," Trump Media CEO Devin Nunes wrote in an April 29 letter to shareholders. He added that the crypto token and wallet would be part of a rewards program that Trump Media is exploring across its services, which include the social media platform Truth Social and the financial services platform Truth.Fi. Trump Media first signaled plans for a potential crypto payments venture last November when it filed a trademark application with the US Patent and Trademark Office for computer software designed to function as a digital wallet, enable digital asset trading and process crypto payments on Truth.Fi. Source: Cointelegraph Truth+ launched in October, offering movies and shows mainly targeting a politically conservative audience. Trump Media signed a binding agreement with the crypto exchange Crypto.com and asset manager Yorkville America Digital to launch exchange-traded funds (ETFs) that will include crypto and stocks “with a Made in America focus” to launch on Truth.Fi. The company said in January that it plans to invest up to $250 million of its cash reserves into a range of financial products, including Bitcoin ( BTC ) and other crypto tokens or crypto-related securities, which would be custodied by asset manager Charles Schwab . More potential for conflict of interest The launch of a Trump Media utility token would only heighten concerns about the president’s crypto-related ventures potentially conflicting with his duties. Trump, however, transferred his 59% stake into a trust last December. Related: Trump’s first 100 days ‘worst in history’ despite crypto promises Trump has also been criticized for backing the crypto platform World Liberty Financial , where he’s named the firm’s “Chief Crypto Advocate” and draws a portion of its profits. Some senators have raised concerns that Trump’s influence on policy could benefit World Liberty, which is 60% owned by the Trump family. Trump also received backlash for the controversial launch of his memecoin, Official Trump (TRUMP), on Jan. 18 — just two days before he re-entered the White House. Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions
The world of artificial intelligence is moving at lightning speed, and for those tracking the crypto and tech markets, keeping an eye on major players like Meta is essential. This week, Meta is hosting its first-ever LlamaCon AI developer conference. The goal? To convince AI Developers to build their next big applications using Meta’s open Llama Models . Why LlamaCon Matters for Meta AI Just a year ago, pitching developers on Llama was straightforward. Meta’s Llama 3 family, especially the Llama 3.1 405B model, was seen as a top performer among openly available models, even rivaling models like OpenAI’s GPT-4o at the time. This success made Meta a favorite among AI Developers , offering strong performance with the flexibility of open models. However, recent months have seen Meta struggle to maintain this lead. Competition from both ‘open’ labs like DeepSeek and commercial giants like OpenAI has intensified. LlamaCon is a critical moment for Meta to demonstrate its commitment and capabilities in building a robust Llama ecosystem. Challenges Facing Llama Models Today The reception to the recent Llama 4 family has been notably different from Llama 3. Jeff Boudier from Hugging Face noted that Llama 3.3 is still downloaded more often than Llama 4. What happened? Underwhelming Performance: Llama 4’s benchmark scores came in below some competitor models, including DeepSeek’s R1 and V3. This was a shift from Llama’s previous position at the forefront. Benchmarking Controversy: A specific version of Llama 4 Maverick optimized for conversationality performed well on the LM Arena benchmark but was never broadly released. The released version performed worse. This incident led to concerns about transparency and impacted developer trust. Ion Stoica, an LM Arena co-founder, highlighted this loss of trust, stating Meta needed to be clearer. Missing Reasoning Model: The Llama 4 release lacked a dedicated reasoning model, a type of AI model that works through questions carefully and often performs better on specific tasks. Many competitors have released such models, making Meta’s omission noticeable. Nathan Lambert, a researcher at Ai2, suggested this might indicate the Llama 4 launch was rushed. These issues have created pressure on Meta, especially as rival Open AI Models from labs like Alibaba (with their Qwen 3 family) are showing strong performance on various benchmarks. Winning Over AI Developers: What Meta Needs to Do To regain its position and strengthen the Llama Models ecosystem, Meta needs to deliver superior models. Ravid Shwartz-Ziv, an AI researcher at NYU, suggests this might require taking more technical risks and exploring new techniques. LlamaCon is Meta’s opportunity to address the recent setbacks and showcase upcoming advancements. The company needs to demonstrate that it can still produce boundary-pushing models that compete with the best from OpenAI, Google, xAI, and others. Winning back the trust and excitement of AI Developers is paramount for the future growth of the Llama platform. The Path Forward for Meta AI The conference provides a platform for Meta to communicate its roadmap, explain the Llama 4 decisions, and generate enthusiasm for future releases. Success at LlamaCon is not just about showcasing technology; it’s about rebuilding relationships and demonstrating that Meta is committed to leading in the open AI space. If Meta fails to deliver compelling updates and rebuild trust, it risks falling further behind in this highly competitive field. To learn more about the latest AI model trends, explore our articles on key developments shaping AI features and institutional adoption.