SEC is Suing Metamask? (here we go again...)

July 1st, 2024

One of the biggest areas that will be impacted by AI over the coming years is investing. I’ve been using AI-driven trading bots for the last several years now to invest my money.

If you want to learn more about them…check this out. 

Read Time: 10 Minutes

Today’s Menu

  • Apple’s Vision Pro Gets Smarter — But Is It Enough?

  • Bitcoin Holds Steady, Solana Surges, and Trump Favored for 2024

TODAY IN VR

Apple’s Vision Pro Gets Smarter — But Is It Enough?

Apple is reportedly integrating its new AI features from the Apple Intelligence initiative into the Vision Pro headsets, according to Bloomberg. Initially announced for Mac, iPhone, and iPad during WWDC, Apple Intelligence will now enhance the Vision Pro, although these capabilities won’t arrive this year. The suite includes an improved Siri, writing tools, and an OpenAI-powered chatbot.

Despite efforts to boost Vision Pro sales, the rumored Apple-Meta partnership remains off the table, with Apple showing no interest. The Vision Pro’s advanced AI features could revolutionize user workflows, but the high price tag remains a significant barrier. Potential buyers might need to see a price cut before fully embracing the new tech, no matter how innovative it is.

Here’s our take on the current state of VR: Apple and Meta have failed to establish a mass-market use case for VR and it will never truly work until they’re able to do so. VR is great for gaming, but it isn’t great for work. Or general day to day life.

Social media platforms broke through because it allowed people to be plugged into their social life 24/7.

The iPhone broke through for similar reasons.

Not everyone wants to game 24/7 (in fact most of the world doesn’t game). Until Apple and Meta find a way around this, we don’t see any legitimate progress being made with the VR userbase.

Today In Crypto

Bitcoin Holds Steady, Solana Surges, and Trump Favored for 2024

Bitcoin remains steady above $61,000, awaiting the Fed's core PCE inflation data. Economists expect inflation to slow to 2.6% in May, still above the Fed's 2% target. A lower-than-expected figure could boost cryptocurrencies, according to analyst Valentin Fournier.

Solana's SOL token outperformed Ethereum’s ETH after VanEck filed for a Solana Trust. VanEck's Matthew Sigel argued SOL functions like digital commodities, predicting a bullish trend for the SOL/ETH ratio.

Blockchain bettors showed skepticism toward Biden’s debate performance, pushing Trump's odds to 67%. A potential Trump win might bring favorable crypto regulations, encouraging further industry growth, according to Bitfinex analysts.

In other news…

The SEC just filed a lawsuit against Consensys (the company behind Metamask). The SEC is claiming that Metamask’s staking services are actually securities.

This seems like a bit of a longshot in our opinion (especially since ETH was just categorized as a commodity).

Sovereign is the official clothing brand of Future of Disruptive Tech. Sovereign’s goal is to bring awareness to the importance of:

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