Instantly skyrocketing XMR trading volume surges by 5 times

[Cerebras Releases First Earnings Report, Revenue Exceeds Expectations but Stock Drops 11% After Hours] According to CoinDesk, AI chip manufacturer Cerebras released its first earnings report following its IPO. First-quarter revenue reached $193.4 million, a year-over-year increase of 92%, with an adjusted net loss of $2.5 million, better than analysts' expected loss of $36.75 million. Cerebras projected a core gross margin of 36%-38% for the second quarter, lower than the first quarter's 46.5%, and provided second-quarter revenue guidance of $194 million. Cerebras completed its $6 billion IPO in May at $185 per share, with the stock price once rising to $385. In after-hours trading, the stock was priced at $201.55, down 11% compared to the previous day's closing price.

[Ethereum Community Discusses Proposal to Redirect Staking Rewards, EthLabs Gains Institutional Support] According to Cointelegraph, Kleros co-founder Clément Lesaege has proposed a Validator Redirected Revenue mechanism to redirect 0-10% of validator staking rewards for ecosystem funding. Based on current staking levels, a 5-10% allocation could generate approximately 50,000 to 70,000 ETH annually, equivalent to around $82.5 million to $115.5 million. EthLabs has gained support from institutions such as BitMine, Sharplink, and ConsenSys founder Joseph Lubin to provide off-chain funding pathways. The Ethereum Foundation is reducing its annual spending cap from 15% to 5% and laying off 54 employees. Bitwise analysts pointed out that if the annual funding gap is around $30 million, only 1.6% of staking rewards would be needed to cover it.

According to The Block, the US Department of Justice has seized a cloud computing account used by Cambodia's Huiwang Group, which is accused of being used to launder billions of dollars in cryptocurrency fraud proceeds. Assistant Attorney General A. Tysen Duva stated that the account provides technical support for the transfer and concealment of fraudulent funds through Southeast Asian fraud centers. This operation is part of the 'Torrent Operation', in which a subsidiary of Huiwang is suspected of assisting criminals in transferring funds from illegal activities such as investment fraud and cyber theft, and injecting them into the legitimate banking system, with a large number of theft activities related to North Korea.

The summary of the June policy meeting of the Bank of Japan shows that a member stated that inflation expectations have shifted, and negative real interest rates have led to an increase in loans, commercial paper issuance, and asset prices.

1. BlackRock deposits over $200 million in BTC and ETH into Coinbase, recommends portfolio allocation of 1-2% in Bitcoin 2. Trump: 19 million barrels of oil flow through the Strait of Hormuz, falling oil prices make the world safer 3. The initial value of the US June composite PMI rose to 52.2, while the initial value of the manufacturing PMI reached 55.7 4. The US stock market fell at the opening, with the Nasdaq down 627 points and the S&P 500 down 1.54% 5. Zhao Changpeng said that the price of Bitcoin at $60000 is at a low level, and he is optimistic about the long-term adoption of cryptocurrency 6. Samson Mow: BSTR is about to purchase over 23000 BTC, with a total holding of 53500 BTC 7. A16z associated wallet withdrew 12780 ETH worth $21.22 million from Binance The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/541115