COCO News! The Vatican Launches NFTs, AI Avatars on TikTok, and Nvidia Becomes the World’s Most Valuable Company
COCO PAY has prepared a digest of the most relevant web3 news from the past week. Find out what you might have missed!
Changpeng Zhao Controls 64% of BNB
Binance cryptocurrency exchange founder Changpeng Zhao (CZ) owns 64% of the total BNB supply — almost 94 million BNB, equivalent to approximately $57 billion.
USA Urges Increased Competition with China through Stablecoin Development
Paul Ryan, former Speaker of the U.S. House of Representatives, emphasized the need to promote stablecoins at the legislative level, highlighting that these assets can increase the attractiveness of American bonds.
AI Avatars in TikTok Ads
TikTok announced the introduction of generative AI avatars for content creators and actors, intended for use in advertising campaigns and brand promotion.
Chinese Scientists Create the World’s First AI Commander for Military Management
At the Joint Operations College of the National Defense Academy of the People’s Liberation Army of China (PLA), a virtual commander based on artificial intelligence was developed. This AI can simulate the behavior of real commanders on the battlefield.
SEC Ends Investigation Regarding Ethereum’s Status
The SEC’s Enforcement Division made this decision after receiving a letter requesting clarification of the asset’s status when approving spot ETH-ETFs.
Nvidia Becomes the World’s Most Valuable Company with a Market Cap of $3.33 Trillion
On June 18, 2024, Nvidia claimed the top spot among companies with a market capitalization of $3.33 trillion, surpassing giants like Microsoft and Apple.
The Vatican Library Launches Its NFTs
The Vatican Apostolic Library, in collaboration with NTT DATA, announced the launch of a new Web3 project aimed at digitizing and preserving ancient manuscripts.
More news coming soon. COCO PAY – always on the same wavelength with you.
