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On May 31, according to The Information, Meta is establishing a new enterprise solutions division aimed at deploying engineers and product managers to enterprise client teams. This move is part of Meta's efforts to demonstrate to investors the rationale behind its substantial investments in artificial intelligence infrastructure.

[Meta Establishes New Enterprise Solutions Division]On May 31, according to The Information, Meta is establishing a new enterprise solutions division aimed at deploying engineers and product managers to enterprise client teams. This move is part of Meta's efforts to demonstrate to investors the rationale behind its substantial investments in artificial intelligence infrastructure.

Meta Establishes New Enterprise Solutions Division

The on-chain liquidity protocol Raydium has surpassed a cumulative trading volume of $1 trillion. The RAY token has been launched on two major consumer finance applications, Revolut and Robinhood. This month, the trading volume of tokenized equity on the protocol exceeded $1 billion, with U.S. listed stocks including Tesla and Nvidia being traded through Raydium's liquidity pools via xStocks and related issuer partnerships.

[Raydium's Cumulative Trading Volume Exceeds $1 Trillion]The on-chain liquidity protocol Raydium has surpassed a cumulative trading volume of $1 trillion. The RAY token has been launched on two major consumer finance applications, Revolut and Robinhood. This month, the trading volume of tokenized equity on the protocol exceeded $1 billion, with U.S. listed stocks including Tesla and Nvidia being traded through Raydium's liquidity pools via xStocks and related issuer partnerships.

Raydium's Cumulative Trading Volume Exceeds $1 Trillion

The on-chain liquidity protocol Raydium has surpassed a cumulative trading volume of over $1 trillion. The RAY token has been launched on two major consumer finance applications, Revolut and Robinhood. This month, the trading volume of tokenized equity on the protocol exceeded $1 billion, with U.S. listed stocks including Tesla and Nvidia being traded through Raydium's liquidity pools via xStocks and related issuer partnerships.

[Raydium's Cumulative Trading Volume Exceeds $1 Trillion]The on-chain liquidity protocol Raydium has surpassed a cumulative trading volume of over $1 trillion. The RAY token has been launched on two major consumer finance applications, Revolut and Robinhood. This month, the trading volume of tokenized equity on the protocol exceeded $1 billion, with U.S. listed stocks including Tesla and Nvidia being traded through Raydium's liquidity pools via xStocks and related issuer partnerships.

On May 31, Banca Sella completed the notification procedure submitted to the Italian banking authority in accordance with the European MiCA (Markets in Crypto-Assets) regulation, becoming the first bank in Italy authorized to provide crypto asset services, particularly related to the custody and transfer of digital assets.

[Banca Sella Receives Approval in Italy to Offer Crypto Asset Services]On May 31, Banca Sella completed the notification procedure submitted to the Italian banking authority in accordance with the European MiCA (Markets in Crypto-Assets) regulation, becoming the first bank in Italy authorized to provide crypto asset services, particularly related to the custody and transfer of digital assets.

Banca Sella Receives Approval in Italy to Offer Crypto Asset Services

This week, cryptocurrency exchange-traded funds (ETFs) continued to face pressure, with Bitcoin funds experiencing outflows for the tenth consecutive trading day, while Ethereum funds have seen outflows for 14 consecutive trading days. This week, the Bitcoin ETF had a net outflow of $125.31 million, marking its tenth consecutive day in negative territory. The Ethereum ETF also continued to decline, but the situation was more balanced compared to previous days, with a net outflow of $17.91 million, extending its decline to 14 consecutive trading days. The XRP ETF saw a net inflow of $11.88 million, with Bitwise's XRP product leading at $7.36 million. The HYPE ETF recorded an inflow of $9.5 million, all from 21Shares' THYP. The Solana ETF had a net inflow of $1.32 million.

[This Week's Bitcoin ETF Sees $125.31 Million Outflow, XRP ETF Records $11.88 Million Inflow]This week, cryptocurrency exchange-traded funds (ETFs) continued to face pressure, with Bitcoin funds experiencing outflows for the tenth consecutive trading day, while Ethereum funds have seen outflows for 14 consecutive trading days. This week, the Bitcoin ETF had a net outflow of $125.31 million, marking its tenth consecutive day in negative territory. The Ethereum ETF also continued to decline, but the situation was more balanced compared to previous days, with a net outflow of $17.91 million, extending its decline to 14 consecutive trading days. The XRP ETF saw a net inflow of $11.88 million, with Bitwise's XRP product leading at $7.36 million. The HYPE ETF recorded an inflow of $9.5 million, all from 21Shares' THYP. The Solana ETF had a net inflow of $1.32 million.

This Week's Bitcoin ETF Sees $125.31 Million Outflow, XRP ETF Records $11.88 Million Inflow

This week, the flow of funds in cryptocurrency exchange-traded funds (ETFs) continues to face pressure, with Bitcoin funds experiencing outflows for the tenth consecutive trading day, while Ethereum funds have seen outflows for the 14th consecutive trading day. This week, the Bitcoin ETF recorded a net outflow of $125.31 million, marking its tenth consecutive day in negative territory. The Ethereum ETF also continued to decline, but the situation is more balanced compared to previous trading days, with a net outflow of $17.91 million, extending its decline to 14 consecutive trading days. The XRP ETF saw a net inflow of $11.88 million, led by Bitwise's XRP product with $7.36 million. The HYPE ETF recorded an inflow of $9.5 million, all from 21Shares' THYP. The Solana ETF had a net inflow of $1.32 million.

[This Week's Bitcoin ETF Sees $125.31 Million Outflow, XRP ETF Records $11.88 Million Inflow]This week, the flow of funds in cryptocurrency exchange-traded funds (ETFs) continues to face pressure, with Bitcoin funds experiencing outflows for the tenth consecutive trading day, while Ethereum funds have seen outflows for the 14th consecutive trading day. This week, the Bitcoin ETF recorded a net outflow of $125.31 million, marking its tenth consecutive day in negative territory. The Ethereum ETF also continued to decline, but the situation is more balanced compared to previous trading days, with a net outflow of $17.91 million, extending its decline to 14 consecutive trading days. The XRP ETF saw a net inflow of $11.88 million, led by Bitwise's XRP product with $7.36 million. The HYPE ETF recorded an inflow of $9.5 million, all from 21Shares' THYP. The Solana ETF had a net inflow of $1.32 million.

On May 31, Visa made a strategic investment in the AI software development platform Replit, aiming to embed its commercial infrastructure into next-generation development tools. Both parties stated that they are collaborating to integrate Visa Intelligent Commerce into Replit's platform. The goal is to enable developers to build applications and AI agents that can initiate secure transactions and receive payments through Visa's global network without interrupting their development workflow.

[Visa Makes Strategic Investment in AI Software Development Platform Replit]On May 31, Visa made a strategic investment in the AI software development platform Replit, aiming to embed its commercial infrastructure into next-generation development tools. Both parties stated that they are collaborating to integrate Visa Intelligent Commerce into Replit's platform. The goal is to enable developers to build applications and AI agents that can initiate secure transactions and receive payments through Visa's global network without interrupting their development workflow.

Visa Makes Strategic Investment in AI Software Development Platform Replit

According to The Information, reported by Golden Finance on May 31, Microsoft is developing a new in-house AI model for programming, speech, transcription, reasoning, and image processing. This initiative aims to reduce reliance on OpenAI and Anthropic while providing developers with a more cost-effective option through Azure.

[Microsoft Developing New In-House AI Model]According to The Information, reported by Golden Finance on May 31, Microsoft is developing a new in-house AI model for programming, speech, transcription, reasoning, and image processing. This initiative aims to reduce reliance on OpenAI and Anthropic while providing developers with a more cost-effective option through Azure.

Microsoft Developing New In-House AI Model

On May 31, SoftBank announced a commitment of up to €75 billion to establish a large-scale artificial intelligence computing cluster network in France, which will become the largest data center project in Europe. This also marks SoftBank's largest single investment in artificial intelligence outside the United States. According to insiders, the collaboration was quickly finalized after French President Macron dined with Masayoshi Son in Tokyo in early April. In the first phase, SoftBank will lead an investment of €45 billion, aiming to achieve a computing capacity of 3.1 gigawatts in the Hauts-de-France region by 2031, with plans to add an additional 2 gigawatts of capacity later. One of the core facilities will be located in Dunkirk, where SoftBank will partner with Schneider Electric to create AI infrastructure and a robotics manufacturing center. The location has a strategic advantage, serving clients in London, Brussels, Amsterdam, and other areas. The entire project is planned to reach a total computing capacity of 5 gigawatts, and if fully completed, SoftBank's total investment will amount to approximately €75 billion.

[SoftBank Commits €75 Billion to Build AI Facilities in France]On May 31, SoftBank announced a commitment of up to €75 billion to establish a large-scale artificial intelligence computing cluster network in France, which will become the largest data center project in Europe. This also marks SoftBank's largest single investment in artificial intelligence outside the United States. According to insiders, the collaboration was quickly finalized after French President Macron dined with Masayoshi Son in Tokyo in early April. In the first phase, SoftBank will lead an investment of €45 billion, aiming to achieve a computing capacity of 3.1 gigawatts in the Hauts-de-France region by 2031, with plans to add an additional 2 gigawatts of capacity later. One of the core facilities will be located in Dunkirk, where SoftBank will partner with Schneider Electric to create AI infrastructure and a robotics manufacturing center. The location has a strategic advantage, serving clients in London, Brussels, Amsterdam, and other areas. The entire project is planned to reach a total computing capacity of 5 gigawatts, and if fully completed, SoftBank's total investment will amount to approximately €75 billion.

SoftBank Commits €75 Billion to Build AI Facilities in France

The Federal Reserve will likely need to keep its benchmark policy rate north of 5% for most of 2023 and into 2024 to succeed in taming inflation, said St. Louis Fed President James Bullard during an interview with MarketWatch.
"I think we'll have to stay there all during 2023 and into 2024," Bullard told MarketWatch's economics editor Greg Robb. 
"They will come down I think, that's my baseline, but they probably won't come down as fast as markets would like," Bullard said.

Detail

【Fed will likely need to keep interest rates above 5% into 2024 to succeed in taming inflation, Bullard says】The Federal Reserve will likely need to keep its benchmark policy rate north of 5% for most of 2023 and into 2024 to succeed in taming inflation, said St. Louis Fed President James Bullard during an interview with MarketWatch.
"I think we'll have to stay there all during 2023 and into 2024," Bullard told MarketWatch's economics editor Greg Robb. 
"They will come down I think, that's my baseline, but they probably won't come down as fast as markets would like," Bullard said.

Fed will likely need to keep interest rates above 5% into 2024 to succeed in taming inflation, Bullard says

$2 Billion Write-Off: Manus Plans Hong Kong IPO for a Comeback?

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Google CEO Admits Lagging Behind in Coding

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The 'Stock Call King' Serenity: 3840% Annual Return, Beating Institutions to the Punch

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sfp currently trades at 0.2679 USDT, up 19.54% in 24h, according to HTX market data.

a16z-Linked Entity Increases Holdings by 226,121 HYPE, Totaling 3.9 Million HYPE at Average Price of $49.4

Fed will likely need to keep interest rates above 5% into 2024 to succeed in taming inflation, Bullard says

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