Meta weighs facial recognition rollout for smart glasses

Meta is preparing to introduce facial recognition capabilities to its smart glasses, according to a report by The New York Times. The feature, referred to as “Name Tag,” would allow wearers to identify people through Meta’s built in AI assistant. Meta reportedly considered debuting the feature at a conference for blind users before a broader rollout, though that plan did not materialize. The company now intends to release the feature as early as this year across its Ray Ban and Oakley smart glasses. The technology would not identify every individual…

BlackRock Enters DeFi Via UniSwap, Bitcoin Stages Modest Recovery

BlackRock made its first formal move into decentralized finance this week, listing its tokenized Treasury fund on Uniswap, with Bitcoin and Ether staging only modest rebounds amid heavy ETF outflows. Bitcoin (BTC) and Ether (ETH) each rose about 2.5% during the past week but were unable to cross key psychological levels due to mixed exchange-traded fund (ETF) flows and crypto investor sentiment sinking to record lows. Bitcoin ETFs started the week with two consecutive days of inflows, but they quickly reversed with $276 million in outflows on Wednesday and $410…

OpenAI selected for $100M Pentagon drone swarm competition

OpenAI has partnered with two defense technology firms selected by the Pentagon to compete in a $100 million US military challenge to develop voice-controlled drone swarm software, according to a Bloomberg report. The competition, launched in January by the Defense Innovation Unit and Special Operations Command’s Defense Autonomous Warfare Group, seeks prototypes capable of directing autonomous drone swarms through spoken commands. OpenAI’s role is limited to translating battlefield voice instructions into digital commands for unmanned systems. Its technology will not control drones, integrate weapons, or hold targeting authority, according to…

Figure Technology shares rise 6% after preliminary Q4 revenue tops estimates

Figure Technology Solutions shares rose about 6% to $36.10 in early Friday trading after the company released preliminary fourth-quarter results that exceeded analyst expectations. The firm projected revenue between $158 million and $162 million for the quarter, topping the $154 million consensus estimate. Adjusted EBITDA is expected to range from $80 million to $83 million, broadly in line with forecasts. Consumer loan originations on its marketplace jumped 131% from a year earlier, highlighting strength in its core onchain credit platform, which generates the bulk of revenue. The update accompanied a…

Anchorage Enables SOL Borrowing Without Moving Custody

Anchorage Digital has partnered with Kamino and Solana Company to roll out a structure that allows institutions to borrow against staked Solana without moving assets out of regulated custody, potentially addressing a key friction between traditional finance and decentralized lending markets. In a Friday announcement, Anchorage said the initiative expands its Atlas collateral management platform by integrating with Kamino, a Solana-based decentralized lending protocol. The effort is being carried out in collaboration with Solana Company, a publicly traded Solana (SOL) treasury created in partnership with Pantera Capital and Summer Capital. …

Bitcoin Eyes $80K as Traders Expect A Short-term BTC Price Rebound.

Bitcoin (BTC) charged above $69,000 on Friday as US CPI data showed cooling inflation, leading traders to hope for a short-term BTC price recovery. Key takeaways: Traders favor a short-term BTC price relief rally, but bulls must first take out the resistance at $68,000 to $70,000.  Bitcoin market analysis forecasts a short squeeze toward $80,000 if bulls succeed in confirming the $65,000 level as support. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin price must take out resistance at $68,000 Bitcoin attempted a breakout on Thursday but “got slammed back down at…

Namik Muduroglu: Blockchain teams must engage in application development, MegaETH achieves 55,000 transactions per second, and the shift from infrastructure to user-centric ecosystems

MegaETH’s innovative approach aims to redefine blockchain application development for broader user adoption. Key takeaways Blockchain teams need to engage with application development to succeed. Building applications for users unfamiliar with blockchain is crucial for adoption. The launch of MegaETH’s mainnet will enable new on-chain experiences through real-time technology. Long-term success in volatile markets requires strategic planning over immediate reactions. The focus is shifting from infrastructure to cultivating a vibrant application ecosystem. Sustainable growth in blockchain requires long-term strategic planning. Ethereum’s limitations necessitate layer two solutions for ultra-low latency and…

ARK Invest expands holdings in Bitmine, Bullish, and Robinhood

ARK Invest purchased $4.2M in Bitmine, $2.4M in Bullish, and $12.4M in Robinhood shares on Thursday. ARK Invest expanded its exposure to crypto-linked equities on Thursday, adding to positions in Bitmine, Bullish, and Robinhood. The firm, led by Cathie Wood, purchased 212,314 shares of Bitmine across three exchange-traded funds, a position valued at approximately $4.2 million. Bitmine shares rose 8% to $21.47 by midday Friday. ARK also acquired 74,323 shares of Bullish worth about $2.4 million, marking the eleventh consecutive trading day it has increased its stake in the crypto…

Passing CLARITY Act Will ‘Comfort’ Crypto Market Investors: Scott Bessent

Passing the CLARITY crypto structure bill could improve market sentiment amid the ongoing downturn, according to United States Treasury Secretary Scott Bessent. The stalling of the CLARITY bill over concerns voiced by crypto industry executives has negatively impacted the industry, Bessent told CNBC on Friday. He said: “In a time when we are having one of these historically volatile sell-offs, I think some clarity on the CLARITY bill would give great comfort to the market, and we could move forward from there.  I think if the Democrats were to take…

Bitcoin Price Metric Sees ‘Undervaluation’ As It Taps Three-Year Lows

Bitcoin (BTC) is approaching “undervalued” territory for the first time in three years as a classic indicator nears its inflection point. Key points: Bitcoin has not been so “undervalued” versus its market cap since March 2023, research shows. The MVRV ratio is approaching its key breakeven level for the first time in over three years. MVRV analysis sees Bitcoin in the process of reversing its downtrend. Bitcoin value metric echoes $20,000 price Research from onchain analytics platform CryptoQuant released on Friday reveals key developments on Bitcoin’s market value to realized…