IN THE SPOTLIGHT (1/2)
Crypto’s ‘If-This-Then-That‘ logic

This weekend's famous Bitcoin and cryptocurrency gathering in Nashville attracted around 20,000 attendees and notable speakers to discuss the future of digital currencies.

Big promises, firing anti-crypto executives, and tech innovations were some of the topics discussed. Naturally, Bitcoin was also a hot topic, reaching $70,000 as a post-conference after-effect.

Here’s why:

• Donald Trump’s appearance was the most talked-about event at the conference. The Republican presidential candidate proposed creating a Bitcoin advisory council and establishing a national Bitcoin stockpile. He also criticized SEC Chair Gary Gensler and argued that Washington, rather than cryptocurrencies, is a real threat to financial stability.

• Michael Saylor, the co-founder of MicroStrategy, discussed the limitations of traditional financial systems and physical assets compared to the revolutionary potential of Bitcoin as a 100,000-year asset.

• Cynthia Lummis, the ‘Bitcoin Senator’ from Wyoming, announced plans to introduce legislation for a national ‘Bitcoin strategic reserve.’ She proposed acquiring 1 million Bitcoin over the next 5 years, to hold it for at least 20 years to help reduce national debt.

Moreover, Robert Mitchnick, Head of Digital Assets at BlackRock, described Bitcoin as ‘digital gold’ indicating a growing trend of institutional adoption and mainstream acceptance of cryptocurrencies in traditional finance.

Presidential candidate RFK Jr. also presented his plans for Bitcoin to serve as a strategic asset, to accumulate 4 million BTC through further purchases.

Even Edward Snowden joined the conference via video call to highlight the importance of individual freedom in the digital age, emphasizing the role of cryptocurrencies in enhancing privacy and security.

The Bitcoin conference undeniably sparked a surge in enthusiasm for cryptocurrencies.

To see how the event will continue to shape the landscape, we’ll need to hold off until after the elections.

IN THE SPOTLIGHT (2/2)
How is Perplexity shaking up the search?

There aren't many fields left untouched by AI, but challenging a decades-old Google search feature must be both exciting and daunting.

The field is getting crowded with OpenAI’s recent announcement of the SearchGPT closed beta, but there’s already a standout product that’s redefining web searches. Unlike traditional links, it uses AI to deliver direct answers, offering a whole new way to find information.

As we witness the evolution of search in the AI era, here’s how Perplexity has emerged as one of the most promising startups leading the way.

SUBSTRATES
What else is happening?

WEB3

• Ethereum celebrated its 9th anniversary since the first block was mined.

• The University of Wyoming has established the first Bitcoin Research Institute to promote academic research on Bitcoin.

• Tether reports a record-breaking Q2 profit of $5.2 billion.

AI

• OpenAI is rolling out ChatGPT's Voice Mode, which allows for natural, real-time conversations where users can interrupt and as respond to emotions and sensory inputs at any time.

• JPMorgan Chase launches LLM Suite, an in-house generative AI chatbot that functions as a research analyst.

• Perplexity launches the Publishers Program to share revenue with media partners, with Time, Fortune Magazine, and Entrepreneur already on board.

FROM THE REPOSITORY
Check this out!

• Vitalik's view on 'pro-crypto' political candidates and why it's about much more than just cryptocurrency advocacy. [link]

• How to win the attention game and grow in web3? [link] 🎧

• Sam Altman’s opinion on who’ll be controlling the future of AI and four big pillars to make it right. [link]

Use now or save for later:

• Brevian lets you build custom and secure AI agents for your business with zero code written.

• Bet on sports, gaming and crypto on DuelDuck’s platform running on blockchain.

• Use SuperMemory as your second brain for all digitally saved stuff.

*Shipping amazing products or services in AI or web3? Reach out and get featured for free to your community of over 1k readers.

Visual of the week: Data never sleeps [AI edition]

SCOOPS OF THE WEEK

EXTRA READS

Got any questions?
Drop us a reply to this email.

Ready to build in web3?
Deploy in seconds - we’ve got smart contracts for pretty much anything!

Stuck or need a second web3 brain?
Get in on a free call with us.

New to web3?
Grab the web3 starter pack🎁 an essential guide for everything web3.