The crypto market experienced a downturn this week, with both Bitcoin and Ethereum shedding 2.5% of their value. Some analysts speculate that modest ETF flows may be contributing to the decline. However, the market remains volatile, and predictions for the future of cryptocurrencies vary widely. Peter Schiff, a renowned gold bug, has stated that he discussed a potential Bitcoin conference appearance in May 2025, but he is unsure if Bitcoin will still be a significant player by then.
Meanwhile, the US political scene continues to be dominated by the upcoming election and the return of former President Donald Trump. Trump has been making headlines with his comments on the economy and his criticisms of current Vice President Kamala Harris. Economist Justin Wolfers has weighed in on their recent exchanges, calling Trump’s economic speech an incoherent rant and praising Harris’s stance on bread and bacon.
Trump’s re-entry into the political arena has also sparked heated debate regarding his potential success against Harris. Some analysts believe that Harris’s lead is bolstered by specific voter demographics but may not translate into an Electoral College victory. Others, like Chris Sununu, believe that Trump faces a steeper challenge against Harris than he did against Biden.
Adding to the political turmoil, a Harris-Walz campaign has announced a $370 million ad blitz for the upcoming election.
Moving on to tech news, AMD has expanded its AI capabilities with the acquisition of ZT Systems for a staggering $4.9 billion. This move signals AMD’s growing commitment to the artificial intelligence sector.
Apple continues to strengthen its presence in India, with Tata setting up the country’s fourth iPhone assembly plant.
OpenAI’s Worldcoin project, which uses iris scanning technology, has attracted global criticism over privacy concerns. However, the project defends itself, claiming that it is privacy-enhancing.
Finally, Apple CEO Tim Cook has expressed optimism about Apple’s future in China, describing the country as the most competitive in the world.
The tech sector remains a hotbed of innovation and growth, with major players like Apple, AMD, and OpenAI making headlines with their ambitious projects. The coming weeks will likely bring more developments in the world of technology, politics, and crypto.
