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Crypto Morning Briefing: Meta Plans To Use Generative AI To Create Social Media Ads by 2022

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Meta Plans To Use Generative AI To Create Social Media Ads by 2022

Meta, the parent company of Facebook and Instagram, plans to use its proprietary generative AI to create ads for companies by the end of this year. Currently a major revenue stream for Meta, the company wants to use artificial intelligence to design ads for brands that advertise on Meta's social platforms.

Dubai Regulator Demands Binance Provide Info on Ownership, Governance: Report

The Virtual Assets Regulatory Authority (VARA), the entity that oversees crypto activities in Dubai, has asked Binance to provide more information about its business requirements in its efforts to tighten regulatory guardrails in the emirate, Bloomberg reported.

Binance Rejected Justin Sun’s Offer to Buy His Huobi Stake: Source

Binance, the world’s largest cryptocurrency exchange by volume, recently turned down an offer to acquire Tron blockchain founder Justin Sun’s ownership stake in rival exchange Huobi, according to a person familiar with the matter.

CoinFLEX Founder Offers Bitcoin Evangelist Roger Ver ‘Olive Branch’ to Settle Alleged $84M Debt

Mark Lamb, co-founder of CoinFLEX, has offered Bitcoin evangelist and Bitcoin Cash promoter Roger Ver an “olive branch” in the form of two years of free trading on OPNX, a newly-launched claims exchange that Lamb co-founded.

OKX and Google Cloud Host Successful Hackathon for Decentralized Applications on OKT Chain

OKX, the second largest crypto exchange by trading volume and a leading Web3 technology company, has teamed up with Google Cloud to host the OKX Hackathon to drive growth and innovation of the blockchain ecosystem. The three-day event, held in Silicon Valley, aimed to encourage developers to build decentralized applications on OKT Chain, a leading layer 1 blockchain built on Cosmos.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $28,177.99 USD, dropped by 0.26% in the last 24 hours;

ETH’s live price is $1,905.73 USD, jumped by 1.54% in the last 24 hours;

BNB’s live price is $314.22 USD, jumped by 0.90% in the last 24 hours;

XRP's live price is $0.5 USD, jumped by  0.005% in the last 24 hours.

Fundraising News

Metacade Announces Partnership With Metastudio Ahead of Highly Anticipated Uniswap Listing

Metacade, one of the most highly anticipated GameFi projects in 2023, has spectacularly sold out in its final stage presale, raising an impressive $16.4M.

DWF Labs Invests $16M in RACA to Spur Web3 Gaming Ecosystem

Market maker and investment firm DWF Labs has invested $16 million in Web3 company RACA, a deal that includes purchasing an unspecified amount of RACA tokens. The funding will help RACA continue its goal of becoming an expansive Web3 gaming ecosystem.

Pfizer-Backed VitaDAO Votes on Creating For-Profit Company to Fund Longevity Research

Members of Pfizer-backed VitaDAO are voting on whether to create a for-profit company to secure and distribute funding for longevity research, the collective tweeted on Wednesday.

Web-First Bitcoin Wallet Mutiny Raises $300K in Pre-Seed Funding to Build User-Friendly and Privacy-Focused Wallet

Mutiny Wallet, a web-first Bitcoin wallet, has raised just over $300,000 in pre-seed funding to build a user-friendly Bitcoin wallet with exceptional privacy, scalability, and accessibility.

Bitcoin Bitcoin $82,701.04
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Social Media AI Binance Justin Sun Huobi Bitcoin OKX Google Cloud Blockchain
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