OneLiners
New York Plaintiffs Seek to Declare 3.7 Million BTC as ‘Abandoned Property’
The plaintiffs have requested the court to recognize their rights to 39,069 inactive bitcoin addresses, holding approximately 3.7 million BTC valued at around $285 billion. They regard these assets as 'abandoned property'; however, experts point out that without private keys, enforcing such a decision is virtually impossible.Satoshi-Era Miner Transfers 2,650 BTC Worth $203 Million
The funds were sent to addresses associated with FalconX and Cumberland, according to Onchain Lens and The Block. The transactions occurred on May 25 in several parts, leaving 6,000 BTC remaining in the wallets.Software Companies’ Market Cap Drops 26% in Six Months
The market capitalization of the software sector has decreased by 26% over six months, reaching $1.3 trillion. Meanwhile, amid the AI rally, certain infrastructure players have surged: Bloom Energy's shares have gained over 240% in half a year, while Quanta Services and MasTec have seen increases of more than 300% since May 2023. The AI stock boom in the United States has continued since May 2023, when a strong report from Nvidia marked a turning point for the sector. During this period, the American semiconductor index rose by 423.9%, compared to 85.6% for the broader US market.Pope to Address Artificial Intelligence in First Encyclical
On May 25, the Vatican will release Pope Leo XIV's first encyclical, Magnifica humanitas, dedicated to the protection of human dignity in the age of artificial intelligence. The same day will feature a presentation with the pontiff himself, Cardinals Victor Manuel Fernandez and Michael Czerny, and Anthropic co-founder Christopher Olah.We use cookies to improve the quality of our service.
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