Crypto and AI Sector Highlights: Major Moves and Risks in 2023

The latest developments show that FTX has allocated an additional $1.9 billion to compensate affected creditors. Ethereum's trading volume has exceeded that of Bitcoin, indicating increased market activity and interest. Zircuit has launched a decentralized AI trading platform, emphasizing the growing integration of AI in finance. Solana has increased its block computational limit by 20%, potentially boosting network performance. Jack Dorsey's Block has entered the S&P 500 and announced plans for Bitcoin payments, highlighting mainstream adoption. PumpFun postponed its airdrop amidst legal issues, while LetsBonk has strengthened its market position. Tether intends to reveal a strategy to enter the US market, signaling expansion plans. Trump's executive orders on 'inclusive' AI have faced expert criticism, raising regulatory concerns. CryptoQuant reports that Bitcoin's growth is largely driven by institutional investors. Hackers have compromised 100 abandoned DeFi protocols, increasing security risks. The cryptosphere accused Ripple co-founder Chris Larsen of XRP dumping after the asset's price fluctuations. A Bitcoin whale moved $468 million after 14 years of dormancy, stirring market curiosity. YouTube has introduced new AI features for Shorts, enhancing content creation. Tron has been listed on Nasdaq, marking a milestone for the blockchain. The industry faced a brutal half-year with losses of $3.1 billion due to scams and hacks. These updates reflect significant shifts and challenges across the crypto and AI sectors.