Bitcoin Hits New All-Time High

CRYPTO
Bitcoin Hits New All-Time High

Bitcoin (BTC) surged past $111,000 for the first time on Thursday, hitting a new all-time high as institutional interest accelerates. The price climbed nearly 3.5% to $111,878 during Asian trading, according to CoinGecko, boosting total crypto market capitalization by 1.7%. While major altcoins like XRP and DOGE remained flat, the rally highlights a shift in momentum toward Bitcoin.

Institutional demand is a key driver. Publicly traded companies are increasingly treating Bitcoin as a treasury asset, raising funds to acquire more. “Large institutions are driving this rally,” said Jeff Mei, COO at BTSE, noting $3.6 billion in ETF inflows in May alone.

Options activity reflects strong bullish sentiment, with significant open interest at strike prices up to $300,000 for late June. Even JPMorgan now offers Bitcoin exposure, signaling growing traditional finance adoption.

Despite global economic uncertainty, Bitcoin’s resilience suggests further upside may be ahead, potentially fueled by renewed retail interest.

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TECH
OpenAI Acquires Jony Ive’s Startup

In a major move that could reshape how we interact with AI, OpenAI has acquired io, a startup founded by former Apple design legend Jony Ive, in a $6.5 billion deal. Often credited with helping create the iPhone, Ive now joins OpenAI to lead the design of new AI-powered devices—possibly wearables—that may go beyond today’s phones and laptops.

OpenAI CEO Sam Altman said he’s been testing one of io’s prototypes and called it "the coolest piece the world will have ever seen." While no specific product details were revealed, the acquisition reflects OpenAI’s ambition to develop revolutionary hardware interfaces for AI.

This is OpenAI’s biggest deal yet, following its recent $3 billion acquisition of coding tool Windsurfer. As competition heats up—Meta, Google, and others are also exploring AI wearables—OpenAI is betting big on design, innovation, and a future beyond screens.

The deal is pending regulatory approval and expected to close this summer.

TECH
Microsoft Targets Enterprises With AI Agents

In back-to-back developer conferences, Microsoft and Google revealed sharply different AI strategies. At Microsoft Build, the focus was squarely on enterprise solutions—introducing tools to help businesses create and manage AI agents that can automate workflows while maintaining data control and security. A leaked internal message even suggested Walmart prefers Microsoft’s approach over Google’s, particularly for AI security.

Meanwhile, at Google I/O, the spotlight was on consumers and creators. Google revamped its search with AI Overviews and introduced Project Mariner—an initiative focused on building personal AI assistants. It also unveiled new generative AI tools for video, audio, and image creation to support content creators and platforms like YouTube.

While Microsoft’s AI tools integrate smoothly with its enterprise subscription model, Google faces a tougher challenge: aligning its new AI features with a business model beyond ads. High-priced AI subscriptions are a temporary solution, but Google still needs to find a sustainable long-term revenue model.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.