717ai (WIRE)
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About WIRE
717ai serves as an AI Over-The-Counter (OTC) Settlement Agent, optimized for analyzing high-quality market data from institutional sources. It facilitates the implementation of on-chain investment strategies, streamlines OTC settlement processes and pricing, and consolidates stablecoin conversions. Moreover, holding the $WIRE token provides users with access to premium market insights and additional price information through the 717ai Terminal. The buyback and burn initiative for the $WIRE token is sustained by the settlement revenue generated by 717ai.
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News
Big Short’s Michael Burry Bets on Lipstick to Combat Recession
Michael Burry, known for predicting the subprime mortgage crisis in 2008, sold a major portion of his holdings during Q1 to focus on a single cosmetics stock: Estée Lauder. Analysts believe Burry expects a recession, based on the notion that…
BTC Ranged, Alts Ripped, and Coinbase’s Rollercoaster Ride
Last week, while bitcoin ranged in place, Ethereum soared, Coinbase announced great and terrible news, and a Chinese firm released BTC acquisition plans. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly…
Stacks Resumes Block Production Amid Warnings of ‘Occasional Degradation’
Bitcoin Layer 2 blockchain solution Stacks announced on May 24 the resumption of block production after resolving issues related to "misbehavior stemming from the stacks-node's mempool syncing logic." Stacks Warns of 'Occasional Degradation' in Block Production On May 24, the…
Ethereum’s DeFi Reign Slips 37% Since 2021—A Blockchain Power Shift?
Current metrics place the total value locked into decentralized finance (DeFi) at approximately $117.856 billion. Ethereum, once commanding more than 56% of that figure at the close of 2024, has since dipped to 51.24% in May, marking a notable decline…
Peter Schiff Warns Trump’s ‘Big, Beautiful Bill’ Will Trigger Economic Collapse, Obliterate the Dollar
Peter Schiff torches Trump’s Big, Beautiful Bill as economic suicide, warning it will obliterate the dollar, supercharge deficits, and devastate the U.S. economy. Peter Schiff: Trump’s Bill Is a Fiscal Nuke That Will Wipe out the US Dollar Economist and…
