Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
“Bitcoin (BTC) needs a new narrative in order to reestablish global attention.” This was a snippet from the email Wall Street analyst Nicholas Colas sent to his clients regarding the state that BTC currently finds itself in.
As the value of BTC declines, it isn't surprising that its popularity has taken a nosedive as well. According to Google Trends, internet searches for the word “Bitcoin” dipped by 75 percent since the start of the year, cutting its fame in half in just three months, Cointelegraph reported.
The process of analysis by Google Trend evaluates a certain term’s popularity through different time periods, with the value of a word considered highest at the 100 mark. For Bitcoin, web search record shows that it was standing at 37 at the beginning of January, but is only at 9 at the start of June.
Moreover, Colas also saw a decrease of new wallets being created in 2018. So far this year, there has been a 3.7 percent growth as compared to the latter parts of 2017, when there was a 7.6 percent monthly increase.
It can be recalled that December 2017 saw the highest Bitcoin value in the crypto market, when it traded for more than $19,000. Now, it only values at $7,425, declining by more than half its peak.
“Bitcoin wallet growth needs to be +5 percent per month to see meaningful price appreciation”, Colas remarked. Having said this, it’s not only BTC that saw a decline in web searches but other cryptocurrencies as well.
The second largest digital currency by market cap, Ethereum, has dropped 70 percent since the start of 2018, while Bitcoin Cash and XRP fell 82 percent and 87 percent, respectively. However, the internet search for EOS, the fifth largest cryptocurrency, has increased by 97 percent, which is likely the result of recent fundraising activity of the company, as observed by CNBC.
