Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
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 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Jamie Dimon, CEO of investment bank J.P Morgan Chase, has been put in the spotlight again after he was asked for his opinion on cryptocurrency, Fortune reported. The CEO has been one of the staunchest critics of Bitcoin (BTC) in the past, calling it a fraud and calling out the U.S. government to ban the digital cash altogether.
In his recent interview on CNBC’s "Squawk Box," however, Dimon’s remarks were more subdued. “I – I don’t wanna be the Bitcoin spokesman,” he slightly stammered. “You know, just beware.” The CEO has since regretted his negative statements about BTC in the past but it seems he’s holding on to the sentiment based on his measured answer.
The interview also featured American business magnate Warren Buffett. He was asked the same question and gave the same negative remarks about Bitcoin he made previously.
In early May, the billionaire investor said that Bitcoin is not an investment as it doesn’t possess an intrinsic value, unlike bonds, stocks and real estate. "If you buy something like Bitcoin or some cryptocurrency, you don't have anything that is producing anything," Buffett explained during his talk with Yahoo Finance. "You're just hoping the next guy pays more. And you only feel you'll find the next guy to pay more if he thinks he's going to find someone that's going to pay more.
Buffet went on to say that Bitcoin and other cryptocurrencies are looking at a bleak future. As of this writing, BTC is trading at $7,636, failing to regain its $8,000 foothold a few months back.
Speculations about the digital cash are varied, with some predicting its value will skyrocket beyond the $19,000 limit it had in December 2017, while others are saying it will meet a similar fate as Napster. Of course, all of these remain speculations and the future of Bitcoin and other cryptocurrencies is still anyone’s guess.
