Solana’s AI Ecosystem | Bankless

Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

1. ???????? Hong Kong approves crypto ETFs. Spot BTC and ETH ETFs were finally approved for launch in Hong Kong.
2. ???? UK stablecoin legislation incoming. UK’s long-awaited stablecoin legislation is coming this summer and will land by July, officials say.
3. ???? IRS talks crypto tax fraud. In an interview with CNBC, the IRS investigations chief said he expects to pursue more crypto tax fraud cases this year.

???? Geopolitical dump? Deepening conflict in the Middle East this weekend had traders fearful that the globe was on the precipice of flinging into World War III. Should you be bidding the dip?

Prices as of 5pm ET

24hr

7d

	Crypto $2.30T	↘ 0.1%	↘ 14.5%
	BTC $62,752	↘ 1.0%	↘ 12.5%
	ETH $3,065	↗ 0.3%	↘ 16.7%

Despite its recent transaction traffic jams, Solana has generally proven to be a capable option for AI x Crypto narrative projects that need to handle many transactions quickly.

The fast and efficient request processing of Solana’s parallelized environment has attracted io.net, a decentralized network that provides global GPU resources for AI and machine learning purposes.

Let’s check out 5 other AI projects worth knowing ????

Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

Raoul Pal is back. He’s a frequent guest of this show and needs no introduction.

David and Ryan pick Raoul’s brain on navigating different crypto seasons and on his secular thesis. Besides his key learnings, Raoul also gives a peak into his portfolio and shares some hot takes on the current state of AI.

Bankless Citizens get an exclusive Debrief unpacking the episode ????

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi’s airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 80 other crypto protocols in Airdrop Hunter waiting for you.