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USDC stablecoin falls to 88 cents amid US Silicon Valley USDC stablecoin falls to 88 cents amid US Silicon Valley

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USDC stablecoin falls to 88 cents amid US Silicon Valley Bank bankruptcy

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According to The Wall Street Journal, the USDC stablecoin, one of the top 10 major cryptocurrencies in the world, fell to 88 cents on Saturday morning amid news of the bankruptcy of the American bank Silicon Valley Bank. USDC is pegged to the dollar at 1:1, so when it comes to stablecoin depreciation, this is a very worrying factor for anyone involved in the crypto market in one way or another.

USDC stablecoin falls to 88 cents amid US Silicon Valley Bank bankruptcy

USDC stablecoin falls to 88 cents amid US Silicon Valley Bank bankruptcy
USDC Price Decline Chart

The decline in the value of USDC came after the operator of this stablecoin, Circle Internet Financial Ltd, announced that it had $3.3 billion in Silicon Valley Bank accounts. Considering that the stability of the USDC rate is provided by real US dollars and US Treasury securities, there is nothing surprising in such a drawdown of the rate. But it should be noted that by the end of Saturday, USDC has almost won back all the fall, having risen to the level of 96 cents.

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NASA postpones first manned flight of Boeing’s Starliner

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NASA postpones first manned flight of Boeings Starliner

NASA announced the postponement of the first test manned flight of the Boeing CST-100 Starliner. It will take place not in April, but in May, after the Axiom Mission 2. Reportedly, the team is now assessing the readiness of the ship and conducting final pre-flight checks.

NASA postpones first manned flight of Boeing's Starliner

The reason for the delay was the need for additional testing of the Starliner manual control system. It is needed in case of a software failure so that the ship does not lose control.

The first Starliner crew will include astronauts Barry Wilmore and Sunita Williams. If everything goes according to plan, they will have to spend about two weeks on board the ISS. After the successful return of the ship, it will receive NASA certification for regular manned flights, such as SpaceX previously received with its Crew Dragon spacecraft.

Note that the development of Starliner has been going on since 2014, but so far the ship has not received permission for regular flights.

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Former head of Google China is preparing his own AI that will surpass ChatGPT

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Former head of Google China is preparing his own AI

Looks like the AI ​​race is just getting underway. Former Google China president and Chinese-Taiwan venture capitalist Li Kaifu has revealed that he is launching a new AI project called Project AI 2.0. And this is not just another chatbot similar to ChatGPT. The novelty will be able to offer more than just the generation of pictures and text.

Former head of Google China is preparing his own AI Generated by the Midjourney neural network

Details about the project have not yet been given, but it is already known that Kaifu has funded the computing power for Project AI 2.0 and intends to attract the best specialists from around the world for his project.

According to the businessman, the technology that is being created for Project AI 2.0 may become the most significant in the world in the near future. At the same time, there is no information about the launch date.

Li Kaifu announced his plans after Chinese technology companies including Baidu, Alibaba and Tencent announced their versions of ChatGPT-like chatbots. However, despite the competition, the former head of Google China is confident that Project AI 2.0 will be able to stand out from the rest due to its focus on global reach and productivity applications.

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Electric Cars

In China, an orgy of discounts on cars is raging. Discounts reach 5000-6000 dollars, and somewhere they can give a whole car

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In China an orgy of discounts on cars is raging

In China, prices for cars fell. According to the Chinese Cars resource, many brands or their dealers offer cars at huge discounts, and in one case, you can get a second car as a gift!

In China, an orgy of discounts on cars is raging.  Discounts reach 5000-6000 dollars, and somewhere they can give a whole car

Almost all major market players offer discounts. The Chery Tiggo 8 Plus, for example, is on sale for around $4,500, bringing the base version to just $14,000. BYD machines are on sale with discounts up to $3,000.

The premium brand Zeekr lures otherwise: the 001 electric car is offered 22-inch wheels and a Z-Sport exterior and interior package, which would cost $5,100 in total. The Changan Deepal sub-brand offers both discounts and gifts at once, for a total of approximately $6,400.

But one of the Toyota dealers did the most impressive. When you buy the bZ4X electric crossover at full price, you get a budget Toyota Vios sedan as a gift, which in itself costs almost $11,000!

The situation with huge discounts began to take shape since the beginning of the year, when Tesla cut the prices of their cars very much. The source adds that most of the discounts do not apply to the newest gasoline models, but, as we can see, there are exceptions.

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