🎮 Elon Musk To Launch AI Gaming Studio

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Hey Waivly Crew! 🌊 In today’s edition, we’ve got a variety of topics to explore.

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Here’s what’s on the horizon today:

• Elon Musk wants to ‘make games great again’ with AI studio

• Belkin recalls BoostCharge Pro power bank due to fire risk

• Stablecoin trading volume reaches $1.8 trillion in November

• Vancouver mayor to introduce ‘Bitcoin-friendly city’ plans

Let’s dive in!

STORIES MAKING A SPLASH

^_AI
Elon Musk wants to ‘make games great again’ with AI studio

Elon Musk has announced plans to launch an AI-driven gaming studio through his company xAI, aiming to challenge the current landscape dominated by corporate-owned developers. Musk made the announcement on November 27, responding to a social media post criticizing manipulative trends in gaming.

In a retweet, Musk echoed sentiments about gaming’s loss of authenticity, stating, “Too many game studios are owned by massive corporations. xAI is going to start an AI game studio to make games great again!” This aligns with his long-standing interest in video games and his belief in AI’s potential to revolutionize gameplay.

Earlier in October, Musk hinted at this idea after a fan asked if he’d consider creating a game studio. Musk expressed his passion for gaming and his vision of using AI to craft extraordinary, immersive gaming experiences.

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^_TECH
Belkin recalls BoostCharge Pro power bank due to fire risk

Belkin is recalling all BoostCharge Pro Fast Wireless Charger for Apple Watch + Power Bank 10K due to a manufacturing defect that can cause the lithium cell to overheat, posing a fire risk. Owners are advised to stop using the device immediately and disconnect it from all power sources.

The recalled charger can be identified by the model number BPD005, located on the back. While no injuries have been reported, Belkin urges users to place the charger in a safe, dry location away from flammable objects.

Instead of a replacement, Belkin is offering full refunds through an online form, requiring the power bank's serial number or purchase details. Customers should avoid discarding the power bank in trash or recycling bins, and instead use proper disposal facilities for lithium-ion batteries.

^_BUSINESS
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WEB3 SPECIAL

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Stablecoin trading volume reaches $1.8 trillion in November

November saw a significant boost in stablecoin trading, driven by growing institutional confidence in digital assets. According to CCData, stablecoin trading volume surged 77.5% to $1.81 trillion by November 25, putting centralized exchange volumes on track to hit a yearly high.

The total stablecoin market capitalization also grew by 9.94% in November, reaching $190 billion, surpassing the previous all-time high from April 2022. Despite this growth, its market dominance dropped from 7.22% to 5.54% as investors diversified into Bitcoin and altcoins.

Tether (USDT) led the pack, growing 10.5% to $133 billion, while USD Coin (USDC) rose 12.1% to $38.9 billion. Ethena Labs' USDe saw impressive growth, with its market cap rising 42.2% to $3.86 billion, fueled by increased interest in the Ethena ecosystem. Meanwhile, FDUSD and USDS saw notable declines.

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Vancouver mayor to introduce ‘Bitcoin-friendly city’ plans

Vancouver Mayor Ken Sim has proposed adding Bitcoin to the city's balance sheet to diversify investments. During a Nov. 26 city council meeting, Sim introduced a motion titled “Preserving the city’s purchasing power through diversification: Becoming a Bitcoin-friendly city,” which he plans to present on Dec. 11.

While details of the motion were not available as of Nov. 27, Bitcoin advocate Jeff Booth confirmed the proposal would involve adopting the cryptocurrency as a reserve asset. This follows similar discussions in the U.S., where lawmakers are exploring holding Bitcoin as a reserve after the 2024 elections.

Sim’s push for crypto adoption dates back to his 2022 campaign when his party accepted crypto donations. Although he’s rarely commented on Bitcoin as mayor, Sim’s office recently displayed a copy of The Bitcoin Standard, a key text among crypto advocates.

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THE WAVES

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More Stories Surfing The Web

♟️ Google unveils chess website with AI-generated custom pieces

📊 Anthropic launches tool to link AI systems with datasets

💸 Biden slashes Intel's CHIPS Act funding by over $600 million

📱 Motorola launches 'Moto AI' features in open beta

🌟 See today's Waivly+ exclusive story by clicking here!

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