Decentralized Finance, or DeFi, is a set of financial services and transactions using the blockchain. DeFi works using a blockchain, smart contracts, and cryptos.
Tether remains the most important stablecoin, with a market cap of over $161 billion, and it's the third largest crypto. Four other stablecoins exceed $1 billion in market value.
Apple officially launched Apple Intelligence and a series of AI tools that will become available on all its products and OS. At the Worldwide Developers Conference, Apple's CEO Time Cook also announced its partnership with OpenAI and plans to integrate ChatGPT into the iPhone.
Nvidia is one of the hottest stocks this year due to its investment and leadership in the generative AI industry. On June 5th, Nvidia briefly hit the $3 trillion mark, passing Apple to become the US second largest company by market value.
Litecoin is a decentralized peer-to-peer cryptocurrency and open-source project launched in 2011. It's a Bitcoin fork, and it offers faster and cheaper transactions thanks to its use of the modified Scrypt hashing algorithm.