Governance

Top tech news stories today: June 6, 2024

Nvidia has overtaken Apple to become the world’s second-most valuable company, with a staggering market valuation of $3.012 trillion.

AuthorSylvia Shen

Reading Time4 min

PublishedJune 6, 2024

Primary DomainN/A

Content TypeN/A

TopicN/A

EntityN/A

RegionN/A

Time HorizonN/A

ImpactN/A

ConfidenceN/A

Headline

Nvidia has overtaken Apple to become the world’s second-most valuable company, with a staggering market valuation of $3.012 trillion.

Context

Binance is seeking to dismiss a $13 billion lawsuit. Coinbase is launching a smart wallet that eliminates gas fees. Telecoms are challenging the reinstatement of net neutrality rules. Binance seeks to dismiss most of a $13 billion lawsuit alleging collusion with other exchanges, like Kraken, to delist Bitcoin Satoshi Vision (BSV). The case, representing over 200,000 BSV owners, claims the 2019 delisting caused BSV’s value to plummet, hindering its potential as a major cryptocurrency. ( Reuters )

Evidence

Pending intelligence enrichment.

Analysis

CrowdStrike’s shares surged 11.3% after exceeding Q1 revenue and earnings estimates and raising its full-year 2025 forecast. The cybersecurity firm projected Q2 revenue above Wall Street expectations, continuing its streak of beating earnings estimates for eight consecutive quarters. ( U.S.News ) Coinbase is introducing a smart wallet, enhancing user convenience by simplifying onboarding, eliminating gas fees, and removing the need for recovery phrases. This wallet integrates with major apps, offers self-custody, and supports various networks. ( Cointelegraph ) Telecom industry groups, including AT&T and Verizon, are challenging the Biden administration’s reinstatement of net neutrality rules set to take effect on July 22. The FCC’s rules, which prohibit blocking, slowing, or paid prioritisation of lawful content, were adopted in 2015, rescinded under Trump, and reinstated by a recent FCC vote. ( Aol. ) Lockheed Martin signed a deal with Firefly Aerospace for up to 25 Alpha rocket launches by 2029. The agreement includes 15 confirmed and 10 optional launches. Firefly will launch various Lockheed Martin spacecraft into low-Earth orbit, starting with Alpha Flight 6 from Vandenberg Space Force Base later this year. ( Business Insider )