Adobe acquires image and video enhancement tool maker Topaz Labs
Adobe is acquiring Topaz Labs, a developer of AI-powered image and video enhancement software. The Topaz tools will be integrated into Adobe's Creative Cloud applications including Photoshop and Premiere Pro.
Here’s what happened in crypto today
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CoinDesk 20 performance update: AAVE gains 10.1% as index rises
Aave gained 10.1% while the CoinDesk 20 index rose overall. Bitcoin Cash surged 5.8%, positioning both tokens as the week's strongest performers in the crypto market.
Capitec leaving South African banking giants behind
Capitec is growing faster than South Africa's established banks, widening the gap between the digital-first challenger and traditional lenders. The bank has achieved superior expansion rates compared to legacy competitors, though specific growth percentages are not detailed in the available information.
About 60% of World Cup bettors on Polymarket are first-time crypto users
Approximately 60% of bettors on Polymarket during the World Cup were experiencing blockchain technology for the first time. The platform's straightforward betting interface successfully onboarded these newcomers to cryptocurrency transactions.
Post-prison CZ says time behind bars didn't hurt the billionaire's business after Binance
Changpeng Zhao has returned to business activities after completing his prison sentence and now maintains a majority stake in Binance while pursuing venture capital investments. He claims his time behind bars improved his character without damaging his business interests or billionaire status.
$47M in Crypto Frozen in Global Infostealer Takedown: Europol
Police across multiple countries froze €41 million in cryptocurrency and shut down three major malware operations (SocGholish, Amadey, and StealC) that infected hundreds of thousands of computers globally. The malware stolen cryptocurrency and passwords from victims across multiple jurisdictions simultaneously.
European Commission lines up Amazon and Microsoft for cloud gatekeeper status
Amazon and Microsoft have been designated as cloud gatekeepers under the European Union's Digital Markets Act, facing restrictions on business practices including interoperability and data portability requirements. The designation imposes strict obligations on companies controlling critical digital infrastructure in the cloud computing sector.
Binance faces EU service limits next week as MiCA rules take effect
Binance will halt new customer registrations across the EU on July 1 due to unmet compliance requirements under the Markets in Crypto Assets Regulation. Existing users retain withdrawal access, though the exchange cannot offer services without obtaining regulatory approval from EU authorities.
Ryanair says it will reluctantly not charge parents to sit next to children
Ryanair will stop charging parents £8 per trip to sit next to their young children. The airline previously applied this fee to adults accompanying children on flights.
South Africa’s most powerful computer ranked 36th in the world
South Africa's Cassava supercomputer in Cape Town ranks 36th globally and is the most powerful on the African continent. The facility operates at world-class computational speeds for processing complex research and data applications.
Collabora releases CODE 26.04 as rivalry between FOSS cloudy office suites heats up
Collabora released CODE 26.04 with Markdown support and improved formula error handling in its cloud-based office suite. The update includes integrated AI capabilities that are disabled by default.
Circle, Nomura eye Japan corporate FX with stablecoin settlement: Report
Circle and Nomura are partnering to enable Japanese corporations to settle foreign exchange transactions using stablecoins within Japan's regulated blockchain financial framework. The collaboration targets corporate FX settlement, leveraging stablecoins as the settlement medium in a jurisdiction that has been developing regulated cryptocurrency and blockchain financial infrastructure.
IBM claims major chip breakthrough
IBM has created chip technology with features smaller than one nanometre, potentially enabling faster computing and lower energy consumption. The company claims this represents the world's first achievement of sub-nanometre semiconductor manufacturing.
How you can save money on your energy bill as debts rise
Households can access grants, payment plans, and hardship funds through energy suppliers and government schemes to reduce rising energy costs. Total debt and arrears have reached record levels, with assistance programs available to help consumers manage their financial burden.
4 shares that helped Vestact outperform the market and grow its assets under management to R13.9 billion
Vestact's investment fund reached R13.9 billion in assets by concentrating on US technology stocks that outperformed the broader market. Four specific tech shares drove the model portfolio's outperformance, though the article does not name them.
ZTE builds a TCO-optimal AI factory to fuel token economy
ZTE constructed an AI factory using OEX architecture SuperPODs and multi-dimensional co-design to optimize tokens per second while reducing total cost of ownership for scaled inference. The system prioritizes maximizing token throughput and minimizing expenses associated with large-scale AI inference operations.
TikTok and YouTube are reinventing sports viewership. Broadcasters are taking note
Sports leagues are now distributing live games and highlights on TikTok, YouTube, and Roblox to reach younger audiences. Major broadcasters are shifting from traditional television strategies to meet viewers on the platforms where they spend most of their media time.
How to make the most of the winter holidays without leaving home
Petrol prices increased R1.43 per litre on June 3, with further rises expected when fuel levy relief expires in July. Motorists facing reduced travel budgets during winter holidays may need to prioritize destinations or adjust vacation plans around fuel costs.
Kalshi Seeks $40B Valuation Weeks After $1B Raise: FT
Kalshi is seeking a $40 billion valuation weeks after completing a $1 billion fundraise at a $22 billion valuation. The prediction market platform's higher ask comes amid escalating regulatory disputes between federal and state authorities over its operations.
WhatsApp eyes its next act: a global superapp
Meta hired Indian fintech founder Abhishek Nayar to lead WhatsApp's expansion into payments and commerce across all markets. WhatsApp is transitioning from a messaging-only platform toward a comprehensive super-app model similar to WeChat and Alipay.
IBM hails new 'block of flats' design breakthrough for ultra tiny chips
IBM developed a new "block of flats" structural design for chips operating at below 1 nanometre scale. The architecture stacks transistors vertically to increase density, though commercial production remains several years away.
When the AI costs more than the coder
AI coding tools could reach cost parity with developer salaries within four years, with South Africa potentially hitting this threshold sooner due to lower local wages. The analysis suggests that as subscription and infrastructure costs accumulate, enterprises may find AI coding assistance approaching the expense of hiring human programmers directly.
Datatec CEO lifts hedge ceiling as shares surge
Datatec's CEO raised a 2.4-million-share hedging collar ceiling as the stock price increased. The adjustment permits executives greater upside participation while preserving downside protection on their holdings.
Kaspersky’s blueprint for industrial cyber resilience
Kaspersky released guidance for building security operations centers in factories and plants that covers staffing, technology, and processes. The blueprint addresses cyber attack protection for industrial systems across multiple operational layers.
Aave Token Could Climb 50x by End of 2030, Standard Chartered Says—Here's Why
Aave token could reach $3,500 by 2030 according to Standard Chartered's prediction, representing a 50-fold increase from current prices. The forecast is part of the bank's broader crypto projections that also include Bitcoin at $500,000 and Ethereum at $40,000.
Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets
Kalshi is suing Illinois over a 15% tax on sports betting set to take effect next week. The company claims the tax disproportionately burdens prediction markets compared to traditional sportsbooks.
The Next GameStop? Meme Stock Traders Make Biggie-Size Bet on Wendy's
Retail investors are targeting Wendy's stock as their next meme stock play following GameStop and AMC patterns. Amateur traders are attempting to create a similar price movement battleground between themselves and institutional investors in the fast-food chain's shares.
Your Hermes Agent Now Has a Pet. It Does Nothing—And That’s the Point
Nous Research added a decorative pet mascot to its Hermes AI agent that observes the agent's operations without performing any function. The pet is purely visual and serves no purpose beyond aesthetic appeal.