Summary
TLDR: Worldcoin’s price increased following OpenAI’s Sora launch, along with other AI-related cryptocurrencies. Cryptocurrency derivatives exchanges also saw increased trading volumes, with Binance’s trading volume soaring by almost 50%. Future options and derivatives generate the most volume in the financial system, bringing efficiency to the market. On-chain transfer volumes can be correlated with Open Interest, indicating a broader institutional bull market.
Key Points
1. Sam Altman’s Worldcoin has received renewed interest following the launch of OpenAI’s latest video tool, Sora.
2. Sora, OpenAI’s latest innovation in generative AI, leverages artificial intelligence to transform written descriptions into photorealistic video content.
3. The price of Worldcoin (WLD) reached $7.86 over the long weekend and is currently trading at $6.33. According to CoinGecko, the cryptocurrency currently has a fully diluted valuation of $63 billion, higher than that of the Solana blockchain.