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Crypto

Audiera's BEAT token surges more than 1,500 percent in a month as bitcoin and ether slide

Audiera, an AI music platform, has drawn market attention after its BEAT token surged more than 1,500 percent over the past month, while bitcoin and ether fell by double digits. BEAT reached a record $9.2, with Cointelegraph citing revenue-based token burns as a key driver. Audiera reported weekly revenue of 772,045 BEAT from June 1 to 8 and burned 770,545 BEAT in the same period. Analysts also point to large short liquidations and overheating technical indicators.

Crypto

U.S. inflation above 4 percent adds downside pressure on bitcoin and gold

U.S. consumer price inflation rose above 4 percent in May, raising the prospect that bitcoin and gold could face more pressure this year, a report said. The 4.2 percent annual gain weakened expectations for Federal Reserve rate cuts and prompted some to discuss the possibility of a rate hike within the year. Analysts cited real rates and limited liquidity as key factors, while CME futures implied a 98.4 percent chance rates stay unchanged at the June 17 FOMC meeting.

AI & Enterprise

Xiaomi open-sources terminal-based AI coding tool MiMo Code, claims it beats Claude Code

Xiaomi's MiMo AI team has released the terminal-based AI coding tool MiMo Code V0.1.0 as open source, VentureBeat reported. Xiaomi said the tool showed stronger performance than Anthropic's Claude Code on key agentic coding benchmarks, particularly on multi-step tasks of more than 200 stages. Xiaomi said it built MiMo Code by forking the open-source agent OpenCode and adding its own memory architecture and workflow mode.