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Tech Giants Announce the Establishment and Launch of the Metaverse Standard Forum

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Today’s Cryptocurrency Headline

Tech giants including Meta, Microsoft, Sony and others have announced the establishment and launch of the Metaverse Standards Forum to promote industry-wide cooperation on interoperability standards within the amorphous online space. The forum is hosted by the Khronos Group, a non-profit consortium of 170 organizations that support interoperability standards in industries such as 3D graphics, VR, AR, and machine learning. The new forum is free and open to any organization. It will focus on projects aimed at implementation prototyping, hackathons, plugfests and open-source tooling. More than 37 founding members of the Metaverse Standard Forum include Meta, Microsoft, Sony Interactive Entertainment, Epic Games and Chinese tech giants Alibaba, Huawei, etc.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Institutional lending protocol Maple Finance issued an announcement saying that there may be liquidity problems in the fund pool this week (starting on June 20), and the lenders may not be able to withdraw funds and must wait for the borrowers to repay. Bitcoin price is almost flat over the past 24 hours. The price has been held above the $20,000 level for the last 3 days, suggesting the bulls are attempting to start a recovery.  If the buying volume increases, we could see a test of the local resistance level at $23,00 within a few days. For now, the bulls must hold the price above the vital $20,000 mark.

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