🕶️ Meta & Oakley Unveil AI Sports Glasses | 🎮 Nintendo Switch 2: Early Verdicts In | 🤖 Apple Eyes $14B Perplexity AI Deal

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Meta's Oakley Glasses Want to Turn You Into a Cyborg Athlete

What Happened: Meta and Oakley unveiled their "Performance AI glasses" collaboration, featuring the Oakley Meta HSTN model that captures 3K video, lasts eight hours on a charge, and includes water resistance for actual athletic use. The glasses combine Oakley's sports-focused design with Meta's AI assistant, targeting athletes and fitness enthusiasts with hands-free recording and open-ear audio. Preorders start July 11th at $499, with the broader collection launching later this summer starting at $399.

Why It Matters: This signals Meta's serious push beyond casual social media into specialized verticals, potentially creating new markets for AI-powered wearables in sports and fitness. If athletes adopt these at scale, we're looking at a fundamental shift in how performance data gets captured and shared.

Further Reading: techcrunch.com/2025/06/20/meta-unveils-its-oakley-smart-glasses/

Nintendo Switch 2 Reviews: The Un-Nintendo Nintendo Console

What Happened: Early reviews of Nintendo Switch 2 praise its iterative approach—bigger 7.9-inch 1080p 120Hz display, dramatically improved specs rivaling Steam Deck performance, and enhanced Joy-Con controllers with new "Mouse Mode" functionality. Tom's Guide calls it "the ultimate version of the Switch concept" that makes the original look like a proof of concept. The trade-off? Significantly reduced battery life despite the performance gains.

Why It Matters: Nintendo's decision to evolve rather than revolutionize suggests the company learned from past missteps like the Wii U transition. This could cement the hybrid console format as the future of portable gaming, especially as performance gaps with traditional consoles narrow.

Further Reading: techradar.com/gaming/nintendo

Apple Mulls $14B Perplexity AI Acquisition to Hedge Against Google

What Happened: Apple executives are in early talks about acquiring Perplexity AI, the fast-rising startup behind a popular AI-powered search engine. The potential deal, which would be Apple’s largest ever at a reported $14 billion, comes as the company faces uncertainty over its $20 billion-a-year search partnership with Google—currently under antitrust scrutiny. Apple’s M&A chief Adrian Perica and services boss Eddy Cue are leading the discussions, but no formal offer has been made, and Perplexity says it hasn’t been approached directly.

Why It Matters: If Apple pulls the trigger, it could leapfrog into the AI search race, gaining both a cutting-edge platform and a deep bench of AI talent. This would not only reduce Apple’s reliance on Google but also position it to compete with OpenAI, Google, and Anthropic in the next era of web search. Meanwhile, Samsung is reportedly close to a deal with Perplexity, so Apple may need to move fast if it wants to keep its AI friends close—and its rivals closer.

Further Reading: bloomberg.com/news/articles/2025-06-20/apple-executives-have-held-internal-talks-about-buying-ai-startup-perplexity

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Friday's trading wrapped with mixed signals as geopolitical tensions in the Middle East kept investors on edge. The S&P 500 dipped 0.22% to 5,967.84, while the tech-heavy Nasdaq fell 0.51% to 19,447.41, though the Dow managed a slight 0.07% gain. Big Tech Barometer: The Magnificent Seven showed resilience with Apple leading gains at 2%, while Tesla, Microsoft, and Nvidia posted modest increases. Startup Thermometer: Major funding rounds continue flowing, with Grammarly securing $1 billion in growth financing and multiple Series A rounds topping $50 million. Infrastructure Watch: Crypto-related stocks surged as Bitcoin climbed above $106,000, with Coinbase shares jumping 3% on regulatory optimism. Wild Card: Circle's stablecoin stock soared 6% on Congressional progress for the GENIUS Act, highlighting how policy momentum drives crypto infrastructure valuations.

S&P 500: $SPY ( ▼ 0.43% ) 

DowJones: $DJI ( ▼ 0.98% ) 

Nasdaq: $QQQ ( ▲ 0.09% ) 

German DAX: $DAX ( ▼ 1.31% ) 

Indian NIFTY: $NIFTY50.NSE ( ▼ 0.27% ) 

Bitcoin: $BTC.X ( ▲ 0.49% ) 

Ethereum: $ETH.X ( ▲ 5.7% ) 

CoinMarketCap Battles Phishing Scam Attack

What Happened: CoinMarketCap, the leading crypto price-tracking website, successfully identified and removed malicious popup notifications that prompted users to verify their cryptocurrency wallets. The company confirmed the malicious code was eliminated within hours of detection and emphasized that safety zones were maintained throughout the incident. No user funds were reported compromised, but the incident highlights ongoing security challenges facing crypto infrastructure platforms.

Why It Matters: This attack on one of crypto's most visited platforms underscores the persistent threat landscape facing the industry. As mainstream adoption grows, these infrastructure attacks could significantly impact user trust and adoption rates.

Wyoming Picks Blockchain Winners for State Stablecoin

What Happened: Wyoming's Stable Token Commission selected Aptos and Sei for its state-backed stablecoin pilot program, scoring 32 and 30 points respectively in network testing. Aptos tied with Solana at 32 points but was chosen over the latter, while Ethereum scored just 26 points and Base managed 25. The WYST stablecoin aims to generate state revenue through interest on US Treasury bond reserves while promoting financial innovation.

Why It Matters: State-level crypto adoption represents a crucial regulatory milestone that could influence federal policy and legitimize digital assets for government use. Wyoming's technical evaluation process also provides valuable benchmarking data for blockchain performance comparisons.