OpenAI founder Sam Altman warned of an AI bubble that might have profound implications for crypto. Many leading AI tokens might be overvalued, deriving their market presence from generalized hype. Despite decentralized AI developers’ ambitious goals, massive LLM builders and VC funds are steering this market. Problems at the highest levels could cause nasty fallout…
Altcoin market capitalization (TOTAL3 – excluding BTC and ETH) surpassed $1.1 trillion in the second week of August. It now needs less than a 10% increase to set a new all-time high. In this context, several altcoins have seen a sharp drop in exchange reserves, reflecting accumulation and long-term holding activity. Most reports and analyses…
Shiba Inu’s price performance has remained largely muted this week, trending sideways even as the broader cryptocurrency market experiences an uptick. This rally has spilled over into the meme coin ecosystem, with several small-to-mid-cap meme tokens noting sizable gains this week. Surprisingly, despite the overall market enthusiasm, SHIB has struggled to capitalize on the momentum….
XLM has been one of the more closely watched altcoins in recent weeks. Over the past three months, the XLM price has delivered gains of nearly 50%. But the momentum has faded; last month saw a 7% drop, the past week has shaved off another 7.5%, and the past 24 hours alone brought a 5.4%…
Bitcoin and Ethereum ETFs are both performing very well, with their combined trade volume reaching $11.5 billion yesterday. This is roughly equivalent to Apple’s stock volume that day, which is an impressive feat. ETH is witnessing a flood of fresh corporate interest, as NEOS’ new “high income” ETF signals sustained institutional inflows. Nonetheless, BTC is…
OKX has permanently removed 278,999,999 OKB tokens from circulation in an on-chain transaction worth more than $26 billion at current prices. Executed on Friday, it marks one of the most significant token burns in crypto history and caps OKB’s total supply at 21 million. Historic Burn and Supply Cap OKX burned over 65 million OKB…
Bitcoin’s bull cycle is approaching its final stage after 997 days since the cycle bottom on November 21, 2022. This suggests the peak could occur within 70 days, likely between October 15 and November 15, 2025. Bitcoin Cycle Peak in October–November 2025 In a recent observation of Bitcoin’s historical cycles, analyst CryptoBirb shared some notable…
American Bitcoin (ABTC), backed by members of Donald Trump’s family, has finalized a deal to buy 16,299 Antminer U3S21EXPH units from Bitmain. ABTC Acquired Mining Rigs in Bulk from a Chinese Firm The purchase is valued at around $314 million. It will provide about 14.02 exahashes per second (EH/s) of computing power. According to TheMinderMag,…
Skale (SKL) has experienced a sharp surge this week, with a notable 51% price increase in the last 24 hours. The rally is attributed to several factors, including speculation about potential partnerships. Most notably, rumors suggest that Skale’s team might be preparing for a collaboration with Google, as their founder was spotted at Google this…
With an optimistic outlook for Q3 2025, Coinbase forecasts that the cryptocurrency market will shift into a full-fledged altcoin season. While current conditions present a promising setup for an upcoming altseason, investors are advised to closely monitor market factors and macroeconomic developments in the months ahead. Macro Trends Point to Altcoin Season in Q3 A…