OpenAI, the company behind ChatGPT, is reportedly seeking a $500 billion valuation through a secondary share sale for employees. However, just as capital floods into AI, China is sounding the alarm over foreign firms collecting biometric data via cryptocurrency incentives, a not-so-veiled swipe at Worldcoin (WLD). $500 Billion for AI, Iris Scans for Crypto: The…
On Tuesday, Bitcoin exchange-traded funds (ETFs) logged their fourth consecutive day of net outflows, marking the longest streak of withdrawals since April. This sustained capital exit reflects the downturn in market sentiment, which could push BTC’s price lower in the near term. Bitcoin ETF Outflows Top $1 Billion in 4 Days as Institutional Bulls Retreat…
Matt Hougan, Chief Investment Officer (CIO) at Bitwise Asset Management, has highlighted three key crypto investment areas with strong growth potential. These include Ethereum (ETH) and other Layer 1 blockchains, super-apps like Coinbase, and decentralized finance (DeFi). His insights follow a pivotal speech by US Securities and Exchange Commission (SEC) Chairman Paul Atkins. The SEC’s…
Mantle’s native token, MNT, is today’s top gainer. Its value has climbed 4% in the past 24 hours, extending a strong weekly rally that has seen its price surge nearly 30% over the last seven days. The rally comes as the network’s stablecoin supply climbs, signaling an influx of liquidity into the Mantle ecosystem. Stablecoin…
Hyperliquid (HYPE) achieved a major milestone by capturing up to 35% of the total revenue generated by blockchain projects in July. In this context, the upcoming HIP-3 upgrade is expected to soon make the platform a strong pillar of the DeFi market. Soaring Revenue, Record Trading Volume According to Matthew Sigel, the Head of Digital…
Succinct’s PROVE token was listed just hours ago, and it’s already catching attention with a volatile start. After opening around $0.65 (discounting the low from the first errant candle), the token spiked to a high of above $1.5 before retracing to current levels near $1.2. That’s a significant swing for a new listing, and now,…
Solana (SOL) has posted some of its strongest on-chain metrics over the past several weeks. However, major holders are not sticking around to celebrate. On the one hand, Solana is delivering record usage and, on the other, bleeding key holders. Is this a healthy rotation or smart money taking cover? Solana Surges On-Chain, But Whales…
Lancashire Police have gained approximately $665,000 (£500,000) after Bitcoin, seized in a major fraud case, surged in value well beyond the stolen sum. Officers confiscated the Bitcoin from criminals who had converted stolen funds. Due to significant price increases, the financial outcome exceeded the original loss when the police recovered the assets. Bitcoin’s Value Surge…
The crypto gaming market may be out of the spotlight for now, but that’s exactly when traders should start paying attention. While the overall GameFi market cap sits at $12.1 billion, per CoinGecko data, down 4% over the past 24 hours, a handful of crypto gaming coins are showing early signs of positioning for potential…
MYX, the token native to the decentralized perpetual exchange MYX Finance, experienced a dramatic 20-fold increase in value in August, reaching a new all-time high (ATH). However, this rapid rally has raised red flags among industry experts, who are cautioning about the potential for a rug pull as a significant token unlock looms. MYX Price…