Category: Other Crypto News

AI Will Boost Jobs With Infrastructure Buildout: Huang

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Artificial intelligence won’t be the large-scale job-taker as feared, as the tech needs workers to build and then maintain the trillions of dollars worth of infrastructure for it to run, says Nvidia founder Jensen Huang. Huang argued in a blog post on Tuesday that AI has become “essential infrastructure, like electricity and the internet,” and the facilities that make the chips, build computers and eventually house AI are “becoming the largest infrastructure buildout in human history.” “We have only just begun this buildout. We are a few hundred billion dollars…

Ethereum Price Rejected Again, Market Watches Key Support Closely

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Ethereum price started a recovery wave above the $2,000 zone. ETH is now struggling to clear $2,090 and remains at risk of another decline in the near term. Ethereum started a recovery wave above the $2,000 zone. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There is an expanding triangle forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,090 zone. Ethereum Price Trims Some Gains Ethereum price…

Arthur Hayes Wouldn’t Invest $1 In Bitcoin Right Now

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BitMEX co-founder Arthur Hayes, who has projected Bitcoin to hit $250,000 this year, says he’d rather wait-and-see than invest in Bitcoin at the moment, holding off until the US Federal Reserve loosens its monetary policy. “If I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait,” Hayes said on the Coin Stories podcast published to YouTube on Tuesday. “The longer this conflict goes on, the higher the likelihood that the Fed has to print money to support the American war machine,” he…

Exchange Transactions Fall To Historic Lows

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XRP is trading around $1.40 after the market recorded modest upside following a volatile week that saw sharp intraday swings across several major cryptocurrencies. While price action has stabilized in the short term, on-chain data suggests that underlying market participation may be entering a quieter phase. Related Reading According to a CryptoQuant analyst, activity across centralized exchanges has dropped significantly in recent weeks. Data tracking XRP deposits and withdrawals across major trading platforms shows that transaction counts have fallen to the lowest levels recorded since the metric began tracking exchange…

Bitcoin Worth Nearly $12 Million Moved By Bhutan In Fresh On-Chain Activity

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Proceeds from Bitcoin sales have paid for healthcare, environmental programs, and government worker salaries in Bhutan — a detail that puts the kingdom’s latest crypto move in sharper focus. Related Reading A Small Nation With A Big Bitcoin Strategy On Monday, blockchain analytics firm Arkham flagged a transfer of 175 Bitcoin, worth roughly $11.85 million, out of Bhutan’s main government wallet. The funds moved to an address created about a month ago, one that had already received 184 Bitcoin from state accounts. As of Tuesday, the coins had not moved…

Ripple Seeks Australian Financial License via Acquisition

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Crypto company Ripple said it is set to secure a key financial services license in Australia through the acquisition of an Australian payments firm, adding to an international license grab over the last year. In a statement on Tuesday, Ripple said it will buy BC Payments Australia, a corporate entity tied to the European Banking Circle Group, allowing it access to the company’s Australian Financial Services License (AFSL), which is set to become a requirement for certain crypto companies to provide financial services in the country. The acquisition of BC…

XRP Price Could Stage 1,500% Rally To $20 If It Mirrors This 2017 Move

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XRP is in a spot that could decide whether the cryptocurrency’s larger cycle still has room to run. Although the price action is perambulating around $1.40, one new technical outlook contends that the current weakness may not be the start of a deeper collapse.  Instead, it may be a familiar pause inside a structure that looks very similar to the one XRP formed before its 2017 rally. If this holds, then XRP might be well on track to hitting a 1,500% rally to $20. A Familiar Breakout Structure For XRP…

BNB Chain Dominates 40% Of Global Stablecoin Transactions

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While large institutional flows dominate total stablecoin volume, small-value transfers make up most stablecoin transactions on BNB Chain, which has eclipsed other blockchains by transaction count and has become one of the leaders in the sector. Related Reading BNB Chain Tops Global Stablecoin Transactions By Count As stablecoin activity continues to grow, BNB Chain has emerged as one of the leading networks in the sector, positioning itself ahead of competitors like Ethereum, Tron, and Solana in transaction share, especially for smaller-value transfers predominant in emerging markets and retail use. Recent…

Kalshi Suffers Court Loss in Ohio over Sports Betting Lawsuit

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The prediction markets platform argued for an injunction against Ohio authorities, claiming that federal commodities laws superseded state laws on sport event contracts. An Ohio federal court has denied a motion filed by prediction markets platform Kalshi for a preliminary injunction against Ohio state authorities over allegations that the company was operating in violation of gambling laws. In an order filed Monday, US District Court for the Southern District of Ohio Chief Judge Sarah Morrison denied Kalshi’s request for an injunction that would have blocked the Ohio Casino Control Commission…

Ether Funding Turns Negative, But Bears Remain In Control: Why?

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Key takeaways: Ether price struggled as investors pulled $225 million from the spot ETFs, and Ethereum staking rewards underperformed compared to stablecoin yields. Recent Ethereum network upgrades and plans for improved wallet security are positives, but fail to kickstart demand for Ether. Ether (ETH) price has repeatedly failed to sustain levels above $2,100 over the past month, gradually eroding traders’ confidence in the altcoin. Even with a 7% rise between Monday and Tuesday, ETH derivatives metrics suggest a lack of interest in leveraged bullish positions, potentially signaling that bears remain…